Tag: Acumen Partners

Startup Ed Partners Africa raises US$1.9m funding round to support private schools in Kenya

Frank

KENYA – Startup Ed Partners Africa, a non-banking financial institution serving affordable private schools, has raised US$1.9 million in funding as it bids to improve the quality of education received by learners from low-income communities. Founded in 2018 by Lydia Koros and David FitzHerbert to improve access to affordable, quality education in Africa, Ed Partners provides loans to affordable private schools by bringing access to formal credit to their doorstep.  So far, the company has cumulatively disbursed US$1.5 million to 142 schools reaching out to 41,000 students and now plans to scale…

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Kenya’s SunCulture raises US$14m from EAV to distribute solar powered water pumps

Frank

KENYA – Kenyan start-up SunCulture, a provider of solar water pumps for irrigation, has raised US$14 million from Energy Access Ventures (EAV), Electricité de France (EDF), Acumen Capital Partners (ACP) and Dream Project Incubators (DPI). This funding will be used to disseminate its solutions in seven African countries. The young company has carried out the financial mobilisation which has enabled it to secure US$14 million. The funds were raised from four investors, including Energy Access Ventures (EAV), Electricité de France (EDF), Acumen Capital Partners (ACP) and Dream Project Incubators (DPI).…

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Nigerian agro-processing startup clinches US$4.2m funding in series A round led by Goodwell Investments

Frank

NIGERIA – Tomato Jos, Nigerian agro-processing company focused on the local production of high-quality tomato paste, has completed a EUR 3.9 million (US$4.2m) Series A funding round led by Goodwell Investments, via its West Africa partner Alitheia Capital with participation from Acumen Capital Partners and VestedWorld. Tomato Jos was founded by Mira Mehta in 2014 with the vision to create and retain local value-add to the tomato value chain, reduce post-harvest losses, and improve the lives of smallholder farmers. Since its inception, Tomato Jos has focused on securing its supply chain…

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