# Consonance Investment Managers

> Consonance Investment Managers is a VC fund in Lagos backing Software and Information Technology. See 37 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Lagos, Nigeria
- Total investments: 37
- Last investment: Jan 2023
- Lead investor: 46%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/consonance-investment-managers/
- Website: https://www.consonanceinvest.com

Consonance Investment Managers is a VC fund in Lagos focused on Software and Information Technology. Consonance Investment Managers is focused on making investments in high quality early stage and growing businesses across sub-Saharan Africa.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $550k–$4M |
| Pre-Seed | $450k–$1M |
| Series A | $50k–$10M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 16% |
| Information Technology | 6 | 16% |
| B2B | 4 | 11% |
| FinTech | 4 | 11% |
| Logistics | 4 | 11% |

62 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 17 | 46% |
| Series A | 8 | 22% |
| Pre-Seed | 5 | 14% |
| Funding Round | 1 | 3% |
| Convertible Note | 1 | 3% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 16 | 43% |
| United States | 5 | 14% |
| Kenya | 3 | 8% |
| United Kingdom | 2 | 5% |
| Uganda | 1 | 3% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Releaf Earth | Releaf is a supply chain technology firm that sources ingredients for African food factories. It aims to create climate-adaptive supply chains as Africa's population grows by 3 billion people. Releaf also provides extension services to smallholders, acts as a buyer of their products, and converts the raw material into factory-grade inputs forvegetable oil factories. Releaf uses digital technologies such as USSD and open banking, in addition to hardware, to work seamlessly with its network of over 2,000 smallholder farmers, who have supplied over 15 million kilograms of quality palm kernel nuts to food factories. | $3.3M | Seed | Jan 09, 2023 |  |
| Tripesa | Tripesa offers payment solutions for Africa's travel and tourism industry. |  | Pre-Seed | Aug 09, 2022 |  |
| EMTECH | EMTECH is a fintech company that modernizes central banks for financial inclusion and resilience. It offers design and builds services for digital currency-based solutions customized for their economy. The company was founded in 2019 and is based in New York, New York. | $3.9M | Seed | Jun 01, 2022 |  |
| Plural | Plural is a company that provides public policy tools to help teams save time and discover opportunities in workflows. | $10M | Series A | May 12, 2022 |  |
| Norebase | Norebase knows that there's an opportunity to grow successful businesses in Africa. It also understands the complexities of the market, and so is using technology to make doing business in Africa worthwhile. With Norebase get to operate in Africa with no hassle and with minimum risk. | $1M | Pre-Seed | May 04, 2022 |  |
| OnePort 365 | Oneport 365 is a B2B digital freight forwarding platform offering simplified, all-inclusive, and transparent freight forwarding services driven by technology. | $5M | Seed | Apr 28, 2022 |  |
| EMTECH | EMTECH is a fintech company that modernizes central banks for financial inclusion and resilience. It offers design and builds services for digital currency-based solutions customized for their economy. The company was founded in 2019 and is based in New York, New York. | $4M | Seed | Mar 02, 2022 |  |
| Shuttlers | Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region. | $1.6M | Seed | Nov 16, 2021 |  |
| Semicolon | Semicolon turning our vibrant youth population into an army of technologists, software developers, enterprise architects, project managers. | $1.2M | Seed | Nov 04, 2021 |  |
| Knabu Distributed Systems | We are a DLT company based in London and have started our bank authorization process to solve the problem of denial of bank accounts to blockchain businesses. We are building a Utility Bank from scratch & engineering it to leverage DLT. | $2.5M | Seed | Oct 01, 2021 |  |

10 of 37 investments shown.

## Co-investors
- [Kepple Africa Ventures](https://shizune.co/investors/profile/kepple-africa-ventures) — VC Fund, 5 deals together
- [Future Africa](https://shizune.co/investors/profile/future-africa) — VC Fund, 4 deals together
- [Launch Africa](https://shizune.co/investors/profile/launch-africa) — VC Fund, 4 deals together
- [Atlantica Ventures](https://shizune.co/investors/profile/atlantica-ventures-ac1b) — VC Fund, 3 deals together
- [LoftyInc Capital](https://shizune.co/investors/profile/loftyinc-capital-management) — VC Fund, 3 deals together
- [Octerra Capital](https://shizune.co/investors/profile/octerra-capital) — VC Fund, 3 deals together

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## FAQ

### What does Consonance Investment Managers invest in?

Consonance Investment Managers invests primarily in Software, Information Technology and B2B startups, most often at Seed and Series A stage. Most of the 37 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Consonance Investment Managers's check size?

Consonance Investment Managers typically joins rounds of $550k–$4M at Seed, $450k–$1M at Pre-Seed and $50k–$10M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Consonance Investment Managers participates in.

### When did Consonance Investment Managers last invest?

The most recent investment recorded for Consonance Investment Managers closed in Jan 2023. Shizune tracks 37 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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