AF

AFRICAGrow Ventures — Pre-Seed & Seed VC Firm ($200K–$750K Checks)

VC
Lagos, NigeriaWebsite

AFRICAGrow Ventures is a Pre-Seed, Seed venture capital firm based in Lagos, Nigeria investing in Other, Fintech, Consumer. The firm typically writes $200K–$750K checks and has 32 portfolio companies in our records.

Check size
$200K–$750K
Portfolio
32 companies on record
Partners
4 listed
AUM
$220M
Stage
Pre-Seed, Seed
Sectors
Other, Fintech, Consumer, Healthcare, EdTech, AI / ML, Climate / Energy, SaaS, Developer Tools
HQ
Lagos, Nigeria

Last verified: 2026-05-26

How to approach: cold outreach ok
Stage

Pre-Seed, Seed

Check Size

$200K – $750K

AUM

$220M

Portfolio

32+ companies

Team

4 partners

Investor activity
Last known investment: 2019Investments in last 12 months: 0

Investment Thesis

AfricaGrow Ventures invests in technology-powered African startups that enhance financial inclusion and agricultural productivity.

How AFRICAGrow Ventures invests

AFRICAGrow Ventures is a vc firm based in Lagos, Nigeria. The firm invests at the Pre-Seed, Seed stages, with a focus on Other, Fintech, Consumer, Healthcare, EdTech. It does not invest in Media, Consumer.

AFRICAGrow Ventures typically writes checks of $200K–$750K per investment, backed by approximately $220M in assets under management.

Investing since at least 2019, AFRICAGrow Ventures has backed 32 companies in our records, including SPE Capital, Uhuru Investment Partners, Salt Equity I. Its most recent recorded investment was in 2019.

Partners & Team

NN

Nadia Nikolova

Lead Portfolio Manager, Development Finance & Private Debt Impact Investing, Allianz Global Investors

Private Debt
Development Finance
Emerging Markets
AO

Adesuwa Ogbo

General Partner

AgriTech
FinTech
ME

Martin Ewald

Lead Portfolio Manager, Private Equity Impact Investing / AfricaGrow, Allianz Global Investors

Private Equity
Impact Investing
Africa SME & VC Funds
MC

Matt Christensen

Global Head of Sustainable & Impact Investing, Managing Director, Allianz Global Investors

Impact Investing Strategy
ESG Integration
Private Markets

Industry Focus

Invests In

Other
Fintech
Consumer
Healthcare
EdTech
AI / ML
Climate / Energy
SaaS
Developer Tools

Does Not Invest In

Media
Consumer

Portfolio Companies (32)

2019

SP

SPE Capital

Private Equity

Other

UH

Uhuru Investment Partners

Consumer, Financial Services
SA

Salt Equity I

Consumer
ME

Mediterrania Capital Partners

Consumer Goods, Healthcare, Education, Financial Services
AL

Alterra Capital Partners

Business Services, Healthcare, Technology, Telecommunications
RM

RMBV

Consumer, Education, Healthcare, Financial Services
AM

Amethis

Various
TL

TLcom Capital

Various

Portfolio companies include Andela, Autochek, Fairmoney, Illa, LittleFish, Pula, Shara, Twiga Foods, uLesson, Zone.

VE

Ventures Platform

Various
KN

Knife Capital

Various
How to pitch AFRICAGrow Ventures
  • Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
  • Lead with your fit in Other, Fintech, Consumer — the sectors they actively back.
  • Size your ask to their typical $200K – $750K check.
  • cold outreach ok
  • Address your outreach to a specific partner, such as Nadia Nikolova, Lead Portfolio Manager, Development Finance & Private Debt Impact Investing, Allianz Global Investors.
  • A warm introduction beats a cold email. Get matched and request an intro.

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