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MSMEs | MSME START UP

Call for Proposals for Small and Medium Enterprises in Nigeria

Apr 12, 2021   •   by   •   Source: Proshare   •   eye-icon 287 views

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

 

FRAGGInvestment Management Ltd is pleased to invite proposals from SMEs in Nigeriaseeking growth/scale-up funding. In line with its mandate to fill a market gapin the African market, by providing financial resources and technicalassistance to multi-sector SMEs in the impact and climate domain, FRAGG will bereceiving proposals from qualified SMEs on a rolling basis to provide scale-upcapital.

 

FundingParameters

 

InvestmentPhase:Post-revenue phase

 

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

 

FundingInstruments:Debt, Equity, Convertible Loans

 

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

 

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

 

* Projectsmaking use of innovative technology

* Projectswith a rural outreach

 

TargetRegion:Nigeria

 

FRAGG will, in addition tofinancing, provide tailored support which will include participation on theboards of the companies, support in building a competent and capable managementteam, mobilization of additional capital from co-investors, development andintegration of ESG standards into core business operations, support indevelopment of risk management strategies, product development and marketexpansion, and integration into the FRAGG Start-Up Network (with its hub inGermany).

 

How to ApplySend an email to [email protected]  including an investors brief or pitch deckthat provides an overview of your business model as well funding needs.



Proshare Nigeria Pvt. Ltd.


 

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