Archangel Fund

Archangel Fund is a venture capital firm established in 2020 and located in Lagos, Nigeria. The firm focuses on investing in women and diverse teams that are creating innovative products across various technology sectors, including fintech, crypto/web 3, logistics, SaaS, and B2B health startups. Archangel Fund operates through venture capital funds and angel syndicates, with a specific commitment to supporting companies founded or co-founded by African women, reflecting its mission to empower diverse entrepreneurs in Africa and beyond.

Afolasade Aboyade-cole

Founding Partner

8 past transactions

Pennee

Pre Seed Round in 2023
Pennee solves cash flow problems for small businesses starting with credit financing.

Jetstream Africa

Seed Round in 2023
Jetstream Africa Limited is a cloud-based logistics company headquartered in Accra, Ghana, established in 2018. The company operates a digital platform that facilitates cross-border marine logistics services for African businesses. It specializes in freight forwarding and global exports, enabling small and medium-sized enterprises (SMEs) to access international trade more easily. By offering services such as shipment booking and tracking, as well as consolidated shipping options, Jetstream enhances the supply chain experience for its users, effectively leveling the playing field in the competitive global market.

Yana

Seed Round in 2023
Yana is a company that specializes in cash flow management software designed specifically for micro and small businesses. The software provides essential financial support, enabling these businesses to access loans that facilitate their survival and growth. By focusing on the unique needs of smaller enterprises, Yana aims to empower them with the financial tools necessary to thrive and create employment opportunities within their communities.

Taeillo

Seed Round in 2022
Taeillo is a furniture design and manufacturing company based in Ikeja, Lagos, Nigeria, established in 2018. The company specializes in creating a diverse range of furniture for various environments, including residential, commercial, and public spaces, through its online platform. Taeillo combines traditional craftsmanship with modern technology, utilizing locally sourced materials to produce premium urban furniture pieces. Its product offerings include sofas, tables, wardrobes, benches, consoles, kitchen accessories, table lamps, and various home decor items, all aimed at providing customers with a single marketplace for stylish and functional furniture solutions.

truQ

Pre Seed Round in 2022
truQ is a technology-driven logistics platform designed to streamline short-haul and intracity logistics. The company connects users with logistics needs to the nearest available vehicles in real-time, facilitating quick and efficient transportation. With its mobile-based application, truQ allows clients to independently sign up and book trips on-demand within minutes, thereby saving time and resources in moving goods. Additionally, truQ offers a Software as a Service (SaaS) infrastructure that aids businesses in managing their logistics operations more intelligently. The platform also provides access to capital for commercial drivers, allowing them to sustain and expand their businesses effectively. Through this comprehensive approach, truQ aims to optimize the logistics experience for both users and service providers.

Rise Vest Technologies

Seed Round in 2021
Rise Vest Technologies is a technology-driven finance company connecting everyday dollar-denominated investment opportunities.

Helicarrier

Venture Round in 2021
Helicarrier offers cryptocurrency infrastructure that offers products buycoins, buycoins pro, sendcash, and sendcash pay.

GoBeba

Pre Seed Round in 2021
GoBeba is a quick-commerce retailer specializing in essential household goods and groceries, operating a network of micro-fulfillment centers to enhance delivery efficiency. The company provides a multi-channel ordering system, allowing consumers to easily access frequently purchased products such as grocery items, food delivery, and utilities like LPG gas and drinking water. Backed by an AI-driven logistics and inventory management system, GoBeba aims to deliver daily essentials within 30 minutes. By aggregating demand through a curated digital marketplace, the company connects local merchants with consumers and logistics service providers, ensuring that customers can conveniently obtain essential commodities at affordable prices.
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