3IF Ventures hits first close milestone in $30M insurance fundraising drive

3IF Ventures , a venture capital fund dedicated to Africa’s insurance startup ecosystem, has announced the first close of the Inclusive Insurance Investment Fund, securing $12 million in commitments. The fund is co-anchored by FSD Africa Investments (FSDAi) and ZEP-RE, a pan-African reinsurer. The Inclusive Insurance Investment Fund will provide equity capital from pre-seed to Series B to early-stage businesses across Africa, supporting innovation in insurance technology and inclusive insurance