TLG and Future Africa have launched a $25 million venture debt fund initiative for African startups

[vc_row full_width=”stretch_row” pix_particles_check=”” css=”.vc_custom_1648218350020{padding-top: 80px !important;padding-bottom: 80px !important;background-color: #ffffff !important;}”] As a result of their collaboration, TLG Capital and Future Africa have created a US$25 million venture debt fund, which will be used to invest in firms in the Future Africa portfolio that meet specific criteria.

The two businesses have teamed together to provide entrepreneurs with a program that includes training to improve their comprehension of the many financing choices and best practices.

While TLG Capital is an investment holding firm that focuses on private investment opportunities in SMEs across the capital structure and particularly in the credit arena, Future Africa is an early-stage investor that has made US$10 million in 97 portfolio companies to date.

Companies who meet these criteria will thereafter be qualified to receive finance from TLG Capital.

Strong structured loan models are what Future Africa is known for adopting to quickly and efficiently boost the impact of the businesses it helps. Moove BV is only one of many examples of this type in our repertoire. General partner at Future Africa Mayowa Olugbile stated, “We are excited to work with a financing partner like TLG, an expert in this type of structured finance products, to develop an asset-backed finance business that meets the needs of our rapidly expanding companies in this financing environment.

We have seen how challenging it is for founders to secure funding, so we are happy to reiterate TLG Capital’s dedication to Future Africa’s early-stage business owners. We have already spoken with 13 of Future Africa’s founders, and we have observed several recurring problems. Businesses must, for instance, manage major currency devaluations in their home markets while raising US dollar equity. “We are establishing a portfolio of best-in-class solutions so founders can focus on running and innovating while TLG as a structuring partner helps ensure their enterprises are best suited to respond to macroeconomic problems,” said Aum Thacker, an investor at TLG Capital.

Source: techgistafrica.com

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