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Oui Capital is a venture capital firm founded in 2019 and headquartered in Lagos, Nigeria. The firm was established to address the early-stage financing gap in the African startup ecosystem, focusing on technology-driven companies that are reshaping the continent's future. Oui Capital has grown its assets under management (AUM) to $12 million, with a diverse portfolio of 29 companies.
The firm has made significant strides since its inception, including notable exits such as Moniepoint, Nigeria's largest merchant acquirer, which achieved unicorn status. Oui Capital operates across multiple African countries, including Nigeria, Kenya, Senegal, and South Africa, and has plans to expand its reach further.
As a pioneer in the African venture capital space, Oui Capital has received recognition for its commitment to supporting entrepreneurs and fostering innovation. The firm has also been featured in prominent publications such as TechCrunch and ImpactAlpha, highlighting its impact on the African tech landscape.
Oui Capital invests in a wide array of sectors, including fintech, healthcare, edtech, digital commerce, logistics, SaaS, and consumer products. The firm specifically targets early-stage investments, focusing on pre-seed and seed rounds. This strategy allows Oui Capital to engage with startups at critical growth phases, providing them with the necessary capital and support to scale effectively.
The firm’s geographic focus spans multiple countries in Africa, including Nigeria, Kenya, Senegal, and South Africa. Oui Capital seeks to invest in technology-driven companies that address significant market needs and have the potential for substantial growth. The firm looks for founders who demonstrate resilience, a clear vision, and the ability to execute their business plans effectively.
Investment check sizes typically range up to $750,000, particularly in Fund II, which allows for follow-on investments to support portfolio companies as they grow. Oui Capital's investment thesis emphasizes bridging the financing gap in Africa, particularly for startups that leverage technology to create impactful solutions.
Oui Capital's portfolio includes a diverse range of companies that reflect its investment strategy across various sectors. Notable portfolio companies include:
These companies illustrate Oui Capital's commitment to investing in technology-driven solutions that address pressing challenges in various sectors.
Olu Oyinsan: Co-founder & Managing Partner. Olu has a background in venture capital and has been featured in publications such as ImpactAlpha for his insights on investing in Africa's mass market.
Francesco Andreoli: Co-founder & Venture Partner. Francesco brings extensive experience in venture capital and has played a key role in shaping Oui Capital's investment strategy.
Saeed Seghosime: Principal. Saeed focuses on sourcing and evaluating investment opportunities across various sectors in Africa.
Pius Bankong: Investment Associate. Pius supports the investment team in due diligence and portfolio management.
Ore Sowemimo: Platform & Community Manager. Ore is responsible for building relationships within the startup ecosystem and supporting portfolio companies.
Judith Igberase: Admin & People Manager. Judith manages administrative functions and supports the team in operational tasks.
Stanley Osi: Senior Platform & Community Analyst. Stanley focuses on community engagement and supporting startups in the Oui Capital portfolio.
To pitch to Oui Capital, founders should use the [Pitch page](https://ouicapital.vc/en/pitch) on their website. The firm prefers a concise deck that outlines the business model, market opportunity, competitive landscape, and team qualifications. Founders should expect a response within a few weeks, and warm introductions are encouraged to facilitate the process.
Oui Capital runs several initiatives designed to support startups and foster discussions around technology in Africa. These include:
These programs reflect Oui Capital's commitment to nurturing the African startup ecosystem and providing valuable resources to emerging entrepreneurs.
In January 2025, Oui Capital made headlines when it became Africa's first venture capital firm to fully return a 2019-vintage fund, following a successful exit from its investment in Moniepoint, which returned $8 million on a $150,000 investment. This milestone highlights the firm's effectiveness in supporting its portfolio companies and achieving significant returns.
In August 2022, Oui Capital announced the first close of its second fund, targeting $30 million, with a current close of $12 million. This fund aims to continue the firm's mission of investing in early-stage technology-driven companies across Africa.
Recent portfolio additions include MVX and Akiba Digital, both of which are notable players in the logistics and fintech sectors, respectively. The firm remains active in sourcing new investment opportunities and supporting its existing portfolio.
What are Oui Capital's investment criteria?
Oui Capital focuses on early-stage investments in technology-driven companies across Africa. The firm primarily targets pre-seed and seed rounds, looking for startups that demonstrate strong growth potential and innovative solutions in sectors such as fintech, healthcare, edtech, and logistics.
How can startups apply or pitch to Oui Capital?
Startups interested in pitching to Oui Capital can submit their ideas through the [Pitch page](https://ouicapital.vc/en/pitch). The firm encourages founders to provide a clear overview of their business model, market opportunity, and team capabilities.
What makes Oui Capital different from other venture capital firms?
Oui Capital distinguishes itself by focusing exclusively on the African market and addressing the early-stage financing gap. The firm emphasizes hands-on mentorship and operational support, leveraging the experience of its team to guide startups through growth challenges.
What is the geographic scope of Oui Capital's investments?
Oui Capital invests across multiple African countries, including Nigeria, Kenya, Senegal, and South Africa. The firm aims to support startups that are addressing local market needs and have the potential for regional expansion.
What is the typical check size for investments?
In Fund II, Oui Capital typically invests up to $750,000 in early-stage companies. This allows the firm to provide substantial support to its portfolio companies while also reserving capital for follow-on investments.
What kind of post-investment involvement does Oui Capital have?
Oui Capital takes an active role in supporting its portfolio companies through mentorship, operational guidance, and strategic advice. The firm aims to help startups navigate the complexities of scaling their businesses in the African market.
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