West African Development Bank

West African Development Bank

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Investment Firm

Overview

BOAD serves as the community's primary source of development financing. It is an autonomous and decentralized institution of the Union. In order to realize UEMOA's goals without jeopardizing those set forth in the UEMOA Treaty, it helps to gain total independence. It is a public organization with an international scope whose goal is to support the development and operation of a local financial market. The special fund that will be established will be given the responsibility of directly or indirectly absorbing offers and, possibly, fulfilling requests from the public for securities and will be given this responsibility above the banking system.

Highlights

Founded

1973

Industry

Financial Services

Employees

251-500

Investment

1

Lead Investment

1

Exits

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Stages

N/A

Investor Type

N/A

Location

Lomé, Maritime, Togo, Africa

Contact Information

Social

Profile Resume

West African Development Bank, established in 1973 and headquartered in Africa., specializes in investments across Financial Services, Banking, Asset Management. Their recent investments include BGFIBank. The highest investment round they participated in was $216.7M. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

N/A

Investment portfolio

West African Development Bank has made 1 investments. Their most recent investment was on Jul 01, 2021, when BGFIBank raised $18.1M.

investments

1

Diversity investments

0

Lead investments

1

Number of exits

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Investments

1

Annouced DateOrganization NameIndustryMoney Raised
Jul 01, 2021
BGFIBank BGFIBank
Financial Services18.1M

Exits

0

Funding Timeline

Funding rounds

1

Investors

2

Funds

0

Funding Rounds

1

West African Development Bank has raised 1 rounds. Their latest funding was raised on Jul 01, 2021 from a Debt Financing - BGFIBank round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Jul 01, 2021
Debt Financing - BGFIBank Debt Financing - BGFIBank
-18.1M-

Investors

3

West African Development Bank is funded by 3 investor(s). FinDev Canada and African Development Bank Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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