Two Japanese venture capital firms, Uncovered Fund and Monex Ventures, have joined forces to launch a new $20 million fund targeting early-stage startups across Africa and the Middle East. The initiative, called the Uncovered Monex Africa Investment Partnership, is designed to accelerate innovation in regions where tech-driven solutions are reshaping entire industries.
A Fund With Global Intent
The fund will invest up to $2 million per startup, with a strong focus on ventures operating in:
- ✅ Fintech – mobile payments, microlending, and financial inclusion tools
- ✅ Mobility and Logistics – solutions that improve transport and supply chain efficiency
- ✅ Agri-Tech – sustainable food systems and smart farming practices
- ✅ Sustainability – clean energy, waste management, and eco-friendly solutions
By prioritizing these sectors, the fund aims to back companies building both the digital and physical infrastructure necessary for long-term economic growth.
More Than Just Capital
What makes this fund stand out is its ambition to act as a bridge between Africa, the Middle East, and Japan. Beyond financial support, startups in the portfolio will gain:
- ✅ Access to Japanese Corporates – opening doors to potential partnerships and acquisitions
- ✅ Market Expansion Opportunities – guidance for scaling into Japan and Asia
- ✅ Industry Expertise – leveraging knowledge from established Japanese firms
- ✅ Cross-Border Partnerships – connecting founders with global players in finance, tech, and sustainability
This approach ensures that startups don’t just receive funding, but also long-term strategic value that can help them thrive in competitive markets.
Why Africa and MENA?
Both Africa and the Middle East are becoming fertile grounds for innovation. Africa, in particular, is drawing global investor attention due to:
- ✅ Rapid Population Growth – projected to reach 2.5 billion by 2050
- ✅ A Mobile-First Market – high adoption of mobile technology driving digital finance and commerce
- ✅ Untapped Potential in Key Sectors – agriculture, mobility, and clean energy ripe for disruption
For Japan, this fund also signals a shift in strategy. Historically more cautious in global startup investment, Japanese VCs are now positioning themselves as active participants in emerging ecosystems. By engaging with Africa and MENA, Japan gains access to fast-growing markets while providing its corporates with a foothold in regions full of young, tech-savvy populations.
A Two-Way Opportunity
The partnership benefits both sides. Startups in Africa and MENA gain visibility, credibility, and connections to Japan’s powerful business networks. Meanwhile, Japanese companies can explore co-innovation opportunities and even expand into these high-growth regions through the fund’s portfolio.
