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Debt & Specialty Finance
goodwell.nl

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Investments

27

Funds

6

About Goodwell Investments

Goodwell Investments develops business solutions to social and economic problems for people at the base of the pyramid. The firm's first initiative is in microfinance, where it seeks to improve access to financial services for the unbanked. Affordable microfinance services enable it to build businesses, increase and stabilize their income, and reduce vulnerability.

Goodwell Investments Headquarter Location

Herengracht 201 Sumatralaan 45

Amsterdam, 1016 BE,

Netherlands

(+31) 85 273 7462

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Latest Goodwell Investments News

Amsterdam-based impact investment firm Goodwell Investments launches new €50M fund to back African SMEs

May 4, 2021

Launch of a new fund In a recent development, the firm has announced the launch of a €50M new fund – Goodwell V. This fund’s aim is to channel funds from private investors, family offices, and foundations into fast-growing, scalable small and medium-sized companies. The new Fund is a multi-sector private equity fund focused on inclusive growth and sustainable development in Africa and the cornerstone feeder for a new institutional fund Goodwell plans to launch in the second half of this year. How will the Goodwell V fund be utilised? The fund will constitute a new portfolio of companies in different sectors in Africa. In a statement, the firm confirmed that a minimum of a third of the amount will be invested in financial inclusion, a quarter in agriculture, and remaining in mobility and other impact sectors such as education and health. In addition, Goodwell V will also allocate follow-on funding to its existing portfolio companies such as Copia, MFS Africa, Good Nature Agro, Tomato Jos, and Nomanini. The firm’s local teams in Nigeria, Kenya, and South Africa have made more than 20 investments across Africa over the last five years. Africa to become the fastest-growing economies? Goodwell Investments believes that in recent times, a lot of passionate entrepreneurs have emerged in Africa who are looking to build scalable and innovative business models in order to solve their communities’ social and development challenges. According to the firm, a growing youth population, together with rapid urbanisation and improving business environments across the continent, are contributing to an increase in purchasing power and rising household consumption which is predicted to reach $2.5T by 2030. Besides, the investment in African startups also grew from $400M in 2015 to $2B in 2019, just 2 per cent of global private equity investment reaches the continent. In the current scenario, the funds committed to early and growth-stage startups in Africa is doubling every year; however, it is still merely scratching the surface of the growth potential. Speaking on the development, Goodwell Director of Communications Nico Blaauw says, “We are convinced that businesses led by local entrepreneurs are the key drivers of inclusive growth in Africa. Therefore, the path to inclusive growth in Africa is to support early-stage companies who are best positioned to solve critical challenges in their communities.” Blaauw further adds, “Our portfolio companies are showing average revenue growth of over 50 per cent per annum. They have been able to withstand the perils of the pandemic by doing what they do best: providing access to essential products and services like food, transport, healthcare, and financial services. We are excited to continue the journey.” A brief about Goodwell Investments The firm invests in enterprises that are financially sustainable, scalable and that deliver investors financial returns accompanied by serious social impact. Founded in 2006, Goodwell Investments has teams in Kenya, Nigeria, South Africa and The Netherlands. Goodwell Investments has already provided over €150M in funding to 35 inclusive businesses across Asia and Africa over the past 15 years. Please leave this field empty Want to stay on top of the latest rounds, coolest tech and hottest startups? Subscribe to our free, daily news blast and stay up-to-date! Check your inbox or spam folder to confirm your subscription.

Goodwell Investments Investments

27 Investments

Goodwell Investments has made 27 investments. Their latest investment was in Nomanini as part of their Unattributed on March 3, 2021.

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Goodwell Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/17/2021

Unattributed

Nomanini

$1M

No

1

11/27/2020

Series A

Chicoa

$1.5M

Yes

1

10/1/2020

Series A

Good Nature Agro

$3.28M

Yes

7

5/27/2020

Series A - II

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$99M

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10

5/7/2020

Series A

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$99M

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10

Date

3/17/2021

11/27/2020

10/1/2020

5/27/2020

5/7/2020

Round

Unattributed

Series A

Series A

Series A - II

Series A

Company

Nomanini

Chicoa

Good Nature Agro

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Amount

$1M

$1.5M

$3.28M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

7

10

10

Goodwell Investments Fund History

6 Fund Histories

Goodwell Investments has 6 funds, including uMunthu Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/1/2018

uMunthu Fund

$25M

2

11/1/2014

Goodwell III

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$99M

10

6/1/2013

Goodwell West Africa Microfinance Development Co. I

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$99M

10

uMunthu

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$99M

10

Goodwell V

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$99M

10

Closing Date

2/1/2018

11/1/2014

6/1/2013

Fund

uMunthu Fund

Goodwell III

Goodwell West Africa Microfinance Development Co. I

uMunthu

Goodwell V

Fund Type

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Status

Amount

$25M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Goodwell Investments Team

3 Team Members

Goodwell Investments has 3 team members, including current Founder, Managing Partner, Wim van der.

Name

Work History

Title

Status

Wim van der

Founder, Managing Partner

Current

Wim van der Beek

Founding Partner

Current

Els Boerhof

Managing Partner, Owner

Current

Name

Wim van der

Wim van der Beek

Els Boerhof

Work History

Title

Founder, Managing Partner

Founding Partner

Managing Partner, Owner

Status

Current

Current

Current

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