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Since 2021, Aruwa Capital has backed 5 African startups across 6 disclosed funding rounds totaling $56.1M, most heavily in Nigeria and Logistics & Supply Chain.
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.
Data updated · Mar 27, 2026
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Aruwa Capital has backed 5 African startups across 6 disclosed funding rounds tracked on Liners, totaling $56.1M since 2021.
Mostly Series A: 3 of its 6 tracked rounds are at that stage, followed by Seed (2).
Its tracked rounds lean toward Logistics & Supply Chain (2), Fintech (1), E-commerce & Retail (1), and 2 more sectors.
Aruwa Capital most often shares rounds with Timon Capital (2 shared deals), Ventures Platform (2 shared deals), Norfund (2 shared deals).
Aruwa Capital Management is a Lagos-based, female-founded and led growth equity impact investment company. It focuses on established, rapidly growing companies in high-growth industries.
Aruwa Capital invests primarily in Nigeria and Kenya. It targets companies in e-commerce and retail, health tech, and AI and analytics.
Aruwa Capital has backed Omni (Nigeria, e-commerce), Mdaas (Nigeria, health tech), OmniBiz (Nigeria, e-commerce), and Pngme (Kenya, AI and analytics). These represent $34.1M across four funding rounds.