Private equity fund Alitheia IDF announces final closes of its US$100m fund

AFRICA – Alitheia IDF, Africa’s first women-led and women-focused private equity fund, has announced the final close of its US$100 million fund, which it claims is the largest gender-inclusive private equity fund on the continent. The US$100 million close, which Alitheia IDF said makes the fund the largest of its kind in Africa, comes after the European Investment Bank (EIB)…

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Logistic startup Jetstream closes US$3m funding round lead by Alitheia IDF

GHANA – Jetstream, a logistics startup, has announced that it has closed a funding round of US$3 million with participation from Alitheia IDF, Golden Palm Investments, 4DX Ventures, Lightspeed Venture Partners, Asia Pacific Land, Breyer Labs, and MSA Capital. Jetstream is a tech-enabled logistics company that was founded by Miishe Addy and Solomon Torgbor in 2018 after observing the many…

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Open Society Foundation invests US$10m in women focused fund

AFRICA – Alitheia IDF, a private equity fund, has landed US$10 million from Open Society Foundation, that is owned by American billionaire George Soros.  Alitheia IDF is a joint venture fund between Alitheia Capital, a private equity investment in Nigeria, and IDF Capital in South Africa. It invests in companies that operate in Southern and West Africa that are either women-owned or that…

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