Adlevo Capital
VC Fund
Lagos, Nigeria
Adlevo Capital is a private equity firm that finances technology-enabled companies across sub-Saharan Africa. It develops market intelligence through a local presence and an understanding of the dynamics of the local market. Adlevo Capital maintains active local presence via its base in Lagos, Nigeria. It was founded by Yemi Lalude in 2009.
- Total investments:
- 7
- Last investment:
- Lead investor:
- 43%
- Fund size:
- $409M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Adlevo Capital invests in
Stages Adlevo Capital invests in
Countries Adlevo Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series B
- $10M–$15M
Investment Focus
Industry
- Mobile 2 (29%)
- FinTech 2 (29%)
- Financial Services 2 (29%)
- Finance 1 (14%)
- Internet 1 (14%)
Stage
- Series A 2 (29%)
- Series B 2 (29%)
- Funding Round 1 (14%)
Country
- Ghana 1 (14%)
- Nigeria 1 (14%)
- United Kingdom 1 (14%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Folabi Esan
Partner
|
Partner | Total investments: 3 | Find email | |
Olumide Olagbegi
CFO
|
CFO | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company. | $10M / Series B / Sep 06, 2018 | ||
| Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company. | $15M / Series B / Oct 06, 2015 | ||
| Developer of Rendezvous social recommendations engine for online retail and places with an AI-powered Messenger bot. Rancard Inc., DE & CA (incorporated October 2016) is a startup subsidiary of Rancard Holdings, focused on Rendezvous, with its website socialrecommendations.com | Series B / Dec 11, 2013 | ||
| Developer of Rendezvous social recommendations engine for online retail and places with an AI-powered Messenger bot. Rancard Inc., DE & CA (incorporated October 2016) is a startup subsidiary of Rancard Holdings, focused on Rendezvous, with its website socialrecommendations.com | Series A / Jul 12, 2012 | ||
| Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company. | $9M / Series A / Jun 21, 2012 | ||
| Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. The company started operations in 2002 as a transaction switching and electronic payments processingcompany that builds and manages payment infrastructure as well as deliver innovative payment products and transactional services throughout the African continent. | $10.5M / Sep 05, 2011 | ||
| See all 7 investments → | |||
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FAQ
What does Adlevo Capital invest in?
Adlevo Capital invests primarily in Mobile, FinTech and Financial Services startups, most often at Series A and Series B stage. Most of the 7 investments tracked by Shizune back companies in Ghana. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Adlevo Capital's check size?
Adlevo Capital typically joins rounds of $10M–$15M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Adlevo Capital participates in.
How do I contact Adlevo Capital?
Public channels for Adlevo Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Adlevo Capital?
The team at Adlevo Capital includes Folabi Esan (Partner) and Olumide Olagbegi (CFO). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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