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.”
Someone shares this article with you
▪ 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.”
▪ https://www.africabusinessplus.com/en/802879/tlcom-confirms-its-strategic-shift-towards-africa-with-its-new-71-million-vehicle/
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.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Private Equity
17/02/2023 at 17h32, by Africa Business+
TLcom Capital secures $10.5 million from AfDB for second Tide Africa fund
Venture capital firm, TLcom Capital, led and founded by Maurizio Caio, is targeting a $150 million final...
Private Equity
15/04/2022 at 16h47, by Africa Business+, updated 16/04/2022
Carsten Coesfeld to pursue Africa start-ups as head of Bertelsmann Investments
The German media giant’s venture capital arm recently partnered with Cathay Innovation and TLcom Capital...
Private Equity
03/05/2021 at 15h59, by Africa Business+, updated 04/05/2021
Maurizio Caio’s TLcom Capital prepares a second pan-African fund
Jeune Afrique Business+ understands that the venture capitalist is targeting nearly $150 million for...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.