Africa: Oui Capital, a Pan-African Early-Stage VC Firm, Hits First Close of Its $30m Second Fund

1 August 2022
TechCrunch (San Francisco)
By Tage Kene-Okafor

Oui Capital, an Africa-focused VC firm based in Lagos and Massachusetts, announced today that it has completed the first closing of its $30 million second fund, Oui Capital Mentors Fund II, as it seeks to strengthen its presence on the continent.

The firm, founded in 2019 by Olu Oyinsan and Francesco Andreoli, launched its debut fund at $5 million. Since then, Oui Capital has made 18 investments in technology sectors spanning different industries such as fintech, logistics & mobility, e-commerce, healthcare, and enterprise software. Some names include TeamApt, MVX, Akiba Digital, Duplo, Ndovu, Maad, Intelligra, Aifluence and Pharmacy Marts.

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