Growth Gateway: Growth-stage investing, investor perspective on investing in growth-stage companies

This investor focused document explains how to invest in African growth‑stage companies. It outlines the fundraising journey and typical investors by stage. It compares equity and debt from founder and investor viewpoints, highlighting recent headwinds and a growing climate-funding share.

It sets out diligence priorities for equity and debt, the investment process, and valuation methods including discounted cash flow (DCF), multiples and debt-service coverage ratio (DSCR). It includes a glossary and a reading list for further learning.