BOND led a USD150m Series B for Yassir, an Algeria-based super app focused on Francophone Africa, with participation from DN Capital, Dorsal Capital, Quiet Capital, Y Combinator, Spike Ventures (formerly Stanford Alumni Ventures) and others. Read more… Read More
Mediterrania Capital Partners exited Tunisia-based private education company Groupe Scolaire René Descartes (GRSD), through a management buyout. Mediterrania first invested in GSRD in January 2018 through its second fund. Read more… Read More
Money Fellows, an Egypt-based fintech enabling community lending, raised a USD31m Series B led by CommerzVentures, Middle East Venture Partners and Arzan VC, with participation from Invenfin, National Investment Company, 4DX Ventures and P1Ventures, as well as follow-on from Partech and Sawari Ventures. Read more… Read More
Sanabil Investments led a USD40m Series A for Classera, an Egypt-based edtech focused on emerging markets, with participation from Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures. Read more… Read More
African Forestry Impact Platform (AFIP) raised USD200m from New Forests, BII, Norfund and Finnfund, and announced its first investment, an acquisition of Green Resources, the largest East Africa-based forest development and wood processing company. Read more… Read More
Emso Asset Management provided EUR15m (~USD15m) in debt financing for Moove, a Nigeria-based vehicle financing platform for rideshare workers. Read more… Read More
MaxAB, an Egypt-based B2B food and grocery delivery platform, raised USD40m from ADQ, BII and Silver Lake, with follow-on from 4DX Ventures, Flourish Ventures, Beco Capital and Africa Platform Capital. Read more here and here… Read More
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
(default archive template)
