# Millicom (Tigo)

> Millicom (Tigo) is a VC fund in Luxembourg backing Mobile and Retail. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Luxembourg, Luxembourg
- Total investments: 4
- Last investment: Feb 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/millicom-international-cellular-tigo/
- X (Twitter): http://twitter.com/Millicom
- Website: http://www.millicom.com/
- Facebook: http://www.facebook.com/millicom

Millicom (Tigo) is a VC fund in Luxembourg focused on Mobile and Retail. Millicom Systems offers a range of digital services to over 50 million customers primarily under the Tigo brand in 15 markets in Africa and Latin America.The company’s online partnerships are active in 32 markets. Since the 1990s, the firm’s revenue has been driven mainly by mobile phone services, but it also offers cable, broadband,e-commerce, and other media services. In March 2013, the company announced a new strategy to double annual revenue to $9bn in 2017. It employs over 10,000 people; has corporate offices in Stockholm, London, Miami, and Luxembourg; and is listed on NASDAQ OMX Stockholm under the symbol MIC_SDB. Millicom Systems was founded in 1990 and in headquartered in London, United Kingdom.

## Contacts

5 contacts available for Millicom (Tigo). Shizune tracks 8 team members at Millicom (Tigo). Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/millicom-systems?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mobile | 1 | 25% |
| Retail | 1 | 25% |
| FinTech | 1 | 25% |
| Internet | 1 | 25% |
| Shopping | 1 | 25% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 25% |
| Series C | 1 | 25% |
| Series D | 1 | 25% |
| Corporate Round | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 1 | 25% |
| United Kingdom | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Andrzej Korzeniowski | Core Network Technology Strategy | 0 | — |
| Jacob Waern | M-Learning Director | 0 | — |
| José Antonio Ríos | CHAIRMAN OF THE BOARD OF DIRECTORS | 0 | — |
| Mario Zanotti | Senior Executive Vice President | 0 | — |
| Martin Gallone | VP Digital (CDO) | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| NJJ Millicom JV | NJJ Millicom JV is a jointly controlled vehicle owned 51% by NJJ and 49% by Millicom. |  | Corporate Round | Feb 10, 2026 |  |
| BIMA | BIMA is an insurtech player using mobile technology to provide insurance and health services to emerging markets. To serve its customers, the company has developed a proprietary technology platform, established exclusive partnerships with mobile operators, and built relationships with international insurers. BIMA utilizes its technology platform toserve customers in 13 countries across Asia, Africa, and Latin America and has reached to date 31 million subscribers. | $36.2M | Series D | Dec 19, 2017 |  |
| BIMA | BIMA is an insurtech player using mobile technology to provide insurance and health services to emerging markets. To serve its customers, the company has developed a proprietary technology platform, established exclusive partnerships with mobile operators, and built relationships with international insurers. BIMA utilizes its technology platform toserve customers in 13 countries across Asia, Africa, and Latin America and has reached to date 31 million subscribers. | $20M | Series C | Jul 01, 2015 |  |
| Jumia Group | Jumia Group connects consumers and businesses across Africa and beyond. Through their online platforms, consumers can access a wide range of products and services, from basic consumer goods to online travel. Jumia Group helps them save time and save money. Businesses use Jumia in order to distribute their products and services in a more efficientand scalable way, and helps them grow their business and benefit from the massive shift of consumers to online.Jumia Group aims to transform people's lives through technology. Jumia Group is embracing the digital shift of the entire African economy and supporting the growth of African companies while expanding their horizons. More than 50,000 local African companies and individuals have partnered with Jumia. Jumia Group is opening new opportunities for talented people by creating jobs and developing new skills in the continent. Jumia Group directly provide 3,000 jobs and many more through sellers and logistics partners. Jumia Group is committed to creating sustainable impact in Africa. | $150M | Series B | Nov 26, 2014 |  |

4 of 4 investments shown.

## Co-investors
- Digicel — VC Fund, 2 deals together
- [Kinnevik](https://shizune.co/investors/profile/investment-ab-kinnevik) — VC Fund, 2 deals together
- [Allianz X](https://shizune.co/investors/profile/allianz-x) — VC Fund, 1 deal together
- [AXA Group](https://shizune.co/investors/profile/axa) — VC Fund, 1 deal together
- [British International Investment](https://shizune.co/investors/profile/cdc-group) — VC Fund, 1 deal together
- [Goldman Sachs](https://shizune.co/investors/profile/goldman-sachs) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Millicom (Tigo) invest in?

Millicom (Tigo) invests primarily in Mobile, Retail and FinTech startups, most often at Series B and Series C stage. Most of the 4 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Millicom (Tigo)?

Public channels for Millicom (Tigo) 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 Millicom (Tigo)?

The team at Millicom (Tigo) includes Andrzej Korzeniowski (Core Network Technology Strategy), Jacob Waern (M-Learning Director) and José Antonio Ríos (CHAIRMAN OF THE BOARD OF DIRECTORS), among 8 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.

# 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