For a breakdown of African fundraising closes, visit our Dealmaker’s Log.
Swedfund, Sweden’s development finance institution, has invested $15 million in the Lightrock Africa Growth Fund II, which backs growth-stage companies across Africa that use technology to expand and improve services.
Lightrock is a global investment platform supporting the growth of technology-enabled companies.
“Many growing businesses in Africa struggle to access the capital needed to expand services that people and small businesses rely on. This investment will help businesses scale solutions in areas such as finance, healthcare and sustainable transport, contributing to job creation and stronger local economies. We also see potential for further private capital mobilisation,” said Helen Hagos, investment director at Swedfund.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Access the latest Dealmaker’s Log here