Fundraising Fox
Seed · 9 people tracked
Also known as LATERAL CAPITAL MANAGEMENT LP · Lateral Frontiers VC
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Investment thesis
Lateral Frontiers partners with visionary founders in emerging markets who leverage frontier technologies to solve pressing global challenges, particularly in fintech and cleantech. The firm believes the world's greatest opportunities will be created in the Global South and emphasizes founder quality, resourcefulness, and long-term value creation. Beyond capital, the firm provides team-building support, client introductions, regulatory guidance, and fundraising assistance to drive transformative tech innovation across frontier economies.
Source: firm website, verified Sep 29, 2026.
Team · 9 people
from curated & public directoriesFounder mafia
2 people who came through Lateral Capital went on to found or lead other companies.
What they invest in
from 24 of 41 portfolio companiesFintech ×12SaaS ×8Cleantech ×5Enterprise Software ×5AI & Machine Learning ×4Data & Infrastructure ×4Hardware ×4IoT ×3
HQs:United States×11Nigeria×5Kenya×3Colombia×1Egypt×1Jersey×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×62 founders×5
Where their founders studiedfrom 10 founders with education data
Obafemi Awolowo University ×2University of Lagos ×2
What their founders studiedfrom 10 founders with field-of-study data
Engineering ×3Computer Science ×2
Investments · 41 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 32023 · 12021 · 62020 · 22019 · 22018 · 116 dated
Figma is a collaborative design platform that enables teams to create apps, websites, and products through shared design tools integrated with development workflows and AI-powered design assistance.
Developer ToolsSaaSSan Francisco, US
Evan Wallace(Co-Founder (former Chief Technology Officer))Dylan Field(Co-founder & CEO)inPraveer Melwani(Chief Financial Officer & Treasurer)inKris Rasmussen(Chief Technology Officer)inShaunt Voskanian(Chief Revenue Officer)inBrendan Mulligan(General Counsel & Secretary)in
Board seatJohn Lilly· per SEC Form D · $415.7M raise · filed May 2024
Co-investors137 Ventures1435 Capital1517Alkeon InnovationAmplify.LAAndreessen Horowitz+57 more
Aside is an AI-powered browser that enables autonomous agents to complete web-based tasks across logged-in websites without integrations, including payments, messaging, and internal tools.
AI & Machine LearningConsumerDeveloper ToolsSaaSSan Francisco, US
Jun Kim(Founder)inChanhee Lee(Co-founder)inSanghun Lee(Founder)inAlejandro Crosa(Director)Adam Nash(Executive Officer, Director)
Board seatJohn Lilly· per SEC Form D · $7.5M raise · filed Aug 2025
Co-investorsY CombinatorPioneerThe Ventures CoAmplify CapitalBass InvestmentBitwise Asset Management+7 more
4G Capital provides business loans, financial training, and digital financial services to micro, small, and medium enterprises (MSMEs) across Africa, using mobile money for loan disbursement and repayment.
AI & Machine LearningFintechImpact & Social GoodSt Helier, JE
Co-investorsCapria VenturesCeniarthGlobal Innovation FundIFC
Aperia develops tire management technology that monitors and maintains tire inflation and predictive maintenance for commercial fleets and consumers.
HardwareIoTLogistics & Supply ChainBurlingame, US
JOSHUA CARTER(Executive Officer, Director)inBRANDON RICHARDSON(Executive Officer)in
BoardJACK FUCHS(Director)inHAL KRUTH(Director)ANDREW SMITH(Director)STEPHEN GRAND(Director)
Co-investorsAugment VenturesBlackhorn VentureseLab VenturesEnerTech CapitalTrucks VC
Asoko Insight provides research, data analytics, and compliance solutions for businesses operating in African markets, leveraging proprietary datasets and in-country research capabilities across 25+ African countries.
AgTechData & InfrastructureEnterprise Software
Co-investorsCapria VenturesNorth Base Media
Autochek is an automotive technology company that builds solutions for auto loans, vehicle maintenance and after-sales services, warranties, and transactional marketplaces within Africa's automotive sector.
FintechMarketplacesMobility & Transportation
Iyamu Mohammed(Founder)inEtop Ikpe(Founder)in
Co-investors4DX VenturesCapria VenturesEndeavor CatalystEnza CapitalMobility 54MSA Novo+9 more
Carry1st provides payment processing, game distribution, and marketing services for publishers entering African and Middle Eastern markets.
B2B MarketplacesFintechGaming
Lucy Hoffman(Founder)in
Co-investorsBitkraft Esports VenturesSony Ventures CorporationAlumni VenturesAndreessen HorowitzAvenir Growth CapitalCapria Ventures+17 more
Nelly Chatue Diop(Founder)in
Co-investorsAdaverseCapria VenturesCircle VenturesLoftyInc CapitalMercy Corps VenturesAnthemis Venture
INOVUES makes non-invasive glazing retrofit systems that upgrade existing building facades and windows to improve energy efficiency and cut carbon emissions without replacing the original components.
CleantechClimate TechPropTechHouston, US
Anas Al Kassas(Executive Officer, Director)inAhmad Atwan(Director)inJohn Paulos(Director)
Co-investorsCentral Texas Angel NetworkE8 AngelsR/GA VenturesSaint-Gobain NOVA
Iris Automation develops artificial intelligence software that enables industrial drones to operate autonomously, with a focus on collision avoidance capabilities for safer operations.
Advanced ManufacturingAI & Machine LearningRoboticsSan Francisco, US
Alexander Harmsen(Founder/CEO)inJames Howard(Founder/CTO)in
Co-investorsARC Angel FundBessemer Venture PartnersFlucas VenturesLigo Partners LLCSony Ventures CorporationY Combinator+14 more
Kashier is a digital payment platform that lets businesses accept online payments from customers and partners through tools such as payment links, e-invoicing, e-commerce integrations, QR code payments, and subscriptions.
E-commerceFintechSaaSCairo, EG
Khaled Raslan(Founder)in
Co-investorsCapria VenturesDigital Currency GroupFirst CircleSawari VenturesThe Fintech Fund
San Francisco, US
Christopher Hale(Founder)inCatherine Nomura(Founder)in
BoardSTEVEN SCHOW(Director)
Co-investorsCapria VenturesMS&AD VenturesBootstrapLabs
Co-investorsCapria VenturesFounders Factory AfricaSeedstarsMusha Ventures
Lynk was a Nairobi-based online marketplace connecting households and businesses with verified domestic workers, artisans, and other informal-sector professionals via an app.
Adam Grunewald(Founder)in
Co-investorsCapria VenturesBrewer Lane VenturesMassMutual VenturesN49PSamsung NextTribe Capital
Mesh++ manufactures wireless mesh networking hardware with low-loss routing protocols for fast, automatic connections across difficult-to-serve areas.
HardwareIoTChicago, US
Danny Gardner(Founder)in
Co-investorsCapria VenturesFirst Leaf CapitalIllinois VenturesAnorak VenturesGAN VenturesSOSV+1 more
Minka builds payments infrastructure that lets clearinghouses, banks, and fintechs network and clear payments in real time.
Data & InfrastructureEnterprise SoftwareFintechSaaSBogota, US
Domagoj Rozic(Chief Executive Officer)Paola Sánchez(Founder)Kai Schmitz(Director)Jorge Kuljis(Director)
Co-investorsTiger Global ManagementCapria VenturesCollab+CurrencyColle Capital PartnersKaszek Ventures
Mono provides financial data access, identity verification, and direct bank payments for businesses in Africa through an open banking platform.
Data & InfrastructureEnterprise SoftwareFintechLagos, NG
Abdulhamid Hassan(Founder)inPrakhar Singh(Founder)in
Co-investorsY CombinatorCapria VenturesEntrée CapitalHoaQIngressive CapitalLoftyInc Capital+7 more
Mono provides payment infrastructure for enterprises, including payouts, Bre-B transfers, branded wallets, and Visa cards through a single API integration.
Enterprise SoftwareFintechSaaSBogotá, CO
Sebastian Ortiz(Founder)inJuan Camilo Poveda(Founder)in
Co-investorsY CombinatorTiger Global ManagementMagma PartnersAtlas VenturesBVCDVC+13 more
Octavia is a Web3-native AI assistant and local-first autonomous agent platform for research, automation and on-chain actions.
Co-investorsCastrum CapitalE4E AfricaRenew Capital
Octavia Carbon develops solutions to address climate change, with a team focused on sustainability initiatives.
CleantechClimate TechDeep Tech
Co-investorsCollaborative FundE4E AfricaThird DerivativeLaunch Africa VenturesRenew Capital
Pngme provides alternative data analytics and creditworthiness assessment solutions for financial institutions in Africa and Asia.
AI & Machine LearningData & InfrastructureFintech
Lorraine(CEO)Rob(VP of Growth)Philip(CTO)
Co-investorsBeresford VenturesCapria VenturesConsenSys MeshFuture AfricaOctopus VenturesRaptor Group+5 more
Qore provides a digital banking platform and operating system that enables financial institutions to digitize and automate their operations.
Cloud ComputingFintechSaaS
Co-investorsGreen Visor CapitalSilverton PartnersTAU Ventures
Rhaeos develops FlowSense, a noninvasive wireless wearable skin patch that monitors fluid flow in the body, initially targeting hydrocephalus patients who depend on implantable shunts for cerebrospinal fluid management.
HardwareHealthtechMedical DevicesEvanston, US
Dr. Chad WebbJohn A. Rogers(Executive Officer, Director)Roozbeh Ghaffari(Director)inAnna Lisa Somera(Executive Officer)inChad Seaver(Director)R. Chad Webb(Executive Officer, Director)
Co-investorsCreative VenturesPortal InnovationsSteele Foundation for Hope
Seamless HR provides financial solutions for employees, including earned wage access, term loans, and salary advances, delivered as workplace benefits to enhance employee retention and financial wellbeing.
FintechFuture of WorkHR TechSaaSLagos, NG
Emmanuel Okeleji(CEO & Co-Founder)inDeji Lana(CTO & Co-Founder)in
Co-investorsArgonautic VenturesCapria VenturesConsonance Investment ManagersEnza CapitalHelios Digital VenturesIngressive Capital+5 more
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)in
BoardDaniel Goldman(Director)inBunmi Adekore(Director)Tokunboh Ishmael(Director)inRaymond Jay Dunn(Director)Allison Archambault(Director)
Co-investorsAlitheia CapitalBreakthrough Energy VenturesCapria VenturesEndgame CapitalClean Energy VenturesFactor[e] Ventures+1 more
Lateral Frontiers is a venture capital firm that invests in founders in frontier and developing markets, particularly across Africa.
CleantechFintechSector AgnosticNairobi, KE
RobSteven
BoardSam
Wattnow provides circuit-level energy measurement and software for industrial facilities to identify waste, verify utility bills, optimize load scheduling, and detect equipment faults.
CleantechEnergyIoTSaaSTunis, TN
Co-investors216 CapitalE3 CapitalOcterra CapitalSatgana
Workstyle Serviced Offices Limited operates furnished, shared office spaces in Westlands, offering flexible membership plans, amenities, and a community network for businesses to work, meet, and collaborate.
Future of WorkPropTechNairobi, KE
Co-investorsCapria Ventures
Zone operates a regulated blockchain network and payment infrastructure that routes and settles transactions directly between financial institutions without a central intermediary.
Crypto & Web3Enterprise SoftwareFintechLagos, NG
Obi Emetarom(Co-Founder & CEO)inWale Onawunmi(Co-founder & Chief Technology Officer)in
Co-investorsAlter GlobalCapria VenturesDigital Currency GroupTimon CapitalTLcom CapitalTofino Capital+1 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ActurusArcuturusArcuturus VerstaanAutocheckKOKO NetworksLateral CapitalLynk JobsMedsafMeshplusSeemlesshrVibra
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 4
1 IPOs · 3 acquisitions · showing 2Portfolio news
latest coverage across their companiesFigma · Figma Newsroom · Jun 24, 2026
Aside · techcrunch.com · May 30, 2026
4G Capital · trysignalbase.com · Mar 31, 2026
Mono · ycombinator.com · Jun 24, 2025
Frequently asked questions
- How many investments has Lateral Capital made?
- Lateral Capital has 41 tracked investments, 4 of which have exited, including 3 dated in the last 24 months.
- What stage does Lateral Capital invest at?
- Lateral Capital invests at the Seed stage.
- What is Lateral Capital's typical check size?
- Lateral Capital typically writes checks of $100K – $1M.
- What sectors does Lateral Capital focus on?
- Lateral Capital focuses on AI & Machine Learning, Cleantech, Climate Tech, Crypto & Web3, Energy, Fintech, Marketplaces, Mobility & Transportation.
- Does Lateral Capital lead rounds?
- Yes, Lateral Capital leads investment rounds.
- Who does Lateral Capital co-invest with?
- Lateral Capital most often shares deals with Capria Ventures, Ingressive Capital, TLcom Capital, among 73 tracked co-investors.
Media · Podcasts & interviews
featuring the teamRob Eloff of Lateral Capital // the history and future of venture capital in Africa [CC066]
upside podcast · Rob Eloff
Startup Investors: An Intro to Lateral Capital, With Steven Grin of Lateral Capital
Mindset Startup Academy-Verlin Gradney · Steven Grin
Startup Investors: Lateral Capital's Investment Thesis, With Steven Grin of Lateral Capital
Mindset Startup Academy-Verlin Gradney · Steven Grin
Co-investors · 2
SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.
Expert DOJO is an early-stage startup accelerator and investment fund that offers capital plus a structured growth program focused on sales and marketing scaling. It runs an Investment Program and a non-dilutive Growth Program for founders.
Firms observed investing alongside Lateral Capital, from public investor directories. Shared companies are the overlap with Lateral Capital's recorded portfolio.
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