Singularity Investments

Singularity Investments is a Lagos-based venture capital firm with an additional presence in the United States. It backs early- and growth-stage companies in disruptive technology, media and telecommunications, prioritizing opportunities in Africa and North America. The firm invests in mobile and web-based services, technology and software, digital infrastructure, and digital media and entertainment, typically providing equity or equity-linked capital. It pursues an active investment approach, often taking a lead role and board seats to help portfolio companies scale. Typical ticket sizes range from $0.2 million to $2 million, with potential for follow-on investments. The business is led by prominent entrepreneurs who bring strategic networks and experience to support growth.

Nathan Kelly

CEO

Past deals in Nigeria

Smile ID (formerly Smile Identity)

Series B in 2023
Smile Identity Inc. is a technology company based in San Francisco, California, that focuses on identity verification solutions. Founded in 2016, the company has developed an application called SmartSelfie, which allows users to create a universal biometric for authentication on Android devices. The team comprises engineers and financial services professionals from both the United States and Africa, bringing expertise in global markets with a focus on highly regulated environments. Smile Identity has developed advanced encryption, authentication, and security solutions, as well as image processing technology. The company has experience working with telecoms, lenders, banks, and startups, enabling them to understand the unique challenges faced by consumers and enterprises in Africa. With support from prominent investors in Silicon Valley and Africa, Smile Identity has established a pan-African presence, operating in countries such as South Africa, Nigeria, Kenya, Ghana, and Rwanda.

Asoko Insight

Series A in 2018
Asoko Insight Limited is a prominent corporate information platform focused on providing comprehensive data on public and private companies in Sub-Saharan Africa. Established in 2014 and headquartered in London, the company aids investors, banks, corporates, and governments in understanding the region's private sector landscapes. Asoko Insight consolidates data on key corporate developments, including incorporation details, management structures, financial indicators, and compliance metrics. It offers extensive company profiles and custom data products such as sector analyses and supply chain mapping, enabling clients to generate commercial leads and conduct due diligence. The company's local research analysts, based in various regional offices, continuously monitor and verify corporate information to ensure accuracy. Asoko is expanding its data collection efforts beyond major economies like Ghana, Kenya, and Nigeria, aiming to enhance its offerings across the African continent.

Asoko Insight

Seed Round in 2017
Asoko Insight Limited is a prominent corporate information platform focused on providing comprehensive data on public and private companies in Sub-Saharan Africa. Established in 2014 and headquartered in London, the company aids investors, banks, corporates, and governments in understanding the region's private sector landscapes. Asoko Insight consolidates data on key corporate developments, including incorporation details, management structures, financial indicators, and compliance metrics. It offers extensive company profiles and custom data products such as sector analyses and supply chain mapping, enabling clients to generate commercial leads and conduct due diligence. The company's local research analysts, based in various regional offices, continuously monitor and verify corporate information to ensure accuracy. Asoko is expanding its data collection efforts beyond major economies like Ghana, Kenya, and Nigeria, aiming to enhance its offerings across the African continent.
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