Lagos-based early-stage VC for African tech founders
Oui Capital is a Lagos-based early-stage VC fund investing in African tech founders at pre-seed and seed stage. Invests around US$400K to US$750K initially, and as much as US$1M across two rounds, at pre-seed and seed. Portfolio includes Vendease, Edukoya, and Nomba. Known for being founder-first and moving quickly on investment decisions. Strong West Africa network with a particular focus on Nigeria and Ghana.
Use when
You're a West African founder raising a pre-seed or seed round and want a local investor known for speed and founder empathy.
Skip when
You want a small first cheque. Fund II writes at a size that expects a real round forming around it, and the firm has been openly critical of the state of African VC, so expect scrutiny.
Status (24 Sep 2026): deploying the Mentors Fund II, a US$30 million fund whose first close was a little over US$11 million. Average cheque around US$400,000 to US$500,000, up to US$750,000 initially and as much as US$1 million across two rounds, at pre-seed and seed. Ten times the cheque size of its first fund. Notable track record: Fund I was returned by Moniepoint's unicorn round alone. Active in Nigeria, Kenya, Senegal and South Africa.
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