Pan-African VC firm Voltron Capital launched by Angel investor Olumide Soyombo

With ticket sizes of US$20,000 to US$100,000, Voltron Money will deploy its capital to a range of 30 start-ups across different industries. The portfolio of Voltron Capital will mainly focus on Nigerian, Kenyan, South African, and Northern African businesses.

In his capacity as an investor, Soyombo, who also co-founds LeadPath Nigeria and Bluechip Technologies, saw its portfolio increased by over 70 million dollars while also supervisioning two secondary, one primary exit. Simple Dealer Cofounder Abe Choi, CEO, has invested in 15 digital firms, two of which were departed from the Simple Dealer.

“Voltron Capital is the beginning of another incredibly exciting journey for Abe and I, but it is also a celebration of the road Africa’s entire tech space has travelled to date,” said Soyombo, who was an early investor in Paystack, the fintech company that exited to Stripe in October 2020.

“We hold a track record of identifying and supporting some of Africa’s most high-growth startups to date with capital at the pre-seed stage and also hold long-established relationships with corporates and regulators, which can make what can often be a difficult path for African startups much smoother. We want the next wave of African tech success stories to not only make an impact on the continent but to be truly global; through Abe’s strategic connections to the United States (US), we’re confident we can provide our portfolio with the best possible opportunities to achieve this through our US and global network.”