Pre-seed and seed. Fast decisions. We move when we believe in the team.
120M+ people. First-mover access to banking, telecom, and capital markets that just opened.
Warm intros, regulatory unblocks, and partners who know the terrain.
Fintech, agritech, healthtech, cleantech. We follow founders, not categories.
Private banks licensed in 2022. Millions entering formal finance for the first time.
Safaricom ended the state monopoly. Mobile-first infrastructure moving fast.
Ethiopia lifted its decades-long ban on foreign investment in retail, wholesale, and import/export in 2024. A 130M+ consumer market is now in play.
9.2% GDP growth for 2024/25 and 2025/26 — among the highest sustained rates in Sub-Saharan Africa. Compounding from a ~$120B base, not a frontier rounding error.
We invest $100K–$250K at pre-seed and seed. Strong team, real market, East Africa focus.