Soros-Backed Delta40 Raises $20 Million for African Startups

Venture firm Delta40, backed by billionaire George Soros, raised $20 million to expand its financing for startups across the African continent.

The funding round, supported by the Soros Economic Development Fund as well as the Rockefeller Foundation, includes 54 investors from 13 countries, the firm said in a statement on Wednesday. Delta40’s investment strategy focuses on agriculture and mobility, as well as energy and fintech.