How many investments has Heirs Holdings made?

Heirs Holdings has 22 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.

What stage does Heirs Holdings invest at?

Heirs Holdings invests at the Growth stage.

What sectors does Heirs Holdings focus on?

Heirs Holdings focuses on Energy, Fintech, Healthtech, InsurTech, PropTech, Travel & Hospitality.

Where is Heirs Holdings located?

Heirs Holdings is headquartered in Lagos, NG.

Heirs Holdings

Family office

Lagos · Growth · 11 people tracked

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Find your way into Heirs Holdings

995 people in our graph share verified history with the Heirs Holdings team — schools, employers, funds. One of them is your warm intro.

Rebecca Jamesunlockedknows Chiugo Ndubisi · together at The Wharton School (overlapped)

×2knows the team · via Columbia Business School

×7knows the team · via The Wharton School

knows the team · via IESE Business School

knows the team · via SOAS University of London

✨ Fox Verdict

Investment thesis

Heirs Holdings pursues a philosophy it terms Africapitalism, seeking to unlock Africa's potential through long-term investments in strategic sectors. The group positions itself as a family-owned, pan-African investment holding company focused on delivering sustainable, long-term value while improving lives and driving development across the continent.

Invests inEnergy Fintech Healthtech InsurTech PropTech Travel & Hospitality Africa Lagos Nigeria

Source: firm website, verified Aug 3, 2026.

Stage

Growth

Lagos, NG

Instruments

Equity

Last 12 months

1 investment

Tracked investments

Acquisitions

Team · 11 people

from the firm's website

Awele V. Elumelu· Founding Director

Founding Director of Heirs Holdings and a medical doctor focused on transforming African healthcare. She chairs several group boards including Avon Healthcare and co-founded the Tony Elumelu Foundation.

Dr. Awele V. Elumelu· Founding Director

A founding Director of Heirs Holdings and co-founder of the Tony Elumelu Foundation, focused on healthcare and entrepreneurship. She chairs several group boards including Avon Healthcare, Heirs Insurance Brokers and Transcorp Hotels.

Tony O. Elumelu· Founder and Chairman

African investor and philanthropist who founded and chairs Heirs Holdings, and also chairs UBA Group and Transcorp Group. He created the Tony Elumelu Foundation and has received numerous international honors.

Alexander Trotter· Investor

Investor in public and private companies with a focus on Africa. He is a partner at Newmarket Asset Management, a Tony Elumelu Foundation trustee, and co-founder of Quality Foods Africa.

Chinedu Eze· Group Company Secretary and Legal Counselin

Leads the legal function at Heirs Holdings, overseeing transaction advisory, legal risk and corporate governance. He has over 20 years of experience in corporate law and previously held roles at Nestoil, Transcorp, Fidelity Bank and Ecobank.

Chiugo Ndubisi· Strategic oversight of investment and integrationin

Oversees investment and integration across Heirs Holdings' portfolio. A financial services professional with over 25 years in banking, he previously served as an executive director at UBA.

Clari· Strategic marketing direction

Provides strategic marketing direction across Heirs Holdings' portfolio. She previously worked in advertising and helped launch the Tony Elumelu Foundation Entrepreneurship Programme.

Emmanuel N. Nnorom· CEO· Lagos State, Nigeriain

CEO of Heirs Holdings and former CEO of Transnational Corporation of Nigeria. A chartered accountant with over three decades of corporate and financial experience, he previously held senior roles at UBA including Group CFO.

Obinna Ufudo· Lagos State, Nigeriain

Business leader with 30 years of multi-sector experience across banking, investment, energy and development finance. He served as President/Group CEO of Transcorp and previously Executive Director/COO of Heirs Holdings.

Sola Yomi-Ajayi

Financial services executive with over 30 years of experience in leadership, governance and risk management. She previously served as an Executive Director of UBA and CEO of UBA's international business and America operations.

Victor Osadolor· Francein

Banking and finance expert with over 30 years of experience in capital markets, credit and financial risk. He rose to Deputy Group MD/CEO at UBA and has chaired and served on several African boards.

What they invest in

from 11 of 22 portfolio companies

Enterprise Software ×5Fintech ×5Energy ×3Cloud Computing ×2Digital Health ×2Healthtech ×2InsurTech ×2SaaS ×2

HQs:Nigeria×10

Investments · 22 tracked

founders shown can be your intro path

Avon Medicalavonmedical.com in✓ verified

Avon Medical Practice is a healthcare provider offering end-to-end patient care covering prevention, diagnostics, management, and recovery across all life stages.

Digital HealthHealthtechWellness & FitnessLagos, NG

Dr Akinbiyi Oke(Chief Executive Officer)in

Board Dr Awele V. Elumelu(Chairperson)Dr. Awele V. Elumelu OFR(Chairperson)

Redtechredtechlimited.com in 𝕏May 2026✓ verified

Redtech is a fintech company offering digital payment solutions (RedPay) and an energy technology platform (SITCOM) aimed at addressing financial and infrastructure challenges across Africa.

EnergyEnterprise SoftwareFintechImpact & Social GoodSaaSAbuja, NG

Africa prudentialafricaprudential.com in 𝕏

Africa Prudential Plc provides share registration services and capital market solutions to organizations in the Nigerian capital market.

Cloud ComputingEnterprise SoftwareFintechSaaSNigeria, NG

Afriland Propertiesafrilandproperties.com 𝕏

Afriland Properties is a real estate company that publishes financial and analyst reports and holds shareholder meetings for investors.

PropTech

Avon HMOavonhealthcare.com in 𝕏

Avon HMO is a Nigerian health maintenance organization offering individual, family, and corporate health plans that coordinate care and cover medical bills for subscribers.

Digital HealthHealthtechInsurTechLagos, NG

Osa Imasogie(Chief Executive Officer)in

Heirs Insurance Brokersheirsinsurancebrokers.com

Brokerage arm of Heirs Insurance Group offering tailored risk and asset protection solutions.

Heirs Insurance Groupheirsinsurancegroup.com in 𝕏

Heirs Insurance Group is an insurance company authorized and regulated by the National Insurance Commission, serving stakeholders in Nigeria.

FintechInsurTechLogistics & Supply ChainLagos, NG

Wole Fayemiin

Heirs Technologiesheirstechnologies.com in 𝕏

Heirs Technologies partners with African businesses to modernize operations and accelerate growth through cloud, cybersecurity, and digital transformation services designed for Africa and aligned with global standards.

Cloud ComputingCybersecurityEnterprise SoftwareLagos, NG

Obong Idiong(Managing Director / CEO)inGeorge Njuguna(Chief Technology & Innovation Officer)Ibijoke Morakinyo(Chief Operating Officer)Romanus Eke(Chief Commercial Officer)inNorbet Amu(Chief Finance Officer)Nathaniel Oladunmomi(Chief Risk Officer)in

TENOILheirsenergies.com 𝕏

Africa's largest indigenous-owned energy company operating oil and gas production in Nigeria's Niger Delta, with a focus on safety, health, community relations, and governance standards.

EnergyNiger Delta, NG

Tony O. Elumelu, C.F.R(Founder)in

Tenoil energytenoilenergy.com in

Tenoil is an oil and gas exploration and production company operating offshore and onshore assets in Nigeria with reserves including crude oil and natural gas.

EnergyLagos, NG

Transcorp Hotelstranscorphotels.com

Nigeria's leading hospitality company, owner of the Transcorp Hilton Hotel Abuja.

Transcorp Powertranscorppower.com

Leading producer of electricity in West Africa.

United Bank for Africaubagroup.com in 𝕏

UBA Group is a pan-African banking group offering financial services to individuals and businesses across Africa and internationally.

Enterprise SoftwareFintechLagos, NG

united capitalunitedcapitalplcgroup.com in 𝕏acquired by Goldman Sachs

United Capital Plc is a Pan-African financial services institution that provides financial services to businesses, individuals, and governments using technology.

Enterprise SoftwareFintechLagos, NG

Dr. Gbadebo Adenrele(Head, Financial Advisory and Capital Market)Tobechi Nwosu(Head of Mid-Market)in Vivian Okoloigwe(Head of Coverage & Distribution, Investment Banking)in

Co-investorsBessemer Venture Partners Sageview Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Abuja Electricity Distribution CompanyAvon Dialysis CentreAvon Healthcare LimitedHeirs EnergiesTranscorp CentreTranscorp GroupTranscorp Hilton AbujaTranscorpnigeria

Exits · 1

1 acquisitions

united capitalacq. by Goldman Sachs

Portfolio news

latest coverage across their companies

Transcorp Power seeks NERC approval for Maryam Bala Shehu’s board appointment - Nairametrics

Transcorp Power · nairametrics.com · Sep 3, 2026

ThisDay [August 2026] Avon HMO Partners Lagos Food Bank to Promote Healthy Nutrition for Breastfeeding Mothers - AVON HMO

Avon HMO · avonhealthcare.com · Aug 21, 2026

Heirs Insurance Group’s premiums surge 89% to N115bn as claims payout jumps - Businessday NG

Heirs Insurance Group · businessday.ng · Aug 17, 2026

Afriland Properties

Afriland Properties · graduate-trainee.heirsholdings.com · Aug 17, 2026

Redtech Makes Financial Times Africa's Fastest Growing Companies List Ahead of Planned $100 Million Series A

Redtech · techcrier.com · May 15, 2026

Heirs Tech urges bold investments to drive $700bn digital growth

Heirs Technologies · punchng.com · Oct 19, 2025

Frequently asked questions

How many investments has Heirs Holdings made?: Heirs Holdings has 22 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does Heirs Holdings invest at?: Heirs Holdings invests at the Growth stage.
What sectors does Heirs Holdings focus on?: Heirs Holdings focuses on Energy, Fintech, Healthtech, InsurTech, PropTech, Travel & Hospitality.
Where is Heirs Holdings located?: Heirs Holdings is headquartered in Lagos, NG.

Media · Podcasts & interviews

featuring the team

Heirs Holdings Chairman, Tony O. Elumelu Speaks at the 2023 (Afreximbank)

Heirs Holdings · Tony O. Elumelu

Heirs Holdings Chairman, Tony O. Elumelu at the NGX, BPE, NIPC Investors Webinar

Heirs Holdings · Tony O. Elumelu

Built to Lead: The Heirs Holdings Woman

Heirs Holdings

Heirs Holdings Africapitalism in Action

Heirs Holdings

Tony Elumelu Delivers Keynote Remarks at the Abuja Business & Investment Summit & EXPO 2025

Heirs Holdings

Tony Elumelu Champions Africapitalism at the Nordic-African Business Summit, in Oslo, Norway

Heirs Holdings

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