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
-
Cameroon Completes Buyback of Eneo in a CFA78 Billion Deal with Actis
20:55
-
Cameroon’s Social Housing Program Falls Short of Initial Targets
20:10
-
Cameroon Customs IT Operator Campass Replaces Chairman After Governance Dispute
20:08
-
Cameroon’s Jan 2026 Inflation Eases to 3.1% but Remains Above CEMAC Ceiling
20:06
-
DRC Formalizes Partnership With UNOPS on Infrastructure Cooperation
19:51
-
Namibia and Botswana Sign Deal to Develop Cross-Border Digital Corridor
18:21
-
Egypt Tops 9 GW of Renewables, Lines Up 18 GW More
18:15
-
Interpol Arrests 651 Suspects in Massive African Cybercrime Crackdown
17:48
-
Flextock Secures Funding to Expand On-Demand Warehousing in Saudi Arabia, UAE
17:44
-
Orange Says Digital Shift Boosts Competitiveness for Ivorian Firms
17:40
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...
Industrial, jewelry and silverware demand expected to decline in 2026. Physical investment ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
DRC, UNOPS sign infrastructure cooperation memorandum in Kinshasa Agreement covers development, skills transfer, strategic coordination,...
MTC Namibia and Botswana Fibre Networks (BoFiNet) signed a memorandum of understanding to expand cross-border fibre connectivity. The partnership...
Egypt reached 9.1 GW of installed renewable capacity in fiscal Q2 2025/2026, up from 8.6 GW a year earlier. Solar and wind accounted for more than...
Supreme Court rules 6–3: IEEPA does not authorise the President to impose tariffs. Constitutional principle upheld: taxing power belongs exclusively to...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...
Senegal, Morocco resume talks on film co-production pact Countries seek revised agreement on training, distribution Partnership produced two...