GJO & Partners
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Hustle Fund

Public data, unclaimed profile

Pre-seed fund (United States): USD 150k first cheque, tickets from USD 25k to 500k, pre-seed only, decisions in 24–48 hours, about a hundred investments a year. Software generalist, capital-efficient models; excludes medical devices, restaurants and physical retail. Invests mostly in North America and Southeast Asia, and selectively in Africa (Triply in Kenya, Clafiya in Nigeria).

At a glance

Based on observed investment behaviour: 3 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Private equity (inferred from deals)
Observed ticket
30 M$, median 30 M$ (1 disclosed amount)
Stated ticket : 25 k$ – 500 k$
Countries
Nigeria (2), Kenya (1)
Activities
B2B e-commerce (1), Online pharmacy (1), Tourism and leisure (1)
Instruments
Equity (2)
Stages
Series A (1)
Recent activity
0 deal in 12 months, latest Aug 2023

Stated thesis versus observed behaviour

  • Sectors: 33% 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
25 k$ – 500 k$
Instruments
Equity
Preferred sectors
SaaS, Fintech, E-commerce, Digital health*, Tourism & hospitality*
Target geographies
Nigeria, Kenya

* added from its deals

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

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.

Famasi

August 2023 · Nigeria
Undisclosed amountDigital healthLead

Activity : Online pharmacy

Platform enabling consumers to buy medicines, manage prescriptions and arrange delivery, while providing pharmacies with inventory and point-of-sale tools.

Why they invested

  • Founding team with deep pharmaceutical-industry experience
  • Significant prescription-refill and medicine-access problem
  • Large market with recurring medication demand
  • Customer acquisition strategy through HMOs

Source : hustlefund.net

Vendease

September 2022 · Nigeria
Series A30 M$EquityE-commerceCo-Invest

Co-investor alongside TLcom Capital

Activity : B2B e-commerce

Vehicle : TIDE Africa Fund I

Vendease automates food procurement for restaurants in Nigeria and Ghana through a digital procurement platform.

Why they invested

  • Digitization of food procurement for the restaurant sector
  • Significant sourcing cost reduction for restaurant operators

Co-investors GFR Fund, Hack VC, Kairos Angels, Kube VC, Magic Fund, Partech Africa, VentureSouq

Source : techcrunch.com

Triply (ex-Tripitaca)

Kenya
Undisclosed amountEquityTourism & hospitalityCo-Invest

Co-investor alongside 500 Global

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 The Baobab Network

Source : 500.coN1 · Primary source

In short

Hustle Fund invests tickets ranging from 25 k$ to 500 k$, across the following sectors: SaaS, Fintech, E-commerce, Digital health, and Tourism & hospitality, in the following areas: Nigeria and Kenya. Check in 30 seconds whether your company fits these criteria.