SeamlessHR
Series A in 2025
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It specializes in creating enterprise-grade, cloud-based HR solutions designed to automate and optimize the entire HR process for medium to large-sized organizations. The company's comprehensive product suite includes a Recruitment Management System, HR Information System (HRIS), Performance and Competency Management, Payroll Management, Leave Management, and Learning Management System, among other modules. These tools facilitate various HR functions such as recruitment, training, payroll processing, performance evaluation, and analytics, enabling businesses to streamline their human resource operations from recruitment to retirement. Additionally, SeamlessHR provides embedded finance solutions that enhance financial security for both employers and employees.
Zola Electric
Venture Round in 2021
Zola Electric is a provider of off-grid solar solutions focused on the African market, specifically operating in Tanzania, Rwanda, Ghana, and the Ivory Coast. Founded in 2012 and based in Arusha, Tanzania, with an office in San Francisco, the company specializes in renewable energy systems that leverage advanced solar, battery, and power electronics technology. Zola Electric offers solar home kits through a leasing or purchase model, enabling households and businesses to access clean and affordable energy. The company employs a pay-as-you-go micro-finance system that accommodates varying energy needs and income levels, powering over 180,000 homes and businesses. Recognized for its innovative approach, Zola Electric has received several awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and is included in the Global Cleantech 100.
Techniques Science Santé
Acquisition in 2021
Techniques Science Santé is a distributor of high tech medical equipment. For 25 years, T2S has been the leader in the distribution and maintenance of radiology (MRIs, scanners) and radiotherapy equipment (accelerators for oncology) and has today the largest installed base in Morocco. It has since broadened its product range and is now the one stop shop service provider for healthcare projects. It is active in Africa since 2008 and has run projects in Mauritania, Ivory Coast and Mali. The company has revenues of c.m40€ and has 140 employees.
Africell
Debt Financing in 2021
Africell, established in 2001, is a prominent mobile telecommunications operator in Africa, focusing on connecting and empowering local communities in its markets. With a commitment to traditional African values, Africell has become the leading provider in Gambia and Sierra Leone, while also expanding its presence in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. The company offers a range of services, including 2G, 3G, and plans for LTE, catering to the diverse needs of its subscribers. By the end of 2016, Africell had reached a total of 11 million active subscribers across its operations. The company emphasizes community engagement and aims to enhance connectivity across the regions it serves.
Taptap Send
Venture Round in 2020
Taptap Send is a mobile application that facilitates instant money transfers for immigrants sending funds back to Africa at low costs. Launched in the summer of 2018, the platform has successfully processed hundreds of millions of dollars and serves hundreds of thousands of customers. It operates in seven European countries and enables payments to various countries, including Ivory Coast, Senegal, Mali, Ghana, Guinea, Cameroon, Bangladesh, Kenya, Madagascar, Zambia, Vietnam, and the Democratic Republic of the Congo, with plans for further expansion. Taptap Send simplifies the remittance process by allowing users to transfer money directly to mobile money wallets using just a debit card, eliminating the need for physical deposits and saving time for its clients.
Africell
Debt Financing in 2018
Africell, established in 2001, is a prominent mobile telecommunications operator in Africa, focusing on connecting and empowering local communities in its markets. With a commitment to traditional African values, Africell has become the leading provider in Gambia and Sierra Leone, while also expanding its presence in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. The company offers a range of services, including 2G, 3G, and plans for LTE, catering to the diverse needs of its subscribers. By the end of 2016, Africell had reached a total of 11 million active subscribers across its operations. The company emphasizes community engagement and aims to enhance connectivity across the regions it serves.
Starsight
Private Equity Round in 2018
Starsight provides captive power and energy efficiency solutions to commercial, multi-site clients in Nigeria through long-term contracts.
Zola Electric
Series D in 2018
Zola Electric is a provider of off-grid solar solutions focused on the African market, specifically operating in Tanzania, Rwanda, Ghana, and the Ivory Coast. Founded in 2012 and based in Arusha, Tanzania, with an office in San Francisco, the company specializes in renewable energy systems that leverage advanced solar, battery, and power electronics technology. Zola Electric offers solar home kits through a leasing or purchase model, enabling households and businesses to access clean and affordable energy. The company employs a pay-as-you-go micro-finance system that accommodates varying energy needs and income levels, powering over 180,000 homes and businesses. Recognized for its innovative approach, Zola Electric has received several awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and is included in the Global Cleantech 100.
The Quantum Group
Debt Financing in 2017
The Quantum Group, a company based in Ghana with vertically-integrated operations in the transportation and logistics of refined petroleum products.
Zola Electric
Series D in 2016
Zola Electric is a provider of off-grid solar solutions focused on the African market, specifically operating in Tanzania, Rwanda, Ghana, and the Ivory Coast. Founded in 2012 and based in Arusha, Tanzania, with an office in San Francisco, the company specializes in renewable energy systems that leverage advanced solar, battery, and power electronics technology. Zola Electric offers solar home kits through a leasing or purchase model, enabling households and businesses to access clean and affordable energy. The company employs a pay-as-you-go micro-finance system that accommodates varying energy needs and income levels, powering over 180,000 homes and businesses. Recognized for its innovative approach, Zola Electric has received several awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and is included in the Global Cleantech 100.
OVH Energy - Oando Licensee
Private Equity Round in 2016
OVH Energy, is the second largest downstream fuels company in Nigeria.
Telkom Kenya
Acquisition in 2016
Telkom Kenya, established in April 1999, is a prominent telecommunications operator in Kenya, providing a comprehensive range of integrated communication solutions. The company serves individuals, small and medium-sized enterprises, government entities, and large corporations with various services, including voice calling, messaging, and broadband data. With a commitment to delivering uninterrupted network connectivity, Telkom Kenya plays a significant role in the country's information and communications technology sector, catering to millions of customers across its GSM, fixed, and CDMA wireless platforms. As of June 2011, the company had approximately 2.8 million customers, reflecting its extensive reach and influence in the telecommunications market.
The Resort Group
Debt Financing in 2016
The Resort Group is a prominent luxury hotel owner, developer, and operator based in Cape Verde, recognized as the largest private investor in the nation’s history. The company operates five resorts on Sal Island: Melia Dunas, TUI Suneo Dunas, Melia Llana, TUI Blue Llana, and Melia Tortuga, with a significant construction pipeline of 6,500 rooms. Specializing in identifying future touristic hotspots, The Resort Group has successfully completed various projects in prime beachfront locations and has transitioned to direct management of its resorts. Since launching its first project, Melia Tortuga, in 2011, the group has garnered accolades, including the World Travel Awards' Cape Verde Leading Hotel and the TripAdvisor Certificate of Excellence. Melia Dunas, opened in 2014, is the largest resort in Africa and has also received prestigious awards. The group has created nearly 2,000 jobs for locals, significantly impacting Cape Verde's economy, while advancing the vision of its founder, Rob Jarrett, to showcase the country's natural beauty as a world-class tourist destination.
Starzs Investments Company
Debt Financing in 2015
Starzs Investments Company Limited is a prominent indigenous offshore oil and gas services provider based in Nigeria. The company specializes in marine transportation and logistics, catering to both international and local oil companies. Its range of services includes towage, anchoring, and positioning of offshore assets, as well as ship management and maritime security logistics support. By offering a variety of tailored services, Starzs Investments enables its clients to select solutions that best meet their operational needs in the challenging offshore environment.
Africa Oil Corp
Post in 2015
Africa Oil is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 41% equity interest in Africa Energy Corp. Africa Oil's East African holdings are within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 200,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. Several new significant oil discoveries have been announced in the Lokichar basin of Kenya in which the Company holds a 50% interest along with operator Tullow Oil plc. The Company is listed on the TSX and on Nasdaq Stockholm under the symbol "AOI".
Helios Towers Africa
Private Equity Round in 2014
Helios Towers Africa has operations in Ghana, Tanzania, the Democratic Republic of Congo and a sister company in Nigeria. The number of mobile subscribers in Africa has increased from just 16 million people in 2000 to over 500 million today. Based on these growth levels and without an increase in the sharing of telecoms tower facilities, the number of towers in Africa will need to double from the current number of 75,000, a significant environmental impact.
ARM Pension Managers PFA
Private Equity Round in 2014
ARM Pension Managers PFA Limited (“ARM Pensions”), a subsidiary of ARM. ARM Pensions is Nigeria’s largest independent pension fund manager.
Bayport Management
Private Equity Round in 2013
Bayport Management Ltd is a financial services company headquartered in Ebene, Mauritius, with operations extending across several countries, including Botswana, Colombia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda, and Zambia. Established in 2001, the company specializes in offering a range of retail financial products, including personal loans, savings accounts, flexible deposits, and transaction accounts. Additionally, Bayport provides innovative banking solutions such as mobile banking, e-wallets, payment kiosks, and ATM services. The company also offers various insurance products, including credit insurance and plans for education, hospital, and funeral coverage. Bayport Management generates revenue primarily through interest income and administration fees associated with its financial services.
MallforAfrica
Private Equity Round in 2013
MallforAfrica is Africa's larges online mall which enables Africans from 35 countries purchase items from international retailers in the US and UK who do not accept local currency or ship to Africa. Its online platform and payment system gives its users access to over 250 US/UK retailers and over 2 billion products. MallforAfrica was successfully sold with an IP and Platform exit in 2021. MallforAfrica was launched by Chris Folayan in June 2012 and its operations are based in Nigeria
Eland Oil & Gas
Private Equity Round in 2012
Eland Oil & Gas PLC is an independent oil and gas company focused on the exploration, development, and production of oil and gas properties in West Africa, primarily in the Niger Delta region of Nigeria. Founded in 2009 and headquartered in Aberdeen, UK, the company holds interests in the OML 40 license, covering 498 square kilometers, and a 40% interest in the Ubima field, which spans 65 square kilometers in Rivers State. Eland Oil & Gas PLC was acquired by Seplat Petroleum Development Company Plc as of December 17, 2019.
JCDecaux South Africa
Acquisition in 2009
JCDecaux South Africa (Pty) Ltd provides advertising services for marketers across South Africa and Sub-Saharan Africa. Its services include the design and printing of artwork, and the display of outdoor advertising.
Equity Group Holdings
Private Equity Round in 2007
Equity Group Holdings is a financial services provider based in Nairobi, Kenya. It operates primarily through Equity Bank Kenya, which is a licensed commercial bank regulated by the Central Bank of Kenya. Equity Bank Kenya was established in 2014 following a corporate restructure of Equity Group Holdings Limited. The organization offers a range of banking and financial services aimed at various customer segments, contributing to the financial inclusion and economic empowerment of individuals and businesses in the region.
First City Monument Bank
Private Equity Round in 2007
First City Monument Bank, established in 1982 and headquartered in Lagos, Nigeria, is a prominent commercial bank that offers a diverse array of financial services. As part of the FCMB Group, the bank caters to individuals, small and medium enterprises, and large corporations through its personal, business, and corporate banking divisions. Its offerings include loans, savings and current accounts, credit cards, and online banking, facilitating digital transformation in the banking sector. Additionally, First City Monument Bank provides specialized services such as cash management, foreign exchange, corporate finance, and trade services, which encompass financial advisory, capital raising, and infrastructure financing.
HTN Towers
Private Equity Round in 2005
HTN Towers is the first independent tower operator in Africa, established in 2006, with a significant presence in Nigeria. The company manages a diversified portfolio of over 2,000 tower sites, primarily located in urban and suburban areas across 34 of Nigeria's 36 states, with a notable concentration in Lagos and Abuja. HTN Towers specializes in providing passive infrastructure for the telecommunications industry, offering colocation services, distributed antenna systems, and managed services. The company designs, builds, and operates its tower site infrastructure, which includes essential components such as ground space, tower structures, and advanced power management systems to ensure uninterrupted power supply.