Ingressive Capital

Ingressive Capital is a venture capital firm established in 2017 and based in Lagos, Nigeria. The firm focuses on investing in early-stage and emerging startups that demonstrate high growth potential, particularly in sectors such as fintech, SaaS and cloud, internet services, healthtech, and agritech. Ingressive Capital leverages its extensive global network to support the growth and scaling of these companies, investing funds in exchange for equity or ownership stakes. By concentrating on pre-seed to seed stage businesses, Ingressive Capital aims to foster innovation and development within the tech ecosystem in Nigeria and beyond.

Maya Horgan Famodu

Founder and Managing Director

Bami Olajide

Investor

Past deals in Nigeria

Healthtracka

Seed Round in 2022
Healthtracka is a digital health platform focused on providing consumers with convenient access to a range of health testing services. The platform enables users to book lab tests directly, arrange for at-home sample collection, and receive digital results within one to three days. Healthtracka offers a variety of testing options, including full body checkups, screenings for coronavirus and sexually transmitted diseases, as well as tests for diabetes and hypertension. Additionally, the platform provides pre-wedding screening tests, allowing individuals to make informed health decisions and facilitate necessary follow-up actions.

Bridgecard

Pre Seed Round in 2022
Bridgecard is a fintech company that provides a platform for users to manage all their bank accounts and cards in one location. It offers a single debit card that can be used globally, enhancing the convenience of financial management. The platform incorporates features such as tokenization to ensure secure transactions, allowing users to conduct global transactions with confidence. By streamlining account management and improving security, Bridgecard aims to simplify the financial experience for its users.

Mecho

Seed Round in 2022
Mecho is a developer of an on-demand auto repair and maintenance platform tailored for individuals and businesses in Africa. The platform facilitates the registration and scheduling of maintenance services, connecting customers with a network of certified mechanics and automobile technicians. This service aims to provide a seamless experience for vehicle maintenance, inspection, and repair, making it easier for users to manage their automotive needs efficiently.

SeamlessHR

Series A in 2022
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It specializes in providing a comprehensive, cloud-based HR platform designed for medium to large-sized companies. SeamlessHR offers an end-to-end suite of solutions that automates and optimizes various HR processes, including recruitment, performance management, payroll, and leave management. Its product offerings encompass a Recruitment Management System, a Core HR Management System, and a Learning Management System, among others. The platform is tailored for emerging markets, providing well-priced and robust technology to help businesses streamline their human resource operations from hiring to retirement.

Mecho

Pre Seed Round in 2021
Mecho is a developer of an on-demand auto repair and maintenance platform tailored for individuals and businesses in Africa. The platform facilitates the registration and scheduling of maintenance services, connecting customers with a network of certified mechanics and automobile technicians. This service aims to provide a seamless experience for vehicle maintenance, inspection, and repair, making it easier for users to manage their automotive needs efficiently.

Grey

Pre Seed Round in 2021
Grey is a banking platform founded in 2020 by Idorenyin Obong and Femi Aghedo, focused on simplifying international payments for freelancers, remote workers, and businesses in Nigeria, Kenya, and Tanzania. The platform allows users to open free foreign bank accounts, enabling them to receive payments from over 80 countries and convert these funds into local currency for spending or saving. With a Money Service Business license from regulatory bodies in Canada and the USA, Grey facilitates quick and hassle-free cross-border transactions, supporting digital nomads and enhancing their ability to operate in a global economy.

Mono

Series A in 2021
Mono is a financial data infrastructure company based in Nigeria, founded in 2020. It develops an application programming interface (API) platform that enables digital businesses in Africa to access customers' financial and identity data. Mono's services include generating bank statements, verifying account details, initiating payments, and conducting credit checks. The company serves a diverse range of clients, including fintech firms such as Carbon, Flutterwave, Indicina, and Renmoney, as well as various developers. Through its innovative platform, Mono aims to enhance financial accessibility and streamline transactions for businesses across the continent.

54gene

Series B in 2021
54gene develops a pan-African biobank to identify new drug targets, and develop diagnostics and treatments for diseases. The company targets multiple disease states, including cancer, cardiovascular disease, and neuro-degenerative disease. It also provides genetic testing and molecular diagnostics services. The company was founded in 2019 and is based in San Francisco, California with an additional offices in Lagos, Nigeria.

Kwaba

Pre Seed Round in 2020
Kwaba International Ltd operates a rent payment platform in Nigeria that enables tenants to pay their house rent in convenient installments. Founded in 2017 and based in Ikoyi, the company offers a user-friendly online portal and mobile application where users can find listings for homes, office spaces, and student hostels available for rent or sale. The platform is designed to provide instant pre-approval for payments, enhancing data security and offering flexible payment options for both renters and homeowners. By facilitating easier rental transactions, Kwaba aims to address the challenges associated with traditional rent payment methods in Nigeria.

SeamlessHR

Seed Round in 2020
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It specializes in providing a comprehensive, cloud-based HR platform designed for medium to large-sized companies. SeamlessHR offers an end-to-end suite of solutions that automates and optimizes various HR processes, including recruitment, performance management, payroll, and leave management. Its product offerings encompass a Recruitment Management System, a Core HR Management System, and a Learning Management System, among others. The platform is tailored for emerging markets, providing well-priced and robust technology to help businesses streamline their human resource operations from hiring to retirement.

Evolve Credit

Seed Round in 2020
Evolve Credit Limited is a financial technology company based in Lagos, Nigeria, established in 2020. It operates an online platform that empowers consumers to compare various loan products available in the marketplace. Users can access expert reviews and ratings, allowing them to evaluate options based on price, interest rates, and other terms. The platform caters to a diverse range of lending needs, including personal loans, small and medium enterprise (SME) loans, and loans targeted at salary earners and unemployed individuals. Evolve Credit aims to simplify the loan selection process, enabling users to make informed decisions and apply for loans that best suit their financial requirements.

Mono

Pre Seed Round in 2020
Mono is a financial data infrastructure company based in Nigeria, founded in 2020. It develops an application programming interface (API) platform that enables digital businesses in Africa to access customers' financial and identity data. Mono's services include generating bank statements, verifying account details, initiating payments, and conducting credit checks. The company serves a diverse range of clients, including fintech firms such as Carbon, Flutterwave, Indicina, and Renmoney, as well as various developers. Through its innovative platform, Mono aims to enhance financial accessibility and streamline transactions for businesses across the continent.

54gene

Series A in 2020
54gene develops a pan-African biobank to identify new drug targets, and develop diagnostics and treatments for diseases. The company targets multiple disease states, including cancer, cardiovascular disease, and neuro-degenerative disease. It also provides genetic testing and molecular diagnostics services. The company was founded in 2019 and is based in San Francisco, California with an additional offices in Lagos, Nigeria.

Vesicash

Seed Round in 2020
Vesicash Innovative Technologies Limited, founded in 2018 and based in Lagos, Nigeria, specializes in digital payment services aimed at enhancing financial transactions across Africa. The company provides a digital escrow system that facilitates secure peer-to-peer and marketplace transactions, addressing common challenges such as payment fraud and lack of trust. Its platform includes features for identity verification, dispute resolution, and data insights, promoting financial transparency and confidence among small businesses. By enabling secure digital payments and milestone payments, Vesicash aims to boost the African digital economy and support businesses in conducting transactions safely and efficiently.

54gene

Seed Round in 2019
54gene develops a pan-African biobank to identify new drug targets, and develop diagnostics and treatments for diseases. The company targets multiple disease states, including cancer, cardiovascular disease, and neuro-degenerative disease. It also provides genetic testing and molecular diagnostics services. The company was founded in 2019 and is based in San Francisco, California with an additional offices in Lagos, Nigeria.

AwaBike

Pre Seed Round in 2018
AwaBike develops AWA Bike, a bike sharing and lifestyle application. Its application allows users to get notified about various available dock stations; and join the league of bikers and shoppers, and buy and sync fit bands. The company was founded in 2017 and is based in Lagos, Nigeria.

Paystack

Series A in 2018
Paystack Payments Limited is a technology company that provides payment processing services to businesses across Africa. Founded in 2015 and headquartered in Lagos, Nigeria, with an additional office in San Francisco, California, Paystack offers an online payment gateway that enables merchants to accept various forms of payment, including credit and debit cards, money transfers, and mobile money. The platform facilitates online transactions for a diverse range of clients, including entrepreneurs, corporates, fintech companies, schools, and betting businesses, allowing them to receive funds from customers worldwide. By streamlining payment acceptance, Paystack aims to enhance the financial ecosystem for businesses in the region.

TaxiTV

Seed Round in 2018
TaxiTV is an advertising technology company that specializes in providing entertainment within ride-sharing vehicles. The company offers a platform that displays high-quality video and interactive content, including documentaries, comedies, neighborhood insights, news, sports, and weather updates. This diverse range of content aims to enhance the passenger experience during their journeys. TaxiTV's technology allows brands to effectively advertise to consumers in a dynamic manner, customizing each brand experience while also capturing valuable data to help generate leads.

Tizeti

Seed Round in 2017
Tizeti provides broadband internet services to densely populated urban centers in Africa. Tizeti is leveraging the large wireless capacity available with Wi-Fi and plummeting cost of solar panels to create a low CAPEX/OPEX network of owned and operated towers to offer disruptive, customer-friendly pricing for unlimited internet service right across Africa.
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