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The Venture Codex

Overview

Early-stage growth capital for sustainable enterprises in emerging markets.

Founded

2006

Deals ยท 12mo

1

Stage focus

Series A
Series B

Geographic focus

Kenya
Nigeria
South Africa
United Kingdom
...

Sector focus

Financial Services
Information Technology

Investment portfolio

24rounds
NAMEDATESIZE
East Africa Foods
Oct 2026Participated
$40 MSeries B
OmniRetail
Apr 2025Participated
$20 MSeries A
Good Nature Agro
Jan 2024Participated
$9 MSeries B
Inclusivity Solutions
Dec 2023Led
$2 MSeries A
Copia Global
Dec 2023Participated
$20 MSeries C
Copia Global
Jan 2022Led
$50 MSeries C
onafriq
Nov 2021Led
$100 MSeries C
Chicoa Fish Farm
Nov 2020Led
$2 MSeries A
Good Nature Agro
Oct 2020Participated
$2 MSeries A
SparkMeter
Aug 2020Participated
$12 MSeries A
Inclusivity Solutions
May 2020Led
$1 MSeries A
Tomato Jos
May 2020Led
$4 MSeries A
East Africa Foods
Oct 2026Participated
$40 MSeries B
OmniRetail
Apr 2025Participated
$20 MSeries A
Good Nature Agro
Jan 2024Participated
$9 MSeries B
Inclusivity Solutions
Dec 2023Led
$2 MSeries A
Copia Global
Dec 2023Participated
$20 MSeries C
Copia Global
Jan 2022Led
$50 MSeries C
onafriq
Nov 2021Led
$100 MSeries C
Chicoa Fish Farm
Nov 2020Led
$2 MSeries A
Good Nature Agro
Oct 2020Participated
$2 MSeries A
SparkMeter
Aug 2020Participated
$12 MSeries A
Inclusivity Solutions
May 2020Led
$1 MSeries A
Tomato Jos
May 2020Led
$4 MSeries A
24
Items
...
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Insights

Time horizon

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Deal Distribution

Goodwell Investments: 24 funding rounds are recorded in the selected participation categories.All available history.
Goodwell Investments: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A56
Series B07
Series C+21
Other Equity21

Monthly Deal Activity

Goodwell Investments: 24 deals are recorded across 133 months.All available history.
Goodwell Investments: 24 deals are recorded across 133 months. All available history
MonthDeals
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '181
Nov '180
Dec '180
Jan '192
Feb '190
Mar '190
Apr '190
May '190
Jun '192
Jul '190
Aug '191
Sep '190
Oct '191
Nov '191
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '202
Jun '200
Jul '200
Aug '201
Sep '200
Oct '201
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '232
Jan '241
Feb '240
Mar '240
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 '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Goodwell Investments: Fintech is the largest displayed sector by deal count (9 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.

Goodwell Investments: Fintech is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Fintech9
Networks, Cloud & Communication7
E-Commerce & Retail7
Professional Services6
Consumer & Lifestyle5
Marketing & Advertising4
Food & Agriculture4
Transportation & Logistics3
Enterprise Software2
Clean Energy & Sustainability2
Data, Analytics & IT2
Health & Life Sciences1

Deal Size Distribution

Goodwell Investments: 24 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.

Goodwell Investments: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M3
$10M-$25M6
$25M-$50M2
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Goodwell Investments: South Africa has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Goodwell Investments: South Africa has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
South Africa7
Kenya5
Europe4
Nigeria3
Zambia2
United States1
Tanzania1
Mozambique1
Goodwell Investments: 20 co-investors are shown, with LUN Partners Group sharing 3 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.

Investment Strategy

Goodwell Investments: Led accounts for 38% and participating for 63% of round participation.All available history.
Goodwell Investments: Led accounts for 38% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led938%
Participating1563%
Goodwell Investments: Single-lead accounts for 89% and co-led for 11% of lead dynamics.All available history.
Goodwell Investments: Single-lead accounts for 89% and co-led for 11% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead889%
Co-led111%

Team

Els Boerhof

co-founder, Managing Partner / co-owner

Wim van der Beek

Founder and managing partner