Teranga Capital

Teranga Capital is a principal investment firm focused on providing financing solutions to small and medium-sized enterprises (SMEs) in Senegal and Gambia. The firm specializes in start-up, venture capital, and growth capital investments, targeting businesses across various sectors with high growth potential. Teranga Capital invests equity ranging from FCFA 50 million to FCFA 300 million and typically seeks minority stakes in companies with annual sales between $0.1 million and $0.5 million. With a commitment to social responsibility, the firm prefers to support businesses that create positive social or environmental impacts. It usually holds investments for about five years and can also offer financing in the form of loans. Teranga Capital actively engages with its portfolio companies, providing personalized support to enhance management practices, organizational strength, and commercial development. The firm is headquartered in Dakar, Senegal.

Diago Dieye

COO

Past deals in Francophone Africa

Afrikamart

Seed Round in 2022
Afrikamart is a web and mobile based supply chain that allows farmers to distribute their products through a B2B buyers network. We intensively leverage on digital to coach farmers through production programs according to market demand, organize logistics cost efficiently, aggregate and sell their products.

caif

Venture Round in 2019
caif is a provider of training services intended to break down the barriers of hiring by offering appropriate training courses. The company offers professional courses in couture, fashion design, patronage, catering, and hospitality, enabling educated and non-educated youth and women to discover unsuspected skills and achieve their full potential in a chosen occupation.

Golden Nuts and Grain

Venture Round in 2018
Golden Nuts and Grain is a producer of natural juices based in Senegal. The company specializes in food processing, specifically in the production of natural juices made with local products such as bouye, the bissap and ginger that help consumers maintain their health and well-being while enjoying authentic taste and flavors of a natural, healthy and delicious juice.

Oui Carry

Seed Round in 2017
OuiCarry provides delivery services and allows its customers (individuals and businesses) based in Senegal to buy products from international commercial websites. The clients can choose from any commercial website, which gives them access to very wide range of products. For those without credit card, OuiCarry can buy the product online on behalf on the client. OuiCarry currently counts several thousand customers and has made good progress over the last few years. Compared to other alternatives, OuiCarry brings high-quality services at moderate cost and within a relatively short period of time (less than 10 days for an expedition coming from Europe for example) The company was rewarded in 2016 by the Orange FAB prize and has also been the finalist of the “Great Entrepreneur Competition” held by the British Council.