Nigerian VC firm Venture Garden Group has launched GreenHouse Capital, which it claims is the largest fintech investment fund by portfolio size in Sub-Saharan Africa.
GreenHouse Capital currently has 13 portfolio companies, including Max.ng, Talentbase, Tutor.ng, Prepclass and Flutterwave.
The goal of Venture Garden Group’s newly spun-out investment vehicle is to provide early-stage high-growth technology startups with investments and support infrastructure.
“The premise behind our investments is that we think local, but it’s all about scaling globally,” said founding partner Bunmi Akinyemiju.
GreenHouse Capital managing partner, Nichole Yembra said it was important to have an Africa-based fund support the dreams of brilliant Nigerians.
Dr Yemi Dipeolu, special adviser to Nigerian president Muhammadu Buhari, also spoke at the launch event, saying GreenHouse Capital’s stated goal of filling the funding and advisory gap for young entrepreneurs was very much in line with the government’s agenda.