British International Investment

Verod Capital Growth Fund III

AfricaGhanaNigeriaAfricaCommunications & IT servicesConsumer - HealthConsumer - other servicesFinancial services

Verod Fund III is the second fund being raised by Verod Capital to invest in West African SMEs. The fund manager has built a strong investment track record over the last decade and typically invests in consumer goods and services sectors, agribusiness, and financial services, with investment themes centred around regional expansion and import substitution.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20m Communications & IT services, Consumer - Health, Consumer - other services, Financial services December 2019 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
DTRT Apparel Ltd Ghana West Africa Consumer - other services June 2019 Active
i-Fitness Centre Limited Nigeria West Africa Consumer - other services December 2019 Exited
i-Fitness Centre Limited Nigeria West Africa Consumer - other services March 2024 Active
ISON Infotel Limited Africa, Ghana, Nigeria Africa, West Africa Communications & IT services March 2024 Active
Medplus Limited Nigeria West Africa Consumer - Health March 2022 Active
Pan-African Towers Limited Nigeria West Africa Communications & IT services October 2023 Active
Tangerine General Insurance Limited Nigeria West Africa Financial services September 2020 Active

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