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Goodwell Investments, an Amsterdam-based investment firm, has launched a USD 60 Mn fund for entrepreneurs in Africa. The fund, which is expected to launch in the second half of this year, will channel money from private investors, family offices, and foundations to fast-growing, scalable small and medium-sized companies.
According to Goodwell investments, a third of the fund will go to financial inclusion startups, a quarter to agriculture startups, and the rest to mobility and other impact sectors like education and healthcare. Current portfolio companies such as Copia, MFS Africa, Good Nature Agro, Tomato Jos, and Nomanini will also receive follow-on funding from the fund.