Growth Capital • Software

Africinvest Invests In Aerobotics

On December 11, 2020, growth capital firm Africinvest invested in software company Aerobotics

Investment Context
  • This is Africinvest’s 4th transaction in the Software sector.
  • This is Africinvest’s 1st transaction in South Africa.

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Investment Summary

Date December 11, 2020
Target Aerobotics
Sector Software
Investor(s) Africinvest
Deal Type Growth Capital

Target Company

Aerobotics

Cape Town, South Africa
Aerobotics develops a machine learning technology using high resolution and multi-dimensional sensing imagery from drones and satellites to provide tree specific insights with information on tree count, size, health and chlorophyll levels. The solution is also able to provide fruit-specific information from high-resolution imagery (fruit detection, size and color), which is critical in predicting yield and ultimately profit. Aerobotics is based in Cape Town, South Africa.
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Investor Overview 1

Investor

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.


Deal Context for Investor #
Overall 39 of 57
Sector: Software 4 of 4
Type: Growth Capital 18 of 20
Country: South Africa 1 of 2
Year: 2020 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Fidelity Bank

Accra, Ghana

Fidelity Bank is a privately-owned bank. Fidelity offers a comprehensive range of innovative products and services in the retail and corporate space, through a steadily growing network of branches and various digital channels. Fidelity Bank was founded in 1998 and is based in Accra, Ghana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Spengler

Aix-en-Provence, France

Spengler is a manufacturer and distributor of medical equipment, including diagnostic instruments, surgical tools, furniture, consumables, and apparel. The group serves hospitals, clinics, and healthcare providers worldwide. Spengler is based in Aix-en-Provence, France.

Buy -

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