General Atlantic, a global growth equity investor, has led a $40m Series B funding round in Reliance Health, an emerging markets-focused digital healthcare provider.
Kalon Venture Partners, Launch Africa and the IDF, have made a follow-on investment of over $1m in Carscan, an AI augmented reality app.
Fund for Export Development in Africa (FEDA), a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), has invested in Ecow-Gas, a liquefied natural gas (LNG) distribution infrastructure platform in the West Africa region.
NBK Capital Partners Mezzanine Fund II has closed a $10m financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech Moove.
DOB Equity together with Elea Foundation and A to Z Impact have invested in Kwanza Tukule, a Nairobi-based last-mile distribution business that supplies informal food vendors with staple foods to cook meals for their customers.
TLcom has announced a $70m first close for its $150m Africa-focused tech fund, firmly positioning the investor to become the largest independent VC firm fully dedicated to the continent.
M&G, an international savings and investments business, has agreed to acquire a majority stake in responsAbility Investments, in impact investing firm focused on private debt and private equity across emerging markets.
Kleoss Capital has reached first close for its Fund II of R600m, more than half of the total targeted fund size of R1bn.
Helios Investment Partners has secured an ESG-linked capital call facility for Helios Investors IV Fund.
Adiwale Partners via its Adiwale Fund I has acquired a minorty stake in IDC, a drilling services company in Africa.
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution solution to serve the rapidly growing 750 million middle and low-income African consumer market.
Ethos Mezzanine Partners and BluePeak Private Capital Fund have co-invested $31.5m in Grit Real Estate Income Group (Grit), a Pan–African real estate business headquartered in Mauritius.
TLcom Capital has led a $10m Series A investment round in SeamlessHR, a human resources (HR) and payroll technology company in Africa.
Phatisa, together with management, has acquired 100% of South African-based biotechnology company Deltamune from HL Hall & Sons Investments, for an undisclosed sum.
