Lapaire
Venture Round in 2024
Lapaire Glasses Kenya Ltd. is a manufacturer and retailer of eyewear products, including prescription glasses and sunglasses, aimed at making eye care accessible and affordable for the lower and middle-income populations in Africa. Founded in 2018 and headquartered in Nairobi, Kenya, the company utilizes innovative technology to provide free vision tests and a range of eyewear options to the estimated 550 million Africans in need of corrective lenses. Lapaire operates an online shop and offers accommodating services such as 24/7 online chat, mobile clinics for free vision testing, free delivery, and flexible payment plans. In addition to its operations in Kenya, Lapaire serves customers in Uganda, Ivory Coast, Burkina Faso, and Mali, with a commitment to improving eye health and vision across the continent.
StarNews
Seed Round in 2020
StarNews Mobile is a digital platform that specializes in creating, producing, and distributing video content for mobile subscribers, focusing primarily on African creators. Founded in 2017 and headquartered in Santa Monica, California, the company operates in multiple African countries, including Ivory Coast, Cameroon, the Democratic Republic of the Congo, and South Africa. StarNews aims to empower local content creators by offering a subscription-based streaming service that allows them to monetize their digital content effectively. The platform connects these creators with audiences both locally and globally, fostering a sustainable income stream through features such as exclusive content, subscription plans, and pay-as-you-go options. By prioritizing affordability and fair compensation, StarNews seeks to unlock the potential of Africa's creative sector while enhancing access for mass-market consumers.
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.
HaiRun Technology
Venture Round in 2019
HaiRun Technology is a digital services company based in Antananarivo, Madagascar, specializing in the design and development of high-level web, mobile, and server applications. With a workforce of over 60 employees across management, technical, and sales teams, the company has successfully completed more than 20 projects for various large clients. HaiRun Technology is also known for its innovative artificial intelligence platform, "SmartPredict," which became publicly accessible in 2020. The company has a solid reputation in the international market and was recognized as the winner of the "AI for Good 2018" competition organized by France AI and the French Red Cross. By focusing on tailored solutions, HaiRun Technology supports clients in implementing complex IT projects while leveraging new technologies.
APEM PAIQ
Venture Round in 2019
APEM PAIQ is a microfinance institution that focuses on supporting small urban entrepreneurs primarily in Antananarivo and its surrounding areas. The organization provides loans with an average value of 1.2 million MGA and complements its financial offerings with non-financial services, including health insurance and training programs. APEM PAIQ aims to significantly expand its operations, with plans to triple its activity by opening ten additional offices in Antananarivo and neighboring municipalities by 2023. Through these initiatives, the company seeks to enhance the financial and social well-being of its clients, fostering entrepreneurship and economic growth in local communities.
Golden Nuts and Grain
Venture Round in 2018
Golden Nuts and Grain, established in Senegal, is a specialized food processing company. It produces natural juices using locally sourced ingredients like bouye, bissap, and ginger. The company's focus is on creating healthy, delicious beverages that preserve the authentic tastes of Senegalese products while promoting consumers' well-being.
CoinAfrique
Corporate Round in 2018
CoinAfrique is a Senegalese startup founded in 2014 with additional offices in Benin, Ivory Coast, and France. It operates a mobile application for classified advertisements, primarily serving Francophone Africa. The platform facilitates the buying and selling of second-hand goods, connecting users to make quality deals through their phones.
Afribon
Venture Round in 2018
Afribon Ltd is a Kenyan company specializing in the design, production, and marketing of food flavors tailored for the food and beverage processing industry. Founded in 2012 and headquartered in Kikuyu, Kenya, Afribon offers a diverse range of flavor compounds for various applications, including food service, confectionery, baked goods, and dairy products. The company also produces seasonings and dry blends for snacks. With additional offices in Uganda, Cameroon, Rwanda, and Tanzania, Afribon focuses on understanding regional market preferences to create flavors that enhance product development and improve customer experiences for manufacturers. The company assists clients in areas such as recipe adjustment and initial production setup, ensuring a comprehensive approach to flavor formulation.
CoinAfrique
Series A in 2018
CoinAfrique is a Senegalese startup founded in 2014 with additional offices in Benin, Ivory Coast, and France. It operates a mobile application for classified advertisements, primarily serving Francophone Africa. The platform facilitates the buying and selling of second-hand goods, connecting users to make quality deals through their phones.
Chicky
Venture Round in 2018
Chicky is a fast food company based in Antananarivo, Madagascar, specializing in chicken dishes. Founded in 2017 by French entrepreneur Yohann Cattiau, Chicky aims to establish itself as a significant player in the local fast food sector. The company operates three restaurants, with its first location opening in June 2017 in the Behoririka district, followed by a second outlet in Analakely in January 2018, and a third in the Gallery Urbania in October 2018. Chicky offers a variety of fried chicken and other fast food options to its customers, focusing on quality and accessibility to cater to the growing demand for fast food in Madagascar.
clinique procrea
Venture Round in 2018
clinique procrea specializes in the field of reproductive health and is the leader in Côte d'Ivoire for Medically Assisted Reproduction (MPA), a technique that allows people who have difficulty having a child to successfully give birth.
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.
Oui Carry
Seed Round in 2017
OuiCarry is a delivery service based in Senegal that facilitates the purchasing of products from international commercial websites for both individuals and businesses. Customers have the flexibility to select items from a wide range of online retailers, and for those lacking credit cards, OuiCarry offers to make purchases on their behalf. The company prides itself on delivering high-quality services at moderate costs, with expeditions from Europe typically taking less than ten days. Since its inception, OuiCarry has grown its customer base to several thousand and has received recognition for its services, including the Orange FAB prize in 2016 and a finalist position in the Great Entrepreneur Competition organized by the British Council. Alongside its core delivery services, OuiCarry also provides logistics solutions that simplify the export and import of goods, including customs clearance and storage, ensuring efficient transportation without prolonged waiting times for approvals.
COGELEC ENERGY
Venture Round in 2017
COGELEC ENERGY is an engineering firm based in Senegal that focuses on electrical work and rural electrification. The company provides a range of services, including the supply, installation, and maintenance of electrical and hydraulic equipment. COGELEC ENERGY aims to serve commercial clients by facilitating the construction of conventional grid connections, ensuring that these services are delivered at an affordable cost. Through its efforts, the company contributes to improving access to electricity in rural areas, enhancing the overall infrastructure and quality of life for local communities.
Malian Laundry Society
Venture Round in 2017
Malian Laundry Company is a Malian company providing a complete linen maintenance service for hotels in Bamako.The company collects, cleans and delivers flat linen for its customers (bed linen, aprons, sponges, table linen, bath towels, etc.). The company has solid references and counts among its customers the largest hotels in Bamako, notably Azalaï, Radisson and El Farouk.
SENAR Les Délices de Lysa
Venture Round in 2017
SENAR (SENégal Peanut) is a Senegalese family SME located in Dakar specialized in the processing and sale of nut products.
Sahel lab
Venture Round in 2016
Sahel Lab is a Nigerien laboratory that prepares mining samples for exploration actors in the country (uranium, gold) and conducts chemical, hydrologic and environmental analyses for other actors including large NGOs. Sahel-Lab was co-founded by SINERGI in 2009, after the entrepreneur M. Takoubakoye applied for a business plan competition organized by SINERGI in 2008. SINERGI invested €67,000 in Sahel Lab, taking a minority equity position and providing a long-term shareholder’s loan. Sahel-Lab has grown its activity exponentially since 2011. Today, Sahel-Lab is the leading mining laboratory in Niger, accredited ISO 17 025 and realizing 100% of the samples preparation needs of the main players in mining exploration (Gazprom, Global Uranium, etc.). Sahel-Lab has created 18 trained jobs so far and plans to grow additional mining services in the years to come.
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.
Careers and Lime of Mali (CCM)
Venture Round in 2016
Careers and Lime of Mali (CCM) is a Malian company specialized in the production and marketing of quick lime and agricultural lime.
Tincy Boulangerie
Private Equity Round in 2015
Tincy Boulangerie is an industrial bakery that produces and distributes bread to consumers in Cotonou. It distributes its product through a shop, a network of 24 kiosks, more than 50 shopkeepers and professionals from hostelry and restauration sectors. The bakery is launched in 2009. Initially conceived as a simple marketing exercise, the project proved to be a real success. In 2010, the turnover of the bakery exceeded the one of the consulting firm. Gatien Adjaboni is deeply involved in this new activity and has notably launched the National Association of Bakers of Benin, which gathers a dozen of professionals and represents to this day the only union in the sector.
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.
Trianon Homes
Venture Round in 2014
Trianon Homes is a real estate development company based in Libreville, Gabon, specializing in the construction of building and infrastructure projects across Africa. The company operates primarily in key urban centers such as Dakar, Abidjan, Cotonou, Douala, and Libreville. Trianon Homes is committed to high construction standards and meticulous attention to detail throughout all phases of its projects, from site selection to design execution. This focus enables the company to deliver quality developments that meet the specific needs of the local markets in which it operates.
Trianon
Venture Round in 2014
Trianon BTP Gabon ("Trianon") is a construction company created in 2012 by a team of young Gabonese professionals , trained and with a solid professional experience in France. At its creation, Trianon took the challenge to position itself as the missing link in the construction industry in Gabon: a company combining the agility of a small structure (allowing it to recover medium-sized contracts) and The seriousness of a structured group (offering all the guarantees a customer can expect). After a year of activity, Trianon demonstrated the viability of its model. The company generated a turnover of € 1 million during the financial year and imposed itself on public and private clients reputed to be demanding (Société Nationale Immobilière, French Ministry of Defense, French Ministry of Foreign Affairs ).
Voltacars Rental Services
Venture Round in 2014
Voltacars Rental Services Limited is a vehicle rental company founded in 2003 and headquartered in Accra, Ghana. It specializes in long-term rentals of new multi-brand vehicles, including sedans, 4x4s, pick-up trucks, minibuses, small trucks, and utility vehicles, primarily catering to businesses in Ghana, Ivory Coast, and Senegal. The company offers a comprehensive management service for its clients' fleets, which includes all-risk insurance, maintenance, and technical control throughout the rental period, which ranges from 12 to 48 months. Additionally, Voltacars provides a replacement vehicle during maintenance or in the event of an accident, as well as 24/7 telephone support. The company also offers associated services such as drivers, a tracking system, and pan-African insurance, ensuring a premium and customized experience for its clients.
Legeni
Venture Round in 2014
LEGENI is the first private laboratory for geothermic and environmental studies in Niger. These studies (materials and sands tests, environmental impacts studies) are essential for the professionalization of the country construction field. Until 2006, Niger had only one public under-equipped laboratory. Since its creation in 2004, LEGENI took a leading position thanks to the quality of its equipments and services. The company grew quickly mainly due to mineral investments in the north of the country.
Banque de Développement des Comores
Venture Round in 2014
Banque de Développement des Comores, established in 1982 by the Union of the Comoros, the French Agency for Development, and the European Investment Bank, is a development bank focused on fostering economic growth in Comoros. The bank primarily engages in traditional banking activities, emphasizing the financing of investment projects, particularly those aimed at medium-term production. After facing significant challenges, a restructuring initiative in 2008 led to the implementation of a new credit policy, which has since enabled the bank to become profitable and expand its financial portfolio.
Bakou Logistics
Venture Round in 2013
Bakou Logistics S.A. is a logistics service provider based in Bobo-Dioulasso, Burkina Faso, specializing in the West African market. Established in 2006, the company offers a comprehensive range of transport and logistics solutions, including cargo transportation, fleet management, warehousing, and supply chain services. Bakou Logistics focuses on delivering customer-specific logistics tailored to meet the unique needs of its clients, ensuring efficient transportation and distribution. The company emphasizes quality, safety, and durability in its services, supported by advanced technology such as geolocation for tracking trucks and goods. With a commitment to flexibility and responsiveness, Bakou Logistics aims to optimize transport and supply management, enabling businesses to achieve their operational objectives while ensuring prompt delivery and minimal loss rates.
Oxus RDC
Venture Round in 2013
OXUS is a global group of microfinance institutions created in 2005 at the initiative of ACTED, a leading French international NGO. OXUS currently runs 4 affiliated MFIs in Tajikistan, Kyrgyzstan, Afghanistan and the Democratic Republic of Congo. OXUS Development Network (ODN), the services company set up by OXUS, runs the group and provides technical assistance and investment services to the OXUS MFIs and OXUS Holding. ODN is based in Paris, France. Created in 2007 as a financial holding company, OXUS Holding holds the equity shares of OXUS institutions and receives the funds raised for the group.
Carrières du Moungo
Venture Round in 2013
Carrières du Moungo SA is a company based in Douala, Cameroon, specializing in the production and sale of sand and other construction materials. The company operates sand quarries and gravel pits, supplying high-quality raw materials essential for construction projects. Carrières du Moungo distributes a range of products, including sand, crushed gravel, and ready-mix concrete, from its three operating sites, thereby playing a significant role in supporting the construction industry in Cameroon.
Acep Burkina
Venture Round in 2013
ACEP Burkina is a MFI specialized in the financing of micro companies and very small enterprises existing in towns and close suburbs. Granted credits are mainly used to finance required working capital and investments. I&P and ACEP International which are old partners have decided to partner in 2008 to try to start a microfinance institution like ACEP in the country. In spite of a preexisting important mutual fund present in town zone, small entrepreneurs remain hardly linked to microfinance. Besides, it does not exist for the moment in Burkina Faso, a microfinance institution specialized in individual credit with an effective and appropriate technique of credit risk analysis towards very small companies. Financings trough subventions have been secured from the French Agency of Development then an agreement has been obtained from the ministry of finances in June 2012. The microfinance institution has started its activities in October 2012.
Nutrizaza
Venture Round in 2012
Nutrizaza SA, a social company, develops a network of baby restaurants, hotelin-jazakely. The company also sells baby food completing mother’s milk, Koba Aina, to the maximum of families, mainly poor families. The company was founded in 2012 and is based in Madagascar.
ACEP Madagascar
Venture Round in 2012
ACEP Madagascar is a financial institution based in Antananarivo, Madagascar, specializing in microfinance services for small and medium-sized enterprises (SMEs) and micro companies. Established in 2009, it aims to provide essential financial services such as credit, savings, insurance, mutual health benefits, and money transfer services to populations traditionally excluded from the formal financial sector due to their perceived non-solvability. With a network of six regional branches and 42 agencies, ACEP Madagascar is one of the oldest microfinance institutions (MFIs) in the country, playing a significant role in supporting the local economy by making its products accessible to a broad customer base.
Sofamac
Venture Round in 2012
Sofamac SA is a manufacturing company based in Dakar, Senegal, specializing in the production of terracotta tiles and clay bricks. Founded in 2012, Sofamac focuses on creating high-quality clay construction materials for the local market. The company's commitment to producing durable and aesthetically pleasing building products supports the growing construction industry in Senegal. Through its operations, Sofamac contributes to the development of local infrastructure and housing, meeting the demands of both residential and commercial projects.
Delta Irrigation
Venture Round in 2012
Delta Irrigation SA, founded in 2012 and located in Saint-Louis, Senegal, specializes in the design, manufacture, and marketing of hydraulic systems and equipment tailored for the agriculture sector. The company's offerings include a range of products such as pumps, filters, pivot systems, sprinklers, and other tools essential for efficient field irrigation and water treatment. In addition to manufacturing, Delta Irrigation provides installation and maintenance services, as well as education to clients, ensuring the effective and sustainable use of water resources in agricultural practices.
Fides Microfinance Senegal
Venture Round in 2011
Fides Microfinance Senegal is a microfinance institution dedicated to delivering financial services to both urban and rural populations, with a particular focus on northern Senegal. Based in St. Louis, the company offers solidarity and individual loans, savings accounts, insurance, and mobile banking services. Fides has established offices in Luga and Touba, with plans to open new agencies annually in the northern region, where financial services are less prevalent than in Dakar. The institution specializes in supporting micro-entrepreneurs and small agricultural businesses by providing financing for equipment such as motor pumps and irrigation systems. Fides Microfinance Senegal benefits from the expertise of FIDES consultants in developing microfinance operations in rural areas.
CAT Logistics Niger
Venture Round in 2010
CAT LOGISTICS performs customs clearance and freight transport. The company manages goods and shipping from their arrival in one of the sub-regional ports directly to the client. It has subsidiaries in the three coastal countries of the region: Cotonou in Benin, Tema in Ghana and Lome in Togo. CAT LOGISTICS has experienced very rapid growth in business volume since 2008, supported by major contracts including AREVA and the World Food Program (WFP). It operates in a particularly buoyant market with oil and mining large-scale investments. It is the only Nigerian-founded company of this size that remains independent from international firms. In 2013-2014, CAT partnered with the UN for the peace keeping mission in Mali. The company loaded equipment, vehicles and over goods from Abidjan port in Ivory Coast to the Niger River and Gao in Mali.
Duopharm
Venture Round in 2010
Duopharm, established in 2003 as a result of a merger involving nearly 150 Senegalese pharmacists, has emerged as a significant player in the Senegalese pharmaceutical sector. The company specializes in the distribution of pharmaceutical products to private pharmacies and drugstores across Senegal. It employs a proximity marketing strategy, which has enhanced its visibility and effectiveness in a highly competitive market dominated by European multinational corporations. With the pharmaceutical market in Senegal experiencing robust growth—evidenced by a doubling of drugstores since 1999 and an annual market increase of approximately 6%—Duopharm capitalizes on this expansion by promoting its products through mobile and online channels, thereby adapting to the evolving landscape of healthcare spending in the country.
Nomad
Venture Round in 2009
NoMAD (Le Nouveau Modèle Africain de Distribution), imports goods and offers a wholesale self-service to professionals in Benin. Nomad is now the main provider for traditional groceries and local minimarkets. In 2008, Nomad signed a master-franchise agreement with the French distribution group Casino. Since then, it undertakes the brand implementation in local stores in Benin. Nomad found its place in a market shared between family monopoles destined to the upper-class and the expatriates on one hand and informal corner shops on the other.
Carotech Bénin
Venture Round in 2009
CAROTECH Benin produces outside tiles, pavement blocks and other construction cement-based inputs. These are processed without any thermal energy. Carotech’s sector of activity is lifted by a swelling urban expansion in Benin and various state programs to renovate public infrastructures. The products are addressed to a diversified clientele: individuals, public collectivities, private companies.
KAWTAL N DEMRI SA
Venture Round in 2009
Kawtal is an agribusiness company based in Cameroon, specialized in corn production. In 2009, I&P acquired 40% of SAGEX, an agribusiness company producing corn on a fully-mechanized and rationalized processing plant. In 2014, Sagex merged with Kawtal Ndmeri, a neighboring exploitation in order to double the production and start processing baby feeding flours. Though agriculture is a key sector to Cameroon’s economy (up to 40% of the GDP), it suffers from a lack of mechanization and production rationalization which affects its profitability and production volumes. Thus, local corn farming is highly insufficient to cover the current market needs. Cameroon is every year a net corn importer, which implies high costs for local consumers because of transportation and importation costs. Kawtal intends to fill the needs of this local market with a better-mastered production and distribution chain. Kawtal has developed a partnership with the Ministry of Agriculture, so as to enhance the agricultural potential of the region.
PhileoL
Venture Round in 2008
PhileoL is a Malagasy company established in the south of the island where it breeds and transforms ricin seeds into oil. After transformation the oil is exported abroad to be used in cosmetic and industry. Phileol brings at stake a strong social and environmental impact while collaborating with more than 700 families to collect and grow the seeds, ensuring them strong revenue and steady employment while the region remains one of the poorest of the island. With regards to this social project, Phileol has elaborated and signed a Social Code while collaborating with many institutional actors and NGOs like the WWF, the UNPD or else EFA, a local initiative to enhance social improvement in rural areas. Besides, Phileol is also committed in valuating southern rural lands with various projects consisting in clearing and cultivating them.
Saphar
Venture Round in 2006
Saphar, a Nigerian company established in 1999, is the third largest pharmaceutical distributor in the country, after two subsidiaries of international groups. The company supplies the rural and public hospitals in Niger with generics. The project initially aimed to improve the offer in these underserved areas.
Acep Cameroun
Venture Round in 2005
ACEP Cameroun S.A. is a microfinance institution founded in 1999 and based in Douala, Cameroon. Established with the support of the European Union and the Agence Française de Développement, it initially operated as a project under the Ministry of Industrial and Commercial Development before becoming a public limited company in 2005. As the first institution in Francophone Africa to undergo this transformation, ACEP Cameroun focuses on providing microcredit to very small enterprises, public and private officials, retirees, and employees. The institution also serves individuals, business groups, and rural enterprises, primarily in urban areas such as Douala, Yaoundé, and Bafoussam. ACEP Cameroun is part of the ACEP International network, which includes subsidiaries in Senegal and Madagascar, applying proven methods and technologies developed by ACEP Développement across its operations.