Goodwell Investments B.V., an Amsterdam, Netherlands-based impact investment firm, launched €150M uMunthu II.
The fund will be co-managed by Alithea Capital, the firm’s long-term investment partner based in Lagos, Nigeria. To date, the fund has received €50M in commitments from private investors, family offices and foundations. The capital will be channeled into at least 35 new portfolio companies.
uMunthu II will invest in companies that deliver affordable basic high-quality goods and services to un(der)served populations. The diversified investment portfolio will focus on financial inclusion (35%), food and agriculture (25%), and mobility and logistics (15%), with a secondary focus on healthcare, education and energy.
Goodwell Investments is an impact investment firm focused on inclusive growth in sectors providing basic goods and services and income generation opportunities to underserved communities in Africa and India. The firm provides equity to growth and impact businesses via its teams in Kenya, Nigeria, South Africa and the Netherlands.
To date, the firm’s 35 existing portfolio companies have provided over EUR 2.5 billion worth of financial services to over 30 million households, directly created 35,000 jobs and reach consumers in 47 countries.
FinSMEs
21/11/2022