Alitheia IDF fund for women-led African enterprises reaches second close at US$75 million

AFRICA – Alitheia IDF, an SME investment fund for businesses with high-growth in Africa, has reached its second close at US$75 million and will announce its first investments soon.  Alitheia invests in businesses that are majority-owned, majority-run or mainly created to serve women.   “Through these three main criteria, we apply a gender lens to invest in businesses across western and southern Africa,” said Temilade Denton, Impact and ESG manager at Alitheia Capital, to TechCabal.  Alitheia IDF is a joint venture fund established in 2014 between Alitheia Capital, a private equity investment and advisory firm in Nigeria, and IDF Capital in South Africa.  …

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