The Tony Elumelu Foundation

The Tony Elumelu Foundation (TEF) is a Lagos-based non-profit organization established in 2010 by Tony O. Elumelu. The foundation is dedicated to fostering entrepreneurship in Africa as a means to drive economic development and enhance the competitiveness of the continent's private sector. TEF focuses on providing entrepreneurship development programs that equip aspiring business leaders with essential skills and knowledge. Additionally, the foundation supports policies that promote business competitiveness and invests financial capital through impact investments. By promoting entrepreneurship and excellence in business leadership, TEF aims to empower African entrepreneurs and contribute to sustainable economic growth across the region.

Awele Elumelu

Co-Founder and Trustee

Tony Elumelu

Co-Founder

Past deals in Nigeria

Evet

Grant in 2021
Livestock animal healthcare in Africa is fundamentally broken. In a place like Nigeria, for every 100,000 livestock farmers there is less than 5 veterinary doctors to serve them and even very limited veterinary diagnostic laboratories to assist animal healthcare experts to better diagnose and treat effectively. This further affects our food system as about 40% livestock animals are lost to diseases annually. At Evet we are committed to solving this problem by building an end to end tech enabled solution that conveniently delivers quality animal healthcare to farmer's door step. Our solution is making it ten times faster and cheaper for farmers and veterinarians to detect diseases early enough and prevent diseases outbreak

Green Republic

Grant in 2019
Green Republic leverages technology to harvest recyclable materials direct from post consumers while unlocking and offering them assorted benefits for their everyday waste. We also formalise the role of waste pickers by up-skilling, equipping, capturing date, business intelligence, and offering them better renumeration and working conditions. We then process and sell baled or washed PET, HDPE and PP chips. We also fabricate biogas production systems using locally sourced materials, which enables us to offer a complete waste management solution to businesses, individuals, households and communities in Nigeria. Green Republic is building a decentralised recycling platform with microcredit functions, which will be launched in Nigeria first. Our mission is to collect 170 million PET & UBC in our first 7 years of engagement, while targeting and empowering undeserved demographics and communities.

LegitCar

Grant in 2017
LegitCar is focused on combating vehicle theft in Nigeria through its automated theft-status check service, which caters to both individuals and businesses. By providing this service, LegitCar aims to prevent stolen vehicles from being resold or misused, thereby acting as a deterrent to theft and enhancing community safety. In addition to its theft prevention efforts, LegitCar operates an online marketplace that simplifies the buying and selling of used cars. The platform ensures a secure and transparent transaction process by offering detailed vehicle listings, history reports, and secure payment options. This comprehensive approach not only helps consumers make informed purchasing decisions but also supports effective law enforcement and vehicle insurance processes by providing essential vehicle data.

HelpMum

Grant in 2017
HelpMum is a digital social enterprise that leverages mobile technology and low-cost innovation to tackle maternal and infant mortality in underprivileged and remote areas, primarily in Nigeria. The company provides clean birth kits to women in need and employs a vaccination tracker and AI-driven adviser to ensure babies receive timely immunizations. By using these tools, HelpMum aims to improve health outcomes for both mothers and infants.

Tuteria

Grant in 2016
Tuteria is an e-learning platform that connects students with qualified private tutors across Nigeria. The service allows users to find instructors for a wide range of subjects, including academic disciplines, competitive exam preparations, languages, and various skills such as music, swimming, and photography. Tutors are verified for their skills and identity before being listed, ensuring a reliable learning experience. Tuteria operates in major cities like Lagos, Port Harcourt, and Abuja, offering users the convenience of booking one-on-one lessons with nearby instructors tailored to their individual learning needs.

PriceInfo

Seed Round in 2015
Priceinfo is an online price comparison platform that facilitates the comparison of prices for a wide range of products from various e-commerce websites in Nigeria. The platform boasts a shopping index featuring over 100,000 products sourced from more than 50 online stores, including prominent retailers such as Jumia, Konga, and Payporte. By aggregating prices from multiple sources, Priceinfo enables consumers to make informed purchasing decisions, ultimately enhancing their online shopping experience.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.