Led · Seed · Jun 2026

Founded in 2023 by Emmanuel Ashirifi, Sika Financial Group develops infrastructure for settlement, clearing, liquidity management and market data to facilitate cross-border financial flows. The company provides services including FX settlement, liquidity aggregation, multilateral clearing and delivery-versus-payment settlement across fragmented markets. Sika already supports institutions operating across markets covering more than 15 currencies and is present in Africa, Latin America, Asia and the Middle East. Its platform targets banks, corporates, brokers and payment providers to enable multi-currency transactions across corridors with limited infrastructure. The company plans to expand its regulatory footprint, increase its settlement and clearing capacity, widen covered currency corridors and further develop its technology stack using the newly raised capital. Financial metrics such as revenue or user counts were not disclosed in the article.

Led · Series A · Sep 2025

Koolboks builds solar-powered refrigeration units with internal batteries and IoT to provide reliable cold storage where grid power is unreliable. The company sells refrigeration as a pay-as-you-go service, allowing customers to purchase cooling in monthly token payments. Koolboks operates in 28 countries and has more than 10,000 units across Nigeria. With new funding, it plans to open an assembly plant in Nigeria within 12–18 months to produce 72,000 refrigerators a year, create about 450 jobs, and cut prices by up to 20%. The startup is launching trade-in initiatives (Koolbuy and Scrap4New) and exploring monetising carbon savings to improve affordability. Since 2022 it has grown fundraising to about $18 million in total, including an $11 million Series A. Koolboks builds off-grid solar refrigeration units that can operate as refrigerators, freezers and lighting, storing cooling energy (using water and the sun) for up to four days without grid power. The units include LED lights and USB ports and come in 110–1,000 liter sizes. The company sells via a pay-as-you-go model—customers pay roughly $10–$20 monthly through mobile payments or POS agents to unlock usage tokens. Founded in 2018, Koolboks pivoted from a camping-refrigerator product to focus on business customers in emerging markets in 2020 and now sells across 18 countries while maintaining physical offices in Lagos and Paris and an affiliate office in Kenya. The startup has acquired over 3,000 unique customers and reports that the entire transaction volume it recorded in 2021 was achieved in the first two months of this year. Koolboks plans to use new capital to expand across Nigeria, build a local assembly facility and team, and catalyze entry into additional African markets such as DRC and Ivory Coast.

Led · Equity · May 2025

Yikodeen builds certified industrial safety footwear and has expanded into serving a range of corporate and institutional clients. Founded and led by Yinka Atunde, the company started by refurbishing abandoned local factory machinery and iteratively improving product quality through extensive testing and certification. A key commercial breakthrough came in 2022 when Yikodeen won a major contract to supply 10,000 shoes to the police, and it now supplies over 50 organisations including Saipem, NLNG, Dangote Group, Seplat, BUA and the Nigerian Army. After securing $1.5 million in 2025, Yikodeen commissioned a manufacturing facility in Ejigbo, Lagos capable of producing more than 5,000 pairs in 24 hours and employing about 500 people, over 61% of whom are women. The founder has signaled plans to scale beyond footwear into a broader industrial safety ecosystem while continuing to pursue local production that meets international standards.

Participated · Series A · Apr 2025

OmniRetail digitizes order management for FMCG manufacturers, distributors and informal retailers across Nigeria, Ghana and Ivory Coast. It serves 145 manufacturers, more than 5,800 distributors and over 150,000 retailers across 12 cities, supported by a third-party logistics network of 1,100+ vehicles and 85 local logistics partners. The company embeds finance via Omnipay, which processed over ₦1.3 trillion in transactions last year and disbursed ₦19 billion monthly in inventory credit with near-zero defaults. OmniRetail pursues an asset-light "network of networks" model that delivered profitability: it was EBITDA positive in 2023 and net profitable in 2024. The 2024 acquisition of Traction Apps added full-stack payment capabilities, POS terminals, PSSP and Super Agent licenses and retailer-level sales data. With new capital the company plans to deepen embedded finance products, expand its retailer base and product categories (personal care, home care, cold storage), upgrade infrastructure, enhance credit underwriting and strengthen partnerships with domestic debt providers while pursuing a local debt raise to scale its loan book.

Led · Series A · Mar 2024

MDaaS Global is a Nigerian health tech company operating tech-enabled diagnostic centers that provide imaging (digital x-ray, ultrasound), cardiac services (ECG, echo) and a range of lab services from chemistry to immunoassay and hematology. Its BeaconOS platform serves as the operating system for its centers, and the company also offers products like SentinelX (now focused on B2B corporate screenings), Olewerk to optimize workflows, and Beam for occupational-health management. The company currently runs 17 diagnostic centers across 10 states and plans to construct an additional 23 centers to extend coverage to all Nigerian states via company-owned and affiliate clinics. MDaaS has an integrated care network of over 1,300 referring clinicians across more than 1,000 organizations and connections to 34 HMOs. Since inception the startup has served over 275,000 patients (108,724 in the past year), conducted over 240,000 diagnostic tests, and reports that 60.8% of patients in the past year were women. MDaaS Global runs tech-enabled, centralized diagnostic centers that aggregate demand from small and medium hospitals to offer imaging (digital x-ray, ultrasound), cardiac (ECG, echo) and lab services (chemistry, immunoassay, hematology). The company built its model after importing and servicing secondary medical equipment and shifting to a centralized diagnostic-centre aggregation approach to reduce capital burdens on individual clinics. MDaaS has served over 40,000 patients and performed more than 80,000 diagnostic tests, with 750 clinicians in its referral network and partnerships with 500+ health facilities and 10 HMO networks. It recently launched SentinelX, a personalized-care screening program (private beta) that charges a one-time N35k (~$70) annual fee and offers panels of roughly 60–70 biomarkers plus clinical and family-history analysis; the product planned a public launch in September 2021. The company targets low- to middle-income patients and emphasizes cost-customized diagnostic infrastructure while training younger doctors to mitigate brain drain. MDaaS plans to add six more diagnostic centers this year and aims to operate 100 centers across Africa and serve one million patients per year by 2025. MDaaS Global builds and operates diagnostic centres in Nigeria offering services such as digital x-ray, ultrasound, mammography, chemistry analysis, immunoassay and hematology. The startup was founded in 2016 and is led by CEO Oluwasoga Oni, CFO Genevieve Barnard Oni, supply chain manager Joe McCord and Nigeria country manager Opeyemi Ologun. It has participated in accelerator and incubation programs including Techstors Impact and the Harvard Innovation Labs Venture Incubation Programme. Last year the company raised $100,000 from Nigerian VC Ventures Platform. The company recently filed an SEC disclosure showing ongoing equity fundraising activity and has not provided public comment on the deal details. MDaaS Global operates tech-enabled low-cost medical diagnostic and primary care centers aimed at expanding access to affordable healthcare in Africa. The company was founded in 2016 by Oluwasoga Oni, Genevieve Barnard Oni, Joe McCord and Opeyemi Ologun. Its first centre in Ibadan reached breakeven after five months of operation and the company reported revenue growth of 500% since January. MDaaS has pursued validation and support through programs including Techstars Impact and the Harvard Innovation Labs Venture Incubation Programme. The team emphasizes building a scalable network of clinics to serve a broad set of consumers regardless of income level. These operational milestones underpin the company’s growth strategy and attractiveness to investors.