Alitheia IDF

Alitheia IDF Fund is a pioneering private equity fund that identifies, invests in and grows SMEs led by gender-diverse teams to achieve solid financial returns and tangible social impact for communities in Africa. They invest in sectors that engage a significant percentage of women, either as entrepreneurs, producers, distributors or consumers. Some of these sectors are: Agribusiness, Consumer Goods, Creative Industries, and Financial Services.

Tokunboh Ishmael

Co-Founder and Managing Partner

11 past transactions

Seamfix

Venture Round in 2024
Seamfix specializes in electronic ID and credentials software solutions designed to address the digital identification challenges faced by over 30 African countries and more than 250 million individuals. By providing a platform that enables organizations to comply with regulatory KYC (know your customer) requirements, Seamfix facilitates efficient business onboarding processes. The company's technology allows organizations to capture, verify, and digitize the identities of customers and their documents in real-time. This capability is crucial for enhancing access to credit, banking, and other essential services for large segments of the population, thereby promoting financial inclusion and improving identity management across the region.

Ivili Group

Venture Round in 2023
Ivili Group is a prominent South African textiles company based in Sandton, Gauteng, with manufacturing facilities located in Butterworth and Cape Town. The company operates throughout the textile value chain, producing a range of products that include animal fiber materials and garments for men, women, and children. Ivili Group is recognized for its commitment to innovation, sustainability, and empowerment within the industry, making it a leader in meeting diverse clothing and fashion needs.

Lupiya

Series A in 2023
Lupiya is an online marketplace for microloans, operating as a branch-less digital microfinance platform. It utilizes technology to simplify and enhance the borrowing process, ensuring that individuals and businesses, including those in rural and remote areas, can access essential financial services. The platform offers tailored loans for personal and business needs, with a particular focus on empowering women. By leveraging artificial intelligence, Lupiya aims to create an efficient and user-friendly experience for online loans, peer-to-peer investments, and digital payments, thereby broadening financial inclusion across the region.

Rentoza

Series A in 2023
Rentoza operates as a subscription-based online marketplace for electronics and appliances, aimed at making essential technology accessible and affordable. By offering a pay-as-you-use model, Rentoza enables users to rent or purchase various household and electronic devices with flexibility. Customers can upgrade, downgrade, or cancel their subscriptions at any time without facing penalties. This approach allows individuals to utilize necessary products without the burden of traditional ownership, catering to those who may find conventional purchasing methods impractical. Rentoza's focus on providing a cost-effective solution empowers users to access the technology they need in a convenient manner.

Jetstream Africa

Seed Round in 2023
Jetstream Africa Limited is a cloud-based logistics platform based in Accra, Ghana, founded in 2018. The company specializes in providing cross-border marine logistics services, facilitating freight forwarding and global exports for African suppliers. By offering tools for booking, tracking, and consolidating shipments, Jetstream enhances access to international trade for small and medium-sized enterprises (SMEs) across Africa. The platform aims to simplify the shipping process, making it more accessible for businesses to engage in global commerce.

Club travel corporate

Acquisition in 2022
Club Travel Corporate provides business travel booking and management services to SMEs, corporations, and government agencies.

SweepSouth

Series B in 2022
SweepSouth is an online home services platform that connects homeowners with trusted service professionals across four countries. The platform offers a convenient way to book a range of services, including home cleaning, gardening, pool cleaning, heavy lifting, and maintenance, all accessible through a phone, tablet, or computer. By providing a user-friendly interface, SweepSouth enables clients to quickly find suitable pre-vetted professionals. The company aims to modernize the home services industry in Africa, focusing on creating positive experiences for both customers and service providers. With a mission to foster happy homes, SweepSouth prioritizes offering dignified and flexible work opportunities at fair compensation for its service providers, serving thousands of satisfied customers monthly.

Chika's WholeFoods Africa

Venture Round in 2021
Chika's WholeFoods Africa is a manufacturer of African style snacks focusing on nutrition and taste.

ReelFruit

Series A in 2021
ReelFruit’s had its humble beginnings in a small apartment in Surulere, Lagos. In 2012, their founder birthed the idea of a new snack company; A first-of-its-kind that would offer dried fruit snacks, made in Nigeria but sold to the world. With this dream in mind, we launched their first range of dried mango and pineapple in March 2013, their first lucky break came from Prince Ebeano Supermarket, Lekki, who stocked their products – and the rest is history.

Jetstream Africa

Seed Round in 2021
Jetstream Africa Limited is a cloud-based logistics platform based in Accra, Ghana, founded in 2018. The company specializes in providing cross-border marine logistics services, facilitating freight forwarding and global exports for African suppliers. By offering tools for booking, tracking, and consolidating shipments, Jetstream enhances access to international trade for small and medium-sized enterprises (SMEs) across Africa. The platform aims to simplify the shipping process, making it more accessible for businesses to engage in global commerce.

SKLD Integrated Services

Venture Round in 2021
SKLD Integrated Services is a manufacturer and provider of school supplies and lifestyle products in Lagos, Nigeria.
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