UUBO TEAM ADVISES LEAD INVESTOR ON FLUTTERWAVE SERIES D FUNDING ROUND

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Published on 21 Feb 22

 

We are pleased to have advised the lead investor, B Capital Global Growth Fund III, L.P on its participation in the US$250 million Series D Investment in Flutterwave, a leading technology company operating across Africa.

The UUBO transaction advisory team was led by our private equity and M&A team partner, Ozofu Olatunde Ogiemudia with support from Temiloluwa Olowu Okeowo (senior associate), Bond Eke-OparaETIDO DAVID (both associates) and other members of our private equity, corporate, M&A and FinTech teams. The UUBO team worked with a cross-border group of advisers led by Goodwin Procter.

Flutterwave’s successful Series D fund raise follows its initial US$20 million Series A round of 2018, its US$35 million Series B round in 2019 and its US$170 million Series C round in 2021, and has resulted in a valuation of over US$3 billion making Flutterwave, currently, the highest valued African start-up.