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Ingressive Capital
Ingressive Capital invests in pre-seed and seed-stage tech startups across Africa, with a focus on Egypt, Ghana, Kenya, Morocco, and Nigeria.
Ingressive Capital
Ingressive Capital invests in pre-seed and seed-stage tech startups across Africa, with a focus on Egypt, Ghana, Kenya, Morocco, and Nigeria. It targets 10% ownership and invests up to $500,000 in companies in financial services, trade-tech, and wellbeing. The firm scales indigenous-owned tech startups through equity.
General information
Firm type
Venture Capital
Year founded
2017
Location
Region
Africa
Country
Nigeria
City
Lagos
Corporate office
Lagos, Nigeria
Additional offices
Nairobi, Kenya · San Francisco, United States
Principals
Maya Horgan Famodu
Founder & Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Ingressive Capital?
Maya Horgan Famodu, Founder and Managing Partner, leads all investment decisions. She launched the firm in 2017 and is the public face of its investment committee. The firm maintains a lean team, with Famodu's network across Y Combinator and pan-African operator circles driving origination (per the firm's official communications).
How does Ingressive Capital source deals across Africa?
Deal flow is generated through Maya Horgan Famodu's deep founder networks in Lagos, Nairobi, and San Francisco, supplemented by the firm's Ingressive for Good technical-skills program. That program—which has trained over 100,000 students—acts as a pre-seed talent funnel. The firm also cultivates relationships with accelerators like Y Combinator and 500 Global, both LPs in its first fund.
What check size and stage does Ingressive Capital target?
The firm writes pre-seed and seed checks of $100,000 to $400,000 into technology companies operating in Sub-Saharan Africa. It aims to be the first institutional capital in a round and will lead or co-invest. Fund II, closed in 2024, increased its capacity for follow-on allocations within the portfolio.
Which sectors does Ingressive Capital explicitly avoid?
The firm does not publicly state explicit sector exclusions, but its investment activity clusters around software and technology-enabled businesses in enterprise, fintech, logistics, healthtech, agritech, and edtech. It avoids capital-intensive physical infrastructure, pure brick-and-mortar retail, and extractive industries, consistent with its venture-software mandate.
How does Ingressive for Good relate to the venture fund?
Ingressive for Good operates as a distinct non-profit entity, but it serves as a talent-acquisition and sourcing channel for Ingressive Capital's portfolio. By training over 100,000 African students in technical skills, it creates a pool of future founders and early employees for portfolio companies, lowering hiring friction and expanding the top of the deal-funnel.
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