To date, Holocene has successfully executed six investments through its permanent capital vehicle and an additional four investments via HVF I.

The launch of Unconventional Capital also signals a strategic shift within Uncap. The fund will operate independently from Uncap’s proprietary technology platform, “Level,” a recently launched SaaS tool designed to streamline investment management for funders and accelerators across Africa.

Over the past three years, Launch Africa Ventures has emerged as a dominant player in Africa’s venture capital ecosystem, investing in more than 150 technology companies across 23 African countries.

First Circle Capital’s investment strategy is designed to go beyond payments, an area that has historically dominated fintech funding in Africa.