About This Fund
Aruwa Capital Fund II is a gender-lens, early-growth equity fund managed by Aruwa Capital Management, a Lagos-based, female-founded and led private investment firm. The fund seeks to empower underrepresented founders and address funding gaps for growth-stage companies in West Africa, especially those creating scalable solutions in essential sectors.
Building on the success of its inaugural fund, Aruwa Capital Fund II targets high-impact businesses that generate both financial returns and measurable social value. The fund focuses particularly on companies that promote inclusive economic development and improve livelihoods, with a strong emphasis on enhancing opportunities for women as business owners, consumers, and employees.
The fund has already backed two companies—Yikodeen, a safety boots manufacturer, and a fast-casual restaurant chain—selected for their alignment with Aruwa’s mission of inclusive growth and economic empowerment. With strong investor demand, Aruwa is considering increasing the fund’s hard cap from its original $40M target to $50M or even $60M.