Africa50 Invests USD20m in PAIX Data Centers
Africa50 invested USD20m in African data center operator PAIX Data Centers as part of the company’s Series B. Read more… Read More
2022 Global Private Capital Industry Data & Analysis
GPCA Members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: VC and tech investments drove private capital investment activity in GPC markets to the highest… Read More
GPCA Trends in Global Tech
GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central and Eastern Europe and the Middle East. With VC representing 55% of total private capital invested in these markets in 2021, this report highlights the themes investors are backing in… Read More
Amethis Acquires Minority Sake in Cote d’Ivoire’s SIBM
Amethis acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire, for an undisclosed amount. Read more… Read More
B Capital Group Leads USD250m Series D for Africa-focused Flutterwave
B Capital Group led a USD250m Series D for Flutterwave, a digital payments platform for African businesses, at a USD3b reported valuation, with participation from Alta Park Capital, Whale Rock Capital and Lux Capital, and follow-on from Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital and Salesforce Ventures. Read More
COTU Ventures Leads USD3m Investment for Egypt’s MoneyHash
COTU Ventures led a USD3m investment for Egypt- and US-based fintech and payment management solutions provider MoneyHash, with participation from VentureSouq, VentureFriends, Nuwa Capital, The Continent Venture Partners, First Check Africa and angels. Read more… Read More
OMAI Acquires 34% Stake in South Africa’s Actom From Actis
OMAI acquired a 34.34% stake in the holding company of South Africa-based electrical equipment maker Actom from Actis. Read more… Read More
Spruce House Leads USD21m Series A for South Africa’s Stitch
Spruce House led a USD21m Series A for Stitch, a South Africa-based fintech API platform, with participation from PayPal Ventures, TrueLayer, firstminute Capital, Raba Partnership, CRE VC and Village Global. Read more… Read More
Global Ventures and Ventures Platform Lead USD1m Round for Nigeria’s Remedial Health
Global Ventures and Ventures Platform led a USD1m round for Nigeria-based healthtech Remedial Health, with participation from Ingressive Capital, Voltron Capital and angels. Read more… Read More
Enko Capital Increases Stake in South Africa’s NETIS
Enko Capital increased its stake in South Africa-based telecom infrastructure company NETIS to 75.6%. The deal, which is being financed by a combination of equity, mezzanine financing and senior debt supplied by EAPEF, Investec and Ninety One, is valued at ~USD30m. Read more… Read More
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