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

Principal

David Eddyabasi

Vice President

Pardon Makumbe

Founder, President and 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 Inc, established in 2015 and headquartered in Lagos, Nigeria, is a pioneering energy company that operates as a financial services business. It offers subscription-based solar power services to consumers and small businesses, generating electricity through small solar-hybrid systems installed on-site. Rensource provides tailored plans such as Go, Eco, Duplo, and Pro, catering to diverse energy needs. Central to its operations is an internal financing mechanism that funds these solar-hybrid systems and manages monthly collections from end-users. Rensource's mission is to transition Nigeria towards predominantly distributed, renewables-based 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 Inc, established in 2015 and headquartered in Lagos, Nigeria, is a pioneering energy company that operates as a financial services business. It offers subscription-based solar power services to consumers and small businesses, generating electricity through small solar-hybrid systems installed on-site. Rensource provides tailored plans such as Go, Eco, Duplo, and Pro, catering to diverse energy needs. Central to its operations is an internal financing mechanism that funds these solar-hybrid systems and manages monthly collections from end-users. Rensource's mission is to transition Nigeria towards predominantly distributed, renewables-based power generation.

Andela

Series C in 2017
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.

Smile ID (formerly Smile Identity)

Pre Seed Round in 2017
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.

Andela

Series B in 2016
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.

Rensource

Seed Round in 2016
Rensource Inc, established in 2015 and headquartered in Lagos, Nigeria, is a pioneering energy company that operates as a financial services business. It offers subscription-based solar power services to consumers and small businesses, generating electricity through small solar-hybrid systems installed on-site. Rensource provides tailored plans such as Go, Eco, Duplo, and Pro, catering to diverse energy needs. Central to its operations is an internal financing mechanism that funds these solar-hybrid systems and manages monthly collections from end-users. Rensource's mission is to transition Nigeria towards predominantly distributed, renewables-based power generation.

Rensource

Venture Round in 2016
Rensource Inc, established in 2015 and headquartered in Lagos, Nigeria, is a pioneering energy company that operates as a financial services business. It offers subscription-based solar power services to consumers and small businesses, generating electricity through small solar-hybrid systems installed on-site. Rensource provides tailored plans such as Go, Eco, Duplo, and Pro, catering to diverse energy needs. Central to its operations is an internal financing mechanism that funds these solar-hybrid systems and manages monthly collections from end-users. Rensource's mission is to transition Nigeria towards predominantly distributed, renewables-based power generation.

Andela

Series A in 2015
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including 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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