How many investments has Goodwell Investments made?

Goodwell Investments has 10 tracked investments, including 1 dated in the last 24 months.

What stage does Goodwell Investments invest at?

Goodwell Investments invests at the Seed, Series A, Series B, Growth, Late Stage stages.

What is Goodwell Investments's typical check size?

Goodwell Investments typically writes checks of $10K – $1M.

Where is Goodwell Investments located?

Goodwell Investments is headquartered in Amsterdam, NL.

Does Goodwell Investments lead rounds?

Yes, Goodwell Investments leads investment rounds.

Who does Goodwell Investments co-invest with?

Goodwell Investments most often shares deals with Alitheia Capital, Ceniarth, Global Partnerships, among 7 tracked co-investors.

Goodwell Investments

Impact investor

Amsterdam · Seed–Late Stage · 18 people tracked

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Investment thesis

Goodwell Investments operates on the principle of 'doing well by doing good,' seeking both market-rate financial returns and lasting social impact. It backs locally led, scalable companies that provide basic goods and services to un(der)served, low-income communities, aiming to build inclusive economies. Investments concentrate on high-impact sectors including financial services, agriculture, and mobility and logistics, and are guided by principles of gender inclusivity and sustainability. Investments are led by local experts based in the firm's African offices, supported operationally from the Netherlands, offering portfolio companies local market insight, long runways with follow-on rounds, and access to co-investors and a global network.

Invests inAgTech Circular Economy Fintech FoodTech Impact & Social Good Logistics & Supply Chain Mobility & Transportation Africa Amsterdam Kenya Nairobi Nigeria South Africa

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$10K – $1M

Amsterdam, NL

Leads rounds

Leads

Instruments

Equity

Founded

2006

Tracked investments

Team · 18 people

from the firm's website

Wim van der Beek· Founder and Managing Partner· Amsterdamin 𝕏

Wim van der Beek blends mainstream finance and development, building a mission-led approach to connect global capital with African entrepreneurs and frame Africa as a leader in five tech megatrends.

Els Boerhof· Managing Partner· Amsterdamin 𝕏

Els Boerhof applies decades of frontier-market finance experience and Atlantic-crossing sailor discipline to impact investing, using an engineering approach that models 7% annual currency devaluation and seeks 50–100% company growth.

Lilian Oyando· Partner· Nairobiin

Lilian Oyando is a Partner at Goodwell Investments with experience investing across multiple sectors in sub-Saharan Africa. His work involves financing structures including equity, debt, and quasi-equity instruments focused on sustainable development initiatives in the region.

Neo Maruatona Ratau· Associate Partner· South Africain

Nico Blaauw· Partner of IR and Marketing and Communications· Amsterdamin

Nico Blaauw is a Partner at Goodwell Investments, focusing on impact investing across early growth companies. His areas of expertise include change management, business strategy, corporate reputation, and crisis management, with particular emphasis on inclusion, regenerative agriculture, and food systems.

Hiram Githuku· Senior Investment Manager· Nairobiin

Molebogeng Raolane· Senior Investment Manager· South Africain

Molebogeng Raolane is a Senior Investment Manager at Goodwell Investments with experience across development finance, investment banking, and private equity. He holds a Bachelor of Business Science in Finance and Accounting from the University of Cape Town, an Advanced Taxation qualification, and credentials in Corporate and Securities Law, along with a Post Graduate Diploma in General Management and an MBA from the Gordon Institute of Business Science. His professional expertise encompasses deal origination, investment analysis, valuation, and financial modeling.

Anthony Wainaina· Investment Associate· Nairobiin

Devi Sutrisno· Financial Manager· Amsterdamin

Devi Sutrisno is an Interim Finance Manager at Goodwell Investments with experience in accounting and finance. Sutrisno holds skills in accounting, management, banking, and trust services, and graduated from Amsterdam University of Applied Sciences.

Hlawutelo Khosa· Investment Associate· South Africain

Hlawutelo Khosa is an Investment Associate at Goodwell Investments, where he sources, executes, and manages investments focused on inclusive growth across southern Africa. A Chartered Accountant (CA(SA)) with experience in audit, valuations, and corporate finance at KPMG and the National Treasury, he supports portfolio companies with deal structuring, valuations, exit planning, and capital raising strategy.

Kaat Verschuere· Marketing, Communications and Communities Associate· Amsterdamin

Keith Amani· People, Culture & Networks Senior Officer· Nairobiin

Keith Amani is Senior People, Culture & Networks Officer at Goodwell Investments, where he leads HR operations and culture initiatives. With six years of experience, he has supported organizations across Kenya, South Africa, and the Netherlands in areas including recruitment, onboarding, policy design, and performance improvement. His focus is on developing HR systems and leadership practices to support organizational growth.

Liz Keel· Marketing, Communications and Communities Manager· Amsterdamin

Liz Keel is a freelance marketing communications consultant and copywriter based in Amsterdam with over 20 years of experience. Her work spans communications strategy, content creation, and brand development across multiple channels for companies, social enterprises, and startups. She also provides business translation services between Dutch and English.

Michael Marabini· Director of Operations· Amsterdamin

Noeleen Maluleke· Administration and Office Manager· South Africain

Sarah Rukunga· Investment, Impact and ESG Analyst· Nairobiin

Saskia Power· Office Manager· Amsterdamin

Tayana Madiro· Investment, Impact & ESG Analyst· South Africain

What they invest in

from 26 of 39 portfolio companies

Fintech ×16Impact & Social Good ×10AgTech ×7FoodTech ×5SaaS ×4B2B Marketplaces ×3Cleantech ×3Logistics & Supply Chain ×3

HQs:India×6Nigeria×5Ghana×2United States×2South Africa×2Kenya×1

Investments · 39 tracked

founders shown can be your intro path

By year:2025 · 1 2023 · 1 2018 · 1 2015 · 14 dated

Agent Banking Company

Agentbanking.Coagentbanking.co.ug

Agent Banking Company operates financial services platforms in Uganda, offering mobile banking, an agent network of over 22,000 agents, merchant and online payments, card issuing/acquiring, and open APIs.

FintechSaaS

Arohanarohan.in in 𝕏

Arohan Financial Services Limited is an India-based financial services company preparing for an initial public offering of equity shares on the BSE and NSE.

Fintech

Co-investorsAavishkaar Venture Management Services Private Limited

Baobabbaobab.com

Basixindiabasixindia.com in 𝕏

BASIX is a livelihood promotion institution that offers inclusive financial services, agricultural and business development services, and institutional development services to rural poor households, particularly women, in India.

AgTechFintechImpact & Social Good

Belstarbelstar.in

Belstar is a microfinance institution founded in 2008 that provides small-amount credit and other financial services to low-income families in rural, semi-urban, and urban areas, primarily through women's self-help and joint liability groups.

FintechImpact & Social Good

Chicoa Fish Farmchicoa.fish

Chicoa operates an aquaculture business on Lake Cahora Bassa in Mozambique, farming tilapia as a low-cost, nutritious protein source.

AgTechFoodTechImpact & Social Good

Co-investorsAqua Spark

Complete Farmercompletefarmer.com in 𝕏Oct 2023

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 MarketplacesFoodTechSan Francisco, GH

Desmond Okpoti Koney(Executive Officer, Director)Desmond Koney(Executive Officer, Director)

BoardAshwin Ravichandran(Director)Francis Owusu(Director)

Co-investorsAlitheia Capital Ceniarth Ingressive Capital Newtown Partners Sahel Capital VestedWorld

Copia Globalcopiaglobal.comOct 2015

Tiburon, US

Tracey Turner(Executive Officer, Director)Crispin Murira(Executive Officer)

BoardJames Sorenson(Director)Saskia van der Mast(Director)Peter van As(Director)Gerald Held(Director)

Co-investorsDCVC (Data Collective)Endeavor Catalyst Enza Capital Perivoli Innovations

Credit Access Grameencreditaccessgrameen.in in 𝕏

CreditAccess Grameen is a microfinance institution offering loan products to low-income customers for income generation, health care, education, home improvement, water, and sanitation needs.

FintechImpact & Social Good

Co-investorsCreation Investments Capital Management

EA Foodseafoods.com

Electronicpayelectronicpay.in

Equitasbankequitasbank.com

Gnbankgnbank.net

Good Nature Agrogoodnatureagro.com in 𝕏

Good Nature Agro is an agriculture company operating in Zambia, working with legume farmers.

AgTechImpact & Social GoodLusaka, ZM

Co-investorsCeniarth FINCA Ventures Global Partnerships

Haul247haul247.co in 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

Co-investorsAlitheia Capital

Hinckley

Hinckley Recyclinghinckley-recycling.com in

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

Co-investorsAlitheia Capital

Inclusivity Solutionsinclusivitysolutions.com in

Inclusivity Solutions is a B2B2C insurtech offering embedded insurance products through its digital insurance platform ASPin, with Open APIs and actuarial and analytics services for banks, insurers, MFIs, telcos and fintechs.

FintechImpact & Social GoodInsurTech

Mainstreetmfbmainstreetmfb.com in 𝕏

Mainstreet Microfinance Bank Limited offers microfinance banking products including personal and business loans and Naira-denominated debt investment notes for individual and corporate customers.

Fintech

Maxmax.ng in 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

Co-investorsAlitheia Capital Breakthrough Energy Ventures Olive Tree Capital Shell Foundation Waarde Capital Novastar Ventures

Musoni

Musonisystemmusonisystem.com in 𝕏

Musoni provides a cloud-based core banking platform for microfinance institutions and other financial organisations worldwide, offering modules for clients, loans, savings, accounting, mobile money integration, and a digital field application for loan officers.

Cloud ComputingFintechSaaS

Nwabiagyaruralbanknwabiagyaruralbank.org

Nwabiagya Rural Bank is a community bank offering financial services including savings, current, corporate and susu accounts, investment products, loans, and payment services such as mobile money, E-Zwich, and Western Union.

Fintech

Omniretailomniretail.africa inApr 2025

OmniRetail operates a network-based B2B platform connecting manufacturers, distributors, and retailers across Africa's informal and formal trade sectors.

B2B MarketplacesFintechLogistics & Supply Chain

Co-investorsShell Foundation Ventures Platform Alitheia Capital Aruwa Capital Norfund

Onafriqonafriq.com in 𝕏

Onafriq operates a pan-African payments network ("Network of Networks") that connects mobile wallets, bank accounts, and cross-border corridors, providing interoperability for digital payment partners.

Fintech

Co-investorsCommerzVentures Endeavor Catalyst

Oradianoradian.com in 𝕏

Oradian provides an API-first, AI-native core banking platform with a programmable core, open data access, and an extension framework for launching deposit, lending, and card products.

AI & Machine LearningFintechSaaS

Antonio Separovic(Founder)in

Co-investorsAlitheia Capital CRE Venture Capital SBI Ventures Europe GmbH Credo Ventures Middleton Enterprises Playfair Capital

Origen Fresh

Origenfreshafricaorigenfreshafrica.com

Origen Fresh produces vegetable oils and essential oils from conventional, organic, and fair-trade supply chains in East Africa, serving the cosmetic, pharmaceutical, and food industries.

AgTechFoodTechImpact & Social GoodNairobi, KE

Pagamypaga.com in 𝕏

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

FintechLagos, NG

Tayo Oviosu(Founder)in

Co-investorsAlitheia Capital Endeavor Catalyst Ossian Capital Draper Associates

Sharemicrofinsharemicrofin.com

SHARE Microfin Limited is a microfinance institution providing financial and support services to un/underserved and poor populations in India, particularly women.

FintechImpact & Social Good

SOUK Farms

Souk Igsouk-ig.com in 𝕏

A grower and exporter of fresh fruits and vegetables operating over 200 hectares of farmland across Rwanda.

AgTechFoodTech

Sparkmetersparkmeter.ioJun 2018

SparkMeter provides metering and low-voltage transformer-sensing hardware combined with software for billing, payments, prepaid metering, customer and asset management, and grid management.

CleantechEnergyHardwareWashington, US

Daniel Schnitzer(Executive Officer, Director)

BoardDaniel Goldman(Director)inBunmi Adekore(Director)Tokunboh Ishmael(Director)inRaymond Jay Dunn(Director)Allison Archambault(Director)

Co-investorsAlitheia Capital Breakthrough Energy Ventures Capria Ventures Endgame Capital Lateral Capital Clean Energy Ventures

Sphm.Cosphm.co.in

Swarna Pragati Housing Microfinance Pvt.

Fintech

Suryodaybanksuryodaybank.com

Co-investorsEvolvence India Fund

Tomato Jostomatojos.net in 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 GoodCambridge, NG

Co-investorsAlitheia Capital VestedWorld

Utkarshutkarsh.bank

Womensworldbankingwomensworldbanking.org in 𝕏

Women's World Banking is a non-profit organization that advances women's economic empowerment by expanding access to financial inclusion across emerging markets in South Asia, Southeast Asia, and Africa.

FintechImpact & Social Good

Mary Ellen Iskenderian(President & CEO)

Co-investorsBlue Haven Initiative Emfarsis

Portfolio news

latest coverage across their companies

Visa, _able and Onafriq Partner to Expand Access to Digital Credit in Africa | Platform Africa

Onafriq · platformafrica.com · Aug 27, 2026

Paga to offer tokenised assets through partnership with TBook

Paga · techcabal.com · Jun 30, 2026

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

Omniretail · techcrunch.com · Apr 28, 2025

Frequently asked questions

How many investments has Goodwell Investments made?: Goodwell Investments has 10 tracked investments, including 1 dated in the last 24 months.
What stage does Goodwell Investments invest at?: Goodwell Investments invests at the Seed, Series A, Series B, Growth, Late Stage stages.
What is Goodwell Investments's typical check size?: Goodwell Investments typically writes checks of $10K – $1M.
What sectors does Goodwell Investments focus on?: Goodwell Investments focuses on AgTech, Circular Economy, Fintech, FoodTech, Impact & Social Good, Logistics & Supply Chain, Mobility & Transportation.
Where is Goodwell Investments located?: Goodwell Investments is headquartered in Amsterdam, NL.
Does Goodwell Investments lead rounds?: Yes, Goodwell Investments leads investment rounds.
Who does Goodwell Investments co-invest with?: Goodwell Investments most often shares deals with Alitheia Capital, Ceniarth, Global Partnerships, among 7 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Els Boerhof of Goodwell Investments discusses how closing deals can be a challenge in Africa

Total Asset · Els Boerhof

Get to know Wedgehut Ltd, a Kenyan potato processor adding value to local potatoes.

Goodwell Investments BV

Get to know eWAKA, a Kenyan electric mobility company transforming last-mile logistics

Goodwell Investments BV

Get to know Organic Fields, producer of Hygrow Organic Fertilizer, a bio-fertilizer in Kenya

Goodwell Investments BV

Inside SOUK Farms

Goodwell Investments BV

Portfolio company interviews: EA Foods

Goodwell Investments BV

Images

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