Helios Sports & Entertainment Group secures $50M equity investment from IFC and Proparco to advance its work in African sports and media.
Aug 01, 2025•5 months ago
Amount Raised
$50 Million
Sports
Investors
ProparcoIfc
Description
Helios Sports & Entertainment Group received a $50 million equity investment from IFC and Proparco to support initiatives in sports, media rights, and infrastructure development in Africa. This investment aims to target scalable industries within the creative sector. The African sports economy is projected to reach $20 billion by 2035. The funding will assist in developing live events, retail, and hospitality.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech