Investors in Niger

The Abraaj Group is a private equity, venture capital, and real estate investment firm specializing in early venture, seed, growth capital, emerging growth, mid venture, late venture, expansion capital, industry consolidation, mezzanine, subdebt, PIPES, buyouts, bridge, recapitalization, infrastructure, and buy and build in mature companies. It seeks to invest in small and medium sized enterprises in emerging markets. The firm typically invests in oil, gas and consumable fuels, metals and mining, agricultural machinery and equipment, agricultural services, auto parts and equipment, leisure facilities, pharmaceuticals, services outsourcing, water utilities, real estate, health care and clean energy, manufacturing, food products, FMCG, construction, healthcare services, industrials, telecommunications, resource and infrastructure services, education, information technologies, aviation, materials and logistics, agribusiness, energy, and food industries. It focuses on consumer goods and services, within which it also focuses on fast moving consumer goods manufacturing, retail, and food & beverage. Within financial services it also focuses on banking, non-bank financial institutions (such as mortgage or consumer finance specialists), insurance companies (life, general and reinsurance), and payments and fintech businesses. Within healthcare it focuses on hospitals & clinics and other type of service providers in the healthcare domain. Within education, it focuses on private K-12 schools and traditional graduate and post-graduate, campus-based universities. We are also investing in clean energy power generation, i.e., renewable power generation assets. We will also selectively invest in base-load gas-fired power generation assets and select midstream and downstream energy infrastructure assets including transmission and distribution assets that complete the value chain. It invests in companies based in Far East, the Middle East including Saudi Arabia, North Africa, Kenya, Ghana, Nigeria, and South Asia with a focus on Egypt, Lebanon, Jordan, Algeria, Pakistan, Turkey, the Palestinian territories and the six Gulf Arab nations that make up the Gulf Cooperation Council. The firm also seeks to invest globally with a focus on Sub Saharan Africa including Ivory Coast region; Latin America including Argentina, Brazil; Central Asia; and Southeast Asia including India and the Philippines. The firm seeks to make equity investments between $0.5 million and $100 million; typically investing $10 million to $100 million in private equity investments as well as in real estate. It prefers to invest between $100 million and $300 million in its portfolio companies. It prefers to invest in companies with revenue between $6 million to $35 million. The firm acquires controlling or significant interest and seeks board representation in its portfolio companies. It typically exits its investments within a period of three years to five years through structured exits to strategic and trade buyers or onto public markets in the region. The firm seeks majority and minority positions in public enterprises ranging between 10% and 49%. The Abraaj Group was founded in 2002 and is headquartered in Dubai, United Arab Emirates with additional offices across Asia, Africa, and Europe.

Equator is a venture capital firm specializing in seed/ startup and series A investments. The firm invests in tech-enabled ventures in the sectors of energy, agriculture and mobility. It prefers to invest in companies based in Sub-Saharan Africa. It seeks to invest between $0.75 million and $6 million in equity transactions. Equator is based in London, United Kingdom with additional offices in Fort Collins, Colorado; Lagos, Nigeria and Nairobi, Kenya.

Newfund is a venture capital firm specializing in early-stage investments, with offices in Paris, France, and Palo Alto, California, USA. Established in 2008 by François Véron and Patrick Malka, the firm has raised over €250 million, primarily from entrepreneurs, business leaders, and family offices. Newfund typically invests between €500,000 and €2 million per company, focusing on sectors such as web-enabled services, health technology, financial technology, and, since 2021, neuroscience and mental health. Notable portfolio companies include Aircall, a cloud-based phone services provider; Red Luxury, a Paris-based designer of fashion watches and jewelry; and FairMoney, a prominent digital bank in Nigeria. The firm has achieved successful exits with companies like Medtech, a robotic surgery company acquired by Zimmer Biomet; Luckey Homes, a Paris-based concierge services company acquired by Airbnb; and Beyond Ratings, an ESMA-registered credit rating agency acquired by the London Stock Exchange Group. Newfund is recognized as one of the most significant venture capital funds in France and has been listed among the top early-stage venture capital investors in Europe.

Founded in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went public on October 20, 2017. The Company, through its subsidiaries, is dedicated to providing digital asset-based wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of digital asset-based wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Cabal Fund is a venture capital firm. The firm specializes in early stage, pre-seed and seed. The firm seeks to invest in Nigeria and Africa. The firm seeks to invest $0.03 million and $0.05 million. Cabal Fund is headquartered in Nigeria.

Beta.Ventures is a venture capital firm specializing in Pre-Seed, Series A, startups and early-stage investments. It seeks to invest in digital technology with focus on finance, pure tech, logistics, education, agriculture, web3, climate/clean energy and healthcare; scaling tech and tech-enabled companies. The firm typically invests in Africa with a primary focused on Nigeria, Kenya, Egypt, Ghana and South Africa and often globally. The firm typically invests between invest $0.1 million to $0.5 million. Beta.Ventures is based in Lagos, Nigeria with an additional office in Manhattan, New York.

Microtraction is an investment platform that provides seed capital to technology entrepreneurs at the earliest stages of their venture. We believe long term sustainable socio-economic development in Africa will be driven by entrepreneurs and innovations, and not by politicians or charity aids.Our mission is to accelerate Africa’s economic growth by enabling innovation and supporting technology entrepreneurs. Our principal role is to increase the number of venture bankable startups across the continent, creating the market for venture and growth stage capital to follow on and ultimately bridging the pre-seed funding gap that currently exists.

Sabou Capital invests in and supports high-growth tech-enabled SMEs across secondary regions in Central and West Africa, applying a gender lens and providing hands-on technical support.

Sahel Capital is a private equity firm specializing in emerging growth, buyout, and growth capital investments. It also makes fund-of-fund investments in private equity funds. It seeks to invest in agriculture, agribusiness, manufacturing, and the consumer goods sector. The firm avoids investments in start-up companies or Greenfields and only considers investments where the promoters and/or management team have demonstrated sector expertise by previously running companies within the same sector successfully. It seeks to invest in small and medium-sized enterprises (SMEs) with a focus on processors, logistics and storage; producers; input providers, as well as a secondary focus on intermediaries that extend financing to agricultural SMEs and farmers. The firm prefers to invest in sub-Saharan Africa, West African small and medium enterprises, with a focus on all regions across Nigeria. It typically invests between $0.3 million and $8.2 million in its portfolio companies. The firm makes use of quasi-equity investment instruments such as structured royalties, convertible notes, and redeemable preferred shares, along with commercial equity, convertible debt, and hybrid debt financing to SME’s. It prefers to hold board membership in its portfolio companies, including management and operational oversight and risk management. The firm also seeks to take a majority or minority ownership stake in its portfolio companies. It seeks to exit its investments in 10 years with three additional one-year periods. The firm also provides services such as management consulting, market research, and financial advisory. Sahel Capital was founded in 2010 and is based in Lagos, Nigeria with additional offices in Lagos, Nigeria.

At Timon Capital, we have tremendous respect for the entrepreneurial journey—especially in emerging markets. As former entrepreneurs, we’ve built companies and gone through the frustration of trying to manage wayward investors. We decided to hold ourselves to a higher standard and named ourselves Timon: a Greek word that means ‘the one influenced by honor’ as well as ‘fairly priced.’ Capital in Africa is scarce—which means entrepreneurs need to be very efficient. We aim to work with the companies we back to make smart choices for the founders, their teams, and the market.

Adlevo Capital is a Mauritius-based private equity fund manager founded on the conviction that meaningful development in sub-Saharan Africa will be driven by the increasing application of technology to business processes across all sectors. We subscribe to a view that places a premium on operating experience, deep networks and an understanding of the nature and evolution of the technology spaces in which we invest. We actively seek to invest in ambitious companies, hungry for growth, to which we can add significant value through our collective experience, relationships and value-driven approach.

Asime Ventures is a venture capital firm specializing in angel, pre-seed and seed investments. The firm prefers to invest in East and West Africa, notably Ghana, Kenya, Côte d'Ivoire, Madagascar, Togo, Nigeria, Egypt and South Africa. It typically invests between $0.05 million and $0.1 million. Asime Ventures was founded in 2020 and is based in Accra, Ghana with additional offices at Nairobi, Kenya and Luxembourg, Luxembourg.

Chanzo Capital is a growth capital firm investing both capital and mentoring in high-tech startups and scaleups in Kenya, Ivory Coast, Nigeria, Ghana and South Africa (KINGS) – these countries make up the "KINGS" of Africa's digital economy.

Kaleo Ventures is a venture capital firm specializing in pre-seed, seed/startups, early venture pre-revenue and post-revenue investments. It prefers to invest in any sectors with focuses on technology sector. The firm prefers to invest in companies based in Africa. Kaleo Ventures is based in Dallas, Texas with additional office in Lagos, Nigeria.

Abler Nordic AS is a private equity and venture capital firm specializing in direct, and fund of funds investments in emerging, early stage, mature, and startup companies. The firm also prefers to invest in Debt, Sub-Debt and Equity instruments of microfinance institutions. It prefers to invest in young & emerging MFIs that have a clearly stated social mission and that have reached financial sustainability or have good prospects for attaining financial sustainability within the next few years. The firm also invests in other institutions providing financial inclusion to the poor in developing countries. It may in special cases invest in MIVs that focus on such institutions. The firm typically invests in companies based in Latin America, Sub-Saharan Africa with focus on Angola, Cameroon, Ethiopia, Ghana, Kenya and Ivory Coast, Malawi, Mozambique, Rwanda, Zimbabwe, Madagaskar, Zambia, Mali, Nigeria, Senegal, Tanzania, Uganda, Asia focusing on South and Southeast Asia, Nepal, Sri Lanka, Cambodia, Myanmar, Philippines, Indonesia, India, and Pakistan. It may also consider investments outside of these focus countries. The firm prefers to invest between $1 million and $8 million in companies with minimum total assets of $1 million. It prefers to take both minority positions in its investments and be an active investor. For equity investments, it prefers to take a stake of 10-30% in its portfolio companies. The firm seeks to take up governance positions in the board of the MFI or committees under the board. Abler Nordic AS was established in October 2008 and is based in Oslo, Norway with additional offices in Copenhagen, Denmark; Nairobi, Kenya, Tangerang, Indonesia & Bengaluru, India.

Chinook Captial is an early stage venture capital firm with the vision to be the most admired technology investment firm in Africa. Everything we do at Chinook Capital rides on People, Technology, Global Best Practices, and Market-driven business models.

CcHUB is Nigeria’s first open living lab and pre-incubation space designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place. The HUB is a place for technologists, social entrepreneurs, government, tech companies, impact investors and hackers in and around Lagos to co-create new solutions to the many social problems in Nigeria.

EchoVC is an early-stage venture capital firm focused on underrepresented founders and underserved markets, particularly of African descent, across Africa, North America, and other emerging markets.

Innovate Africa is a venture capital firm specializing in early-stage and seed/startup investments. The firm seeks to be sector agnostic including investment in innovative technology. The firm seeks to invest in Africa region. Innovate Africa is based in Ikeja, Nigeria with additional office in Glen Allen, Virginia.

J3A Partners AM is a venture capital firm specializing in startups and early-stage, series A and B investments. It prefers to invest in Fintech, Insurtech and Healthtech sectors. It seeks to invest in European union, West African Economic and Monetary Union (WAEMU) area across Benin, Burkina Faso, Côte d'Ivoire, Mali, Senegal, Togo, Guinea-Bissau, and Niger. It seeks to invest between €0.075 million ($0.08 million) and €5 million ($5.61 million) per transaction in equity investment. It prefers to take majority and minority stakes. It holds its investment between two and four years and for more than 6 years. J3A Partners AM was founded in 2019 and is based in London, United Kingdom with additional office in Paris, France.

Octerra Capital is a venture capital firm specializing in early venture. It prefers to invest in Africa. Octerra Capital was founded in 2021 and is based in Lagos, Nigeria.

TBL Mirror Fund facilitates and manages the combined investment of capital and know-how in promising companies. The TBL Mirror Fund is a Private Equity Fund for East African and Nigerian Small and Medium Enterprises (SMEs) targeting various high growth sectors and deals where value can be added through the know-how and involvement of the Fund managers and its investors. Investors of the TBL Mirror Fund are successful private individuals with a wide variety of backgrounds, from CEOs of large multinationals, to seasoned entrepreneurs and experienced venture capitalists.

Alitheia Capital is a Private equity and venture capital firm specializing in providing early-stage, growth capital/working capital, and mezzanine capital in the Fintech sector. It seeks to invest in seed, start-up, Series B, Growth capital, early venture, emerging, and middle market transforming microfinance institutions. The firm invests in Clean Energy, Healthcare, Technology, Waste Management & Recycling, Logistics & Mobility, Consumer Goods & Services, Agribusiness, Manufacturing, and Fintech. The firm takes a sector-agnostic approach. It prefers to invest in businesses that enable the provision of financial services and insurance, affordable and clean cooking fuel and cook stoves to low-income households in order to alleviate the use of traditional fuels associated with indoor air pollutions, and deforestation; and the construction of affordable school infrastructure with pre-fabricated panels produced using only locally available materials. The firm invests in Lagos, Nigeria, and Ghana, and collaborates with partners across Southern and Eastern Africa. It seeks to invest one-third of its capital in Ghana. The firm is between $1 million and $8 million. It seeks to hold on to its investments for five to seven years. Alitheia Capital was founded in 2007 and is based in Lagos, Nigeria.

Blue Rinc Capital is a Venture capital firm specializing in growth investments in early stage businesses. It prefers to invest in technology-enabled businesses. It prefers to invest in companies based in frontier markets with a preference for Nigeria, Kenya and Ghana. Blue Rinc Capital is based in the United States.

Outlierz Ventures is a venture capital firm specializing in pre-seed, seed, growth capital, early stage, start up businesses that are raising money in Series A rounds. The firm prefers to invest in technology, logistics, fintech, insurtech, agritech, healthtech, B2B marketplaces, financial services and health sectors. The firm primarily invests in Africa with 4 main markets: Morocco, Egypt, Nigeria, and Kenya. The firm prefers to invest between MAD 0.5 million ($ 0.055 million) and MAD 5 million ($ 0.55 million). Outlierz Ventures is based in Morocco.