Private Equity

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Mscale

Mscale LLC operates as an investment manager focused on early-stage companies and greenfield projects in the Caribbean, with an operating history that traces...

Mscale logo

Mscale

Mscale LLC operates as an investment manager focused on early-stage companies and greenfield projects in the Caribbean, with an operating history that traces team expertise through venture capital, M&A, and climate infrastructure. The firm is led by CEO Ugo Ikemba, whose career spans fundraises totaling over US$300 million across Africa, North America, South America, and Europe. Mscale targets the Caribbean venture and climate ecosystems through a platform strategy that includes direct equity, quasi-equity, and technical assistance. Its flagship Caribbean Venture Capital Fund LP makes investments of USD 200,000 to USD 2 million in seed, start-up, and expansion-stage companies. The firm's website points to a portfolio that includes Sunterra Energy, Jamaica's largest solar farm — signaling a tangible climate-infrastructure mandate alongside general venture activity. The investment committee and technical-assistance committee draw on operators who have funded thousands of firms across Africa and the Caribbean, integrating capacity building into the deployment model. Geographic reach is anchored in Jamaica but targets the broader Caribbean region. Professional scale is undisclosed, but the disclosed team includes a fractional COO, a CTO, and a technical-assistance committee staffed by experienced regional operators and angel investors. Sandra Glasgow, a committee member, co-founded FirstAngelsJA, Jamaica's first angel investor network. The firm has no disclosed additional offices; however, its principals maintain active networks across North America, Africa, and Europe. A recent operational signal: the firm's website prominently features its investment in Sunterra Energy — Jamaica's largest solar farm — as a current flagship transaction. What structurally distinguishes Mscale is its hybrid model that pairs a pure-play venture fund with an embedded technical-assistance committee and an operating-partner-like COO function. This architecture matches the Caribbean's shallow SME-support infrastructure, where capital alone rarely suffices. The explicit inclusion of climate and greenfield projects alongside traditional venture stages makes the firm a genuine development-equity conduit rather than a simple regional VC.

General information

Firm type

Private Equity

Year founded

2022

AUM

Undisclosed

Location

Region

Latin America

Country

Jamaica

City

Kingston

Corporate office

Kingston, Jamaica

Principals

Ugo Ikemba

Chief Executive Officer

David Roberts

Chief Technology Officer

Sharon Roper

Fractional COO

Mokolade Adelusi

Investment Professional

Dami Doherty

Investment Committee

Sandra Glasgow

Technical Assistance Committee

Lisandra Rickards

Technical Assistance Committee

Michael Ezra de Jong

Sector focus

Energy Transition & RenewablesClimateTechEnterprise SoftwareFinancial Services

Frequently asked questions

Who runs investment decisions at Mscale?

CEO Ugo Ikemba leads the firm, supported by an investment committee that includes Dami Doherty, who has venture capital experience across West Africa. The firm also relies on a technical assistance committee for operational due diligence and portfolio support.

What is the Caribbean Venture Capital Fund LP?

It is Mscale's flagship fund, targeting early-stage and greenfield companies in Jamaica and the wider Caribbean. The fund makes equity and quasi-equity investments typically ranging from USD 200,000 to USD 2 million.

How does Mscale support companies beyond writing a check?

Mscale integrates a technical-assistance committee into its model, providing capacity building and mentorship. Committee members like Sandra Glasgow bring angel-investing and incubator experience, while the fractional COO delivers operational strategy and market development support.

Which sectors does Mscale explicitly target?

The firm focuses on venture capital and climate. Its disclosed investments and strategy cover technology startups, climate infrastructure, and greenfield projects, with Sunterra Energy — Jamaica's largest solar farm — cited as a core transaction.

What is Ugo Ikemba's track record?

Ugo Ikemba has over 20 years of experience across venture capital, private equity, and impact investing, and has been involved in raising four funds totaling over US$300 million. His career has spanned Africa, North America, South America, and Europe, with relationships across DFIs, pension funds, and sovereign wealth funds.

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