Apex expands role with African venture capital fund – The Royal Gazette

by MMC
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Updated: September 2, 2021 at 12:57 p.m.

Global financial services provider Apex Group Ltd. has expanded its relationship with pan-African venture capital fund Launch Africa Ventures, filling the significant funding gap in Africa’s seed and pre-Series A investment landscape.

Launch Africa invests capital, time and expertise in early-stage, technology-driven B2B and B2B2C start-ups with strong management teams and scalable solutions.

Their current portfolio spans 11 countries and includes co-investments alongside the continent’s leading regional funds, accelerators and angel groups.

Leveraging diverse global advisory networks and unique access to corporate distribution channels across Africa, Launch Africa seeks to unlock value for its portfolio through strategic partnerships.

Santosh K. Gujadhur, Managing Director for 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 have a strong presence in Mauritius, which continues to serve as a launchpad for funds looking to invest in Africa, with a vibrant and established financial services ecosystem to help facilitate funds with ambitions on the continent.

“Launch Africa shares our commitment to building strong, long-term relationships with our partners and we look forward to supporting them throughout the lifecycle of their funds and portfolio. »

Apex has been appointed to provide ongoing fund administration and accounting, trustee, investor reporting and tax compliance services to support the growth of Launch Africa’s current and future funds.

Global financial services provider, Apex Group Ltd., expands relationship with pan-African venture capital fund Launch Africa Ventures

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