The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, has led a $47.5m Series C for Cellulant, an African digital payments provider
One Thousand & One Voices (1K1V), a private family capital fund backed exclusively by families from around the globe, has invested in Higher Ed Partners South Africa (HEPSA), a South African online education company.
Moringa, a private equity impact investment fund specialized in agroforestry projects in Sub-Saharan Africa and Latin America, has invested in Jus Délice, a Togolese company developing a juice processing factory supplied by a large network of organic producers who cultivate their fields according to organic practices.
AfricInvest and Amethis have announced a minority equity investment in CFG Bank, a pioneering investment bank which is now extending its activities to become a universal bank.
Partech’s recently launched Africa Fund has led a $3m Series A round in TradeDepot, the SaaS platform for FMCG distribution in Africa.
Orange Digital Ventures Africa, the Orange investment fund’s new initiative for Africa, has announced its first investment, helping Africa’s Talking to raise $8.6m, alongside the IFC World Bank and Social Capital.
Uqalo, a South-African private equity fund, has bought Sh404m($4m) worth of shares in Kenyan fast food chain Big Square for an undisclosed stake.
The Yield Uganda Investment Fund, managed by Pearl Capital Partners (PCP), has made its maiden investment in Uganda, committing Ushs 1.6bn ($4.31m) to Sesaco, a soy processing company.
Five major banks and funds across three continents have financed the global for-profit social enterprise d.light’s next phase of growth to empower millions more off-grid families.
Knife Capital has invested in Cape Town-based machine learning startup DataProphet, which develops and implements product development solutions to a wide range of industries.
Vantage Capital has provided $8m of funding to Rosslyn Riviera Shopping Mall, a convenient neighbourhood shopping mall in the upmarket suburb of Rosslyn/Runda in Nairobi that officially opened for trading in 2017.
DOB Equity, a Dutch family-backed impact investor, has recently completed its first investment in Rwanda, by acquiring an equity stake in Sarura Commodities, a grain trading company.
Edge Growth’s Vumela Fund with participation from Omidyar Network, the Brozin family’s Forever Young Capital and Catapult Trust, have invested in Giraffe, a South African automated high-volume recruitment start-up.
LUN Partners Group, a China-based global investment management group, alongside Goodwell Investments and several angel investors have invested $4.5m in MFS Africa, a Pan-African fintech company, in a Series B funding round.