This is a list of various venture capital and private equity funds focused on Africa. The list includes 20+ funds, with some having recently reached final closes or had second closes announced. Here’s a brief summary:
Venture Capital Funds:
- Alitheia Angel Fund: Launched in 2020, this fund focuses on early-stage investments in African startups.
- Convergence Partners Digital Infrastructure Fund: Hit a final close of $296 million last year and will invest in digital infrastructure opportunities across sub-Saharan Africa.
- LeapFrog Impact Funds: The new fund aims to double down on financial and healthcare sectors in Africa and Asia.
- uMunthu II fund: A joint venture between Goodwell Investments and Alitheia Capital, reaching a first close of €57 million ($61 million) last year.
- Sanari 3S Growth Fund: Had a second close of $65 million last year and invests in mid-market businesses across Africa.
Private Equity Funds:
- Alterra Capital Partners: Secured $140 million, backed by Aliko Dangote, and invests in various sectors including consumer goods and logistics.
- Convergence Partners Digital Infrastructure Fund: (Also listed under Venture Capital)
- uMunthu II fund (Also listed under Venture Capital)
The list also includes impact investor Goodwell Investments’ Pepea fund, which provides mezzanine finance to early-stage startups in Kenya, Uganda, and Ethiopia.
Please note that the article was written for TechCrunch, so if you’re interested in learning more about any of these funds or would like an update on new developments, you can reach out to Annie Njanja via annie.techcrunch@gmail.com.