Compass Venture Capital

Compass Venture Capital is a venture capital firm established in 2015 and headquartered in Moka, Mauritius. The firm focuses on investing in start-ups and small to medium enterprises that exhibit scalable business models and strong growth potential, primarily in sectors such as renewable energy, education, health, and technology. It targets companies located in Mauritius, the Indian Ocean region, and the broader African continent. Generally, Compass Venture Capital acquires minority stakes in its investments, typically ranging from 15% to 40% of ordinary share capital. The firm is wholly owned by the ENL Group, a major business conglomerate in Mauritius, and collaborates with Turbine, a leading incubator and start-up accelerator in the region, to foster a vibrant and sustainable start-up ecosystem.

Bastien Maucet

Junior Partner

9 past transactions

Omnisient | Collaborative Consumer Intelligence

Series A in 2021
Omnisient (Pty) Ltd operates intersect.ai, an online platform that facilitates secure data sharing and collaboration among businesses while safeguarding data privacy and information security. Founded in 2014 and based in Cape Town, South Africa, the company empowers users to monetize their data by creating revenue-generating data sets, evaluating them, and enabling secure trading of these sets. The platform employs advanced cryptography and artificial intelligence to address privacy concerns, allowing businesses to access consumer data ecosystems efficiently. Omnisient's innovative approach supports businesses in enhancing their profitability and fostering growth through effective data collaboration.

FCB.ai

Seed Round in 2020
FCB.ai specializes in developing conversational artificial intelligence platforms tailored for the financial industry. The company aims to enhance customer engagement for financial service providers by creating an interactive and enjoyable experience through intelligent, human-like conversations. Its technology facilitates a more intuitive customer journey, which helps clients acquire and retain customers effectively. By enabling financial institutions to interact seamlessly with numerous potential and existing clients, FCB.ai's platform significantly improves conversion rates and overall customer satisfaction.

Omnisient | Collaborative Consumer Intelligence

Seed Round in 2020
Omnisient (Pty) Ltd operates intersect.ai, an online platform that facilitates secure data sharing and collaboration among businesses while safeguarding data privacy and information security. Founded in 2014 and based in Cape Town, South Africa, the company empowers users to monetize their data by creating revenue-generating data sets, evaluating them, and enabling secure trading of these sets. The platform employs advanced cryptography and artificial intelligence to address privacy concerns, allowing businesses to access consumer data ecosystems efficiently. Omnisient's innovative approach supports businesses in enhancing their profitability and fostering growth through effective data collaboration.

Shortlist

Series A in 2019
Shortlist Professional Services Private Limited operates an online recruitment platform focused on helping employers in India and East Africa hire candidates based on skills and potential rather than traditional credentials. Founded in 2015 and headquartered in Mumbai, the company serves junior to mid-level and commercial roles, sourcing candidates from local markets. The platform employs predictive chat-based interviews and online competency assessments to streamline the hiring process, allowing employers to bypass the more time-consuming and biased stages of recruitment. Through its innovative approach, Shortlist aims to support growing enterprises in finding the right talent efficiently and effectively.

FCB.ai

Pre Seed Round in 2018
FCB.ai specializes in developing conversational artificial intelligence platforms tailored for the financial industry. The company aims to enhance customer engagement for financial service providers by creating an interactive and enjoyable experience through intelligent, human-like conversations. Its technology facilitates a more intuitive customer journey, which helps clients acquire and retain customers effectively. By enabling financial institutions to interact seamlessly with numerous potential and existing clients, FCB.ai's platform significantly improves conversion rates and overall customer satisfaction.

Hub2.Io

Seed Round in 2018
Hub2.Io is a system for digitizing ongoing transactions. Services like cash out, to pay, manage, and others are offered by them. Connecting businesses to their infrastructure will enable them to accept and process payments quickly and safely.

Luminar Ventures

Series A in 2018
Luminar Ventures, established in 2017 and headquartered in Stockholm, Sweden, is a venture capital firm focusing on early-stage investments in technology companies. It primarily invests in scalable digital seed-stage companies from the Nordics, with a particular interest in Sweden. The firm targets industries ripe for disruption or transformation, such as fintech, artificial intelligence, machine learning, healthtech, and insurtech. Luminar Ventures provides not only capital but also active operational support, strategic guidance, and assistance with team building and organizational development to its portfolio companies. It typically invests between USD 500,000 to USD 2 million per round.

Reuniwatt

Series A in 2017
Reuniwatt is a company specializing in innovative solutions for solar energy forecasting, cloud observation, and solar radiation estimation. Established in 2009, it has emerged as a leader in photovoltaic (PV) production forecasting, serving Independent Power Producers globally with high accuracy. The company has invested over 250,000 hours in research and development, resulting in four patents for its advanced technology. With offices located in Reunion Island, Paris, and Toulouse, Reuniwatt provides its unique forecasting solutions through a Software as a Service (SaaS) platform, which aids various stakeholders in the electricity value chain to manage the variability associated with solar energy. This technology not only enhances the reliability of solar energy production but also offers significant benefits to production operators, grid managers, utilities, and energy traders.

ICT.io

Seed Round in 2017
ICT.io is a startup focused on promoting innovation and entrepreneurship within the Indian Ocean region. It operates an online media platform that provides news and updates on startups, technology, and related events. The company's platform serves as a resource for individuals and organizations interested in the latest developments across various sectors, facilitating the discovery of relevant information and insights. In addition to news coverage, ICT.io offers technological consulting services, further supporting the growth and success of startups in the region.
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