TLcom Capital
Venture capitalNairobi · Seed–Growth · 30 people tracked
Also known as TLcom Capital LLP
Investment thesis
TLcom Capital backs Africa's leading founders, providing capital from early-stage seed investments through to growth-stage funding. The firm seeks conviction in companies early and continues to support them as they scale, focusing on technology-driven businesses building solutions for the African market across sectors such as fintech, insurtech, HR technology, logistics and education.
Source: firm website, verified Aug 3, 2026.
Team · 30 people
from the firm's website & curated & public directories
What they invest in
from 21 of 37 portfolio companiesFintech ×11Enterprise Software ×7AI & Machine Learning ×6SaaS ×4Crypto & Web3 ×3HR Tech ×3Logistics & Supply Chain ×3AdTech ×2
HQs:Nigeria×6United States×3Egypt×2South Africa×1
Who they back
founder profiles across 7 portfolio companiesWhere their founders studiedfrom 10 founders with education data
Stanford University Graduate School of Business ×3Olabisi Onabanjo University ×2The American University in Cairo ×2University of Lagos ×2
Accelerator rootsportfolio companies that came through a program
Investments · 37 tracked
founders shown can be your intro pathBy year:2026 · 22022 · 12018 · 14 dated
Cuebiq provides location intelligence and footfall measurement tools that help brands, agencies, and research institutions analyze how people move and shop in the real world.
AdTechData & InfrastructureMarketing TechNew York, US
Antonio Tomarchio(Executive Officer, Director)Marco A. DeMeireles(Director)Ashwin Gupta(Director)Richard Belluzzo(Director)John McEvoy(Director)
BoardBrian Hirsch(Director)
Board seatMaurizio Caio· per SEC Form D · $32.8M raise · filed May 2018
Co-investorsAnsa CapitalARC Angel FundElevate Innovation PartnersTribeca Venture PartnersDRW Venture CapitalNasdaq Ventures
Middletown, US
Matthieu Marchand(Director)
BoardBrandon Roberts(Executive Officer, Director)Neha Kumar(Executive Officer, Director)
Board seatMaurizio Caio· per SEC Form D · $9.5M raise · filed Mar 2026
Vendease is a B2B food and beverage supply marketplace for restaurants, hotels, caterers, and other food service operators in Lagos, Nigeria.
B2B MarketplacesE-commerceEnterprise SoftwareFoodTechLogistics & Supply ChainLagos, NG
Tunde Kara(Founder)inGatumi Aliyu(Founder)inOlumide Fayankin(Founder)inWale Oyepeju(Founder)inOlatunde Kara(Executive Officer, Director)Olumide Fayankin 🐜(Founder)in
Board seatAndreata Muforo· per SEC Form D
Co-investorsFlucas VenturesGFR FundKube VCY CombinatorGlobal Founders CapitalPartech Ventures
Co-investorsChaos VenturesMaC Venture Capital
Andela connects global technologists with enterprise opportunities and serves as a platform for hiring, building AI systems, and upskilling teams.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkHR TechWashington, D.C., US
Jeremy Johnson(Founder)inIyinoluwa Aboyeji(Founder)Nadayar Enagesi(Founder)Brice Nkengsa(Founder)Ian Carnevale(Founder)Christina Sass(Founder)in
Co-investors4DX VenturesAccelerate AfricaAir Street CapitalAmplo VenturesCRE Venture CapitalDBL Partners+23 more
Zone is a regulated blockchain network that enables payments and acceptance of digital currencies, operating as a blockchain-based payment infrastructure company.
Crypto & Web3Data & InfrastructureFintech
Co-investorsCapria VenturesUnicorn Growth VenturesV8 Capital Partners
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 CapitalLateral CapitalMSA Novo+5 more
FairMoney is a digital banking platform offering personal loans, asset finance, savings products, and banking services for individuals and businesses.
Fintech
Co-investorsFlourish VenturesTiger Global Management
FirstCheck Africa is an early-stage venture capital fund making pre-seed and seed investments in technology-driven African startups with at least one female founder or co-founder.
Flextock provides a fulfillment and logistics platform that manages warehouse operations, order consolidation, and cross-border expansion for e-commerce businesses.
E-commerceEnterprise SoftwareLogistics & Supply ChainSaaSCairo, EG
Mohamed Mossaad(Founder)inEnas Siam(Founder)in
Co-investorsAlter GlobalBY Venture PartnersCapria VenturesFoundation VenturesMSA NovoY Combinator+3 more
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 VenturesMicrotractionTimon CapitalFlourish VenturesMusha Ventures+1 more
Co-investorsDigital Currency GroupEnza Capital
Ilara Health provides primary care and community medical clinics across Africa with tools to deliver care, including financing for diagnostic equipment and medicines and software to digitize clinic operations.
Digital HealthHealthtechMedical Devices
Co-investorsAngaza CapitalCapria VenturesPerivoli InnovationsVillgro AfricaChandaria CapitalDOB Equity+2 more
Co-investorsCubit Ventures
Co-investorsBeta.VenturesConsonance Investment ManagersDigital Currency GroupFirstCheck Africa
Kobo360 operates a platform connecting manufacturers and cargo owners with truck operators for freight movement across Africa, using data analytics and AI to optimize routing, reduce delivery inefficiencies, and provide supply chain visibility.
Enterprise SoftwareLogistics & Supply ChainLagos, NG
Ife Oyedele II(Founder)inObi Ozor(Founder)inOzor Obiora Mathias(Executive Officer, Director)
BoardOlawale Ayeni(Director)Omobola Johnson(Director)inNdubuisi Ekekwe(Director)
Co-investorsThe Raba PartnershipV8 Capital PartnersY CombinatorMusha Ventures
Co-investorsFirstCheck Africa
Pastel is an agentic AI platform that automates banking operations workflows including customer due diligence, fraud detection, AML screening, and executive insights for regulated banks.
AI & Machine LearningEnterprise SoftwareFintech
Co-investorsThe MBA FundUlu VenturesDFS Lab
Pula Advisors provides index-based and indemnity-based agricultural insurance and data solutions that protect smallholder farmers and pastoralists against climate risks, with tools for yield-based payouts, EUDR export traceability, and geospatial farm analytics.
AgTechClimate TechInsurTech
Co-investorsAccionMulago FoundationBill & Melinda Gates FoundationIFC
SeamlessHR provides an all-in-one HR software platform covering recruitment, onboarding, payroll, performance, time management, and employee benefits for businesses.
FintechHR TechSaaS
'Deji Lanain
Co-investorsArgonautic VenturesCapria VenturesConsonance Investment ManagersEnza CapitalHelios Digital VenturesIngressive Capital+5 more
Shara provides collateral-free business loans to small and medium business owners in Nigeria, offering working capital to help them stock inventory and grow.
Fintech
Co-investorsCanaan PartnersEnza CapitalMusha VenturesNorrsken22Scribble VenturesTimon Capital
Edda is an end-to-end software platform for venture capital and private equity firms that centralizes the investment process from deal origination to exit, combining dealflow and portfolio management.
AI & Machine LearningFintechSaaS
Co-investorsEIT Urban Mobility AcceleratorPanache VenturesPre-Seed to SucceedRadix VenturesSagona Capital, Inc.Satgana+1 more
Cairo, EG
Tarek Mokhtar(Founder)Ahmad Mokhtar(Founder)inSasan Hezarkhani(Founder)in
Co-investorsAccelFoundation VenturesThe Raba Partnership
Talstack is a learning and performance management platform that offers expert-led courses, custom content uploads, learning analytics, company-wide goal setting, 360° performance reviews, feedback, and surveys.
EdTechHR TechSaaS
Co-investorsVelocity DigitalVentures Platform
Terragon provides a customer data platform, Terragon Marketing Cloud (TMC), that unifies customer profiles and applies AI-driven analytics to help businesses segment audiences, personalize campaigns, and run omnichannel marketing.
AdTechAI & Machine LearningMarketing Tech
Co-investorsLoftyInc CapitalVestedWorld
TurnStay provides payment processing and global finance infrastructure for African travel businesses, helping them reduce booking fees and transaction costs through a platform offering multiple currency options and lower payment processing rates.
B2B MarketplacesFintechTravel & Hospitality
Alon Stern(Founder)in
Co-investorsCV VCDigital Currency GroupEnza CapitalFirst CircleIncisive VenturesDFS Lab
Co-investorsBlue Haven InitiativeThe Raba PartnershipMusha Ventures
Jabi, Abuja
Shola Adekoya(Director)Victor Patterson(Director)Simdul Shagaya(Executive Officer, Director)
BoardIdo Sum(Director)in
Co-investorsOwl VenturesRoble 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)
Co-investorsAlter GlobalCapria VenturesDigital Currency GroupLateral CapitalTimon CapitalTofino Capital+1 more
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.
Portfolio news
latest coverage across their companiesAndela · en.wikipedia.org · Jul 21, 2026
Fairmoney · finance.yahoo.com · Feb 23, 2026
Flextock · logupdateafrica.com · Feb 23, 2026
Terragon Group · bitscale.ai · Dec 4, 2025
Ilara Health · launchbaseafrica.com · Sep 25, 2025
HoneyCoin · fintechfutures.com · Aug 15, 2025
Vendease · techcrunch.com · Mar 18, 2025
Kobo360 · dabafinance.com · Mar 5, 2025
Principals & officers · per Companies House
what is this? ⓘLLP member · since 2006
LLP member · since 2022
Maurizio Caio — significant influence or control limited liability partnership
Frequently asked questions
- How many investments has TLcom Capital made?
- TLcom Capital has 34 tracked investments, including 1 dated in the last 24 months.
- What stage does TLcom Capital invest at?
- TLcom Capital invests at the Seed, Series A, Series B, Growth stages.
- What is TLcom Capital's typical check size?
- TLcom Capital typically writes checks of $500K – $10M.
- What sectors does TLcom Capital focus on?
- TLcom Capital focuses on Crypto & Web3, EdTech, Fintech, HR Tech, InsurTech, Logistics & Supply Chain, Sector Agnostic.
- Where is TLcom Capital located?
- TLcom Capital is headquartered in Nairobi, KE.
- Does TLcom Capital lead rounds?
- Yes, TLcom Capital leads investment rounds.
- Who does TLcom Capital co-invest with?
- TLcom Capital most often shares deals with Capria Ventures, Enza Capital, Digital Currency Group, among 76 tracked co-investors.
From the blog
visit blog ↗TLCOM has written about the maturation of Africa's tech ecosystem, highlighting how improved infrastructure, talent development, and regulatory clarity are creating compounding advantages, alongside a case study of uLesson's pivot from K-12 education to online higher education in response to market conditions. AI summary
Media · Podcasts & interviews
featuring the teamInvesting for Inclusive Tech-Enabled Growth: Dr Omobola Johnson, TLcom Capital #AVCA2025
AVCA · Omobola Johnson
Define Your Future with Omobola Johnson - Partner, TLcom Capital
LagosBusinessSchool · Omobola Johnson
Building Africa's Technology Ecosystem with Omobola Johnson (TLcom Capital) and Elo Umeh... | TechCrunch
Omobola Johnson · techcrunch.com
Building Africa's Technology Ecosystem with Omobola Johnson (TLcom Capital) and Elo Umeh... | TechCrunch
Omobola Johnson · techcrunch.com
Africa is Compounding. The New TLCOM: A Pan-African VC Fund Backing Africa’s Next Global Founders.
TLCOM Capital
The Journey of 100+ Founders: Takes from Maurizio Caio on the Future of African Female Founders
TLCOM Capital
Images
Co-investors · 14
Flourish Ventures is a global early-stage fintech fund that backs founders building and reshaping financial services and systems.
Founder Collective is a seed and pre-seed stage venture capital firm that invests across sectors, describing itself as sector agnostic and anti-thematic.
Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.
Partech is a global investment firm that backs founders across multiple continents and at every stage through dedicated teams and funds.
Tribeca Venture Partners is a New York-based venture capital firm that backs early-stage founders using emerging technologies to build category-defining companies.
Owl Ventures is a Silicon Valley-based venture capital firm with over $2 billion in assets under management that invests in education technology companies serving PreK-12, higher education, career mobility, and professional learning sectors. The firm also invests in companies at the intersection of education technology and other industries.
Endeavor is a global nonprofit network supporting high-impact entrepreneurs across 45+ markets, and operates Endeavor Catalyst, a rules-based co-investment fund that invests in the same entrepreneurs Endeavor supports.
DBL Partners is an impact venture capital firm that invests in companies aiming to deliver top-tier venture returns while generating positive social, environmental, and economic benefits.
Nasdaq Ventures invests in early and growth-stage companies in financial services and related technologies. The program operates globally and prioritizes ventures that advance market infrastructure and digital finance innovation.
Susa Ventures operates two early-stage technology funds that invest in companies leveraging data, network effects, and economies of scale.
TCG (formerly The Chernin Group) is an investment firm that backs platforms and brands shaping culture, focused on sports, media, and content businesses with strong brand identities and loyal fan communities.
A fund focused on quantum-inspired technology investments.
▶2 more co-investors
Firms observed investing alongside TLcom Capital, from public investor directories. Shared companies are the overlap with TLcom Capital's recorded portfolio.
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