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Millicom (Tigo)

Europe, Luxembourg, Luxembourg, Luxembourg

Description

Millicom (Tigo) offers a range of digital services to over 50 million customers primarily under the Tigo brand.

Investor Profile

Millicom (Tigo) has backed more than 8 startups, with 0 new investments in the last 12 months alone. The firm has led 1 rounds, about 13% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series D rounds (top funding stages).
  • Majority of deals are located in United Kingdom, Nigeria.
  • Strong thematic focus on Financial Services, FinTech, Health Care.

Stage Focus

  • Series B (38%)
  • Series A (25%)
  • Series D (13%)
  • Series C (13%)
  • Seed (13%)

Country Focus

  • United Kingdom (63%)
  • Nigeria (38%)

Industry Focus

  • Financial Services
  • Fintech
  • Health Care
  • Insurance
  • Mobile
  • Consumer Goods
  • E-commerce
  • Internet
  • Retail
  • Shopping
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Millicom (Tigo) frequently co-invest with?

Rocket Internet
Europe, Berlin, Germany, Berlin
Co-Investments: 3
Goldman Sachs
North America, New York, United States, New York
Co-Investments: 1
Digicel
North America, Saint Andrew, Jamaica, Kingston
Co-Investments: 2
Allianz X
Europe, Bayern, Germany, München
Co-Investments: 1
MTN Group
Africa, NA - South Africa, South Africa, Johannesburg
Co-Investments: 2
LeapFrog Investments
Africa, NA - South Africa, South Africa, Johannesburg
Co-Investments: 3
Blakeney Management
Europe, England, United Kingdom, London
Co-Investments: 1
AXA Group
Europe, Ile-de-France, France, Paris
Co-Investments: 1
CDC Group
Europe, England, United Kingdom, London
Co-Investments: 1
Kinnevik
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 5

What are some of recent deals done by Millicom (Tigo)?

NJJ Millicom JV is a jointly controlled vehicle owned 51% by NJJ and 49% by Millicom.

Corporate RoundFeb 10, 2026
BIMA

London, England, United Kingdom

BIMA provides digital health and insurance services in emerging markets.

Financial ServicesFinTechHealth CareInsuranceMobile
Series DDec 19, 2017
Amount Raised: $36,200,000
BIMA

London, England, United Kingdom

BIMA provides digital health and insurance services in emerging markets.

Financial ServicesFinTechHealth CareInsuranceMobile
Series CJul 1, 2015
Amount Raised: $20,000,000
Jumia Group

Lagos, Lagos, Nigeria

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Consumer GoodsE-CommerceInternetRetailShopping
Series BNov 26, 2014
Amount Raised: $150,000,000
BIMA

London, England, United Kingdom

BIMA provides digital health and insurance services in emerging markets.

Financial ServicesFinTechHealth CareInsuranceMobile
Series BApr 2, 2014
Amount Raised: $22,700,000
BIMA

London, England, United Kingdom

BIMA provides digital health and insurance services in emerging markets.

Financial ServicesFinTechHealth CareInsuranceMobile
Series AMar 1, 2013
Amount Raised: $7,200,000
Jumia Group

Lagos, Lagos, Nigeria

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Consumer GoodsE-CommerceInternetRetailShopping
Series BJan 1, 2013
Amount Raised: $171,696,040
BIMA

London, England, United Kingdom

BIMA provides digital health and insurance services in emerging markets.

Financial ServicesFinTechHealth CareInsuranceMobile
SeedFeb 1, 2012
Amount Raised: $2,500,000
Jumia Group

Lagos, Lagos, Nigeria

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Consumer GoodsE-CommerceInternetRetailShopping
Series AJan 1, 2012
Amount Raised: $51,781,008

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