Goodwell Investments launches a Ksh. 6.5 billion fund for entrepreneurs in Africa
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Goodwell Investments has launched a Ksh. 6.5 billion ($60 million) investment fund for entrepreneurs in Africa, dubbed Goodwell V. The fund will channel capital from private investors, family offices and foundations to fast-growing, scalable small and medium-sized companies and is expected to launch in the second half of this year.
Goodwell Investments is based in Amsterdam, Netherlands. It has investments in Copia, MFS Africa, Good Nature Agro, Tomato Jos, and Nomanini
Speaking on the launch, Goodwell Director of Communications Nico Blaauw, said, “We are convinced that businesses led by local entrepreneurs are the key drivers of inclusive growth in Africa. Therefore, the path to inclusive growth in Africa is to support early-stage companies who are best positioned to solve critical challenges in their communities. Our portfolio companies are showing average revenue growth of over 50% per a