• Chowdeck

  Participated · Series A · Aug 2025

  Chowdeck operates a food and grocery delivery platform that serves local meals and international cuisines across 11 cities in Nigeria and Ghana. The company claims 1.5 million customers and a network of more than 20,000 riders, with an average logistics time of about 30 minutes and over half of deliveries by bicycle in dense areas. Chowdeck has been profitable since before this raise and says the value of meals delivered grew more than sixfold in 2024, with 2025 volume already surpassing last year’s total before July. The startup is rolling out a quick-commerce strategy supported by dark stores and hyperlocal logistics hubs, planning 40 dark stores by year-end and 500 by end of 2026 (launching two to three stores per week). Chowdeck acquired Mira, a point-of-sale provider, to add vertical SaaS capabilities and optimize operations, positioning itself as a SaaS-plus-logistics provider for restaurants. The company also plans to expand into more cities in Nigeria and Ghana and aims to significantly grow daily order volumes in its newer markets. Chowdeck, founded by Femi Aluko, Olumide Ojo and Lanre Yusuf, operates a multi-vertical delivery platform for prepared meals, supermarkets/groceries and pharmacies. The company launched its first product in October 2021 and now operates across eight cities with more than 3,000 riders and over 500,000 users, including over 100,000 monthly active users. Its logistics use geotagging, multiple vehicle types, vendor acceptance windows and automated rider-customer matching, with strict vendor and rider performance rules to keep delivery times fast. Chowdeck reported annual GMV across verticals of over ₦7 billion, and noted it crossed ₦1 billion in October before reaching ₦2.4 billion by March 2024; Lagos generates about 80% of volumes. With a take rate of 24%, the company says revenues (from vendor commissions, service fees, surge charges and delivery fees) grew 1,200% between 2022 and 2023. Chowdeck emphasizes sound unit economics over heavy discounts and plans to use new capital to boost operational efficiency, expand to more Nigerian cities, and improve experiences for customers, vendors and riders.

• Klas

  Participated · Seed · Feb 2024

  Klas is an online teaching platform that enables users to create and sell e-books, courses, and live classes and provides scheduling, payments, community features, analytics, and native video conferencing. The company built its own virtual classroom, KlasLife, with a proprietary video architecture instead of relying on Zoom or Google Meet. Founded in 2022 by Nathan Nwachuku and Lekan Adejumo, Klas serves more than 5,000 online schools (creators) and 300,000 learners across 30+ countries, with creators having earned “hundreds of thousands of dollars” on the platform. It currently offers a free plan with a 5% transaction fee and supports naira for Nigerian users and dollars for international users. Klas plans to scale internationally with a focus on India and North America, add localized currency options, and aims to power up to 100,000 online schools by 2027. To boost revenue, the company may raise prices and is planning an enterprise product targeted at corporate upskilling priced at $199 per month. Klas builds a live-learning platform that packages payments, scheduling, community tools, analytics and a purpose-built video conferencing product (Klas Live) for creators to run cohort-based classes. The product includes Klas Pay (payouts in naira and US dollars, crypto planned), internal messaging, email tools, an analytics dashboard, student ID verification, attendance tracking, and community Rooms. Creators get booking pages, automated recording uploads to YouTube, and can choose free or pro plans. The company says it focuses on live group classes rather than self-paced MOOCs to drive higher completion rates. Klas has amassed a waitlist of more than 2,500 creators and secured partnerships with startups and online schools inside and outside Africa. Financially, Klas raised a $130,000 angel round in March and previously received $5,000 from a close angel investor in December to begin paying engineers.

• Kunda Kids

  Participated · Seed · May 2023

  Kunda Kids is a London-based children’s media publisher and creative studio founded in 2020 by Oladele and Louisa Olafuyi. The company produces Kunda & Friends, a music-led 3D animated series inspired by African culture that teaches values such as self-confidence, teamwork and kindness. It also publishes books and operates a mobile app that supports language and cultural learning for children. Kunda Kids has sold over 25,000 books to date and its app has been downloaded in more than 130 countries. The company intends to use new funding to further build out its mobile app and continue working with creative talent. The first four episodes of Kunda & Friends were scheduled for release on May 29, with additional episodes to follow.

• Payday

  Participated · Seed · Mar 2023

  Payday issues global virtual accounts (USD, EUR, GBP and others), virtual dollar and naira cards, currency swaps, payment links, local bill payments and peer-to-peer transfers for African remote workers, freelancers and diaspora customers. Launched by Favour Ori in June 2021, the startup initially aimed to be a PayPal for Africa before narrowing focus to Nigeria after shutting nine costly corridors. Payday reports growth from slightly over 100,000 users at the end of 2022 to more than 300,000 users, processing an average of 40,000 transactions daily and over $25 million monthly. The company says its monthly revenues have quadrupled and it has been profitable since August 2022, though its burn rate has tripled due to increased marketing. Payday has become a payment partner for SpaceX’s Starlink in Nigeria and Rwanda and recently incorporated in the U.K. while maintaining ties to Kigali. The team has expanded leadership with hires from Revolut and Goldman Sachs/Expedia and is planning product extensions such as loans and credit cards. Payday began as a product under TalentMatch and launched in June 2021, evolving into a fintech platform registered in the US, Canada, and Rwanda. The platform facilitates cross-border payments from Africa, enables payments between foreign employers and clients, issues virtual cards, and eases payment of tuition and other fees in the US, Canada, and the UK. Payday reported rapid early traction: over 5,000 users and processed over $1.4 million transactions within the first three weeks after launch. Its advisory board highlights the product's timeliness for Africa's single-market agenda and multiple local-currency checkout options. The company leverages referrals and word-of-mouth as primary user-acquisition channels noted in the article.

• Spleet

  Participated · Seed · Oct 2022

  Spleet operates a platform that lists landlord properties and offers subscription-based rent-management services and a rent-financing product to enable flexible payment schedules. Its flagship BNPL product, Rent Now, Pay Later, offers no-collateral loans up to ₦3 million (about $6,000) at roughly 3.5% monthly interest and was beta-tested with a one-month down payment and the company financing the remaining 11 months. The company has also launched Collect, which automatically receives rent on landlords' behalf, and Verify, a tenant background-check tool. Since launch Spleet has processed over $3.5 million in rent, onboarded more than 35 individual and corporate landlords, recorded over 1,000 housed tenants and logged over 68,000 unfulfilled requests; average customer lifetime is 26 months. During Rent Now beta the nonperforming loans ratio was 1.2%. The company plans to scale its residential rent management and financing products and to test new markets early next year, and it intends to build a rent-data repository to help customers access other financial services. Spleet is a Nigerian prop-tech startup focused on building financial services solutions for landlords and tenants across Africa. The company plans features including tenant vetting, payment automation for landlords, and a rent-now-pay-later option for tenants. CEO Tola Adesanmi acknowledged Spleet’s initial housing marketplace did not address affordability and said the rent-now-pay-later product would help plug that gap. The firm’s stated mission is to make housing easier in Africa, though its current solution is targeted at the premium end of the market. The article does not disclose operating metrics such as revenue or user counts. Spleet announced a $625k pre-seed raise led by MetaProp VC.

No current team members are available.