Al Mada Ventures

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, pan-African venture capital. Assets under management: ≈ USD 110m.

At a glance

Based on observed investment behaviour: 4 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Venture capital (inferred from deals)
Observed ticket: 4.9 M$ – 30 M$, median 19 M$ (4 disclosed amounts); Stated ticket : 1 M$ – 10 M$
Countries: Togo (2), Côte d'Ivoire (1), Nigeria (1)
Activities: Crypto and blockchain (1), Health platforms and software (1), Passenger transport (1)
Instruments: Equity (4)
Stages: Seed (2), Series B (2)
Recent activity: 1 deal in 12 months, latest May 2026

Stated thesis versus observed behaviour

Sectors: 75% of its deals within its stated thesis
Countries: 50% of its deals within its stated thesis
Ticket: 50% 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: 1 M$ – 30 M$*
Instruments: Equity
Preferred sectors: Fintech, Digital health, E-commerce, SaaS, Logistics, Financial services*
Target geographies: Morocco, Egypt, Senegal, Côte d'Ivoire, Nigeria, Togo*
Stages (stated by the fund and from its deals): SeedSeries B
Website: https://www.almadaventures.com/index.html

Reference deals

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

Checker

May 2026 · Nigeria

Seed8 M$EquityFintechLead

Activity : Crypto and blockchain

Instrument : US$8m seed round led by Al Mada Ventures, with Galaxy Ventures and Framework Ventures

Stablecoin liquidity network for emerging-market financial institutions.

Co-investors Framework Ventures, Galaxy Ventures

Source : yellow.comN1 · Primary source · Other sources : Nairametrics

Gozem

July 2025 · Togo

Series B30 M$EquityLogisticsCo-Lead

Activity : Passenger transport

Instrument : Series B combining equity and debt

Gozem operates a super app in Francophone Africa covering mobility, delivery, ticketing, vehicle financing and digital banking services.

Why they invested

Accelerate digital-services expansion in Francophone Africa
Strengthen logistics and financial-services solutions
Build on Gozem's expansion across Togo, Benin, Gabon and Cameroon

Co-investors SAS Shipping Agencies Services

Source : gozem.co

Gozem

February 2025 · Togo

Series B30 M$EquityFinancial servicesCo-Invest

Co-investor alongside SAS Shipping Agencies Services

Activity : Vehicle and productive-asset finance

Gozem, the Francophone African mobility and fintech platform, has raised $30 million.

Source : launchbaseafrica.com

Susu

December 2023 · Côte d'Ivoire

Seed4.9 M$EquityDigital healthCo-Invest

Co-investor alongside Janngo Capital

Activity : Health platforms and software

Vehicle : Janngo Capital Startup Fund

Susu offers health insurance bundles, a digital platform connecting patients with providers, and innovative financing models (diaspora, employers) across Francophone Africa.

Why they invested

Over 7,000 clients served with ~40 employees across 4 cities (Paris, Abidjan, Douala, Dakar)
Addresses a structural healthcare-access gap in Francophone Africa
Innovative diaspora and employer-based financing model
Strong health/impact investor syndicate (INCO, Al Mada, Health54/CFAO)

Co-investors Five35 Ventures, Health54 (CFAO Healthcare), INCO Ventures, Launch Africa Ventures, Open CNP, Plug and Play Ventures

Source : janngo.comN1 · Primary source

In short

Al Mada Ventures invests tickets ranging from 1 M$ to 30 M$, across the following sectors: Fintech, Digital health, E-commerce, SaaS, Logistics, and Financial services, in the following areas: Morocco, Egypt, Senegal, Côte d'Ivoire, Nigeria, and Togo. Check in 30 seconds whether your company fits these criteria.

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