Lateral capital raises $20mln for its first sub-Saharan Africa fund
Tuesday, 28 January 2020 11:42
US-based venture fund Lateral Capital, which operates in sub-Saharan Africa, has achieved a $20 million first close for its fund dedicated to promising startups in the focus region. Called Lateral Investment Partners I Fund, the new facility will support early-stage and growth-stage startups with investment of between $250,000 and $5 million.
The company also announces six new investments in 2020 and a new fundraising later this year. Nigeria, South Africa, Kenya, Uganda, Ghana, Senegal, Rwanda and Côte d'Ivoire are Lateral Capital's main investment markets.
This first closing of Lateral Investment Partners I Fund was led by the investment firm Investmon Corp and involved institutional investors and family offices across the United States, Europe, Africa and the Middle East.
Chamberline Moko
Live News
-
Ecobank Calls Vote on a New $500 Million Bond, With Eyes on a June 2026 Capital Cliff
17:31
-
Sassou-N'Guesso Sworn In for New Term in Congo, Pledges to Accelerate Development
21:02
-
Jet Fuel Price Surge Raises Risk of Flight Suspensions in Nigeria
19:28
-
Togo tops 100 bln CFA francs in 2026 borrowing on regional market
19:13
-
Senegal: Dakar Airport Passenger Traffic Up 2.45% in Q1 2026
19:10
-
Lome Container Terminal revamps customer service with one-stop model
20:41
-
Industrial Gas Demand in Douala Collapses as Prices and Supply Strain Clients
20:20
-
Douala Port Turns to PPP to Rebuild Its Regional Trade Hub at Boscam
20:07
-
Cameroon Looks to Formalize Cross-Border Trade With Digital Freight Platform
19:54
-
Cameroon Overhauls Procurement Strategy to Unlock Weigh Station Upgrades
19:49
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...
Sassou-N'Guesso sworn in for new five-year presidential term Won 94.8% vote; opposition contests election transparency Pledges reforms amid economic...
Nigerian airlines warn of flight suspensions over soaring jet fuel Kerosene prices jump nearly 300%, far above global increases Supply risks, high...
Dakar airport Q1 passengers rise 2.45% to 735,370 Traffic boosted by AFCON; January busiest month Flights fall 4%, freight up 21.4% Senegal’s...
Central African Republic plans fuel corridor via Congo’s Pointe-Noire Project aims to diversify supply beyond Douala route dependence Structural,...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...