Paris-Based VC Breega Secures 70% of Target for New Fund to Back Pre-Seed And Seed Startups

Paris-based venture capital firm Breega has successfully achieved the first close of its latest fund, securing roughly 70% of its targeted USD 75 million.

Since entering the VC arena in 2015, Breega has raised four funds: an initial seed fund of EUR 45 million, a second seed fund of EUR 110 million, a first venture fund of EUR 106 million, and a second venture fund of EUR 250 million. Within a decade, Breega has built a portfolio of over 100 startups spanning 15 countries, managing assets totaling USD 700 million.

Breega’s sixth fund, Africa Seed I, represents its first venture outside Europe. This fund launch coincides with the establishment of new offices in Lagos and Cape Town, positioning Breega in key hubs of Africa’s tech scene. These new branches complement Breega’s existing offices in Paris, London, and Barcelona, thereby strengthening its presence across the EMEA region.

As an Africa-focused venture capital firm, Breega intends to invest between USD 100,000 and USD 2 million in startups within the major African markets—Nigeria, Egypt, South Africa, and Kenya—as well as in Francophone countries like Morocco, Senegal, Ivory Coast, Cameroon, and the Democratic Republic of Congo (DRC).

Breega has already invested in nine startups, including Numida, Hohm Energy, Socium, Klasha, Kwara, Coachbit, and Sava. With Africa Seed I, Breega aims to make at least 40 investments.

Image Credit: Breega