In 2020, we worked with over 1,000 entrepreneurs and or businesses to help them grow. From this work, we have compiled opportunities that are investable across sectors, stages and instruments. For some of these opportunities, we were able to identify co-investment partners. Like everyone else, we have been impacted by Covid19 which meant we had to adapt our ways of working to ensure we continued to deliver amidst the challenges. We sought to understand the impact of Covid19 on our immediate market through our Ortus Africa Capital Business Relief Survey and this shaped some of our interventions, including a corona virus response centre. We launched The 97 Covid Relief Fund, together with partners, which was announced in August 2020 and has been able to make 10 investments to date. In the process, we received requests for funding and support from 300+ entrepreneurs and businesses across a range of sectors, including those worst hit by Covid19 with some identified as resilient and key to a post Covid19 world. Please reach out if you are an entrepreneur or business seeking funding and support.
In an effort to identify the most attractive opportunities for impactful capital, we have continued to find, screen, compile and invest in entrepreneurs and businesses. This has allowed us to build a pipeline, representing at least $10m worth of investment opportunities, which will be updated and will continue to grow. To discuss some of these opportunities please reach out through our contact us page.
We spent 2020 creating and piloting some of the vehicles we shall be using to channel capital (venture/early stage and credit). The design of these vehicles reflects the challenges associated with financial intermediation and the need to grow a local financial ecosystem on the African continent that draws on local capital (retail, communal and institutional), working with Foreign Direct Investments (FDI) and public investment in a blended approach. We believe that inevitably as African economies become more stable and mature, there will be more capital to deploy although this must be done wisely and effectively to achieve the most impact per unit of capital. This can be achieved through appropriate selection of opportunities, structuring the right vehicles to channel this capital and leveraging technology to enable this at scale.