Aruwa Capital Management

Who we are

Aruwa Capital Management is one of the few black African women owned and led early stage growth equity and gender lens funds in Africa. Based in Lagos, Nigeria, Aruwa invests in businesses with proven business models at an inflection point of growth, that are either providing essential goods and services to women or are founded by women or have gender diverse teams. We are passionate about showcasing through our Fund, the seamless intersection between strong commercial returns and positive social impact through our investment strategy.

Current AUM

<25M

Sectors

B2B, Cleantech, E-commerce/Consumer Internet, Fintech, Healthcare

Stages

Series A

Regions

Europe, Lusophone (Portuguese) and Anglophone Africa, North America

Countries

France, Nigeria, US

Founding / General Partners

Adesuwa Okunbo Rhodes

Why are we taking the Beyond The Billion Pledge?

Being one of the few black women owned funds in Africa, i strongly believe we need more women as capital allocators in order to close gender gaps in society. We can already see from our existing portfolio, the natural trickle down effect to women in our portfolio and the enhanced financial return and multiplier effect on social impact that has. I am so excited to take this pledge and showcase the unrealised asset class of women investors and founders.

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TBDF Ventures LLC (TBDFV), the organizer of Beyond The Billion (BTB), is a company serving the global consortium of investors pledged to invest beyond $1bn collectively into women-founded technology companies and funds and firms that invest in them. BTB builds on the success of The Billion Dollar Fund for Women, the initial campaign co-founded by our founders. BTB is not a venture fund, an investment bank, a broker-dealer, investment clearinghouse, or an investment adviser, but rather a forum in which investors may be educated on aspects of investment and business, as well as introduced to companies for possible investment, in particular, those led by women. Each investor and allocator pledged to BTB’s mission is responsible for his or her own investment decisions, and neither TBDFV nor BTB recommends companies or financial products for investment. Participating funds may be highlighted to various institutional and other investors and managers, with the aim of catalyzing capital towards women-founded companies; but are not guaranteed allocations from any specific fund. The Founders of TBDFV and BTB may hold interests directly or indirectly in featured funds and associated companies. Information is obtained from participant funds, believed to be reliable, but is in no way guaranteed by TBDFV or BTB. No guarantee of any kind is implied or possible where projections of future conditions are attempted.