African VC Enters Liquidity Phase as Launch Africa Returns $2.5M to Investors

African venture capital is crossing a long-awaited threshold. Launch Africa Ventures, the pan-African seed fund, has returned approximately $2.5 million to its limited partners following 11 startup exits — a modest figure by global standards, but a meaningful signal in a market still building its exit infrastructure. The fund, valued at roughly $36 million, has now returned about 7% of paid-in capital through exits spanning Nigeria, Ghana, Senegal, Tanzania, Egypt, and South Africa.