Coca-Cola Pledges $1 Billion Investment in Nigeria
Coca-Cola has announced plans to invest $1 billion in its Nigerian operations over the next five years.
September 22, 2024
New Investments
Kenyan Tourism-Focused Venture Studio Purple Elephant Ventures Raises Additional $500,000
Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.
PEV was co-founded by Ben Peterson, formerly a senior partner at AHL Venture Partners; Jan Van der de Willebois, who previously worked in investment banking at Dyer & Blair; and Mikul Shah, known for launching EatOut Africa.
The company is committed to launching three to four new tourism-related startups annually.
The studio focuses on developing tech-driven solutions to help make Africa’s tourism industry more sustainable and better prepared for the challenges of climate change.
The studio focuses on developing tech-driven solutions to help make Africa’s tourism industry more sustainable and better prepared for the challenges of climate change.
The idea is to create scalable businesses that contribute to a more resilient tourism sector on the continent.
After raising $1 million in pre-seed funding in October 2022, PEV followed it up with a $4.5 million seed round in January.
After raising $1 million in pre-seed funding in October 2022, PEV followed it up with a $4.5 million seed round in January.
Key backers in the earlier rounds include Clear Creek Investment B.V, Klister Corp., Playfair Capital’s founder Fede Pirzo-Biroli, Anthony Rock, and Ian McCaig, the former CEO of Lastminute.com.
The latest funding came from Alphatron, a Dutch single-family office under the Alphatron Group. This new capital will help PEV continue building its reputation as a leading tourism-tech venture in Africa.
Ben Peterson, CEO of PEV, expressed appreciation for the investment, calling it a vote of confidence in the future of eco-friendly tourism across Africa.
The latest funding came from Alphatron, a Dutch single-family office under the Alphatron Group. This new capital will help PEV continue building its reputation as a leading tourism-tech venture in Africa.
Ben Peterson, CEO of PEV, expressed appreciation for the investment, calling it a vote of confidence in the future of eco-friendly tourism across Africa.
He noted that Alphatron’s backing supports the studio’s goal of using technology to drive sustainable growth in the sector.
Floris de Kort, director at Alphatron Group, praised PEV’s mission, stating that the studio brings together innovation, market potential, and a strong commitment to environmental responsibility—qualities that align closely with Alphatron’s values.
“This partnership reflects our belief in supporting bold ideas that drive both climate action and economic progress in Africa,” de Kort said.
Floris de Kort, director at Alphatron Group, praised PEV’s mission, stating that the studio brings together innovation, market potential, and a strong commitment to environmental responsibility—qualities that align closely with Alphatron’s values.
“This partnership reflects our belief in supporting bold ideas that drive both climate action and economic progress in Africa,” de Kort said.
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Tunisian AI Startup ClusterLab Secures Pre-Seed Funding Led by Instadeep CEO
ClusterLab, a Tunisian-born artificial intelligence (AI) startup headquartered in the United Arab Emirates (UAE), has secured $600,000 in a pre-seed funding round.
March 24, 2024
Mtor Secures $2.8 Million Pre-Seed Funding to Revolutionize Egypt’s Automotive Aftermarket Industry
Egyptian online auto parts marketplace Mtor has secured $2.8 million in pre-seed funding, led by venture capital firm Algebra Ventures, with participation from notable investors, including Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and several prominent local and global angel investors.
December 6, 2023
