Apex expands role with Africa venture capital fund
Global financial services provider Apex Group Ltd. has expanded its relationship with Pan-African Venture Capital fund Launch Africa Ventures, addressing the significant funding gap in the Seed and pre-Series A investment landscape in Africa.
Launch Africa invests capital, time, and expertise into leading B2B and B2B2C early-stage, technology-driven start-ups with strong management teams and scalable solutions.
Their current portfolio spans 11 countries, and includes co-investments alongside leading regional funds, accelerators and angel investor groups on the continent.
By drawing upon diverse global advisory networks and unique access to corporate distribution channels across Africa, Launch Africa seeks to unlock value for their portfolio through strategic partnerships.
Santosh K. Gujadhur, Managing Director, Mauritius at Apex Group, comments: “We are pleased to continue our relationship with Launch Ventures as they successfully fuel entrepreneurial growth and economic empowerment in Africa.
“We continue to operate a strong presence in Mauritius which continues to act as a launch pad for funds wishing to invest in Africa, with a dynamic and established financial services ecosystem to help facilitate funds with ambitions on the continent.
“Launch Africa share our commitment to building strong, long term relationships with our partners as we look forward to supporting them throughout the life cycle of their funds and portfolio.”
Apex has been appointed to provide ongoing fund administration and accounting, fiduciary, investor reporting, tax compliance services to support the growth of Launch Africa’s current and future funds.