Janngo Capital

Janngo Capital is a pan-African venture capital firm dedicated to building, growing, and investing in digital champions across the continent. The firm leverages technology and capital to address key market failures and achieve the Sustainable Development Goals, with a particular emphasis on empowering women and youth. Operating under a full Alternative Investment Fund Management license, Janngo Capital has main offices in Abidjan and Paris, and has made over 30 investments in 21 startups across 14 countries. Its portfolio companies span sectors such as healthcare, logistics, financial services, retail, food & agribusiness, mobility, and creative industries, generating several billion dollars in transactions annually and creating more than 20,000 jobs. Notable investments include Sabi, a woman-led Nigerian B2B platform, and Expensya, a leading fintech company. In October 2024, Janngo Capital closed its second fund at $78 million, exceeding its initial target by 20%, marking it as Africa's largest gender-equal tech VC fund. The fund attracted support from anchor investors like the African Development Bank Group and the European Investment Bank, as well as new investors such as the Mastercard Foundation Africa Growth Fund, Tunisian fund of funds ANAVA, and the endowment fund of Ghana’s Ashesi University. This fundraising underscores the confidence in Janngo Capital's team and track record, highlighting its commitment to fostering inclusive economic development in Africa through strategic investments in high-growth sectors. The firm's investment thesis prioritizes gender-diverse teams, reflecting Africa’s high rate of female entrepreneurship, and aims to showcase the viability of African tech startups on the global stage. With the close of its second fund, Janngo plans to support an additional 10 to 15 companies over the next five years, bringing its expected portfolio to 25-40 startups. The firm invests between €150,000 and €5 million in startups operating in sectors such as healthcare, logistics, financial services, retail, agritech, mobility, and the creator economy, with a focus on solving key market failures and creating sustainable jobs, particularly for women and youth. Janngo Capital's approach combines financial returns with tangible social impact, aiming to accelerate gender equality and economic development across the continent. Its portfolio companies have expanded into over 20 countries, generating significant economic activity and employment opportunities. The firm's success is exemplified by its investment in Sabi, which has grown to over 250,000 registered users and generates more than $1 billion in gross merchandise volume annually, and its successful exit from Expensya, achieving an average internal rate of return of 48%. These achievements highlight Janngo Capital's effective strategy in identifying and nurturing high-potential startups that contribute to Africa's economic growth and social development.

Janngo Capital's commitment to gender equality is evident in its portfolio, with 56% of its companies founded or led by women. This focus aligns with the firm's belief that venture capital is a powerful tool to achieve gender equality and that entrepreneurship is a critical engine for job creation, especially for women and youth. The firm's dedication to inclusive growth is further demonstrated by its recognition at the Africa CEO Forum in 2023, where it won the Gender Equality Award for having 56% of its portfolio companies founded, co-founded, or benefiting women, and 91% of its portfolio companies complying with 2X criteria. This recognition underscores Janngo Capital's role as a leading force in promoting gender equality and social impact through strategic investments in Africa's burgeoning startup ecosystem.

Through its strategic investments and commitment to inclusive growth, Janngo Capital continues to play a pivotal role in shaping Africa's entrepreneurial landscape, fostering innovation, and driving sustainable economic development across the continent.