Janngo Capital has successfully closed its second fund at €73 million ($78 million), surpassing its €60 million target by 20%. Led by founder Fatoumata Bâ, the firm prioritizes investments in female-led ventures, aiming to support 25-40 startups over the next five years. Key backers include the African Development Bank and the European Investment Bank, among others. Janngo has already invested in 21 startups, including Expensya and Sabi. This success highlights growing investor confidence in Africa’s startup ecosystem, which remains underfunded compared to global standards. Janngo’s investment strategy focuses on diverse sectors, emphasizing early-stage to Series B funding.