Apex Group has been appointed to provide ongoing fund administration and accounting, fiduciary, investor reporting, tax compliance services to support the growth of Launch Africa Venture’s current and future funds.
According to the group, its fund administration services ensure the delivery of timely, accurate and independent portfolio accounting, fund and investor reporting underpinned by a range of best-in-class technologies.
Additionally, Launch Africa’s partnership with Apex provides the fund with access to the PAXUS software platform, delivering increased efficiency, reduced risk of error, faster valuation, ability to support complex funds and significant cost efficiencies.
Launch Africa says it invests capital, time, and expertise into leading business to business (B2B) and B2B to consumer (B2B2C) early-stage, technology-driven startups with strong management teams and scalable solutions.
Santosh K. Gujadhur, managing director, Mauritius at Apex Group, comments: “We continue to operate a strong presence in Mauritius which continues to act as a launchpad for funds wishing to invest in Africa, with a dynamic and established financial services ecosystem to help facilitate funds with ambitions on the continent.”
Janade Du Plesiss and Zach George, co-founders of Launch Africa Ventures, add: “We invest in a few startups each quarter, providing the advice and support to allow their founders to focus on their entrepreneurial pursuits – in turn, our partnership with Apex allows us to focus on our core objectives of driving growth. We value Apex’s flexibility and local expertise and look forward to continuing to work together as we raise further funds.”
