# Adlevo Capital > Adlevo Capital is a VC fund in Lagos backing Mobile and FinTech. See 6 investments, check sizes, portfolio and contact details. Updated Aug 2026. - Type: VC Fund - Location: Lagos, Nigeria - Total investments: 6 - Last investment: Sep 2011 - Lead investor: 50% - Last updated: Aug 2026 - LinkedIn: https://www.linkedin.com/company-beta/1335685/ - Website: http://www.adlevocapital.com 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. ## Contacts 5 contacts available for Adlevo Capital. Shizune tracks 2 team members at Adlevo Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/adlevo-capital?utm_source=investor_profile ## Round sizes | Stage | Round size | | --- | --- | | Series B | $10M–$15M | ## Investment focus ### Industry | Industry | Investments | Share | | --- | --- | --- | | Mobile | 2 | 33% | | FinTech | 2 | 33% | | Financial Services | 2 | 33% | | Finance | 1 | 17% | | Internet | 1 | 17% | 9 industries tracked in total. ### Stage | Stage | Investments | Share | | --- | --- | --- | | Series A | 2 | 33% | | Series B | 2 | 33% | | Funding Round | 1 | 17% | ### Country | Country | Investments | Share | | --- | --- | --- | | Ghana | 1 | 17% | | Nigeria | 1 | 17% | | United Kingdom | 1 | 17% | ## Team | Name | Title | Investments | Profile | | --- | --- | --- | --- | | Folabi Esan | Partner | 2 | https://shizune.co/investors/profile/folabi-esan | | Olumide Olagbegi | CFO | 0 | https://shizune.co/investors/profile/olumide-olagbegi | ## Investments | Company | Description | Amount | Stage | Date | Website | | --- | --- | --- | --- | --- | --- | | Paga | 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 | 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 | | | Rancard | 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 | | | Rancard | 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 | 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 | 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 | | 6 of 6 investments shown. ## Co-investors - [Goodwell Investments](https://shizune.co/investors/profile/goodwell-investments) — VC Fund, 3 deals together - [Omidyar Network](https://shizune.co/investors/profile/omidyar-network) — VC Fund, 3 deals together - [Acumen](https://shizune.co/investors/profile/acumen-fund) — VC Fund, 2 deals together - [Capricorn Investment Group](https://shizune.co/investors/profile/capricorn-investment-group) — VC Fund, 2 deals together - [Intel Capital](https://shizune.co/investors/profile/intel-capital) — VC Fund, 2 deals together - [Global Innovation Fund](https://shizune.co/investors/profile/global-innovation-fund) — VC Fund, 1 deal together ## Similar investors ### Similar industry - [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund - [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund - [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund ### Similar stage - [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund - [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund - [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund ### Similar country - [Golden Palm Investments](https://shizune.co/investors/profile/golden-palm-investments) — VC Fund - [Good Soil VC](https://shizune.co/investors/profile/good-soil-vc) — VC Fund - [Launch Africa](https://shizune.co/investors/profile/launch-africa) — VC Fund ## Featured in investor lists - [All Investors in Ghana](https://shizune.co/investors/investors-ghana) - [All VC Funds in Ghana](https://shizune.co/investors/vc-funds-ghana) - [Finance Investors in Nigeria](https://shizune.co/investors/finance-investors-nigeria) - [Finance VC Funds in Nigeria](https://shizune.co/investors/finance-vc-funds-nigeria) - [Payments Investors in Nigeria](https://shizune.co/investors/payments-investors-nigeria) - [Payments VC Funds in Nigeria](https://shizune.co/investors/payments-vc-funds-nigeria) ## 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 6 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co