Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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$250K-$2M
Grassroots Business Fund provides patient, structured capital to growing enterprises, including mezzanine financing for businesses ready for growth and early-stage financing for earlier companies. Typical ticket sizes range from $250K to $2M. It targets "missing-middle" enterprises in Africa that are too large for microfinance and too early for commercial banks, and also provides technical assistance to strengthen financial systems, operations, and governance.
Patient, structured capital
Provides patient mezzanine capital to enterprises ready for growth financing.
Early-stage financing and structured business support
Supports early-stage enterprises with financing and structured business support.
Technical assistance
Offers embedded operational support, strengthening financial systems, operations, and governance.
Growing enterprises in Africa
The organization provides capital and capacity for growing enterprises, with a focus on Africa.
Missing-middle enterprises
Targets enterprises that are too large for microfinance and too early for commercial banks.
Businesses serving low-income communities with clear market opportunity and social benefit.
Impact measurement support, ESG guidance, follow-on facilitation
Understand impact measurement requirements. Check if concessional terms have strings attached.
Applicants should show that they fit the missing-middle financing gap and are at an early-stage or growth stage with a clear use for $250K-$2M in structured capital. It will also help to demonstrate where operational support or technical assistance could improve finance, operations, or governance.
2008
Active Since
Yes
Deploying
Multiple portfolio companies