I&P-backed funds invest in OuiCarry and AgroServe
Two funds backed Investisseurs & Partenaires’ impact fund-of-funds, IP Développement II, have recently made investments in Senegal and Burkina Faso. In backing OuiCarry, a Senegalese delivery service operator, Teranga Capital is making its first investment for its €5 million fund, whilst Sinergi Burkhina is adding a second company to its €2.5 million fund’s portfolio.
Teranga Capital is investing €300,000 in equity in OuiCarry in exchange for an undisclosed stake. As part of the deal, Teranga will take two seats on the delivery services company’s board, and will be represented by Olivier Furdelle and Omar Cissé, Teranga Capital’s founder. OuiCarry, which was founded in 2013 by three entrepreneurs, sells its services to both individual and enterprise customers in Senegal and allows them to buy products from international commercial websites.
Sinergi Burkhina is investing €257,000 in a mix of debt and equity in AgroServ, a processor of corn. Of the total invested, €120,000 is being invested as equity but the size of the stake remains undisclosed. Hervé Hien, Sinergi Burkhina’s Managing Director led the deal and Aicha Savadogo, an investment officer with the fund and Yaméogo Rigoberton, an independent nominee will represent Sinergi Burkhina on the AgroServ board.