August Industry News

11 Aug 2022

A collection of news across the African private equity and venture capital industry |

Apis Partners sells Retail Capital stake to mark third exit of 2022 

The UK-based private equity firm Apis Partners said Wednesday its maiden fund, Apis Growth Fund I, has entered into an agreement to sell its ...

Source: The Capital Quest 

Youverify closes US$1.5mn seed round led by Orange DV and LoftyInc AF

Youverify raises $1.5m in a seed round led by Orange Digital Ventures Africa (ODV) and Loftyinc Afropreneurs Fund.

Source: Disrupt Africa

Adevinta sells Gumtree to Impresa Capital

Adevinta ASA has signed an agreement for the sale of Gumtree South Africa (“Gumtree SA”), to Impresa Capital.

Source: Global News Network

Egypt's The Fashion Kingdom raises US$2.6mn seed round

Egyptian curated fashion e-commerce platform The Fashion Kingdom (TFK) has raised a US$2.6 million seed round to accelerate its growth.

Source: Disrupt Africa

FMCG raises US$12mn in series A funding

Startups that solve the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry keep attracting venture capital from investors.

Source: TechCrunch

Kenyan insurtech Lami raises US$3.7mn seed extension

With its API platform gaining ground in the insurance space, the startup is also planning to provide tech solutions that will digitize agents and brokers too, helping them streamline their operations

Source: TechCrunch


Pearl Capital Partners investment in Kamp Group Limited

The fund, alongside Danish investor Gorm Pedersen, has invested in Ugandan pelleted animal feed processing, marketing, and distribution company.

Source: The Capital Quest