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.

Participated · Seed · Jan 2025

Billboxx provides an integrated billing-to-payment platform that streamlines billing processes, reduces inefficiencies from manual invoicing, and mitigates the impact of deferred payments. The platform offers automated billing and invoicing, secure payment facilitation, and cash-flow financing. Billboxx has strategic integrations with a commercial bank in Nigeria, an African payment gateway, and multiple lending partners to enable payments via bank transfers, cards, and financing options. Its MVP launched in May 2023 and has facilitated over $4 million in invoice payments. The company intends to use the new funding to expand operations and accelerate product development. Co-founders Justus Obaoye and Abdulazeez Ogunjobi lead the business.

Participated · Seed · Dec 2024

Founded in 2015 and based in Nigeria, PBR Life Sciences provides healthcare and pharmaceutical data analytics across African markets. Its AI-powered dashboards and generative AI tools deliver actionable insights on pricing, demand forecasting, and product development for clients including pharmaceutical firms such as Sanofi, consulting firms, NGOs, and multilateral organizations. The company participated in the ARM Labs Lagos Techstars Accelerator program. In December 2024 PBR raised $1.0M in a pre-seed round from a syndicate of investors. The funds will be used to enhance its AI infrastructure and support expansion into Ghana and Kenya. The raise positions PBR to scale its analytics offerings across more African markets.

Participated · Seed · Jul 2023

gamp is a one-stop shop for device acquisition, device protection plans, trade-ins, repairs, and mobile device management (MDM) solutions across Africa. gamp for Business bundles Device Protection Plans, Lease-to-Own for refurbished and new devices (1–24 months), OEM-certified repairs, trade-ins, and MDM to help employers centralize device procurement and support. The Device Protection Plan covers repair or replacement for breakdown or loss and includes MDM; gamp says the DPP can cut business spending on fixing or replacing devices by up to 90%. The company partners with OEMs, retailers, finance and insurance companies, and offers tiered subscription pricing for protection plans while the platform is free to start. gamp serves thousands of users and businesses, plans to grow over 20x in the next 12 months, and is currently live in Nigeria with expansion plans for francophone and East Africa. In 2022 it raised a $650,000 pre-seed that helped expand talent, develop the platform and validate new customers.

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.