Goodwell Investments, an Amsterdam, The Netherlands-based impact investment firm, launched Goodwell V, a €50m impact fund for Africa.
Following on from predecessor funds, Goodwell V aims to channel capital from private investors, family offices and foundations to fast-growing, scalable small and medium-sized companies across Africa.
The fund will build a new portfolio of companies across various sectors in Africa: at least a third will be invested in financial inclusion, a quarter in agriculture, and the remainder in mobility and other impact sectors such as education and healthcare. Goodwell V will also allocate follow-on funding to existing portfolio companies, such as Copia, MFS Africa, Good Nature Agro, Tomato Jos, and Nomanini.
The fund is the cornerstone feeder for a new institutional fund that the company plans to launch in the second half of this year.
The firm’s local teams in Nigeria, Kenya and South Africa have made more than 20 investments across Africa over the last five years. In total, Goodwell Investments has already provided over €150m in funding to 35 inclusive businesses across Asia and Africa over the past 15 years.
FinSMEs
30/04/2021