Aruwa Capital Management collected $ 35 million for the second funding round

The Equity Equity Equity company based on Lagos, Aruwa Capital Management, has collected $ 35 million in the second funding round.

The company, therefore, has reached 90% of the $ 40 million target for Aruwa Capital Fund II, the second fund.

With a maximum of $ 60 million, gender lens investment companies are thinking of expanding funds to $ 50 million due to high institutional demand.

What is important, supporting funds including organizations that support gender lenses that invest to cover significant funding gaps for African female entrepreneurs.

The funds are made possible by the contribution of the main international development financial institutions and individual investors.

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In collaboration with investors such as the Mastercard Foundation, Visa Foundation, and Bank of Industry of Nigeria, Aruwa’s capital prioritizes companies led by women, concentrates on small and medium companies (UKM) in Ghana and Nigeria, and try to encourage growth through strict impact and thorough tests.

According to the founder and implementing partner of Aruwa Capital, Adewa Okunbo Rhodes, this development shows the confidence in the company’s capacity to conduct an investment thesis.

“Our strategic position is reiterated by our diverse collection of local and international disk,” he said.

Aruwa Capital was founded in 2019 by Adesuwa, and it is specialized in investment in the development of initial stages in companies led or served by women.

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