Africa Eats
Africa Eats is a unique style of holding company. It takes 25+ graduates of the Fledge accelerator, takes the equity ownership from Fledge, adds growth capital, and from that creates an institutional-scale investment big enough to go public in Africa by 2024 and London by 2028. The investments into the subsidiaries are minority stakes, empowering the founders to grow their companies. The founders are linked together to learn from each other, mentor each other, and to find synergies to make Africa Eats far more than just a portfolio of unrelated companies. The long term goal is to create a diverse, liquid investment that allows any European, American, or Asian investor an easy vehicle for investing into and across Africa.
There are a plethora of great startups across Africa and far too few investors seeking to invest. By aggregating a collection of these companies, the result is an institutional-scale portfolio that can grow fast enough and big enough for an African IPO in the middle of the 2020s and an IPO in London (or equivalent) well before the end of the 2020s. This path creates a liquid vehicle for future investors to invest in Africa.
Africa Eats is raising sufficient capital to grow the aggregate revenues of its portfolio of 25+ companies by 50% CAGR
30 years
30 years
Accelerator, mentorship
No exit on investments, IPO for our investors’ liquidation