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Velocity Capital & Progression Africa

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 1
Average round size
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The average size of a deal this fund participated in
$47M
Portfolio companies 1
Lead investments 0
Key employees Soon

Areas of investment

  • Payments
  • Financial Services
Summary

The fund is constantly included in less than 2 deals per year. The high activity for fund was in 2018. The usual things for fund are deals in the range of 10 - 50 millions dollars.

Among the most popular portfolio startups of the fund, we may highlight Cellulant. We can highlight the next thriving fund investment areas, such as Financial Services, Payments. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund.

The typical case for the fund is to invest in rounds with 5 participants. Despite the Velocity Capital & Progression Africa, startups are often financed by XSeed Capital, Western Technology Investment, Velocity Capital Private Equity. The meaningful sponsors for the fund in investment in the same round are The Rise Fund, X/Seed Capital Partners, Western Technology Investment.

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Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Velocity Capital & Progression Africa:
Typical Co-investors
Velocity Capital & Progression Africa is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Velocity Capital & Progression Africa:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Cellulant

Financial Services
Payments
$47M14 May 2018 Nairobi, Nairobi, Kenya

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Total investments 1
Average round size 47M
Peak activity year 2018
Lead investments 0
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Cellulant

Financial Services
Payments
$47M14 May 2018 Nairobi, Nairobi, Kenya
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