Overview
Discovery fund investing in mission-driven, capital-efficient startups.
Founded
2016
Deals · 12mo
1
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Cybervergent | Mar 2026Led | $3 MSeed | |
OmniRetail | Apr 2025Participated | $20 MSeries A | |
Raenest | Feb 2025Participated | $11 MSeries A | |
Juicyway | Dec 2024Participated | $3 MSeed | |
Maad | May 2024Led | $3 MSeed | |
MDaaS Global | Mar 2024Participated | $3 MSeries A | |
Shekel Mobility | Nov 2023Led | $7 MDebt | |
Mecho | Sep 2023Participated | $2 MSeries A | |
Traction Apps | Aug 2023Led | $6 MSeed | |
Remedial Health | Jul 2023Led | $12 MSeries A | |
MyCover.ai | Jul 2023Led | $1 MSeed | |
Talstack | Jun 2023Led | $0.85 MSeed | |
Cybervergent | Mar 2026Led | $3 MSeed | |
OmniRetail | Apr 2025Participated | $20 MSeries A | |
Raenest | Feb 2025Participated | $11 MSeries A | |
Juicyway | Dec 2024Participated | $3 MSeed | |
Maad | May 2024Led | $3 MSeed | |
MDaaS Global | Mar 2024Participated | $3 MSeries A | |
Shekel Mobility | Nov 2023Led | $7 MDebt | |
Mecho | Sep 2023Participated | $2 MSeries A | |
Traction Apps | Aug 2023Led | $6 MSeed | |
Remedial Health | Jul 2023Led | $12 MSeries A | |
MyCover.ai | Jul 2023Led | $1 MSeed | |
Talstack | Jun 2023Led | $0.85 MSeed |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 10 | 11 |
| Series A | 1 | 4 |
| Other Equity | 2 | 1 |
| Debt | 1 | 1 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| May '18 | 1 |
| Jun '18 | 0 |
| Jul '18 | 0 |
| Aug '18 | 0 |
| Sep '18 | 1 |
| Oct '18 | 0 |
| Nov '18 | 0 |
| Dec '18 | 0 |
| Jan '19 | 0 |
| Feb '19 | 0 |
| Mar '19 | 0 |
| Apr '19 | 0 |
| May '19 | 0 |
| Jun '19 | 0 |
| Jul '19 | 0 |
| Aug '19 | 0 |
| Sep '19 | 0 |
| Oct '19 | 0 |
| Nov '19 | 0 |
| Dec '19 | 0 |
| Jan '20 | 0 |
| Feb '20 | 0 |
| Mar '20 | 0 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 0 |
| Aug '20 | 0 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 0 |
| Jan '21 | 0 |
| Feb '21 | 0 |
| Mar '21 | 0 |
| Apr '21 | 0 |
| May '21 | 0 |
| Jun '21 | 0 |
| Jul '21 | 1 |
| Aug '21 | 0 |
| Sep '21 | 0 |
| Oct '21 | 1 |
| Nov '21 | 1 |
| Dec '21 | 0 |
| Jan '22 | 0 |
| Feb '22 | 4 |
| Mar '22 | 0 |
| Apr '22 | 0 |
| May '22 | 2 |
| Jun '22 | 0 |
| Jul '22 | 0 |
| Aug '22 | 1 |
| Sep '22 | 1 |
| Oct '22 | 0 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 1 |
| Feb '23 | 1 |
| Mar '23 | 2 |
| Apr '23 | 1 |
| May '23 | 0 |
| Jun '23 | 2 |
| Jul '23 | 2 |
| Aug '23 | 1 |
| Sep '23 | 1 |
| Oct '23 | 0 |
| Nov '23 | 1 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 0 |
| Mar '24 | 1 |
| Apr '24 | 0 |
| May '24 | 1 |
| Jun '24 | 0 |
| Jul '24 | 0 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 1 |
| Jan '25 | 0 |
| Feb '25 | 1 |
| Mar '25 | 0 |
| Apr '25 | 1 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 0 |
| Oct '25 | 0 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 1 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Fintech | 14 |
| Networks, Cloud & Communication | 12 |
| E-Commerce & Retail | 8 |
| Professional Services | 6 |
| Health & Life Sciences | 5 |
| Enterprise Software | 4 |
| Transportation & Logistics | 3 |
| Education & Workforce | 1 |
| Cybersecurity & Privacy | 1 |
| Clean Energy & Sustainability | 1 |
| Consumer & Lifestyle | 1 |
| Marketing & Advertising | 1 |
| Crypto & Blockchain | 1 |
| Media & Entertainment | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 24 |
| $5M-$10M | 3 |
| $10M-$25M | 4 |
| $25M-$50M | 0 |
| $50M-$100M | 0 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 8 of 8 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| Nigeria | 18 |
| United States | 6 |
| Canada | 2 |
| Europe | 1 |
| CôTe D'ivoire | 1 |
| British Virgin Islands | 1 |
| Tanzania | 1 |
| Senegal | 1 |
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.
| Co-investor | Shared deals |
|---|---|
| Voltron Capital | 10 |
| Future Africa | 5 |
| Y Combinator | 5 |
| Launch Africa | 4 |
| Microtraction | 4 |
| P1 Ventures | 3 |
| Uncovered Fund | 3 |
| Acasia Ventures | 2 |
| Alumni Ventures | 2 |
| Aruwa Capital Management | 2 |
| DFS Lab | 2 |
| FirstCheck Africa | 2 |
| Global Ventures | 2 |
| Hustle Fund | 2 |
| Magic Fund | 2 |
| Musha Ventures | 2 |
| QED Investors | 2 |
| Seedstars | 2 |
| Tencent | 2 |
| Timon Capital | 2 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 14 | 45% |
| Participating | 17 | 55% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 9 | 64% |
| Co-led | 5 | 36% |