Fundraising FoxTony Elumelu Foundation
FoundationLagos · Pre-Seed–Seed · 2 people tracked
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Investment thesis
The Tony Elumelu Foundation champions youth entrepreneurship across Africa as a driver of poverty eradication, job creation, and inclusive economic empowerment. Its mission is rooted in Africapitalism, the belief that the private sector and entrepreneurs are the catalysts for the social and economic development of the continent. Through its Entrepreneurship Programme, TEF selects entrepreneurs with high-potential business ideas across all 54 African countries, providing non-returnable seed capital of $5,000 each, business management training, and mentorship via its TEFConnect digital platform. Since 2015 the Foundation has funded more than 27,000 young Africans, disbursing up to $135 million in seed capital, and contributes to the 17 UN Sustainable Development Goals.
Source: firm website, verified Sep 27, 2026.
Team · 2 people
from the firm's website
Investments · 2 tracked
founders shown can be your intro pathSocial tool connecting people to fitness events to encourage regular exercise.
Co-investorsCo-Creation Hub (CcHUB)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
TEF CONNECT
Frequently asked questions
- What stage does Tony Elumelu Foundation invest at?
- Tony Elumelu Foundation invests at the Pre-Seed, Seed stages.
- What is Tony Elumelu Foundation's typical check size?
- Tony Elumelu Foundation typically writes checks of $5K.
- What sectors does Tony Elumelu Foundation focus on?
- Tony Elumelu Foundation focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Energy, Impact & Social Good, Sector Agnostic.
- Where is Tony Elumelu Foundation located?
- Tony Elumelu Foundation is headquartered in Lagos, NG.
Media · Podcasts & interviews
from their channel2026 IYBA WE4A Information Session - Seed Capital Phase
The Tony Elumelu Foundation
From One Team Member to 20,000+ Customers: How 2019 TEF Alumni Winfred Akelo Built Hello Laundry
The Tony Elumelu Foundation
How a $5,000 Helped Build Uganda's First Online Bus Ticketing Startup | Hakiza Ronald
The Tony Elumelu Foundation
Relive the 2026 TEF Selection Announcement | Africa's Entrepreneurs of the Future
The Tony Elumelu Foundation
From Seed Funding to AI Education: Mago Hasfa’s Literacy Impact in Uganda #TEFimpact
The Tony Elumelu Foundation
Business Operations and Process Optimization
The Tony Elumelu Foundation
Images
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