True Culture Fund is a venture capital investor focused on early-stage startups. It has participated in seed-stage funding rounds for Nigerian companies. The fund has invested a total of $7.3 million across three seed rounds from May 2022 to April 2024. Its investments target Nigeria exclusively, with a focus on fintech (two investments), logistics and supply chain (one), and cybersecurity (one). Companies backed include Chowdeck, Grey, and Prembly. True Culture Fund has co-invested alongside prominent players such as Y Combinator in all three rounds, Soma Capital and Karthik Ramakrishnan in two rounds each, and others including Goodwater Capital, FounderX Ventures, and Haleakala Ventures.
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