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Commerce Ventures stands out in Africa's investment landscape, specializing in Seed and Series B funding for frontier market startups. Their portfolio boasts market leaders like Smile Identity and Duplo, showcasing their commitment to scaling tech innovation across the continent.

Commerce Ventures' Portfolio in Africa

Commerce Ventures has made over 2 notable investments in African startups. Their most recent investment was in Smile Identity, announced on February 15th, 2023.
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Commerce Ventures' Investment activity in Africa

With over $24.3M invested in African startups, their latest investment was a Series B round in Smile Identity, announced on February 15th, 2023, closing at $20M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Series B
Smile Identity
NigeriaFeb 15, 2023$ 20,000,000
Seed
Duplo
NigeriaAug 31, 2022$ 4,300,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000

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Commerce Ventures' Investment Distribution in Africa.

Commerce Ventures' currently has Startuup investments spread across the following location(s)

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