Teranga Capital closes a USD 3.4 million financing round and enters a new phase in its development

With the aim of expanding its investment missions, Teranga Capital has closed a new fundraising round of 2 billion FCFA (3.4 million USD), out of a total target of between 5 and 6 billion FCFA. The Fonds Souverain d'Investissement Stratégique du Sénégal (FONSIS), Investisseurs & Partenaires through the I&P Développement fund, and founders Olivier Furdelle and Omar Cissé led the round, joined by new individual investors. Teranga Capital completes its fundraising with financing from the Kingdom of the Netherlands through its Challenge Fund for Youth Employment (CFYE) initiative.

→ Read the press release

This increase in resources marks a structuring step in the strengthening of Teranga Capital's intervention capacities. Indeed, after a first phase of successful investment in a dozen companies in Senegal, it reflects the confidence of both historical investors and new partners in the relevance of the pioneering model carried by the company and the contribution of positive impacts for the benefit of its stakeholders.

In a context marked by high expectations from entrepreneurs, this joint mobilization represents a major opportunity to strengthen local ecosystems and build, together, an inclusive and sustainable investment dynamic on a regional scale.

About Teranga Capital 

Teranga Capital is a Senegalese private equity company dedicated to financing and providing strategic support to SMEs and startups with high potential for value creation and impact. It promotes inclusive and sustainable growth, anchored in local environments, in support of the economic development of the regions in which it operates.