Africa50 To Invest in Morocco’s Holged Group
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
AIIM To Invest Up To USD150m To Create Commercial Cold Holdings
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 Leads USD1.5m Pre-Seed Round for Egypt’s Partment
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 Leads USD12.3m Equity and Debt Round for Uganda’s Numida
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 Lead USD20m Series A for Nigeria’s Vendease
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 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
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