Markets · Venture
Launch Africa returns the cash
Eleven exits, a 6.5x on Flutterwave, and — rarest of all — money actually back in investors' pockets.
Zach George and Launch Africa Ventures did the thing everyone in this ecosystem waits years for and almost never sees: they returned real money to their investors. About $2.5M — roughly 7% of the fund — off eleven exits, including a 6.5x on Flutterwave.
In a market that has spent two years being told African tech was a mirage, this is the rebuttal. Not a headline valuation. Not a paper markup that looks good in a deck and dies in a down round.
Distributions. Cash. The kind you can actually spend.
Good for Zach, good for everyone here who was in, and good — genuinely — for the brand of an entire continent's tech ecosystem, which could use the win. Go follow what the man is building. ■