Breega Group, a Paris-based tech venture capital firm founded a decade ago by Ben Marrel, François Paulus, and Maximilien Bacot, is currently in the process of raising a fund to invest in African startups. With a focus on both social impact and commercial success, Breega Group carefully evaluates each investment opportunity to ensure meaningful contributions to the businesses they support and their own company.
The firm recently announced their latest fund, Breega Venture II, on June 23, 2022, and has already secured €250 million for this fund. In total, across all five of their funds, Breega Group has successfully raised €560 million.
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Breega Group targets innovative startups with the potential to become world-class companies. They operate an inclusive investment process, fostering collaboration within their team to eliminate bias. Supporting founders at every stage of their journey is a core value for Breega Group, and they actively engage with portfolio companies, serving as an extension of their team. They also provide an on-demand Scaling Squad, lead or co-lead investments, and are open to co-investing with VCs who share their values. Taking board seats allows them to offer meaningful contributions to governance and strategy, providing counsel, championing, and challenging their portfolio companies.
For entrepreneurs seeking funding, Breega Group offers full-stack funding, encompassing capital, connections, expertise, experience, and unwavering support. Their funding spans from pre-seed to impact, providing backing at every stage of a startup’s growth.
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Breega Group has already invested in various early-stage tech companies across the African continent, including Numida in Uganda and Kwara in Kenya. Notably, they recently participated in a funding round for YMO, a fintech startup in Guinea, which successfully raised €3 million.
Entrepreneurs interested in seeking funding from Breega Group can apply through their website. Breega Group is committed to fostering the growth and success of African startups and aims to make a positive impact both socially and commercially with their investments.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard