Lori Systems
Venture Round in 2025
Lori Systems Corp. is a logistics platform founded in 2016 and headquartered in Nairobi, Kenya, with additional offices in Mombasa, Kampala, and Lagos. The company specializes in connecting cargo owners with vetted transporters, addressing the significant logistics costs that account for up to 75% of product expenses in Africa. By leveraging technology, Lori's platform enhances supply chain management through real-time cargo monitoring, electronic documentation, and automated payment processes, thereby improving operational efficiency. Since its launch in May 2017, Lori has achieved substantial growth, boasting a compounded monthly growth rate of 30%. The increasing demand for its tech-enabled logistics solutions reflects the company's success in providing transparency, flexibility, and cost savings to businesses across the continent.
Itana
Pre Seed Round in 2023
Itana operates Nigeria's first Digital Free Zone, facilitating global tech-powered businesses to operate remotely in Africa without physical presence. It offers end-to-end support for business incorporation, banking services, licenses, immigration assistance, and operational services, creating an ideal online jurisdiction for scalability across the continent.
Nexford University
Series A in 2022
Nexford University is an online higher education institution founded in 2017, based in Washington, D.C. It aims to provide accessible and affordable education tailored to the demands of the global workforce. Serving markets such as the United States, the Philippines, Nigeria, and Egypt, Nexford offers degree programs and courses across various industries, including technology, business, and healthcare. The university's curriculum is designed to align with employer needs, leveraging artificial intelligence to identify and focus on in-demand skills. This approach ensures that learners, particularly from middle-income societies, receive a relevant and dynamic education that prepares them for success in a competitive global job market.
MIA Group
Pre Seed Round in 2022
MIA Group is a consumer internet company in Francophone Africa. We are on a mission to make commerce easy through a digital ecosystem fulfilling the everyday needs of consumers online and offline. Our businesses include Miaplenou.com: The largest online retail platform operating in Togo, Benin, Mali, Niger, and Burkina Faso. Launched 2012. Kiosk: online reselling App that enables anyone to start a business without investment. Launched 2021. MiaPay: QR code payment and lifestyle services
Big Cabal Media
Seed Round in 2022
Big Cabal Media (BCM) is a digital media company focused on serving African audiences both on the continent and globally by producing high-quality media brands and original content. The company operates two prominent media publications: TechCabal, which provides in-depth coverage of technology, startups, and innovation in Africa, and Zikoko, which captures the essence of Nigeria’s youth culture through engaging storytelling across various formats. TechCabal also features a data and intelligence unit, TechCabal Insights, that aids development finance institutions, NGOs, state governments, global tech brands, and African startups in addressing challenges within the digital economy. By reflecting and amplifying the voices of African youth and providing critical insights into the tech landscape, BCM aims to highlight the potential of Africa's digital economy as a pathway to prosperity.
Eden Life
Seed Round in 2021
Eden Life Inc., based in Lagos, Nigeria, specializes in tech-enabled housekeeping services for professionals. Through its online platform and mobile application, the company offers a range of services including laundry, meal preparation, house cleaning, equipment maintenance, and meal delivery. By aggregating vendors offering diverse services, Eden Life enables clients to efficiently manage their household chores.
Edves Limited is a company that specializes in developing school management software aimed at automating various educational processes. Founded in 2016 and based in Lagos, Nigeria, Edves provides a comprehensive platform that addresses enrollment, payment processing, e-learning, and performance analytics for K-12 schools. Serving over 1,700 schools across 11 countries in Africa, the software facilitates online learning through features such as e-books, video tutorials, and virtual classrooms. Additionally, it offers tools for school administrators to track fee defaulters, generate reports, and monitor student performance, thereby enhancing the overall educational experience and operational efficiency of institutions.
Releaf is a Nigerian supply chain technology firm established in 2017 that operates as an online marketplace connecting agribusiness buyers and sellers. The company focuses on sourcing ingredients for African food factories, particularly targeting crops such as cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. By utilizing digital technologies, including USSD and open banking, Releaf engages with over 2,000 smallholder farmers, facilitating the supply of high-quality palm kernel nuts to food manufacturers. The firm also provides extension services to these farmers and converts raw materials into factory-grade inputs for the vegetable oil sector. With a vision to create climate-adaptive supply chains in response to Africa's growing population, Releaf aims to enhance efficiency in food production and support the agricultural ecosystem.
MarketForce
Seed Round in 2021
MarketForce is a technology company headquartered in the United States, with operations in Kenya and Nigeria, focused on enhancing B2B commerce and fintech solutions for African merchants. Launched in 2018, the company has developed the "RejaReja" platform, which allows merchants to digitally source, order, and pay for inventory. In addition to these services, MarketForce offers access to financing, enables digital payment collection, and allows merchants to resell digital financial services like airtime and utility tokens. Operating in five markets across Sub-Saharan Africa, MarketForce has established a rapidly growing network that includes over 200,000 merchants and 50 consumer brands. The company employs an asset-light business model to drive efficiency and productivity in the distribution of goods, utilizing advanced technology to streamline operations for its users.
Rivy
Pre Seed Round in 2021
Rivy is making it easier to finance small and medium sized businesses in Africa. There is a need for financing of $158 bn for SMEs in Nigeria alone. To start, Rivy o helps SMEs access and spend lender capital effectively. During their first full operational year in 2020, the Rivy o co--founders leveraged their domain expertise and founding experience to beat their 2020 goal by 50%.
Nexford University
Seed Round in 2021
Nexford University is an online higher education institution founded in 2017, based in Washington, D.C. It aims to provide accessible and affordable education tailored to the demands of the global workforce. Serving markets such as the United States, the Philippines, Nigeria, and Egypt, Nexford offers degree programs and courses across various industries, including technology, business, and healthcare. The university's curriculum is designed to align with employer needs, leveraging artificial intelligence to identify and focus on in-demand skills. This approach ensures that learners, particularly from middle-income societies, receive a relevant and dynamic education that prepares them for success in a competitive global job market.
Termii
Venture Round in 2021
Termii is a Lagos-based company founded in 2014 that provides a cross-channel messaging and customer engagement platform tailored for African businesses. The platform facilitates communication with customers through SMS, email, voice, and instant messaging, enabling teams to secure repeat customers via personalized outreach. In addition to messaging services, Termii offers a suite of business applications that address various needs such as digital branding, sales, marketing, customer relationship management, eCommerce, accounting, inventory, and project management. This comprehensive approach allows clients to enhance their business operations and improve customer engagement across multiple channels.
Evolve Credit
Seed Round in 2020
Evolve Credit is a Nigerian fintech company founded in 2020, headquartered in Lagos. It operates an online platform that empowers consumers to explore, compare, and apply for various loan products tailored to different needs, including personal loans, SME loans, and options for salary earners and the unemployed. The platform provides expert reviews, ratings, and comparisons based on price, interest rates, and other terms. Additionally, Evolve Credit offers a Software as a Service (SaaS) core banking platform that enables financial institutions to streamline, digitize, and manage deposit, lending, and recovery services efficiently. This platform includes no-code tools designed to offer personalized customer banking experiences both online and offline.
Releaf
Venture Round in 2020
Releaf is a Nigerian supply chain technology firm established in 2017 that operates as an online marketplace connecting agribusiness buyers and sellers. The company focuses on sourcing ingredients for African food factories, particularly targeting crops such as cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. By utilizing digital technologies, including USSD and open banking, Releaf engages with over 2,000 smallholder farmers, facilitating the supply of high-quality palm kernel nuts to food manufacturers. The firm also provides extension services to these farmers and converts raw materials into factory-grade inputs for the vegetable oil sector. With a vision to create climate-adaptive supply chains in response to Africa's growing population, Releaf aims to enhance efficiency in food production and support the agricultural ecosystem.
Kobo360
Seed Round in 2018
Kobo360 is a digital logistics platform founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across Africa and emerging markets.