Aruwa Capital Raises $35m, Hits 90% of Fund Target at Second Close

Aruwa Capital Raises $35m, Hits 90% of Fund Target at Second Close

Aruwa Capital Management, has raised $35 million of it's $40 target for it's second fund which will continue to back female entrepreneurs.

Nigerian Investment Firm Aruwa Capital Management Raises $35M to Back Businesses in Africa

Aruwa Capital Management, a female-led private equity firm, has closed $35M for its gender-focused Fund II to expand its investments across Nigeria and Ghana. The fund attracted investments from the Mastercard Foundation Africa Growth Fund (MFAGF), Visa Foundation, Bank of Industry, British International Investment (BII), EDFI Management Company, and others. The new fund will enable Aruwa Capital to expand its proven investment strategy, backing…