Weekly Digest 9

29 Sep 2021

A collection of news across the African private equity and venture capital industry |

ReelFruit raises US$3mn in Series A funding round led by Alitheia Capital

Alitheia IDF led the round and invested US$2mn while other investors included Samata Capital and Flying Doctor Healthcare Investment Company. The New Practice advised ReelFruit on the transaction. With the capital, ReelFruit will scale its dried fruit production, develop new products, and increase exports by 10 x to 15 MT in the first year.

Source: ReelFruit

AlphaMundi Group provides mezzanine funding to solar company, REDAVIA

REDAVIA is a market leader in solar power for commercial & industrial (C&I) customers in its core markets, providing reliable, low cost and clean energy solutions to businesses active in the real economy (e.g., agro-food processing, manufacturing, hospitality and real estate, utilities, and services).

Source: Africa Private Equity News

BluePeak Private Capital announces first close of its flagship BluePeak Private Capital Fund at US$115mn

BluePeak Private Capital - an alternative investment firm with a strong focus on Africa, announced today that it has raised capital of more than US$100 million for the initial closing of its flagship private credit and mezzanine fund, BluePeak Private Capital Fund SCSp (the Fund). The Fund targets a final close of US$200 million, with a hard cap of US$250 million.

Source: BluePeak Private Capital

Andela raises US$200mn in a funding round led by SoftBank at US$1.5bn valuation

Andela, a global engineering talent outsourcing company, has secured US$200 million at a US$1.5bn valuation in a Series E funding round led by Softbank Vision Fund 2, the venture capital arm of Japanese conglomerate – SoftBank.

Source: Andela

 

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