# Folabi Esan

> Folabi Esan is a pre-seed investor at Adlevo Capital backing AgTech and FinTech. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Adlevo Capital](https://shizune.co/investors/profile/adlevo-capital)
- Total investments: 2
- Last investment: Jun 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://ng.linkedin.com/pub/folabi-esan/0/238/b7b

Folabi Esan is a pre-seed investor at Adlevo Capital focused on AgTech and FinTech. Folabi Esan has been a partner at Adlevo Capital since it was founded in 2007.Prior to joining Adlevo Capital, Folabi was the founder and Managing Consultant of Catalyst TDC, a Nigeria-based consulting firm that advises clients on technology adoption issues within their companies. Prior to founding Catalyst TDC, Folabi was the Managing Directorof SAP Nigeria, the Nigerian subsidiary of the leading enterprise software company, for five years. He successfully drove the company to profitability within three years and was instrumental in building the company up to its current position as the leading provider of enterprise software to large corporations in the region.Before he joined SAP, Folabi managed Heureka Consulting, a marketing consulting firm that provided consulting services to small and mid-sized IT Companies in Nigeria. He started Heureka Consulting after founding and running Wood Products Limited, a Nigeria-based manufacturer of wood products. Folabi’s previous experience also includes positions with Bain & Company in the US and Andersen Consulting in Nigeria.Folabi received a B. Eng. in Mechanical Engineering (First Class Division) from Ahmadu Bello University, an M.S. in Manufacturing Systems Engineering from Stanford University, and an M.Sc. in Innovation Management and Technology Policy from University of London.

## Round sizes

| Stage | Round size |
| --- | --- |
| Pre-Seed | $597k–$1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| AgTech | 1 | 50% |
| FinTech | 1 | 50% |
| Finance | 1 | 50% |
| Mobile Payments | 1 | 50% |
| Internet of Things | 1 | 50% |

6 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 1 | 50% |
| Nigeria | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| COOKO | “Cooko” means “Source” or “Wellspring” in the proto-Bantu language of West Africa. This reflects the spirit of the company. We aim to go to the source, to work from the ground up to improve the livelihood of Cacao farmers.Our key innovation changes the way that cacao is sourced. Not only does it provide a better quality bean, we also providefirst-mile traceability. This has been identified as the key factor in transforming the industry into a more sustainable and equitable economic force.The farmer benefits: In one day they can make the money that would have required 10 days labour.The industry benefits: International traders are increasingly frustrated with low-grade cacao, contaminated with everything from stones to unfermented beans. By changing the first step in the process we lock the beans into a controlled refinement process.The consumer benefits: When you see the source-fermented™ label, you will know that your cacao (or chocolate) has been equitably sourced. | $596.9K | Pre-Seed | Jun 25, 2021 |  |
| OnePipe | OnePipe simplifies complex infrastructure so you can focus on creating market-defining innovations. Banks and fintech partners of OnePipe have contributed the majority of the underlying infrastructure required to establish your product as a service. | $1M | Pre-Seed | Dec 17, 2020 |  |

2 of 2 investments shown.

## Co-investors
- [Atlantica Ventures](https://shizune.co/investors/profile/atlantica-ventures-ac1b) — VC Fund, 1 deal together
- [Future Perfect Ventures](https://shizune.co/investors/profile/future-perfect-ventures) — VC Fund, 1 deal together
- [Ingressive Capital](https://shizune.co/investors/profile/ingressive-capital) — VC Fund, 1 deal together
- [P1 Ventures](https://shizune.co/investors/profile/p1-ventures) — VC Fund, 1 deal together
- [Raba Partnership](https://shizune.co/investors/profile/rabba-capital) — VC Fund, 1 deal together
- [Sherpa Africa Partners](https://shizune.co/investors/profile/sherpa-africa-partners) — VC Fund, 1 deal together

## About 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.

2 contacts available at Adlevo Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Folabi Esan | Partner | https://shizune.co/investors/profile/folabi-esan |
| Olumide Olagbegi | CFO | https://shizune.co/investors/profile/olumide-olagbegi |

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## FAQ

### What does Folabi Esan invest in?

Folabi Esan invests primarily in AgTech, FinTech and Finance startups, most often at Pre-Seed stage. Most of the 2 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Folabi Esan's check size?

Folabi Esan typically joins rounds of $597k–$1M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Folabi Esan participates in.

### When did Folabi Esan last invest?

The most recent investment recorded for Folabi Esan closed in Jun 2021. Shizune tracks 2 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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