TLCom TIDE Africa Fund
TLcom is an Africa-focused venture fund investing in early-stage businesses that leverage technology to improve suppliers and consumers’ market access and participation in key sectors of the economy such as education, agriculture, transportation and logistics, healthcare, and financial services. Through the TIDE Africa Fund, TLcom has backed some of Africa’s most prominent early-stage companies, including Kobo360, Andela and Twiga Foods.
- Website:
- https://tlcomcapital.com/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$15m |
Africa
|
Communications & IT services, Consumer - Education, Consumer - Health, Financial services
|
December 2019 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Ajua
|
Kenya
|
East Africa
|
Communications & IT services
|
October 2017 |
Active |
Andela
|
Africa
|
Africa
|
Consumer - Education
|
October 2017 |
Active |
Ilara Health Inc
|
Kenya
|
East Africa
|
Consumer - Health
|
September 2020 |
Active |
Kobo 360
|
Nigeria
|
West Africa
|
Communications & IT services
|
November 2018 |
Active |
Okra
|
Nigeria
|
West Africa
|
Communications & IT services
|
March 2020 |
Active |
Pula
|
Kenya
|
East Africa
|
Financial services
|
October 2020 |
Active |
Shara
|
Africa
|
Africa
|
Communications & IT services
|
May 2020 |
Active |
Terragon
|
Nigeria
|
West Africa
|
Communications & IT services
|
May 2018 |
Active |
twiga Foods
|
Kenya
|
East Africa
|
Communications & IT services
|
November 2018 |
Active |
uLesson
|
Kenya
|
East Africa
|
Consumer - Education
|
November 2019 |
Active |
Vee8 International Holdings Inc
|
Nigeria
|
West Africa
|
Communications & IT services
|
December 2020 |
Active |
|
Africa, Kenya, Nigeria
|
Africa
|
Communications & IT services, Consumer - Education, Consumer - Health, Financial services
|
Active |
TRG Mezzanine Partners 3 (formerly Ethos Mezzanine Partners 3)
Ethos Mezzanine Partners III, is the third mezzanine fund to be raised by Ethos Mezzanine Partners, the fund manager.
- Website:
- https://ethos.co.za/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$20m |
Africa, East Africa, Southern Africa
|
Communications & IT services, Construction & Real estate, Food & Agriculture, Manufacturing
|
May 2018 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Balaji EPZ Limited
|
Kenya
|
East Africa
|
Manufacturing
|
December 2023 |
Active |
Gigajoule Proprietary Limited
|
Mozambique
|
East Africa
|
Infrastructure
|
June 2024 |
Active |
Gigajoule Proprietary Limited
|
Mozambique
|
East Africa
|
Infrastructure
|
June 2024 |
Active |
Grit Services Limited (“Grit”)
|
Mauritius
|
East Africa
|
Construction & Real estate
|
December 2021 |
Active |
Kinetic Holdings
|
Kenya
|
East Africa
|
Communications & IT services
|
March 2023 |
Active |
|
Ethiopia, Kenya, Malawi, Mauritius
|
Africa, East Africa, Southern Africa
|
Communications & IT services, Construction & Real estate, Food & Agriculture, Manufacturing
|
Active |
Uhuru Growth Fund I
Uhuru Growth Fund supports enterprises that boost job creation, increase access to goods and services in consumer staples, and enhance access to the healthcare and fintech sectors. The fund will invest across the West African region including Nigeria, Ghana, Côte d’Ivoire and other Francophone markets to boost post-pandemic recovery.
- Website:
- https://www.uhuruinvestment.com/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$15m |
Africa, West Africa
|
Communications & IT services, Consumer - other services, Financial services, Manufacturing
|
March 2021 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Royal Foam Products Nigeria Limited
|
Nigeria
|
West Africa
|
Manufacturing
|
March 2023 |
Active |
Solutions de Transformation Digitale Pvt. Ltd
|
Cameroon
|
Central Africa
|
Communications & IT services
|
March 2024 |
Active |
WACH Holding Limited
|
Ghana
|
West Africa
|
Manufacturing
|
May 2024 |
Active |
WACH Holding Limited
|
Ghana
|
West Africa
|
Manufacturing
|
May 2024 |
Active |
|
Cameroon, Ghana, Nigeria
|
Africa, West Africa
|
Communications & IT services, Consumer - other services, Financial services, Manufacturing
|
Active |
UK Climate Investments LLP
UK Climate Investments (UKCI) is a fund that invests in clean energy and green infrastructure projects across Africa and South Asia. It was created in 2015 as a JV between Macquarie and HM Government.
- Website:
- https://www.greeninvestmentgroup.com/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$222.73m |
East Africa, South Asia, Southern Africa
|
Infrastructure
|
March 2023 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Clean Max Enviro Energy Solutions Private Limited
|
India
|
South Asia
|
Infrastructure
|
May 2019 |
Exited |
H1 Oslo
|
South Africa
|
Southern Africa
|
Infrastructure
|
January 2020 |
Active |
H1 Pele (Etna2)
|
South Africa
|
Southern Africa
|
Infrastructure
|
March 2022 |
Active |
IHS Kenya Green Housing LP (Kijani)
|
Kenya
|
East Africa
|
Infrastructure
|
June 2021 |
Active |
India Sun BV (Lakeside)
|
India
|
South Asia
|
Infrastructure
|
August 2018 |
Active |
Lightsource India Limited
|
United Kingdom
|
Rest of the World
|
Infrastructure
|
December 2023 |
Active |
Revego Africa Energy Limited
|
South Africa
|
Southern Africa
|
Infrastructure
|
December 2018 |
Active |
|
India, Kenya, South Africa, United Kingdom
|
East Africa, South Asia, Southern Africa
|
Infrastructure
|
Active |
Unitary Fund
Arkam Ventures is an early-stage venture capital firm investing in highly scalable, technology-driven companies that are serving the mass market in India.
- Website:
- https://www.arkamvc.com/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$10m |
South Asia
|
Communications & IT services, Financial services, Food & Agriculture, Manufacturing
|
January 2022 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
BestDoc Technology Private Limited
|
India
|
South Asia
|
Communications & IT services
|
September 2020 |
Active |
Binocs Labs Private Limited (Binocs)
|
India
|
South Asia
|
Communications & IT services
|
September 2022 |
Active |
Changejar Technologies Private Limited
|
India
|
South Asia
|
Communications & IT services
|
September 2021 |
Active |
Cusmat Technologies Private Limited
|
India
|
South Asia
|
Communications & IT services
|
December 2022 |
Active |
Draftspotting Technologies Private Limited
|
India
|
South Asia
|
Communications & IT services
|
December 2021 |
Active |
Finnov Private Limited (KreditBee)
|
India
|
South Asia
|
Communications & IT services
|
October 2020 |
Active |
Fourdegreewater Capital Private Limited (WintWealth)
|
India
|
South Asia
|
Communications & IT services
|
December 2021 |
Active |
Greenizon Agritech Consultancy Private Limited
|
India
|
South Asia
|
Communications & IT services
|
August 2020 |
Active |
Intelligent Acumen Technologies Pvt Ltd (Fyno)
|
India
|
South Asia
|
Communications & IT services
|
September 2022 |
Active |
Invact Inc
|
India
|
South Asia
|
Communications & IT services
|
June 2023 |
Active |
Jumbotail Technologies Private Limited
|
India
|
South Asia
|
Communications & IT services
|
August 2020 |
Active |
Karkhana
|
India
|
South Asia
|
Manufacturing
|
December 2023 |
Active |
Leancrop Technology Solutions Private Limited (BharatAgri)
|
India
|
South Asia
|
Food & Agriculture
|
October 2023 |
Active |
Qikwork Services Private Limited (Qikwork)
|
India
|
South Asia
|
Communications & IT services
|
September 2021 |
Active |
Signzy Technologies Private Limited
|
India
|
South Asia
|
Financial services
|
October 2020 |
Active |
Smallcase Technologies Private Limited
|
India
|
South Asia
|
Communications & IT services
|
October 2020 |
Active |
SMPL Technologies Private Limited
|
India
|
South Asia
|
Communications & IT services
|
April 2022 |
Active |
Trential
|
India
|
South Asia
|
Communications & IT services
|
September 2023 |
Active |
|
India
|
South Asia
|
Communications & IT services, Financial services, Food & Agriculture, Manufacturing
|
Active |
Vantage Mezzanine IV Pan African Sub-Fund
Vantage Mezzanine IV Pan African Sub-Fund is managed by Vantage Capital, an experienced mezzanine platform in Africa. The fund offers growth capital in the form of private debt financing to mid-market companies. In doing so, it helps tackle a significant funding gap in markets where the supply of credit from banks is limited.
- Website:
- https://www.vantagecapital.co.za/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$21m |
Africa, East Africa, North Africa, Southern Africa
|
Construction & Real estate, Consumer - Health, Consumer - other services
|
July 2021 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Aquasantec International Limited
|
Kenya, Rwanda, Uganda, Zambia
|
East Africa, Southern Africa
|
Consumer - other services
|
June 2023 |
Active |
Promamec
|
Morocco
|
North Africa
|
Consumer - Health
|
July 2023 |
Active |
Two Rivers
|
Kenya
|
East Africa
|
Construction and real estate
|
June 2024 |
Active |
Two Rivers
|
Kenya
|
East Africa
|
Construction and real estate
|
June 2024 |
Active |
|
Egypt, Morocco, Rwanda
|
Africa, East Africa, North Africa, Southern Africa
|
Construction & Real estate, Consumer - Health, Consumer - other services
|
Active |
Vantage Mezzanine IV Southern African Sub-Fund
Vantage Mezzanine IV Southern African Sub-Fund is managed by Vantage Capital, an experienced mezzanine platform in Africa. The fund offers growth capital in the form of private debt financing to mid-market companies. In doing so, it helps tackle a significant funding gap in markets where the supply of credit from banks is limited.
- Website:
- https://www.vantagecapital.co.za/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$9m |
Africa
|
Financial services
|
July 2021 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Procera Group (Pty) Ltd
|
South Africa
|
Southern Africa
|
Financial services
|
March 2024 |
Active |
Seaton Estates Investment
|
Southern Africa
|
Africa
|
Financial services
|
December 2021 |
Active |
|
South Africa, Southern Africa
|
Africa
|
Financial services
|
Active |
Ventureast proactive Fund II
The VenturEast Proactive Fund II (VPF2) continues the strategy of its predecessor, Proactive Fund I, investing in start-ups and early stage firms that target India’s rapidly expanding consumer market, particularly firms which have a strong technical focus.
- Website:
- http://www.ventureast.net/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$20m |
South Asia
|
Communications & IT services, Consumer - Education, Consumer - Health, Consumer - other services, Financial services, Manufacturing
|
June 2016 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
Acko Technology & Services Pvt Ltd
|
India
|
South Asia
|
Communications & IT services
|
October 2019 |
Active |
AVR Edge Networks Pvt Ltd
|
India
|
South Asia
|
Communications & IT services
|
December 2017 |
Active |
Cron Systems Pvt Ltd
|
India
|
South Asia
|
Communications & IT services
|
April 2021 |
Active |
EMBL Retail Inc (FMAS)
|
India
|
South Asia
|
Communications & IT services
|
September 2016 |
Active |
IncNut Digital Private Limited
|
India
|
South Asia
|
Communications & IT services
|
March 2022 |
Active |
Infinite Uptime
|
India
|
South Asia
|
Manufacturing
|
December 2020 |
Active |
Inthree Access Services Pvt. Ltd. (Boonbox)
|
India
|
South Asia
|
Consumer - other services
|
September 2018 |
Active |
iNurture Education Solutions
|
India
|
South Asia
|
Consumer - Education
|
November 2017 |
Exited |
Iqlect
|
India
|
South Asia
|
Communications & IT services
|
September 2018 |
Active |
Lohum Cleantech Private Limited (Lohum)
|
India
|
South Asia
|
Communications & IT services
|
March 2022 |
Active |
MGH Labs
|
India
|
South Asia
|
Consumer - Health
|
June 2018 |
Active |
MoEngage
|
India
|
South Asia
|
Communications & IT services
|
October 2018 |
Active |
On EMI Technologies (Kissht)
|
India
|
South Asia
|
Financial services
|
December 2017 |
Active |
Oslabs Pte Ltd
|
India
|
South Asia
|
Communications & IT services
|
September 2016 |
Exited |
Patient Focus Private Ltd (eKincare)
|
India
|
South Asia
|
Consumer - Health
|
September 2016 |
Active |
Pitstop (Chatpay Commerce)
|
India
|
South Asia
|
Consumer - other services
|
March 2021 |
Active |
Toch Volume Technologies
|
India
|
South Asia
|
Communications & IT services
|
July 2021 |
Active |
Zipgo Technologies Pvt Ltd
|
India
|
South Asia
|
Consumer - other services
|
September 2016 |
Exited |
|
India
|
South Asia
|
Communications & IT services, Consumer - Education, Consumer - Health, Consumer - other services, Financial services, Manufacturing
|
Active |
Ventures Platform Fund IV
This is a seed-stage venture fund, investing in tech-enabled businesses, predominantly in Nigeria. Its objective is to solve structural challenges in African markets in sectors such as fintech, healthtech, edtech and agtech.
- Website:
- https://www.venturesplatform.com/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$5m |
Africa, West Africa
|
Communications & IT services, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Generalist, Infrastructure, Manufacturing
|
July 2022 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
500 Chow
|
Nigeria
|
West Africa
|
Food & Agriculture
|
September 2022 |
Active |
Catlog
|
Africa
|
Africa
|
Communications & IT services
|
February 2022 |
Active |
Chargel Inc
|
Senegal
|
West Africa
|
Manufacturing
|
June 2022 |
Active |
Copper Brass Inc
|
Nigeria
|
West Africa
|
Communications & IT services
|
June 2024 |
Active |
Copper Brass Inc
|
Nigeria
|
West Africa
|
Communications & IT services
|
June 2024 |
Active |
Credable Group
|
Africa
|
Africa
|
Financial services
|
September 2022 |
Active |
Fez Delivery Co.
|
Nigeria
|
West Africa
|
Consumer - other services
|
March 2023 |
Active |
Fluna
|
Africa
|
Africa
|
Financial services
|
February 2022 |
Active |
Invictus Tech Inc
|
Africa
|
Africa
|
Consumer - other services
|
September 2023 |
Active |
Jinni Pte Ltd
|
Egypt
|
North Africa
|
Manufacturing
|
September 2023 |
Active |
Juice Technology Systems Limited Company
|
Nigeria
|
West Africa
|
Financial services
|
March 2023 |
Active |
Loomo Finance
|
Africa
|
Africa
|
Financial services
|
May 2022 |
Active |
Maad Africa Inc.
|
Senegal
|
West Africa
|
Consumer - other services
|
October 2023 |
Active |
MDaas Global Corp
|
Nigeria
|
West Africa
|
Communications & IT services
|
September 2022 |
Active |
Mecho Autotech
|
Nigeria
|
West Africa
|
Manufacturing
|
June 2023 |
Active |
MyCoverGenius Limited (Nigeria)
|
Nigeria
|
West Africa
|
Financial services
|
September 2022 |
Active |
Notto Inc.
|
Africa
|
Africa
|
Financial services
|
May 2022 |
Active |
Omnibiz (Mplify)
|
Africa
|
Africa
|
Financial services
|
March 2022 |
Active |
PressOne (Deistech Solutions Limited)
|
Nigeria
|
West Africa
|
Communications & IT services
|
February 2022 |
Active |
Raenest Inc.
|
Africa
|
Africa
|
Generalist
|
May 2022 |
Active |
Remedial Health
|
Africa
|
Africa
|
Consumer - Health
|
March 2022 |
Active |
SendMe
|
Africa
|
Africa
|
Food & Agriculture
|
March 2022 |
Active |
Shekel Mobility (Shekel Corporation)
|
Nigeria
|
West Africa
|
Communications & IT services
|
February 2022 |
Active |
Steward Global Technologies Inc.
|
Uganda
|
East Africa
|
Communications & IT services
|
September 2022 |
Exited |
SunFi
|
Nigeria
|
West Africa
|
Infrastructure
|
December 2022 |
Active |
Talstack Inc
|
Africa
|
Africa
|
Generalist
|
March 2023 |
Active |
Tanel Technologies Inc
|
Senegal
|
West Africa
|
Financial services
|
June 2024 |
Active |
Tanel Technologies Inc
|
Senegal
|
West Africa
|
Financial services
|
June 2024 |
Active |
Termii Inc
|
Nigeria
|
West Africa
|
Communications & IT services
|
June 2023 |
Active |
TopUp Mama (Small360, Inc)
|
Africa
|
Africa
|
Consumer - other services
|
February 2022 |
Active |
Union54
|
Africa
|
Africa
|
Communications & IT services
|
January 2022 |
Active |
Vendy Inc.
|
Africa
|
Africa
|
Financial services
|
January 2022 |
Active |
|
Africa, Egypt, Nigeria, Senegal, Uganda
|
Africa, West Africa
|
Communications & IT services, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Generalist, Infrastructure, Manufacturing
|
Active |
Verod Capital Growth Fund III
Verod Fund III is the second fund being raised by Verod Capital to invest in West African SMEs. The fund manager has built a strong investment track record over the last decade and typically invests in consumer goods and services sectors, agribusiness, and financial services, with investment themes centred around regional expansion and import substitution.
- Website:
- http://www.verod.com/
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$20m |
Africa
|
Communications & IT services, Consumer - Health, Consumer - other services, Financial services
|
December 2019 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
i-Fitness Centre Limited
|
Nigeria
|
West Africa
|
Consumer - other services
|
March 2024 |
Active |
ISON Infotel Limited
|
Africa, Ghana, Nigeria
|
Africa, West Africa
|
Communications & IT services
|
March 2024 |
Active |
Medplus Limited
|
Nigeria
|
West Africa
|
Consumer - Health
|
March 2022 |
Active |
Pan-African Towers Limited
|
Nigeria
|
West Africa
|
Communications & IT services
|
October 2023 |
Active |
Prime Pharmacy Ltd
|
Ghana
|
West Africa
|
Consumer - Health
|
June 2024 |
Active |
Prime Pharmacy Ltd
|
Ghana
|
West Africa
|
Consumer - Health
|
June 2024 |
Active |
Tangerine General Insurance Limited
|
Nigeria
|
West Africa
|
Financial services
|
September 2020 |
Active |
|
Africa, Ghana, Nigeria
|
Africa
|
Communications & IT services, Consumer - Health, Consumer - other services, Financial services
|
Active |
Wavemaker Impact Sub-Fund 1
Wavemaker Impact is the first VC climatech venture builder in Southeast Asia, building ‘100×100’ companies that have the potential to reach more than USD 100 million in annual recurring revenue and abate more than 100 megatonnes of GHG emissions at scale.
Investments made by BII into this fund:
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
Investment 01
|
$6m |
Rest of the World
|
Financial services, Food & Agriculture, Infrastructure
|
November 2023 |
Active |
Investments made by this fund into companies:
Investment name |
Country |
Region |
Sector |
Start date |
Status |
BumiBaru Pte. Ltd.
|
Indonesia, Vietnam
|
Rest of the World
|
Food & Agriculture
|
December 2023 |
Active |
GBN Food Solutions Pte Ltd
|
Indonesia
|
Rest of the World
|
Food & Agriculture
|
March 2024 |
Active |
Helios Solar Pte. Ltd.
|
Philippines
|
Rest of the World
|
Infrastructure
|
December 2023 |
Active |
Metroelectro Pty Ltd
|
Australia
|
Rest of the World
|
Infrastructure
|
March 2024 |
Active |
Octayne Green Fuel Pte Ltd
|
Indonesia
|
Rest of the World
|
Infrastructure
|
March 2024 |
Active |
Refy Pte Ltd
|
Singapore
|
Rest of the World
|
Financial services
|
March 2024 |
Active |
RegenX Impact Pte. Ltd.
|
Indonesia, Vietnam
|
Rest of the World
|
Food & Agriculture
|
December 2023 |
Active |
Rize Pte. Ltd.
|
Indonesia, Vietnam
|
Rest of the World
|
Food & Agriculture
|
December 2023 |
Active |
WasteX Pte. Ltd.
|
Philippines
|
Rest of the World
|
Infrastructure
|
December 2023 |
Active |
|
Australia, Indonesia, Philippines, Singapore, Vietnam
|
Rest of the World
|
Financial services, Food & Agriculture, Infrastructure
|
Active |