The global digital revolution has breathed new life into the Middle East and North Africa (MENA) private capital industry following a long stretch of low activity. Additional analysis includes: A deep-dive into VC activity, which reached a record USD1.9b in capital invested in 1H 2022 despite a global tech slowdown… Read More
The 2022 Data Insights feature data and analysis on private capital activity in India, Southeast Asia and Africa through year-end 2021. This year, Members also have access to LAVCA’s 2022 Industry Data & Analysis on private capital activity in Latin America, as well as the underlying… Read More
Bboxx agreed to acquire PEG Africa, a Ghana-based off-grid solar energy provider backed by investors such as responsAbility Investments and Investisseurs & Partenaires, for an undisclosed amount. Bboxx’s investors include Bamboo Capital Partners, Acumen Capital Partners and Lion’s Head Global Partners. Read more… Read More
Duplo, a Nigeria-based B2B payments platform, raised a USD4.3m seed round from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund and Y Combinator with follow-on from Oui Capital. Read more… Read More
Amethis and Edmond de Rothschild Private Equity reached a EUR120m (~USD120m) final close for their second MENA-focused fund targeting majority and minority stake investments of EUR5-15m (~USD5-15m) in SMEs in Morocco, Egypt, Tunisia and Jordan. The fund received commitments from IFC, Proparco, EIB, EBRD, BII and private institutional investors. Read More
Women’s World Banking Capital Partners led a USD6m pre-series A for Pezesha, a Kenya-based provider of working capital to MSMEs, with participation from Verdant Frontiers Fintech Fund, cFund and Input Output Global. Read more… Read More
Global Ventures led a USD2.4m seed round for SubsBase, an Egypt-based subscription and revenue management platform, with participation from HALA Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play, Ingressive Capital, Camel Ventures and others. Read more… Read More
Ezdehar Management acquired a 60 percent stake in Egypt-based grocery retailer Zahran Market for EGP274m (~USD14.28m). Read more here and here… Read More
Africinvest, led a USD30m pre-series B for ArabyAds, an adtech platform founded in Egypt and headquartered in the UAE. Read more… Read More
Timon Capital led a USD15m Pre-series A for Omnibiz, a Nigeria-based B2B e-commerce platform, with participation from Ventures Platform, LoftyInc, Chapel Hill Denham, Chandaria Capital and Musha Ventures. Read more… Read More
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