Fundraising FoxAruwa Capital
Growth equityLagos · Growth · 11 people tracked
Also known as AR CAPITAL
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Investment thesis
Aruwa Capital invests in established, rapidly growing companies in the small to lower mid-market that are too large for traditional venture capital but too small for larger private equity funds. The firm targets high-growth African industries, focusing on businesses that provide essential goods and services to the growing female economy or that are founded/co-founded by women or have gender-diverse teams. It seeks companies with proven management teams, annual turnover of at least $500k, and a demonstrated commitment to diversity, aiming to deliver strong financial returns alongside positive social impact and improved quality of life in underserved communities.
Source: firm website, verified Oct 2, 2026.
Team · 11 people
from the firm's website & curated
What they invest in
from 6 of 12 portfolio companiesFintech ×3Consumer ×2E-commerce ×2Logistics & Supply Chain ×2SaaS ×2AI & Machine Learning ×1B2B Marketplaces ×1Cleantech ×1
HQs:Nigeria×3United States×1South Africa×1
Investments · 12 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 12022 · 35 dated
CrowdForce operates a mobile app enabling small merchants across Africa to function as banking service points without establishing formal branch infrastructure.
FintechGovTechAbuja, NG
Oluwatomi Ayorinde(Founder)inDamilola Ayorinde(Founder)inTomi Ayorinde(Founder)
Co-investors500 GlobalAsia Africa Investment & Consulting (AAIC)HAVAICMAGIC FundVentures PlatformY Combinator+5 more
FairMoney is a digital bank offering personal loans, savings products, and business banking services through a mobile app.
ConsumerFintech
Laurin Hainy(Founder)Matthieu Gendreau(Founder)Nicolas Berthozat(Founder)
Co-investorsNewfund CapitalSpeedinvestTLcom Capital305 Ventures75 & SunnyAddition+26 more
Koolboks manufactures solar-powered ice makers and freezers designed for businesses in Africa, offering financing options and integrated battery storage technology to reduce electricity costs.
CleantechEnergyHardwareIoTLagos, NG
Co-investorsCascadorThird DerivativeAcumenAll OnBlue Earth Capital AGBpifrance+2 more
MDaaS builds digital health infrastructure and services for healthcare providers across Africa.
Digital HealthHealthtechLogistics & Supply ChainMarketing TechSaaSBoston, US
Oluwasoga Oni(CEO)inGenevieve Barnard Oni(Founder)inJoe McCord(Founder)in
BoardMobolaji Adeoye(Director)
Co-investorsConsonance Investment ManagersFINCA VenturesFlying Doctors Healthcare Investment CompanyFuture AfricaNewtown PartnersTechstars+1 more
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
Deepankar Rustagi(Founder)in
Co-investorsGoodwell InvestmentsShell FoundationVentures PlatformAlitheia CapitalNorfund
Taeillo sells furniture through an online store, offering curated collections of home furniture for consumers looking to furnish their spaces.
ConsumerDirect to ConsumerE-commerce
Jumoke D.(Founder)in
Co-investorsCo-Creation Hub (CcHUB)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Agroeknor InternationalFastizersLifestore PharmacyPngmeRevna BiosciencesWemy Industries
Frequently asked questions
- How many investments has Aruwa Capital made?
- Aruwa Capital has 12 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does Aruwa Capital invest at?
- Aruwa Capital invests at the Growth stage.
- What sectors does Aruwa Capital focus on?
- Aruwa Capital focuses on Consumer, Energy, Fintech, Healthtech, Impact & Social Good, Wellness & Fitness.
- Where is Aruwa Capital located?
- Aruwa Capital is headquartered in Lagos, NG.
- Does Aruwa Capital lead rounds?
- Aruwa Capital has led 4 of the 6 rounds where its role is on record.
- Who does Aruwa Capital co-invest with?
- Aruwa Capital most often shares deals with Ventures Platform, Future Africa, Newfund Capital, among 15 tracked co-investors.
Media · Podcasts & interviews
featuring the teamFOUNDER AND CEO, ARUWA CAPITAL MANAGEMENT, ADESUWA OKUNBO RHODES
Arise News · Adesuwa Okunbo Rhodes
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