Fund vehicle

Aruwa Capital Fund II

Compiled from public sources

Aruwa Capital Fund II is a female-founded and led growth equity fund based in Lagos, Nigeria, investing in early-stage growth equity for fast-growing small and medium-sized enterprises (SMEs) with a strong gender lens. The fund captures the investment opportunity in companies that are too large for traditional venture capital but too small for larger private equity funds. Fund II focuses on providing growth capital to established and rapidly growing businesses in Nigeria (over 80%) and Ghana that are either female-led, female-founded, or provide essential goods and services that improve women's lives. The fund targets investments in climate and energy access through clean technologies, healthcare, financial services, and consumer staples, including food and agribusiness. Aruwa Capital Fund II operates with a gender lens investment approach and is 100% gender lens and 2X Challenge focused, aiming to close the $42 billion gender funding gap between female and male entrepreneurs in Africa.

Manager

Aruwa Capital Management

Vintage

2024

Strategy

Private Equity

Target size

$65m

Size

$35m

Status

Active