Investment

Turning frontier research into top-tier returns.

When we look at the numbers closely

Focused on African digital commerce since 2019, investing early and supporting founders hands-on.

45+

Companies backed, including some of the most successful companies in the space.

10

Countries in our portfolio. We support diverse founders in Africa's dynamic markets.

33%

Companies backed by a female founder build stronger, resilient businesses.

Portfolio companies
AI
SaaS

Pastel

Cloud Kitchen
Food Delivery

500chow

Commerce
Business Tools

Bumpa

OUR evolving thesis

The Frontier Blindspot

“This disconnect between the conditions that drove the growth of the digital economies in high income countries and on-the-ground reality in frontier markets creates what we call the Frontier Blindspot.
November 15, 2023
Stephen Deng

Quality Capital

The African venture capital market appears to be at a stage reminiscent of Southeast Asia's situation five or six years ago before it experienced rapid growth.
November 15, 2023
Stephen Deng

Physical Ubiquity Redux

This post discusses the concept of "Physical Ubiquity," where physical distribution becomes accessible, creating new markets.
November 15, 2023
DFS LAB