PanAfrican Capital Holdings ‘PAC Holdings’ has established a venture capital fund called The Catalyst to identify and invest in growth to product-expansion stage African companies with compelling business models and market opportunities, as part of its vision to deliver exceptional services in chosen markets and create value for stakeholders.
“The Catalyst Project has been set up to facilitate and finance the delivery of technology enabled solutions, as well as promote African entrepreneurship. Our industries of primary focus are pivotal gears of a digital African economy, and these include finance, education, health, agriculture and logistic,” Toluwalope Oni, the Global Coordinator of The Catalyst, said.
Given current macroeconomic circumstances, the project will focus on sectors which provide the primary underlying trigger for Sustainable Economic Growth in emerging and frontier economies.
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Selected enterprises who succeed will have access to PAC Holdings’ community of strategic investors and mentors, as well as product/service synergies.
“The project’s target is to inject an initial sum of $1,000,000 into ‘growth stage’ businesses that meet its criteria of; a clearly defined minimum viable product, solving a need/gap either on the demand or supply side in Africa, generating revenue enough to cover direct costs, seeking capital to boost expansion required to achieve exponential scale and little or no debt balances in the company’s balance sheet,” the Global coordinator added.
According to the Venture Capital in Africa Report, “90% of all reported VC deals between 2014 and 2020 were in technology-enabled companies operating across a variety of sectors. Financials accounted for the largest share of VC deals by both volume (22%) and value (26%) from 2014–2020, with Information Technology (18%) and Consumer Discretionary (16%) accounting for the second and third largest share of VC deals by volume within the same timeframe.” In a post-covid future, this trend is projected to continue, with more potential for technology solutions appearing.
Catalyst fund PanAfrican Capital Catalyst fund PanAfrican Capital
How To Apply
Visit https://www.TheCatalystAfrica.com
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer