Serena Ventures Joins MaC to Back Nigerian Data Firm Stears

$3.3 million seed round also includes Melo7 Tech Partners
Stears will use funding to fuel geographic, product expansion

A mobile view of Stears Insights and prototype of its data catalogSource: Stears

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By Mureji Fatunde

October 10, 2022 at 11:06 PM UTC

Updated on

October 11, 2022 at 9:11 PM UTC

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Serena Williams’s venture capital firm is backing Nigerian data and insights firm Stears Inc. in a $3.3 million seed round led by MaC Venture Capital.

The investment is one of just a handful in Africa for Serena Ventures, whose founder announced that she would turn more of her attention to investing following her retirement from tennis after the US Open in September.