Fixed Ventures elevating $100m fund for West African investments

Fixed Ventures, part of the Fixed Group, is elevating a US$100 million enterprise capital fund to speculate throughout a spread of expertise startups in West Africa.

The Fixed Group was based in 2006 and at this time contains two divisions – Fixed Capital  and Fixed Ventures – with a mixed whole of 40 professionals. 

Fixed Ventures was established to supply capital to a portfolio of tech-enabled corporations  throughout the fintech, healthcare and logistics sectors. It has so far invested roughly US$3.2 million in 9 corporations and is projecting a 15x return after the subsequent funding spherical.

Its newest fund can have a deal with monetary inclusion, training and healthcare. Investee corporations will initially be situated throughout Nigeria and Ghana, with the fund set to focus on the broader West Africa area.  

The Fixed Ventures fund allows funding both immediately in proficient entrepreneurs and compelling startups throughout West Africa or by its proprietary enterprise studio, which serves as a catalyst to mix best-in-class entrepreneurs, concepts and capital to rapidly construct profitable startups. 

“We’re very excited to be saying this fund at this time. It has been a decade within the making, the results of deep-dive analysis and due diligence in anticipation of this second after we knew that advances in info expertise would allow startups throughout West Africa to  commercially deal with actual societal wants,” mentioned Ike Echeruo, chairman of the Fixed Group and co-founder and managing companion of Fixed  Ventures.

“Know-how was at all times going to supply the reply to so lots of the essential points confronted  by tens of millions of individuals throughout Africa at this time. We at the moment are on the cusp of a paradigm shift with current advances throughout info expertise presenting a novel funding window. We  have checked out what has labored in different geographies. Now, refined and optimised for Africa, we’ve got modelled a fund to put money into companies that can each enhance the lives of tens of millions of  folks and ship excellent returns for buyers.”

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