A collection of news across the African private equity and venture capital industry |
HAVAÍC invests US$400000 in Nigeria's retailer, ShopEx
HAVAÍC says it is investing US$400,000 from its US$20 million HAVAÍC Universum Core African Fund.
Source: Radarr Africa
Betastore gets US$2.5mn to solve stockouts
Betastore eyes Ghana, the DRC and Cameroon markets after raising $2.5 million in pre-series A funding from 500 Global, VestedWorld, ...
Source: TechCrunch
South African calling app start-up Talk360 raises $4m
The seed round of funding was led by leading African venture capital investors Havaíc, 4Di Capital and several prominent fintech angel investors.
Source: Venture Burn
Launch of the new European solidarity financing fund for Africa, FEFISOL II
FEFISOL II is making its first closing at €22.5 million, and a technical assistance package of €1 million from Proparco via FISEA+ with the final objective of raising €6 million. The 2nd closing will be launched in 2023. The first disbursements will be made in July 2022.
Source: EIB
Mauritius-based fintech startup Finclusion Group raises funding from Cairo Angels
Mauritius-based fintech startup Finclusion Group has secured funding from the Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa.
Source: Disrupt Africa
Spark+ Invests US$4mn in BURN
Spark+ Africa Fund, developed with support from the Clean Cooking Alliance, is a pioneering impact fund investing in access to clean and modern energy solutions for cooking in frontier markets in Africa.
Source: PR Web
Incofin sells its holding in microfinance institution
Incofin Investment Management announced that it has sold the entirety of its stake in a microfinance institution operating in Burkina Faso ...
Source: Africa Capital Digest
Untapped Global raises $10.3mn
Untapped Global has raised a US$10.3 million debt and equity pre-seed round to help it scale its smart asset financing model.
Source: Disrupt Africa
Harith launches US$300mn renewables fund with developer Anergi
South Africa-based Harith General Partners and power developer Anergi Group are seeking outside investors to contribute to the fund, which will invest in both new and brownfield power projects.
Source: African Energy Newsletter
Ghanaian fintech Fido has secured US$30mn in Series A funding led by Fortissimo Capital and Yard Ventures with a view to new products and future expansion.
Ghanaian fintech Fido has raised US$30mn as part of its Series A funding round led by investment firms Fortissimo Capital and Yard Ventures. The investment will support the Accra-based business as it aims to roll out new products and gear towards future expansion throughout Africa.
Source: FinTech
Uganda’s Tugende Closes Pre-Series B Funding
Uganda’s Tugende, a technology-enabled asset finance company that provides asset financing and digital services to small businesses has announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
Source: The Kenyan Wall Street
EEGF invests in commercial and industrial-focused company Candi Solar
EEGF invests in commercial and industrial-focused company Candi Solar
The Energy Entrepreneurs Growth Fund (EEGF) has recently invested in Candi Solar, a visionary solar energy and clean energy financier for commercial and industrial (C&I) businesses in South Africa and India.
Source: Triple Jump
South Africa: Peter Thiel participates in Zenysis’ $13m funding round
Zenysis will deploy its new investment capital toward building partnerships with governments and local institutions in Africa, Asia and South America
Source: Tech Economy
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