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By investing in this fund, Proparco is contributing to supporting companies in Africa.
Client presentation

TLcom Capital is a venture capital fund manager, mainly operating in Africa with experience in Europe, Israel and the USA.

Project description

The investment strategy of TIDE Africa Fund II (TAF II) is in line with the strategy of TIDE Africa Fund (TAF I) in terms of the investment stages (majority seed and Series A), investment themes, ticket sizes and role of lead/ co-lead.

Project impact

The fund will contribute to the development of the venture capital market in Africa and will support the development and growth of about 15 companies, including 12 SMEs and 3 start-ups. By 2026, the fund will contribute to maintaining some 1,000 jobs and creating some 900 jobs in the investee companies. Women are expected to account for about 30% of employment in these companies.
The fund will thereby contribute to the achievement of SDG 8 (“Decent work and economic growth”). 

12/31/2021
Date of signature of the project
South Africa Egypt Kenya Nigeria Multi-country Africa
Location
Financing tool
9 100 000 Euros
Amount of funding
USD 10m Equity Investment
Financing details
Tide Africa Fund II LP
Client
CES