Helios Investment Partner — Africa’s biggest private equity firm has plans to fund more companies and startups in Africa public. They plan to invest up to $1.25 billion in Companies based in Africa.
Helios has been a major player when it comes to funding startups. They have invested over $200 million in funding startups and companies in Africa. Helios was the major investor in ‘Zola Electric’ – a Tanzanian electricity startup, in a $55 million funding round in 2018. They also control stakes in Interswitch, Petrobras, Telkom Kenya, Mall For Africa, FCMB, Helios Towers and Vivi Energy.
See also: MEA Investments in Artificial Intelligence to Skyrocket to $530 million by 2022 – IDC
Helios Investment Partners is a private equity investment firm, founded in 2004 by Babatunde Soyoye and Tope Lawani. Headquartered in London, the company operates a range of funds valued at over $3 billion in capital commitments in Kenya and Nigeria.
Helios focuses on startups, growth equity investments, listed companies and even large scale leveraged acquisitions within Africa. They invest in telecommunications, media, financial services, power, utilities, travel, leisure, distribution, fast-moving consumer goods, logistics, and Agro-allied companies.
The proposed funding by Helios will join the likes of Partech and Novastar Ventures in targeting promising African Startups for investment.
More on TechGist Africa:
- MainOne to invest N25 billion in ‘Digital Lagos: Broadband for All’ Project
- South African National Blood Services Unveils Blood Delivery Drone
- Why Africa will suffer if the Trade War between the US and China lingers
- Airtel Africa Confirms Listing on the London Stock Exchange
- Gartner Q1 2019 Report Shows a Global Decline of Smartphones Sales