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Jonomi Ventures is an early-stage venture capital firm founded to focus on emerging markets, particularly in the Middle East, Africa, and Asia. The firm partners with entrepreneurs and innovators to build disruptive growth companies, leveraging its expertise and networks to support their success. Jonomi Ventures emphasizes sustainable collaboration throughout the value chain, aiming to drive impactful change in the regions it serves.
Currently, Jonomi Ventures has a portfolio of six companies and operates with a founder-friendly approach. The firm is led by Boye Balogun, who serves as the Managing Partner. Balogun has a background in digital marketing and technology, and he is an angel investor and serial entrepreneur. The firm actively participates in funding beyond initial investments, leading and co-investing in its ventures.
Jonomi Ventures is headquartered in Dubai, with a focus on supporting startups in Asia and Africa. The firm has established a network of industry specialists to provide operational support, ensuring that portfolio companies receive not just capital but also the resources needed to scale effectively.
Jonomi Ventures invests across various sectors, including fintech, healthcare, consumer, AI, climate, logistics, edtech, proptech, biotech, and web3. The firm targets early-stage companies, supporting entrepreneurs from pre-seed stages to IPO. Jonomi Ventures leads and co-invests in its ventures, actively participating in driving funding beyond initial investments.
The firm emphasizes a founder-friendly approach, seeking to partner with emerging leaders and innovative technologies. Jonomi Ventures looks for scalable business models that can drive significant growth in emerging markets. Their investment strategy includes a commitment to sustainable collaboration throughout the value chain, ensuring that portfolio companies benefit from a robust support system.
Jonomi Ventures has invested in six notable companies, showcasing its commitment to supporting innovative startups in emerging markets:
These investments reflect Jonomi Ventures' focus on disruptive growth companies with scalable models, particularly in the fintech and technology sectors.
Boye Balogun – Managing Partner. Boye has a background in digital marketing and technology. He is an angel investor and serial entrepreneur who operates multiple businesses. Balogun leads the overall fund and plays an active role in portfolio operations, focusing on supporting entrepreneurs in emerging markets.
To pitch Jonomi Ventures, founders should visit their website at jonomiventures.com. The firm prefers detailed pitch decks that outline the business model, market opportunity, and financial projections. A warm introduction is beneficial but not mandatory.
Response times can vary, but founders should expect to hear back within a few weeks after submission. Jonomi Ventures encourages clear and concise communication in pitches to facilitate the evaluation process.
In recent months, Jonomi Ventures has been actively involved in funding rounds for several portfolio companies. Notable investments include Kuda, which raised $10 million, and Adimo, which secured $3.6 million to accelerate its expansion in the U.S. Additionally, Treepz closed a $2.8 million seed round for East African expansion, while spiderSilk raised $2.25 million in funding.
These funding activities highlight Jonomi Ventures' commitment to supporting startups in emerging markets and its active role in driving growth for its portfolio companies.
What are Jonomi Ventures' investment criteria?
Jonomi Ventures invests in early-stage companies across various sectors, including fintech, healthcare, and AI. The firm focuses on disruptive growth companies with scalable business models, particularly in emerging markets in Asia and Africa.
How can I apply or pitch to Jonomi Ventures?
Founders can submit their pitches through the Jonomi Ventures website at jonomiventures.com. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Jonomi Ventures different from other VC firms?
Jonomi Ventures emphasizes a founder-friendly approach and actively participates in the operations of its portfolio companies. The firm provides not only capital but also access to a network of industry specialists who offer support in research, marketing, tech enablement, and finance.
What is the geographic scope of Jonomi Ventures?
The firm focuses on emerging markets in the Middle East, Africa, and Asia, seeking to partner with innovative startups in these regions.
What is the typical check size for investments?
While specific check sizes are not disclosed, Jonomi Ventures leads and co-invests in funding rounds, indicating a flexible approach to investment amounts based on the needs of the portfolio companies.
What is Jonomi Ventures' post-investment involvement like?
Jonomi Ventures maintains an operator-centric approach, providing ongoing support to portfolio companies through its network of industry specialists. This includes assistance in scaling operations, marketing strategies, and financial management.
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