TRUE Capital Management is a venture capital investor active in early-stage funding rounds in Africa. It participated in six seed-stage investments totaling $7.5M between August 2021 and September 2022. The firm focused exclusively on seed-stage companies, with investments in Nigeria (4), Kenya (1), and Cameroon (1). Key sectors included fintech (3 investments), health tech (2), and logistics & supply chain (1). Companies backed are Remedial Health, Topship, Plumter, Boya, Infiuss Health, and Obtainly. TRUE Capital Management co-invested alongside prominent firms such as Y Combinator in four rounds, Soma Capital in two rounds, and others including Lightspeed Venture Partners, Tencent, and Ventures Platform.
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