LocalGlobe

LocalGlobe is an early stage venture capital firm based in London, United Kingdom. It is part of the Phoenix Court group of funds and focuses on backing technology founders at the earliest stages of company building. LocalGlobe has been seeding impactful founders since 1999 and has supported companies that go on to raise multi stage financing. In Africa, LocalGlobe invests primarily at the seed and early growth stages, including seed, Series A, venture rounds where the stage is not specified, and later Series D rounds. Based on disclosed activity between February 2015 and May 2024, the firm has participated in 11 funding rounds in African companies, deploying a total of 56.4 million dollars. These investments span Nigeria, Kenya, Egypt, South Africa, and Morocco, with a particular focus on Nigeria. Sector activity includes fintech, legal and compliance, education technology, cybersecurity, e commerce and retail, and consumer services and marketplaces. LocalGlobe has backed a range of African technology businesses such as MNZL Wallet in Egypt, Itana, Eden, Smile ID, and uLesson in Nigeria, Jumba and M KOPA in Kenya, FoondaMate in South Africa, and Konnash in Morocco. Across these companies, LocalGlobe often invests alongside other specialist African and global venture firms, reflecting a collaborative approach to supporting founders in financial services, digital identity, education, and consumer services across the continent.