What stage does Aruwa Capital invest at?

Aruwa Capital invests at the Seed, Growth stages.

What sectors does Aruwa Capital focus on?

Aruwa Capital focuses on Impact & Social Good.

Where is Aruwa Capital located?

Aruwa Capital is headquartered in Lagos, NG.

Aruwa Capital

Venture capital

Lagos · Seed–Growth · 2 people tracked

Also known as AR CAPITAL

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Stage

Seed–Growth

Lagos, NG

Instruments

Equity

Private fund assets

$55.4M

VC funds

Tracked investments

Team · 2 people

from curated

Adesuwa Okunbo Rhodes· Founder & Managing Partner· Lagos State, Nigeriain

Adesuwa Okunbo Rhodes is the Founder and Managing Partner of Aruwa Capital Management, a women-owned and managed early-stage growth equity fund investing in West African small to lower mid-market companies. With 15 years of experience in investment banking and private equity at institutions including J.P. Morgan, she launched Aruwa Capital at age 29 and became the first female solo General Partner to raise over $10 million in an institutional first fund in Nigeria. She has been recognized as a Top 35 Woman Moving Africa Forward (2020), Top 100 global leader combining profit and purpose (2021), Top 100 African leader under 40 (2022), and Top 50 Inspiring Woman in Nigeria (2022).

Ivana I. Osagie· Advisory Board Member· United Kingdomin

Ivana I. Osagie is the founder and CEO of PWR Advisory, where she advises boards, organizations, and global investors on governance, sustainability strategy, and leadership with a focus on African markets. Her background spans investment banking, consulting, and senior P&L roles across the UK and Africa, informing her work at the intersection of governance, sustainability, and capital allocation. She engages with select boards and institutions seeking to align African market execution with global governance standards and investor requirements.

What they invest in

from 2 of 2 portfolio companies

Logistics & Supply Chain ×2SaaS ×2AI & Machine Learning ×1B2B Marketplaces ×1Digital Health ×1E-commerce ×1Enterprise Software ×1Fintech ×1

HQs:United States×1South Africa×1

Investments · 2 tracked

founders shown can be your intro path

By year:2025 · 1 2024 · 12 dated

MDaaS Globalmdaas.io in 𝕏Mar 2024 · $3M

MDaaS builds digital health infrastructure and services for healthcare providers across Africa.

Digital HealthHealthtechLogistics & Supply ChainMarketing TechSaaSBoston, US

Oluwasoga Oni(Executive Officer, Director)Genevieve Oni(Executive Officer, Director)Genevieve Barnard Oni(Founder)inJoe McCord(Founder)in

BoardMobolaji Adeoye(Director)

Co-investorsConsonance Investment Managers FINCA Ventures Newtown Partners Techstars Ventures Platform

Omniretailomniretail.africa inApr 2025

OmniHub is a distribution management platform for product distributors in Africa that connects them with retailers through a unified ordering and visibility system.

AI & Machine LearningB2B MarketplacesE-commerceEnterprise SoftwareFintechLogistics & Supply ChainRetail TechSaaSJohannesburg, ZA

Co-investorsGoodwell Investments Shell Foundation Ventures Platform Alitheia Capital Norfund

Portfolio news

latest coverage across their companies

OmniRetail shakes up Africa's B2B e-commerce market with $20M Series A | TechCrunch

Omniretail · techcrunch.com · Apr 28, 2025

Frequently asked questions

What stage does Aruwa Capital invest at?: Aruwa Capital invests at the Seed, Growth stages.
What sectors does Aruwa Capital focus on?: Aruwa Capital focuses on Impact & Social Good.
Where is Aruwa Capital located?: Aruwa Capital is headquartered in Lagos, NG.

Media · Podcasts & interviews

featuring the team

FOUNDER AND CEO, ARUWA CAPITAL MANAGEMENT, ADESUWA OKUNBO RHODES

Arise News · Adesuwa Okunbo Rhodes

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