Call for Proposals for Small and Medium Enterprises in Nigeria

Proshare

Monday, April 12, 2021 / 04:50PM /FraggInvest/Header Image Credit: RealKM

 

FRAGG Investment Management Ltd is pleased to invite proposals from SMEs in Nigeria seeking growth/scale-up funding. In line with its mandate to fill a market gap in the African market, by providing financial resources and technical assistance to multi-sector SMEs in the impact and climate domain, FRAGG will be receiving proposals from qualified SMEs on a rolling basis to provide scale-up capital.

 

Funding Parameters

 

Investment Phase: Post-revenue phase

 

Ticket Sizes: Min - NGN20,000,000 | Max - NGN200,000,000 (possibility of follow-on funding)

 

Funding Instruments: Debt, Equity, Convertible Loans

 

Target Sectors: Agriculture, Financial Inclusion, Healthcare, Education, Affordable Housing, Climate Finance (Renewable Energy, Waste Management, etc.)

 

Fund Priority: * Projects owned/managed by women and youths, and/or projects that target women and youth in its outreach

 

* Projects making use of innovative technology

* Projects with a rural outreach

 

Target Region: Nigeria

 

FRAGG will, in addition to financing, provide tailored support which will include participation on the boards of the companies, support in building a competent and capable management team, mobilization of additional capital from co-investors, development and integration of ESG standards into core business operations, support in development of risk management strategies, product development and market expansion, and integration into the FRAGG Start-Up Network (with its hub in Germany).

 

How to Apply Send an email to smefinance@fragginvest.com  including an investors brief or pitch deck that provides an overview of your business model as well funding needs.



Proshare Nigeria Pvt. Ltd.


 

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