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Browsing: RENEW’s Impact Angel Network (IAN)
RENEW’s Impact Angel Network (IAN), one of the most active equity investors in Ethiopia with an expanding presence in East Africa, have successfully exited two investments to a regional private equity fund and a family office.
RENEW and the IAN provided two rounds of angel financing to support the launch of an Ethiopian production company that exports to international markets. With the recent buyout of these positions, these investments realized gross internal rates of return (IRR) of 26.70% and 17.58%, respectively.
The IAN’s investments helped a start-up company become a leader in its industry in Ethiopia. The company has received international awards and certifications on account of a superior product and exceptional processes.
It now purchases from thousands of smallholder farmers and employs hundreds of Ethiopians in permanent and temporary positions.
The company’s success can be attributed to the strong leadership and disciplined management of a visionary entrepreneur and committed …