uMunthu
Introduced in 2019, the uMunthu fund aims to broaden access to affordable basic goods and services for underserved populations in sub-Saharan Africa. uMunthu was founded on the belief that investing in financial services, agriculture, transport, energy, and other basic necessities contributes to long-term, sustainable development. This fund is now closed, but Goodwell continues to provide active guidance and support to our investees.
Investing in entrepreneurs that empower inclusive growth
Raising nearly EUR 63 million by its final close in mid-2021, the uMunthu fund invested in 19 companies across sub-Saharan Africa. Approximately half of the fund was invested in financial inclusion, a quarter in mobility and logistics, and the remaining quarter in other impact sectors such as e-commerce and energy.
Goodwell’s hands-on, patient capital approach means we are still actively involved with the uMunthu portfolio companies. We have already realised 2 exits and have a clear exit strategy in place for many others. Some of the companies have also received follow-on funding from our predecessor fund, uMunthu II.
€62.2m
Total amount raised
42
Countries reached
19
Portfolio companies (including write-offs)
2
Exits
2019
Fund launched
June 2021
Final close
Portfolio companies
A new way to create lasting impact
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