# SMEDAN

> SMEDAN is a VC fund in Abuja backing Retail, Hospital and Security. See 2 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Abuja, Nigeria
- Total investments: 2
- Last investment: Sep 2019
- Lead investor: 0%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/smedan
- Website: https://x.com/smedaninfo
- Facebook: https://www.facebook.com/smedaninfo

SMEDAN is a VC fund in Abuja focused on Retail and Hospital. Agency of Federal government of Nigeria supporting small and Medium size enterprises.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 50% |
| Hospital | 1 | 50% |
| Security | 1 | 50% |
| Commercial | 1 | 50% |
| E-Commerce | 1 | 50% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Grant | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 1 | 50% |
| South Africa | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Intelligent Safe | Intelligent Safe is a manufacturer of computer-controlled functional safety compartments that provide security against armed robberies of stock. They offer layered access control, safes and locks, security doors, and an alarm system. It serves retail environments, commercial places, banks, and highly confident environments. | $20K | Grant | Sep 18, 2019 | https://x.com/safeintelligent |
| Touchabl Pictures | Touchabl, a deep tech company, is making buying & selling of fashion stress-free in Africa in the fashion space. We have developed an AI system that enable anyone shop for fashion items instantly by touch it in an existing picture or by snap it. Our solution is currently helping some tailors in Aba find exact textile materials for their work bytaking picture of a sample material. It makes us happy because sourcing for textile material natural takes hours, now it takes seconds. We are connecting cloth retailer with new customers effortlessly. We are exciting about this journey. | $278 | Seed | May 18, 2018 | https://x.com/itzTouchabl |

2 of 2 investments shown.

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## FAQ

### What does SMEDAN invest in?

SMEDAN invests primarily in Retail, Hospital and Security startups, most often at Seed and Grant stage. Most of the 2 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did SMEDAN last invest?

The most recent investment recorded for SMEDAN closed in Sep 2019. 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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