25 C
Lagos, South Africa and New York
Monday, July 6, 2020
Home PRIVATE EQUITY FUND NEWS

PRIVATE EQUITY FUND NEWS

YCombinator accepts Nigerian fintech startup into its Summer 2018

Nigeria's fintech startup, CowryWise, has been accepted to participate at the YCombinator Summer 2018, a startup accelerator programme. YCombinator Summer 2018 is a 10-week, online course designed for startup founders. After the course, Cowrywise and other participating startups will have access to $10,000 in equity-free funding...

TaxiTV Raises Seed Fund From Beta.Ventures

TaxiTV, a Lagos based advertising-technology startup has secured an undisclosed amount of seed funding in a round led by Beta.Ventures. TaxiTV is an in-ride entertainment system startup founded in October 2017 by Akinbola Asalu, CEO, and Dami Osiyale, COO. The startup provides advertising channels...

Nigerian logistics startup accepted into Y Combinator, raises $1.2 million

When Nigerian logistics startup Kobo360 interviewed for Y Combinator’s 2018 cohort, a question stood out to founder Obi Ozor. “What’s holding you back from becoming a unicorn?,” they asked. “My answer was simple,” said Ozor. “Working capital.” Kobo360 was accepted into YC’s 2018 class and...

Àrgentil Capital Partners acquires 20% stake in Tempo Housing Nigeria

Àrgentil Capital Partners has acquired a 20% stake in Tempo Housing Nigeria, a Nigeria based developer of innovative housing solutions. Tempo Housing specialises in developing flexible and affordable residential and work spaces using modern prefabricated technology. Àrgentil also provided debt as part...

Nigeria’s Piggybank.ng seals $1.1M seed funding deal

Seeking to tap into Africa’s informal savings groups the Nigerian investment startup Piggybank.ng closed $1.1M in seed funding and announced a new product — Smart Target, which offers a more secure and higher return option for Esusu or Ajo group savings clubs common across...

Nigerian fintech startup raises $6.9m Series A for African expansion

Lidya, a financial services platform focused on improving access to credit for small businesses, has just announced raising $6.9m in Series A funding. This is coming only 14 months after it raised a $1.25m seed round in March, 2017. This latest funding round was led...

African FinTech Company Cellulant Raises $47.5 Million

Cellulant, a leading Pan-African digital payments service provider that prompts, collects, settles and reconciles payments in real time, has raised $47.5 million from a consortium of investors that include the Rise Fund, the impact fund run by private equity group TPG Growth, Endeavour Catalyst...

Kellogg drives African expansion with $420 million stake in Nigeria’s Tolaram Africa Foods acquisition

Kellogg’s has exercised an option to acquire a stake in packaged food manufacturer Tolaram Africa Foods (TAF), a subsidiary of Tolaram Group, for $420 million, as the company seeks to expand its presence in the African market. Kellogg’s formed a joint venture agreement with Singapore-based...

Skretting buys out joint venture partner in Nigeria’s fish farming company

Norwegian aquaculture feed company Skretting is expanding its operations in West Africa with the buy-out of a joint-venture partnership with Nigerian fish farming firm Durante Fish Industries. The transaction, which was completed by Skretting’s parent company, Nutreco, was announced in an 10 April press release....

African VC TLcom Capital invests $5M in Nigerian data analytics start-up

The African venture firm TLcom Capital is betting on Africa’s data analytics markets with a $5 million investment in Nigerian-based Terragon Group, the developer of a software analytics service for customer acquisition. TLcom’s commitment is the second from its $40 million TIDE Africa Fund for...
Open chat
Send us your story