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Teranga Capital is a private investment fund established in 2016 in Senegal by a group of entrepreneurs and private stakeholders. The fund addresses the challenges faced by small and medium-sized enterprises (SMEs) in accessing long-term financing and skills development. By focusing on innovative financing solutions, Teranga Capital aims to foster growth and sustainability within the local economy.
Currently, Teranga Capital manages a fund size of $20 million, primarily targeting SMEs in Senegal and The Gambia. The firm has a strong commitment to supporting local businesses, which is reflected in its investment strategy and operational approach. The fund has been instrumental in providing financial support and personalized assistance to various startups, helping them navigate the complexities of the market.
Teranga Capital operates from its office in Dakar, Senegal, and has established a network of local and international stakeholders to enhance its impact. The firm has made significant strides in promoting job creation and financial inclusion within the region, marking notable milestones since its inception.
Teranga Capital invests in startups and SMEs across multiple sectors, including agtech, healthcare, energy, consumer goods, and technology. The fund focuses on seed and seed-plus stages, providing financial support ranging from 50 to 300 million FCFA, which is approximately $100,000 to $600,000. This investment range allows Teranga Capital to engage with a diverse array of businesses that demonstrate strong growth potential.
In addition to financial investment, Teranga Capital emphasizes personalized support and technical assistance for its portfolio companies. The firm seeks to empower entrepreneurs by enhancing their governance and operational capabilities. Teranga Capital's investment strategy is centered on addressing the unique challenges faced by SMEs in Senegal and The Gambia, particularly in terms of access to financing and skills development.
The firm looks for founders who are committed to their vision and demonstrate a clear understanding of their market. Teranga Capital values innovative ideas that can lead to job creation and financial inclusion, aligning with its mission to support sustainable economic growth in the region.
Teranga Capital has built a diverse portfolio of companies across various sectors. Notable portfolio companies include:
Olivier Furdelle: Managing Director with extensive experience in private equity and venture capital. He has led numerous investments in the region and is focused on driving growth for SMEs.
Ibrahima Ba: Director of Operations, responsible for overseeing the operational aspects of the fund and ensuring effective support for portfolio companies.
Adrienne Ndong: Investment Officer with a background in finance and investment analysis, focusing on identifying promising startups for investment.
Berry Ndiaye: Investment Officer who specializes in evaluating business models and market potential for portfolio companies.
Carine Eba: Analyst with expertise in market research and financial modeling, supporting the investment team in due diligence processes.
Cédric Békouin: Project Officer involved in managing specific projects within the portfolio, ensuring alignment with the fund's objectives.
Djiby Ndiaye: Program Officer who coordinates various initiatives aimed at supporting SMEs in the region.
Ingrid Assena: Office Manager responsible for administrative functions and supporting the team in daily operations.
Jean Mermoz Kouakou: Analyst contributing to investment analysis and portfolio management.
Mohamed Ngom: Investment Manager overseeing the investment process and relationship management with portfolio companies.
Myriam Koné: Seed Funding Officer focused on early-stage investments and supporting startups in their growth journey.
Nora Fall BA: Communication Manager responsible for managing external communications and public relations.
Sanou Kane: Financial, Accounting and Administrative Officer overseeing financial operations and compliance.
Thomson Ragouena: Analyst assisting in investment research and analysis.
To pitch to Teranga Capital, startups should submit their proposals via email at info@terangacapital.com. The pitch deck should include a comprehensive business plan, financial projections, and details about the team and market opportunity. Teranga Capital values clarity and conciseness in presentations.
Response times may vary, but founders can generally expect feedback within a few weeks. Warm introductions are preferred, as they can enhance the chances of securing a meeting with the investment team. Startups should ensure that their proposals align with Teranga Capital's investment focus on SMEs in Senegal and The Gambia.
Teranga Capital runs several programs designed to support SMEs in the region:
In March 2023, Teranga Capital announced a new investment in SociumJob, which recently raised funds to accelerate its deployment in Francophone Africa. This investment aligns with the firm's focus on supporting startups that connect global talent with local businesses.
In January 2023, Teranga Capital highlighted its commitment to supporting SMEs in Senegal and The Gambia through its various programs aimed at enhancing access to financing and skills development.
Throughout 2022, Teranga Capital continued to expand its portfolio, adding companies such as Fruitales and Senfrais, which focus on agricultural innovation and renewable energy solutions.
What are Teranga Capital's investment criteria?
Teranga Capital invests in small and medium-sized enterprises (SMEs) across various sectors, including agtech, healthcare, energy, and consumer goods. The firm focuses on businesses at the seed and seed-plus stages, providing financial support ranging from 50 to 300 million FCFA (approximately $100K to $600K).
How can startups apply or pitch to Teranga Capital?
Startups can submit their project proposals via email at info@terangacapital.com. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes Teranga Capital different from other investors?
Teranga Capital distinguishes itself by offering not only financial investment but also personalized support and technical assistance to its portfolio companies. The firm emphasizes building strong relationships with entrepreneurs to help them navigate challenges and scale effectively.
What is Teranga Capital's geographic scope?
Teranga Capital primarily focuses on investments in Senegal and The Gambia, targeting SMEs that contribute to local economic growth and job creation.
What is Teranga Capital's post-investment involvement like?
Teranga Capital provides ongoing support to its portfolio companies, including access to a network of local and international stakeholders, technical assistance, and guidance on governance and operational improvements.
What is the typical check size for investments?
Teranga Capital typically invests between 50 to 300 million FCFA, which translates to approximately $100K to $600K, depending on the specific needs and growth potential of the business.
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