Tony Elumelu Foundation

Tony Elumelu Foundation is a Lagos-based independent nonprofit organization established in 2010 that supports entrepreneurship and leadership development across Africa. It promotes economic growth and social development by nurturing the next generation of business leaders through entrepreneurship development programs and leadership training, providing guidance, mentorship, and resources to aspiring African entrepreneurs.

Awele Elumelu Ph.D

Co-Founder and Trustee

Tony Elumelu

Co-Founder

26 past transactions

Dalmar

Grant in 2024
Dalmar is a groundbreaking platform transforming tourism in Africa by connecting global travelers with authentic, undiscovered local experiences. Aiming to become the "Booking" of Africa, Dalmar offers users the opportunity to explore and book unique adventures across all African countries, striving to double the number of international tourists visiting the continent. Built on core values of Adventure, Transparency, Safety, Sharing, and Authenticity, DalmarApp ensures unforgettable and secure journeys for every traveler. With an extensive network of local partners, our platform provides access to a wide range of accommodations, activities, and guided tours, all tailored to showcase Africa's diverse cultures and landscapes. DalmarApp's commitment to excellence and innovation sets it apart as a leader in African tourism, creating meaningful connections and memorable experiences for travelers worldwide.

Tetafi

Grant in 2024
Tetafi an AI-powered financial management platform that helps informal businesses, startups, and entrepreneurs manage their daily transactions through a conversational interface on WhatsApp.

Dawa Health

Pre Seed Round in 2022
Dawa Health delivers remote maternal healthcare via a digital platform, empowering expectant mothers in emerging markets. It leverages AI-powered multilingual technology and trained clinicians/community health workers for timely monitoring of key parameters.

Goliath Aerospace Technology

Seed Round in 2022
Goliath Aerospace technology – a professional drone service provider specialized in aerial data collection, analysis and consultancy in agriculture and forestry. Information collected can be utilized for crop diagnosis of pests and diseases, crop nutrient management, deforestation monitoring, carbon capture readings and forest fire prevention. It’s fast, effective and does not upset the natural balance.

CLIVICE

Grant in 2021
Clivice Limited, headquartered in Nairobi, is a creative mobile application company that leverages technology to deliver services to end consumers.​ ​

Evet

Grant in 2021
Livestock animal healthcare in Africa is fundamentally broken. In a place like Nigeria, for every 100,000 livestock farmers there is less than 5 veterinary doctors to serve them and even very limited veterinary diagnostic laboratories to assist animal healthcare experts to better diagnose and treat effectively. This further affects our food system as about 40% livestock animals are lost to diseases annually. At Evet we are committed to solving this problem by building an end to end tech enabled solution that conveniently delivers quality animal healthcare to farmer's door step. Our solution is making it ten times faster and cheaper for farmers and veterinarians to detect diseases early enough and prevent diseases outbreak

NAYAMAX

Grant in 2019
NAYAMAX is a pan-African e-commerce ecosystem empowering SMEs to thrive in the digital economy through integrated solutions. Combining a SaaS platform for easy online store creation, OUCEST (a geolocation and digital addressing system for optimized logistics), and E-commerce Connect (an advocacy network for regulatory harmonization), NAYAMAX bridges the gap between informal commerce and modern digital infrastructure. Key Offerings: 1- SaaS Platform: Enables SMEs to build and manage online stores without technical skills. 2- OUCEST: Streamlines last-mile delivery with AI-powered addressing, adopted by multinationals. 3- E-commerce Connect: Advocates for standardized e-commerce policies across Africa via partnerships with institutions like the Association of e-commerce actors of Burkina Faso Backed by Founder Institute. Vision: Democratize e-commerce access for 100,000 African SMEs by 2030 and position OUCEST as the continent’s addressing standard. Key Differentiators: 1- All-in-One Ecosystem: Unifies SaaS, logistics, and policy advocacy. 2- Offline-First Approach: Mobile app with SMS sync for low-connectivity regions. 3- Community-Driven: Locally adapted solutions co-built with SMEs.

SourceMyGadgets

Grant in 2019
SourceMyGadgets operates a digital platform that provides personalized electronics recommendations to consumers. The platform suggests suitable gadgets based on user preferences, offers financing options and insurance, and connects customers with suppliers, streamlining the buying process according to budget and specifications.

Medtech Africa

Grant in 2019
Medtech Africa provides a medical platform (Forcardio) that enables caregivers to use health monitoring to manage and improve the care of their patients. We provide easy access to continuous medical care for cardiovascular disease management and care in emerging markets. We provide cost-effective and simplified tools that provide proactive, personalized, and timely information about people living with chronic conditions such as diabetes, hypertension, and heart failure.

Green Republic

Grant in 2019
Green Republic leverages technology to harvest recyclable materials direct from post consumers while unlocking and offering them assorted benefits for their everyday waste. We also formalise the role of waste pickers by up-skilling, equipping, capturing date, business intelligence, and offering them better renumeration and working conditions. We then process and sell baled or washed PET, HDPE and PP chips. We also fabricate biogas production systems using locally sourced materials, which enables us to offer a complete waste management solution to businesses, individuals, households and communities in Nigeria. Green Republic is building a decentralised recycling platform with microcredit functions, which will be launched in Nigeria first. Our mission is to collect 170 million PET & UBC in our first 7 years of engagement, while targeting and empowering undeserved demographics and communities.

Chil Ai

Grant in 2019
Chil AI Lab is a technology company focused on enhancing access to reproductive health and cancer diagnosis for women across Africa. The organization utilizes artificial intelligence to provide a range of services that include e-consultation, e-medical records, e-referral, automated lab results, and e-pharmacy. By leveraging innovative technology, Chil AI Lab aims to improve healthcare outcomes and streamline the medical process for women, addressing critical health needs on the continent.

LegitCar

Grant in 2017
LegitCar is focused on combating vehicle theft in Nigeria through its automated theft-status check service, which caters to both individuals and businesses. By providing this service, LegitCar aims to prevent stolen vehicles from being resold or misused, thereby acting as a deterrent to theft and enhancing community safety. In addition to its theft prevention efforts, LegitCar operates an online marketplace that simplifies the buying and selling of used cars. The platform ensures a secure and transparent transaction process by offering detailed vehicle listings, history reports, and secure payment options. This comprehensive approach not only helps consumers make informed purchasing decisions but also supports effective law enforcement and vehicle insurance processes by providing essential vehicle data.

HelpMum

Grant in 2017
HelpMum is a digital social enterprise operating in Africa, focused on reducing maternal and infant mortality. It offers a mobile platform that includes a vaccination tracker and AI-driven reminders, helping parents adhere to immunization schedules. Additionally, HelpMum distributes clean birth kits to underserved areas, further supporting maternal and infant health. The company leverages mobile technology and low-cost innovation to tackle these critical health challenges.

Paat Soil Clinic

Pre Seed Round in 2017
Paat Soil Clinic is a one-stop shop for all healthcare services related to soil. Its goal is to raise smallholder farmers' household incomes. Its objective is to use creative soil testing techniques to boost soil productivity and yield among rural smallholder farmers. Its goal is to increase incomes and food security by increasing farm productivity and providing access to farming knowledge.

ZPOS

Grant in 2016
ZPOS is a technology company that specializes in developing business management systems, primarily focused on point-of-sale software. The company provides a comprehensive suite of tools that includes inventory management, credit customer tracking, discount offerings, and the capability to add new stock. Additionally, ZPOS enables users to save transactions for later processing, enhancing operational efficiency. Beyond its software solutions, ZPOS also offers IT-related consulting services, aimed at helping small and medium-sized enterprises and non-governmental organizations optimize their performance and profitability.

eFarm.cm

Grant in 2016
eFarm.cm is an eCommerce and value chain partner focused on agribusiness, providing a comprehensive platform for showcasing and selling agro-pastoral products from Cameroon and Africa to global buyers. The company facilitates the marketing of agricultural goods by connecting farmers and agricultural dealers with consumers through an online marketplace that incorporates information and communication technology. In addition to offering a robust platform for transactions, eFarm.cm supports producers with technical assistance and logistics for production, harvesting, and post-harvest management, especially in hard-to-reach farming communities. The firm also engages in the production, purchase, preservation, and sale of agricultural products to ensure reliable, consistent supply. Furthermore, eFarm.cm operates an academy dedicated to training and practicing agriculture, promoting knowledge and skills development within the sector.

Tuteria

Grant in 2016
Tuteria is an online marketplace in Nigeria that connects students with private tutors for academic subjects, exam preparation, and various skills. The platform matches learners with teachers whose qualifications are verified and offers one-on-one lessons in areas such as science, languages, arts, music, photography, swimming, and other disciplines. Tutors are arranged for nearby locations, with services available in major cities including Lagos, Port Harcourt and Abuja. The company focuses on enabling accessible, personalized instruction through a network of home tutors and local instructors.

Jalo

Non Equity Assistance in 2016
Jalo is a hybrid technology and logistics solution developed and managed by Think Hat Firm. We are using technology to transform the way delivery works. With Jalo we are providing a way to conveniently move packages from one point to another in less than two hours. Jalo offers a revolutionary hyper local on-demand delivery service that connects customers with local businesses.

Smoothie Express

Grant in 2015
Smoothie Express offers freshly made smoothies.

RecyclePoints

Non Equity Assistance in 2015
RecyclePoints operates an incentive-based recycling scheme. It collects recyclable materials from consumers, rewarding them with 'Points' that can be redeemed for household items via its iRecycle store.

PriceInfo

Seed Round in 2015
PriceInfo is an online price comparison platform that specializes in assisting consumers with their shopping decisions by comparing prices across various e-commerce websites in Nigeria. The app boasts a comprehensive shopping index featuring over 100,000 products sourced from more than 50 different online stores, including major retailers like Jumia, Konga, Slot, Kaymu, Payporte, and Vconnect. By aggregating price information from these diverse platforms, PriceInfo aims to simplify the online shopping experience for its users, enabling them to make informed purchasing choices.

MyFoodyShop

Seed Round in 2015
MyFoodyShop is an e-commerce grocery delivery service company. Their products include packaged foods, fresh produce, oils and sauces, seasonings and spices, bulk purchases, and combo gift packs. They offer bulk, wholesale, and retail supply services of food stuffs such as rice, beans, garri, noodles, spaghetti, sardines, groundnut oil, palm oil, fresh tomatoes, fresh pepper, egusi, ogbono, fresh fruits, fresh vegetables, and any other food products that are needed based on demand.

FoodStantly

Grant in 2015
FoodStantly operates as a mobile-web marketplace that connects farmers and food traders directly with consumers and businesses. The platform enables users to purchase a variety of food items, ranging from grocery essentials for quick meals to restaurant deliveries and farm-fresh produce. By facilitating online sales, FoodStantly supports farmers and food traders in reaching a broader audience while providing last-mile hyperlocal delivery services. This comprehensive approach streamlines the food supply chain, making it easier for customers to access fresh products directly from their sources.

Purple Future Trust

Pre Seed Round in 2015
The Purple Future Trust develops STEM education tools and products for women and children in sub-Saharan Africa, especially those from underrepresented communities. We use STEM education to empower women and children by providing them with the resources, mentorship and training they need to develop their skills and confidence in the subject. Through our programs, we offer learners the chance to experiment with science and robotics kits, learn hardware assembly as well as software programming. In addition, our programs feature interactive activities to help strengthen their problem-solving skills. By engaging learners in this way, we hope to help them use STEM education as a tool to make a positive impact in their lives and the lives of others.

Mamamoni

Non Equity Assistance in 2015
Mamamoni empowers underserved women in Nigeria by providing digital financial services. It offers a network of women-led agents, secure transaction environments, and tailored financial education, enabling female entrepreneurs to enhance their financial independence.

Perfect ME & E

Pre Seed Round in 2013
500Shops provides software tools that help businesses sell their products online. It provides technology to help small and medium businesses grow into successful companies. The company was founded in 2013 by Clive Ayonye and Emotu Balogun. It is headquartered in Yaba, Lagos.
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