AfricInvest, a multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund [CAIF], at €110m.
AfricInvest has announced the final close of its AfricInvest Fund IV with total commitments of $411m.
Chancen International (CI) has announced the first close for its $21mFuture of Work Fund (FWF), a significant move aimed at realizing African Union’s agenda 2063 which advocates for well-educated citizens and skills revolution underpinned by science, technology, and innovation.
Cape Town-headquartered venture capital (VC) firm HAVAÍC has announced the third and final close of its second pan-African investment fund.
XSML, a fund manager active in Central & East Africa, has reached the hard cap for its African Rivers Fund III (ARF III) at $85m.
RisCura is raising capital for its impact debt fund and will raise up to R2bn over the next three years, Africa Global Funds has learned.
Injaro Investment Advisors, a Ghanaian growth capital investor, has launched the GHS150m ($20m) Injaro Ghana Venture Capital Fund (IGVCF), its inaugural Ghana cedi denominated fund.
Ezdehar Management, a private equity fund manager focused on Egypt, has announced a first close of its Ezdehar Mid-Cap Fund II (EMF II) at $168m.
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.
Kleoss Capital has reached first close for its Fund II of R600m, more than half of the total targeted fund size of R1bn.
Verdant Capital Hybrid Fund (VCHF), a new fund to support micro, small and medium-sized enterprises (MSME) growth in Africa, has reached its first closing with committed capital of $36m.
Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has announced the final close of the $100m fund with European Investment Bank (EIB) joining as the closing investor with $24.6m.
Ventures Platform, an early-stage “discovery” venture capital fund, has announced the first close of its $40m Pan-African, early-stage fund to invest in market-creating innovations.
Medical Credit Fund (MCF), the only debt fund fully dedicated to the African health sector, has completed a €32.5m fundraise of its second fund, MCF II.
