BAG Ventures has closed its inaugural $11.3 million fund to back early-stage AI startups building infrastructure, security, governance, and vertical software for enterprise customers. Founded by
Africa’s richest man, Aliko Dangote, held a groundbreaking event to build an oil refinery in Kenya’s coastal Lamu region, helping create a broader industrial complex in
Tony Elumelu began his career as a photocopier salesperson before moving into banking. Decades later, his business empire spans banking, energy, power, hospitality, healthcare, and technology.
Black-led venture capital firms are stepping in to close the funding gap for backing founders that traditional investors have long overlooked. And it’s working. For the