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Since 2018, The Rise Fund has backed 2 African startups across 3 disclosed funding rounds totaling $31.1M, most heavily in Nigeria and Fintech.
The Rise Fund is a global impact investment fund platform created by TPG, a leading alternative asset management firm based in the United States. It focuses on achieving measurable, positive social and environmental outcomes alongside competitive financial returns, often referred to as complete returns. The Rise Funds are a core pillar of TPG's impact investing platform and invest in mission driven, high potential companies. In Africa, The Rise Fund has participated in early and growth stage financing rounds, including seed, Series A, and Series B investments. According to available deal data, it has backed fintech companies in Nigeria such as Nithio and Migo, with a focus on financial services and financial inclusion. These investments demonstrate an interest in technology enabled financial solutions in West Africa. The Rise Funds invest globally across sectors that address key societal challenges, including education, financial services, healthcare, food and agriculture, climate, and other impact driven areas. They apply rigorous impact assessment tools to evaluate potential investments and aim to scale companies that deliver both strong business performance and measurable social impact.
Data updated · Jul 29, 2026
The Rise Fund has backed 2 African startups across 3 disclosed funding rounds tracked on Liners, totaling $31.1M since 2018.
Mostly Series A: 1 of its 3 tracked rounds are at that stage, followed by Series B (1).
Companies The Rise Fund has backed operate in Nigeria (4), Kenya (3), Mozambique (3), and 1 more market. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Fintech (4).
The Rise Fund most often shares rounds with Kupanda Capital (3 shared deals), Valor Capital Group (1 shared deal), Velocity Capital (1 shared deal).
The Rise Fund has backed African fintech companies including Nithio, which provides standardized risk analytics for climate and clean energy finance, and Migo, which offers credit through an embedded lending API. These investments highlight its focus on financial services solutions with strong impact potential.
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