Participated · Series B · Jul 2026

Fuzu operates an AI-driven platform that helps jobseekers with career guidance, personalised learning and skills development while providing employers with talent acquisition services and labour market insights. Founded in 2015, the company reports more than 7.5 million lifetime users. Management, led by CEO Jussi Hinkkanen, plans to use new capital to enhance the platform and grow the company’s workforce. Fuzu also intends to expand into additional African markets to capture rising demand for digital recruitment and career development services. The company’s recent $3.86M Series B further validates investor interest in its growth trajectory and product-market fit.

Led · Series B · Mar 2026

Co-founded in 2022 and based in Mumbai, Ecofy provides financing for economically sustainable climate initiatives including EVs, rooftop solar systems, energy-efficient equipment, energy storage, e-mobility, waste recycling, and water management. The company serves over 130,000 customers across 26 states and more than 500 cities and has grown assets under management to over Rs 1,400 crore. Ecofy reported revenue from operations rising 4.8X to Rs 93.3 crore in FY25 from Rs 19.19 crore in FY24, while losses increased 15.6% to Rs 42.28 crore. Its loan book is entirely retail, supported by partnerships with more than 100 OEMs and more than 23 banks and financial institutions. After recent fundraises, including the $15 million debt from Mirova and earlier equity from British International Investment, Finnfund, and FMO, the company cites a capital adequacy ratio of approximately 50% as it scales lending for rooftop solar and electric mobility across India.

Led · Debt Financing · Jan 2026

Mufin Green Finance operates a suite of technology-driven lending platforms, including Mufin Pay, Vouchagram India, BimaPay and Hindon Mercantile Limited, to extend credit to segments traditionally overlooked by mainstream banks. Its offerings span insurance-premium financing via BimaPay, salary-advance products aimed at government employees, and other fintech-led credit solutions. The company positions itself around sustainable, inclusive finance and leverages digital tools to improve underwriting and disbursement efficiency. With a multi-platform approach, Mufin Green Finance seeks to deepen wallet share across its ecosystem while maintaining a focus on responsible lending. The newly secured capital will be used to bolster its balance sheet, scale product capabilities and expand market reach, helping accelerate disbursement growth and operational efficiency. Management expects the strengthened capital base to support significant expansion and improved profitability in coming quarters.

Led · Debt Financing · Aug 2025

Poa Internet builds and operates low-cost, high-speed broadband networks aimed at underserved and low-income areas in Kenya. The company partners with Nokia for fibre technology, which provides the backbone for its broadband expansion. Poa has been recognized for an innovative approach to bringing reliable connectivity where it has traditionally been lacking. With new financing from Finnfund, Poa plans to scale its operations and extend its affordable internet service to more Kenyan communities. The company emphasizes digital inclusion to enable access to education, healthcare, financial services, and economic opportunities. Management says the expansion will deepen Poa’s impact and help bridge the digital divide for millions of Kenyans. Poa Internet is a Kenyan ISP that builds fiber and street Wi‑Fi networks serving low- and middle-income neighborhoods and public areas. The company offers unlimited-data monthly plans at about $13 — roughly half the local market rate — and public hotspots charging ~$0.18 for 1 GB. Its service is designed for video-capable speeds (around 4 Mbps) to enable streaming and video calls while keeping per-user prices low. Poa currently serves more than 12,000 homes and small businesses in Nairobi and tens of thousands more users via street Wi‑Fi connections. It targets markets that larger providers often skip and positions itself on affordability and limitless data to deliver a “meaningful internet experience.” The company plans to expand its reach across Kenya first and then progressively into other African countries using the new capital.

Participated · Equity · Dec 2024

Cassava Technologies was spun out of Econet in 2021 as a standalone business for digital services and infrastructure, operating data centers, fiber broadband networks, renewable energy, cloud and cybersecurity units. Its Liquid Intelligent Technologies unit built the terrestrial segment of Google’s Umoja route, and Liquid C2 has partnerships with Google and Anthropic to bring cloud, cybersecurity and generative AI services to African companies. The company’s first African data center has been operational for about a year. Cassava announced $310 million in total funding, of which $220 million is a credit facility for a subsidiary and $90 million is an equity tranche. The equity tranche included investments from Google, the U.S. International Development Finance Corporation (DFC) and Finnfund. Management said the funding will strengthen the balance sheet, drive sustainable profitable growth and support a broader reorganization to expand digital infrastructure and services. The deal and existing partnerships are positioned to help Cassava scale connectivity and cloud offerings across Africa and other key growth markets.