The BLOC Smart Africa fund (BLOC SA), initiated by the Smart Africa Alliance and managed by Bamboo Capital Partners, has announced that it has signed an agreement to invest €300,000 in Digitech, a Côte d’Ivoire-based SaaS insurance technology start-up. BLOC SA is leading the Seed round, catalyzing additional capital from Launch Africa Ventures. Digitech is BLOC SA’s first investment.
BLOC Smart Africa is a blended finance impact fund dedicated to technology. The Fund invests in tech start-ups that have the potential to generate long-term positive impact in Africa. BLOC Smart Africa has received catalytic investments from the Governments of Côte d’Ivoire and Luxembourg.