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Makoe Ventures is an investment organization founded in Yaoundé, Cameroon, dedicated to supporting startups in Sub-Saharan Africa. Established to address the unique challenges faced by early-stage companies in the region, the firm emphasizes sustainable technological growth and development. Makoe Ventures focuses on sectors such as Fintech, Edtech, Healthtech, Mobility, and Agritech, aiming to contribute positively to human progress and social well-being beyond mere profitability.
Currently, Makoe Ventures operates with a team of eight professionals and has a portfolio of 12 companies. The firm employs a blended model of consulting, advisory services, equity investment, and direct loans to support startups. This approach allows them to engage deeply with their portfolio companies, ensuring they are well-equipped for growth and success. The firm is strategically positioned in one of Sub-Saharan Africa's less-covered VC markets, filling a critical gap in early-stage financing.
Makoe Ventures invests in early-stage startups across various sectors, including Fintech, Edtech, Healthtech, Mobility, and Agritech. The firm operates primarily in Sub-Saharan Africa, with a particular emphasis on Cameroon. Their investment strategy encompasses a combination of consulting and advisory services, equity investment, and direct loans, which provide startups with both financial and operational support. The check sizes typically align with the pre-seed to Series A stages, allowing for flexibility in funding.
In addition to financial backing, Makoe Ventures prioritizes sustainable growth and development, supporting social and environmental initiatives. They actively source talent through partnerships with incubators and maintain ongoing engagement with startups to provide strategic and technical guidance. This hands-on approach ensures that the firms they invest in are not only financially viable but also contribute positively to their communities.
Makoe Ventures has invested in a diverse range of companies, reflecting its commitment to various sectors. Notable portfolio companies include:
Additionally, Makoe Ventures has invested in:
Joel Nana Kontchou: Founder & President of Makoe Ventures, Joel has extensive experience in venture capital and startup development in Africa.
Hervé Martial Djomgang Tchouanti: Investment Financial Analyst, Hervé specializes in financial modeling and analysis for early-stage investments.
Bemando Nguepgang: Administrative & Financial Director, Bemando oversees the financial operations and administrative functions of the firm.
Sandrine Elomo Ongali: Administrative Assistant, Sandrine supports the team with operational tasks and client communications.
Franklin Tchana Kontchou: Partner, Franklin brings expertise in strategic planning and market analysis.
Rostand Njiki Dounou: Partner, Rostand focuses on investment strategy and portfolio management.
Jessica Kontchou: Communications Advisor, Jessica manages the firm's public relations and marketing efforts.
Cameroon Angels Network: Investment Partner, this network collaborates with Makoe Ventures to enhance investment opportunities in the region.
To pitch Makoe Ventures, founders should use the contact email invest@makoeventures.com or submit their proposal through the website at makoeventures.com. It is important to include a comprehensive deck that outlines the business model, market opportunity, and financial projections. The firm typically responds within a few weeks, and warm introductions are preferred but not mandatory.
In March 2025, Makoe Ventures announced its investment in Healthlane, a health facility focused on comprehensive health checks and personalized care plans. This investment aligns with the firm's focus on Healthtech and social well-being.
In April 2025, the firm expanded its portfolio by investing in Bee, a digital lending and mobility startup. This investment reflects Makoe Ventures' commitment to supporting innovative solutions in the mobility sector.
Additionally, Makoe Ventures participated in a startup competition in Yaoundé in early 2025, where they identified several promising ventures for potential investment.
What stages does Makoe Ventures invest in?
Makoe Ventures focuses on early-stage investments, specifically in the Pre-seed, Seed, Seed+ (Extension), and Series A stages.
How can I pitch to Makoe Ventures?
Founders can pitch to Makoe Ventures through their website at makoeventures.com or via email at invest@makoeventures.com. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Makoe Ventures different from other investors?
Makoe Ventures emphasizes sustainable technological growth and social well-being, focusing on sectors that contribute positively to communities. Their approach includes ongoing mentorship and support beyond initial funding.
What is the geographic focus of Makoe Ventures?
The firm primarily invests in startups located in Sub-Saharan Africa, with a strong emphasis on Cameroon.
What kind of support do portfolio companies receive?
Makoe Ventures provides strategic and technical guidance, team-building advisory, operational expertise, and market connection support. They also assist portfolio companies in raising subsequent funding rounds.
What is the typical check size for investments?
While specific check sizes are not disclosed, Makoe Ventures invests in early-stage startups, which typically aligns with the financial needs of Pre-seed to Series A companies.
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