Trending...
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- New Mobile Car Detailing Platform Connects Drivers with On-Demand Local Pros
- Cal State LA secures funding for two artificial intelligence projects from CSU
With a successful first close on its convertible note, AHWA is accelerating growth in Guinea and across the region with a growing land bank and other strategic investments.
PHILADELPHIA - Californer -- American Homebuilders of West Africa, the premier production home builder serving West Africans in the diaspora and those resident in the region, announced the successful first close of its convertible promissory note capital raise.
This expansion round, like the firm's previous two capital raises, attracted investment from both corporate investment vehicles and individuals. Most notably, it included the first former client of AHWA's to complete purchase of a home, repayment of the financed portion of the purchase, and investment in the company.
"We built this company to deliver value to West Africans, many of whom suffer both the denial of access to full engagement in the economies of the OECD countries where they work, and the difficulty of supporting friends and relatives living on the continent. To see someone who bought one of our homes and worked with us through financial qualification, turn around and say she believes in the business enough to invest in it is truly the vote of confidence that makes us feel like we are doing something right," said Jonathan Halloran, Co-Founder and CEO.
More on The Californer
The new capital will be deployed for land acquisition and for additional investment in AHWA's team. Robert Hornsby, Co-Founder and CFO, said he was glad to have achieved this milestone and looks forward to the ongoing impact of this investment. "The past few months have been challenging around the world as individuals, businesses, and governments seek out the best responses to a global pandemic. Every little bit of good news that points the way to a brighter future is something to be celebrated. We launched this company in 2014 just as the Ebola epidemic was heating up in Guinea, Liberia, and Sierra Leone; we launched this most recent capital raise just as the first cases of COVID-19 were incubating in Wuhan. We know we haven't seen the last obstacle, but we are confident that our solution to this massive housing problem will remain compelling through multiple business cycles," Robert added.
The company's current investment round is structured as a Regulation D, 506(c) raise. It remains open to limited additional investment until the termination of the offering on September 30.
This expansion round, like the firm's previous two capital raises, attracted investment from both corporate investment vehicles and individuals. Most notably, it included the first former client of AHWA's to complete purchase of a home, repayment of the financed portion of the purchase, and investment in the company.
"We built this company to deliver value to West Africans, many of whom suffer both the denial of access to full engagement in the economies of the OECD countries where they work, and the difficulty of supporting friends and relatives living on the continent. To see someone who bought one of our homes and worked with us through financial qualification, turn around and say she believes in the business enough to invest in it is truly the vote of confidence that makes us feel like we are doing something right," said Jonathan Halloran, Co-Founder and CEO.
More on The Californer
- The Modern Insurance Store Expands Medicare Help Services for Seniors in Cincinnati
- Swim Up Hill Consulting Secures New City Contracts, Expands National & Global Reach Ahead of LA28
- Fastest Growing Staffings Firms
- Inframark Continues to Build Its Community Management Capabilities and Multi-Disciplinary Presence in Arizona
- ICAST 2025: The Crystal-Clear Revolution Begins at Booth #3233
The new capital will be deployed for land acquisition and for additional investment in AHWA's team. Robert Hornsby, Co-Founder and CFO, said he was glad to have achieved this milestone and looks forward to the ongoing impact of this investment. "The past few months have been challenging around the world as individuals, businesses, and governments seek out the best responses to a global pandemic. Every little bit of good news that points the way to a brighter future is something to be celebrated. We launched this company in 2014 just as the Ebola epidemic was heating up in Guinea, Liberia, and Sierra Leone; we launched this most recent capital raise just as the first cases of COVID-19 were incubating in Wuhan. We know we haven't seen the last obstacle, but we are confident that our solution to this massive housing problem will remain compelling through multiple business cycles," Robert added.
The company's current investment round is structured as a Regulation D, 506(c) raise. It remains open to limited additional investment until the termination of the offering on September 30.
Source: American Homebuilders of West Africa
0 Comments
Latest on The Californer
- Fact: Trump lied — again. California gas prices remain lower than a week ago, month ago, and a year ago
- Sing For Your Supper: A Night of Musical Comedy and Drag for a Great Cause
- Top "We Buy Houses" Companies in Oakland, CA Announced — JiT Home Buyers Leads the Pack in 2025
- Ansira Appoints Amalia Thomas As Chief Revenue Officer
- Cummings Graduate Institute for Behavioral Health Studies Celebrates New DBH Graduates
- Gulf South Angels and TCA Venture Group Announce Strategic Relationship to Accelerate Investment and Innovation
- Hilton Santa Clara Welcomes Kunal Khandwala as Director of Sales & Marketing
- $100 to $200 Million Equity Agreement with Top Digital Advisor Bitwise to Power Major Digital Asset Initiative for Bitcoin and Solana: OFA Group
- California: Governor Newsom advances government effectiveness and efficiency with new executive order, launches task force with tech industry leaders
- New Collaboration Launches Corporate ESG Solution for Responsible Decommissioning and Transparent Reporting
- Terminally-Ill Young Man to Meet New York Family for the First and Last Time
- SJJA Holdings Reaffirms Lead Corporate Partnership with Swim Up Hill, Backing All Six Divisions an
- SlickCashLoan Launches Free Loan Calculator to Help You Plan Monthly Payments
- Bridge to Life™ Unveils Groundbreaking 12-Month Clinical Trial Data on HOPE at World Transplant Congress 2025 USA - English USA - Deutsch USA - Français USA - English
- 5 Common Signs You Should See a Dentist in Castro Valley Sooner Than Later
- VoiceGenie AI delivers 24/7 virtual receptionist capabilities—personalized, professional, and powered by advanced conversational AI
- 24/7 customizable AI answering service from Kell Web Solutions, Inc. helps businesses never miss a customer call, lead, or appointment again
- TikTok Star ArcadeFriends Attempts 24-Hour Claw Machine Marathon at Lucky Puppy Arcade in Las Vegas
- Revolutionary conversational AI transforms customer engagement with professional virtual receptionist answering service tailored for small busines
- New AI platform helps small businesses deliver always-available, professional customer service without added staff or complexity