Techawk

Entrepreneurship, Innovation and Startups News Hub

Apex Logo (new 2021)

Apex Group Expands Relationship With Launch Africa Ventures

Apex Group, a global financial services provider, has expanded its relationship with Launch Africa Ventures, a Pan-African Venture Capital fund, addressing the significant funding gap in the Seed and pre-Series A investment landscape in Africa.

Launch Africa invests capital, time, and expertise into leading B2B and B2B2C early-stage, technology-driven startups with strong management teams and scalable solutions.

Their current portfolio spans 11 countries, and includes co-investments alongside leading regional funds, accelerators and angel investor groups on the continent. By drawing upon diverse global advisory networks and unique access to corporate distribution channels across Africa, Launch Africa seeks to unlock value for their portfolio through strategic partnerships.
 
Apex has been appointed to provide ongoing fund administration and accounting, fiduciary, investor reporting, tax compliance services to support the growth of Launch Africa’s current and future funds.

See also  ZOLA Electric Secures $90m Funding to Expand into New Markets

Apex’s fund administration services ensure the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting underpinned by a range of best in class technologies.

Launch Africa’s partnership with Apex provides the fund with access to the PAXUS software platform, delivering increased efficiency, reduced risk of error, faster valuation, ability to support complex funds and significant cost efficiencies.
 
Santosh K Gujadhur, Managing Director, Mauritius at Apex Group, says: “We are pleased to continue our relationship with Launch Ventures as they successfully fuel entrepreneurial growth and economic empowerment in Africa.

“We continue to operate a strong presence in Mauritius which continues to act as a launchpad for funds wishing to invest in Africa, with a dynamic and established financial services ecosystem to help facilitate funds with ambitions on the continent. Launch Africa share our commitment to building strong, long term relationships with our partners as we look forward to supporting them throughout the lifecycle of their funds and portfolio.”
 
Janade Du Plesiss and Zach George, Co-Founders of Launch Africa Ventures, add: “We believe in implementing a frictionless and efficient investment process and the administration of our funds is no different.

See also  CDC to Boost Digital Infrastructure Across sub-Saharan Africa With Over $50m Investment

“We invest in a few startups each quarter, providing the advice and support to allow their founders to focus on their entrepreneurial pursuits – in turn, our partnership with Apex allows us to focus on our core objectives of driving growth. We value Apex’s flexibility and local expertise and look forward to continuing to work together as we raise further funds.”

Follow me
Editor, Techawkng.com. I am also a freelancer, part-time copywriter and I love solitude. Send us an email-admin@techawkng.com.
Musa Suleiman
Follow me
We would like to make you the first to get all our updates!    OK No thanks