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Pacer Ventures
Pacer Ventures is a Lagos-based investment firm established in 2020. It invests in early-stage companies in financial services, education, and technology...
Pacer Ventures
Pacer Ventures is a Lagos-based investment firm established in 2020. It invests in early-stage companies in financial services, education, and technology across Sub-Saharan Africa.
General information
Firm type
Venture Capital
Year founded
2020
AUM
Undisclosed
Location
Region
Africa
Country
Nigeria
City
Lagos
Corporate office
Oai Labs Moore house 151, Herbert Macaulay way Adekunle, Yaba, Lagos, Nigeria
Additional offices
Toronto, Canada
Principals
Gbemi Akande
Managing Partner
Geoffrey Weli Wosu
General Partner
Ray Sharma
General Partner
Chukwuemeka Fred Agbata
General Partner
David Sharma
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Pacer Ventures?
Investment decisions are made by a partnership group consisting of Managing Partner Gbemi Akande, General Partners Geoffrey Weli Wosu, Ray Sharma, and Chukwuemeka Fred Agbata, with Chairman David Sharma. Gbemi Akande, a Stanford Sloan Fellow and former Head of Operations at TribalScale, leads the firm daily and also serves as Executive Director of portfolio company Optimus AI Labs.
How does Pacer Ventures source proprietary deal flow in Africa?
The firm sources through a network built by Chukwuemeka Fred Agbata, who launched 12 Founder Institute chapters in Africa and directs the ISN Hubs coalition of over 100 innovation hubs, and through General Partner Geoffrey Weli Wosu's deep payments and government-tech relationships. Its dual Lagos–Toronto structure also surfaces African founders who intersect with the Canadian tech ecosystem.
Does Pacer Ventures participate in fund commitments or only direct deals?
Pacer Ventures only describes direct pre-seed and seed equity investments in Africa-focused technology companies. There is no public indication that it allocates capital to external funds.
What investment stages does Pacer Ventures typically target?
The firm's stated focus is pre-seed and seed rounds, with an operational involvement model that begins at company formation and continues through scaling. It does not advertise later-stage growth-cheque capacity.
How is Pacer Ventures related to Extreme Venture Partners?
General Partner Ray Sharma is the founder and CEO of Extreme Venture Partners (EVP), a Canadian seed-stage fund. EVP provides a parallel institutional base and co-investment capability, but Pacer Ventures operates as a distinct Africa-focused fund with its own partnership and portfolio companies. No public documentation describes a formal pooled structure between the two entities.
Which sectors does Pacer Ventures explicitly avoid?
Pacer's public statements emphasize sectors where AI and emerging technology can drive high-volume distribution. The firm does not list agriculture, hard infrastructure, or extractive industries as focus areas, and its disclosed positions cluster instead around AI/ML, fintech, blockchain infrastructure, and edtech.
Does Pacer Ventures disclose its assets under management?
No. Pacer Ventures has not publicly disclosed an AUM figure. The firm does not report to any institutional database that publishes fund sizes, and it should be treated as undisclosed.
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