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Adamantium Fund is an early-stage venture capital firm investing in African startups. It provides seed capital to entrepreneurs developing technology-driven solutions for critical challenges in education, healthcare, transportation, agriculture, and finance. The fund targets companies addressing the needs of Africa’s growing, digitally-connected population, fostering local innovation and economic development.
The fund was founded by Olumide Ogunsanwo, a professional with a background from MIT, Oxford, Google Bizops, and McKinsey. Ogunsanwo established Adamantium Fund recognizing substantial opportunities in Africa's demographic trends and increasing digital adoption. His experience in strategy and technology underpins the fund's mission to nurture African tech ventures, complementing his analytical work for the Afrobility podcast.
Adamantium Fund supports early-stage African startups, empowering them to build scalable businesses for the continent's evolving needs. Its vision is to catalyze growth and innovation within Africa's tech ecosystem by backing visionary entrepreneurs. The fund strives for a future where African-led companies solve local challenges, driving progress and prosperity.
Adamantium Fund has 1 tracked investment across 1 company. The latest tracked deal is $3.6M Other Equity in Termii in June 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 12, 2023 | Termii | $3.6M Other Equity | Dotun Olowoporoku | Aubrey Hruby, Eamon Jubbawy, Afropreneur Angel Group, Aidi Ventures, Assembly Investors, Samantha Wulfson, Launch Africa, MyAsiaVC, Nama Ventures, NOA Capital, NOW Venture Partners, Probability Ventures, Rally CAP Ventures, Uncovered Fund, Vastly Valuable Ventures |