← All fundsHustle Fund
Public data, unclaimed profilePre-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
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Find my matchesInvestment 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
- Elizabeth Yin — Co-Founder & General Partner
- Eric Bahn — Co-Founder & General Partner
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 · NigeriaUndisclosed 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 · NigeriaSeries A30 M$EquityE-commerceCo-Invest
Co-investor alongside TLcom Capital
Activity : B2B e-commerce
Vehicle : TIDE Africa Fund I
Vendease automates food procurement for restaurants in Nigeria and Ghana through a digital procurement platform.
Why they invested
- Digitization of food procurement for the restaurant sector
- Significant sourcing cost reduction for restaurant operators
Co-investors GFR Fund, Hack VC, Kairos Angels, Kube VC, Magic Fund, Partech Africa, VentureSouq
Source : techcrunch.com
Triply (ex-Tripitaca)
KenyaUndisclosed amountEquityTourism & hospitalityCo-Invest
Co-investor alongside 500 Global
Activity : Tourism and leisure
Instrument : Equity stake (terms and date undisclosed)
Digital platform for small tourism businesses in Africa: hosts and operators build their packages and sell directly to travellers, without middlemen, and are notified when travellers look for properties. Founded in 2021, renamed Triply in 2024; Y Combinator alumnus (winter 2024).
Why they invested
- Removes middlemen between small tourism businesses and travellers
- Y Combinator's first travel-tech investment in Africa (2024)
Team
- Peter Wachira — Founder & CEO
- Collins Muthinja — Co-Founder
Co-investors The Baobab Network
Source : 500.coN1 · Primary source
In short
Hustle Fund invests tickets ranging from 25 k$ 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.