Fundraising Fox

Microtraction

Venture capital

Lagos · Pre-Seed–Series A · 11 people tracked

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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
Tracked investments
77

Team · 11 people

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

What they invest in

from 47 of 77 portfolio companies

Fintech ×25Enterprise Software ×10SaaS ×10AI & Machine Learning ×8Consumer ×7Crypto & Web3 ×6Data & Infrastructure ×6E-commerce ×5

HQs:Nigeria×14United States×9United Kingdom×6Canada×2Ghana×2

Who they back

founder profiles across 15 portfolio companies
40%
solo founders
6 of 15 mapped founding teams

Founding team size:solo founder×62 founders×9

Accelerator rootsportfolio companies that came through a program

Techstars ×11Y Combinator ×8

Investments · 77 tracked

founders shown can be your intro path

By year:2024 · 12021 · 12 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)Ama Larbi Siaw(Co-founder & Chief People Officer)Ama Larbi-Siaw(Co-Founder)Dr. 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

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

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)Praise Philemon(Co-founder, Head of Revenue)

Bloc (TechAdvance)

Helps fintechs and large organizations rapidly deploy fintech applications and products.

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.comin𝕏

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

Climbheyclimb.com
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)

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.coin𝕏

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.africa

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

Get Equitygetequity.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)Temitope Ekundayo(Head Of Growth and Partnerships)Chigozirim Ugochukwu(Chief Operating Officer)

Co-investorsTechstars

Gradelygradely.ngin𝕏

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 provides digital working capital financing for informal retailers and SME suppliers, offering fast and flexible loan disbursement.

Fintech

Co-investorsThe Baobab Network

Helicarrier (BuyCoins)

Cryptocurrency infrastructure offering buycoins, sendcash, and sendcash pay.

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 VenturesTimon CapitalTLcom CapitalFlourish VenturesMusha Ventures+1 more

HustleSasahustlesasa.comin𝕏

HustleSasa provides tools for planning and running live entertainment events, serving artists, creators, and event organizers across Africa.

Creator EconomyE-commerceMedia & Entertainment

Peng Chen(Founder)in

Co-investorsDFS LabMusha Ventures

Instagram Linkblochq.io

Co-investorsKube VCTimon CapitalVentures Platform

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.ioin𝕏

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 Campus

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.comin𝕏

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 family finance app that lets parents manage savings and investments for their children through a parent-controlled Kids Account, with features like KoloSave interest-bearing savings and embedded financial education for kids and teens.

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

Norebase

Digital platform to launch and expand a business into every African country.

Co-investorsConsonance Investment ManagersHoaQVentures Platform

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

Orda (SKG)Acquired

Enables restaurant operators and caterers across Africa to grow their digital presence.

PaidHRpaidhr.comin𝕏

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

FintechHR TechSaaS

Co-investorsAccionExpert DOJO

PaidHRpadehcm.comin𝕏

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

Paycrestpaycrest.ioin𝕏

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

PBR Life Sciences

Transforming healthcare with big data and AI.

Pennee

Solves cash flow problems for small businesses via credit financing.

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

Pikapika-world.org
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+2 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

Raisegetraise.io

Co-investorsOyster VenturesXG Ventures

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 provides business incorporation, trademark registration, and regulatory compliance services for companies expanding across Africa, the USA, UK, BVI, and parts of Europe.

FintechLegalTechSaaSBodmin, GB

Temitope Obanla(Founder)Tope 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.coin

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+1 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Microtraction made?
Microtraction has 75 tracked investments, including 1 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

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
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.

$250K – $5M
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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