Goodwell Investments
Impact investorAmsterdam · Seed–Late Stage · 18 people tracked
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.
Source: firm website, verified Aug 3, 2026.
Team · 18 people
from the firm's website
What they invest in
from 23 of 42 portfolio companiesFintech ×14Impact & Social Good ×10AgTech ×7FoodTech ×5B2B Marketplaces ×3Logistics & Supply Chain ×3SaaS ×3Cleantech ×2
HQs:India×6Nigeria×5Ghana×2South Africa×2Kenya×1Mozambique×1
Investments · 42 tracked
founders shown can be your intro pathAgent 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
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
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 operates an aquaculture business on Lake Cahora Bassa in Mozambique, farming tilapia as a low-cost, nutritious protein source.
AgTechFoodTechImpact & Social Good
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
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
Good Nature Agro is an agriculture company operating in Zambia, working with legume farmers.
AgTechImpact & Social GoodLusaka, ZM
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
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
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
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
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
OmniRetail operates a network-based B2B platform connecting manufacturers, distributors, and retailers across Africa's informal and formal trade sectors.
B2B MarketplacesFintechLogistics & Supply Chain
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
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
Washington, US
Daniel Schnitzer(Executive Officer, Director)Raymond Jay Dunn(Director)Daniel Goldman(Director)Bunmi Adekore(Director)Tokunboh Ishmael(Director)Allison Archambault(Director)
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)
Frequently asked questions
- 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.
Media · Podcasts & interviews
featuring the teamEls 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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