Miarakap is an impact investment platform based in Madagascar, founded in 2018, with the mission of financing and supporting the growth of small and medium-sized enterprises to generate lasting economic, social and environmental impact in the Indian Ocean region.
Its work spans three complementary business lines:
• Investment - equity and quasi-equity financing for growth-stage SMEs through its managed funds, combined with active, hands-on support to portfolio companies;
• Advisory - structuring, fundraising and strategic advisory services for entrepreneurs, investors and development partners to strengthen the financing of the local private sector;
Mitsiry Biodiversity and Climate Fund II is a USD 50 million blended-finance fund, currently in closing phase, investing in 10 to 13 growth-stage enterprises in Madagascar and Mozambique. Managed by Miarakap and Kinomé, Mitsiry provides debt and equity financing to SMEs whose activities contribute to biodiversity conservation, climate adaptation and local economic development. As a blended vehicle, it combines commercial and concessional capital from development finance institutions and commercial investors to de-risk investment and channel patient capital towards businesses and sectors that are typically underserved by conventional financing.
Beyond capital, Mitsiry supports its portfolio companies with hands-on operational and technical assistance to help them scale their impact and reach commercial sustainability.
The Mozambique deployment is supported by FSDAi through the Mozambique Expansion Support Facility (MESF), with a clear focus on building the local entrepreneurial ecosystem.