The Mulago Foundation

Public data, unclaimed profile

Philanthropic foundation (San Francisco) providing non-dilutive funding to high-impact organisations in low-income countries. Co-funds alongside venture funds on deals with measurable impact (co-funder of Biochar Industrial Group with Breega, 2026). Grants only: relevant for an impact project that is not raising equity.

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: 50 k$ – 1.5 M$, median 200 k$ (3 disclosed amounts)
Countries: Nigeria (2), Kenya (1)
Activities: Agricultural inputs and services (1), Agritech (1), Insurtech (1)
Instruments: Grant (2)
Stages: Pre-Seed (3)
Recent activity: 2 deals in 12 months, latest Sept 2026

Stated thesis versus observed behaviour

No stated thesis: the comparison is not possible.

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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: 50 k$ – 200 k$*
Instruments: Grant
Preferred sectors: Agribusiness*, Fintech*
Target geographies: Kenya*, Nigeria*
Stages (stated by the fund and from its deals): Pre-Seed
Website: https://www.mulagofoundation.org/

Reference deals

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

Biochar Industrial Group (BIG)

September 2026 · Nigeria

Pre-Seed1.5 M$AgribusinessNon-dilutive

Co-investor alongside Breega

Activity : Agricultural inputs and services

BIG installs modular pyrolysis units inside food factories to collect agricultural waste and turn it into biochar: a permanent carbon store, audit-grade carbon removal credits, and a soil amendment that restores depleted farmland and boosts crop yields. Disposal cost becomes new revenue for factories.

Why they invested

Team with a decade of hands-on industrial operating experience in Nigeria (Releaf Earth, Y Combinator)
Disposal cost becomes new revenue for factories
Audit-grade carbon removal credits, a growing market

Team

Ikenna Nzewi — CEO, Co-Founder
Uzoma Ayogu — CTO, Co-Founder
Isaiah Udotong — CSO, Co-Founder

Co-investors Catalyst Fund

Source : techcabal.com

Hello Tractor

December 2025 · Nigeria

Pre-Seed200 k$GrantAgribusinessLead

Activity : Agritech

Instrument : early-stage grants

Hello Tractor connects tractor owners with smallholder farmers for on-demand mechanization services.

Why they invested

Alignment between the business model and smallholder impact
Advance agricultural mechanization in West and East Africa

Source : mulagofoundation.orgN1 · Primary source

Pula

2012 · Kenya

Pre-Seed50 k$GrantFintechLead

Activity : Insurtech

Instrument : grant

Pula provides agricultural insurance products and advisory services for smallholder farmers.

Why they invested

Launch agricultural insurance for smallholders
Use mobile technology to provide tailored advice
Improve farmer yields and incomes

Source : mulagofoundation.orgN1 · Primary source

In short

The Mulago Foundation invests tickets ranging from 50 k$ to 200 k$, across the following sectors: Agribusiness and Fintech, in the following areas: Kenya and Nigeria. Check in 30 seconds whether your company fits these criteria.

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