GGV Capital has reached a combined USD2.52b final close across five funds, including: USD1.46b for GGV Capital VIII; USD366m for GGV Capital VIII Plus; USD610m for GGV Discovery III; USD80m for GGV Capital VIII Entrepreneurs Fund; and CNY3.4b (approximately USD525m) for GGV Capital RMB Fund II. Read… Read More
Quona Capital led a USD3m pre-Series A for Cowryrise, a Nigeria-based fintech startup that offers digital wealth management and financial planning solutions, with participation from Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors. Read more… Read More
Mediterrania Capital Partners has exited its stake in Morocco-based independent money transfer company Cash Plus to a group of Moroccan family offices. Mediterrania originally acquired a 49% stake in the company in 2014. Read more … Read More
TLcom Capital led a USD6m Series A for Pula, a Kenya-based insurtech that specializes in digital and agricultural insurance to derisk smallholder farmers across Africa, with participation from non-profit Women’s World Banking. Read more… Read More
The European Investment Bank (EIB) has committed EUR15m (approximately USD18m) to ARCH Cold Chain Solutions East African Fund. The vehicle, which has an initial target of USD100m and is managed by ARCH Emerging Market Partners, will invest in greenfield assets critical to the operation of temperature-controlled supply chains… Read More
Resource Capital Funds (RCF) and Beedie Capital have participated in a USD182 financing deal to fund the construction of the Bomboré Gold Project in Burkina Faso, a project owned by Orezone Gold Corporation. The financing includes USD96m in senior secured debt, a USD35m convertible note facility, and USD51m… Read More
Owl Ventures led a USD7.5m Series A for Nigeria-based edtech uLesson, with participation from LocalGlobe and follow-on from TLcom Capital and Founder Collective. Read more… Read More
SPE Capital Partners has reached a USD258m final close for SPE AIF I, surpassing its initial hard cap of USD200m. The vehicle targets investments in Egypt, Jordan, Morocco, and Tunisia. Read more… Read More
FinDev Canada has announced a USD12m equity investment in FMO- and CDC-backed Miro Forestry, a sustainable forestry and timber business with operations in Ghana and Sierra Leone. Read more… Read More
Finnfund and Norfund increased their senior debt facility for Starsight, a commercial and industrial solar power provider in West Africa, from USD10m to USD20m. Read more… Read More
(default archive template)