Namibia-based firm to back early-stage Southern African startups with $10 million fund

Bellatrix Investment Managers, a Namibia-based alternative investment firm, has launched the Ndjaba Seed Fund, a $10 million venture capital vehicle to support early-stage startups across Southern Africa.

Named after the Oshiwambo word for “elephant,” the Ndjaba Seed Fund, launched on Wednesday, will target a diversified portfolio of between 35 and 50 startups over a ten-year investment…