Venture Capital Firms in Nigeria

Alitheia Capital is a pioneering impact-investing private equity and financial advisory firm headquartered in Lagos, Nigeria. The firm specializes in identifying and investing in high-potential businesses across Africa, operating with a philosophy of "true profit with a purpose." This approach involves deploying private capital into Small and Medium-sized Enterprises (SMEs) that not only generate financial returns but also address critical business, social, or environmental needs within their communities. Alitheia Capital manages over $250 million in assets across various funds, demonstrating a strong commitment to sustainable and inclusive growth across the continent.Established in 2007 by Tokunboh Ishmael and Jumoke Akinwunmi, Alitheia Capital has been at the forefront of Africa's venture capital and private equity landscape for over two decades. Their inaugural fund launched in 2009, and since then, they have played a pivotal role in nurturing Africa's tech ecosystem, often as the first institutional investor in high-impact technology companies. The firm is particularly known for its flagship gender lens fund, Alitheia IDF, which boasts a portfolio exceeding USD 100 million and is recognized as the continent's premier and largest gender lens fund.Alitheia Capital's diverse portfolio includes investments in companies such as Lupiya, a Zambian Fintech firm; Hinckley Recycling, Nigeria's first registered e-waste recycler; OmniRetail, a B2B media and information services company; and Complete Farmer, an agribusiness venture. Other notable investments include Paga and MAX.Ng in the fintech and mobility sectors, Reelfruit and Psaltry International in agro-processing, Wemy in manufacturing, and SparkMeter in clean energy solutions. The firm also made an exit from Baobab Nigeria, a financial institution providing inclusive banking services.The team at Alitheia Capital comprises seasoned professionals with a diverse blend of investment prowess and occupational expertise. Key team members include Tokunboh Ishmael as Managing Partner, Yewande Adewusi as Chief Operating Officer, and several Investment Principals such as Oti Ilentamhen, Moyosore Babalola, and Oyindoubra Eghaghe. They provide both financial backing and strategic guidance to their investee companies, fostering long-term partnerships and implementing robust risk management practices. The firm's commitment to gender inclusion is evident in its proactive investments in women-led, women-focused, and women-serving businesses, aiming to drive social transformation and entrepreneurial innovation.

DisrupTech Ventures is a prominent early-stage venture capital firm based in Cairo, Egypt, dedicated to investing in disruptive tech startups. The firm primarily focuses on fintech and fintech-enabled digital services, seeking out innovative founders who challenge the status quo. They aim to be the first money into groundbreaking ideas, providing crucial seed and pre-Series A funding during a company's initial 18 months. DisrupTech Ventures emphasizes impact and execution excellence, backing entrepreneurs who are transforming various sectors across Africa and the Middle East.Founded in 2021, DisrupTech Ventures was established with a vision to catalyze the growth of the tech ecosystem in Egypt and beyond. The firm's investment strategy is hands-on, offering strategic guidance, operational expertise, and market access to its portfolio companies. They are known for their local roots and global mindset, leveraging a network of partner investors to support the international expansion of their ventures. The fund has successfully raised $36 million from a diverse group of investors, including Development Finance Institutions, Funds-of-funds, and Family offices.The firm boasts a growing portfolio of daring tech entrepreneurs. Notable investments include Chari, a Moroccan Y-Combinator startup focused on transforming neighborhood shops into fintech hubs; BankNBox, a B2B fintech services provider; NiceDeer, an Egyptian insurtech platform; Winich Farms, a Nigerian agri-tech company improving market access and financial inclusion for smallholder farmers; WideBot AI, an AI product development company expanding in Saudi Arabia; Khazna, an Egyptian financial super app; Brimore, an Egyptian social commerce platform; and Lucky, an Egyptian consumer credit platform. These investments highlight DisrupTech Ventures' commitment to fostering innovation across diverse sub-sectors within the fintech and tech landscape.The DisrupTech Ventures team comprises experienced professionals with a combined century of knowledge in venture capital and company building. Key team members include Mohamed Okasha (Managing Partner), Malek Sultan (Partner), and Yehia Abouelwafa (Partner & CIO), alongside a dedicated group of investment analysts and associates. Their collective expertise allows the firm to provide robust advisory and hands-on support, making them a preferred investor for promising early-stage ventures in the region.

Ventures Platform is a prominent early-stage venture capital firm focused on identifying and supporting visionary technology startups across Africa. The firm has earned a strong reputation for its founder-first approach and commitment to fostering innovation in sectors critical to the continent's growth. With a presence across multiple African tech ecosystems, Ventures Platform plays a vital role in catalyzing change by backing high-impact entrepreneurs. The firm offers more than capital—it provides strategic support, mentorship, and access to a wide network of global and local partners. Ventures Platform invests in startups addressing real problems with scalable solutions in sectors like fintech, healthtech, agritech, and enterprise software. Its deep local expertise, combined with a global outlook, enables it to partner with companies that are reshaping industries and improving lives. Ventures Platform also actively advocates for tech policy reform and ecosystem development, recognizing the importance of a strong support structure for innovation to thrive. With a growing portfolio of successful startups, Ventures Platform continues to shape the future of African entrepreneurship and technology-led economic advancement.