Verod Capital

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, SMEs in anglophone West Africa. Assets under management: ≈ USD 364m.

At a glance

Based on observed investment behaviour: 4 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Private equity (inferred from deals)
Observed ticket: 110 M$, median 110 M$ (1 disclosed amount); Stated ticket : 5 M$ – 30 M$
Countries: Nigeria (4)
Activities: Beauty, sport and wellness (1), BPO and call centres (1), Payments and mobile money (1)
Instruments: Equity (4)
Stages: Growth (3), Series C+ (1)
Recent activity: 0 deal in 12 months, latest Oct 2024

Stated thesis versus observed behaviour

Sectors: 25% 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: 5 M$ – 30 M$
Instruments: Equity
Preferred sectors: Manufacturing, Financial services, Healthcare, Education, Agribusiness, Fintech*, Business & personal services*
Target geographies: Nigeria, Ghana
Stages (stated by the fund and from its deals): Series C+Growth
Website: http://www.verod.com/

Reference deals

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

Moniepoint

October 2024 · Nigeria

Series C+110 M$EquityFintechCo-Invest

Co-investor alongside DPI (Development Partners International)

Activity : Payments and mobile money

Instrument : Série C clôturée à 200 M$ en octobre 2025 (LeapFrog en ancrage de la clôture finale) · Vehicle : African Development Partners III

Fintech ecosystem providing payments, banking, credit and management tools to businesses and their customers.

Why they invested

Moniepoint is a major business-banking provider in Nigeria.
The company has strong adoption of its payment solutions.
The investment is intended to scale digital payments and banking services.

Advisers

Financial Technology Partners — conseil financier et stratégique exclusif, company side

Co-investors Google Africa Investment Fund, LeapFrog Investments, Lightrock

Source : dpi-llp.comN1 · Primary source

i-Fitness

February 2024 · Nigeria

GrowthUndisclosed amountEquityBusiness & personal servicesLead

Activity : Beauty, sport and wellness

Vehicle : Verod Capital Growth Fund III

i-Fitness operates a fitness and wellness chain in Nigeria through gym facilities and membership services.

Why they invested

Experienced management team.
Resilient business model.
Growing consumer demand for health and wellness.

Source : verod.comN1 · Primary source

iSON Xperiences

October 2023 · Nigeria

GrowthUndisclosed amountEquityBusiness & personal servicesCo-Invest

Activity : BPO and call centres

Instrument : majority stake acquisition · Vehicle : Verod Capital Growth Fund III

iSON Xperiences provides business-process outsourcing, process-management and digital customer-experience services across Africa.

Why they invested

International and African expansion.
Service diversification.
Digitization of customer operations and productivity improvement.

Co-investors AfricInvest

Source : verod.comN1 · Primary source

Medplus

March 2022 · Nigeria

GrowthUndisclosed amountEquityHealthcareLead

Activity : Pharmacy and drug distribution

Instrument : significant minority equity stake · Vehicle : Verod Capital Growth Fund III

Medplus is a Nigerian pharmaceutical retail and distribution chain offering medicines, beauty products and health-related goods.

Why they invested

Expand the store network.
Develop the digital retail strategy.
Improve access to healthcare products.

Source : verod.comN1 · Primary source

In short

Verod Capital invests tickets ranging from 5 M$ to 30 M$, across the following sectors: Manufacturing, Financial services, Healthcare, Education, Agribusiness, Fintech, and Business & personal services, in the following areas: Nigeria and Ghana. Check in 30 seconds whether your company fits these criteria.

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