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Mscale LLC is an investment management firm founded in 2022 and headquartered in Kingston, Jamaica. This firm is notable for being Jamaica's first venture capital fund in over 30 years, marking a significant milestone in the region's investment landscape. Mscale focuses on startups, greenfield projects, and early-stage transactions, primarily in the Caribbean and Africa. The firm aims to establish a sustainable fund management ecosystem in the Caribbean, providing capital and business support to scalable companies.
The firm operates the Caribbean Venture Capital Fund (CVCF), which has a target size of USD 50 million and aims to close commitments by May 31, 2025. Mscale is supported by the Development Bank of Jamaica through the IDB/EU-funded BIGEE Program, indicating a structured financial backing for its initiatives. Currently, Mscale LLC manages an initial fund size of USD 15 million, with plans for further capital deployment in the coming years.
Mscale LLC invests in a diverse range of sectors, including fintech, climate, logistics, healthcare, and energy. The firm employs a strategic investment approach that emphasizes value creation and addition, targeting early-stage and greenfield firms. The Caribbean Venture Capital Fund (CVCF) focuses on sustainable development and impact investing, leveraging expertise in climate and renewable infrastructure, technology, and mergers and acquisitions.
Investment checks range from USD 200,000 to USD 2 million, allowing Mscale to support a variety of startups at different stages of growth. The firm primarily targets companies in the Caribbean and Africa, with a secondary ambition to extend its reach into Latin America. Mscale seeks founders who demonstrate scalability and a commitment to addressing significant funding gaps for small and medium-sized enterprises (SMEs) in their respective regions.
Mscale LLC has invested in notable projects such as:
The firm has identified a pipeline of over 60 potential transactions across the Caribbean, indicating a strong interest in supporting innovative startups in the region.
Ugo Ikemba - Chief Executive Officer. Ugo has extensive experience in venture capital and investment management, having previously worked with various financial institutions. He leads Mscale LLC's strategic direction and fund management.
David Roberts - Chief Technology Officer. David brings a strong background in technology and innovation, focusing on integrating tech solutions within Mscale's portfolio companies.
Sharon Roper - Chief Operating Officer. Sharon oversees the operational aspects of Mscale LLC, ensuring efficient processes and effective management of portfolio companies.
Sandra Glasgow - Advisor. Sandra is a seasoned investor with a wealth of experience in the Caribbean market, providing strategic insights and guidance to Mscale LLC.
Kate Johnstone - Industry Analyst. Kate specializes in market research and analysis, helping Mscale identify promising investment opportunities.
Mokolade - Investment Analyst. Mokolade supports the investment team in evaluating potential deals and conducting due diligence.
To pitch Mscale LLC, founders should use the application portal at mscalellc.com/bigportal. The pitch deck should include a comprehensive overview of the business model, market analysis, and financial projections. Mscale LLC prefers detailed information on how the startup plans to scale and address market needs. Response times may vary, but founders can expect feedback within a few weeks of submission.
The Caribbean Venture Capital Fund (CVCF) is Mscale's primary program, focusing on early-stage and greenfield firms in Jamaica and the Caribbean. The fund has a target size of USD 50 million and aims to close commitments by May 31, 2025. It is designed to address significant funding gaps for small and medium-sized enterprises (SMEs) in the region.
In February 2025, Mscale LLC announced its investment in Doorstep Jamaica Limited, an online delivery and logistics platform, which is set to expand across Jamaica and beyond. This investment highlights Mscale's commitment to supporting innovative startups in the Caribbean.
Additionally, Mscale LLC has been recognized for its role in establishing Jamaica's first venture capital fund in over 30 years, marking a significant milestone in the region's investment landscape. The firm continues to build a pipeline of over 60 potential transactions across the Caribbean, indicating active engagement in the market.
What are Mscale LLC's investment criteria?
Mscale LLC focuses on early-stage and greenfield investments in sectors such as fintech, climate, logistics, healthcare, and energy. The firm seeks scalable companies that address significant funding gaps for SMEs in the Caribbean and Africa.
How can I apply or pitch to Mscale LLC?
Founders can apply through the Mscale LLC application portal available at mscalellc.com/bigportal. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Mscale LLC different from other investors?
Mscale LLC is Jamaica's first venture capital fund in over 30 years, focusing on sustainable development and impact investing. The firm provides not only capital but also strategic support to its portfolio companies, leveraging its network and expertise to help founders scale their businesses effectively.
What is the geographic scope of Mscale LLC's investments?
The firm primarily invests in the Caribbean and Africa, with plans to extend its reach into Latin America. This geographic focus allows Mscale to tap into emerging markets with significant growth potential.
What is the fund size and check size range for Mscale LLC?
Mscale LLC's Caribbean Venture Capital Fund (CVCF) has a target size of USD 50 million, with initial investments ranging from USD 200,000 to USD 2 million.
What kind of post-investment involvement does Mscale LLC have?
Mscale LLC provides ongoing support to its portfolio companies, including mentorship, operational support, and assistance in unlocking revenue synergies through a roll-up strategy in similar sectors.
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