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Miarakap
Miarakap est l'acteur pionnier du blended finance à destination des entrepreneurs à Madagascar. Créé en 2018, il a développé trois gammes d'activités...
Miarakap
Miarakap est l'acteur pionnier du blended finance à destination des entrepreneurs à Madagascar. Créé en 2018, il a développé trois gammes d'activités complémentaires : - L'investissement en capital et l'accompagnement de PME à fort potentiel de croissance et d'impact, dont les besoins en fonds propres se situent entre 100 millions et 2 milliards MGA; - La gestion de programmes de financement, d'accompagnement et de promotion d'entrepreneurs à impacts sociaux et environnementaux, financés par des bailleurs de fonds internationaux; - Le conseil auprès d'acteurs du Développement pour concevoir et mettre en oeuvre des programmes de soutien à l'entrepreneuriat.
General information
Firm type
Private Equity
Year founded
2018
AUM
Undisclosed
Location
Region
Africa
Country
Madagascar
City
Antananarivo
Corporate office
Antananarivo, Madagascar
Sector focus
Frequently asked questions
What is Miarakap's investment mandate?
Miarakap targets minority equity investments in Malagasy SMEs that demonstrate both growth potential and measurable social or environmental impact. Its investment range is MGA 500 million to 3 billion, with a focus on formalizing operations and creating stable employment. The firm explicitly links its capital to the country's sustainable development and environmental conservation goals.
How does Miarakap structure its operations across investing, acceleration, and advisory work?
The firm runs three integrated divisions: a direct equity investment arm taking minority stakes for growth capital; an acceleration unit managing grant and concessional programs from international backers for earlier-stage and smaller-ticket needs; and a consulting division that advises both entrepreneurs and development actors on growth strategy and program design. This structure allows Miarakap to guide a company from early-stage technical assistance through to direct equity placement.
What investment stages does Miarakap typically target?
Miarakap's direct equity practice focuses on growth-stage companies with proven business models ready to scale, while its acceleration programs reach earlier-stage entrepreneurs. The firm's ticket-size range of approximately $110,000 to $660,000 for equity positions it as a provider of expansion capital for SMEs that are too large for microfinance but underserved by commercial banks or large private equity funds.
Does Miarakap co-invest alongside other international development finance institutions?
Miarakap's model is built on mobilizing public and private capital, and its website indicates it manages programs funded by international development lenders and donors. Its acceleration arm in particular deploys capital from these backers, positioning Miarakap as an on-the-ground investment partner that can provide the local origination, due diligence, and post-investment management that international DFIs require to reach Malagasy SMEs.
How does Miarakap define and measure its impact?
The firm publicly tracks three headline metrics: formal jobs created or maintained, number of entrepreneurs accompanied, and people positively impacted. These sit alongside its investment capacity on its public-facing materials, signaling that impact measurement is integrated into its core reporting rather than treated as a separate exercise. Its mandate also explicitly includes environmental conservation alongside economic development.
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