Vantage Capital agreed to provide ZAR430m (~USD28.4m) in mezzanine funding for the development of Seaton Estates, a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa. Read more… Read More
OMAI, through its Education Investment Impact Fund of South Africa, invested ZAR68m (~USD4.5m) for the development of two new schools in South Africa in partnership with education operator Edinvest. OMAI provided ZAR54m (~USD3.5m) in debt and ZAR14m (~USD900k) in equity, while Edinvest invested ZAR15m (~USD1m) in equity. Read More
Ethos Mezzanine Partners and BluePeak Private Capital invested USD31.5m in Grit Real Estate Income Group, a pan–African real estate company headquartered in Mauritius. Read more… Read More
Goodwell Investments led a USD50m Series C for Copia Global, a Kenya-based e-commerce logistics platform, with participation from Zebu Investment Partners, DFC and Koa Labs, and follow-on from Lightrock, DEG and Perivoli Innovations. Read more… Read More
Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar. Read more… Read More
Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar Ventures. Read more… Read More
Phatisa, through its Phatisa Food Fund 2, acquired 100% of South Africa-based biotech Deltamune, together with the company’s management, from HL Hall & Sons Investments for an undisclosed amount. Read more… Read More
Verdant Capital reached a USD36m first close for its Verdant Capital Hybrid Fund. The vehicle, which has an initial target size of USD100m, will invest hybrid capital and subordinated debt instruments into inclusive financial institutions across Africa. Read more… Read More
FinDev Canada committed up to USD13m to Energy Entrepreneurs Growth Fund. The vehicle is managed by Triple Jump and aims to offer financing and technical assistance to early- and growth-stage companies that increase access to clean and affordable energy for off-grid households and businesses in sub-Saharan Africa. Read More
TLcom Capital led a USD10m Series A for SeamlessHR, a Nigeria-based, cloud-based HR and payroll software, with participation from Capria Ventures and follow-on from Lateral Frontier Ventures, Enza Capital and Ingressive Capital. Read more… Read More
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