Private Equity

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ODBA & Co. Ventures

ODBA & Co. Ventures was co-founded by Gbite Oduneye and Benjamin Boateng with a thesis that capital should follow conviction in the founder, not just the...

ODBA & Co. Ventures logo

ODBA & Co. Ventures

ODBA & Co. Ventures was co-founded by Gbite Oduneye and Benjamin Boateng with a thesis that capital should follow conviction in the founder, not just the market. The firm is domiciled in Mauritius and runs a portfolio built exclusively around early-stage African technology companies. The portfolio reveals a multi-sector, multi-geography approach. Confirmed positions include Kuda, the Nigerian digital bank; Treepz, an East African bus-hailing platform that expanded to Ghana and Uganda; Hurone AI, which applies machine learning to cancer care; Awabah, a Nigerian digital pension platform; and Fleri, a cross-border insurance product for migrants. The common thread is underwriting founder-market fit in digitally leapfrogging economies. Geographic coverage stretches across West and East Africa, with portfolio companies active in Nigeria, Ghana, Uganda, and Kenya, among others. Stage coverage is concentrated at pre-seed and seed, with rare follow-ons into Series A. Team size is not publicly disclosed. ODBA describes its added value as mentorship and network access rather than operational intervention. ODBA’s structural differentiator is geographic form over thematic function. Registered in Mauritius but deploying into multiple African jurisdictions without a single-country anchor, it functions more like a distributed scout network than a regional fund. This structure lets it participate in rounds across fragmented ecosystems where local fund formation remains thin, offering institutional co-investors a single point of access into early-stage African venture rounds they would otherwise miss.

General information

Firm type

Private Equity

Year founded

2021

Location

Region

Africa

Country

Mauritius

City

Port Louis

Corporate office

Port Louis, Mauritius

Principals

Gbite Oduneye

Partner

Benjamin Boateng

Partner

Bola Ajomale

Partner

Ike Chioke

Global Advisor

Catherine Shiang

Global Advisor

Boye Balogun

Global Advisor

Toyin Sanni

Global Advisor

Sector focus

Enterprise SoftwareHealthcare ServicesMobility & TransportationInsurTechMedia & EntertainmentAI/MLFinancial ServicesEdTechAgriTech & FoodTech

Frequently asked questions

Who runs investment decisions at ODBA & Co. Ventures?

Gbite Oduneye and Benjamin Boateng co-lead the firm. Their website identifies both as the core team, supported by a panel of global advisors that includes Ike Chioke, Catherine Shiang, Boye Balogun, Bola Ajomale, and Toyin Sanni. No separate investment committee is disclosed publicly.

How does ODBA source its deals?

The firm relies on founder relationships and a network of advisors embedded across West and East Africa. ODBA’s website emphasizes active networking and scouting through industry events rather than formalized in-bound processes, positioning the deal flow as relationship-driven.

Does ODBA participate in fund commitments or only direct deals?

Only direct deals appear in its public portfolio. There is no indication that ODBA allocates to external funds as a limited partner; its disclosed activity consists entirely of direct investments in operating companies.

What is ODBA’s known posture on co-investments alongside external GPs?

ODBA positions itself as a co-investor aligned with lead investors. Because it does not lead rounds itself, external GP relationships are central to its model, and its website actively invites collaboration with institutional investors who share its principles.

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