Future Africa

Future Africa is a venture capital firm established in 2016 and based in Lagos, Nigeria. The firm focuses on investing in mission-driven innovators across various sectors, including agriculture, data and artificial intelligence, e-commerce, education, finance, health, media, mobility, real estate, and technology. In addition to providing capital, Future Africa offers coaching and fosters a community to support entrepreneurs in their growth and development. The firm aims to facilitate impactful innovations that contribute to the economic and social progress in Africa.

Abby Chaffatt

Partner

V. Chinyere Inya

Partner and Head of Platform

Mia Koschitzky-Kimani

Managing Partner

Mayowa Olugbile

General Partner

Mathew Saunders

Senior Principal and Head of Investments

Barakat Adenike Sheriff

Principal

Caleb Zipperstein

Venture Partner

Past deals in Nigeria

Veend

Pre Seed Round in 2022
Operator of a fintech company intended to simplify the lending process through its loan orientation channels which include USSD, web, mobile app, atm, and POS. The company provides credit infrastructure that automates lending processes for lenders and connects them to borrowers through various origination channels, helping clients with easy and fast access to credit.

Big Cabal Media

Seed Round in 2022
Big Cabal Media is a Nigerian digital media company focused on producing engaging content tailored for African youth. It fosters conversations around culture, innovation, entrepreneurship, and entertainment, addressing topics that resonate with this demographic. The company aims to connect brands with Africa's young and digitally savvy audience by offering a fresh and authentic voice. Additionally, it provides insights into startups, technology, and innovation, catering to tech enthusiasts, entrepreneurs, investors, and decision-makers within the African ecosystem. Through its content, Big Cabal Media keeps its audience informed about significant developments in the tech landscape.

Spleet

Pre Seed Round in 2022
Spleet operates a rental home listing platform focused on delivering affordable and flexible living spaces in Africa. The company offers fully furnished accommodations with various payment and sharing options, catering to the needs of renters seeking convenience and comfort. In addition to housing, Spleet provides essential services such as cleaning and security, enhancing the overall living experience. By making great living spaces more accessible to renters, Spleet aims to facilitate better returns for homeowners while fostering a future of flexible living across the continent. The company envisions a landscape where comfortable living solutions promote freedom, equity, and innovation in Africa.

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.

Eden Life

Seed Round in 2021
Eden Life, Inc. engages in providing housekeeping services for businesspersons. It offers laundry, meals, house cleaning, equipment maintenance, meal delivery, etc. The company operates an online platform and an application to book the services. The company is based in Lagos, Nigeria.

Edves

Seed Round in 2021
Edves Limited is a Nigerian company founded in 2016 that specializes in developing school management software. The platform automates various aspects of school operations, including student enrollment, fee collection, result processing, and e-learning. Edves offers tools for online learning, such as e-books, video tutorials, and virtual classrooms, as well as features for generating lesson notes and transcripts. The software also provides analytics to monitor student and school performance, streamlining administrative tasks for educational institutions. Based in Lagos, Edves aims to enhance the efficiency of school management processes through its innovative solutions.

Releaf

Seed Round in 2021
Releaf is an online marketplace based in Nigeria that connects agribusiness buyers and sellers with customers. Founded in 2017, the company specializes in various agricultural products, including cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. Releaf addresses the procurement challenges faced by African food factories, which often operate at less than 30% capacity, by employing advanced pre-processing technology. The company's proprietary oil palm de-sheller significantly enhances input quality, operating 25 times faster than traditional methods, which can double factory margins and recoup costs in under three months. Releaf has garnered support from notable investors, including Breakthrough Energy Ventures and Y Combinator.

Sety

Pre Seed Round in 2021
Sety is a security platform company, that connects victims to the security or medical emergency, guaranteeing safety and digitalising out solution, allowing businesses and developers access to our core services. We hope to revolutionise how people report incidents globally.

Chaka

Pre Seed Round in 2021
Chaka Technologies Limited is a financial technology company based in Lagos, Nigeria, that operates an online stock trading and investment platform. The company facilitates access to global capital markets for African individuals and businesses, enabling them to create trading accounts and invest in a wide range of assets, including equities, mutual funds, fixed income products, and cryptocurrencies. With access to over 3,000 assets across more than 40 countries, including major markets such as the United States, China, and the United Kingdom, Chaka aims to lower barriers to investment. Its platform is designed to be regulatorily compliant, serving a diverse clientele that includes corporate and institutional clients, investment advisors, stockbrokers, and fund managers.

PayHippo

Pre Seed Round in 2021
PayHippo is a financial technology company focused on providing financing solutions for small and medium-sized enterprises (SMEs) in Nigeria. It offers automated underwriting and credit assessment tools that facilitate the flow of capital to approximately 40 million small businesses in the region. Through its API integration, PayHippo enables partners to effectively monitor the SMEs utilizing its financing services. The company specializes in providing various financial products, including working capital loans, asset financing, and inventory financing, which help businesses acquire necessary equipment and access clean energy solutions. By bridging the financing gap for SMEs, PayHippo contributes to the growth and sustainability of small businesses in Africa.

MDaaS Global

Seed Round in 2021
MDaaS Global operates diagnostic centers in underserved communities in Africa, providing essential services such as radiology, cardiology, and laboratory testing. Established in 2016 and headquartered in Lagos, Nigeria, with an office in Cambridge, Massachusetts, the company focuses on connecting low- and middle-income patients with modern and affordable healthcare solutions. Through its tech-enabled facilities, MDaaS Global enhances patient access to timely diagnostics, which helps in the early identification of health issues and facilitates connections to medical specialists and treatment options. Additionally, the company is involved in the retail, leasing, installation, and maintenance of medical equipment for hospitals, further supporting the healthcare infrastructure in the regions it serves.

Nexford University

Seed Round in 2021
Nexford University is an online educational institution founded in 2017 and based in Washington, D.C. It aims to enhance social and economic mobility by providing high-quality, affordable education that aligns with the needs of global employers. The university serves diverse markets, including the United States, the Philippines, Nigeria, and Egypt, and operates as a hybrid model combining online education with technology-driven learning solutions. Nexford's curriculum focuses on mastery of workplace-relevant competencies, utilizing artificial intelligence to tailor learning experiences to the skills in highest demand. With a fully online format, the institution fosters a global community that supports student success and lifelong learning, positioning itself as a leader in accessible education for middle-income societies.

Bongalow

Seed Round in 2021
Bongalow is a mobile-powered home financing marketplace that enables Africans at home and abroad shops for the best home loan to purchase their desired property.

Termii

Venture Round in 2021
Termii Webtech Limited, founded in 2014 and based in Lagos, Nigeria, operates an online communication platform that enables businesses to engage effectively with their customers. The platform facilitates personalized messaging through various channels, including SMS, email, voice, and instant messaging. Termii aims to help African businesses build lasting customer relationships by providing a suite of applications that address digital branding, sales, and marketing needs. These applications include tools for customer relationship management, eCommerce, accounting, inventory, and project management, thereby enhancing both business functionality and social networking capabilities.

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.

Indicina

Seed Round in 2020
Indicina Technologies Limited is a Lagos-based company that offers a digitized credit analysis platform designed to enhance consumer finance strategies. The platform serves banks, insurers, consumer finance firms, and retail merchants by enabling them to develop credit rules and models, conduct credit assessments and scoring, manage loan portfolios comprehensively, and streamline loan collections. By leveraging analytics-driven insights, Indicina facilitates informed credit decisions for lenders, thereby improving the efficiency and effectiveness of the lending process.

Releaf

Seed Round in 2020
Releaf is an online marketplace based in Nigeria that connects agribusiness buyers and sellers with customers. Founded in 2017, the company specializes in various agricultural products, including cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. Releaf addresses the procurement challenges faced by African food factories, which often operate at less than 30% capacity, by employing advanced pre-processing technology. The company's proprietary oil palm de-sheller significantly enhances input quality, operating 25 times faster than traditional methods, which can double factory margins and recoup costs in under three months. Releaf has garnered support from notable investors, including Breakthrough Energy Ventures and Y Combinator.

Stears

Seed Round in 2020
Stears News Limited is a digital media and information company based in Lagos, Nigeria, founded in 2017. It operates an online platform, Stears Business, which delivers business news analysis and insights through a network of professionals from various sectors, including banking, consulting, and academia. The company also features a data analytics division, Stears Data, which offers proprietary demographic and economic data as well as research and advisory services to help clients derive insights from their data. Additionally, Stears provides customized data collection services, including surveys, focus groups, and polling. The company's mission is to enable individuals, organizations, investors, and governments to access high-quality information about Africa efficiently and affordably.

MAX

Venture Round in 2019
Metro Africa Xpress, also known as MAX.ng, is a Lagos-based company that specializes in on-demand package pickup and delivery services. Incorporated in 2015, MAX.ng offers various delivery options including same day, three-hour, and next day services. The company addresses last-mile delivery challenges by utilizing mobile and web platforms to connect consumers, retail businesses, and independent drivers in real-time. By streamlining logistics and leveraging technology, MAX.ng aims to enhance the capabilities of retail businesses in Africa, facilitating growth and improving service delivery in the region. Additionally, the company provides a mobile application that integrates delivery services with ride-hailing options, further enhancing convenience for its users.

Kobo360

Seed Round in 2018
Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.
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