What stage does Alitheia Capital invest at?

Alitheia Capital invests at the Seed, Series A, Series B, Growth, Late Stage stages.

What is Alitheia Capital's typical check size?

Alitheia Capital typically writes checks of $1M – $8M.

Where is Alitheia Capital located?

Alitheia Capital is headquartered in Lagos, NG.

Alitheia Capital

Impact investor

Lagos · Seed–Late Stage · 10 people tracked

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Investment thesis

Alitheia Capital pursues impact investing across Africa, identifying and backing high-potential businesses with the aim of generating both financial returns and positive social impact. Operating as a private equity and financial advisory firm since its first fund in 2009, it deploys capital across multiple funds throughout the African continent.

Invests inAdvanced Manufacturing AgTech AI & Machine Learning Circular Economy Cleantech Consumer Fintech Healthtech Impact & Social Good Logistics & Supply Chain Sector AgnosticAfricaGhanaLagosNigeria

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$1M – $8M

Lagos, NG

Instruments

Equity

Founded

2009

AUM

$250M

Tracked investments

Team · 10 people

from the firm's website

Tokunboh Ishmael· Managing Partner· Lagos State, Nigeriain

Tokunboh Ishmael is a Managing Partner at Alitheia Capital, where she leads the firm's strategic direction. She focuses on investments aimed at sustainable impact and has worked on sustainable finance in Africa.

Moyosore Babalola· Investment Principal· Nigeriain

Moyosore Babalola is an Investment Principal at Alitheia Capital, where the role involves making investment decisions and developing partnerships.

Oti Ilentamhen· Investment Principal· Nigeriain

Oti Ilentamhen is an Investment Principal at the firm, where the role involves identifying and evaluating investment opportunities in line with the firm's investment thesis.

Oyindoubra Eghaghe· Investment Principal· Lagos State, Nigeriain

Oyindoubra Eghaghe serves as an Investment Principal at Alitheia Capital, where the role involves identifying emerging trends and opportunities to guide the firm's investment strategy. The stated focus is on supporting high-growth SMEs.

Adeola Akinola· HR Managerin

Adeola Akinola serves as HR Manager, overseeing human resources management at the firm. The role focuses on workplace culture and on attracting, retaining, and developing talent.

Damilola Fajemisin· Investment Associatein

Damilola Fajemisin is an Investment Associate at Alitheia Capital, where the role involves identifying and evaluating investment opportunities. The work is oriented toward supporting the firm's focus on sustainable growth and inclusive economic development.

Lionel Adabayeri· Investment Associate· Lagos State, Nigeriain

Lionel Adabayeri is an Investment Associate at the firm, where he works on due diligence and risk assessment. He supports the firm's investment decisions and projects.

Nnamdi Aguh· Value Creation Manager· Lagos, Lagos State, Nigeriain

Nnamdi Aguh serves as Value Creation Manager at Alitheia Capital, where he works on initiatives to improve the operational efficiency and sustainability of the firm's portfolio companies.

Peter Akpan· Investment Analyst· Lagos State, Nigeriain

Peter Akpan works as an Investment Analyst supporting his firm's investment team. His role centers on data-driven analysis to help identify opportunities and assess risks.

Yewande Adewusi· Chief Operating Officer· Nigeriain

Yewande Adewusi is the Chief Operating Officer and Operating Principal at Alitheia Capital. Her background is in operational management and strategy, where she focuses on execution and aligning operations with the firm's strategic goals.

What they invest in

from 12 of 20 portfolio companies

B2B Marketplaces ×3FoodTech ×3AgTech ×2Cleantech ×2Direct to Consumer ×2E-commerce ×2Fintech ×2Logistics & Supply Chain ×2

HQs:Nigeria×5Ghana×1United States×1

Investments · 20 tracked

founders shown can be your intro path

Alma Clinicalma-clinic.com

Alma Clinics is a digital-native primary healthcare provider offering care through physical clinics, homecare, and telehealth via its app.

AI & Machine LearningDigital HealthHealthtech

Clubtravelcorporateclubtravelcorporate.com

Complete Farmercompletefarmer.comin 𝕏

Complete Farmer operates a data-driven platform connecting farmers, buyers, and input vendors across African agriculture, with products for farm management (CF Grower), produce sourcing (CF Buyer), and an input marketplace (CF Storefront).

AgTechB2B MarketplacesFoodTech

Haul247haul247.coin 𝕏

Haul247 is a logistics technology platform that connects freight movement, warehousing/storage, and supply chain visibility for businesses.

B2B MarketplacesLogistics & Supply ChainSaaSLagos, NG

Sehinde AfolayanAkindele PhillipsTobi Obasa

Hinckley Recyclinghinckley-recycling.comin

Hinckley Recycling operates recycling centers and offices across Nigeria and other West and North African countries, providing recycling services from multiple locations.

Circular EconomyCleantechClimate TechLagos, NG

Jetstreamjetstreamafrica.comin

Lupiyalupiya.comin 𝕏

Lupiya is a digital lending platform that lets users apply for loans online or through its mobile app, choose repayment plans and rates, and receive funds directly to their account or creditors.

Fintech

Maxmax.ngin 𝕏

MAX operates a transportation platform in Africa that provides vehicles, financing, insurance, and driver training to transport operators and micro-entrepreneurs, and offers ride services to passengers.

CleantechLogistics & Supply ChainMobility & Transportation

Omnibizomnibiz.com

Oradianoradian.comin 𝕏

Pagamypaga.comin 𝕏

Paga is a financial technology company offering multi-currency payment and banking services for individuals and businesses.

FintechLagos, NG

Psaltry

Psaltryinternationalpsaltryinternational.com

Reelfruitreelfruit.comin 𝕏

Reelfruit produces dried fruit and nut snacks, such as dried pineapple, dried mango, coconut chips, and fruit-and-nut mixes, made from tropical fruits grown in West Africa.

ConsumerDirect to ConsumerFoodTech

Seamfixseamfix.comin 𝕏

SKLDskld.ngin

SKLD Integrated Services (formerly School Kits Limited) is a Nigerian retailer and supplier of back-to-school, office, and lifestyle products serving parents, students, professionals, and corporate clients through retail stores, wholesale, contracts, and an e-commerce platform.

Advanced ManufacturingB2B MarketplacesE-commerceEdTechRetail TechLagos, NG

Temilola Adepetun(Founder, Executive Vice Chairman)Tayo Osiyemi(Chief Executive Officer)Faith Abakada(Chief Operating Officer)

Sparkmetersparkmeter.ioJun 2018

Washington, US

Daniel Schnitzer(Executive Officer, Director)Raymond Jay Dunn(Director)Bunmi Adekore(Director)Allison Archambault(Director)

BoardDaniel Goldman(Director)Tokunboh Ishmael(Director)

SweepSouthsweepsouth.com𝕏

Sweepsouth is a platform that connects users with vetted domestic workers for home services including cleaning, nanny care, and full-time household help.

Marketplaces

Tomatojostomatojos.netin 𝕏

Tomato Jos produces tomato paste made from tomatoes grown locally in Nigeria, working with smallholder farmers and operating a processing factory in Kaduna State.

AgTechFoodTechImpact & Social Good

Wemydrbrownswemydrbrowns.comin 𝕏

An online retailer offering health and personal care products, including adult care items, sold directly to consumers through its website.

Direct to ConsumerE-commerceWellness & Fitness

Portfolio news

latest coverage across their companies

Paga to offer tokenised assets through partnership with TBook

Paga · techcabal.com · Jun 30, 2026

Frequently asked questions

What stage does Alitheia Capital invest at?: Alitheia Capital invests at the Seed, Series A, Series B, Growth, Late Stage stages.
What is Alitheia Capital's typical check size?: Alitheia Capital typically writes checks of $1M – $8M.
What sectors does Alitheia Capital focus on?: Alitheia Capital focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Circular Economy, Cleantech, Consumer, Fintech, Healthtech, Impact & Social Good, Logistics & Supply Chain, Sector Agnostic.
Where is Alitheia Capital located?: Alitheia Capital is headquartered in Lagos, NG.

Media · Podcasts & interviews

featuring the team

Pioneering Gender Lens Investing in Nigeria: 'Tokunboh Ishmael, Alitheia Capital at #AVCA2025

AVCA · Tokunboh Ishmael

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