CardinalStone Capital Advisers
CardinalStone Capital Advisers is a Lagos-based private equity and venture capital firm that focuses on mid-market investments in Nigeria and Ghana. The firm specializes in sectors such as financial services, consumer goods, healthcare, industrials, agribusiness, and business services. CardinalStone makes equity investments primarily in small and medium-sized enterprises, often investing between $5 million and $10 million in its portfolio companies. In addition to corporate investments, the firm engages in real estate and infrastructure projects, providing bridge financing and seed capital for initiatives such as transportation development, low-cost housing, and energy sectors. CardinalStone also considers private investments in public entities and offers incubation services to support emerging businesses. Founded in 2016, the firm aims to contribute to the growth of key industries in the region while delivering value to its investors.
AppZone is Africa’s leading provider of home-grown banking and payment solutions with a mission to provide technology that empowers people with unlimited access to financial services.
Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits. Ife Oyedele ll and Obi Ozor founded it in 2017 and is headquartered in Lagos, Nigeria.
Private Equity Round in 2017
Crest Agro Products Limited produces food grade cassava starch for industrial users in Nigeria and West Africa sub-region. It operates a captive nucleus farm to produce cassava tubers; and a processing plant to produce cassava starch. The company serves food processing, pharmaceutical, and textile industries. Crest Agro Products Limited was founded in 2013 and is based in Lokoja, Nigeria.
Private Equity Round in 2015
Dataguard Document Management Ltd is a document management company based in Nigeria that specializes in managing and protecting critical business information for organizations. The company provides a range of services, including the management of physical and electronic documents, as well as ancillary services designed to enhance document security and efficiency. Dataguard is committed to delivering secure and cost-effective solutions tailored to the needs of its clients, ensuring that important information is safeguarded and easily accessible.
Private Equity Round in 2010
Stoneworks Industries Limited is a Nigerian company that specializes in the manufacture of granite aggregates for various applications in home construction, infrastructure, and commercial development. Established in 2009 and located in Akure, the company produces granite aggregates utilized in paving blocks, concrete pavers, walkways, and bike paths, as well as in asphalt production. Their products serve multiple purposes, including driveway gravel, landscaping, drainage solutions, and as a sub-base for concrete installations such as sidewalks and driveways. In addition to aggregates, Stoneworks Industries Ltd. supplies earth-moving equipment, including excavators, wheel loaders, dump trucks, and hydraulic hammers, along with parts and services to support these machines.
Private Equity Round in 2010
ARCO Marine & Oilfield Services provides offshore and inshore marine logistics services to oil and gas firms. Arco Marine owns and operates a fleet of 15 multipurpose vessels, 7 of which are engaged on crew change and security patrol contracts with ExxonMobil, Total and Chevron.