DealMakers AFRICA

Marylou Greig

Private equity firm SPE Capital, is to make an equity investment of c.US$33 million for the acquisition of a majority stake in Outsourcia, a Moroccan customer experience and business process outsourcing provider. The transaction represents an exit for AfricInvest.

Autochek Africa, the automotive technology company, has acquired KIFAL Auto, Morocco’s leading automotive technology startup for an undisclosed sum. The acquisition will represent the first major expansion of a West Africa-based startup into North Africa and will facilitate effective pan-African collaboration to drive innovation across the continent’s growing automotive market.

Phatisa, a sub-Saharan African private equity fund manager, has sold a minority share in Continental Beverage Company, the Côte d’Ivoire bottler, to majority shareholder pan-African investment firm, Teyliom International, for an undisclosed sum.

Ramco Plexus, an East African company offering a variety of print and packaging solutions, has received regulatory approval to acquire the remaining 50% stake in Platinum Packaging from joint venture partner Carton Manufacturers. Financial details were undisclosed, but market sources estimate the value at Sh500 million.

Zuri Health a Kenya-based health-tech startup offering mobile-based healthcare to the mass-market, has raised US$1,3 million. The funds, raised from DOB Equity, Launch Africa and Founders Factory Africa, will be used to scale the service across Africa.

FlexPlay, a Kenyan online and offline payment gateway that allows merchants to offer interest-free targeted savings to their customers in Africa, has received an undisclosed investment from The Cairo Angels Syndicate Fund. The fund, a micro venture capital fund, invests in post-Seed and pre-Series A startups across the MENA.

Doxx, an Egyptian healthtech startup connecting medical professionals and the wide grouping of healthcare providers, has closed a US$1,5 million seed round led by venture capital firm Openner and Elevate. Funds will be used to increase value-added services.

Bamba, an enterprise software startup based in Nairobi, has secured US$3,2 million in a seed funding round led by 468 Capital with participation from Jigsaw VC and Presight Ventures among others. Fund will be used to scale its app and add capacity to its team.

Nigerian tech platform Topship has raised US$2,5 million in a round led by Flexport with participation from Soma Capital, Starling Ventures, Olive Tree Capital, Capital X and True Capital. The digital freight forwarding startup will use the funds to establish convenient ways for African businesses to globally export and import parcels and cargo for customers, suppliers and distributors.

TopUp Mama, a Kenyan B2B e-commerce startup, has raised US$1,7 million in seed funding to scale is business in the Kenyan and Nigerian markets. TopUp Mama empowers restaurant owners through access to affordable foodstuffs, financial services and data analytics. The round was led by Venture Platform and JAM Fund.

Nigerian fintech startup Bridgecard, has raised US$440,000 in pre-seed funding to expand its user base. The startup combines cards, accounts and fintech wallets into one card and an app, enabling users to conduct online transactions, pay bills and withdraw money from any one of the linked accounts. The funding was raised from ABV funds, Ingressive Capital and Voltron Capital among others.

DealMakers AFRICA is the Continent’s M&A publication
www.dealmakersafrica.com