Gulf Capital exited CHO Group, a Tunisia-based olive oil producer and exporter, generating an over 15% IRR. Gulf invested USD22m in CHO in December 2018 through Gulf Capital Credit Opportunities Fund II. Read more… Read More
FlapKap, an Egypt-based revenue-based financing platform for e-commerce businesses, raised a USD3.6m seed round from QED Investors, Global Ventures’ Nclude fund, Outliers Ventures and A15. Read more… Read More
Global Founders Capital and Sequoia Capital led a USD20m seed round for Telda, an Egypt-based P2P payments platform, with participation from Block (formerly Square). Read more… Read More
Gulf Capital led an undisclosed investment in Vezeeta, an Egypt-based healthtech offering appointment booking and practice management solutions, with participation from VNV Global. Read more… Read More
Africa50 agreed to invest in Holged Group, a Morocco-based company operating sixteen primary and secondary school campuses across four education brands in Morocco and Tunisia. Read more… Read More
African Infrastructure Investment Managers (AIIM), through its AIIF4 and IDEAS funds, agreed to invest up to USD150m to establish cold chain logistics platform Commercial Cold Holdings (CCH) with partners Bauta Logistics and Mokobela Shakati; AIIM will hold a 59.2% stake in CCH. To seed the platform, AIIM and its partners agreed… Read More
Nclude and Plus Venture Capital (+VC) led a USD1.5m pre-seed round for Partment, an Egypt-based vacation home co-ownership platform. Read more… Read More
Serena Ventures led a USD12.3m equity and debt round for YC-backed Numida, a Uganda-based lender to small businesses, with participation from Breega, 4Di Capital, Launch Africa, Soma Capital and Y Combinator. Read more… Read More
TLCom and Partech led a USD20m Series A for Vendease, a Nigeria-based supplies procurement and financial services platform for restaurants, with participation from VentureSouq, Hustle Fund, Hack VC, GFR Fund, Kube VC and Magic Fund. Vendease also secured an additional USD10m in debt financing. Read more… Read More
Helios Investment Partners and Vitol exited Nigeria-based downstream fuels company OVH Energy to another Nigeria-based energy provider, Nueoil Energy. Read more… Read More
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