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
Gulf Capital led an undisclosed investment in Vezeeta, an Egypt-based healthtech offering appointment booking and practice management solutions, with participation from VNV Global. Read more… Read More
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
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