The Amadeus IV Digital Prosperity Fund of Amadeus Capital Partners has already earned a USD75 million at its first close. A first close was held when the money raised enables the Fund to start making investments. The technology investor, together with MTN Group, is set to finance venture and growth companies for the development of relevant online and mobile applications. MTN Group is the largest mobile operator in Africa and Middle East, with operations expanding to 22 countries. Amadeus, on the other hand, has 20 portfolio companies from Asia, Africa, and Latin America.
The 19 countries identified as target markets of the investment will hail from developing countries that have rapidly growing economies, an expanding middle class, and a manageable government debt. The selection of the markets was based on the forecast that the GDP of emerging economies will surpass that of USA and Europe combined. The demand for mobile applications on this market is high. Around 300 million consumers will come from the 20% of the wealthiest population in said countries alone.
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