Janngo Capital, a pioneering venture capital firm, was established to invest in and support African startups, with a strong focus on gender equality. Founded by Fatoumata Bâ, Janngo Capital is headquartered in Abidjan, Ivory Coast, with operations extending to Europe through an office in Paris. The firm recently made headlines by closing its second fund at $78 million, surpassing its target by 20%. Since its inception, Janngo Capital has been dedicated to providing much-needed financial support and capacity building to startups, particularly those led by women and addressing key social challenges in Africa.
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | Abidjan, Ivory Coast |
| Founders | Fatoumata Bâ |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | European Investment Bank (EIB), African Development Bank (AfDB), Mastercard Foundation, International Finance Corporation (IFC) |
| Industry | Venture Capital, Technology |
| Number of Employees | Approximately 10 professionals |
Founded in 2018 by Senegalese entrepreneur Fatoumata Bâ, Janngo Capital emerged from her vision to leverage technology and venture capital for development across Africa. Bâ, formerly an executive at Jumia, understood the vast potential that digital innovation could play in addressing systemic market failures in Africa. The firm was set up to address the severe underrepresentation of women in leadership positions within the tech industry and to bridge the funding gap experienced by female founders. Janngo Capital's early strategic vision was to build an inclusive financial ecosystem that capitalizes on underutilized talent across the continent while also delivering robust financial returns to its investors.
Janngo Capital operates with a distinctive business model that focuses on enhancing digital transformations and economic growth in Africa. By targeting early-stage investments in tech and tech-enabled startups, Janngo Capital positions itself as a key player in fostering innovation:
Currently, Janngo Capital stands at the forefront of venture capital in Africa, particularly in empowering women-led businesses. The firm is active across multiple sectors, with investments ranging across fintech, agritech, healthcare, and logistics, among others. Their unique model provides both financial and strategic consulting to portfolio companies, aiming for significant social impact in addition to financial success. Janngo Capital has gained a reputation for not only funding but also building capacity in entrepreneurship, ensuring that African startups can sustain and scale over time. As a leader in gender-focused investments, Janngo Capital is significantly influencing the African VC landscape and setting standards for diversity and inclusion.
Janngo Capital's trajectory signifies a powerful movement within the African venture capital scene, focusing on the untapped potential of female-driven enterprises. By directing capital towards diverse founders and emphasizing technological solutions to societal problems, the firm is making critical inroads in gender equality and economic development within tech ecosystems across Africa. With continued strategic investments and partnerships, Janngo Capital is well-positioned to expand its role in fostering equitable growth and contributing to a more sustainable economic future on the continent.