Investment
Alitheia IDF invests $2.8M in South Africa’s Health tech startup, Alma Clinic
Alitheia IDF, Africa’s first and largest gender lens fund, has announced a $2.8 million investment in ALMA CLINICS, a technology-enabled private primary healthcare service provider. This funding will support the expansion of ALMA CLINICS from 6 to 35 locations over the next 1.5 to 3 years, aiming to increase annual patient visits from 32,000 in
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Alitheia Capital Shortlisted for Impact Funder of the Year Award and more at the 2024 Africa Impact Investment Awards
Alitheia Capital has been shortlisted for two significant awards at the 2024 Krutham Africa Impact Investment Awards. These nominations reflect Alitheia’s unwavering commitment to driving impactful and sustainable investments across Africa. Last year, Alitheia was shortlisted for the Impact Fund of the Year (2023) award and placed second, making this year its second consecutive year
Alitheia Capital to Sponsor the Global Black Women’s Non-fiction Manuscript Prize
Alitheia Capital proudly announces its sponsorship of the inaugural Global Black Women’s Non-fiction Manuscript Prize, an initiative organised by Cassava Republic Press. The prize, valued at $30,000, is designed to amplify the voices of Black women writers from across Africa and its diasporas. It is the latest iteration in Alitheia’s ongoing efforts to amplify and
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Omniretail and Paga Recognised as Africa’s Fastest Growing Companies 2024
Alitheia Capital portfolio companies, Omniretail and Paga, were listed on the Financial Times (FT) ranking of Africa’s Fastest Growing Companies for 2024. Omniretail, a Nigerian e-commerce firm, was ranked as the fastest-growing company in Africa while Paga, a Nigeria-based fintech company, emerged as number 56 on the list (Paga also made the list in 2023).
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Seamfix secures $4.5 million funding from Alitheia IDF to expand digital ID and credential services across Africa
Seamfix, a global digital identity solutions provider, has secured $4.5 million from Alitheia IDF, a gender lens investing fund, in a private equity funding round to scale the technology infrastructure that underpins its solutions, improve data flow crucial for continental trade and integration, and kickstart the expansion of its digital ID and credential services into
Alitheia Capital Hosts IWD2024 Breakfast Celebrating Women in Manufacturing, Agriculture, and Nutrition (WOMAN)
Lagos, Nigeria. Alitheia Capital hosted an inspiring International Women’s Day (IWD) Breakfast event, themed “Investing in Women in Manufacturing, Agriculture, and Nutrition (WOMAN),” on 12 March 2024 in Victoria Island, Lagos. The event brought together industry leaders, entrepreneurs, investors, and stakeholders to celebrate the contributions of women in these vital sectors. Alitheia is a women-led
Insight: Portfolio Selection in Developing Markets
A new insight article authored by members of our investment team, Moyosore Babalola, Doubra Eghaghe, Oti Ilentamhen, and Yewande Adewusi, explores the strategies the team at Alitheia Capital utilises to identify attractive industries and businesses to invest in and mitigate macro-level risks. The authors note that assets in developing markets present a different risk profile compared to those in developed markets
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