This latest commitment from BII follows the fund’s initial close last year, which saw it raise $140 million from a diverse range of international and African investors.
Launch Base Africa has carefully selected a comprehensive list of over 140 of the most recent investor dry powder funds aimed at African startups in 2025.
In 2023, remittances from Moroccans living abroad reached a record €10.71 billion, with France, Spain, Saudi Arabia, and Italy being key sending countries.
Before its demise, YallaXash boasted an extensive network of over 12,000 physical payout locations in Morocco through partnerships with local financial institutions and cash transfer services.
Equator plans to deploy the fund across 15 to 18 startups, writing checks of $750,000 to $1 million for seed-stage companies and up to $2 million for Series A rounds.
