FMO, Force Over Mass Capital and NN Group led a USD18m Series A for Egypt-based fintech Dopay, with participation from Alder Tree Investments and Mbuyu Capital. Read more… Read More
Cathay AfricInvest Innovation Fund led a USD25m Series B for Nigeria-based genomics company 54gene, with participation from KdT Ventures, Plexo Capital, Endeavor Catalyst and Ingressive Capital, and follow-on from Adjuvant Capital. Read more… Read More
GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: All major markets posted year-over-year gains in private capital deal value and deal count as the tech-fueled recovery from the pandemic continues. VC deals drove the… Read More
Africa Capitalworks made an undisclosed investment in Nigeria-based engineering services company Dorman Long Engineering. Read more… Read More
CDC Group, through its African Private Credit Fund Strategy, invested USD30m in Vantage Mezzanine Fund IV and committed USD30m to BluePeak Private Capital Fund I. Read more… Read More
Quona Capital and MSA Capital led a USD33m Series A for Capiter, an Egypt-base B2B marketplace for the manufacturing industry, with participation from Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures. Read more… Read More
The Facility for Energy Inclusion (FEI), managed by Lion’s Head Global Partners, led a EUR60m (~USD71m) multi-country debt facility for the African subsidiaries of energy services company AktivCo. FEI is providing EUR27m (~USD32m), while Proparco and Norfund are providing EUR16m (~USD19m) and EUR9m (~USD11m) respectively. The balance of EUR8m (~USD9.5m)… Read More
Amethis acquired an undisclosed minority stake in Avacare Global, a pan-African distributor and manufacturer of pharmaceuticals and healthcare consumable products. Read more… Read More
Egypt-based fintech MNT-Halan received a USD120m investment from Apis Growth Fund II, Development Partners International, Lorax Capital Partners, Middle East Venture Partners, Endeavor Catalyst and DisruptTech. Read more… Read More
Sequoia Heritage, a subsidiary of Sequoia Capital, Founders Fund, Stripe and Ribbit Capital led a USD200m Series A for Wave, a Senegal-based mobile money platform, with follow-on from Partech Africa and Sam Altman (OpenAI), at a reported USD1.7b valuation. Read more… Read More
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