Lapaire Glasses
Venture Round in 2024
Lapaire Glasses manufactures and sells eyewear and provides eye-care services across Africa, offering prescription eyeglasses, sunglasses and fashion eyewear with lenses and tailored testing. Using technology, it provides free vision tests and affordable eyewear to lower- and middle-income populations through online orders, mobile clinics, free delivery and flexible payment options. The company serves customers in Kenya, Uganda, Ivory Coast, Burkina Faso and Mali, with East African and West African operations headquartered in Nairobi and Abidjan respectively. Founded in 2018 in Nairobi, Lapaire aims to improve access to eye health for millions of Africans who need eyeglasses but cannot afford them.
Afrikamart
Seed Round in 2022
Afrikamart is a West African distribution platform focused on fresh produce, serving as a vital link between producers and customers, including retailers, hotels, and restaurants. The company utilizes digital technology and its expertise in the food value chain to facilitate effective communication regarding pricing, product availability, and market forecasts. Afrikamart organizes comprehensive logistics through a network of transporters, ensuring efficient financial and product flows tailored to various purchasing and payment terms. By leveraging artificial intelligence and innovative algorithms, Afrikamart enhances the efficiency, accessibility, and profitability of agribusiness, enabling farmers to engage in fair trade practices. Additionally, the company is committed to empowering underprivileged women and young people, creating economic opportunities while addressing inefficiencies within the food value chain in West Africa.
Zeepay Ghana Limited is a Ghanaian-owned mobile financial services company that specializes in integrated mobile payment solutions. Headquartered in Accra, Ghana, Zeepay offers a mobile money payment application that facilitates various financial transactions, including mobile money payments, bill payments, airtime top-ups, instant domestic money transfers, and international remittances. The company aims to serve both unbanked and banked populations by providing easy access to financial services and enhancing payment and collection processes. Zeepay operates as an aggregator, consolidating transactions from various players on a single platform and supporting the integration of different payment systems, including banks, merchants, and mobile network operators. Its platform is built on open-source technology, enabling seamless connectivity between mobile wallets, bank accounts, and other financial assets. Additionally, Zeepay offers services such as cash-in and cash-out, peer-to-peer payments, as well as loyalty and campaign management solutions.
Rensource
Venture Round in 2020
Founded in 2015, Rensource offers subscription-based solar power services primarily for consumers and small businesses in Nigeria. The company generates electricity using small solar-hybrid systems installed on-site, providing flexible plans such as Go, Eco, Duplo, and Pro based on customers' energy needs.
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.
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.
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 a company specialized in electrical work, rural electrification, and the supply, installation, and maintenance of electrical and hydraulic equipment across Senegal and West Africa. It offers electrical installation, grid construction, international tendering support, and preventive maintenance to utilities, EPC contractors, and local authorities, delivering reliable and sustainable energy services and supporting economic advancement and community empowerment through 24/7 operational readiness and region-wide energy infrastructure expertise.
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.
AgroServ Industry
Venture Round in 2017
Agroserv Industrie SA is a specialized agro-processing company based in Ouagadougou, Burkina Faso, focused on the production of corn flour and related products. Established in 2008, the company processes 100 tonnes of maize daily, producing a variety of items including corn flour, corn grits, cornmeal, and corn bran. These products are packaged in various sizes, including 5, 15, 20, and 25 kg bags, catering to both human consumption and animal nutrition. Agroserv's offerings include fortified semolina for consumers and corn bran used in livestock and poultry feed, which contributes to unique flavors in the final products. The company aims to meet the demands of the maize sector within Burkina Faso.
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.
Eden Tree
Venture Round in 2015
Eden Tree is a producer and distributor of high-quality fresh vegetables, fruits, and herbs based in Ghana. The company is dedicated to promoting healthy eating habits among the Ghanaian population by offering a diverse range of products, including cabbage, capsicum, and broccoli, alongside various spices. Eden Tree focuses on hygienic packaging and efficient distribution to ensure that consumers have access to fresh and safely packaged food items at competitive prices. Through its commitment to quality and health, Eden Tree aims to enhance the nutritional standards of its community.
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.
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.
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.
Conergies Group
Venture Round in 2012
Conergies Group specializes in designing, engineering, installing, and maintaining air conditioning and industrial cooling systems, with a strong focus on energy efficiency and environmental sustainability. The company serves residential, commercial, and industrial markets in West Africa, offering products such as split inverters, building automation systems with remote monitoring, and air conditioning units. Additionally, Conergies Group provides integrated irrigation solar pumping systems and related spare parts. With over 30 years of operational experience in the region, the company is committed to professionalism, quality service, and ethical conduct, ensuring compliance with local laws and regulations.
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.
Established in 1980, CDS is a corporate citizen that works for everyone's access to water and electricity services. CDS offers optimized solutions via renewable energy, from the stand-alone kit to custom hybrid systems. Through effective collaboration with its partners and customers, and constant concern for the quality and viability of installed systems, CDS carries out sustainable projects. Leader in solar energy in Mauritania, it works on three complementary activities:
Delegation of public services in rural areas
Supply and installation of solar kits for access to water and electricity for household and collective use
Implementation and follow-up of works
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.
Colaser
Venture Round in 2007
Colaser is an ophthalmologic clinic based in Senegal that serves a diverse clientele, including individuals, employees under healthcare programs, retirees, middle-class citizens, and foreign patients. Established with a commitment to quality care, the clinic has maintained steady growth since its inception, conducting approximately 10,000 consultations and 1,400 medical procedures annually. Among these procedures, it specializes in 110 retinal detachments and an equal number of refractive eye surgeries. Colaser has emerged as a leading ophthalmologic center in West Africa, renowned for its advanced equipment and expertise. It provides essential medical services that reduce the need for patients to travel to Europe for diagnostics and treatment, establishing itself as a benchmark for ophthalmological clinics in the region and attracting patients from neighboring countries.
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.