# SMEFUNDS Capital

> SMEFUNDS Capital is a VC fund in Lagos backing Energy, Biofuel and FinTech. See 3 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Lagos, Nigeria
- Total investments: 3
- Last investment: Apr 2021
- Lead investor: 0%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/smefunds-capital
- Website: https://x.com/smefunds

SMEFUNDS Capital is a VC fund in Lagos focused on Energy and Biofuel. SMEFUNDS CAPITAL LIMITED is a venture capital (VC) firm focused on investing and facilitating investments in climate impact and resilient enterprises and projects, as well as developing the capacities of critical actors in climate impact ecosystem, in Nigeria, and across Africa.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $550k–$4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 33% |
| Biofuel | 1 | 33% |
| FinTech | 1 | 33% |
| Manufacturing | 1 | 33% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 67% |
| Private Equity | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 2 | 67% |
| United States | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kike AI | Kike AI predicts gas levels, connects users with affordable fuel suppliers, and offers personalised kitchen assistance, including recipe suggestions, dietary guidance, and appliance troubleshooting. | $550K | Seed | Apr 11, 2021 |  |
| OneWattSolar | OneWattSolar is a FinTech Energy Blockchain Ecosystem that delivers affordable electricity to SMEs, Households, Telco towers, Banks, ATM Operators, and Health Facilities. Through an innovative energy-as-a-service model OneWattSolar pays for, installs, owns and operates Solar Rooftop Energy Unit, also known as Solar Home System (SHS). Herebyenabling energy consumers to access solar energy with zero up-front investment from, no out of pocket expenses and 24/7 access to electricity while they pay monthly for the energy consumed. | $8M | Private Equity | Jan 02, 2021 |  |
| Green Energy Biofuels | Civil society / Commercial society / Other types of companies | $4M | Seed | Mar 03, 2015 |  |

3 of 3 investments shown.

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## Featured in investor lists
- [Energy Investors in Nigeria](https://shizune.co/investors/energy-investors-nigeria)
- [Energy VC Funds in Nigeria](https://shizune.co/investors/energy-vc-funds-nigeria)

## FAQ

### What does SMEFUNDS Capital invest in?

SMEFUNDS Capital invests primarily in Energy, Biofuel and FinTech startups, most often at Seed and Private Equity stage. Most of the 3 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is SMEFUNDS Capital's check size?

SMEFUNDS Capital typically joins rounds of $550k–$4M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds SMEFUNDS Capital participates in.

### When did SMEFUNDS Capital last invest?

The most recent investment recorded for SMEFUNDS Capital closed in Apr 2021. Shizune tracks 3 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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