The UK's development finance institution. Assets under management: ≈ USD 12.65bn.
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 4 M$ – 137 M$*
- Instruments
- Equity, Senior debt, Mezzanine, Guarantee
- Preferred sectors
- Infrastructure (all), Energy, Financial services, Agribusiness, Healthcare, Manufacturing, Water & environment*, Real estate*, Telecoms & digital infrastructure*, Transport & civil engineering*, Fintech*
- Target geographies
- Nigeria, Ghana, Kenya, Egypt, Côte d'Ivoire, Senegal, Cameroon, DRC, Uganda, Burkina Faso*, Ethiopia*, Rwanda*, Tanzania*
* added from its deals
- Stages (stated by the fund and from its deals)
- SeedSeries ASeries BSeries C+GrowthDebt
Recent public deals: they say better than a thesis what the fund actually signs.
ARC Ride
September 2026 · KenyaDebt33.3 M$Senior debtEnergyCo-Invest
Co-investor alongside Novastar Ventures
Activity : Electric mobility
ARC Ride, a Kenyan electric mobility startup, has raised $33.3 million in asset-backed debt and equity to expand its battery-swapping network and electric motorcycle fleet across Africa.
Co-investors IFC (International Finance Corporation), Mirova Natural Capital, Musashi Seimitsu, Norrsken22, Proparco, Talanton
Source : techcabal.com
Dodai
April 2026 · EthiopiaSeries A13 M$EquityEnergyCo-Invest
Co-investor alongside Value Chain Innovation Fund
Activity : Electric mobility
Dodai, an Ethiopia-based electric mobility company that focuses on electric two-wheelers, has closed its $13 million Series A funding round to expand its electric motorbike and battery-swapping network across Addis Ababa.
Co-investors CBC, Nagase, Persistent ACV Fund, UTokyo Innovation Platform
Source : techcabal.com
Sistema.bio
March 2026 · Kenya53 M$EnergyCo-Invest
Co-investor alongside BNP Paribas Asset Management Alts
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Sistema.bio Raises $53M to Turn African Smallholder Farms Into Carbon Projects.
Co-investors Shell Foundation
Source : launchbaseafrica.com
Coris Holding
October 2025 · Burkina FasoGrowthUndisclosed amountEquityFinancial servicesCo-Invest
Co-investor alongside Mediterrania Capital Partners
Activity : Banking
Instrument : Co-investissement de 100 M EUR mené par MCP
Coris Holding is a regional banking group operating across several WAEMU and West African countries through Coris Bank International.
Why they invested
- Strengthening Coris Holding's capital base.
- Supporting organic growth and regional expansion.
- Financing the group's M&A strategy.
- Strengthening SME finance and financial inclusion across the region.
Advisers
- Asafo & Co — conseil juridique, fund side
- Deloitte — due diligence financière et fiscale, fund side
- IBIS Consulting — revue ESG, fund side
- Strategy& — due diligence commerciale, fund side
- ADNA — conseil juridique, company side
- SEGEN Capital — conseil en transaction, company side
Co-investors BIO, FMO, Impact Fund Denmark
Source : mcapitalp.comN1 · Primary source
Odyssey Energy Solutions
September 2025 · NigeriaDebt7.5 M$Senior debtEnergyLead
Activity : Mini-grids and rural electrification
Odyssey Secures $7.5M from BII to Scale Its Fintech Solution for Nigeria’s Off-Grid Energy Gap.
Source : launchbaseafrica.com
GrowthUndisclosed amountEquityEnergyCo-Invest
Co-investor alongside Seedstars Africa Ventures
Activity : Electric mobility
Vehicle : Seedstars Africa Ventures
Ampersand develops electric motorcycles and a battery-swapping and charging network for motorcycle-taxi drivers in East Africa.
Why they invested
- Commercially deployed product in East Africa
- Capital-efficient business model
- Team execution capacity in an emerging market
- Impact on clean mobility and driver economics
Co-investors Gaia Impact, Raspberry Syndicate, Rwanda Green Fund
Source : ampersand.energy
Wave
June 2025 · SenegalDebt137 M$Senior debtFintechLead
Activity : Payments and mobile money
Wave, one of Africa’s most valuable startups, has raised a $137 million debt round to bolster its working capital and drive expansion across existing and new markets.
Co-investors Finnfund, Norfund, Rand Merchant Bank
Source : techcabal.com
Arnergy
April 2025 · NigeriaSeries B18 M$EquityEnergyCo-Invest
Co-investor alongside CardinalStone
Activity : Off-grid solar and solar kits
Nigeria’s Arnergy Raises $18M to Scale Solar Lease Plans as Fuel and Grid Costs Soar.
Co-investors All On, Breakthrough Energy Ventures, EDFI Management Company, ElectriFI, Norfund
Source : launchbaseafrica.com
SunCulture
March 2025 · KenyaSeries B4 M$EquityAgribusinessLead
Activity : Agritech
Kenyan agritech startup SunCulture has secured an additional USD 4 M investment from British International Investment (BII) to scale its solar-powered irrigation solutions.
Source : weetracker.com
Series A42 M$EquityEnergyCo-Invest
Co-investor alongside Africa50
Activity : Electric mobility
Instrument : US$24 million in Series A equity funding, alongside US$17.5 million of debt facilities from BII and DFC
BasiGo provides electric mobility solutions and deploys electric buses in East Africa.
Why they invested
- Accelerate the deployment of 1,000 electric buses in East Africa
- Support a sustainable and inclusive transport sector
- Finance the expansion of an e-mobility solution in sub-Saharan Africa
Co-investors DFC
Source : africa50.comN1 · Primary source
TerraPay
July 2024Debt95 M$Senior debtFintechCo-Invest
Co-investor alongside IFC (International Finance Corporation)
Activity : Money transfer and remittances
TerraPay , an Africa-focused digital payments provider, has raised USD 95 M from the International Finance Corporation (IFC) and the British International Investment (BII) to boost access to affordable remittances and support livelihoods and business activity across Africa.
Source : weetracker.com
Rift Valley Energy
June 2024 · Tanzania15 M$EnergyLead
Activity : Power generation (utility-scale)
EASTERN AFRICA Rift Valley Energy Secures $15 Million Investment to Expand Clean Energy Access...
Source : launchbaseafrica.com
GrowthUndisclosed amountEquityEnergyCo-Invest
Co-investor alongside Africa50
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Instrument : 15% equity stake
NHPC develops and operates the 420 MW Nachtigal hydropower plant and its associated transmission line.
Why they invested
- Increase reliability of Cameroon’s power sector
- Expand access to electricity
- Mobilize private financing for strategic energy infrastructure
Co-investors Africa Finance Corporation (AFC), Banque africaine de développement (BAD), European Investment Bank, DEG, EDF, Emerging Africa Infrastructure Fund, FMO, IFC (International Finance Corporation), OPEC Fund for International Development, Proparco, République du Cameroun, STOA
Source : africa50.comN1 · Primary source
British International Investment invests tickets ranging from 4 M$ to 137 M$, across the following sectors: Infrastructure (all), Energy, Financial services, Agribusiness, Healthcare, Manufacturing, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, and Fintech, in the following areas: Nigeria, Ghana, Kenya, Egypt, Côte d'Ivoire, Senegal, Cameroon, DRC, Uganda, Burkina Faso, Ethiopia, Rwanda, and Tanzania. Check in 30 seconds whether your company fits these criteria.