Four years of betting on Africa. Here’s the full picture.
We don’t wait for consensus. We back exceptional founders solving the problems others won’t touch in markets others don’t understand. This is what disciplined, conviction-driven pre-seed investing looks like at scale.
The Numbers
- 75 portfolio companies and counting
- 40 global markets reached
- 2.5× markup on SAFEs, priced rounds & exits
- 4 successful exits to date
- 10 YC alumni in the portfolio
- 30 days average from first call to capital in bank
The Companies Doing the Work
Our portfolio companies didn’t just survive 2025 they redefined their industries. Across fintech, commerce, and infrastructure, our founders built category-defining businesses in markets that most investors still pass over.
Terrahaptix — $11.75M raised. AI-powered drones securing Nigerian hydroelectric infrastructure. Signed a $1.2M, 5-year government contract.
Chowdeck — $9M Series A. Surpassed 1 million monthly orders in Nigeria. Expanded to Ghana and acquired Mira POS.
Timon — Reached profitability across 17 markets. Wallets live in Canada and 16 African countries. Zero fraud losses.
Prembly — 40M+ identity verifications processed. Now live across Africa, Europe, Asia, and the Americas.
Where We’re Positioned
Nearly 4 in 10 of our bets are on building the financial rails Africa needs. Our sector allocation reflects a deliberate thesis — not trend-chasing, but long-term conviction in infrastructure that outlasts any individual company.
- Fintech — 39% (financial infrastructure and inclusion)
- Commerce — 23% (advancing trade and distribution)
- AI, Logistics & emerging tech — 25%
- Edutech — 9% (expanding access to high-value skills)
- Healthtech — 4% (improving access to quality, affordable care)
In H2 2025 we made three new high-conviction bets: Rechaj (clean energy financing for Africa’s transition), Fusepay (payments in frontier markets), and Onspace (field operations infrastructure). Each one is a bet on the builders others overlook.
Beyond the Portfolio
In 2025 we took our community global. Twelve fireside chats. Over 2,400 listeners on X Spaces. Conversations with industry leaders including Joe Kinvi, Peace Itimi, Emmanuel Bakare, Chidi Williams, Kelvin Umechukwu, and Seni Sulyman — shaping the ecosystem, not just funding it.
See the Whole Picture.
Every number has a story behind it. The full 2025 Impact Report covers our investment thesis, portfolio performance, and where we’re headed in 2026. Download it now via the link in our bio.
Download the 2025 Impact Report → Web Interactive Version →
