TLcom Capital, a venture capital firm with a presence in London, Lagos, and Nairobi, has successfully raised $71 million for its Tide Africa Fund. This fund will be used to invest in 12 promising African startups over the next 18 months.
TLcom is seeking tech-driven companies that are generating revenue and demonstrate strong growth potential. While sector-agnostic, the firm is particularly interested in startups that address critical infrastructure needs within the African market.
The fund’s investment strategy emphasizes backing exceptional founders and empowering them to lead their companies’ growth. TLcom aims to provide support without excessive interference, recognizing the unique strengths and challenges faced by African entrepreneurs.
The firm’s portfolio already includes successful African companies like Kobo360, a logistics platform, and Twiga Foods, a food distribution company that improves supply chains for farmers and small businesses. These companies have demonstrated significant growth and attracted further investment from major players like Goldman Sachs.
TLcom’s success in raising this fund reflects the growing interest in Africa’s vibrant startup ecosystem. Despite challenges in raising capital, TLcom effectively showcased the potential of African tech and the strength of its existing portfolio to attract investors.
The firm encourages aspiring entrepreneurs to contact their partners directly to explore potential investment opportunities.
