Transport & Logistics
Newtown Partners backs Imperial Logistics with a $20 million fund

Newtown Partners backs Imperial Logistics with a $20 million fund

The South African logistics giant is looking to invest in start-ups that are likely to revolutionise the sector over the next ten years. Several African markets are among the group’s targets.

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            ▪ Newtown Partners backs Imperial Logistics with a $20 million fund

▪ The South African logistics giant is looking to invest in start-ups that are likely to revolutionise the sector over the next ten years. Several African markets are among the group’s targets.

http://www.jeuneafriquebusinessplus.com/en/803576/newtown-partners-accompagne-imperial-logistics-avec-un-fonds-de-20-millions/

16/03/2020 at 15h32, by Valentin Grille, updated 17/03/2020

Newtown Partners, a venture capital firm based in Cape Town, will manage the fund, which will be fully financed by Imperial. According to information obtained by Jeune Afrique Business + for this report, the financing is expected to be from the seed phase to Series B, with investments ranging from $50,000 to $2m. In line with Newtown’s usual investment strategy, these transactions should be phased on average over seven years.

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