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Palm Drive Capital

Public data, unclaimed profile

Investisseur référencé à partir d'opérations publiées. Secteurs, pays, instruments et tickets affichés d'après ses opérations ; le fonds peut revendiquer sa fiche pour préciser sa thèse.

Investment thesis

Investment ticket
— – —
Instruments
Equity*
Preferred sectors
E-commerce*, Fintech*
Target geographies
Ghana*, Nigeria*

* added from its deals

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

Reference deals

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

LemFi

January 2025 · Nigeria
Series B53 M$EquityFintechCo-Invest

Co-investor alongside Highland Europe

Activity : Money transfer and remittances

LemFi , the Nigerian-born Pan-African fintech platform for immigrants, has raised USD 53 M in a Series B funding round led by Highland Europe, with participation from Left Lane Capital, Palm Drive Capital, Y Combinator, and Endeavor Catalyst.

Co-investors Left Lane Capital, Y Combinator

Source : weetracker.com

Maka

December 2023 · Ghana
Pre-Seed2.65 M$EquityE-commerceCo-Invest

Co-investor alongside Janngo Capital

Activity : Online retail

Vehicle : Janngo Capital Startup Fund

Maka is a social commerce platform enabling fashion and beauty purchases through user-generated video content, active in Ghana and Nigeria.

Why they invested

  • Experienced founder (former CEO of Jumia Ghana, former CCO of Jumia Kenya)
  • Over 500,000 app downloads
  • Addresses a trust gap in African fashion/beauty e-commerce
  • Creator monetization model

Co-investors 4DX Ventures, Jonathan Shipman (angel), Wolt executives (angels)

Source : techcrunch.com

In short

Palm Drive Capital invests across the following sectors: E-commerce and Fintech, in the following areas: Ghana and Nigeria. Check in 30 seconds whether your company fits these criteria.