TBL Mirror Fund
AUM : $150 million
TBL Mirror Fund BV is a venture capital and private equity investment firm specializing in late start-up, mid venture, mezzanine, and early to mid stage investments in small and medium sized enterprises that comply with ethical norms, have a good environmental policy, and labor conditions.
The firm can make equity or quasi equity investments only (not debt).
The firm seeks to invest in companies with capital needs between €100,000 ($0.14 million) and € 3.5 million ($4.75 million) with a preferred focus on the range of €500,000 ($0.70 million) to €1 million ($1.42 million). The firm takes a board seat and a significant minority stakes in its investments. It typically invests for a period of between five to seven years. It also seeks to co-invest with strategic investors and partners.
TBL Mirror Fund BV was founded in December 2007 and is based in Nairobi, Kenya with an additional office in Kortenhoef, Netherlands.
Areas of expertise
It invests in ICT focusing on software, business process outsourcing, and IT companies; Telecom focusing on Infrastructure design and implementation, mobile operators, services to operrators; healthcare focusing on pharmaceuticals, medical insurance, medical services, clinics and hospitals nice services; and FMCG focusing on consumer goods, logistics and distribution, packaging, retail, and services to sectors like research and media.
It invests in companies based in Kenya with a focus on East Africa and Nigeria.
