ARUWA Capital Management, based in Nigeria, has received a USD 1. 5 million equity investment from FSDAi Nyala Facility BV (FNF BV or Nyala).
ARUWA is a Gender Lens Investing (GLI) Fund that supports Small and Growing Businesses with capital and post-investment management (SGBs). The Fund has now reached its goal size of USD 20 million thanks to this investment.
Along with the investment, Nyala will offer post-investment catalytic support to ARUWA’s team, which will be used to achieve a proposition that is sustainably investable and has a strong team and governance.