Archangel Fund

Archangel Fund is a venture capital firm established in 2020 and located in Lagos, Nigeria. The firm focuses on investing in women and diverse teams that are creating innovative products across various technology sectors, including fintech, crypto/web 3, logistics, SaaS, and B2B health startups. Archangel Fund operates through venture capital funds and angel syndicates, with a specific commitment to supporting companies founded or co-founded by African women, reflecting its mission to empower diverse entrepreneurs in Africa and beyond.

Afolasade Aboyade-cole

Founding Partner

7 past transactions

Pennee

Pre Seed Round in 2023
Pennee solves cash flow problems for small businesses starting with credit financing.

Jetstream Africa

Seed Round in 2023
Jetstream Africa Limited is a cloud-based logistics platform based in Accra, Ghana, founded in 2018. The company specializes in providing cross-border marine logistics services, facilitating freight forwarding and global exports for African suppliers. By offering tools for booking, tracking, and consolidating shipments, Jetstream enhances access to international trade for small and medium-sized enterprises (SMEs) across Africa. The platform aims to simplify the shipping process, making it more accessible for businesses to engage in global commerce.

Yana

Seed Round in 2023
Yana is a company that specializes in cash flow management software aimed at micro and small businesses. The software facilitates access to business finance, allowing these enterprises to obtain loans that support their operational needs. By providing financial resources, Yana assists small businesses in managing their cash flow effectively, which is essential for their survival and growth. This support not only helps individual businesses thrive but also contributes to job creation within the community.

Taeillo

Seed Round in 2022
Taeillo is a furniture design and manufacturing company based in Ikeja, Lagos, Nigeria, established in 2018. It specializes in creating a diverse range of furniture for residential, commercial, and public spaces, available through its online store. Taeillo combines traditional forms and materials with modern technology, utilizing local resources to produce premium urban furniture pieces. The product lineup includes sofas, tables, wardrobes, benches, consoles, kitchen accessories, table lamps, and various home decoration items. By offering a single marketplace for modern furniture, Taeillo enables customers to effectively furnish and decorate their homes with stylish and locally crafted products.

truQ

Pre Seed Round in 2022
truQ operates a tech-enabled logistics platform designed to streamline short-haul and intracity logistics. By leveraging real-time technology, truQ connects individuals and businesses with the nearest available vehicles, facilitating efficient transportation solutions. The platform features a mobile application that allows users to quickly sign up and book trips on demand, enhancing convenience and reducing costs for clients. Additionally, truQ provides a SaaS infrastructure that helps businesses coordinate logistics interactions more effectively, along with access to capital for commercial drivers to support their operations and growth.

Helicarrier

Venture Round in 2021
Helicarrier offers cryptocurrency infrastructure that offers products buycoins, buycoins pro, sendcash, and sendcash pay.

GoBeba

Pre Seed Round in 2021
GoBEBA is a quick-commerce retailer specializing in essential household goods and groceries, including bulk utilities such as LPG gas and drinking water. The company operates a network of micro-fulfillment centers, also known as dark stores, which facilitate rapid order fulfillment. GoBEBA offers a multi-channel ordering system supported by an AI-driven logistics and inventory management platform, enabling delivery within 30 minutes for daily essentials. Its business model connects local merchants with consumers and logistics providers through a curated digital marketplace, providing a wide range of services such as grocery shopping, food delivery, and access to essential commodities at competitive prices.
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