Aruwa Capital raises $35M to back high growth businesses in Ghana and Nigeria

Aruwa Capital Raises 90% of $40m Target for Second Fund, Eyes Upsize Amid Investor Confidence - Innovation Village | Technology, Product Reviews, Business

Aruwa Capital Management, a female-founded and led investment firm based in Lagos, has announced it has raised 90% of its $40 million target for its second fund—Aruwa Capital Fund II—as investor appetite grows for gender-lens and impact-focused investing in Africa. The early-stage growth equity fund manager is doubling down on its strategy to back transformative, high-growth businesses in Nigeria and Ghana, particularly in essential sectors like…

Biola Alabi wants angel investors to be patient for returns

Biola Alabi has seen early-stage investing in African startups from all sides. She began as an angel investor, with her first cheque going to Big Cabal Media, TechCabal’s parent company. She later led angel syndicate deals with other angels before moving into venture capital, investing with firms like Acasia Ventures, and now at Delta 40. Before she began backing African startups, Alabi worked as a regional marketing manager at Bigwords, an Amer…

Aruwa Capital Secures USD 35 M To Scale Gender-Lens Investments In West Africa

Lagos-based Aruwa Capital Management has secured USD 35 M for its second fund, Aruwa Capital Fund II, reaching 90% of its initial USD 40 M target. Now eyeing a final close of USD 50 M with a hard cap at USD 60 M, the firm’s success reflects growing investor appetite for gender-smart, impact-driven private capital strategies in Africa despite a tough fundraising climate. Returning investors like the Mastercard Foundation Africa Growth Fund and Vi…

Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II

Aruwa Capital Management, the Lagos-based early-stage growth firm with over $20 million in Assets Under Management (AUM) has secured $35 million for its second fund, Aruwa Capital Fund II, and is targeting a final close of $50 million, with a hard cap of $60 million. Founded in 2019, Aruwa Capital is one of Africa’s female investor-led firms, specialising in gender-lens investing. Its investment thesis centres on high-growth small and medium-siz…

Aruwa nears fundraising target, eyes upsize

Aruwa Capital Management, a Lagos-based, female-founded and led early-stage growth equity and gender lens investor, has secured 90% of the $40m target for its second fund, Aruwa Capital Fund II, already exceeding the $20m raised for its inaugural fund, which closed in 2022. Fund II has attracted commitments from a mix of returning limited partners, including the Mastercard Foundation Africa Growth Fund (MFAGF) and Visa Foundation, alongside glob…

Nigeria's Aruwa Capital on track to upsize Fund II target after quick fundraising success

Aruwa Capital Management, a Nigerian impact investor founded on the conviction that the gender imbalance amongst capital allocators provides an untapped opportunity for women, is 90% of the way to its target for its second fund. The post Nigeria’s Aruwa Capital on track to upsize Fund II target after quick fundraising success appeared first on AltAssets Private Equity News.