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Since 2022, Gaingels has backed 3 African startups across 4 disclosed funding rounds totaling $28.6M, most heavily in Nigeria and Fintech.
Gaingels is an American venture investment syndicate that focuses on backing companies with diverse and underrepresented leadership, particularly within the LGBTQIA+ community. It operates as a venture capital syndicate, partnering with accredited investors to co invest in innovation economy companies. Public profiles describe Gaingels as headquartered in Burlington, Vermont, with additional presence in New York. In Africa, Gaingels has participated in early stage funding rounds across fintech and health technology. Between January 2022 and September 2024 it took part in four rounds across pre seed, seed, and Series A stages, deploying a total of 28.6 million dollars. Its African portfolio includes Happy Pay in South Africa at both pre seed and seed stages, Remedial Health in Nigeria at Series A, and Conduit in Nigeria at seed stage, reflecting a focus on South Africa and Nigeria and an emphasis on fintech, complemented by one health tech investment. Gaingels typically invests alongside other experienced venture investors rather than leading rounds, aligning its capital and network with institutional funds. Co investors in its African deals have included firms such as 4Di Capital, Equitable Ventures, Launch Africa, QED Investors, Y Combinator, Tencent, Ventures Platform, and Fin Capital, highlighting its collaborative approach and integration into global venture syndicates.
Data updated · Aug 19, 2026
Gaingels has backed 3 African startups across 4 disclosed funding rounds tracked on Liners, totaling $28.6M since 2022.
Mostly Seed: 2 of its 4 tracked rounds are at that stage, followed by Pre-Seed (1).
Gaingels's tracked rounds are concentrated in Nigeria (3), South Africa (2).
Its tracked rounds lean toward Fintech (3), Health Tech (2).
Gaingels most often shares rounds with 4Di Capital (2 shared deals), Equitable Ventures (2 shared deals), QED Investors (2 shared deals).
Gaingels is a venture investment syndicate that backs innovation economy companies with diverse and underrepresented leadership, particularly within the LGBTQIA+ and allied communities. It operates as a venture focused investor, aggregating capital from accredited members to co invest in private companies.
Gaingels has backed several African companies, including Happy Pay in South Africa and Remedial Health and Conduit in Nigeria. These investments span fintech and health tech and represent its focus on diverse founding teams in key African markets.