Newtown Partners backs Imperial Logistics with a $20 million fund

Newtown Partners backs Imperial Logistics with a $20 million fund

The South African logistics giant is looking to invest in start-ups that are likely to revolutionise the sector over the next ten years. Several African markets are among the group’s targets.

Someone shares this article with you
            ▪ Newtown Partners backs Imperial Logistics with a $20 million fund

▪ The South African logistics giant is looking to invest in start-ups that are likely to revolutionise the sector over the next ten years. Several African markets are among the group’s targets.

https://www.africabusinessplus.com/en/803576/newtown-partners-accompagne-imperial-logistics-avec-un-fonds-de-20-millions/

Newtown Partners, a venture capital firm based in Cape Town, will manage the fund, which will be fully financed by Imperial. According to information obtained by Jeune Afrique Business + for this report, the financing is expected to be from the seed phase to Series B, with investments ranging from $50,000 to $2m. In line with Newtown’s usual investment strategy, these transactions should be phased on average over seven years.

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

Advisory

13/07/2021 at 16h26, by Africa Business+, updated 15/07/2021

Webber Wentzel and Clifford Chance assist DP World in $890 million takeover of Imperial Logistics

The Dubai port operator wants to continue its diversification through a takeover of the South African...

Agri-food industry

17/06/2021 at 14h40, by Africa Business+, updated 18/06/2021

Salt Capital sells its stake in Southern African agro logistics company

According to Jeune Afrique Business+ sources, the private equity firm has made a comfortable exit.

New technologies

06/03/2020 at 16h49, by Africa Business+, updated 09/03/2020

 “TerraPay aims to cover the entire continent and up to 200 countries in total” (Cyril Collon, Partech)

Indian mobile services giant Comviva is selling its majority stake in its payment platform TerraPay....

Private Equity

18/12/2019 at 17h08, by Julien Clémençot, updated 19/12/2019

Axian (Hassanein Hiridjee) invests in technology fund blisce/

Malagasy group Axian, co-led by brothers Hassanein and Amin Hiridjee, in mid-October joined the international...

New technologies

09/12/2019 at 19h56, by Aurelie Benoit, updated 10/12/2019

Tidjane Dème (Partech Africa): “we want to keep developing at a strong pace in 2020”

With a portfolio of €125m ($138m), the investment platform for tech and digital startups in Africa plans...

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.