CRE Venture Capital

CRE Venture Capital, founded in 2015, is a venture capital investment firm focused on early-stage technology companies that are connected to the African market. Headquartered in Mahwah, New Jersey, the company maintains a regional office in Lagos, Nigeria, to better engage with local opportunities. As a Registered Investment Adviser, CRE Venture Capital aims to foster innovation and growth in the tech sector across Africa, leveraging its expertise and resources to support emerging businesses in the region.

Robel Chiappini

Investment Professional

David Eddyabasi

Vice President

Pardon Makumbe

Managing Partner

Toyosi Oni

Senior Associate - Research and Investments

Past deals in Nigeria

Smile ID (formerly Smile Identity)

Series A in 2021
At Smile ID they believe anyone should be able to prove their identity easily, anywhere in the world. Their team is made up of American and African engineers and financial services professionals with experience across global markets in highly regulated environments. They have built encryption, authentication and security solutions. They have developed image processing technology from the chip level up. They have been part of security investigations and have pursued fraudsters. Having worked with, or for, telecoms, lenders, banks and startups, they know the challenges of building world class technology and they understand the needs of the African consumer and enterprise customer. They are backed by leading Silicon Valley & African investors and they have pan-African reach, with representation in the United States, South Africa, Nigeria, Kenya, Ghana and Rwanda.

Rensource

Series A in 2019
Rensource is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.

Gokada

Pre Seed Round in 2018
Gokada is a mobile application that transforms urban transportation in Nigeria by allowing users to easily hail motorcycles and taxis for safe, affordable rides throughout Lagos. Available on both Android and iOS devices, the platform not only serves commuters but also provides last-mile delivery services for businesses and individuals. Gokada focuses on smart mobility solutions, enabling efficient movement across the city while offering additional features such as free rides and parcel delivery. This dual functionality positions Gokada as a comprehensive service for both transportation and logistics needs in a rapidly growing market.

Rensource

Seed Round in 2018
Rensource is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.

Andela

Series C in 2017
Andela is a company that specializes in recruiting and managing software developers, primarily from emerging markets, and providing them with the necessary training and mentorship to succeed in the global tech landscape. Founded in 2014 and based in Lagos, Nigeria, Andela operates a significant marketplace for skilled digital talent, leveraging an AI-powered platform known as Andela Talent Cloud. This platform enhances the efficiency of matching companies with qualified developers, allowing clients to hire talent quickly and cost-effectively. Andela supports companies in various aspects of hiring, including compliance and payroll, while offering a diverse talent pool skilled in advanced technologies such as application development, artificial intelligence, and cloud computing. With a presence in over 135 countries, Andela connects businesses with vetted remote engineers, helping them scale their teams and meet project demands effectively. Notable clients include GitHub, Mastercard Foundry, and Mindshare.

Andela

Series B in 2016
Andela is a company that specializes in recruiting and managing software developers, primarily from emerging markets, and providing them with the necessary training and mentorship to succeed in the global tech landscape. Founded in 2014 and based in Lagos, Nigeria, Andela operates a significant marketplace for skilled digital talent, leveraging an AI-powered platform known as Andela Talent Cloud. This platform enhances the efficiency of matching companies with qualified developers, allowing clients to hire talent quickly and cost-effectively. Andela supports companies in various aspects of hiring, including compliance and payroll, while offering a diverse talent pool skilled in advanced technologies such as application development, artificial intelligence, and cloud computing. With a presence in over 135 countries, Andela connects businesses with vetted remote engineers, helping them scale their teams and meet project demands effectively. Notable clients include GitHub, Mastercard Foundry, and Mindshare.

Rensource

Seed Round in 2016
Rensource is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.

Rensource

Venture Round in 2016
Rensource is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.

Andela

Series A in 2015
Andela is a company that specializes in recruiting and managing software developers, primarily from emerging markets, and providing them with the necessary training and mentorship to succeed in the global tech landscape. Founded in 2014 and based in Lagos, Nigeria, Andela operates a significant marketplace for skilled digital talent, leveraging an AI-powered platform known as Andela Talent Cloud. This platform enhances the efficiency of matching companies with qualified developers, allowing clients to hire talent quickly and cost-effectively. Andela supports companies in various aspects of hiring, including compliance and payroll, while offering a diverse talent pool skilled in advanced technologies such as application development, artificial intelligence, and cloud computing. With a presence in over 135 countries, Andela connects businesses with vetted remote engineers, helping them scale their teams and meet project demands effectively. Notable clients include GitHub, Mastercard Foundry, and Mindshare.

PrepClass

Pre Seed Round in 2014
PrepClass is an online examination preparatory platform based in Lagos, Nigeria, that connects students with home tutors and provides a comprehensive database of educational resources tailored to local exams. Founded in 2014, the platform allows students to access a wide range of subjects, including mathematics, physics, economics, and languages, as well as prepare for exams such as JAMB, POST JAMB, WAEC, and NECO. It features a collection of past exam questions and detailed answers, enabling students to practice and identify their strengths and weaknesses. Additionally, PrepClass offers personalized tutoring experiences, giving parents the option to select from a large database of qualified tutors to meet their children's academic needs.
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