Investisseurs & Partenaires (I&P), a network of investment funds dedicated to African entrepreneurs, has revealed its intention to develop an impact investment fund dedicated to small and medium-sized firms (SMEs) as well as Guinean startups.
IPDEV 2, a program established by I&P with the goal of building African investment funds to finance very small and medium-sized firms in the local economic fabric, will lead this initiative.
The recently launched Guinean fund “will be the first institutional player in Guinea to offer capital funding and support to high-potential startups and SMEs. The fund will be part of a support system for SMEs and will benefit from synergies with other market actors such as incubators, banks, and other financiers to provide a unique and differentiated offering,” explains the firm.
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This project is part of the IPDEV 2 program’s aim of incubating and supporting ten local investment funds in ten African nations over the next few years. Five funds are presently functioning, and two more are in the process of being closed.
The fund, which will be managed by a team of investors located in Guinea and supported by I&P, will invest in capital and loans to local SMEs for amounts ranging from 50 to 500 million euros, while maintaining a minority shareholder.
It will offer local assistance to entrepreneurs and will concentrate its efforts on SMEs with significant development potential.
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The Guinean vehicle is scheduled to arrive in the third quarter of 2023. I&P hopes to add to this new fund its more than 20 years of expertise investing in Africa, as well as its tools and skills.
Investisseurs Partenaires Guinea startups Investisseurs Partenaires Guinea startups
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh