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Private Equity
FINANCE | Asset/Financial Management
leapfroginvest.com

Investments

53

Portfolio Exits

3

Funds

9

About LeapFrog Investments

LeapFrog is a private equity firm that invests in various sectors across Asia and Africa. It focuses its investments in financial services, healthcare, and other sectors. The company was founded in 2007 and is based in Ebene, Mauritius.

Headquarters Location

The AXIS, 26 Cybercity 2nd Floor

Ebene, 72201,

Mauritius

+44 131 297 7410

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Latest LeapFrog Investments News

LeapFrog secures commitments from Temasek, EIB for $500m Asia-Africa climate strategy

Nov 30, 2023

30 November, 2023 Global impact fund manager LeapFrog Investments has secured commitments from Singapore state investor Temasek and the European Investment Bank (EIB) for its $500 million climate strategy targeting Asia and Africa. Temasek has committed $100 million to the strategy, LeapFrog said in a statement. This is part of the overall $500 million that the state investor had committed, in 2021, to anchor LeapFrog’s future funds. EIB, which is the lending arm of the European Union, has proposed to invest $50 million (46 million euros) to the LeapFrog Asia and Africa Climate Transition Fund, according to its website. The investment is subject to approval from the lender’s governing bodies. The LeapFrog Asia and Africa Climate Transition Fund is a growth equity vehicle that will focus on small- and medium-sized enterprises (SMEs) and mid-caps supporting climate action and environmental sustainability in Asia and Africa, according to EIB. “The fund will contribute to the local private sector development supporting its green transition across different sectors (transport, energy, and environment),” it said on its website. The EIB website states the fund is targeting to raise $600 million, though LeapFrog confirmed to DealStreetAsia that the official target is $500 million. DealStreetAsia had reported exclusively in May this year that LeapFrog is raising a $600-700 million climate fund. London-based LeapFrog announced its $500m climate strategy in July this year at the US-UK Climate Mobilisation Forum in Britain. The strategy will focus on investments in companies that provide green tools and technologies such as 2-wheeler EVs, rooftop solar providers, and smart farming businesses. Both EIB and Temasek are longstanding partners of LeapFrog. EIB’s proposed equity participation in the Asia and Africa Climate Transition Fund would represent its fifth investment with LeapFrog. Earlier, the lender had committed $60 million to LeapFrog’s Emerging Consumer Fund IV , which has a target of $1 billion and plans to hold its final close in February 2024. “The early support of our longstanding partners Temasek and EIB shows that long-term and progressive investors understand the global challenge of tackling climate change holistically,” said Dr Andy Kuper, Founder and CEO, LeapFrog Investments in the statement. LeapFrog’s climate team has built a robust pipeline of green businesses in Africa and emerging Asia to accelerate this green global transition, with initial investments to be announced in 2024, the release added. Its previous funds have already backed successful climate companies such as Sun King, the largest pay-as-you-go solar financier in Africa. LeapFrog primarily targets growth-stage private equity opportunities in emerging Asia and Africa, with India as its biggest market currently, followed by other Southeast Asian economies such as Vietnam, Indonesia, and Thailand. Founded in 2007, it has offices across Asia, Africa, Australia, and the UK. “Our partnership with LeapFrog is one of the core pillars of our impact investing strategy and underscores our belief in the potential of impact investing to unlock capital to build a better, more inclusive, and sustainable world where every generation prospers,” added Benoit Valentin, Head of Impact Investing, Temasek. South Asia, Southeast Asia, and Africa today represent 25% of global climate emissions but could account for as much as 73% of emissions by 2050 without urgent action, LeapFrog said in its statement.

LeapFrog Investments Investments

53 Investments

LeapFrog Investments has made 53 investments. Their latest investment was in Bima Milvik as part of their Private Equity - II on October 10, 2023.

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LeapFrog Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/23/2023

Private Equity - II

Bima Milvik

No

2

9/21/2023

Series B - III

Bolttech

$50M

Yes

3

6/7/2023

Series C - II

HealthifyMe

$25M

No

3

2/14/2023

Series A - II

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$99M

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10

12/16/2022

Series D - II

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$99M

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10

Date

10/23/2023

9/21/2023

6/7/2023

2/14/2023

12/16/2022

Round

Private Equity - II

Series B - III

Series C - II

Series A - II

Series D - II

Company

Bima Milvik

Bolttech

HealthifyMe

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Amount

$50M

$25M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

2

3

3

10

10

LeapFrog Investments Portfolio Exits

3 Portfolio Exits

LeapFrog Investments has 3 portfolio exits. Their latest portfolio exit was Bima Milvik on October 23, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/23/2023

Corporate Majority

$99M

2

10/8/2014

Shareholder Liquidity

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$99M

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10

12/6/2013

Acquired

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$99M

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10

Date

10/23/2023

10/8/2014

12/6/2013

Exit

Corporate Majority

Shareholder Liquidity

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

LeapFrog Investments Acquisitions

6 Acquisitions

LeapFrog Investments acquired 6 companies. Their latest acquisition was Ascent Meditech on July 17, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/17/2018

$99M

Corporate Majority

3

11/23/2016

Debt

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$99M

$99M

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10

11/22/2016

Debt

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$99M

$99M

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10

1/28/2016

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$99M

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10

11/20/2014

Private Equity

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$99M

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10

Date

7/17/2018

11/23/2016

11/22/2016

1/28/2016

11/20/2014

Investment Stage

Debt

Debt

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Corporate Majority

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Sources

3

10

10

10

10

LeapFrog Investments Fund History

9 Fund Histories

LeapFrog Investments has 9 funds, including LeapFrog Emerging Consumer Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/1/2023

LeapFrog Emerging Consumer Fund IV

$110M

3

5/10/2019

LeapFrog Fund III

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$99M

10

5/10/2019

LeafFrog Emerging Fund III

$99M

10

11/3/2016

LeapFrog Investments Healthcare Opportunities

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$99M

10

1/21/2016

LeapFrog Prudential Fund

$99M

10

Closing Date

5/1/2023

5/10/2019

5/10/2019

11/3/2016

1/21/2016

Fund

LeapFrog Emerging Consumer Fund IV

LeapFrog Fund III

LeafFrog Emerging Fund III

LeapFrog Investments Healthcare Opportunities

LeapFrog Prudential Fund

Fund Type

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Status

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Amount

$110M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

LeapFrog Investments Team

3 Team Members

LeapFrog Investments has 3 team members, including , .

Name

Work History

Title

Status

Staph Leavenworth Bakali

Founder

Current

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Name

Staph Leavenworth Bakali

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Work History

Title

Founder

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Status

Current

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