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The Venture Codex

Equitable Ventures

214A – The Junction Business Hub, Arsenal Branch Road, Calebasses, Pamplemousses, 22201, Mauritius

Overview

Venture funding firm focused on financial inclusion in Africa.

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

South Africa

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
Happy Pay
Mar 2026Participated
$5 MSeed
TurnStay
Aug 2025Participated
$2 MSeed
Happy Pay
Mar 2026Participated
$5 MSeed
TurnStay
Aug 2025Participated
$2 MSeed
2
Items
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Insights

Time horizon

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Deal Distribution

Equitable Ventures: 2 funding rounds are recorded in the selected participation categories.All available history.
Equitable Ventures: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02

Monthly Deal Activity

Equitable Ventures: 2 deals are recorded across 15 months.All available history.
Equitable Ventures: 2 deals are recorded across 15 months. All available history
MonthDeals
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Equitable Ventures: Fintech is the largest displayed sector by deal count (2 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.

Equitable Ventures: Fintech is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Fintech2
Travel & Hospitality1
E-Commerce & Retail1

Deal Size Distribution

Equitable Ventures: 2 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.

Equitable Ventures: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Equitable Ventures: South Africa has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Equitable Ventures: South Africa has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
South Africa2
Equitable Ventures: 10 co-investors are shown, with 4Di Capital sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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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.

Equitable Ventures: 10 co-investors are shown, with 4Di Capital sharing 1 recorded deals. All available history
Co-investorShared deals
4Di Capital1
CV VC1
E4E Africa1
Enza Capital1
Felix Strategic Investments1
First Circle Capital1
Futuregrowth Asset Management1
Incisive Ventures1
Partech1
TLcom Capital1

Investment Strategy

Equitable Ventures: Led accounts for 0% and participating for 100% of round participation.All available history.
Equitable Ventures: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating2100%
Equitable Ventures: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Equitable Ventures: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Fabrice Boulle

Founder & Managing Partner