We firmly believe that growing, innovative small and medium enterprises (SMEs) represent the greatest opportunity to enable inclusive economic growth.
- SMEs in Africa are typically under-developed and under-funded leaving room for savvy investors to find and develop future sustainable enterprises and corporations.
o Deal Size: From ZAR 100,000 (or $10,000 ex SA) – upwards
o Equity Stake / Investment: 20 – 80%
o Funding Type: Equity / Mezzanine Debt
o Companies must be early stage but post-revenue
Initial Investment Criteria:
o Proven management /founders’ team & concept
o Strong financial track record (if existing venture)
o Target turnover growth +20% per year with ROIC > 25%
o Substantial addressable market
o Scalable through falling marginal costs
o Sustainable advantage/disruptive business model
o Room for deep strategic and operational value add
o Strong ability to have a positive social impact