Oui Capital

Oui Capital is a prominent early-stage venture capital firm dedicated to fostering technological innovation across the African continent. Founded by Olumide Soyombo, a co-founder of the successful fintech company Paystack, Oui Capital leverages deep regional insights and an extensive network to identify and support promising startups. The firm's investment thesis centers on empowering founders who are building scalable solutions to address critical challenges and opportunities within Africa's rapidly evolving digital economy.

Oui Capital has demonstrated significant fundraising success, having closed two funds to date. Their initial fund, Fund I, successfully raised $5 million in 2020, providing crucial early capital to a select group of African ventures. Building on this momentum, the firm announced the close of its second fund, Fund II, at $30 million in June 2023. This substantial increase in capital underscores investor confidence in Oui Capital's strategy and the growth potential of the African tech ecosystem, bringing their total assets under management to approximately $35 million.

The firm's investment strategy is broad yet focused, targeting tech-enabled companies primarily in Seed to Series A stages. Oui Capital actively seeks opportunities across key sectors including fintech, logistics, mobility, healthcare, education, e-commerce, and enterprise software. To date, Oui Capital has invested in over 26 companies spanning at least seven African countries, showcasing a diverse portfolio. For their initial investments, Oui Capital typically deploys checks ranging from $250,000 to $1.5 million, often reserving capital for follow-on rounds to support their portfolio companies through subsequent growth phases.