# Pardon Makumbe

> Pardon Makumbe is a seed investor at CRE Venture Capital (New York) backing B2B and Blockchain. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [CRE Venture Capital](https://shizune.co/investors/profile/africa-angels-network)
- Location: New York, United States
- Total investments: 8
- Last investment: May 2023
- Lead investor: 63%
- Last updated: Aug 2026

Pardon Makumbe is a seed investor at CRE Venture Capital in New York focused on B2B and Blockchain. Pardon is a Managing Partner at CRE Venture Capital. He was previously a Principal at EL Rothschild in New York and London. Earlier on, he worked at Bain & Company in New York, at Emerging Capital Partners in Johannesburg, and at Temasek Holdings in Singapore. He is a graduate of Princeton University and the Wharton School of Business.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 2 | 25% |
| Blockchain | 2 | 25% |
| Gaming | 1 | 13% |
| Mobile | 1 | 13% |
| Rental | 1 | 13% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 75% |
| Series B | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 1 | 13% |
| Singapore | 1 | 13% |
| South Africa | 1 | 13% |
| United States | 1 | 13% |
| United Kingdom | 1 | 13% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sabi Am | Sabi is a provider of digital infrastructure for the distribution of goods and services. Its platform enables and empowers underserved merchants in the world, allowing agents, merchants, aggregators, distributors, and manufacturers to expand their capabilities and grow their businesses using Sabi’s technology rails. These rails provide access toinventory, commodities, logistics, business tools, data insights, and financial services. | $38M | Series B | May 19, 2023 |  |
| Sabi Am | Sabi is a provider of digital infrastructure for the distribution of goods and services. Its platform enables and empowers underserved merchants in the world, allowing agents, merchants, aggregators, distributors, and manufacturers to expand their capabilities and grow their businesses using Sabi’s technology rails. These rails provide access toinventory, commodities, logistics, business tools, data insights, and financial services. | $2M | Seed | Aug 30, 2021 |  |
| Notabene | Notabene was founded to build SWIFT for Crypto. Notabene Transact, their core offering is now processing $5B of transactions a day between thousands of regulated institutions for purposes. They just launched Notabene Flow, the only B2B focused VisaNet like pull payment layer for stablecoins to their network. Notabene Flow allows their networkmembers to offer better high margin B2B high margin services, such as recurring and agentic cross border B2B payments that no one has been able to solve at scale using stablecoins. | $1.8M | Seed | Nov 24, 2020 |  |
| Carry1st | Carry1st is a full-stack publisher of social games and interactive content with a focus on frontier markets like Africa. Founded in 2018 by Cordel Robbin-Coker, Lucy Hoffman, and Tino Mundangepfupfu, Carry1st employs a team of 29 people across 14 countries hailing from top companies like Carlyle, King, Jumia, Rovio, Socialpoint, and Wargaming. Ithas raised over $10m to date including a recent $7m Series A headlined by Riot Games, Konvoy Ventures, Raine, and Akatsuki. Carry1st will use the funding to launch and scale its existing portfolio, secure new partnerships with global gaming studios, and expand its team. | $2.5M | Seed | May 28, 2020 |  |
| Carry1st | Carry1st is a full-stack publisher of social games and interactive content with a focus on frontier markets like Africa. Founded in 2018 by Cordel Robbin-Coker, Lucy Hoffman, and Tino Mundangepfupfu, Carry1st employs a team of 29 people across 14 countries hailing from top companies like Carlyle, King, Jumia, Rovio, Socialpoint, and Wargaming. Ithas raised over $10m to date including a recent $7m Series A headlined by Riot Games, Konvoy Ventures, Raine, and Akatsuki. Carry1st will use the funding to launch and scale its existing portfolio, secure new partnerships with global gaming studios, and expand its team. | $2.5M | Seed | Apr 23, 2020 |  |
| FlexClub | FlexClub is a mobility platform that enables customers to easily build their own car subscription plan. Customers can subscribe to a car for a minimum of one month and cancel or change their plan anytime without penalties. | $1.2M | Seed | Mar 19, 2019 |  |
| Asoko Insight | Asoko Insight is Africa’s leading corporate information platform, providing market mapping solutions to investment firms, banks, corporates and governments looking for research on Africa’s key private sector landscapes. Users can access industry reports, supply chain analyses, and a database of companies to help with origination, businessdevelopment and due diligence. The company's local research analysts, based out of several regional offices, work with executives and data partners to monitor corporate data from key companies in the region. As Asoko consolidates their footprint in the largest economies, they are also expanding data collection operations to surrounding countries across the continent. | $1.4M | Seed | Nov 17, 2015 |  |
| Flood | Flood is a marketplace platforms that provides merchant solution, self services and big data solution. | $2.5M | Seed |  |  |

8 of 8 investments shown.

## Co-investors
- [Lateral Frontiers](https://shizune.co/investors/profile/lateral-capital) — VC Fund, 3 deals together
- [Chandaria Capital](https://shizune.co/investors/profile/chandaria-capital) — VC Fund, 2 deals together
- [Future Hub](https://shizune.co/investors/profile/future-hub) — VC Fund, 2 deals together
- [Janngo](https://shizune.co/investors/profile/janngo-africa) — VC Fund, 2 deals together
- [Perivoli Innovations](https://shizune.co/investors/profile/perivoli-innovations) — VC Fund, 2 deals together
- [Atlantica Ventures](https://shizune.co/investors/profile/atlantica-ventures-ac1b) — VC Fund, 1 deal together

## About CRE Venture Capital

VC Fund · New York, United States

Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.

5 contacts available at CRE Venture Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Devon Tomb | Finance and Reporting | https://shizune.co/investors/profile/devon-tomb-503e |
| Pardon Makumbe | Managing Partner | https://shizune.co/investors/profile/pardon-makumbe |
| Ahunna Ogunedo | Investment Professional | https://shizune.co/investors/profile/ahunna-ogunedo |
| David Eddyabasi | Investment Professional | https://shizune.co/investors/profile/david-eddyabasi |
| Robel Chiappini | Investment Professional | https://shizune.co/investors/profile/robel-chiappini |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Pardon Makumbe invest in?

Pardon Makumbe invests primarily in B2B, Blockchain and Gaming startups, most often at Seed and Series B stage. Most of the 8 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Pardon Makumbe last invest?

The most recent investment recorded for Pardon Makumbe closed in May 2023. Shizune tracks 8 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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