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Overview
| Donor: | Alitheia |
| Application procedure: | Online Application |
| Donor base: | Nigeria |
| Reference number: | - |
| Eligible applicants: | Social Business |
| Deadline: | ongoing |
Financial details
| Grant size: | Medium - up to $1,000,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Equity, Other |
| Maximum grant size: | - |
| Funding ratio: | up to 100% |
Sectors
- Agriculture & Rural Development
- Capacity Building
- Children & Youth
- Economic Development
- Education
- Energy
- Health
- Research, Technology & Innovation
- Water & Sanitation
- Women & Gender
Project Locations
Africa
Ghana, Nigeria
Description
1) Objective
Alitheia IDF is a pioneering private equity fund that identifies, invests in, and grows SMEs led by gender-diverse teams to achieve solid financial returns and tangible social impact for communities in Africa. They invest in sectors that engage a significant percentage of women, either as entrepreneurs, producers, distributors or consumers. Some of these sectors are: agribusiness, consumer goods, health, education, creative industries, and financial and business services. By investing in high performing gender diverse teams they create value in African women and girls, African communities, African productivity, African value addition, and African solutions.
They have 2 different funds:
- Alitheia Identity Fund (AIF): Alitheia IDF is a pioneering $100m gender lens investing fund that provides catalytic capital to high growth SMEs by proactively investing in a diversified portfolio of women-owned, women-led, or women-serving companies in order to generate superior financial returns as well as economic and social impact
- The uMunthu Fund: uMunthu is a pan-African fund investing in SMEs that broaden access in key areas, namely: financial inclusion; digital inclusion; mobility and logistics; energy; healthcare, education, clean drinking water or sanitation facilities for un(der)served groups in society.
2) Eligibility
Eligible are businesses that are leveraging innovative business models to address the needs of the working class in a sustainable manner. They look for early to growth stage companies operating in Nigeria or other West African countries, backed by strong management teams, with high growth potential.
3) Location
Headquartered in Lagos, Nigeria, they have a direct investment presence in Nigeria and Ghana, and collaborate with partners across Southern and Eastern Africa.
4) Budget
No lower and upper budget is provided for investment support.
5) Application
Interested applicants need to fill out the form which is available on their website. An application can be sent anytime throughout the year.