Lateral Capital

Lateral Capital LLC is a venture capital firm focused on early and growth stage investments in sub-Saharan Africa. The firm specializes in technology-enabled businesses that address critical challenges in sectors such as financial services, healthcare, education, renewable energy, agriculture, housing, and logistics. Lateral Capital makes both debt and equity investments, typically ranging from $0.25 million to $5 million. With its headquarters in New York City and additional offices in Johannesburg, Nairobi, and Lagos, the firm aims to support mission-driven companies that provide foundational technologies and innovative solutions across the continent.

Ochuwa Akhigbe-Ogionwo

Operating Principal

Garikai Govati

Venture Partner

Kyane Kassiri

Senior Associate

30 past transactions

CNote

Series A in 2022
CNote is an investment platform that earns a better return while investing in the causes and communities that matters. CNote rewards great savers with alternative financial vehicles that earn more - safely and simply. Their first product, CNote Savings, helps good savers earn up to 2.5% annual return -- that's 35x more than a traditional savings account. The was founded in 2016 by two women with decades of experience working in finance, venture capital, and private equity. CNote is headquartered in Oakland, California.

Masa

Pre Seed Round in 2022
Masa is the identity infrastructure for developers building web3 communities. Developers can acquire, retain, and verify users, using SBTs and NFTs as primitives to represent credentials, reputation and affiliations.

Rhaeos

Seed Round in 2021
Rhaeos, the world's first wearable shunt monitor, aims to improve the quality care for patients with hydrocephalus through a novel, thermal biosensor. Developed within Northwestern University with collaboration between Dr. John Rogers, McCormick School of Engineering, Feinberg School of Medicine and Kellogg School of Management, Rhaeos represents a unique multidisciplinary translational effort for an important clinical need.

INOVUES

Venture Round in 2021
INOVUES is an award-winning window technology company focused on building upgrades and energy efficiency retrofits. We design, fabricate, and install non-intrusive glazing retrofit systems, Glazing Shields™, that enable the facades and windows of existing buildings to be upgraded and incorporate the latest energy-efficient or smart window glass technologies without removing, replacing, drilling, or altering any existing components.

Autochek

Seed Round in 2021
Autochek is an automotive technology company founded in 2020 and based in South Africa. It operates online platforms that connect buyers and sellers in the automotive sector, enhancing commerce through digital solutions. The company focuses on creating a marketplace that improves access to auto loans, quality maintenance, aftersales services, and warranty solutions. By offering a comprehensive digital infrastructure, Autochek aims to streamline the coordination and maintenance of vehicle records, facilitating smoother transactions and interactions within the car market.

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.

Ejara

Seed Round in 2021
Ejara is an app for Africa and its diasporas to access various investment offers fractional shares, commodities, cryptocurrency, and more.

Pngme

Series A in 2021
Pngme is an all-inclusive mobile finance platform with mobile payments, savings, and a digital-footprint-based credit score giving MSME's (Micro, Small, and Medium Enterprises) and un/underbanked consumers access to finance.

Mono

Seed Round 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.

Appzone Group

Series A in 2021
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.

LipaLater

Venture Round in 2021
Lipa Later is a facility that provides electronic loans, business loans, and salary loans to individuals and businesses in the low to middle income bracket in Kenya. The company is based in Nairobi, Kenya.

Kountable

Series A in 2021
Kountable, Inc. operates a global trade and technology platform designed to connect entrepreneurs seeking funding for trade deals with investors. Founded in 2014 and based in San Francisco, Kountable utilizes data-driven insights and real-time information to enhance trust, transparency, and auditability in transactions. The platform facilitates collaboration between small and medium-sized enterprises (SMEs) and multinational suppliers, enabling efficient completion of large-scale projects for governments, NGOs, and corporations. By integrating local SMEs into global supply chains, Kountable supports infrastructure development and innovation in sectors such as healthcare, education, telecommunications, and energy, particularly in developing countries. Each transaction on the platform aligns with the UN Sustainable Development Goals, reinforcing the company's commitment to fostering sustainable business practices. Kountable has expanded its global presence with offices in Nairobi, Kigali, and The Hague.

Autochek

Pre Seed Round in 2020
Autochek is an automotive technology company founded in 2020 and based in South Africa. It operates online platforms that connect buyers and sellers in the automotive sector, enhancing commerce through digital solutions. The company focuses on creating a marketplace that improves access to auto loans, quality maintenance, aftersales services, and warranty solutions. By offering a comprehensive digital infrastructure, Autochek aims to streamline the coordination and maintenance of vehicle records, facilitating smoother transactions and interactions within the car market.

SeamlessHR

Seed Round in 2020
SeamlessHR is building Africa’s first enterprise-grade, cloud-based HR platform. SeamlessHR’s end-to-end suite helps medium to large-sized companies automate and optimise their entire HR process from recruitment to retirement. SeamlessHR offers powerful technology that is well priced for emerging markets. The product suite includes a Recruitment Management System, Core HR Management, Performance and Competency Management, Payroll Management, Leave Management, HR Analytics and several other modules.

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.

CNote

Seed Round in 2020
CNote is an investment platform that earns a better return while investing in the causes and communities that matters. CNote rewards great savers with alternative financial vehicles that earn more - safely and simply. Their first product, CNote Savings, helps good savers earn up to 2.5% annual return -- that's 35x more than a traditional savings account. The was founded in 2016 by two women with decades of experience working in finance, venture capital, and private equity. CNote is headquartered in Oakland, California.

Pngme

Seed Round in 2020
Pngme is an all-inclusive mobile finance platform with mobile payments, savings, and a digital-footprint-based credit score giving MSME's (Micro, Small, and Medium Enterprises) and un/underbanked consumers access to finance.

Carry1st

Seed Round in 2020
ADG Technology Inc. designs and develops interactive mobile applications for African consumers. The company matches gaming demand in Africa to the youth’s demands. The company's products include Carry1st Trivia and Hyper! games. ADG Technology Inc. was founded in 2018 and is based in New York, New York.

LipaLater

Seed Round in 2020
Lipa Later is a facility that provides electronic loans, business loans, and salary loans to individuals and businesses in the low to middle income bracket in Kenya. The company is based in Nairobi, Kenya.

Atlas Energy Systems

Seed Round in 2019
Atlas Energy Systems is an energy technology company commercializing the direct heat-to-energy science of Thermionics. The technology is called a thermionic energy converter and it directly converts heat to electricity with no moving parts. The company developing solid-state energy converters for waste heat power production, concentrated solar, and advanced nuclear reactors. Atlas Energy Systems pursuing a patent-pending direct energy conversion system that uses high-grade heat to boil electrons from a material via thermionic emission. These boiled-off electrons are collected across a small gap, then used to generate electricity. They using modern materials, new simulation software, and advanced manufacturing techniques to bring a 50-year-old technology into the 21st century. Atlas Energy Systems was founded in 2013 and is headquartered in Romeoville, Illinois, USA.

Workstyle

Seed Round in 2019
Workstyle Africa, founded in 2018 and located in Westlands, Nairobi, specializes in developing, operating, and leasing office spaces tailored for startups, entrepreneurs, SMEs, freelancers, and consultants. The company offers a range of options including co-working spaces, private offices, dedicated desks, virtual office services, and meeting rooms. By providing conducive and flexible work environments, Workstyle Africa aims to support businesses at various stages of growth, fostering collaboration and networking opportunities among its clients.

Lynk Jobs

Venture Round in 2019
Lynk Jobs Limited operates a digital platform that connects informal workers with households and businesses seeking various services. Founded in 2015 and headquartered in Nairobi, Kenya, Lynk provides a network of professionals and artisans across multiple categories, including cleaning, plumbing, cooking, painting, carpentry, and wellness. Users can describe their project or service needs, receive quotes from verified professionals, and benefit from streamlined logistics. The platform also focuses on addressing the challenges faced by informal workers by facilitating effective recruitment, smart job matching, and a customer rating system that enables workers to enhance their skills profile. Additionally, Lynk offers training courses aimed at personal and professional development for its network of service providers.

SparkMeter

Seed Round in 2018
SparkMeter, Inc. specializes in developing electricity metering systems tailored for rural and central utilities in developing markets. The company offers a range of products, including the SM16R for residential customers, the SM60R for larger residential needs, the SM60RP for medium commercial or industrial clients, and the SM200E for post-paid metering of large customers. In addition to hardware, SparkMeter provides software solutions designed to improve grid efficiency and asset performance for microgrids and distribution utilities in remote areas. Their offerings facilitate prepaid billing, enhance customer communication, and enable remote monitoring and control. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, SparkMeter aims to increase access to electricity in underserved markets and hard-to-reach locations.

Appzone Group

Seed Round in 2018
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.

Asoko Insight

Series A in 2018
Asoko Insight is Africa’s leading corporate information platform, providing market mapping solutions to investment firms, banks, corporates and governments looking for research on Africa’s key private sector landscapes. Users can access industry reports, supply chain analyses, and a database of companies to help with origination, business development and due diligence. The company's local research analysts, based out of several regional offices, work with executives and data partners to monitor corporate data from key companies in the region. As Asoko consolidates their footprint in the largest economies, they are also expanding data collection operations to surrounding countries across the continent.

Medsaf

Seed Round in 2018
Medsaf is a pharmaceutical supply chain company based in Lagos, Nigeria, founded in 2014. It specializes in the delivery of medications, including antacids, antiviral drugs, antineoplastics, and various supplements, to hospitals, pharmacies, clinics, NGOs, and government entities. Medsaf aims to enhance the availability, affordability, and quality of medications in emerging markets through its end-to-end procurement platform. The company utilizes technology to automate and finance medication procurement, integrating logistics, quality control, and financing services. With a focus on data analytics and blockchain, Medsaf provides stakeholders with essential information regarding the movement of medications, ensuring a more efficient supply chain. The company also offers its products online, expanding access to vital healthcare resources.

KOKO Networks

Seed Round in 2017
KOKO Networks Ltd is a technology company founded in 2014 and headquartered in Nairobi, Kenya. It operates in emerging markets, particularly in East Africa and India, focusing on smart commerce solutions. KOKO Networks offers a unique platform that connects suppliers, retailers, and customers, facilitating the delivery of various consumer and business services aimed at enhancing urban life in Africa. By leveraging its technology, KOKO Networks aims to improve accessibility and efficiency in commerce, contributing to the development of urban economies in the region.

4G Capital

Seed Round in 2016
4G Capital, founded in 2013 and based in Nairobi, Kenya, specializes in providing instant access to credit for small businesses in Africa, particularly targeting the informal market. The company offers unsecured debt funding and financial literacy training tailored for micro-enterprises, including micro-business owners, rural traders, and female entrepreneurs. With a focus on enhancing sustainable growth, 4G Capital employs proprietary machine learning technology to gain insights into traditionally underserved sectors, allowing them to design scalable credit products that align with their clients’ financial circumstances. Clients can access loans via mobile money in under two minutes, facilitating quick and efficient funding. The company addresses the significant finance gap faced by micro and small enterprises in Africa, which often struggle to secure credit due to stringent collateral requirements. 4G Capital has achieved impressive metrics, including a collection rate exceeding 94% and a notable increase in client revenues. With operations in Kenya and Uganda, 4G Capital is expanding its reach across the continent, aiming to positively impact over 1 million people while fostering financial literacy and business success.

Asoko Insight

Seed Round in 2015
Asoko Insight is Africa’s leading corporate information platform, providing market mapping solutions to investment firms, banks, corporates and governments looking for research on Africa’s key private sector landscapes. Users can access industry reports, supply chain analyses, and a database of companies to help with origination, business development and due diligence. The company's local research analysts, based out of several regional offices, work with executives and data partners to monitor corporate data from key companies in the region. As Asoko consolidates their footprint in the largest economies, they are also expanding data collection operations to surrounding countries across the continent.

Asoko Insight

Seed Round in 2015
Asoko Insight is Africa’s leading corporate information platform, providing market mapping solutions to investment firms, banks, corporates and governments looking for research on Africa’s key private sector landscapes. Users can access industry reports, supply chain analyses, and a database of companies to help with origination, business development and due diligence. The company's local research analysts, based out of several regional offices, work with executives and data partners to monitor corporate data from key companies in the region. As Asoko consolidates their footprint in the largest economies, they are also expanding data collection operations to surrounding countries across the continent.