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Since 2015, Formation 8 has backed 1 African startup across 3 disclosed funding rounds totaling $179.2M, most heavily in Nigeria and Fintech.
Formation 8 is a venture capital firm founded in 2011 by Joe Lonsdale, Jim Kim, and Brian Koo. It has been headquartered in San Francisco, California, and has maintained a strong presence in the United States and Asia. The firm focuses on supporting entrepreneurs who are building market leading smart enterprise and energy technology companies, providing both financial and strategic capital as well as operational expertise to help them scale globally. In Africa, Formation 8 has invested in Branch, a Nigeria based fintech company that offers instant smartphone loans, payments, and savings in a single app. Across Branch’s seed, Series A, and Series C rounds, Formation 8 has participated at seed, early growth, and later growth stages, showing a willingness to support portfolio companies over multiple funding cycles. These investments reflect a sector focus on fintech and a geographic focus on Nigeria. Formation 8 is known for leveraging its cross border networks and expertise to help technology companies expand into new markets. Its work with Branch illustrates a pattern of backing technology driven financial services that aim to broaden access to credit and savings products, while partnering with other leading global investors in large growth rounds.
Data updated · Aug 18, 2026
Formation 8 has backed 1 African startup across 3 disclosed funding rounds tracked on Liners, totaling $179.2M since 2015.
Mostly Series C: 1 of its 3 tracked rounds are at that stage, followed by Series A (1).
Formation 8's tracked rounds are concentrated in Nigeria (3).
Its tracked rounds lean toward Fintech (3).
Formation 8 most often shares rounds with Andreessen Horowitz (2 shared deals), Khosla Impact (2 shared deals), Foundation Capital (1 shared deal).
Formation 8 is a venture capital firm that focuses on smart enterprise and energy technology companies, providing both financial and strategic capital along with operational support. It was founded in 2011 and has been headquartered in San Francisco, California. The firm has invested in technology driven businesses across multiple regions.
The confirmed African portfolio company for Formation 8 is Branch, a Nigeria based fintech platform that combines instant smartphone loans, payments, and savings in one app. Formation 8 has invested in Branch across multiple rounds, including seed, Series A, and Series C. No other African companies are confirmed in the provided data.
