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Since 2021, Rally Cap VC has backed 7 African startups across 8 disclosed funding rounds totaling $25.8M, most heavily in Nigeria and Fintech.
Rally Cap VC is a founder-first, first-check venture capital fund focused on early-stage fintech startups, particularly those leveraging stablecoins, real-time payments, and AI-native workflows. Founded in 2020 by Hayden Simmons, the firm is based in San Francisco with operations in Tunis and Lagos. It targets exceptional founders building category-defining products with global reach, emphasizing emerging markets. Rally Cap VC has invested $19.2 million across five funding rounds from March 2021 to June 2023, primarily at the seed stage (four rounds) and one venture round. The firm focuses on fintech (three investments) and communication & social sectors (two), with a geographic emphasis on Nigeria (four investments) and Egypt (one). Portfolio companies include Termii (Nigeria, communication), Axis (Egypt, fintech), Thepeer (Nigeria, fintech), and Sudo (Nigeria, fintech). The firm collaborates with co-investors such as Assembly Capital Partners, Uncovered Fund, and Nama Ventures across multiple rounds, supporting a network-driven approach in emerging market fintech.
Data updated · Jul 29, 2026
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Rally Cap VC has backed 7 African startups across 8 disclosed funding rounds tracked on Liners, totaling $25.8M since 2021.
Mostly Seed: 7 of its 8 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Its tracked rounds lean toward Fintech (4), Developer Tools & Cloud (3), Legal and Compliance (1), and 1 more sector.
Rally Cap VC most often shares rounds with Musha Ventures (2 shared deals), Assembly Capital Partners (2 shared deals), Uncovered Fund (2 shared deals).
Rally Cap VC has backed Termii, Thepeer, and Sudo in Nigeria, along with Axis in Egypt. These investments span fintech and communication & social sectors.