Kasada Capital Management has announced the first transaction made through its debut fund, Kasada Hospitality Fund, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.
Owl Ventures, the largest venture capital fund in the world focused on the education technology market with over $1.2bn in assets under management, has led a $7.5m Series A round in uLesson, a Nigerian technology platform.
Àrgentil Capital Management has announced an undisclosed equity investment in Sygen Pharmaceuticals, an indigenous pharmaceutical company in Nigeria.
Intel Capital, Africa Internet Ventures, a strategic partnership between TPG Growth and EchoVC, and the family offices of Ronald Lauder and Eric Zinterhofer, have invested $85m in a Series B funding in Gro Intelligence.
Inspired Evolution, Norfund and Sagecom have participated in a $35m equity investment to establish and finance ESCOTEL, an energy services company currently focused on Sub-Saharan Africa countries.
XSML, through its third fund under management, ARF III, has announced its fourth investment in Ecopharm, the pharmacy chain active in Uganda.
TLcom Capital, with participation from DOB Equity, Global Ventures and Chandaria Capital, has invested $3.75m in a Series A investment round in Ilara Health, a Kenyan healthtech start-up.
The SME Debt Fund, managed by Sanlam Investments, has recently announced a second close of a further R100m and committed R110m in debt relief capital to three South African businesses.
Helios Investment Partners has partnered with BİM BİRLEŞİK MAĞAZALAR (BIM), a discount grocery retailer in Turkey, to invest in BIM’s Moroccan business through the acquisition of a 35% stake valuing the Company over $200m.
FMO, the Dutch development bank, and Cathay AfricInvest Innovation, have co-invested in Aerobotics, a South African AgriTech startup developing intelligent tools to the feed the world.
SouthBridge Group, a pan-African financial advisory and investment firm and the official financial advisor of the Togolese government, has concluded two transactions with Olam International and its subsidiary Arise Special Economic Zone, in the Republic of Togo.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately $27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria.
Investisseurs & Partenaires (I&P), a pan-African impact investor based in Paris, through its fund I&P Afrique Entrepreneurs 2, has participated in a pre-series A investment round in StarNews, Africa’s fastest-growing mobile content platform.
Convergence Partners has acquired an additional $5m interest in ChannelVAS (CVAS), a fintech provider of mobile financial services across sub-Saharan Africa and beyond. Convergence Partners exercised preferential and exclusive rights to acquire the stake as a result of an intra-consortium rebalancing of the holdings of another member of the Ethos consortium through which Convergence Partners is partially invested.
