Non-public fairness agency Verod has invested in i-Health, West Africa’s fastest-growing health chain.
We spotlight 5 Nigerian personal capital transactions, as featured in our sister publication, Africa Non-public Fairness Information’ Dealmaker’s Log, a database of reported funding offers, exits, and fundraising closes.
1. DPI and Verod put money into Nigeria’s Pan African Towers
Pan African Towers (PAT), a digital infrastructure firm based mostly in Nigeria, has introduced a strategic funding from Growth Companions Worldwide (DPI) and Verod Capital.
Established in Nigeria in 2017 to capitalise on the rising demand for wi-fi communications throughout Africa, PAT has emerged as a distinguished telecommunications and tower infrastructure supplier in Nigeria. Since founding, PAT has constructed a profitable enterprise mannequin centred round establishing tailor-made, long-term contracts with blue-chip prospects, together with Nigeria’s main cell community operators (MNOs) and web service suppliers (ISPs). Read the full article
2. Aruwa Capital makes follow-on funding into Nigerian hibiscus exporter
Aruwa Capital Administration, an early-stage development fairness and gender lens fund investing in Nigeria and Ghana, introduced an extra funding into AgroEknor, a hibiscus flower exporter and wellness model.
Since Aruwa’s final funding in December 2022, AgroEknor has achieved vital milestones, reaching speedy development by way of strategic diversification and backward integration. The corporate has accomplished its hibiscus flower processing chamber, making it one among solely seven accepted chambers in Nigeria. This improvement has considerably boosted AgroEknor’s export capability and high quality, permitting the corporate to command greater costs for its merchandise and improve its margins. Read the full article
3. Nigeria: Goodwell backs OmniRetail
Goodwell Investments has made an funding in Nigeria-based OmniRetail, a B2B e-commerce platform digitising sub-Saharan Africa’s casual provide chain. Working in collaboration with long-term companion Alitheia Capital, Goodwell invested by way of its uMunthu II fund, successfully kickstarting OmniRetail’s Sequence A fundraising spherical.
Based in 2019, OmniRetail gives the mandatory digital infrastructure to sort out among the most urgent challenges inside Africa’s commerce worth chain, significantly by addressing the wants of casual retailers. This often-overlooked group constitutes the spine of commerce throughout sub-Saharan Africa, contributing considerably to the area’s GDP and offering livelihoods to tens of millions of people. Regardless of their financial significance, these small companies grapple with uncoordinated provide chains and fragmented distribution networks, hindering their development and financial stability. Read the full article
4. Nigeria: Verod in health chain deal
Non-public fairness agency Verod has invested in i-Health, West Africa’s fastest-growing health chain. This funding from the Verod Capital Progress Fund III, marks the sixth addition to the fund’s portfolio.
Based in 2015 by Foluso Ogunwale, i-Health has 21 branches in Nigeria. Read the full article
5. TLG Capital invests in Nigerian recycling plant
TLG Capital and Wema Financial institution have joined forces to speculate $10 million within the largest sustainable aluminium recycling plant in Nigeria.
This local weather finance deal will recycle steel equal to a few Eiffel Towers within the subsequent 5 years and obtain 95% decrease CO2 emissions in comparison with main sourced aluminium. Read the full article