Financial services provider, Apex Group, has appointed Launch Africa Ventures, a Pan-African venture capital fund, to address the funding gap that many early-stage, technology-driven startups grapple with.
The company picked Apex to support the growth of its current and future funds by providing fund administration and accounting, fiduciary and investor reporting as well as tax compliance services.
“We believe in implementing a frictionless and efficient investment process and the administration of our funds is no different. We invest in a few startups each quarter, providing the advice and support to allow their founders to focus on their entrepreneurial pursuits,” co-founders of Launch Africa Ventures, Janade Du Plesiss and Zach George, said in a joint statement.
The partnership between Apex Group and Launch Africa Ventures allows Launch Africa to focus on providing early-stage enterprises with not only management teams and scalable solutions but also investment capital, time, and expertise.