Wuri Ventures

Wuri Ventures, established in 2019 and based in Dakar, Senegal, is a venture capital firm dedicated to fostering innovation that bridges market-based solutions and public goods. The firm recognizes the potential for significant advancements in Africa, particularly in addressing market failures such as information asymmetry, fragmentation, and essential public services like electricity and mobility. By leveraging unique mathematical concepts, including cellular automata and emergence, Wuri Ventures connects ancient African cultural insights with contemporary technological solutions. The firm is committed to supporting exceptional entrepreneurs who are tackling some of the continent's most pressing challenges, with a focus on sectors such as beverages, health technology, financial services, and technology.

Tijan Watt

General Partner

18 past transactions

Cauri Money

Seed Round in 2024
Cauri Money is a financial services company that offers users a comprehensive platform for money management and transfer. It provides a wallet and a BG IBAN, allowing users to exchange, save, manage, and send money easily. The platform includes features such as peer-to-peer payments, as well as virtual and physical Mastercards. Cauri Money also facilitates wallet recharge, phone recharge, and invoice payments, making it particularly useful for sending money to Africa and managing daily expenditures. The service is accessible to anyone, regardless of their banking affiliation, and includes support from a dedicated financial supervisor.

Kwely

Venture Round in 2024
Kwely is a fast-growing startup that operates an online marketplace platform focused on the B2B market. The platform specializes in offering wholesale products, featuring customization and white-label options through collaborative production with various suppliers. This approach ensures high-quality service from production to delivery while leveraging technology to enhance accountability and transparency in payments, logistics, and marketing. By providing suppliers with tools to facilitate business growth, Kwely aims to streamline the wholesale process and improve overall efficiency.

Fig Finance

Seed Round in 2024
Fig Finance is a developer of financial software that addresses the credit gap in emerging markets by offering liquidity infrastructure. The company connects businesses with global capital, facilitating access to essential financial resources. By providing a suite of tools tailored for small business owners, Fig Finance empowers them to achieve financial independence. The platform aims to enhance credit accessibility, ensuring that businesses can secure the funding necessary for growth and sustainability.

Kera

Seed Round in 2024
Kera is an AI-powered platform augmenting healthcare providers and communities for healthier lives in Senegal and beyound.

MoPhones

Seed Round in 2023
MoPhones is the marketplace of premium foreign renewed mobile devices.

Nestcoin

Seed Round in 2023
Nestcoin is a web3 application company that specializes in creating, operating, and investing in crypto-native products. The firm develops cryptocurrency investment software that allows investors to construct and invest in products focused on the digital asset space. Its offerings encompass a wide range of sectors, including decentralized finance, media, digital art, and gaming. By enabling clients in the crypto markets to access tailored crypto solutions, Nestcoin aims to enhance the investment experience for users interested in cryptocurrency.

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.

Garage Mobility

Pre Seed Round in 2022
Garage Mobility is a leading automotive technology company in Africa that focuses on enhancing the region's auto servicing network. By connecting manufacturers and distributors with fleets, retailers, and mechanic shops, Garage Mobility facilitates efficient communication and operations within the automotive industry. The company provides advanced software solutions for inventory management, shop management, and eCommerce, which support the distribution of auto parts and services. Additionally, Garage Mobility aims to promote sustainable transportation by improving access to affordable and eco-friendly vehicles across the continent. Through its innovative digital infrastructure, the company plays a crucial role in the transition towards more efficient and sustainable automotive solutions in Africa.

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.

Norebase

Pre Seed Round in 2022
Norebase is a provider of intellectual property services focused on facilitating business growth in Africa. Recognizing the complexities of the African market, the company leverages technology to streamline the process of establishing and scaling businesses across the continent. Norebase offers services that include the setup and registration of trademarks, enabling clients to upload necessary documents and secure a registered company along with a tax identification number efficiently. This approach allows businesses to operate in Africa with reduced hassle and minimal risk, ultimately supporting their expansion into global markets.

Red Bay Coffee

Venture Round in 2022
Red Bay Coffee Company LLC, founded in 2014 by Keba Konte in Oakland, California, operates as a specialty coffee roasting business committed to quality, sustainability, and social impact. The company offers a diverse range of whole-bean and specialty coffee products, which are sourced, developed, and roasted with a focus on environmental sustainability and inclusivity. Red Bay Coffee also provides coffee catering services for events and sells merchandise, including T-shirts and gifts, through its online platform. The company is dedicated to fostering diversity and inclusion within the coffee industry, particularly by supporting communities that have been historically marginalized, such as people of color, women, and the formerly incarcerated. Through its mission, Red Bay Coffee aims to create unity and promote economic restoration while delivering high-quality coffee to consumers.

Kotani Pay

Seed Round in 2022
Kotani Pay is a technology platform designed to facilitate the integration of blockchain protocols, decentralized applications (dapps), and blockchain fintech companies with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables these organizations to effectively reach a broader customer base, particularly those who primarily utilize mobile money services. The platform streamlines the connection between blockchain solutions and local payment methods, allowing clients to concentrate on enhancing their payment channels within the mobile money ecosystem.

Carry1st

Series A in 2022
Carry1st is a mobile games publisher focused on social games and interactive content, primarily in frontier markets like Africa. Founded in 2018 by Cordel Robbin-Coker, Lucy Hoffman, and Tino Mundangepfupfu, the company has assembled a diverse team of 29 professionals from 14 countries, drawing talent from notable organizations such as Carlyle, King, and Jumia. Carry1st offers a comprehensive platform for game developers that includes publishing, distribution, localization, user acquisition, marketing, customer experience, and monetization services. This approach enables developers to collaborate with global content owners and tap into previously underserved markets. The company has successfully raised over $10 million in funding, including a recent $7 million Series A led by prominent investors such as Riot Games and Konvoy Ventures. The funds will be utilized to enhance its existing game portfolio, foster new partnerships with international gaming studios, and expand its workforce.

Wave Mobile Money

Venture Round in 2022
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.

Kotani Pay

Seed Round in 2021
Kotani Pay is a technology platform designed to facilitate the integration of blockchain protocols, decentralized applications (dapps), and blockchain fintech companies with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables these organizations to effectively reach a broader customer base, particularly those who primarily utilize mobile money services. The platform streamlines the connection between blockchain solutions and local payment methods, allowing clients to concentrate on enhancing their payment channels within the mobile money ecosystem.

WhereIsMyTransport

Series A in 2021
WhereIsMyTransport Ltd is a mobility technology company focused on providing comprehensive public transport data for megacities in emerging markets. Headquartered in London, with an additional office in Cape Town, the company specializes in digitalizing network information from various modes of public transport across Africa, Latin America, Southeast Europe, and South and Southeast Asia. By employing a data collection playbook, WhereIsMyTransport maps both formal and informal transport networks, ensuring data accuracy as these systems evolve. The company's platform serves businesses, municipalities, and citizens, enhancing the public transport experience and facilitating informed decision-making for infrastructure improvements and market entry.

Tambua Health

Seed Round in 2020
Tambua Health specializes in the development of medical diagnostic devices and software aimed at improving the diagnosis and treatment of respiratory diseases, particularly in low-resource areas. Founded in 2018 by Daniel Gathigai and Lewis Wanjohi, the company employs innovative acoustic technology for non-invasive and radiation-free lung imaging and function testing. Its offerings include an automatic cough segmenter that detects cough episodes in continuous recordings, as well as a device that utilizes sound to visualize lung conditions. This technology provides medical professionals with valuable backend analytics, facilitating a comprehensive understanding of respiratory health data.

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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