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Since 2019, Newfund Capital has backed 3 African startups across 4 disclosed funding rounds totaling $58.3M, most heavily in Nigeria and Fintech.
Newfund Capital is a French American venture capital firm that focuses on early stage technology startups. It is an entrepreneurial VC firm dedicated to financing seed stage companies that are driving global change. Newfund operates across France and the United States, with a strong cross border orientation. In Africa, Newfund Capital has invested across seed, Series A, and Series B stages, with activity recorded between 2019 and 2025. Its African portfolio includes FairMoney in Nigeria at both Series A and Series B, reflecting a focus on fintech and digital banking, as well as OKO Finance in Mali in the insurtech sector and Nucleon Security in Morocco in cybersecurity. These investments illustrate a concentration on financial services and security technologies in Nigeria, Mali, and Morocco. Newfund’s published philosophy emphasizes backing startups with an international mindset and acting quickly on investment decisions. The firm highlights FairMoney as a notable portfolio company, alongside other technology driven businesses, and positions itself as an investor that supports globally oriented founders with capital and operational guidance at the seed stage and beyond.
Data updated · Jul 29, 2026
Newfund Capital has backed 3 African startups across 4 disclosed funding rounds tracked on Liners, totaling $58.3M since 2019.
Mostly Seed: 2 of its 4 tracked rounds are at that stage, followed by Series B (1).
Its tracked rounds lean toward Fintech (2), Cybersecurity (1), Insurtech (1).
Newfund Capital most often shares rounds with Flourish Ventures (2 shared deals), DST Global (2 shared deals), Speedinvest (2 shared deals).
Newfund Capital is a French American venture capital firm that focuses on early stage technology startups and seed stage companies that are driving global change. It operates across France and the United States with a cross border investment approach, backing startups with an international mindset.
Newfund Capital’s African portfolio includes FairMoney in Nigeria at both Series A and Series B, OKO Finance in Mali at seed stage, and Nucleon Security in Morocco at seed stage. These investments reflect the firm’s interest in financial services, insurance technology, and cybersecurity across multiple African markets.
