">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Friday, January 22, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

Amadeus Capital Partners Closes $75 Million For Late Stage Ventures & Growth Companies Targeting Africa,Middle East, Asia & Latin America

Milcah Lukhanyu by Milcah Lukhanyu
8 years ago
in Startups
6 min read
0

Related posts

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0

Startup Guide to release of Startup Guide Nairobi

January 21, 2021
0
Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0

About_Us

Amadeus Capital Partners, the technology investor, has held a First Close at $75 million on the Amadeus IV Digital Prosperity Fund to invest in late stage venture and growth companies, predominantly in mature markets, developing online and mobile applications and services targeting Africa, the Middle East, Asia and Latin America.

Other institutional and corporate investors are expected to add to the fund.
South Africa’s MTN Group, is one of the corporate investors in the Amadeus fund, with already over 20 portfolio companies with customers in Asia, Africa and Latin America, including Cambridge Broadband Networks, Edgeware, Celltick and ip.access.

Amadeus Capital partners begun investing online and mobile applications and services relevant to the needs of an emerging middle class of consumers after being approached by MTN.

The two have worked together with a focus on technologies that leap-frog desktop applications and services to those designed specifically for ‘mobile first’ and the technologies and platforms that underpin such services.
Amadeus has identified 19 developing countries with Egypt, Kenya, Nigeria and South Africa as target markets for innovative online and mobile services due to increasing use of mobile services where firms like OLX,  Fundamo and Naspers in Africa have used the mobile first opportunity to build and profitably exit online and mobile services businesses in such markets.

READ  Nigeria's Bloovue Wants To Help Advertisers Connect With Their Audience Everywhere

The firm’s believe the demand for mobile and data services that meet the particular needs of this new group of consumers and the businesses serving them is huge; it is no surprise that eight of the world’s ten largest mobile operators are based in emerging markets and drive their business by exploiting new technologies, such as phone to phone airtime remittances and mobile wallets.
Commenting on the Digital Prosperity Fund, Amadeus CEO Anne Glover says: “This fund builds on our sixteen years of experience in investing in the telecommunications market, but with a new focus on a key driver of technology adoption – mobile usage by the increasingly affluent segments of developing economies. We are delighted to have found in MTN a corporate partner who is knowledgeable, well-connected and at the forefront of innovation in developing markets and we look forward to this partnership attracting the best entrepreneurs in the space, to create globally successful businesses.”
Karel Pienaar, Group Chief Strategy and M&A Officer of MTN, added: “This investment in Amadeus’ new Fund will give us exposure to a range of opportunities in online and mobile applications and services relevant to the needs of the emerging middle class of consumer. Investment in companies that focus on those technologies that leap-frog current applications fits well with MTN’s focus of driving sustainable growth through data services and related opportunities.”

Readers 953

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0
Startups

Startup Guide to release of Startup Guide Nairobi

January 21, 2021
0
Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues
Startups

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0
Startups

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0
Startups

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0
Education

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0
Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021

Startup Guide to release of Startup Guide Nairobi

January 21, 2021

Nokia C1 Plus now available in Kenya for Ksh 9,000

January 21, 2021
kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: