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Since 2019, ValueStream Ventures has backed 1 African startup across 5 disclosed funding rounds totaling $58M, most heavily in Nigeria and Cybersecurity.
ValueStream Ventures is a thesis driven, early stage venture capital firm based in New York City. According to its official materials, the firm focuses on business to business software platforms that are built around valuable data and often use artificial intelligence to create scalable applications. In Africa, ValueStream Ventures has been an active backer of Smile ID, a Nigeria based digital identity and fraud prevention company. The firm has participated in the company’s Seed, Series A, and Series B funding rounds, with investments recorded between April 2019 and February 2023. These investments align with ValueStream Ventures’ focus on early and growth stages, including Seed, Series A, and Series B financings. The Smile ID partnership also illustrates the firm’s interest in cybersecurity related solutions and business to business infrastructure in the Nigerian market. ValueStream Ventures highlights a hands on and thesis driven approach, supporting founders who are building data rich platforms across sectors such as software, data and analytics, and financial technology. Its continued participation in multiple Smile ID rounds, alongside co investors like Costanoa Ventures and Norrsken22, underscores a commitment to long term partnerships with portfolio companies that address critical infrastructure needs in emerging markets.
Data updated · Aug 1, 2026
ValueStream Ventures has backed 1 African startup across 5 disclosed funding rounds tracked on Liners, totaling $58M since 2019.
Mostly Series B: 2 of its 5 tracked rounds are at that stage, followed by Series A (2).
ValueStream Ventures's tracked rounds are concentrated in Nigeria (5).
Its tracked rounds lean toward Cybersecurity (5).
ValueStream Ventures most often shares rounds with Costanoa Ventures (4 shared deals), Intercept Ventures (4 shared deals), Future Africa (4 shared deals).
ValueStream Ventures is a thesis driven, early stage venture capital firm based in New York City. It focuses on business to business software platforms that leverage valuable data, often applying artificial intelligence to build scalable products.
ValueStream Ventures has backed Smile ID, a cybersecurity focused identity verification and fraud prevention company serving African markets from its base in Nigeria. The firm participated in the company’s Seed, Series A, and Series B rounds.