Tony Elumelu Foundation
VC Fund
Lagos, Nigeria
Tony Elumelu Foundation is a VC fund in Lagos focused on AgTech and Software. The Tony Elumelu Foundation is a non-profit organization that supports entrepreneurship in Africa. It specializes in entrepreneurship, leadership development, and business leadership training. The company features an entrepreneurship development programs to help entrepreneurs. The company was founded in 2010 and headquartered in Lagos, Nigeria.
- Total investments:
- 11
- Last investment:
- Lead investor:
- 27%
Last updated:
For AI agents: llms.txt
Industries Tony Elumelu Foundation invests in
Stages Tony Elumelu Foundation invests in
Countries Tony Elumelu Foundation invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Christian Richmond Nzi
|
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Detrick DeBurr
|
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Tony Elumelu
|
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Victor Tubotamuno
|
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Investment Focus
Industry
- AgTech 2 (18%)
- Software 2 (18%)
- Service Industry 2 (18%)
- Drones 1 (9%)
- FinTech 1 (9%)
Stage
- Grant 8 (73%)
- Pre-Seed 2 (18%)
- Seed 1 (9%)
Country
- Nigeria 3 (27%)
- Zambia 2 (18%)
- South Africa 2 (18%)
- Kenya 1 (9%)
- Botswana 1 (9%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Christian Richmond Nzi
Mentor
|
Mentor | Total investments: 0 | Find email | |
|
Detrick DeBurr
Mentor
|
Mentor | Total investments: 0 | Find email | |
|
Tony Elumelu
Founder
|
Founder | Total investments: 0 | Find email | |
|
Victor Tubotamuno
Business Coach
|
Business Coach | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
The Marking App
|
The Marking App provides a data-free application that automatically marks handwritten school assessments while also automating school administration. | Grant / May 22, 2026 | |
Majons Media
|
Majons Media Ltd is a media and intelligence company focused on building Africa’s knowledge infrastructure. The company operates at the intersection of business and economic journalism, emerging market intelligence research, and entrepreneurship storytelling. Through its platforms, Majons Media Ltd helps founders, investors, institutions,policymakers, and global audiences understand Africa’s markets with depth, context, and clarity.Its portfolio includes African Economy Inc., a business and economic news platform covering African markets and policy; Majons Research Institute, which produces emerging market intelligence, analysis, and reports; and Entrepreneurs Africa, a media platform documenting and amplifying the stories of African founders and business leaders.Majons Media Ltd is backed by the Tony Elumelu Foundation and is building long term, institutional media and research platforms designed to outlast news cycles and shape how Africa’s economic story is understood globally. | $5K / Grant / Nov 25, 2025 | |
DalmarApp
|
DalmarApp is a groundbreaking platform transforming tourism in Africa by connecting global travelers with authentic, undiscovered local experiences. Aiming to become the "Booking" of Africa, DalmarApp offers users the opportunity to explore and book unique adventures across all African countries, striving to double the number ofinternational tourists visiting the continent.Built on core values of Adventure, Transparency, Safety, Sharing, and Authenticity, DalmarApp ensures unforgettable and secure journeys for every traveler. With an extensive network of local partners, our platform provides access to a wide range of accommodations, activities, and guided tours, all tailored to showcase Africa's diverse cultures and landscapes. DalmarApp's commitment to excellence and innovation sets it apart as a leader in African tourism, creating meaningful connections and memorable experiences for travelers worldwide. | $5K / Grant / Dec 10, 2024 | |
Tetafi
|
Tetafi an AI-powered financial management platform that helps informal businesses, startups, and entrepreneurs manage their daily transactions through a conversational interface on WhatsApp. | Grant / Nov 04, 2024 | |
Dawa Health
|
DawaMom is a standardized mobile clinic that delivers maternal and neonatal health through a digital health platform leveraging a wide network of trained 1st level clinicians and community health workers (CHWs) for emerging markets. | $250K / Pre-Seed / Sep 18, 2022 | |
Goliath Aerospace Technology
|
Goliath Aerospace technology – a professional drone service provider specialized in aerial data collection, analysis and consultancy in agriculture and forestry. Information collected can be utilized for crop diagnosis of pests and diseases, crop nutrient management, deforestation monitoring, carbon capture readings and forest fire prevention. It’sfast, effective and does not upset the natural balance. | $5K / Seed / Feb 10, 2022 | |
CLIVICE
|
Clivice Limited, headquartered in Nairobi, is a creative mobile application company that leverages technology to deliver services to end consumers. | $5K / Grant / Jan 01, 2022 | |
Servicata
|
Servicata is an innovative online marketplace designed to connect service providers and customers within Southern Africa. Our platform leverages the power of technology to create a seamless, social-driven environment where users can discover, book, and review a wide range of local services—from professional trades such as plumbers and electriciansto freelancers, consultants, and small business owners.Through Servicata, service providers can grow their customer base and gain visibility, while customers can easily access trusted, rated professionals for their personal or business needs. Our mission is to empower local economies by fostering a dynamic ecosystem of service exchange, supported by intuitive features like real-time booking, secure payments, and user-driven recommendations.Targeting urbanized areas with growing internet penetration, Servicata aims to bridge the gap between service providers and their clientele in one convenient, social-first platform. Join us as we redefine how services are sourced, booked, and delivered. | $5K / Pre-Seed / Sep 16, 2021 | |
Evet
|
Livestock animal healthcare in Africa is fundamentally broken. In a place like Nigeria, for every 100,000 livestock farmers there is less than 5 veterinary doctors to serve them and even very limited veterinary diagnostic laboratories to assist animal healthcare experts to better diagnose and treat effectively. This further affects our food systemas about 40% livestock animals are lost to diseases annually. At Evet we are committed to solving this problem by building an end to end tech enabled solution that conveniently delivers quality animal healthcare to farmer's door step. Our solution is making it ten times faster and cheaper for farmers and veterinarians to detect diseases early enough and prevent diseases outbreak | $5K / Grant / Feb 02, 2021 | |
NAYAMAX
|
NAYAMAX is a pan-African e-commerce ecosystem empowering SMEs to thrive in the digital economy through integrated solutions. Combining a SaaS platform for easy online store creation, OUCEST (a geolocation and digital addressing system for optimized logistics), and E-commerce Connect (an advocacy network for regulatory harmonization), NAYAMAXbridges the gap between informal commerce and modern digital infrastructure.Key Offerings: 1- SaaS Platform: Enables SMEs to build and manage online stores without technical skills. 2- OUCEST: Streamlines last-mile delivery with AI-powered addressing, adopted by multinationals. 3- E-commerce Connect: Advocates for standardized e-commerce policies across Africa via partnerships with institutions like the Association of e-commerce actors of Burkina FasoBacked by Founder Institute.Vision: Democratize e-commerce access for 100,000 African SMEs by 2030 and position OUCEST as the continent’s addressing standard.Key Differentiators: 1- All-in-One Ecosystem: Unifies SaaS, logistics, and policy advocacy. 2- Offline-First Approach: Mobile app with SMS sync for low-connectivity regions. 3- Community-Driven: Locally adapted solutions co-built with SMEs. | $1.5K / Grant / Dec 20, 2019 | |
| See all 11 investments → | |||
Co-Investors
African Innovation Foundation
1 deal together
Meta
1 deal together
Grand Challenges Canada
1 deal together
Injini
1 deal together
Johnson & Johnson Foundation
1 deal together
Patrick J. McGovern Foundation
1 deal together
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FAQ
What does Tony Elumelu Foundation invest in?
Tony Elumelu Foundation invests primarily in AgTech, Software and Service Industry startups, most often at Grant and Pre-Seed stage. Most of the 11 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 Tony Elumelu Foundation?
Public channels for Tony Elumelu Foundation 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 Tony Elumelu Foundation?
The team at Tony Elumelu Foundation includes Christian Richmond Nzi (Mentor), Detrick DeBurr (Mentor) and Tony Elumelu (Founder). 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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