TLG Capital and VC firm Future Africa have partnered to create a USD 25mn venture debt fund that will support select companies from the latter’s portfolio.
Alongside this, the fund will also provide investor introductions, talent acquisition and industry benchmarking among other services.
We have seen access to liquidity become increasingly challenging for founders, and are pleased to reiterate TLG Capital’s commitment to Africa’s early-stage entrepreneurs with Future Africa. Having already engaged with 13 of Future Africa’s founders we see common challenges: businesses contend with large currency devaluations in home markets while raising US Dollar equity
Aum Thacker
Future Africa has 97 portfolio companies across the continent, while TLG Capital has invested in over 30 deals to date and exited over twenty. Thacker joined the firm in 2020 and is building, originating and executing transactions in the growth-equity space.