A collection of news across the African private equity and venture capital industry |
Apis Partners sells Retail Capital stake to mark third exit of 2022
The UK-based private equity firm Apis Partners said Wednesday its maiden fund, Apis Growth Fund I, has entered into an agreement to sell its ...
Source: The Capital Quest
Youverify closes US$1.5mn seed round led by Orange DV and LoftyInc AF
Youverify raises $1.5m in a seed round led by Orange Digital Ventures Africa (ODV) and Loftyinc Afropreneurs Fund.
Source: Disrupt Africa
Adevinta sells Gumtree to Impresa Capital
Adevinta ASA has signed an agreement for the sale of Gumtree South Africa (“Gumtree SA”), to Impresa Capital.
Source: Global News Network
Egypt's The Fashion Kingdom raises US$2.6mn seed round
Egyptian curated fashion e-commerce platform The Fashion Kingdom (TFK) has raised a US$2.6 million seed round to accelerate its growth.
Source: Disrupt Africa
FMCG raises US$12mn in series A funding
Startups that solve the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry keep attracting venture capital from investors.
Source: TechCrunch
Kenyan insurtech Lami raises US$3.7mn seed extension
With its API platform gaining ground in the insurance space, the startup is also planning to provide tech solutions that will digitize agents and brokers too, helping them streamline their operations
Source: TechCrunch
Pearl Capital Partners investment in Kamp Group Limited
The fund, alongside Danish investor Gorm Pedersen, has invested in Ugandan pelleted animal feed processing, marketing, and distribution company.
Source: The Capital Quest
Digital Realty deal gives Permira and Berkshire partial exits
igital Realty's deal to acquire a majority interest in a data center business has given private equity firm Permira and Berkshire Partners.
Source: Africa Capital Digest
HAVAIC backs Kenya's FinAccess
South African venture capital firm HAVAÍC has announced a US$500,000 pre-Series A funding round in FinAccess, a Kenyan software startup.
Source: TechCabal
EFG Hermes successfully concludes advisory on latest EGP750mn financing transaction for MARAKEZ’s Mall of Arabia
The transaction is part of a wider EGP 2.25 billion financing package arranged by EFG Hermes’ Investment Banking division and EFG Hermes Corp-Solutions for MARAKEZ.
Source: Zawaya
Knife Capital returns to back DataProphet’s Series A
After backing DataProphet in 2018, Knife Capital is returning to make a follow-on investment in the AI startup's Series A funding round
Source: Africa Capital Digest
Senegal’s SociumJob Raises $1M To Pursue Francophone Africa Talent Market
SociumJob, a Senegalese job network that connects African firms with local and diaspora talent, has raised one million euros ($1M) to enhance its rollout in French-speaking Africa, according to Samba Lo, the company’s thirty-year-old founder who studied applied mathematics at the Polytechnic School of Paris, confirmed this in a statement.
Source: Afrikan Heroes
Standard Bank finances new port terminal at San Pedro, Côte d'Ivoire
The completion of a €90-million financing for the construction of a new port terminal at San Pedro, Côte d'Ivoire, marks a significant milestone in the expansion of West Africa’s transshipment hub.
Source: Standard Bank
Standard Bank invests R5 billion in MetroFibre Networx to expand fibre-optic data network rollout
MetroFibre Networx, a South African company which provides uncapped household and enterprise fibre network coverage, has secured R5 billion (~$297 million) in debt financing from Standard Bank to expand its fibre-optic data network rollout across the country.
Source: Standard Bank
« Back to Industry News
