Bootstrap Europe Expands to Africa with €250 Million Debt Fund
Bootstrap Europe, a growth debt fund with €250 million (approximately $270 million) in assets, has already provided over $1 billion in loans to 300 companies, and is now opening a franchise in Africa to increase debt financing for startups in their early stages.
The funding comes from a diverse range of institutional investors, family offices, private investors, and development institutions, including the European Investment Fund, British Business Investment, and the Visa Foundation.
Fatou Diagne, co-founder of Bootstrap Europe, announced that the organization will actively allocate a portion of its latest fund to African startups and launch its franchise on the continent.
By sector, Bootstrap Europe will target high-growth potential companies with stable unit economics and well-defined paths to profitability, with a focus on fintech, e-health, and logistics, as well as – to a lesser extent – agri-tech, renewable energy, and ed-tech.
