Afrigather Saskia Van Der Mast and Hayo Afman, the co-CEOs of the Dutch household fund DOB Equity, have stepped down, throwing open the management of one of many largest personal fairness funds in East Africa. Der Mast and Afman led the fund for 19 and 9 years.
Coen Boevé, the fund’s chief finance officer, will take over the day-to-day working of the agency whereas DOB Fairness begins the seek for a alternative for the 2.
“Throughout their tenure, Saskia and Hayo have been instrumental in driving the expansion and success of DOB Fairness and shaping the panorama of affect funding in East Africa,” the fund stated on Monday.
Beneath Saskia and Hayo, the family-owned fund doubled its Kenyan portfolio with investments in native startups and buying mid-sized agribusiness, retail, vitality, and schooling firms.
It has invested in Twiga Meals, M-Kopa, and low-cost personal faculty Bridge Worldwide Academies.
Others embrace Kenya-based well being tech Ilara Well being, which not too long ago secured $4.2 million in a funding spherical led by DOB Fairness, and tilapia producer Victory Farms, which raised $35 million final 12 months.
“They’ve grown the portfolio from the primary funding in 2007 to over 30 impactful firms so far, profitable a number of awards, amongst others, for greatest Affect Funding Agency by the East Africa Enterprise Capital and Personal Fairness Affiliation,” DOB Fairness stated.
Not too long ago, the agency has featured in a number of high-profile fundraising for mid-sized companies and native startups as a funding winter hit the ecosystems on the again of mass exits of different buyers for better positive factors on investments in superior economies.
