Tofino Capital reaches first close of $10M fund to back startups in frontier markets – TechCrunch
Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to achieve a final close nine months from now. The firm, founded by Eliot Pence and Aubrey Hruby, wants to back startups in Africa,…