# LeapFrog Investments

> LeapFrog Investments is a VC fund backing Financial Services and Finance. See 77 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Port Louis Town, Mauritius
- Total investments: 77
- Last investment: May 2026
- Lead investor: 53%
- Last fund: Nov 2024
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/leapfrog-investments
- X (Twitter): http://twitter.com/LeapFrogInvest
- Website: http://www.leapfroginvest.com/
- Facebook: https://www.facebook.com/leapfrog-investments-208705865817720

LeapFrog Investments is a private equity firm specializing in growth-stage and expansion investments. It does not invest in green fields or startups. The firm invests in financial institutions, distributors for financial products, or enablers of financial services, such as administrators or technology platforms.

## Contacts

5 contacts available for LeapFrog Investments. Shizune tracks 16 team members at LeapFrog Investments. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/leapfrog-investments-llc?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series C | $20M–$90M |
| Private Equity | $9.3M–$110M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 27 | 35% |
| Finance | 18 | 23% |
| Insurance | 13 | 17% |
| FinTech | 12 | 16% |
| Health Care | 8 | 10% |

62 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 15 | 19% |
| Funding Round | 10 | 13% |
| Series C | 7 | 9% |
| Series D | 7 | 9% |
| Series B | 6 | 8% |

14 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 18 | 23% |
| Nigeria | 4 | 5% |
| United Kingdom | 4 | 5% |
| United States | 3 | 4% |
| Ghana | 2 | 3% |

15 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Andrew Kuper | Founder and CEO | 2 | https://shizune.co/investors/profile/dr-andrew-kuper |
| Biju Mohandas | Partner & Global Co-Lead, Healthcare | 7 | https://shizune.co/investors/profile/biju-mohandas |
| Dominic Liber | Partner | 0 | https://shizune.co/investors/profile/dominic-liber |
| Doug Lacey | Partner | 0 | https://shizune.co/investors/profile/doug-lacey |
| Gary Herbert | Co-Founder, COO & Partner | 0 | https://shizune.co/investors/profile/gary-herbert |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Pharmacity | Pharmacity is a pharmacy. They offer prescription and non-prescription drugs, health, personal, and beauty care products, oriental medicine, functional foods, vitamin supplements, and minerals to consumers through their online web store and physical pharma stores. |  | Private Equity | May 26, 2026 |  |
| Shubham Housing Development Finance Company | Shubham Housing Development Finance Company was incorporated with a mission to provide Home loans and Home Improvement loans to customers who would normally fall outside the ambit of traditional lending institutions. Shubham is amongst the first organisations in the country focused on helping urban low-income and informal income families own a homeby providing formal credit. Shubham's operating model seeks to transcend document based underwriting and follow an interview based approach to understand the customer's income and expense flows. | $96M | Secondary Market | Mar 19, 2026 |  |
| Shubham Housing Development Finance Company | Shubham Housing Development Finance Company was incorporated with a mission to provide Home loans and Home Improvement loans to customers who would normally fall outside the ambit of traditional lending institutions. Shubham is amongst the first organisations in the country focused on helping urban low-income and informal income families own a homeby providing formal credit. Shubham's operating model seeks to transcend document based underwriting and follow an interview based approach to understand the customer's income and expense flows. | $96M | Secondary Market | Mar 19, 2026 |  |
| ReNew | ReNew is India’s leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of approximately 13.7GW on a gross basis as of March 31, 2023, is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in a just andinclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit https://www.renew.com | $95M | Post-IPO Equity | Mar 16, 2026 |  |
| Moniepoint | Moniepoint is a financial technology company that renders payments, credit, business management, and banking services for businesses. | $90M | Series C | Oct 21, 2025 |  |
| Battery Smart | Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models. | $29M | Series B | May 30, 2025 |  |
| HealthifyMe | HealthifyMe is an application that allows its users to achieve their fitness and weight loss goals from their computers and smartphones.The application enables its users to track their calories, nutrition, and fitness activities; track their weight and determine if they are healthy; set healthy goals and work toward meeting them; share theirdata with experts; and get expert advice and suggestions on their lifestyles.HealthifyMe was developed and launched by a team of doctors, nutritionists, and fitness trainers in 2012. It is based in Bangalore, India. | $20M | Series D | Oct 25, 2024 |  |
| Zepz | Zepz is an online service that lets people send money to friends and family living abroad, using a computer, smartphone, or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge high fees. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtimetop-up.Zepz's service is available to senders in 50 countries. They offer transfers to more than 140+ destinations across Europe, Asia, Africa, Australia, and the Americas. | $267M | Series F | Oct 04, 2024 |  |
| Redcliffe Labs | Redcliffe LifetechRedcliffe Lifesciences specializes in reproductive health testing, rare diseases, and cancer genetic diagnostics. The company offers a wide range of advanced products and services for healthcare companies, research institutions, and other public and private partnerships, such as testing using molecular and gene-based diagnostics,therapeutic molecules and advanced therapies, next-generation sequencing, and all bioinformatics services. | $42M | Series C | Sep 17, 2024 |  |
| Auxilo | Auxilo Finserve is a pro-education NBFC poised on serving the financing gaps in the Indian education sector, with its focus on students and scaling the education infrastructure through innovative financial solution delivery. At Auxilo, they effectively use technology to cater to the dynamic and challenging needs of the educational ecosystem andenable freedom of financial access throughout the nation by building inclusive financial algorithms and models that support the development of education. They aim to serve aspiring students across segments, be it Graduate or Post Graduate courses in India or abroad in countries like US, UK, Canada, New Zealand, Germany, Australia and any upcoming student-attractive countries. | $33.4M | Private Equity | Jul 15, 2024 |  |

10 of 77 investments shown.

## Co-investors
- [TCV](https://shizune.co/investors/profile/technology-crossover-ventures) — VC Fund, 7 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 6 deals together
- [International Finance Corporation](https://shizune.co/investors/profile/international-finance-corporation) — VC Fund, 6 deals together
- [Flourish Ventures](https://shizune.co/investors/profile/flourish-venture) — VC Fund, 5 deals together
- [Goldman Sachs](https://shizune.co/investors/profile/goldman-sachs) — VC Fund, 5 deals together
- [Sofina](https://shizune.co/investors/profile/sofina) — VC Fund, 5 deals together

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## FAQ

### What does LeapFrog Investments invest in?

LeapFrog Investments invests primarily in Financial Services, Finance and Insurance startups, most often at Private Equity and Funding Round stage. Most of the 77 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is LeapFrog Investments's check size?

LeapFrog Investments typically joins rounds of $20M–$90M at Series C and $9.3M–$110M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds LeapFrog Investments participates in.

### How do I contact LeapFrog Investments?

Public channels for LeapFrog Investments include LinkedIn, X (Twitter) 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 LeapFrog Investments?

The team at LeapFrog Investments includes Andrew Kuper (Founder and CEO), Biju Mohandas (Partner & Global Co-Lead, Healthcare) and Dominic Liber (Partner), among 16 team members tracked by Shizune. 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.

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