Voltron Capital logo

Voltron Capital

Africa, Lagos, Nigeria, Lagos

Description

Voltron Capital is a prominent venture capital firm based in Lagos, Nigeria, established in 2021 by managing partner Olu Oyinsan and general partner Gbenga Ajayi. The firm was founded with a clear mission to support and scale early-stage technology startups across Africa, focusing primarily on the continent's burgeoning digital economy. Voltron Capital has quickly positioned itself as a key player in the African startup ecosystem, leveraging its deep understanding of local markets and strong network to identify promising ventures.

The firm's investment strategy is centered on pre-seed and seed-stage companies that are building innovative solutions to address critical challenges in Africa. Voltron Capital typically invests between $20,000 and $100,000 in its initial cheques, targeting startups with strong founding teams, scalable business models, and significant market potential. Their sector agnostic approach allows them to back diverse companies, though they have shown particular interest in areas like fintech, logistics, healthcare, and proptech, which are experiencing rapid growth and transformation across the continent.

Since its inception, Voltron Capital has demonstrated a robust investment pace. The firm launched with an initial fund size of $3 million, which it has strategically deployed to build a comprehensive portfolio. As of recent reports, Voltron Capital has invested in over 30 startups, contributing significantly to the development and expansion of the African tech landscape. Their commitment extends beyond capital, often providing strategic guidance and operational support to help their portfolio companies achieve product-market fit and scale across multiple African markets.

Investor Profile

Voltron Capital has backed more than 29 startups, with 1 new investments in the last 12 months alone. The firm has led 1 rounds, about 3% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Pre Seed, Seed, Angel rounds (top funding stages).
  • Majority of deals are located in Nigeria, United States, Canada.
  • Strong thematic focus on Financial Services, FinTech, Payments.
  • Typical check size: $20K – $100K.

Stage Focus

  • Pre Seed (76%)
  • Seed (21%)
  • Angel (3%)

Country Focus

  • Nigeria (41%)
  • United States (21%)
  • Canada (14%)
  • United Kingdom (7%)
  • Senegal (3%)
  • Spain (3%)
  • Rwanda (3%)
  • Kenya (3%)
  • Côte d'Ivoire (3%)

Industry Focus

  • Financial Services
  • Fintech
  • Payments
  • Finance
  • Information Technology
  • Cryptocurrency
  • B2b
  • Blockchain
  • Software
  • Edtech
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Voltron Capital frequently co-invest with?

Emergence Capital
Africa, Lagos, Nigeria, Lekki
Co-Investments: 3
Co-Creation Hub Nigeria
Africa, Lagos, Nigeria, Lagos
Co-Investments: 3
Kaleo Ventures
North America, Texas, United States, Dallas
Co-Investments: 4
Ventures Platform
North America, Prince Edward Island, Canada, Victoria
Co-Investments: 13
Greencap Equity
Africa, Lagos, Nigeria, Lekki
Co-Investments: 3
H
Europe, Dublin, Ireland, Dublin
Co-Investments: 6
MAGIC Fund
North America, California, United States, Los Angeles
Co-Investments: 5
Ingressive Capital
Africa, Lagos, Nigeria, Lagos
Co-Investments: 4
Microtraction
Africa, Lagos, Nigeria, Lagos
Co-Investments: 5
LoftyInc Capital
Africa, Lagos, Nigeria, Ikeja
Co-Investments: 4

Which angels does Voltron Capital often collaborate with?

Dimeji Sofowora
Africa, Nigeria
Shared Deals: 3
Olugbenga Agboola
Africa, Nigeria
Shared Deals: 6
AO
North America, California, United States, San Francisco
Shared Deals: 3
Shared Deals: 2
Edmond Olotu
Africa, Nigeria
Shared Deals: 3
Abdul Hassan
Africa, Lagos, Nigeria, Lagos
Shared Deals: 3
CO
Africa, Nigeria
Shared Deals: 3
SA
North America, California, United States, San Francisco
Shared Deals: 3
EE
North America, South Carolina, United States, Columbia
Shared Deals: 3
Prosper Otemuyiwa
Africa, Nigeria
Shared Deals: 3

What are some of recent deals done by Voltron Capital?

Lingawa

New York, New York, United States

Lingawa is an edtech company driven by the goal to provide access to a great education for all

EdTech
Pre SeedNov 18, 2024
Amount Raised: $1,100,000
Maad

Dakar, Dakar, Senegal

Maad is a B2B marketplace for Francophone Africa

B2BE-Commerce PlatformsInformation TechnologyMarketplaceWholesale
SeedMay 13, 2024
Amount Raised: $2,300,000
ZeroComplex AI

Lewes, Delaware, United States

ZeroComplex AI develops Artificial Intelligence workflow that intends to revolutionize business operations with simplified AI integration.

Artificial Intelligence (AI)Information TechnologyInternet
Pre SeedJan 5, 2024
Bujeti

Lagos, Lagos, Nigeria

Bujeti is a web and mobile app for issuing smart physical and virtual corporate cards to make bank transfer payments.

B2BFinancial ServicesFinTechPayments
SeedDec 7, 2023
Amount Raised: $2,000,000
Clafiya

Lagos, Lagos, Nigeria

Clafiya connects patients to health practitioners to provide fast and affordable on-demand primary care services in Africa.

Health CareHospitalPrimary and Urgent Care
Pre SeedJul 25, 2023
Amount Raised: $610,000
Kunda Kids

London, England, United Kingdom

Kunda Kids is a children's publishing and media studio providing diverse children's books, animations, and digital learning resources.

AnimationChildrenDigital MediaEdTechPublishing
Pre SeedMay 23, 2023
Amount Raised: $700,000
Payday

Vancouver, British Columbia, Canada

Payday is a fintech platform that offers global payment solutions such as virtual mastercards and foreign employee payments.

FinanceFinancial ServicesFinTechPayments
SeedMar 29, 2023
Amount Raised: $3,000,000
Fez

Lagos, Lagos, Nigeria

Fez offer a full range of delivery solutions.

DeliveryLogisticsSupply Chain ManagementTransportation
SeedMar 28, 2023
Amount Raised: $1,000,000
Talstack

Lagos, Lagos, Nigeria

Talstack is a subscription-based talent management platform.

Corporate TrainingE-LearningHuman ResourcesSaaS
Pre SeedMar 10, 2023
Amount Raised: $850,000
SunFi

Lagos, Lagos, Nigeria

SunFi tech solution help people access solar energy with installation and payment plans.

EnergySolar
SeedFeb 3, 2023
Amount Raised: $2,325,000