Oui Capital Launches $30M Fund to Back African Startups in Key Regions

A bold new fund is set to transform Africa's startup landscape. With $30M in backing, Oui Capital eyes scalable solutions to the continent's toughest challenges.

, and Administrator

2026 March 16 . 7:01 AM

1 min read

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Oui Capital Launches $30M Fund to Back African Startups in Key Regions

Oui Capital, a venture capital firm targeting African startups, has launched its second fund, Oui Capital Mentors Fund II. The new fund has already secured $30 million from global investors, aiming to support early-stage businesses across North Africa and Francophone Africa.

Founded in January 2019, Oui Capital was created to fill the early-stage funding gap in Africa's startup scene. Its first fund backed 18 companies in sectors like enterprise software, e-commerce, healthcare, logistics, and fintech. Notable investments included TeamApt, Duplo, Akiba Digital, and Ndovu.

The latest fund will provide initial checks of up to $750,000, with additional reserves for follow-on investments. It also aims to help founders build scalable businesses that address key challenges in the region. Among the backers are prominent African investors such as Idris Alubankudi, Gbenga Oyebode, and Tosin Eniolorunda. International investors have also joined the fund, including Angur Nagpal's Vibe Capital, D Global Ventures, One Way Ventures, and Ground Squirrel Ventures. Partners from Foundry Group—Brad Feld, Seth Levine, and Ryan McIntyre—are also contributing to the new fund. While Oui Capital's first fund supported startups across Africa, the exact number of investments in North Africa and Francophone Africa remains unspecified.

The $30 million fund will focus on early-stage startups in North Africa and Francophone Africa. Initial investments of up to $750,000 will be available, with further support for promising businesses. The firm's goal is to drive scalable solutions to some of the continent's biggest challenges.