Botswana Tech Fund reaches $6.7M first close
The Botswana Tech Fund (BTF) has achieved a $6.7 million first close, aiming for a total fund size of $64 million to invest in technology companies driving digital growth in Southern Africa.
The Botswana Tech Fund (BTF) has announced a $6.7 million first close for its investment vehicle. The fund is targeting a total capital raise of $64 million to support technology companies fostering digital growth across Southern Africa.
Launched in April, BTF is structured to provide capital from pre-seed to growth stages. It intends to leverage Botswana's stable macroeconomic conditions, governance framework, and internet penetration to back scalable technology businesses within the broader Southern African Development Community (SADC).
The fund is established through a strategic partnership between venture capital operators and family office investors. Launch Africa Ventures will serve as the investment advisor for the initial phase, with Pula Investments acting as the anchor investor.
With the $6.7 million first close secured, BTF's long-term objective is to reach its full $64 million commitment target. This would position the fund as a significant source of early- and growth-stage capital for the region's technology sector.