# Aruwa Capital

> Aruwa Capital is a VC fund in Lagos backing Retail, FinTech and Health Care. See 22 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Lagos, Nigeria
- Total investments: 22
- Last investment: Jun 2026
- Lead investor: 82%
- Fund size: $20M
- Last fund: Dec 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/aruwa-capital-management/
- Website: https://www.aruwacapital.com/

Aruwa Capital is a VC fund in Lagos focused on Retail and FinTech. Aruwa Capital Management is a Lagos-based, female-founded and led growth equity impact fund.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $100k–$3M |
| Series A | $11M–$20M |
| Venture - Series Unknown | $1.5M–$2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 3 | 14% |
| FinTech | 3 | 14% |
| Health Care | 3 | 14% |
| Financial Services | 3 | 14% |
| Big Data | 2 | 9% |

33 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 36% |
| Venture - Series Unknown | 4 | 18% |
| Series A | 3 | 14% |
| Funding Round | 1 | 5% |
| Debt Financing | 1 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 9 | 41% |
| United States | 3 | 14% |
| France | 1 | 5% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yikodeen | Yikodeen is a well-known and established footwear manufacturing company. |  | Venture - Series Unknown | Jun 15, 2026 |  |
| Sika | Sika Box offers a comprehensive solution for global payment processing, focusing on bridging the payment divide between global enterprises and emerging markets. Utilizing blockchain and modern technologies, Sika Box re-engineers the payment process from customer acquisition to settlement. The platform enables merchants to offer alternate and localpayment options, facilitating seamless transactions. With a unified payment infrastructure named STASH, Sika Box allows merchants to consolidate payments from across the globe through a single payment gateway integration, simplifying the global commerce landscape for businesses. | $2M | Seed | Jun 08, 2026 |  |
| Koolboks | Koolboks manufactures solar-powered freezers and other refrigeration units. The products are designed to keep items cool and preserved without the need for a continuous power source. The company's product line includes freezers, chillers, ice makers, and specialized vaccine freezers. | $11M | Series A | Aug 27, 2025 |  |
| Yikodeen | Yikodeen is a well-known and established footwear manufacturing company. | $1.5M | Venture - Series Unknown | May 15, 2025 |  |
| OmniRetail | OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products. | $20M | Series A | Apr 28, 2025 |  |
| AgroEknor | AgroEknor provides agricultural research, integration, technology based optimization & global delivery of the agro superfoods. |  | Venture - Series Unknown | Jul 18, 2024 |  |
| MDaaS Global | MDaaS Global operates tech-enabled diagnostic centers in clinically-underserved communities. MDaaS Global connects low-income and middle-income patients with modern, convenient, and affordable diagnostic services, helping patients to identify health issues earlier, gain access to medical specialists and treatment options, and ultimately, livehealthier, happier lives. | $3M | Seed | Mar 06, 2024 |  |
| Fastizers | Fastizers Food and Confectionery Limited is a newly formed food production firm in Nigeria that has been approved by the National Agency for Food and Drug Administration and Control (NAFDAC). | $2M | Venture - Series Unknown | Jun 29, 2023 |  |
| OmniBiz | Omnibiz is a digital platform for small businesses willing to attract new customers. |  | Venture - Series Unknown | Jun 15, 2023 |  |
| OmniRetail | OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products. |  | Seed | Jun 15, 2023 |  |

10 of 22 investments shown.

## Co-investors
- [HAVAÍC](https://shizune.co/investors/profile/havaic-sa) — VC Fund, 3 deals together
- [AAIC Holdings](https://shizune.co/investors/profile/aaic-holdings) — VC Fund, 2 deals together
- [Acumen](https://shizune.co/investors/profile/acumen-fund) — VC Fund, 2 deals together
- [All On](https://shizune.co/investors/profile/all-on) — VC Fund, 2 deals together
- [HealthCap](https://shizune.co/investors/profile/flying-doctors-healthcare-investment-company) — VC Fund, 2 deals together
- [Health54](https://shizune.co/investors/profile/health54) — VC Fund, 2 deals together

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## FAQ

### What does Aruwa Capital invest in?

Aruwa Capital invests primarily in Retail, FinTech and Health Care startups, most often at Seed and Venture - Series Unknown stage. Most of the 22 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Aruwa Capital's check size?

Aruwa Capital typically joins rounds of $100k–$3M at Seed, $11M–$20M at Series A and $1.5M–$2M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Aruwa Capital participates in.

### When did Aruwa Capital last invest?

The most recent investment recorded for Aruwa Capital closed in Jun 2026. Shizune tracks 22 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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.

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