Fundraising Fox

Kuramo Capital Management

Impact investor

New York · Seed–Growth · 11 people tracked

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Investment thesis

Since 2010, Kuramo Capital Management has focused on catalyzing commercial capital into fast-growing, indigenous-led businesses across sub-Saharan Africa. Leveraging local presence in Nairobi, Lagos, and New York, the firm targets key sectors including financial services, agriculture, technology, and power. It deploys capital via primary fund investments, direct and co-investments, and separately managed accounts, aiming to generate strong investor returns while producing positive community outcomes and shared prosperity aligned with ESG and impact goals.

Invests inAgTechEnergyFintechImpact & Social GoodSector AgnosticAfricaKenyaNew YorkNigeria

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
HQ
New York, US
Instruments
Equity
Founded
2010
AUM
$257.7M
Tracked investments
29

Team · 11 people

from the firm's website
Wale Adeosun· Founder & Chief Executive Officer
Kamal Pallan· Partner, Chief Operating Officer & Chief Compliance Officer
Labi Williams· Partner & Managing Director
Shaka Kariuki· Partner & Chief Investment Officer
Arnold Akello· Vice President
Clara Mwangola· Vice President
Gbolade Okeowo· Vice President
Mojisola Fashola· Managing Director & General Counsel
Mumo Muthengi· Managing Director
Nike Ogunjimi· Director
Tapiwa Mhizha· Director

Investments · 29 tracked

founders shown can be your intro path
ACW

Permanent capital vehicle with $172M in commitments backing mid-market, sector-agnostic (ESG-compliant) businesses across sub-Saharan Africa.

Adenia Capital III

Private equity fund supporting mid-sized companies in the Indian Ocean and West Africa via strategic growth and operational improvements.

Adiwale

Fund focused on SME investments in West Africa, targeting high-growth sectors such as manufacturing and consumer goods.

AFSF

$98M private equity fund investing in Africa's agri value chain, boosting food production and processing at the SME level.

AfyA Care

Building a healthcare ecosystem in Nigeria by investing in hospitals and medical facilities for accessible, affordable care.

Capital Alliance Private Equity III (CAPE III)

Fund launched in May 2009 making equity investments in high-growth West African companies, with a focus on Nigeria and the energy sector.

Capital Alliance Private Equity IV (CAPE IV)

$570M fund investing across healthcare, energy, infrastructure, agriculture, telecoms, media, technology, FMCG, and financial services in West Africa, primarily Nigeria.

CardinalStone Capital Advisors Growth Fund 1 (CCAGF 1)

West Africa SME and growth fund managed by CardinalStone Capital Advisors; launched 2018 with $64M in commitments and 6 investments.

Cepheus Growth Capital Partners

Fund investing in Ethiopian manufacturing, agro-processing, and services with long-term capital and hands-on support.

CKSOF

Early-stage fund backing consumer-focused and community-driven African businesses; $20.2M commitments, 91% from Kuramo.

Crest Agro Products

Producer of high-quality cassava starch for food, pharmaceutical, and textile industries in Nigeria.

DataGuard

Document management provider offering secure, cost-effective data storage and compliance solutions.

EchoVC

Technology-focused early-stage VC firm investing in underrepresented founders and underserved markets across Africa, the US, and the UK.

FSDH Holding Company

Nigerian financial group offering banking, asset management, and investment solutions through subsidiaries like FSDH Merchant Bank.

GenAfrica Asset Managers

Investment management firm serving institutional investors across East Africa, managing over $3.2 billion in assets.

Green Africa

Value airline offering affordable air travel across Nigeria.

Helios Investors II

Private equity fund investing in high-growth African companies across financial services, telecoms, healthcare, and infrastructure.

Intelligra

Smartphone financing company enabling affordable device access across Africa through telecom data and financial scoring.

Leon Business Solutions

Advisory firm helping companies expand into the Australian market with strategy and operational support.

Medu Capital

Multi-sector mid-market private equity fund in South Africa with a $300M target, investing $7-47M in medium-sized businesses.

NAS Foods

Ethiopia's premier biscuit manufacturer using world-class production technology.

PHC

The largest industrial palm oil producer in the DRC, operating across three plantations with a zero-deforestation policy.

Platcorp Holdings Limited

Impact finance group focused on non-banking lending across five African countries.

SepFluor

Fluorspar mining and beneficiation company in South Africa serving steel, aluminum, and chemical industries.

Sterling Capital

Kenyan investment bank specializing in equities and fixed-income trading.

TransCentury PLC

Investment holding company driving infrastructure development across energy, transport, water, industrial, and agriculture, listed on the NSE.

Uhuru Growth Fund

Fund targeting West African businesses that create jobs and strengthen healthcare and fintech sectors.

Verod Capital Growth II

Nigerian fund providing growth capital to medium-sized businesses across consumer products, services, manufacturing, agribusiness, financial services, and energy.

Viathan Engineering

Provider of reliable power solutions to underserved communities and industries in Nigeria.

Frequently asked questions

What stage does Kuramo Capital Management invest at?
Kuramo Capital Management invests at the Seed, Growth stages.
What sectors does Kuramo Capital Management focus on?
Kuramo Capital Management focuses on AgTech, Energy, Fintech, Impact & Social Good, Sector Agnostic.
Where is Kuramo Capital Management located?
Kuramo Capital Management is headquartered in New York, US.

Media · Podcasts & interviews

featuring the team

🎙LIVE at #AVCA2024 with Wale Adeosun, Founder and Chief Executive Officer, Kuramo Capital Management - YouTube

AVCA · Wale Adeosun

Shaka Kariuki, CEO - Kuramo Capital Management LLC - YouTube

Nairobi Securities Exchange PLC · Shaka Kariuki

Images

Kuramo Capital Management photoKuramo Capital Management photoKuramo Capital Management photoKuramo Capital Management photoKuramo Capital Management photo

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