Aries Media Ventures has launched its first venture fund to invest in early-stage media technology startups across Sub-Saharan Africa, with three companies already receiving backing.
The fund is led by Alykhan Kaba, its founding general partner.
Aries Media Ventures Fund I targets startups at the angel, pre-seed and seed stages, focusing on businesses operating at the intersection of media, entertainment and commerce.
Its initial portfolio includes Aktivate, a creator marketing platform founded by Nigerian entrepreneur Akinbola Asalu; HustleSasa, an events commerce platform; and Book Mahali, a venue booking and hospitality marketplace.
The fund’s size and individual investment amounts were not disclosed
Its launch creates a dedicated investment route for African founders building digital tools for creators, event organizers, and businesses in the creative economy.
For Black founders and businesses across Africa, the fund offers another source of investment for startups developing technology to support the continent’s creative industries and commerce.
