EXEO Capital Acquires South Africa’s Chemical Process Technologies
EXEO Capital acquired Chemical Process Technologies, a South Africa-based manufacturer of animal active pharmaceutical ingredients, for an undisclosed amount. Read more… Read More
HAVAÍC Universum Core African Fund Reaches USD20m Final Close
HAVAÍC Universum Core African Fund, a vehicle established by a joint venture between HAVAÍC and Universum Wealth, reached a USD20m final close. The fund will target investments in early-stage technology companies in South, East and West Africa. Read more… Read More
AIIM, SAHIF and STOA Acquire Additional 25.8% Stake in South Africa’s MetroFibre; Sanlam and African Rainbow Capital Exit
AIIM, alongside a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA, completed the acquisition of an additional 25.8% stake in MetroFibre Networx, a South Africa-based open access fiber network operator, from Sanlam Private Equity, African Rainbow Capital and a minority shareholder. The transaction follows the ZAR1.5b (~USD97m)… Read More
AAIC Investment Reaches First Close for Africa Innovation & Healthcare Fund
Singapore-headquartered AAIC Investment reached an undisclosed first close for Africa Innovation & Healthcare Fund. The vehicle has a USD150m target and primarily invests in startups in healthcare and fintech across Africa. Read more… Read More
Dragonfly Capital, Sequoia and Stellar Invest USD10m in Nigeria’s Afriex
Afriex, a Nigeria-based developer of a blockchain-based payments platform, raised USD10m from Dragonfly Capital, Sequoia Capital and Stellar. Read more… Read More
Acumen and FMO Lead USD6.4m Pre-Series A for Ghana’s Farmerline
Acumen Resilient Agriculture Fund and FMO led a USD6.4m pre-Series A for Ghana-based agtech Farmerline, with participation from Greater Impact Foundation. The company also raised USD6.5m in debt from DEG, Rabobank, Ceniarth, Rippleworks, Mulago Foundation, Whole Planet Foundation, the Netri Foundation and Kiva. Read more… Read More
BluePeak Invests up to USD15m in Africure
BluePeak Private Capital agreed to invest up to USD15m in Africure, a pan-African manufacturer and distributor of pharmaceutical goods serving East and West Africa. Read more… Read More
Futuregrowth Leads USD5.3m Seed Round for South Africa’s Inseco
Futuregrowth Asset Management, through its Futuregrowth Development Equity Fund, led a USD5.3m seed round for South Africa-based foodtech Inseco, with participation from E4E Africa and Oak Drive Ventures. Read more… Read More
AfDB Commits (~USD10.6m) to Cathay AfricInvest Innovation Fund
The African Development Bank Group committed EUR9.8m (~USD10.6m) to Cathay AfricInvest Innovation Fund to support seed-to-growth stage investments in African startups. Read more… Read More
4DX ventures, Nuwa Capital and Shorooq Partners Lead USD4.5m Round for Egypt’s The Food Lab
4DX Ventures, Nuwa Capital and Shorooq Partners led a USD4.5m round for Egypt-based cloud kitchen platform The Food Lab. Read more… Read More
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