Fund profile

Future Africa

San Francisco, Nigeria

Leading

About

Future Africa is a venture capital firm focused on funding and supporting African startups addressing the continent's most pressing challenges. Founded by Iyinoluwa Aboyeji, the firm has invested in a variety of sectors including fintech, healthtech, and edtech. Some of their notable portfolio companies include Flutterwave, Andela, and Moove. Future Africa typically makes seed-stage investments ranging from $100,000 to $500,000, and provides significant follow-on capital. They emphasize a community-driven approach, leveraging a network of over 300 founders, investors, and advisors to support their portfolio companies from the ground up. This network helps provide strategic advice, introductions, and support critical for early-stage growth. The firm has a strong focus on talent, infrastructure, markets, and the environment, aiming to build sustainable and scalable businesses across Africa. They have a proven track record with over $10 million deployed, more than 100 portfolio companies, and successful exits including Flutterwave and Andela, both of which have achieved unicorn status.

Details

Highlights

$1.7M

Historical average check

$100M

Historical max check

December 2024

Last investment date

75

Investments

Transportation & Mobility

Fintech & Financial services

Software & Apps

Education

Real Estate & Proptech

Security & Privacy

Consumer Goods & Electronics

Healthtech & Wellness

E-commerce & Retail

Other

Funds that also invest in AI & Deep Tech