TLcom confirms its strategic shift towards Africa with a new 71 million $ vehicle
TLcom initially wanted $100 million for the new Tide Africa Fund. “We set a high limit to guarantee that our portfolio would be sufficiently diversified,” explains Maurizio Caio, Founder and Managing Partner, to Jeune Afrique Business+. “It will be feasible with our final closing of $71 million, since we have already invested in six companies and have the resources for six more.”
07/02/2020 at 16h12, by Valentin Grille
Out of these six future investments, three to five will occur in 2020, according to our sources, in addition to new stakes taken in start-ups already featured in the portfolio. TLcom plans to continue its current strategy with tickets ranging from $500,000 to $10 million, from the early to late stage. Maurizio Caio is a little more reserved when it comes to investment outflows, which are “less predictable”, even if nothing is currently expected.
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