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500 Global

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, global early stage venture capital. Assets under management: ≈ USD 2.3bn.

At a glance

Based on observed investment behaviour: 3 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Venture capital (inferred from deals)
Observed ticket
Data unavailable
Stated ticket : 100 k$ – 3 M$
Countries
Kenya (1), Nigeria (1)
Activities
Payments and mobile money (2), Tourism and leisure (1)
Instruments
Equity (3)
Stages
Pre-Seed (2)
Recent activity
0 deal in 12 months, latest Jul 2022

Stated thesis versus observed behaviour

  • Sectors: 67% of its deals within its stated thesis
  • Countries: 100% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
100 k$ – 3 M$
Instruments
Equity
Preferred sectors
Fintech, SaaS, E-commerce, Digital health, Edtech, Logistics, Tourism & hospitality*
Target geographies
Egypt, Nigeria, Kenya, Morocco, Senegal

* added from its deals

Stages (stated by the fund and from its deals)
Pre-SeedSeed

Team and contacts

LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

KaliSpot

July 2022
Pre-SeedUndisclosed amountEquityFintechLead

Activity : Payments and mobile money

Instrument : First funding round

Network of financial service points (ATMs and interactive teller machines) interoperable with banks, mobile money operators and fintechs, bridging physical cash and digital services in West, Central and North Africa: Senegal, Mali, Togo, Benin, Congo, DRC, Morocco; Côte d'Ivoire, Gabon and Guinea planned for 2026.

Why they invested

  • Bridging cash and digital: the last mile of financial services
  • Agnostic infrastructure open to every operator
  • 500 Global's first deal in Francophone West Africa

Team

  • Mika Diol — Founder
  • Saidou Kanté — Co-Founder & CTO

Source : linkedin.com

Pre-SeedUndisclosed amountEquityFintechLead

Activity : Payments and mobile money

Instrument : 500 Startups accelerator (winter 2022 batch)

Spend management platform for African SMEs: expense tracking, digital requisitions, bulk vendor payments, budgeting and corporate cards. Headquartered in Nigeria, expansion planned to Kenya, Ghana and South Africa.

Why they invested

  • 10x growth in annualised transaction volume over twelve months
  • Inflation and SMEs' need to control costs
  • Growing fintech adoption and regulatory push toward digitisation, AfCFTA

Team

  • Yemi Olulana — Co-Founder & CEO

Source : 500.coN1 · Primary source

Triply (ex-Tripitaca)

Kenya
Undisclosed amountEquityTourism & hospitalityCo-Invest

Activity : Tourism and leisure

Instrument : Equity stake (terms and date undisclosed)

Digital platform for small tourism businesses in Africa: hosts and operators build their packages and sell directly to travellers, without middlemen, and are notified when travellers look for properties. Founded in 2021, renamed Triply in 2024; Y Combinator alumnus (winter 2024).

Why they invested

  • Removes middlemen between small tourism businesses and travellers
  • Y Combinator's first travel-tech investment in Africa (2024)

Team

  • Peter Wachira — Founder & CEO
  • Collins Muthinja — Co-Founder

Co-investors Hustle Fund, The Baobab Network

Source : 500.coN1 · Primary source

In short

500 Global invests tickets ranging from 100 k$ to 3 M$, across the following sectors: Fintech, SaaS, E-commerce, Digital health, Edtech, Logistics, and Tourism & hospitality, in the following areas: Egypt, Nigeria, Kenya, Morocco, and Senegal. Check in 30 seconds whether your company fits these criteria.