Investors in Nigeria

Showing 1-50 out of 468 matches

Techstars

Techstars Central LLC, founded in 2006 and based in Boulder, Colorado, operates as a startup accelerator and venture capital firm focused on supporting early-stage technology-oriented companies. It specializes in a mentorship-driven accelerator program, selecting ten startups each summer to participate in a three-month incubation period, offering funding of $120,000 in exchange for equity. Techstars invests primarily in sectors such as fintech, artificial intelligence, blockchain, augmented reality, and IoT, while avoiding investments in medical devices, healthcare technology, and local service-oriented businesses. In addition to its primary accelerator, Techstars has various specialized programs, including those focused on music, retail, mobility, and social impact, with global reach extending to regions such as Africa, Asia, and Latin America. The firm prefers taking minority stakes, typically between six and ten percent, without seeking board representation or investor rights. Techstars has built a robust network of entrepreneurs, mentors, and corporate partners to foster innovation and growth within its portfolio, which includes over 1,000 companies with a significant collective market capitalization.
Made 38 investments in Nigeria

South Suez Capital

South Suez Capital is a private equity fund of funds manager based in Mauritius, specializing in investments across Africa. Established in 2009, the firm caters to institutional investors, endowments, and high-net-worth individuals, offering them exclusive access to a range of primary, secondary, and direct private market investments. By leveraging a well-established local network, South Suez Capital enables investors to build diversified portfolios focused on the African market. The firm's investment strategy includes targeting commitments to African private equity funds, along with direct investments in operating companies as opportunities arise. Additionally, South Suez Capital maintains a commitment to environmental, social, and governance (ESG) principles in its investment approach.

Aruwa Capital

Aruwa Capital Management is a private equity and venture capital firm based in Lagos, Nigeria, specializing in early-stage and growth capital investments. The firm primarily targets small to lower middle market companies in Nigeria and Ghana, focusing on sectors such as consumer goods, healthcare, non-banking financial services, agro-processing, education, technology, and B2B services. Aruwa Capital Management is notable for being female-founded and led, and it typically makes investments ranging from $0.5 million to $3.5 million.
Made 2 investments in Nigeria

CDC Group

CDC Group, established in 1948, is the UK’s Development Finance Institution wholly owned by the government. Its primary mission is to foster business development in Africa and South Asia, aiming to create jobs and improve living conditions in some of the world’s most impoverished regions. CDC invests strategically in sectors where job creation is most needed, including manufacturing, agribusiness, infrastructure, financial institutions, construction, health, and education. By supporting businesses in these areas, CDC seeks to stimulate economic growth and enhance the private sector in regions where it is often underdeveloped. Through its portfolio, which includes numerous investee businesses, CDC has demonstrated a significant impact on job creation and local economies, contributing to tax revenues and ultimately improving the lives of individuals in the communities it serves.
Made 7 investments in Nigeria

International Finance Corporation

The International Finance Corporation (IFC) is a member of The World Bank Group that focuses on fostering sustainable economic growth in developing countries through private sector investment. It provides a range of financial services, including loans, equity investments, quasi-equity products, and advisory services aimed at supporting startups and various stages of company development. IFC invests in sectors such as agribusiness, financial services, health, education, infrastructure, global manufacturing, oil and gas, telecommunications, and tourism, with a particular emphasis on projects that promote food security, digital finance, and affordable healthcare. The organization targets investments ranging from $1 million to $100 million, often seeking minority stakes but may also take a majority position in its portfolio companies. IFC aims to create jobs, generate tax revenues, and enhance corporate governance in emerging markets, thus contributing positively to local communities. Established in 1956 and headquartered in Washington, D.C., IFC operates globally with offices across various regions, focusing its efforts on financing projects that align with its mission of improving lives in developing countries.
Made 14 investments in Nigeria

TLcom I

TLcom Capital is a venture capital firm established in 1999, with offices in Lagos, Nairobi, and London. The firm primarily focuses on technology-enabled companies across Sub-Saharan Africa, as well as in Europe, Israel, and the United States. TLcom Capital manages over $300 million, with a specific emphasis on early to growth-stage investments. In 2017, the firm launched the TLcom TIDE Africa fund, aiming to raise $100 million to support technology startups across Africa. The fund's investment sectors include fintech, commerce, consumer services, and corporate services, covering areas such as health, education, energy, and media.
Made 14 investments in Nigeria

Plug and Play

Plug and Play, founded in 2006 and based in Sunnyvale, California, operates as a business accelerator and venture capital firm that focuses on early-stage and seed investments in technology startups. The firm runs 12 industry-specific accelerator programs annually, connecting startups with corporate partners and investors to foster collaboration and growth. Plug and Play's investment strategy encompasses a wide range of sectors, including fintech, health and wellness, travel, cybersecurity, and sustainability, allowing it to support diverse startups from any country. The firm provides various resources, including funding, mentorship, office space, and networking opportunities, and has a global presence with offices in North America, Europe, and Asia. Plug and Play has a strong track record, having helped numerous startups secure over $9 billion in funding since its inception. Its programs aim to refine business models and facilitate introductions to potential investors, ultimately contributing to the growth of the startup ecosystem.
Made 12 investments in Nigeria

All On

All On is an independent impact investing company based in Nigeria, established in 2004 with initial funding from Shell. The organization focuses on increasing access to commercial energy products and services for unserved and underserved off-grid energy markets, particularly in the Niger Delta region. All On invests in various off-grid energy solutions, including solar, wind, hydro, biomass, and gas technologies. These investments are made in collaboration with both foreign and local companies that provide access to energy, aiming to complement existing grid power and address Nigeria's significant energy gap. Through its initiatives, All On seeks to enhance energy accessibility and contribute to sustainable development in the region.
Made 8 investments in Nigeria

Village Capital

Village Capital is a Washington, D.C.-based venture capital firm founded in 2009 that focuses on early-stage and seed investments in sectors such as agriculture, education, energy, financial services, and healthcare. The firm aims to empower entrepreneurs by employing a unique peer-support model, allowing entrepreneurs to select the ventures that receive pre-committed seed funding at the conclusion of its programs. Village Capital connects high-potential entrepreneurs with essential resources, fostering innovation and growth. It operates both a nonprofit that provides training for founders and a for-profit investment fund that invests in top program graduates, having supported over 1,000 entrepreneurs and more than 550 enterprises across various global regions. The firm has achieved notable success, with its alumni generating significant revenue and creating thousands of jobs, while maintaining a high recommendation rate among participants.
Made 14 investments in Nigeria

African Development Bank

The African Development Bank (AfDB), founded in 1964 and headquartered in Abidjan, Ivory Coast, serves as a multilateral development finance institution dedicated to fostering economic and social progress in Africa. It provides a range of financial products including loans, lines of credit, guarantees, and risk management solutions to both public and private sector projects. The bank collaborates with national and international development entities to finance development initiatives, offering technical assistance for project selection, preparation, and studies. Additionally, the African Development Fund (ADF), a concessional financing arm of the bank, supports low-income regional member countries with loans and grants aimed at poverty reduction and economic development. Through these efforts, the AfDB promotes investments that contribute to sustainable growth across the continent.
Made 2 investments in Nigeria

EchoVC Partners

EchoVC Partners is a venture capital firm based in Lagos, Nigeria, specializing in seed and early-stage investments across various technology sectors. The firm focuses on internet technologies, including consumer internet, smart graph platforms, and applications, as well as smart data technologies such as machine learning and predictive analytics. EchoVC also invests in e-commerce, digital media, and enterprise solutions, with particular attention to underserved entrepreneurs and regions in North America, Africa, and Southeast Asia. The average investment size ranges from $25,000 to several million dollars, depending on the specific opportunity and business needs. By leveraging insights from Silicon Valley, EchoVC Partners aims to foster local entrepreneurial ecosystems, support high-potential growth companies, and promote mentorship and knowledge transfer among diverse markets.
Made 13 investments in Nigeria

500 Labs

500 Global, formerly known as 500 Startups, is a venture capital firm and incubator based in Mountain View, California, founded in 2010. The firm specializes in seed investments, primarily focusing on early-stage technology and financial services startups across various sectors, including biotech, e-commerce, fintech, and digital healthcare. 500 Global operates a four-month accelerator program, where it typically invests between $0.05 million and $1 million for a 5 to 10 percent equity stake in companies with at least $100,000 in monthly revenue. The firm targets a global market, with particular emphasis on regions such as the Middle East, Asia, Europe, and Latin America. Since its inception, it has invested in over 2,200 startups and supports the growth of innovation ecosystems through educational programs and partnerships. 500 Global also prioritizes investments in companies led by minority founders, reflecting its commitment to diverse entrepreneurial leadership.
Made 11 investments in Nigeria

TLG Capital

TLG Capital is an award-winning private investment firm dedicated to empowering frontier market entrepreneurs, with a focus on opportunities in Sub-Saharan Africa (SSA).TLG firmly believes that impact creation is crucial to sustained financial success. They are committed to tackling persistent challenges and better directing resources towards improving the lives for some of the world’s most vulnerable people. Their investments have had a significantly social, environmental and development impact across Sub-Saharan Africa.TLG Africa Limited is a permanent capital investment vehicle focusing on equity opportunities in Sub-Saharan Africa (SSA). TLG Africa invests in sectors underpinned by the ‘rise of the African consumer’, such as: healthcare, finance, consumer goods and real estate. These investments include direct minority/majority stake investments, secondary opportunities and distressed fund restructurings. TLG Africa always seeks board representation, along with other minority protections. Notable investments include WHO pre-approved pharmaceutical plant QCIL (Uganda) and healthcare facilities in West Africa. In recognition for their efforts, their deals have won multiple awards including ‘Landmark Deal of the Decade’ in 2012 and 'Frontier Deal of the Year' in 2014 from Private Equity Africa.
Made 4 investments in Nigeria

Norfund

Norfund is a Norwegian government organization founded in 1997, based in Oslo, that focuses on reducing poverty and enhancing economic development in low-income countries. It serves as an active, strategic minority investor, providing risk capital, equity, and loans to businesses in regions where access to financing is limited. Primarily operating in Sub-Saharan Africa, as well as selected areas in Southeast Asia and Central America, Norfund aims to foster sustainable business growth in environments where the private sector is underdeveloped. The organization also invests in small and medium-sized enterprises (SMEs) to further support local economic initiatives. Through its investments, Norfund seeks to create a significant positive impact on the economies of the countries it targets.
Made 9 investments in Nigeria

SOSV

SOSV is a global venture capital firm founded in 1995 and headquartered in Princeton, New Jersey. Specializing in seed-to-growth stage investments, SOSV operates multiple accelerator programs worldwide, including HAX for hardware, IndieBio and RebelBio for life sciences, Chinaccelerator and MOX for cross-border internet ventures, Food-X for innovative food solutions, and dlab for blockchain technology. The firm focuses on investments in revolutionary deep technologies aimed at improving human and planetary health, as well as cross-border markets, particularly in Asia. SOSV invests in approximately 150 startups annually, providing support through its resources to accelerate product development and scaling. Over its two-decade history, SOSV has established a strong reputation, consistently ranking among the top venture capital firms globally.
Made 9 investments in Nigeria

Oikocredit

Oikocredit is a financial institution established in 1968 and based in the Netherlands. It focuses on empowering individuals and communities by providing funding to the microfinance sector, fair trade organizations, cooperatives, and small to medium enterprises. Oikocredit aims to create sustainable opportunities for people in need, enabling them to improve their own circumstances through access to financial resources.
Made 3 investments in Nigeria

Verod Capital Management

Verod Capital Management Limited is a private equity firm established in 2008, headquartered in Lagos, Nigeria, with an additional office in Ghana. The firm focuses on mid-market investments, primarily in West Africa, particularly in Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. Verod specializes in growth capital and buyout transactions across various sectors, including financial services, business services, education, healthcare, agriculture, consumer goods, light manufacturing, civil engineering, media, technology, real estate, and energy. The firm typically invests between $3 million and $20 million, seeking to acquire either a majority or significant minority equity stake in its portfolio companies. Verod aims to enhance the value of these companies through active management, fostering strong governance practices and operational improvements, and typically holds investments for four to seven years. By partnering with motivated management teams and focusing on companies with proven business models and growth potential, Verod seeks to build sustainable regional leaders in their respective industries.
Made 8 investments in Nigeria

Samurai Incubate

Samurai Incubate Co., Ltd., established in 2008 and based in Tokyo, Japan, is a venture capital firm and accelerator that focuses on early-stage investments, primarily in seed and series A funding. The firm invests in a diverse range of sectors, including finance, healthcare, logistics, retail, energy, and technology, with a preference for startups that demonstrate potential in management, marketing, and finance. Samurai Incubate operates internationally, with additional offices in Israel, Nigeria, Kenya, South Africa, and Shenzhen, China, and targets investments in emerging markets across Africa and Israel. The firm's investment range typically falls between JPY 5 million to JPY 50 million per portfolio company. By fostering innovative startups, Samurai Incubate aims to enhance their operational capabilities and revenue potential, guided by principles inspired by the samurai spirit.
Made 5 investments in Nigeria

OPIC Investment Funds

The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers. OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.
Made 3 investments in Nigeria

Partech

Partech is a global investment firm established in 1982, with offices in San Francisco, Paris, Berlin, and Dakar. The firm focuses on providing capital and strategic support to entrepreneurs at various stages, including seed, venture, and growth phases. With an investment capacity exceeding $1.5 billion, Partech's investments typically range from $200,000 to $50 million across a diverse array of sectors such as software, fintech, digital brands, and deep tech. The firm manages several funds, including Partech Africa II, which targets African startups in technology and consumer services, and Partech Growth II, aimed at growth-stage companies in Europe. Partech's portfolio has seen significant success, with over 20 companies achieving initial public offerings and more than 50 strategic exits valued above $100 million.
Made 9 investments in Nigeria

Helios Investors II

Helios Investors II is a private equity fund managed by Helios Investment Partners, established in 2009 and based in Lagos, Nigeria. The fund focuses on investments across Africa, particularly targeting the exploration, production, and refining sectors. Helios Investors II seeks to make impactful investments in areas such as energy, agriculture, and real estate. The firm aims to support growth-stage companies and engage in various investment types, including buyouts and structured investments. With a strong emphasis on the African market, particularly in countries like Nigeria, South Africa, and Kenya, Helios Investors II is committed to fostering economic development through its strategic investment approach.
Made 15 investments in Nigeria

African Capital Alliance

African Capital Alliance Limited is a private equity firm established in 1997 and headquartered in Port-Louis, Mauritius, with an additional office in Lagos, Nigeria. The firm specializes in growth capital and equity investments in small and medium-sized enterprises, focusing on sectors such as oil and gas, media, healthcare, electric power supply, technology, telecommunications, and consumer goods. It primarily invests in West Africa, particularly Nigeria, and extends its reach to other Sub-Saharan African markets. African Capital Alliance typically makes control investments ranging from $1 million to $60 million, maintaining significant equity ownership and board representation. The firm actively seeks opportunities in turnaround situations and regional cross-border expansions, emphasizing its commitment to fostering growth in emerging markets. Through its subsidiaries, it also provides asset management and real estate management services.
Made 21 investments in Nigeria

Pioneer Fund

Pioneer Fund is an early-stage venture capital fund established in 2018 and based in San Francisco, California. It focuses on investments in top startups that have emerged from Y Combinator, leveraging a network of over 200 alumni from the accelerator program. The fund aims to support innovative companies at their inception, providing not only capital but also strategic guidance to foster growth and success in the competitive startup landscape.
Made 3 investments in Nigeria

Musha Ventures

Musha Ventures is a venture capital firm based in New York that focuses on early-stage investments in Africa. Established in 2011, the firm operates as a micro VC and angel fund, targeting sectors such as education, healthcare, fintech, agriculture, and supply chain. Musha Ventures aims to support innovative startups and entrepreneurs in these critical areas, contributing to the growth and development of the African economy.
Made 13 investments in Nigeria

Novastar Ventures

Novastar Ventures Ltd is a venture capital firm established in 2014 and headquartered in Nairobi, Kenya, with additional offices in Lagos, Nigeria, and London, United Kingdom. The firm specializes in seed, start-up, early to late venture, and growth capital investments, primarily targeting education, healthcare, agri-business, food, and water sectors. Novastar Ventures focuses on serving Base of Pyramid (BoP) markets in East and West Africa, Asia, Europe, and the United States. The firm typically invests between $0.25 million and $8 million in innovative companies that aim to profitably address the needs of East Africa’s aspiring mass market. Rather than viewing themselves solely as fund managers, Novastar Ventures emphasizes collaboration with entrepreneurs to transform ideas into impactful businesses, fostering innovation, accountability, and wealth accumulation for the common good.
Made 3 investments in Nigeria

Nordic Microfinance Initiative

Founded in 2008, Nordic Microfinance Initiative is a government organisation based in Norway. The organisation works for the empowerment of the poor people and women along with creating jobs and wealth in developing countries.

Alitheia Capital

Alitheia Capital is a Lagos-based firm that focuses on investments in financial service sectors across Nigeria.
Made 3 investments in Nigeria

Picus Capital

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow. We want to become the closest partner of our portfolio companies by working together on key strategic decisions and operative challenges. As a privately financed venture capital investor with long-term and flexible capital we are looking for exceptional founders who are committed to building category leaders throughout the next 5-10+ years. We invest in early-stage technology ventures with a focus on Real Estate, Finance & Insurance, Human Resources, Renewable Energy, Mobility, and Health. Picus makes initial investments in pre-seed, seed and series A ventures thereby starting to work together with entrepreneurs in various stages of their companies ranging from ideation phase to initial traction. We follow a very long-term investment approach investing significant amounts throughout the lifecycle of the companies. We have invested in over 50 companies to date. At Picus we work in a culture combining the discipline of a financial investor with the creativity and pragmatism of an entrepreneur. We follow a comprehensive and well-structured investment approach in order to identify the most attractive and ambitious investment opportunities in our target industries and geographies. Within our core investment team every member has a distinctive industry competence and a functional or geographic focus. We are working closely together with our portfolio companies to develop large and successful market leaders. This comprises in particular leveraging our marketing & sales expertise and our global market perspective to provide strategic advice, providing HR management to grant access to top talent, connecting our portfolio companies with our broad B2B & investor network as well as supporting the fundraising process.
Made 6 investments in Nigeria

Finnfund

Finnish Fund for Industrial Cooperation Ltd. (Finnfund) is a development finance company based in Helsinki, Finland, that specializes in providing long-term risk capital for private projects primarily in developing countries and transition economies. Established in 1980, Finnfund focuses on direct investments in small and medium enterprises, offering equity capital, mezzanine financing, and investment loans, typically ranging from EUR 1 million to EUR 10 million. The firm actively seeks to co-invest with Finnish companies and supports ventures utilizing Finnish technology, while also prioritizing projects that generate significant environmental or social benefits. Finnfund strategically avoids investments in sectors such as weapons production, gambling, and activities involving forced or child labor, adhering to strict ethical guidelines. Its investment areas include agribusiness, cleantech, renewable energy, health services, and infrastructure, with a particular interest in countries such as China, Bangladesh, and various African nations. Finnfund aims to contribute to sustainable development by financing projects that align with Finland’s development cooperation objectives.
Made 7 investments in Nigeria

Tencent

Tencent Holdings Limited, founded in 1998 and headquartered in Shenzhen, is a leading internet service provider that offers a diverse range of value-added services and online advertising solutions. The company operates through several segments, including Value-Added Services (VAS), FinTech and Business Services, and Online Advertising. Tencent is well-known for its popular communication and social platforms, such as WeChat and QQ, which facilitate user connectivity and provide various digital content and lifestyle services. In addition to social networking, Tencent engages in online gaming, cloud services, and the production and distribution of films and television programs. The company's extensive portfolio also includes software development, information technology services, and online entertainment. Tencent's strategic focus is on delivering comprehensive online services that cater to the diverse needs of internet users, solidifying its position as a significant player in the global digital landscape.
Made 10 investments in Nigeria

Standard Chartered

Standard Chartered Bank is a multinational banking and financial services company headquartered in London, United Kingdom, with a history dating back to 1853. It operates through various segments, including Corporate & Institutional Banking, Retail Banking, Commercial Banking, and Private Banking. The bank offers a comprehensive array of financial products and services, such as current and savings accounts, loans, mortgages, credit cards, and wealth management solutions. Its corporate finance division provides structured financing, mergers and acquisitions advisory, and trade finance services. Additionally, Standard Chartered delivers transaction banking services, including cash management and electronic banking solutions. With a strong presence across Asia, Africa, Europe, the Americas, and the Middle East, the bank serves a diverse clientele, including individuals, small businesses, corporations, and governments, through its extensive network of branches. Standard Chartered aims to foster economic growth and prosperity in the regions it operates, emphasizing its commitment to being "Here for good."
Made 3 investments in Nigeria

Actis

Actis is a prominent investment firm specializing in growth markets across Africa, Asia, and Latin America. Established in 2004, it has raised $14 billion and employs over 200 people, including around 120 investment professionals, across 16 global offices. Actis focuses on a multi-asset strategy that encompasses private equity, energy, infrastructure, and real estate. The firm is committed to responsible investing, leveraging local knowledge and sector expertise to drive competitive returns. Its investment philosophy emphasizes "south-south" relationships, fostering collaboration and knowledge-sharing between emerging markets. Actis manages various funds targeting sectors such as financial services, education, health, energy, and real estate, with a strong emphasis on impact investing. The firm has a significant footprint in approximately 70 companies worldwide, creating over 116,500 jobs.
Made 13 investments in Nigeria

Zedcrest

Zedcrest Capital is a full-service capital management firm, with core interests in fixed income securities trading, asset management and proprietary investments
Made 2 investments in Nigeria

Hustle Fund

Hustle Fund Management, LLC is a venture capital firm based in San Carlos, California, established in 2017. The firm specializes in early-stage investments, particularly in pre-seed startups, with a strong focus on technology-related companies. Hustle Fund primarily targets sectors such as software, business products, business services, consumer products, financial services, healthcare, e-commerce, and digital health. Its investment strategy emphasizes companies located in the United States, Canada, and Southeast Asia. As a Registered Investment Adviser, Hustle Fund aims to support innovative entrepreneurs and foster growth in the technology landscape.
Made 7 investments in Nigeria

Proparco

Proparco is a French government organization established in 1977, dedicated to promoting private sector funding in sustainable development. Based in Paris, the firm focuses on financing and supporting companies and financial institutions across Africa, Asia, Latin America, and the Middle East. Proparco's investment strategy emphasizes key development sectors such as renewable energy, infrastructure, agriculture, health, education, and financial services. The organization aims to strengthen the contributions of private actors towards achieving the Sustainable Development Goals (SDGs) established by the international community. Proparco finances projects that create jobs, provide essential goods and services, and combat climate change, offering a range of financial instruments including loans, equity, and guarantees. Its interventions are designed to enhance the resilience of communities and promote sustainable economic growth in emerging markets.
Made 4 investments in Nigeria

Swedfund

Swedfund International AB is a government-owned investment firm based in Stockholm, Sweden, founded in 1979. The firm specializes in direct and fund of fund investments, focusing on emerging markets in Africa, Asia, Latin America, and Eastern Europe. Swedfund does not invest in Swedish businesses or in sectors such as weapons, tobacco, or alcohol. It seeks to provide risk capital through various financial instruments, typically investing between SEK 5 million and SEK 100 million. The firm targets seed, start-ups, and mid to late-stage ventures, often taking a minority stake in its portfolio companies while ensuring its investments do not exceed one-third of the total investment. Swedfund aims for an exit within five to ten years and actively participates in the governance of its investments by taking a Board seat and engaging in investment committees. With an additional office in Nairobi, Kenya, Swedfund is dedicated to fostering sustainable development through responsible investment.
Made 2 investments in Nigeria

FMO

FMO, the Dutch entrepreneurial development bank, plays a significant role in supporting the private sector in developing countries and emerging markets across Asia, Africa, Latin America, and Central and Eastern Europe. Established in 1970 through a partnership between the Dutch government and various financial institutions, FMO focuses on providing loans, equity, and other investment activities. Its investment portfolio is diversified, with key sectors including financial institutions, energy, agribusiness, food and water, and private equity. By fostering sustainable economic growth, FMO aims to create a positive impact in the regions it serves.
Made 5 investments in Nigeria

CardinalStone Capital Advisers

CardinalStone Capital Advisers is a Lagos-based private equity and venture capital firm that focuses on mid-market investments in Nigeria and Ghana. The firm specializes in sectors such as financial services, consumer goods, healthcare, industrials, agribusiness, and business services. CardinalStone makes equity investments primarily in small and medium-sized enterprises, often investing between $5 million and $10 million in its portfolio companies. In addition to corporate investments, the firm engages in real estate and infrastructure projects, providing bridge financing and seed capital for initiatives such as transportation development, low-cost housing, and energy sectors. CardinalStone also considers private investments in public entities and offers incubation services to support emerging businesses. Founded in 2016, the firm aims to contribute to the growth of key industries in the region while delivering value to its investors.
Made 6 investments in Nigeria

Africinvest

AfricInvest, founded in 1994 and based in Tunis, Tunisia, is a leading private equity investment firm within the Integra Group. With a focus on small and medium enterprises across Africa, it manages USD 1 billion across 16 funds and employs 66 professionals in seven offices. The firm specializes in high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare, having invested in 135 companies across 25 African countries. AfricInvest benefits from strong support from local and international investors, including prominent development finance institutions. As a co-founder of the African Venture Capital Association and other regional organizations, the firm actively promotes the growth of the private equity industry in Africa. Its extensive network of executives and expertise positions AfricInvest as a significant player in fostering economic development on the continent.
Made 7 investments in Nigeria

Inclusive Impact Investments

Inclusive Impact Investments is a venture capital firm specializes in small, early growth, mezzanine, emerging growth and expansion investments. The firm seeks investments in agricultural sector (primarily in agro processing) and consumer products that have a positive effect on the lives of women, youth and small farmers living in poverty. It invests in Africa and Asia primarily. The investments are focused in the countries Nigeria, Uganda and Vietnam. It does not invests in Cooperatives, farmer groups, savings, credit and cooperative organizations, NGO’s, private persons, listed companies and foundations, Companies active in real estate, project finance (housing, water irrigation and power plants), leisure (hotels, restaurants and travel agencies), private schools and private health clinics. It prefers to invest in €0.1 million ($0.11 million ) and €2 million ($2.34 million). Inclusive Impact Investments was founded in October 2014 and is based in Rotterdam, Netherlands with additional offices in Rotterdam, Netherlands, Hague, Netherlands, Abuja, Nigeria; Kampala, Uganda and Hanoi, Vietnam.

Development Partners International

Development Partners International (DPI) is a prominent Pan-African private equity firm based in London, established in 2007 by co-founders Miles Morland and Runa Alam. The firm specializes in investing in growing companies throughout Africa and currently manages over $1.1 billion in assets across two private equity funds. DPI has built a strong portfolio, having invested in 19 companies across 27 African countries. The firm's investment team, which has over 100 years of combined experience in African investments, is entirely composed of African professionals, with over 40% of its members being women. This diverse team leverages local knowledge, networks, and language skills to effectively source and execute transactions across the continent.
Made 2 investments in Nigeria

SEFAA

SEFAA is an agriculture-focused fund managed by Sahel Capital, a private equity firm based in Lagos, Nigeria. The fund primarily invests in the agribusiness sector across West Africa, specifically targeting small and medium-sized enterprises (SMEs) involved in processing, logistics, storage, and agricultural production. With investment amounts ranging from $300,000 to $2.4 million, SEFAA aims to support businesses that have demonstrated sector expertise and established management teams. Sahel Capital employs various investment instruments, including structured royalties and convertible notes, while maintaining a preference for minority ownership stakes and board representation to ensure operational oversight. In addition to its investment activities, Sahel Capital provides advisory services, including management consulting and market research, to foster sustainable growth within the agricultural sector. The firm’s broader mission is to enhance food security and nutrition in the region by leveraging its deep industry knowledge and strategic partnerships.
Made 5 investments in Nigeria

Soma Capital

Soma Capital is a venture capital fund established in 2015 and based in San Francisco, California. It specializes in seed investments in software startups and is known for being built by founders for founders. The fund has a notable portfolio that includes successful companies such as Cruise, Rappi, Ironclad, Human Interest, Razorpay, Rippling, and Lambda School, among others. Collectively, the startups in which Soma Capital has invested are valued at over $60 billion, including 17 unicorns.
Made 8 investments in Nigeria

Target Global

Target Global is a private equity and venture capital firm based in Berlin, specializing in early-stage and growth investments across various sectors. With over €800 million in assets under management, the firm focuses on the digital consumer sector, particularly in disruptive technologies, fintech, e-commerce, and cyber security. Target Global typically invests between $1 million and $30 million in companies with enterprise values ranging from $5 million to $500 million, emphasizing businesses where a significant portion of revenue is generated from the B2C segment. The firm has a strong global presence, targeting opportunities in European Developed Markets, as well as in Israel, Russia, and the United States. Founded in 2012, Target Global has built a diverse portfolio that includes notable companies such as Auto1, Delivery Hero, and WeFox, and is supported by a team of over 50 professionals with extensive operational and investment expertise.
Made 8 investments in Nigeria

Western Technology Investment

Western Technology Investment is a principal investment firm based in Portola Valley, California, founded in 1980. The firm specializes in providing debt and lease financing to venture capital-backed technology and life science companies across North America. Over its 30-year history, it has deployed more than $3 billion in debt and equity capital to a diverse range of companies, including both early-stage private firms and publicly traded entities. Investments typically range from $250,000 to $30 million, structured as unrestricted growth capital. The firm targets companies with a minimum of $25 million in annual sales projected within five years. In addition to its lending operations, Western Technology Investment sometimes offers equity capital alongside debt financing, and it holds warrants in various client companies. Its recent fund, Venture Lending & Leasing VI, has raised $294 million to continue supporting innovative businesses.
Made 8 investments in Nigeria

Flexport

Flexport, Inc. is a global freight forwarder and logistics platform that offers online customs brokerage and freight forwarding services. Founded in 2013 and based in San Francisco, California, the company provides businesses with an online dashboard to understand, purchase, manage, and track essential services for global trade. Flexport specializes in customs brokerage, which includes customs clearances, bonds, product classification, and government agency filings. Its freight forwarding services encompass ocean freight, air freight, and trucking and delivery. Additionally, Flexport offers supply chain services such as cargo insurance, quality inspections, warehousing, fulfillment, product sourcing, and trade finance. By utilizing modern software, Flexport enhances the user experience in global trade, allowing logistics companies to optimize transportation routes and manage inventory effectively. The company's expertise enables businesses to focus on their core operations while ensuring timely and cost-effective delivery of goods to fulfillment and distribution centers.
Made 3 investments in Nigeria

Adlevo Capital

Adlevo Capital Managers, LLC is a private equity firm based in Port Louis, Mauritius, with an additional office in Lagos, Nigeria. Founded in 2007, the firm specializes in expansion, bridge financing, buyouts, and growth capital investments in mature and later-stage companies. Adlevo focuses on technology-enabled opportunities, particularly within the information and communications technology sectors, and seeks to invest in rapidly growing private companies at various stages of development. The firm's investment strategy emphasizes Sub-Saharan Africa, allocating approximately 25% of its investments to South Africa while deploying the remainder across the region. Adlevo typically invests between $3 million and $10 million, aiming for majority or significant minority stakes in its portfolio companies. By leveraging its local presence and market knowledge, Adlevo Capital effectively identifies and capitalizes on opportunities within the dynamic landscape of technology-driven sectors in Africa.
Made 8 investments in Nigeria

Inspired Evolution Investment Management

Inspired Evolution Investment Management, established in 2007 and based in Cape Town, South Africa, is a private equity and venture capital firm that specializes in sustainable investments in the clean energy and resource efficiency sectors across Sub-Saharan Africa. The firm targets start-up, early-stage, and growth capital investments, primarily in companies with enterprise values ranging from $1.34 million to $15 million. Inspired Evolution focuses on sectors such as renewable energy, water purification, waste management, and sustainable agriculture, while avoiding investments in industries like tobacco, alcohol, and defense. The firm typically seeks to make equity investments between $1.4 million and $14 million, aiming to acquire significant minority or majority stakes and often taking board seats in its portfolio companies. With a dedicated investment team, Inspired Evolution aims to achieve superior returns while prioritizing social equity and ecological integrity. The firm also manages the Evolution One Fund, its first closed-ended third-party investment fund, to facilitate its investment activities in this specialized asset class across Southern Africa and select markets.
Made 3 investments in Nigeria

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.
Made 7 investments in Nigeria

Leapfrog Investments

Leapfrog Investments is a private equity and venture capital firm founded in 2007, with headquarters in London and additional offices in various locations including Australia and Africa. The firm specializes in late venture, emerging growth, and growth equity investments, primarily focusing on financial services and healthcare sectors. Leapfrog targets businesses that deliver essential services, including mobile payments, insurance, pensions, savings, credit, and retail healthcare distribution. Its investment strategy emphasizes emerging markets, particularly in regions such as Africa and Asia, including countries like Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines, and Sri Lanka. The firm typically invests between $10 million and $50 million, engaging in both minority and majority stakes, and aims for exits within four to seven years through various methods such as IPOs and trade sales.
Made 3 investments in Nigeria