XSML Capital, the Dutch investment fund focused on SME opportunities in Central Africa, has made an undisclosed investment in Lejack, a consumer products company based in Kinshasha in the Democratic Republic of the Congo. The investment is being made from XSML’s Central African SME Fund.
Lejack offers printing services through Lejack Print, as well as toilet paper products through Lejack Softness and candles. The firm hopes to use the investment to scale production capacity to meet the growing demand from the country’s emerging middle class.
The investment marks the 29th investment for XSML’s $19 million Central Africa SME Fund, and the 20th in the Democratic Republic of the Congo. The fund targets investments in the range of $100,000 to $500,000. Backers of the fund include the IFC, FMO and the Lundin Foundation. The firm is currently raising its second fund, called the African River Fund.