Velocity Capital has raised €105m for the FinTech Ventures Fund dedicated to backing early stage fintech companies that advance how people, businesses, and financial institutions grow economic opportunity.
Naspers Foundry, a South Africa-focused start-up funding initiative, has announced its first deal, with a R30m investment in SweepSouth, an online cleaning services platform that connects clients with trusted, reliable domestic cleaners.
Amethis has announced the final close of its second Pan-African fund, Amethis Fund II, which collected €375m from more than 70 investors in Europe and Africa, exceeding its initial target of €300m.
Ethos Artificial Intelligence (AI) Fund and co-investors have invested R200m in recently launched digital bank TymeBank, which is majority owned by African Rainbow Capital (ARC).
EXEO Capital has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at $146m, showing growth of nearly 50% on the size of the first fund.
Goodwell Investments has led the investment round with participation from Allan Gray, RGAx and angel investors in Inclusivity Solutions, an Africa-based technical service provider for digital insurance solutions.
Emerging Capital Partners (ECP) has agreed to acquire a substantial stake in Mauritius-based Inter Africa Transport Forex (IATF), which operates a financial technology platform.
Old Mutual Private Equity (OMPE), one of South Africa's largest and most established private equity managers, has acquired a majority stake in Footgear, a South African retailer of branded footwear.
Mergence Unlisted Investment Managers (Namibia) has bought a majority stake in the 6MWp Momentous Solar One solar energy plant, located near Keetmanshoop in Namibia, from Canadian Solar, one of the world's largest solar power companies.
TCV, Accel and Leapfrog Investments have agreed to invest $175m in a Series D round in a mobile payments company WorldRemit.
Truestone, a frontier market impact investor, has announced plans to launch the Mano River Transition Fund that will invest up to $50m into SMEs across Sierra Leone and Liberia.
Sahel Capital, fund Managers for the Fund for Agricultural Finance in Nigeria (FAFIN), has agreed to invest in Ladgroup, an indigenous agricultural company that engages in the processing and export of shea butter in Nigeria.
Helios Investment Partners and the Egyptian-American Enterprise Fund (EAEF) through their investment manager Lorax Capital Partners (LCP) have acquired a 96.7% stake of Misr Hytech Seed International, a breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies.
Development Partners International (DPI), has sold its funds’ total holdings in Eaton Towers Holdings to American Tower Corporation (ATC).
