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

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

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

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