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LeapFrog Investments Holds Initial Close for Second Fund at US$204M

Emerging markets fund manager LeapFrog Investments held the initial close for its second fund at US$204m. Supporter included MetLife Inc., Prudential (USA), XL Group, Achmea,...

Silvertree Capital Invests in Sunlasses.com.ng and Glamour.com.ng

Silvertree Capital, a Cape Town Africa-focused venture capital investor, invested in two Nigerial e-commerce sites. The companies are: - Sunlasses.com.ng, an e-commerce site which specializes in...

Jumia Raises $35M in Funding

Jumia, an African e-commerce company, raised $35m in funding. Millicom International Cellular S.A., a global telecommunications group, made a follow-on investment and increase its stake...

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