The Venture Codex Logo

The Venture Codex

Aruwa Capital Management

14 Adeyemi Lawson, Lagos, 106104, Nigeria

Overview

Growth equity impact fund led by women.

Founded

2019

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

France
Nigeria
United States

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
Sika Financial Group
Jun 2026Led
$2 MSeed
Koolboks
Sep 2025Led
$11 MSeries A
Yikodeen
May 2025Led
$2 MOther Equity
OmniRetail
Apr 2025Participated
$20 MSeries A
MDaaS Global
Mar 2024Led
$3 MSeries A
Fastizers
Jun 2023Led
$2 MOther Equity
Taeillo
Dec 2022Led
$3 MOther Equity
Lifestores Healthcare
Oct 2022Led
$3 MSeries A
Koolboks
Aug 2022Led
$3 MSeed
CrowdForce
Feb 2022Led
$4 MSeries A
Pngme
Aug 2021Participated
$15 MSeries A
Sika Financial Group
Jun 2026Led
$2 MSeed
Koolboks
Sep 2025Led
$11 MSeries A
Yikodeen
May 2025Led
$2 MOther Equity
OmniRetail
Apr 2025Participated
$20 MSeries A
MDaaS Global
Mar 2024Led
$3 MSeries A
Fastizers
Jun 2023Led
$2 MOther Equity
Taeillo
Dec 2022Led
$3 MOther Equity
Lifestores Healthcare
Oct 2022Led
$3 MSeries A
Koolboks
Aug 2022Led
$3 MSeed
CrowdForce
Feb 2022Led
$4 MSeries A
Pngme
Aug 2021Participated
$15 MSeries A
11
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Aruwa Capital Management: 11 funding rounds are recorded in the selected participation categories.All available history.
Aruwa Capital Management: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed20
Series A42
Other Equity30

Monthly Deal Activity

Aruwa Capital Management: 11 deals are recorded across 63 months.All available history.
Aruwa Capital Management: 11 deals are recorded across 63 months. All available history
MonthDeals
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Aruwa Capital Management: Consumer & Lifestyle is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Aruwa Capital Management: Consumer & Lifestyle is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Consumer & Lifestyle3
Fintech3
Networks, Cloud & Communication2
Crypto & Blockchain2
Manufacturing2
Health & Life Sciences2
E-Commerce & Retail2
Clean Energy & Sustainability2
Data, Analytics & IT2
Enterprise Software1
Food & Agriculture1
Professional Services1
Social & Community Platforms1

Deal Size Distribution

Aruwa Capital Management: 11 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Aruwa Capital Management: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M3
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Aruwa Capital Management: Nigeria has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Aruwa Capital Management: Nigeria has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
Nigeria6
United States3
Europe2
Aruwa Capital Management: 20 co-investors are shown, with All On sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Aruwa Capital Management: 20 co-investors are shown, with All On sharing 2 recorded deals. All available history
Co-investorShared deals
All On2
Ventures Platform2
AAIC1
Acumen1
Blue Earth Capital1
EchoVC1
Flour Mills of Nigeria1
Future Africa1
Goodwell Investments1
GSMA1
HAVAIC1
Health541
KawiSafi Ventures1
Lateral Capital1
Newtown Partners1
Norfund1
Octopus Ventures1
Raptor Group1
The511
Timon Capital1

Investment Strategy

Aruwa Capital Management: Led accounts for 82% and participating for 18% of round participation.All available history.
Aruwa Capital Management: Led accounts for 82% and participating for 18% of round participation. All available history
CategoryDeals (count)Share (%)
Led982%
Participating218%
Aruwa Capital Management: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Aruwa Capital Management: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead667%
Co-led333%

Team

Adesuwa Okunbo Rhodes

Founder