Logistic startup Jetstream closes US$3m funding round lead by Alitheia IDF

GHANA – Jetstream, a logistics startup, has announced that it has closed a funding round of US$3 million with participation from Alitheia IDF, Golden Palm Investments, 4DX Ventures, Lightspeed Venture Partners, Asia Pacific Land, Breyer Labs, and MSA Capital. Jetstream is a tech-enabled logistics company that was founded by Miishe Addy and Solomon Torgbor in 2018 after observing the many challenges that companies faced at the ports with cargoes. Torgbor’s past work experience with Maersk freight forwarding company had exposed him to cargoes waiting for weeks because of errors in…

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Open Society Foundation invests US$10m in women focused fund

AFRICA – Alitheia IDF, a private equity fund, has landed US$10 million from Open Society Foundation, that is owned by American billionaire George Soros.  Alitheia IDF is a joint venture fund between Alitheia Capital, a private equity investment in Nigeria, and IDF Capital in South Africa. It invests in companies that operate in Southern and West Africa that are either women-owned or that focus on supporting women.  Open Society Foundations said in announcement that its Open Society Economic Justice Programme, has committed US$15-million to two women-led investment funds that advance economic and gender…

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