Aruwa Capital Management is a Lagos-based, female-founded and led growth equity impact investment company. It stands as one of the few women-owned investment houses focused on high-impact opportunities. The firm invests in established, rapidly growing companies in the small to lower mid-market across high-growth industries in Africa. Its activity includes Series A and Seed stages, with a geographic focus on Nigeria and Kenya, targeting sectors such as e-commerce and retail, health tech, and AI and analytics. Notable investments feature Omni ($20.0M Series A, Apr 2025), Mdaas ($3.0M Seed, Mar 2024), OmniBiz (Venture, Jun 2023), and Pngme ($11.1M Series A, Jul 2021), totaling $34.1M across four rounds from Jul 2021 to Apr 2025. Aruwa Capital Fund I (2019 vintage) is supported by institutional investors including Visa Foundation and Mastercard Foundation Africa Growth Fund. The firm has partnered with co-investors like Norfund, Ventures Platform, and EchoVC in these deals.