This article is a Q&A session with the team from Breega, a venture capital firm that invests in startups across Europe and Africa. Here are some key points discussed:
Expansion to Africa
- Breega has been investing in Africa for about 5 years now.
- They have a Pan-African approach and focus on supporting entrepreneurs across the continent.
Co-investing opportunities
- Many local investors in Africa tend to their current portfolio companies rather than deploying capital to new businesses.
- There are fewer co-investing opportunities, and even those familiar names exercise more caution when investing.
Investment strategy
- Breega’s model focuses on supporting entrepreneurs with international expansion plans, regardless of the country they operate in.
- They believe that this approach is successful both in Europe and Africa.
Some key quotes from the interview:
- "The advantage of people starting a business from smaller countries is that they usually start thinking globally from day one."
- "When you see follow-on rounds and a series of extension rounds, you see many smaller funds struggling to participate meaningfully."
Overall, this article provides insights into Breega’s investment strategy in Africa and their views on the current state of co-investing opportunities.
