XSML Capital Secures $98.7M in First Close of ARF IV, Expands Reach to Zambia 🇿🇲 💼

XSML Capital Secures $98.7M in First Close of ARF IV, Expands Reach to Zambia 🇿🇲 💼

#venture capital
#consumer markets
#investments
#funding
XSML Capital's latest milestone sees the successful launch of its fourth fund, African Rivers Fund IV (ARF IV), with a significant first close of $98.7 million, signifying a remarkable leap in investor confidence and paving the way for expanded investments in Central and Eastern Africa.

XSML Capital, renowned for its dedication to fostering growth in African SMEs, initiates ARF IV, marking a substantial step towards supporting emerging entrepreneurs and driving sustainable economic development across underserved markets in Africa.


Amidst challenging fundraising environments, XSML Capital's impressive achievement in surpassing the size of its previous fund demonstrates robust investor trust in the potential of African frontier markets and the transformative impact of strategic investments. 🚀📈


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