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Consonance is a venture capital firm founded in 2017 and based in Mauritius. The firm is dedicated to supporting early and growth-stage entrepreneurs in Africa, focusing on building sustainable companies that address critical challenges in the region. Consonance has established itself as a key player in the African investment landscape, with a portfolio that reflects its commitment to transformative opportunities.
As of now, Consonance manages a portfolio of 8 companies and operates across various sectors, including healthcare, fintech, agtech, consumer, and insurtech. The firm emphasizes broad-based wealth creation through data-driven companies that leverage technology to enhance access to essential resources. Their office is located in Cybercity, Ebene, Mauritius, and they actively seek to partner with innovative entrepreneurs who share their vision for economic growth in Africa.
Consonance invests in a range of stages, including pre-seed, seed, seed-plus (extension), Series A, and growth equity. Their geographic focus is exclusively on Africa, where they seek to identify high-impact, technology-enabled businesses that address critical challenges across various sectors. The firm is sector-agnostic, allowing them to invest in diverse industries such as healthcare, fintech, agtech, consumer goods, and insurtech.
The investment thesis of Consonance emphasizes transformative opportunities that promote economic growth. They prioritize companies that foster trust, collaboration, and innovation, particularly those that leverage technology to enhance access to financial services and healthcare. Consonance looks for founders who are committed to building sustainable businesses that can create broad-based wealth in their communities.
Consonance's portfolio includes notable companies that exemplify their investment strategy:
This diverse portfolio reflects Consonance's commitment to investing in transformative opportunities that address critical challenges in Africa.
Mobolaji Adeoye: Managing Partner with extensive experience in venture capital and entrepreneurship.
Jadesola Campbell: Investment Principal, specializing in identifying high-impact investment opportunities.
Emmanuel Akoteyon: Senior Investment Associate with a background in finance and investment analysis.
Victoria Popoola: Senior Investment Associate focused on supporting portfolio companies.
Nicole Irabor: Brand Associate responsible for marketing and communications.
Muhammad Abubakar Usman: Investment Analyst with expertise in market research and analysis.
Sumayyah Adefolu: Investment Intern assisting with various investment processes.
Stephen Gugu: Venture Partner with a strong background in entrepreneurship and business development.
Opeyemi Odeleye: Venture Partner focused on strategic partnerships and growth initiatives.
To pitch Consonance, founders should send an email to info@consonanceinvest.com with a detailed pitch deck. The deck should include information about the business model, market opportunity, team background, and any traction achieved. A warm introduction is preferred but not mandatory.
What are Consonance's investment criteria?
Consonance invests in early and growth-stage companies across Africa, focusing on sectors such as healthcare, fintech, agtech, consumer goods, and insurtech. They look for high-impact, technology-enabled businesses that address critical challenges and promote economic growth.
How can I pitch to Consonance?
Founders can reach out to Consonance via email at info@consonanceinvest.com. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Consonance different from other investors?
Consonance emphasizes broad-based wealth creation through data-driven companies. Their sector-agnostic approach allows them to invest in a variety of industries, making them flexible and responsive to emerging opportunities in the African market.
What is the typical check size for investments?
While specific check sizes are not disclosed, Consonance invests across various stages, including pre-seed, seed, seed-plus, Series A, and growth equity, indicating a range of investment amounts depending on the stage and needs of the company.
What is the geographic focus of Consonance?
Consonance exclusively focuses on investments in Africa, aiming to support entrepreneurs who are addressing local challenges and contributing to economic growth in the region.
What kind of support do portfolio companies receive?
Consonance provides operational support, mentorship, and access to a network of resources to help portfolio companies scale and succeed in their respective markets.
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