Helios and Vitol Exit Nigeria’s OVH Energy to Nueoil Energy
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
AfricInvest | InstaDeep
In April 2019, AfricInvest, along with Endeavor Catalyst, invested USD7m in InstaDeep, a global company that utilizes its AI-based platform to help businesses analyze big data to make complex decisions. AfricInvest also participated in follow-on financing in November 2020 with existing shareholders, raising another USD7m for the… Read More
Global Ventures, Wa’ed Ventures Lead USD10.5m Series A for Saudi Arabia’s Elevatus; Global Ventures Leads USD4.4m Seed Round for Nigeria’s Remedial Health
Global Ventures and Wa’ed Ventures led a USD10.5m Series A for Saudi Arabia-based human resources platform Elevatus with participation from otf Jasoor Ventures. Global Ventures also led a USD4.4m seed round for Remedial Health, a Nigeria-based healthtech platform for digital procurement and patient medication records, with participation from Tencent, Y… Read More
Polychain Capital Leads USD40m Series B for Nigeria’s Yellow Card
Polychain Capital led a USD40m Series B for Yellow Card, a Nigeria-based cryptocurrency exchange platform, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership and others. Read more… Read More
AfricInvest and Novastar Ventures Lead USD10m Series A for Kenya’s Turaco
AfricInvest, through its Cathay AfricInvest Innovation Fund, and Novastar Ventures led a USD10m Series A for Turaco, a Kenya-based insurance and credit solutions platform, with participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures and Push Ventures. Read more… Read More
Nigeria’s Kippa Raises USD8.4m Seed Round from Goodwater Capital, TEN13 VC, Rocketship.vc, Others
Kippa, a Nigeria-based financial management platform for merchants, raised ~USD8m in seed funding from Goodwater Capital, TEN13 VC, Rocketship.vc, Saison Capital, Crestone VC, VentureSouq, Horizon Partners and Vibe Capital. Read more… Read More
South Africa’s Sanari Capital Reaches ~USD27m First Close for 3S Growth Fund
Sanari Capital reached a ZAR475m (~USD27m) first close for its private equity Sanari 3S Growth Fund, which will target growth-stage companies mainly from South Africa with regional and global scalability and exposure. Read more… Read More
2022 MENA Data Insight
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
2022 Data Insights
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 To Acquire Ghana’s Private Capital-backed PEG Africa
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
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