TLcom Capital

TLcom Capital is a venture capital firm with offices in London, Lagos, and Nairobi, focusing on early to growth-stage technology companies across Africa, Europe, and the US. The firm manages total commitments of approximately $300 million through dedicated investment vehicles, primarily targeting companies in Africa. Their investment themes include access to data services, financial services, eCommerce, B2C applications (such as health, education, energy, media, and entertainment), and software solutions for corporates and SMEs.

The firm's investment strategy emphasizes identifying, backing, and assisting world-class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property, and deep market knowledge. TLcom Capital has a history of supporting tech entrepreneurs since 1999, with a portfolio that includes companies like Andela, uLesson, Pula, Ilara Health, Autochek, and Shara.

In April 2024, TLcom Capital closed its second fund, TIDE Africa Fund II, at $154 million, focusing on early-stage startups across Africa. The fund attracted participation from over 20 limited partners, including the European Investment Bank (EIB), Visa Foundation, Bertelsmann, and AfricaGrow, a joint venture between Allianz and DEG Impact. The firm maintains a majority-female partnership and investment committee, with three out of five partners being women.

TLcom Capital's commitment to the African tech ecosystem is evident through various initiatives, including a publicly available investor database, a curated mentorship platform, a CEO Summit, and a program to support female tech entrepreneurs. The firm's goal is to work with African entrepreneurs to generate significant value for the continent, their companies, their communities, and their investors, thereby attracting more capital and opportunities to the continent.