Nigerian gender-lens fund backing women-led businesses
An early growth-stage impact fund based in Lagos investing in businesses that are women-led or that serve women as a primary market.
Use when
You are a woman-led Nigerian business with revenue, or your product primarily serves women customers.
Skip when
You are a venture-stage technology company. This is growth capital for businesses already trading at scale, and the gender mandate is a real screen rather than a preference.
Status (24 Sep 2026): raising Fund II, targeting US$50 million with a US$60 million hard cap, and the IFC has committed up to US$8 million plus a US$3 million blended-finance co-investment. Cheques of roughly US$1 million to US$3 million into growth-stage SMEs in West Africa, across healthcare, consumer goods, fintech and cleantech. Founded in 2019 by Adesuwa Okunbo Rhodes and deliberately aimed at the gap where a company is too large for angels and too small for traditional private equity, with a female-led and gender-diverse mandate.
