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Since 2018, FJ Labs has backed 6 African startups across 9 disclosed funding rounds totaling $80.7M, most heavily in Namibia and Fintech.
FJ Labs is a venture capital firm that focuses on marketplaces and network effect businesses. According to its official materials, FJ Labs is a stage agnostic investment firm that invests globally in consumer facing startups and marketplace driven models. The firm is based in New York and was founded by Fabrice Grinda and Jose Marin. In Africa, FJ Labs has been an active investor across seed, Series A and other venture rounds between 2018 and 2022, participating in at least nine funding rounds in the region. Based on available investment data, the firm has backed companies such as Mazadat in Egypt, JabuPay in Namibia, Yassir in Algeria, Konnash in Morocco, Sendbox in Nigeria and Lori Systems in Kenya. These investments span seed, Series A and unspecified venture rounds and total more than 80 million dollars deployed over this period. Within its African portfolio, FJ Labs has invested in fintech, quick commerce, travel and mobility, logistics and supply chain, and ecommerce and retail businesses. Its African investments show a particular concentration in Namibia and Algeria, while also covering Egypt, Morocco, Nigeria and Kenya, consistent with the firm’s global marketplace and consumer focus.
Data updated · Aug 4, 2026
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FJ Labs has backed 6 African startups across 9 disclosed funding rounds tracked on Liners, totaling $80.7M since 2018.
Mostly Seed: 5 of its 9 tracked rounds are at that stage, followed by Series A (2).
Its tracked rounds lean toward Fintech (4), Quick Commerce (2), Travel & Mobility (2), and 2 more sectors.
FJ Labs most often shares rounds with Afore Capital (3 shared deals), Y Combinator (3 shared deals), Quiet Capital (3 shared deals).
Investment data shows that FJ Labs has backed African companies such as Mazadat in Egypt, JabuPay in Namibia, Yassir in Algeria, Konnash in Morocco, Sendbox in Nigeria and Lori Systems in Kenya. These companies operate in sectors including fintech, quick commerce, travel and mobility, logistics and supply chain, and ecommerce and retail.