Key Takeaways
- • DPI Venture Capital's Nclude Fund has closed with commitments exceeding US$112 million, according to the primary source article.
- • The fintech-focused fund invests in technology companies across Africa and the Middle East, with a stated emphasis on financial inclusion.
- • Nclude has built a portfolio of 15 companies since launch, spanning fintech, fintech-enabled enterprises, and businesses at the intersection of fintech, AI, and emerging technologies.
- • Investment sizes range from US$500,000 to US$10 million, across stages from seed to Series C.
- • The fund is advised by DPI Venture Capital, the venture capital arm of London-headquartered private equity firm Development Partners International.
Summary
The Nclude Fund, a fintech-focused investment vehicle advised by DPI Venture Capital, has closed with commitments exceeding US$112 million, according to the source article. DPI Venture Capital is the venture capital arm of Development Partners International (DPI), a London-headquartered private equity firm focused on high-growth businesses across Africa.
The fund invests in innovative technology companies across Africa and the Middle East, with a particular focus on businesses capable of expanding beyond their home markets and reaching global scale. Nclude provides growth capital and strategic support to help entrepreneurs build companies that can become regional and international leaders in technology and financial services.
Since launch, the fund has assembled a portfolio of 15 companies spanning the fintech ecosystem, fintech-enabled enterprises, and businesses operating at the intersection of financial technology, artificial intelligence and emerging technologies. The fund states that these investments are intended to accelerate digital transformation and expand access to financial services for individuals and businesses in underserved markets.
Nclude uses a flexible strategy, investing at stages from seed-stage startups to Series C growth-stage businesses, with individual investments ranging from US$500,000 to US$10 million.
Ashley Lewis, Managing Partner at DPI Venture Capital, said financial inclusion remains at the core of the fund's mission. Lewis said the fund's size gives the team "the firepower to invest with discipline" and to support founders as they grow from strong local businesses into regional technology leaders. The source article does not disclose the fund's investor base or target fund size.
The fund invests in innovative technology companies across Africa and the Middle East, with a particular focus on businesses capable of expanding beyond their home markets and reaching global scale. Nclude provides growth capital and strategic support to help entrepreneurs build companies that can become regional and international leaders in technology and financial services.
Since launch, the fund has assembled a portfolio of 15 companies spanning the fintech ecosystem, fintech-enabled enterprises, and businesses operating at the intersection of financial technology, artificial intelligence and emerging technologies. The fund states that these investments are intended to accelerate digital transformation and expand access to financial services for individuals and businesses in underserved markets.
Nclude uses a flexible strategy, investing at stages from seed-stage startups to Series C growth-stage businesses, with individual investments ranging from US$500,000 to US$10 million.
Ashley Lewis, Managing Partner at DPI Venture Capital, said financial inclusion remains at the core of the fund's mission. Lewis said the fund's size gives the team "the firepower to invest with discipline" and to support founders as they grow from strong local businesses into regional technology leaders. The source article does not disclose the fund's investor base or target fund size.
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