About IBL
IBL is a venture capital firm founded in 1830. It is primarily based out of Port Louis, Mauritius. As of Feb 2023, IBL has invested in 2 companies. It primarily invests in Series A round in France based startups. Its investments are spread across a wide range of sectors from Consumer to Food and Agriculture Tech and Gig Economy. Most recently it participated in the $***** Series A round of Qotto A lot of funds co-invest with IBL, with names like Cordaid sharing a substantial percentage of its portfolio. IBL has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Series A
Portfolio Soonicorns
IBL's List of All Investments
IBL has a portfolio of 2 companies. Their most notable investmentis in QottoTheir portfolio spans across France and Kenya. They have invested in Consumer, Food and Agriculture Tech, Gig Economy and 2 other sectors, across stages such as Series A stage. Here is the list of all investments by IBL:
1. Qotto
Provider of solar energy systems and digital financial payment services. This organization supplies decentralized renewable energy solutions to households and small businesses. It integrates hardware installations with mobile payment technology to facilitate access to electricity. Customers utilize digital platforms to manage energy consumption and settle recurring service fees. The infrastructure supports off-grid power requirements through modular equipment and remote monitoring capabilities. By combining energy distribution with financial tools, the service enables users to acquire essential utility resources through flexible payment structures.
Key facts about Qotto
2. Naivas
Online platform offering multi-category grocery supplies. It offers fruits & vegetables, bakery products, dairy products, meat & seafood, drinks & beverages, and more.
Key facts about Naivas
IBL's Year-on-Year Investment Trends
IBL has invested in Qotto in 2023. Its most recent first time investment was in Qotto.IBL's Investments by Stage
IBL has made 1 investment in Series A stage with an average round size of $8M.IBL's Investments by Sector
IBL has a diverse portfolio, with companies operating in the Energy and Environment. Notably, it has invested in 1 Consumer (B2C) company, 1 Social impact company and 1 Tech company.IBL's Investments by Geography
IBL has made most investments in France (1).IBL's recent investments
IBL has not made any investment in 2026 so far.Here are the most recent investments by IBL:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 13, 2023 | France | Series A | 3791 |
Team profile of IBL
IBL has a team of 2 members including 2 Partners located in Mauritius. IBL's team does not sit on the board of any company as of now.Co-investors of IBL
Over the past 3 years, 3 investors have co-invested in IBL's portfolio companies. This includes only funds.
- Invested before IBL: African Development Bank Group has invested before IBL.
- Top Co-investors of IBL: 2 investors entered a company along with IBL. These include investors like Cordaid (1 company).
Recent News related to IBL
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Liva Healthcare acquires Momenta, and secures funding from new and existing investors to drive growthPR Newswire•Feb 05, 2025•Liva Healthcare, Momenta, Nupo, IBL and 4 others
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IBL World announces expansion of logistics operations in intermodal 2024Tecnologística•Mar 14, 2024•IBL
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Proparco buys Sh2.1bn stake in Kenyan drug firm Harley’sBusinessdailyafrica•Dec 06, 2023•Proparco, Harley’s, IBL
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Qotto, an African Cleantech startup, has raised $8 million in a Series A funding roundTechgist Africa•Feb 22, 2023•Qotto, IBL, Cordaid
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Cleantech Qotto embarks on growth plan backed by $8M fundingpublicnewstime.com•Feb 13, 2023•Qotto, IBL
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Cleantech startup, Qotto, raises $8 million Series A to expand to Ivory CoastTechpoint.Africa•Feb 13, 2023•Qotto, IBL, Cordaid, OGEF
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Venture capital firm 4Di raises R423mITWeb•Nov 30, 2022•4Di Capital, DOTEXE, IBL, Aerobotics and 3 others
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France’s Proparco Invests $31.5 Million in Naivas SupermarketKenyan Wall Street•Jun 27, 2022•Proparco, IBL, DEG, Naivas
