Goodwell Investments | Activity

Milestone

Goodwell portfolio company Chicoa Fish Farm is now listed under the Mvuvi brand on Goodwell's portfolio page — the vertically integrated tilapia aquaculture group formed by Chicoa's 2023 merger with Lake Harvest, with farms in Zambia, Zimbabwe and Mozambique, a sales JV in Malawi, and distribution networks across Mozambique, Malawi, South Africa, Zimbabwe and Zambia.

Chicoa Fish Farm

Chicoa Fish Farm Goodwell Investments

goodwell.nl

Added recently

Investment

Goodwell, together with Alitheia Capital via the uMunthu II Fund, announced in 2025 its investment in Nigerian e-waste recycler Hinckley E-Waste Recycling Ltd, supporting construction of lithium-ion and lead-acid battery recycling facilities in Ogun State, Nigeria.

Hinckley E-Waste Recycling

Hinckley E-Waste Recycling Goodwell Investments

goodwell.nl

Added recently

Milestone

Reported that EA Foods expanded its farmer network by 1,493%, vendor network by 914%, and now serves 788 supermarkets since Goodwell first invested.

EA Foods

EA Foods Goodwell Investments

goodwell.nlJUN 4, 2026

JUN 4, 2026

Milestone

Goodwell published a field visit story to Rwandan horticultural exporter SOUK Farms marking its 3-year investment partnership. SOUK employs over 1500 people, works with outgrowers who earn 230-420% higher net profits, and is transitioning to solar power for irrigation and packaging within 12 months.

Souk Farms

Souk Farms Goodwell Investments

goodwell.nlMAY 12, 2026

MAY 12, 2026

Essay

Goodwell essay describing its 'human-centred climate investing' approach through Hinckley E-Waste Recycling, articulating the firm's increased focus on investing with a climate lens and contributing to a green transformation, including battery recycling and circular economy opportunities in Nigeria.

Goodwell Investments

Goodwell InvestmentsGoodwell Investments

goodwell.nlAPR 22, 2026

APR 22, 2026

New Fund

Goodwell launches Growth Capital Fund (GCF), a EUR 50m limited-life (7-year) vehicle targeting inclusive, green, transformative growth in East and Southern Africa. Deploys non-dilutive instruments (convertible loans, revenue-based financing, redeemable preference shares, subordinated loans) at EUR 1-5m tickets, with a sharpened sector focus on agriculture and green transformation. GCF Teaser dated April 2026.

Goodwell Investments

Goodwell InvestmentsGoodwell Investments

goodwell.nlAPR 2026

APR 2026

Essay

Published a radar note on African startup systems change, flexible capital, gender-lens investing, and agriculture as a driver of sustainable growth.

What’s on Goodwell’s radar? – March 2026

Goodwell Investments

goodwell.nlMAR 20, 2026

MAR 20, 2026

New Fund

Announced Growth Capital Fund, a EUR 50m vehicle targeting mid-stage East and Southern African businesses driving green transformation.

Growth Capital Fund

Goodwell Investments

goodwell.nlMAR 12, 2026 goodwell.nl

MAR 12, 2026

Essay

Published insights on systems change for startup success, gender bias in Africa's investment space, and agriculture as a driver of sustainable growth.

What's on Goodwell's radar? – March 2026

Goodwell Investments

goodwell.nlMAR 2026

MAR 2026

New Fund

Announced Growth Capital Fund (GCF) with EUR 50m to support high-potential mid-stage East and Southern African businesses with diverse financial instruments.

Growth Capital Fund (GCF)

Goodwell Investments

goodwell.nlMAR 2026

MAR 2026

Milestone

Highlighted Complete Farmer’s 2024 scale-up, including a 996% increase in acres farmed and 41,000 acres under management.

Complete Farmer

Complete Farmer Goodwell Investments

goodwell.nlFEB 5, 2026

FEB 5, 2026

New Fund

Goodwell Investments announces first close of uMunthu II with $61M committed for inclusive businesses in Africa (November 2025), an updated close above the earlier €57M first close.

Goodwell Investments

Goodwell InvestmentsGoodwell Investments

africanewsbrief.comNOV 2025

NOV 2025

Investment

Invested in Hinckley E-Waste Recycling Ltd through uMunthu II Fund to support battery recycling facilities in Nigeria.

Hinckley E-Waste Recycling

Hinckley E-Waste Recycling Goodwell Investments

goodwell.nlSEP 2025

SEP 2025

Exit

Exited Baobab Nigeria with 3x return and 39.3% IRR, first exit from uMunthu Fund.

Baobab Nigeria

Baobab Nigeria Goodwell Investments

africaprivateequitynews.comMAR 2025

MAR 2025

Goodwell Investments Activity

Goodwell, together with Alitheia Capital via the uMunthu II Fund, announced in 2025 its investment in Nigerian e-waste recycler Hinckley E-Waste Recycling Ltd, supporting construction of lithium-ion and lead-acid battery recycling facilities in Ogun State, Nigeria.

Reported that EA Foods expanded its farmer network by 1,493%, vendor network by 914%, and now serves 788 supermarkets since Goodwell first invested.

Published a radar note on African startup systems change, flexible capital, gender-lens investing, and agriculture as a driver of sustainable growth.

Announced Growth Capital Fund, a EUR 50m vehicle targeting mid-stage East and Southern African businesses driving green transformation.

Published insights on systems change for startup success, gender bias in Africa's investment space, and agriculture as a driver of sustainable growth.

Announced Growth Capital Fund (GCF) with EUR 50m to support high-potential mid-stage East and Southern African businesses with diverse financial instruments.

Highlighted Complete Farmer’s 2024 scale-up, including a 996% increase in acres farmed and 41,000 acres under management.

Goodwell Investments announces first close of uMunthu II with $61M committed for inclusive businesses in Africa (November 2025), an updated close above the earlier €57M first close.

Invested in Hinckley E-Waste Recycling Ltd through uMunthu II Fund to support battery recycling facilities in Nigeria.

Exited Baobab Nigeria with 3x return and 39.3% IRR, first exit from uMunthu Fund.