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Tech In Africa - May 26, 2025
Aruwa Capital Management Secures $35 Million to Boost Women-Led Businesses in West Africa
Aruwa Capital Management secured $35 million in the second close of its gender-focused fund, Aruwa Capital Fund II. The fund aims to address the early-stage financing gap for women-led and gender-diverse enterprises in Nigeria and Ghana.
British International InvestmentVisa FoundationAruwa Capital ManagementNigeria’s Bank of IndustryMastercard Foundation Africa Growth Fund

Bendada.com - Apr 28, 2025
Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II
Aruwa Capital Management secured $35 million for its second fund, Aruwa Capital Fund II. The firm is targeting a final close of $50 million, with a hard cap of $60 million.
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WeeTracker - Apr 22, 2024
TLcom Capital Closes Second Fund At USD 154 M To Back African Early-Stage Startups
TLcom Capital closes its second fund, TIDE Africa Fund II, at USD 154 million. Notable investors in the fund include the European Investment Bank, Visa Foundation, Bertelsmann, and AfricaGrow.

TechCrunch - Apr 22, 2024
TLcom Capital closes second fund at $154M to back early-stage startups across Africa
TLcom Capital closes its second fund, TIDE Africa Fund II, at $154 million, positioning itself as Africa's largest investor in seed and Series A. The oversubscribed fund attracted participation from notable investors such as the European Investment Bank, Visa Foundation, Bertelsmann, and AfricaGrow.
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