🦊/Investors

Microtraction

Venture capital

Lagos · Pre-Seed–Series A · 10 people tracked

Find your way into Microtraction

1,162 people in our graph share verified history with the Microtraction team — schools, employers, funds. One of them is your warm intro.

Tom Hulmeunlockedknows Dayo Koleowo · together at Upscale (overlapped)
knows the team · via King & Wood Mallesons
×5knows the team · via EchoVC Partners
knows the team · via The London School of Economics and Political Science (LSE)
knows the team · via University of California, Berkeley, Haas School of Business
knows the team · via Business School Netherlands
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Investment thesis

Microtraction backs technical, resourceful founders at the earliest stage of their ventures across Africa. It invests $100k in small teams (typically 2-3 people with at least one technical founder) that have built a minimum viable product, identified target customers, validated market demand, and demonstrated capital efficiency with a clear revenue model. The firm looks for companies solving clear problems and building globally relevant, high-growth technology businesses operating in billion-dollar markets.

Source: firm website, verified Aug 27, 2026.

Stage
Pre-Seed–Series A
Check
$100K
HQ
Lagos, CA, NG
Leads rounds
Leads
Instruments
Equity
Founded
2017
Last 12 months
1 investment
Tracked investments
84
Acquisitions
2

Team · 10 people

from the firm's website & public directories
Judith Koranteng· Legalin

What they invest in

from 50 of 84 portfolio companies

Fintech ×27SaaS ×12Enterprise Software ×10AI & Machine Learning ×8Consumer ×8Crypto & Web3 ×8Data & Infrastructure ×6E-commerce ×6

HQs:Nigeria×15United States×11United Kingdom×6Canada×2Ghana×2Kenya×1

Who they back

founder profiles across 29 portfolio companies
45%
solo founders
13 of 29 mapped founding teams
51%
repeat founders
of 39 founders with career history

Founding team size:solo founder×132 founders×153 founders×1

Where their founders studiedfrom 38 founders with education data

Obafemi Awolowo University ×6University of Lagos ×5Covenant University ×4Harvard Business School Executive Education ×2Lagos Business School, Pan-Atlantic University ×2Stanford University Graduate School of Business ×2University of Ilorin, Nigeria ×2

What their founders studiedfrom 36 founders with field-of-study data

Computer Science ×10Business & Management ×7Engineering ×7Finance & Accounting ×6Medicine ×3Design & Architecture ×2

Where their founders worked beforefrom 39 founders with career history

Bloc ×3Flutterwave ×2HostCabal ×2OPay ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×11Y Combinator ×8

2 hold an MBA (of 38 with degree data)

Investments · 84 tracked

founders shown can be your intro path

By year:2026 · 12024 · 32023 · 22022 · 32021 · 32020 · 32018 · 419 dated

Aya Dataayadata.aiin𝕏Oct 2024 · $900K✓ verified

Aya Data is an AI consulting firm providing end-to-end services including data collection, annotation, model development, deployment, and optimization for organizations in healthcare, retail, utilities, agriculture, and geospatial sectors.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareLondon, GB

Ama LS(Founder)Freddie Monk(Co-founder & Chief Executive Officer)inAma Larbi Siaw(Co-founder & Chief People Officer)inDr. Prince Oberko(Chief Information Officer)

Co-investors54 CollectiveSavannah Fund

Achievetheachieveapp.comin𝕏

Achieve by Petra is a personal savings and investment app that lets users open an account, set financial goals, and track contributions, earnings, and withdrawals in real time.

ConsumerFintechNew York, US

Jian Wei Gan(Director)Shaival Sharad Shah(Executive Officer, Director)

Afriskautafriskaut.comin𝕏

Afriskaut is a platform and advisory service that identifies and verifies football talent from African academies, youth leagues, and grassroots, combining data-driven player stats with on-the-ground scouting.

AI & Machine LearningB2B MarketplacesSports Tech

Co-investorsTofino Capital

Afropolitan Groupafropolitan.ioin𝕏

Afropolitan is building a network connecting people across Africa and the diaspora spanning art, finance, tech, health, energy, sports, and media, with a focus on tech and crypto value creation.

Crypto & Web3Media & EntertainmentSocial

Co-investorsAdaverseCultur3 CapitalPronomos Capital

AO Labsspacebar.xyzSeed · Aug 2022 · $5M

Spacebar is a web3 project that built the ETH Universe, an open-world onchain "digital sandbox" on Ethereum where users connect wallets and use NFT avatars (via ERC-6551) to hold assets, earn resources, and create user-generated content.

Crypto & Web3GamingSocial

Christy Choi(Founder)

Co-investorsLiquid Ventures

ARK Frontierstoreatark.comin𝕏

ARK is an operations platform for growing businesses and SMEs in Nigeria that handles inventory tracking, procurement, retail operations, expense and liability recording, and financial statement generation.

Enterprise SoftwareFintechRetail TechSaaS

Ayaaya.appinOct 2024 · $900K

Aya is an e-commerce platform that sells abayas and related modest fashion items for women, primarily serving customers in the Middle East.

ConsumerDirect to ConsumerE-commerceMarketplacesRiyadh, SA

Co-investorsJoa CapitalKhwarizmi VenturesRAED VenturesNuwa CapitalSanabil InvestmentsSavannah Fund

Baki Beautybaki.co.ke

Kenyan online beauty retailer selling skincare, haircare, makeup, body care and men's and kids' products.

Banigetbani.com

African cross-border payment infrastructure letting businesses collect local payments and settle in minutes via local rails and stablecoins.

Bitsikabitsika.africain𝕏

Bitsika is a mobile app that lets gamers top up in-game currencies and passes for hundreds of titles using cryptocurrencies like Bitcoin and USDT, avoiding app store fees.

ConsumerCrypto & Web3FintechGaming

Blnk Financeblnkfinance.comin𝕏

Blnk Finance builds open-source and cloud tools for developers to build financial systems that move money, including a ledger, an embedded transaction engine, managed cloud services, a back-office dashboard, and transaction monitoring.

Cloud ComputingData & InfrastructureDeveloper ToolsFintech

Jerry Enebeli(Founder & CEO)inPraise Philemon(Co-founder, Head of Revenue)in

Bumpagetbumpa.comin𝕏

Bumpa provides a mobile app for small business owners and merchants in Africa to manage ecommerce operations, including confirming orders, issuing receipts, and generating financial reports.

E-commerceRetail TechSaaS

TeeJay Adetunji Opayele(Founder)inKelvin Umechukwu(Founder)in

Co-investorsBase10 PartnersDFS LabMAGIC FundSHL Capital

Clafiyaclafiya.comin𝕏Pre-Seed · Jul 2023 · $610K

Clafiya provides primary healthcare services and Health Savings Accounts (HSAs) to individuals, families, and businesses in Nigeria, operating a care clinic, virtual consultations, and wellness marketplace.

FintechHealthtechInsurTechWellness & FitnessLagos, NG

Co-investorsAjim CapitalTechstarsHustle Fund

Connected Analyticsconnectedanalytics.xyz

Cumming, US

Robert Bruckner(Executive Officer, Director, Promoter)Allen Boone(Executive Officer, Director, Promoter)Andrew Brimer(Executive Officer, Director)

Co-investorsBetatron Venture GroupVentures Platform500 GlobalExpert DOJO

Cowrywisecowrywise.comin𝕏Jan 2021

Cowrywise builds savings and investment products for underserved African middle-class and millennial customers.

FintechWellness & FitnessLagos, NG

Razaq Ahmed(Founder/CEO)inEdward Popoola(Founder/CTO)in

BoardJohan Bosini(Director)in

Co-investorsQuona CapitalY Combinator

Cr3dentialscr3dentials.xyzin𝕏

Cr3dentials provides an API that verifies a borrower's identity, income, and assets in real time by pulling data directly from platforms such as Shopify, Stripe, Uber, and YouTube.

Data & InfrastructureFintechSaaS

Elo Mukoro(Founder)in

Evolve Creditevolvecredit.coin𝕏Oct 2020

EvolveCredit publishes content focused on lending strategies, loan recovery, and loan collection for lenders.

Fintech

Daniel Osineye(Founder)in

Co-investorsIngressive CapitalFuture AfricaMAGIC FundSamurai Incubate

Famasifamasi.africaPre-Seed · Feb 2023

Famasi delivers prescription medications to consumers with monthly auto-refills and follow-ups, sourcing from a network of over 1,000 pharmacies.

Digital HealthHealthtechMarketplaces

Faruq Akinwunmi(Founder)inAdeola Ayoola(Founder)in

Fintech B2C Neobank Nigeriawallets.africain𝕏

Wallets.Africa provides a payment platform for creating custom payment links and transferring funds via bank transfers or cryptocurrency, including stablecoin and ether wallets.

Crypto & Web3Fintech

Co-investorsSaviu Ventures

Flanceflanceapp.comin𝕏

Flance (branded as Bardge) operates a fitness and wellness membership pass that gives members access to over 500 gyms, spas, pools, studios, and sports centers across African cities.

ConsumerMarketplacesSports TechWellness & FitnessLagos, NG

FoodCourtgetfoodcourt.comin𝕏

FoodCourt operates a food delivery platform that has delivered over 3 million meals and created 300+ jobs.

ConsumerE-commerceFoodTechLagos, NG

Henry Nneji(Founder)inPaul Adokiye Iruene(Founder)in

Co-investorsY Combinator

FoodLamaheyfoodlama.com

FoodLama is a UK browser extension that flags and recommends online grocery products matching a household's dietary preferences.

Gamrgamr.africain𝕏

Gamr builds infrastructure, community, and technology for esports in Africa, connecting gamers, creators, and brands through tournaments, gaming venues, and creator programs.

AI & Machine LearningCreator EconomyGamingSports TechWilmington, US

Liberty Ekpoto(Founder)in

Co-investorsTechstars

GetEquitygetequity.ioin𝕏

GetEquity operates a platform that provides emerging market investors with access to alternative asset classes and private capital investments in startups and growth companies.

FintechMarketplacesSurulere, NG

Jude Dike(Chief Executive Officer)inTemitope Ekundayo(Head Of Growth and Partnerships)inChigozirim Ugochukwu(Chief Operating Officer)in

Co-investorsTechstars

Gradelygradely.ngin𝕏Apr 2020

Gradely is an AI-powered personalized learning and online tutoring platform that offers gamified practice exercises, interactive video lessons, and on-demand tutor support for students of all ages.

AI & Machine LearningEdTechSaaS

Boye Oshinaga(Founder)in

Co-investorsCo-Creation Hub (CcHUB)InjiniRising Tide Africa (RTA)Ventures Platform

Graphgraph.financein𝕏

Graph Finance provides payment infrastructure for businesses in emerging markets to conduct international transactions with the same ease and security as local payments.

FintechToronto, CA

Abdul Akubo(Founder)inChris Mozie(Founder)in

Co-investorsTechstarsBessemer Venture PartnersDaphniMerantix CapitalSquareOne

Gwalagwala.co

Moroccan fintech offering earned wage access, letting employees draw already-earned pay before payday via employer partnerships.

Hadihadifinance.comin𝕏

Hadi Finance offers invoice discounting for SME suppliers, allowing them to convert outstanding invoices into immediate working capital via a web and mobile platform.

FintechRetail TechSaaS

Co-investorsThe Baobab NetworkGriffin Gaming PartnersMakers Fund

Helicarrier (prev Buycoins)helicarrier.studioin𝕏

Helicarrier operates two platforms: a remittance application for African diaspora members to transfer funds to family and friends in Africa, and a cryptocurrency exchange for buying, selling, and managing digital asset holdings.

Crypto & Web3FintechLondon, GB

Ire Aderinokun(Founder)inTimi Ajiboye(Founder)in

Co-investorsY Combinator

HoneyCoinhoneycoin.appin𝕏

HoneyCoin builds financial infrastructure that helps companies create cross-border payment and money-movement solutions, supporting high-volume trades.

Crypto & Web3Enterprise SoftwareFintech

David N.(Founder)inDavid Nandwa(CEO)

Co-investors4DX VenturesFlori VenturesLava Ventures Ltd.Timon CapitalTLcom CapitalFlourish Ventures+2 more

HustleSasahustlesasa.comin𝕏

HustleSasa operates a platform for managing and scaling live entertainment and sports events across Africa, giving event creators branded storefront URLs to sell tickets directly to fans and offering financial services such as cash advances.

Creator EconomyE-commerceFintechMedia & EntertainmentSports TechNairobi, KE

Peng Chen(Founder)in

Co-investorsDFS LabMusha Ventures

InstantRadinstantrad.com

InstantRad is an African teleradiology platform providing cloud RIS, PACS and a diagnostic viewer to hospitals and radiologists.

Seth Quansah(Founder)in

Co-investorsLoftyInc Capital

Intron Healthintron.ioin𝕏Pre-Seed · Jul 2024 · $1.6M

Intron provides speech-to-text and text-to-speech APIs designed for African accents and local languages, powering voice applications such as clinical ambient listening, medical dictation, judicial transcription, voice bots, and call center automation.

AI & Machine LearningData & InfrastructureEnterprise SoftwareHealthtech

Co-investorsOctopus VenturesPi CampusPlug and Play Ventures

Jamitjamit.fm

Jamit is an audio storytelling and podcasting platform with AI creation tools and token-based rewards for creators and listeners.

JamJarjamjargh.com

JamJar is a Ghana-based service company that helps clients design and implement events and concepts, drawing on local knowledge of the Ghanaian and African market and a network of suppliers.

Sector Agnostic

Frances Quarcoopome(Founder)in

LemFilemfi.comin𝕏Pre-Seed · Nov 2021 · $730K

LemFi provides financial services for immigrants relocating globally, enabling them to move money and access financial products across borders.

FintechLondon, GB

Ridwan Olalere(Founder)inRian Cochran(Founder)in

Co-investorsAjim CapitalEndeavor CatalystFlucas VenturesHighland EuropeHoaQLeft Lane Capital+5 more

Miniemoneyminiemoney.comin𝕏

MinieMoney is a banking and financial literacy app for teenagers and kids, letting them save, spend, and manage money with parental guidance.

ConsumerEdTechFintech

GBOLAHAN FANIRAN(Founder)in

Mirausemira.com𝕏Acquired

Mira is a cloud-based point-of-sale system designed for restaurants, bars, and hospitality venues of any size.

Enterprise SoftwareSaaS

Co-investorsAjim Capital

Nandi Labsnandilabs.comSeed · Aug 2022 · $800K

Washington, US

Chinedu Enekwe(Founder)

Noveknovek.io

Novek designs and develops IoT hardware and software aimed at removing single-use plastic from fast-moving consumer goods (FMCG) supply chains.

Circular EconomyHardwareIoT

Co-investorsFuture AfricaNairobi Business Angel NetworkSatganaTimon CapitalMusha Ventures

One Planoneplan.finance

Ghanaian fintech offering pensions, insurance and low-interest loans to working Africans via a mobile-first platform.

FintechCantonments, GH

Co-investorsTechstars

PaidHRpaidhr.comin𝕏

PaidHR offers a payroll product as part of an HR platform for managing employee compensation and payments.

FintechHR TechSaaS

Co-investorsAccionExpert DOJOAccion Venture LabChui VenturesZedcrest Capital

PaidHRpadehcm.comin𝕏

Nigerian HR tech company offering payroll, HRIS, compliance and earned wage access for African SMEs.

Co-investorsAccion Venture LabChui VenturesZedcrest Capital

Paycrestpaycrest.ioin𝕏Jan 2026 · $404K

Paycrest is a payment routing protocol that unifies fiat and stablecoin payments, offering onramp and offramp via a single Sender API and on-chain Gateway smart contracts, with automatic routing across a network of liquidity providers.

Crypto & Web3Developer ToolsFintech

Co-investorsHashed EmergentStarkware

Pennee Technologiespennee.coin𝕏

Nigerian fintech offering credit financing, wallets and business management tools to small and micro businesses.

FintechMiddletown, US

Mejero Emmanuella K.(Founder)in

Co-investorsFirst CircleTechstars

PharmaBusinessReviewpbrinsight.comin𝕏

PBR Life Sciences provides AI-powered analytics and market intelligence for healthcare organizations operating in emerging markets, particularly in Sub-Saharan Africa.

AI & Machine LearningData & InfrastructureHealthtechLondon, GB

Co-investorsTechstars

Prospagetprospa.comin𝕏

Prospa provides banking services tailored for small and medium-sized businesses.

FintechLondon, GB

Frederik Obasi(Founder)in

Co-investorsAirTree VenturesVibe CapitalWayfinder VenturesY CombinatorEarl Grey CapitalEntrée Capital+4 more

Proton Labsprotonlabs.tech

Proton Labs builds a suite of consumer products spanning productivity, AI, blockchain, fintech, skill-based gaming, entertainment, art, and media, aimed at reaching a broad mass-market user base.

AI & Machine LearningConsumerGaming

Oluwasesan Yackson(Founder)in

Raydarayda.coin𝕏

Rayda provides end-to-end device procurement, deployment, management, and lifecycle services for IT teams managing distributed workforces globally.

Developer ToolsEnterprise SoftwareFuture of WorkHR TechLewes, US

Co-investorsBeta.VenturesHoaQTechstarsVelocity Digital

Regtech Norebase Nigerianorebase.comin𝕏

Norebase operates a digital platform that helps founders, creators, and businesses handle the legal and compliance complexities of doing business across African markets.

FintechLegalTechSaaSBodmin, GB

Temitope Obanla(Founder)inTope O(Founder)

Co-investorsConsonance Investment ManagersHoaQLoftyInc CapitalVentures Platform

Riserisevest.com

Rise (Risevest) is a digital wealth manager giving African users access to dollar-denominated US stock, real estate and fixed income portfolios.

Co-investors4DX Ventures

Schoolableschoolable.co𝕏

Schoolable provides tuition financing for parents and fee collection services for private K-12 schools in Africa, allowing schools to receive a large portion of expected tuition within weeks of term start while parents repay in monthly installments.

EdTechLagos, NG

Henry Nnalue(Founder/CEO)inAngela Essien(Founder)in

Co-investorsFounders Factory AfricaTimon CapitalY CombinatorMusha Ventures

Sendboxsendbox.coinSeed · Oct 2021 · $1.8M

Sendbox is a logistics and delivery platform that enables local and international shipping for e-commerce sellers, social commerce merchants, and individuals.

B2B MarketplacesE-commerceEnterprise SoftwareLogistics & Supply ChainLagos, NG

Emotu Balogun(Founder)inOlusegun Afolahan(Founder)in

Co-investors4DX VenturesEnza CapitalFlucas VenturesKube VCTimon CapitalY Combinator+2 more

Shipbubbleshipbubble.comin𝕏

Shipbubble provides last-mile delivery and shipping logistics tools for ecommerce businesses, offering discounted courier rates, real-time tracking, bulk shipment uploads, and API integration to automate deliveries from checkout to returns.

E-commerceLogistics & Supply ChainSaaS

Ayodeji Abon(Founder)inJordan Ajibola(Founder)in

SmartComplysmartcomplyapp.com

Nigerian company offering an AI-driven cybersecurity, compliance, risk and fraud platform for African businesses.

Valerie Azubuike, ACIPM, PHRi(Founder)in

Spring in Africaspringinafrica.comin𝕏Pre-Seed · Aug 2018

A payment platform that enables custom payment links for bank transfers and cryptocurrency transactions, allowing users to send funds to wallets and purchase airtime.

Crypto & Web3FintechSaaSSan Francisco, US

John Oke(Founder)in

Co-investorsY Combinator

Stanbuildingstans.com

New York City, US

Denisha Kuhlor(Founder)in

Star Kitchens Grouporda.africain

Star Kitchens Group builds Orda, a cloud-based restaurant operating system and ePos for African food businesses.

Walnut, US

Co-investorsAjim CapitalEnza CapitalLoftyInc CapitalQuona CapitalTechstarsDFS Lab+1 more

Tembotemboplus.com

Tembo provides payment infrastructure APIs and banking services for fintechs, platforms, merchants, and enterprises to collect, store, and move money across African markets.

Enterprise SoftwareFintechSaaS

Co-investorsAjim CapitalHoaQIncisive VenturesGoodwater Capital

Termiitermii.comin𝕏

Termii provides infrastructure that uses AI to ensure critical transactions—including authentication, payments, checkouts, and fraud notifications—complete successfully, serving banks, fintech companies, e-commerce platforms, and other digital services globally.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareLagos, NG

Emmanuel Gbolade(Founder)inAyomide Awe(Founder)in

Co-investorsGobi PartnersHoaQTofino CapitalY CombinatorAcuity VenturesAfropreneur Angel Group+8 more

Other

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

AccounteerAllpro TechnologiesBloc (TechAdvance)ClimbHelicarrier (BuyCoins)Instagram LinkNorebaseOrda (SKG)PBR Life SciencesPenneePikaRaiseShardeumTix (Festival Coins)Treepz (prev Plentywaka)VestiWalletsZilla

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Microtraction made?
Microtraction has 84 tracked investments, 2 of which have exited, including 3 dated in the last 24 months.
What stage does Microtraction invest at?
Microtraction invests at the Pre-Seed, Seed, Series A stages.
What is Microtraction's typical check size?
Microtraction typically writes checks of $100K.
What sectors does Microtraction focus on?
Microtraction focuses on AI & Machine Learning, Creator Economy, Crypto & Web3, E-commerce, EdTech, Fintech, FoodTech, Gaming, Healthtech, InsurTech, Logistics & Supply Chain, Mobility & Transportation, Sector Agnostic, Sports Tech.
Where is Microtraction located?
Microtraction is headquartered in Lagos, NG.
Does Microtraction lead rounds?
Yes, Microtraction leads investment rounds.
Who does Microtraction co-invest with?
Microtraction most often shares deals with Techstars, Y Combinator, HoaQ, among 52 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Episode 4 With Yele Bademosi - Founder Bundle Africa & Founding Partner, Microtraction

Future Africa · Yele Bademosi

What Edtech Needs To Succeed | Lightning Talk by Dayo Koleowo, Partner, Microtraction | TC Townhall

TechCabal · Dayo Koleowo

Images

Microtraction photoMicrotraction photo

Co-investors · 7

Liquid Ventures

Liquid 2 is an early- and growth-stage venture capital firm that invests in founders across all sectors of technology, providing capital along with support from a network of operators.

Both backed · 2
ProspaAO Labs
$250K – $5M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
Trajectory Ventures

Trajectory Ventures invests in and partners with innovative founders and companies driving digital transformation, while also providing advisory, growth marketing, financing strategy, and M&A support.

Polygon

Polygon is a blockchain platform positioned as infrastructure for global payments and money movement, enabling assets to move onchain at scale. It offers an open stack for accessing the onchain economy and is powered by its native token $POL.

IVC

IVC is a venture capital firm that has made over 200 investments across Web3, gaming, digital entertainment, AI, infrastructure, and fintech.

$480K – $9M
Basis Set Ventures

Basis Set Ventures is an AI-native venture firm that uses a modern machine learning stack and foundation models to find and support AI companies, positioning itself as a hands-on partner to founders.

$1M – $3M
Faction

Faction is an early-stage venture firm that invests in disruptive crypto and blockchain projects, backing founders at Seed and Series A across both equity and tokens.

$50K – $5M

Firms observed investing alongside Microtraction, from public investor directories. Shared companies are the overlap with Microtraction's recorded portfolio.

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