Investor profile
Convergence Partners
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Convergence Partners, founded in 2006, is a specialist pan-African private equity investment management firm focused on the TMT (technology, media and telecommunications) sector across sub-Saharan Africa. The firm invests in digital infrastructure opportunities including fibre networks, data centres, wireless towers, cloud, IoT, AI, and ICT platforms that enable financial services, e-learning, and broadband access. As impact investors, Convergence Partners brings skills, experience and capital to accelerate communications access and ICT infrastructure development on the Continent, focusing on initiatives that increase availability of communications, broadband services and new technology offerings to the people of Africa. The firm typically takes significant minority or majority stakes in growth-stage and mature companies, investing across private equity, expansion capital, project equity and development capital strategies, with total funds under management exceeding $600 million across three funds.
Notable quotes
“This closing is just the beginning, and we look forward to working with our investors and partners to build the digital infrastructure required to support the growth of the region's digital economy. We strongly believe such collaborations promote innovation, entrepreneurship, skill development, and job creation by vastly expanding access to the internet and all the essential digital tools it provides.”
“We will continue to build on our original vision by investing in digital infrastructure that is a key enabler for digital inclusion. This Fund will enable us to continue leveraging our deep knowledge of technology, investments and the African market to deliver measurable impact.”
“Yellow's offering also sits well with our promise to our investors of strong investment returns married with solid social development impact; in this case by tackling the triple challenge of financial inclusion, green energy distribution, and broadband penetration, and doing so profitably while servicing the unbanked communities of the lowest income countries of Africa.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Entersekt | Growth | — | 2026-02-01 |
| Paradigm Infrastructure | Growth | — | 2026-02-01 |
| Datacentrix | Buyout | — | 2024-01-17 |
| CSquared | Series C | $25m | 2023-11-13 |
| Yellow | Series B | $14m | 2023-06-19 |
| Channel VAS | Growth | $54m | — |
| Rack Centre | Growth | — | — |
| inq. | Growth | — | — |
| Ctrack | Growth | — | — |
| SEACOM | Growth | — | — |
Frequent co-investors
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