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Asset/Investment Management
progressioncapitalafrica.com

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Investments

1

About Progression Capital Africa

Progression Capital Africa is the investment manager of PEAMEF, a private equity fund organized under the laws of Mauritius as a ten-year close-ended fund.

Progression Capital Africa Headquarter Location

33, Edith Cavell Street

Port Louis, 11324,

Mauritius

+254 20 444 0787

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Latest Progression Capital Africa News

Cellulant Corporation’s series C equity capital raising

May 30, 2018

DLA Piper Africa has advised leading pan-African fintech service provider, Cellulant Corporation, on its series C equity capital raising from The Rise Fund (TPG’s global impact investment fund), Endeavour Catalyst and Satya Capital. The company’s existing investors include Velocity Capital Private Equity, Progression Capital Africa and TBL Mirror Fund. The transaction is subject to various regulatory notifications and approvals. Cellulant is a leading African mobile commerce company operating a payments ecosystem connecting financial sector customers, Mobile Network Operators and businesses to their increasingly mobile consumers in 11 African countries. The DLA Piper Africa team was led by Corporate Partners Chris Baird (Picture) and David Lekerai, based in London and Nairobi, respectively. Other team members include Alexander Kolmakov (Senior Associate, London), Callum Swanson (Associate, London), Ed Coates (Associate, London), Jesse Dalton (Senior Associate, London), Issa Omar (Associate, Nairobi) and Brian Kagunyi (Associate, Nairobi) as well as DLA Piper Africa offices in each of Mauritius, Zambia, Uganda, Ghana, Mozambique and Botswana.

Progression Capital Africa Investments

1 Investments

Progression Capital Africa has made 1 investments. Their latest investment was in Cellulant as part of their Series C on May 5, 2018.

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Progression Capital Africa Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/14/2018

Series C

Cellulant

$47.5M

Yes

4

Date

5/14/2018

Round

Series C

Company

Cellulant

Amount

$47.5M

New?

Yes

Co-Investors

Sources

4

Progression Capital Africa Team

3 Team Members

Progression Capital Africa has 3 team members, including current Managing Partner, Simon Kariuki.

Name

Work History

Title

Status

Simon Kariuki

Managing Partner

Current

Lydia Koros

Managing Partner

Current

Andrej Machacek

Managing Partner

Current

Name

Simon Kariuki

Lydia Koros

Andrej Machacek

Work History

Title

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

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