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Since 2011, Adlevo Capital has backed 2 African startups across 3 disclosed funding rounds totaling $32.5M, most heavily in Nigeria and Fintech.
Adlevo Capital is a Mauritius based private equity fund manager focused on technology enabled businesses in sub Saharan Africa. According to its official materials, the firm was founded on the conviction that meaningful development in the region will be driven by the application of technology to business processes across all sectors. Adlevo Capital makes equity and equity linked investments in rapidly growing private companies. Its activity includes backing technology enabled infrastructure and service companies, with a particular focus on digital and financial services. Based on available investment data, Adlevo Capital has participated in Series A, Series B, and other venture rounds in Nigerian fintech companies such as Paga and Interswitch, reflecting a strong sector and geographic emphasis on Nigeria and financial technology. Adlevo Capital is recognized as one of the first private equity firms dedicated to technology enabled companies across multiple African countries. It manages Adlevo Capital Africa, a fund that targets opportunities in sub Saharan Africa with a noted focus on Nigeria and South Africa, and has attracted commitments from prominent development finance institutions, underscoring its role in advancing technology driven growth in the region.
Data updated · Jul 29, 2026
Adlevo Capital has backed 2 African startups across 3 disclosed funding rounds tracked on Liners, totaling $32.5M since 2011.
Mostly Series B: 1 of its 3 tracked rounds are at that stage, followed by Series A (1).
Adlevo Capital's tracked rounds are concentrated in Nigeria (3).
Its tracked rounds lean toward Fintech (3).
Adlevo Capital most often shares rounds with Goodwell Investments (2 shared deals), Acumen (2 shared deals), Omidyar Network (2 shared deals).
Adlevo Capital has backed Nigerian fintech companies including Paga and Interswitch. It has participated in multiple funding rounds for Paga and in a venture round for Interswitch, reflecting its focus on technology enabled financial services in sub Saharan Africa.
