Timon Capital is a venture capital firm founded in 2018 and headquartered in Lagos, Nigeria, with an additional office in New York City. The firm specializes in investing in seed and early-stage startups and actively participates in growth stage equity financing on a global scale. Timon Capital has a regional focus on the United States and Sub-Saharan Africa, seeking to support innovative companies in these markets.
OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products.
Waza
Debt Financing in 2024
Waza is a web platform that provides payment software designed to assist startups and businesses in emerging markets, particularly in Africa. The platform offers APIs that enable organizations to manage cash flow issues, invoicing needs, and international payment requirements. By addressing liquidity challenges and facilitating efficient bill payment systems, Waza helps businesses navigate their financial operations more effectively and affordably.
Zone
Seed Round in 2024
Zone is a regulated blockchain network that facilitates payments and the acceptance of digital currencies. As a blockchain services company, it provides a secure infrastructure that supports various financial transactions in the digital economy. By leveraging advanced blockchain technology, Zone aims to enhance the efficiency and transparency of payment processes, making it easier for businesses and consumers to engage in digital currency transactions. Its focus on regulatory compliance ensures that its services meet the necessary legal standards, fostering trust and reliability in the evolving landscape of digital finance.
Nuzo
Seed Round in 2024
Nuzo operates an e-commerce marketplace that provides users with loyalty tokens through a blockchain-based money platform. The company focuses on offering cost-effective payment solutions and crypto rewards, allowing users to earn tokens while shopping. Nuzo also features options for staking and bill payments, creating additional avenues for users to save and earn. By facilitating the trading of reward tokens, Nuzo enhances the user experience and broadens the accessibility of digital currencies across the country.
Kaya Pay
Pre Seed Round in 2024
Kaya Pay is a developer of a materials procurement and financing platform intended for construction projects.
Cutr
Seed Round in 2024
Cutr is a company that provides innovative woodworking solutions to designers and manufacturers through an online marketplace platform. It offers software that analyzes CAD files to generate quotes, helping to reduce production costs and minimize wood waste. The platform includes features such as automated quoting, file checks, and job package creation, which streamline the ordering process for wooden parts. Additionally, Cutr facilitates logistics and payments, enabling woodworking professionals to enhance efficiency and maintain quality throughout their projects. By optimizing designs and tracking changes, Cutr supports a seamless workflow for its users in the woodworking industry.
Tutor Intelligence
Seed Round in 2024
Tutor Intelligence is an information technology company focused on robotics, artificial intelligence, and machine learning. The company develops collaborative robots, or cobots, designed to perform repetitive tasks in industrial settings. These robots are engineered for quick deployment and are positioned as affordable, drop-in solutions for various functions such as picking, packing, sorting, and inspection. By enabling seamless automation, Tutor Intelligence allows businesses to scale operations efficiently while repurposing their workforce without incurring transition costs. This innovative approach provides companies of all sizes with the tools to enhance productivity and streamline material handling processes.
Untapped
Seed Round in 2023
Untapped Global is a company focused on transforming investment in emerging markets by providing a data-driven platform that connects global investors with high-growth businesses. The platform utilizes an innovative Smart Asset Financing model that tracks the usage and revenue of productive assets in real-time, allowing investors access to transparent and secure investment opportunities. With a presence in San Francisco, Brussels, and across Africa, Untapped aims to foster shared prosperity by unlocking economic opportunities in regions where they are most needed. By facilitating connections between small businesses and international investors, the platform enhances transparency and reduces risk, ultimately enabling higher returns on investment in these markets.
Indigo
Venture Round in 2023
Indigo is an agricultural technology company dedicated to enhancing the sustainability and productivity of agriculture through the use of beneficial plant microbes. The company leverages a database of genomic microbe information to identify and apply specific microbes that can optimize crop health and yield. By offering these microbes as a seed coating, Indigo aims to help farmers reduce risks associated with crop production, ultimately increasing profitability. In addition to its focus on microbial solutions, Indigo provides various services, including information, advice, assessment, training, and funding, to support farmers in improving their practices. The company's efforts are designed not only to benefit growers but also to contribute to more efficient food production methods, such as reducing water usage and minimizing reliance on nitrogen fertilizers and pesticides.
Nestcoin
Seed Round in 2023
Nestcoin is a web3 application company that builds, operates, and invests in crypto-native products.
Cloudline
Pre Seed Round in 2023
Cloudline focuses on providing logistics solutions that connect isolated communities to the global supply chain through innovative drone deliveries. Utilizing lighter-than-air technology and solar power, the company offers emissions-free aviation services, primarily through long-range autonomous airships. These airships are capable of transporting large payloads and conducting data gathering, maintenance inspections, and surveillance. By enabling access to international aid for remote villages, island nations, and disaster-affected areas, Cloudline addresses the critical need for efficient logistics without the reliance on expensive infrastructure. The company's approach aims to improve connectivity and support for communities that are often overlooked.
FarmWorks
Seed Round in 2023
FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
Dot
Seed Round in 2023
Dot is improving the financial wellbeing of Nigerians.
Omnibiz
Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.
Novek
Seed Round in 2022
Novek builds IOT technology to completely eliminate single use plastic from FMCG Supply chains.
Thepeer
Seed Round in 2022
Thepeer specializes in providing a technology infrastructure that facilitates cross-business transactions through its online platform. This platform connects various digital wallets, including mobile money and banking services, and potentially cryptocurrency. By offering user-friendly alternatives for consumers and robust APIs for developers, Thepeer enables businesses to efficiently conduct transactions, direct charges, and other functions seamlessly across different business platforms. The company's solutions aim to streamline the transaction process, making it faster and more effective for both businesses and their customers.
Buoy Pay
Seed Round in 2022
Buoy Pay is a financial services provider focused on supporting remittance companies and payment aggregators. The company offers on-demand float solutions that assist these businesses in managing their liquidity needs effectively. By providing timely access to funds, Buoy Pay enables treasury managers to maintain control over liquidity shortages, ensuring that payment operations can continue smoothly. This service is essential for remittance and payment firms that require immediate access to capital for their transactions.
Eksab
Seed Round in 2022
Eksab operates an online daily fantasy sports platform that caters to the Middle Eastern and African markets. Founded in 2017 and based in Cairo, Egypt, Eksab allows users to draft teams and make predictions about live football games, earning points based on the accuracy of those predictions. The platform has gained significant traction, having processed over 20 million games and achieving the rank of #1 on the Google Play Store's Top Trending List. Eksab's offerings include a variety of fantasy, prediction, and trivia games, enabling users to engage with friends in a fun and competitive manner.
Ceviant
Venture Round in 2022
Ceviant Finance specializes in cloud-based treasury and payment automation solutions. The company provides a comprehensive platform that facilitates cash liquidity management, virtual accounts, receivables management, electronic invoicing, and treasury management. Additionally, Ceviant offers services that assist in cash forecasting and provide credit options to finance international trade, enabling businesses to manage multiple bank accounts and centralize their payment processes effectively.
HoneyCoin
Seed Round in 2021
HoneyCoin is a cryptographic payment and monetization platform that facilitates peer-to-peer transactions, allowing users to connect and transact with friends and family globally at any time. The platform is designed to empower creators, particularly in Africa, by enabling them to monetize their content and earn income from their talents. Users can receive payments instantly, enhancing the overall efficiency of financial interactions within the platform. HoneyCoin aims to bridge the gap between creators and consumers, providing a seamless way for individuals to earn and withdraw their earnings.
Autochek
Seed Round in 2021
Autochek is an automotive technology company that aims to build digital solutions.
Sendbox
Seed Round in 2021
Sendbox is a platform that offers infrastructure for shipping and escrow payments, specifically designed to support e-commerce activities on social media platforms such as Instagram, Facebook, and WhatsApp. The service enables merchants and customers in North America, Europe, and Africa to engage in secure online transactions. By identifying trustworthy merchants and utilizing an escrow system for payments, Sendbox ensures a safe purchasing environment. Additionally, the platform provides shipping solutions that allow users to send items to both domestic and international destinations at discounted rates through partnerships with various delivery services. This comprehensive approach facilitates convenient e-commerce operations for businesses and consumers alike.
Shara
Seed Round in 2021
Shara is a mobile application that provides a digital platform designed for consumer goods companies in developing markets. It offers tools for managing business operations, including features for sending receipts and invoices, tracking outstanding payments, and sending scheduled reminders and customized professional statements. Additionally, Shara includes a free and secure wallet, allowing clients to organize their finances effectively. By offering these services at no cost, Shara aims to assist businesses in systematically growing and enhancing their sales capabilities.
Omnibiz
Seed Round in 2021
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.
Decagon
Seed Round in 2021
Decagon is a Lagos-based company specializing in transforming high-potential individuals into skilled technology professionals through its rigorous merit-based training programs. Founded in 2018, Decagon recruits the top 0.5% of tech talent in Africa and focuses on developing world-class software engineers proficient in various programming languages and methodologies, including Node, Java, iOS, Android, C#, and Python. The company operates a software engineering academy that equips its graduates with deploy-ready skills, serving leading companies globally, including those in Austin, New York City, Berlin, London, and Rome. In addition to training, Decagon offers recruiting services, ongoing HR management, and custom onboarding, providing businesses with vetted remote software engineering talent tailored to their specific needs.
Cloudline
Seed Round in 2021
Cloudline focuses on providing logistics solutions that connect isolated communities to the global supply chain through innovative drone deliveries. Utilizing lighter-than-air technology and solar power, the company offers emissions-free aviation services, primarily through long-range autonomous airships. These airships are capable of transporting large payloads and conducting data gathering, maintenance inspections, and surveillance. By enabling access to international aid for remote villages, island nations, and disaster-affected areas, Cloudline addresses the critical need for efficient logistics without the reliance on expensive infrastructure. The company's approach aims to improve connectivity and support for communities that are often overlooked.
Schoolable
Seed Round in 2021
Schoolable is a fintech company focused on providing financial management solutions specifically for educational institutions. It offers an expense management platform designed to streamline school operations by facilitating easy reconciliation, student invoicing, and multiple payment channels. The platform includes features that allow schools to track partial payments, manage discounts, and oversee employee payroll, while also ensuring that vendors are paid through an approved transaction flow. Additionally, Schoolable's invoicing software, which is linked to a separate bank account for families, helps automate payment reminders for parents, making it easier for them to manage tuition payments. The company is committed to enhancing educational reform by improving financial infrastructure within schools.
Kasi Cloud
Venture Round in 2021
Kasi Cloud builds data center platforms for hyperscale and enterprise clouds. They provide technology and solutions to accelerate digital transformation and the cloud. They offer local, regional, and global interconnections.
Okja
Seed Round in 2021
Okja is a food and beverage company that specializes in producing natural, plant-based products aimed at promoting health and wellness. The company offers a range of items, including plant-based milk, oat milk, and creamy milk blended with superfoods, as well as chocolate chip cookies. These products are designed to be delicious and nutritious, providing consumers with simple, animal-free options to support their energy and overall well-being throughout the day.
Victory Farms
Venture Round in 2020
Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.
Wasoko
Series A in 2020
Wasoko is an e-commerce platform designed to connect small shops with the digital economy across Africa. By facilitating access to essential goods and services, it enhances sales and market reach for companies in emerging markets. The platform allows informal retailers to conveniently order products anytime through SMS or a mobile app, ensuring free same-day delivery to their stores. This service simplifies the sourcing process for shopkeepers while helping manufacturers maintain consistent product availability for consumers. Overall, Wasoko plays a significant role in fostering trade and economic growth in the region.
mPharma
Venture Round in 2020
mPharma is a company focused on improving access to affordable medications for patients in emerging markets. Established in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with pharmaceutical manufacturers, health insurance providers, financial institutions, and governments to facilitate the direct delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory effectively, ensuring that essential chronic disease medications are available at sustainable prices. By enabling doctors, patients, and pharmacists to connect with a network of high-quality medicines, mPharma aims to enhance the overall accessibility and affordability of healthcare for underserved populations.
Carepoint Hospitals
Venture Round in 2020
CarePoint Hospitals is a chain of healthcare facilities that provides optimized and patient-centered services to patients. They provide services that include outpatient care, inpatient care, mother and child care, specialist care, general surgery, lab and diagnosis, obstetrics and gynecology, pharmacy, urology, ambulance services, and more.
ZUMI
Seed Round in 2020
ZUMI, founded in 2016 and headquartered in Nairobi, Kenya, operates as an online magazine and a retail platform focused on fashion, beauty, food, and living. The company connects wholesalers and retailers within a transparent marketplace, empowering women retailers through technology, logistics, and financial services that facilitate business growth. Customers can place orders via SMS, phone calls, or through ZUMI Agents. ZUMI collects orders from suppliers early each morning, ensuring fast delivery to customers, typically within 18 hours. Payment is made conveniently through mobile money, allowing for a seamless shopping experience.
Lori Systems
Series A in 2019
Lori Systems is a logistics platform based in Nairobi, Kenya, that connects transporters with cargo owners across Africa. Founded in 2016, the company also has offices in Mombasa, Uganda, and Lagos. Lori addresses a significant challenge in the African logistics sector, where up to 75% of product costs can be attributed to logistics, compared to only 6% in the United States. The platform provides a tech-enabled and operations-driven marketplace that enhances transparency, flexibility, reliability, and cost efficiency, achieving savings of over 18% for users. It offers real-time tracking of cargo, automated documentation, and streamlined payment processes, facilitating smoother goods transportation across the continent. Since its product launch in May 2017, Lori has experienced rapid growth, with a compounded monthly increase of 30%. The demand for its services continues to rise, supported by recent investments from prominent institutional and strategic investors. The company has also received recognition, including winning Techcrunch Battlefield Africa.
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