AFRICA – PanAfrican Capital Holdings (PAC Holdings) has launched a venture capital fund as part of its vision to deliver exceptional services in chosen markets and create value for stakeholders.

The Catalyst will identify and invest in growth to product-expansion stage African companies with compelling business models and market opportunities

“The Catalyst Project has been set up to facilitate and finance the delivery of technology enabled solutions, as well as promote African entrepreneurship,” Toluwalope Oni, the Global Coordinator of The Catalyst, said.

“Our industries of primary focus are pivotal gears of a digital African economy, and these include finance, education, health, agriculture and logistic.”

Given current macroeconomic circumstances, the project will focus on sectors which provide the primary underlying trigger for Sustainable Economic Growth in emerging and frontier economies.

Selected enterprises who succeed will have access to PAC Holdings’ community of strategic investors and mentors, as well as product/service synergies.

“The project’s target is to inject an initial sum of US$1,000,000 into ‘growth stage’ businesses that meet its criteria of; a clearly defined minimum viable product, solving a need/gap either on the demand or supply side in Africa,” the Global coordinator added.

“Generating revenue enough to cover direct costs, seeking capital to boost expansion required to achieve exponential scale and little or no debt balances in the company’s balance sheet.”

According to the Venture Capital in Africa Report, ‘90% of all reported VC deals between 2014 and 2020 were in technology-enabled companies operating across a variety of sectors.

Financials accounted for the largest share of VC deals by both volume (22%) and value (26%) from 2014–2020, with Information Technology (18%) and Consumer Discretionary (16%) accounting for the second and third largest share of VC deals by volume within the same timeframe.’

In a post-covid future, this trend is projected to continue, with more potential for technology solutions appearing.

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