TLcom TIDE Africa
The TIDE Africa Fund is a venture capital fund focusing exclusively on technology enabled services and innovation for Sub Saharan Africa.
Amount
€ 4,367,820.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME fund
The TLcom Technology and Innovation for Developing Economies Africa Fund (the “TIDE Africa Fund”) is a venture capital fund focusing exclusively on technology enabled services and innovation for Sub Saharan Africa (SSA) across all stages of the venture capital cycle. It will make equity investments into fast growth entrepreneurs and enterprises leveraging technology and innovation to serve the SSA market, with either the potential to scale globally, or the ability to profitably serve customers at the base of the economic pyramid, which continue to represent the vast majority of consumer demand in the region and in other developing economies.
Goals
The Fund goals are twofold: (a) To achieve value generation by delivering commercial risk adjusted returns for investors; and (b) To contribute to the social and economic development of SSA by starting and scaling profitable and sustainable companies, and creating jobs and opportunities in the region through market driven investment in technology, innovation and entrepreneurship.
Development impacts
-
Local economic growth
The Fund provides capital funding to innovative companies, both start-ups and scale-ups levels, with the goal to sustain and create jobs in the digital sector.
-
Private sector consolidation/innovation
TIDE Africa fosters innovation and innovative business models, increases access and affordability to key goods and services for low- and middle-income people in SSA, and contributes to find innovative solutions to local problems.
Made possible through this investment
Kobo360
Nigeria
Kobo360 is a technology company that aggregates end-to-end haulage operations to help cargo owners, truck owners, drivers, and cargo recipients to achieve an efficient supply chain framework.
Twiga
Kenya
Since 2014, Twiga has been bridging gaps in food and market security through an organized platform for an efficient, fair, transparent and formal marketplace.
Ajua
Kenya
AJUA (Formerly mSurvey) is Africa's first Integrated Customer Experience company accelerating growth for businesses in Africa.
Read impact and news about this project
Impact Story
Accommodating the ability to speak
01-10-2019
BIO made a USD 5 M equity investment in the TIDE TLcom Africa Fund, a fund of TLCapital.
Ido Sum is a partner of TLCapital. This is his story.
Impact Story
We have a responsibility to develop the continent
12-06-2019
Dr Omobola Johnson is a Partner in the TIDE TLCom Venture Capital Fund
View more of our investments in this region
Investment Companies & Funds
Agri-Vie Fund II
200,000.00
Kenya, South Africa, Uganda, Zambia
21/03/2023
Subsidy
Investment Companies & Funds
Afrigreen Fund
10,000,000.00
Cameroon, Côte d'Ivoire, Ghana, Mali, Nigeria, Senegal
23/02/2023
Equity
Investment Companies & Funds
Adenia Capital IV
150,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda
26/01/2023
Subsidy
Investment Companies & Funds
European Financing Partners S.A.
20,000,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
21/12/2022
Debt
Investment Companies & Funds
Fefisol II
350,000.00
Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda
29/11/2022
Subsidy
Investment Companies & Funds
Phatisa Food Fund 2
240,396.00
Tanzania, Uganda, Zambia
28/11/2022
Subsidy