TLcom Capital

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 1, 2025	Flow48	$69.0M Series A	—	Breega, Endeavor Catalyst, Flourish Ventures, Scott Sandell
Mar 1, 2024	Zone	$9.0M Seed	—	2xN, Accel, Addition, Cedar Capital Group, DST Global, Endeavor Catalyst, Flourish Ventures, Founder Collective, Global Founders Capital, LocalGlobe, monashees, Northzone, Hans Tung, Owl Ventures, Silence, Yellow Ventures, Guilherme Bonifacio
Nov 1, 2023	Flow48	$25.0M Seed	—	Benchmark, Endeavor Catalyst, Felicis Ventures, Flourish Ventures, Founders Fund, New Enterprise Associates, Adam D'Angelo, Larry Summers
Sep 1, 2023	Rain Industries	$10.0M Seed	—	01 Advisors, 20VC, AAF Management Ltd., Accel, Accelr8, AirAngels, AIX Ventures, Album VC, Andreessen Horowitz, Bond, C2 Investment, Coinbase Ventures, DBL Partners, James Hardiman, Felicis Ventures, FJ Labs, Founder Collective, Future Africa, Future Perfect Ventures, GSV Acceleration, Hack VC, Hummingbird Ventures, Insight Partners, Jude Gomila Rolling Fund, Kapor Capital, M34 Capital, Microsoft, New York Ventures, Preston-Werner Ventures, REMUS Capital, Revolution, Rock Ventures, Sapphire Ventures, Sequoia Capital, Serena Ventures, SoftBank Investment Advisers, Spark Capital, Susa Ventures, Third Sphere, VoLo Earth Ventures, XStarPartners, Y Combinator, Akash Garg, Aston Motes, Bobby Goodlatte, Charlie Cheever, Chris Hughes, Christina Cacioppo, Claire Hughes Johnson, Dylan Field, Immad Akhund, Jeff Chang, Jeff Hammerbacher, Johannes Schildt, John Collison, Julia DeWahl, Koen Bok, Lauren Loktev, Marc McCabe, Robert Gentz, Ron Pragides, Stewart Butterfield, Tikhon Bernstam, Tom Blomfield, Wiley Cerilli, Yan-David Erlich
Aug 1, 2022	littlefishapp	$3.0M Seed	—	Endeavor Catalyst, Flourish Ventures, TIDE Africa Fund
Mar 1, 2022	Subject	$29.0M Series A	—	2xN, 7wire Ventures, Define Ventures, Founder Collective, General Catalyst, Kleiner Perkins, LocalGlobe, Moving Capital, Owl Ventures, Section 32, Vibe Capital, Emil Michael, Kevin Stumpf, Ryan Rzepecki
Mar 1, 2022	Flume Health	$30.0M Series A	—	2xN, Founder Collective, LocalGlobe, Owl Ventures, Vinyl Capital, Andrew Bialecki, Dave Balter
Feb 1, 2022	Cosuno	$30.0M Series B	—	AAF Management Ltd., Album VC, AngelList Syndicator, Atomico, Cherry Ventures, DBL Partners, Far Out Ventures, Founder Collective, Future Africa, Future Perfect Ventures, General Catalyst, GSV Acceleration, Revolution, Rock Ventures, #SecretFund, Serena Ventures, SoftBank Investment Advisers, Spark Capital, Speedinvest, Susa Ventures, Andy Chung, Chris Hughes, Chris Murphy, Frederic Montagnon, Julien Romanetto, Nicolas Steegmann, Richard Fearn, Thibaud Elziere, Wiley Cerilli
Jan 1, 2022	HUBUC	$10.0M Seed	—	20VC, 2xN, 8090 Industries, Alt Capital, Andreessen Horowitz, Asset Management Ventures, Banana Capital, Baukunst, Bolt, Buckley Ventures, Casa Verde Capital, Comal Ventures, CRV, Deciens Capital, DNX Ventures, Aniq Kassam, Felicis Ventures, Flex Capital, Flybridge Capital Partners, Founder Collective, Founders Fund, GE Ventures, Greylock, Hyper, Infinite Niches, Initialized Capital, LGF, Lightspeed Venture Partners, LocalGlobe, Lowercarbon Capital, MAGIC Fund, Not Boring Capital, O'Reilly AlphaTech Ventures, Owl Ventures, Plaid, Point Nine Capital, Precursor Ventures, Recharge Capital, Reciprocal Ventures, Rubicon VC, Stripe, Tet Ventures, The Hit Forge, Todd and Rahul's Angel Fund, Trajectory Ventures, Tribe Capital, Two Sigma Ventures, Union Square Ventures, Unusual Ventures, Vera Equity, Village Global, WndrCo LLC, Y Combinator, Anne Wojcicki, Carmelo Anthony (Melo7 Tech Partners), David Mytton, Frank Westermann, Halle Tecco, James Beshara, Jason Katzer, Mark Ghermezian, Matt Brezina, Namrata Ganatra, Sahin Boydas, Scott Belsky, Susan Danziger
Jan 1, 2022	SeamlessHR	$10.0M Series A	—	Accenture, Susa Ventures, TIDE Africa Fund, Rob Solomon
Dec 1, 2021	uLesson	$15.0M Series B	—	10100, 2xN, Accenture, Altos Ventures, Costanoa Ventures, Expa, Founder Collective, General Atlantic, Innovation Endeavors, Musha Ventures, Owl Ventures, Romulus Capital, Susa Ventures, TIDE Africa Fund, Union Square Ventures, Elliott Cohen, Esther Dyson, Jeff Bezos, Marc Benioff, Rob Solomon
Nov 1, 2021	Papa	$150.0M Series D	—	AAF Management Ltd., Album VC, DBL Partners, Scott Hartley, Forerunner Ventures, Founder Collective, Founders Fund, Future Africa, Future Perfect Ventures, GSV Acceleration, Optum Ventures, Revolution, Rock Ventures, Serena Ventures, SoftBank Investment Advisers, Spark Capital, Susa Ventures, Threshold Ventures, Tiger Global Management, Twelve Below, Chris Hughes, Steph Korey, Wiley Cerilli
Oct 1, 2021	Twiga Foods	$50.0M Series C	—	TIDE Africa Fund
Jul 1, 2021	Human Interest	$200.0M Series D	—	Bain Capital Ventures, Wing Venture Capital, Accenture, Arbor Ventures, Benchmark, Bessemer Venture Partners, Citi Ventures, Dan Raveh, Felix Capital, Kindred Ventures, L Catterton Growth, March Capital, NewView Capital, PS Investments, Rob Solomon, Scale Venture Partners, Sequoia Capital Israel, Summit Partners, Susa Ventures, TIDE Africa Fund, Uncork Capital
Jun 1, 2021	Checkstep	$2.0M Seed	—	305 Ventures, 8VC, Atomico, Avid Ventures, Boldstart Ventures, Bright Pixel Capital, Contrary Capital, Conviction Partners, Crossover, Data Tech Fund, Dawn Capital, Earlybird Venture Capital, Exceptional Ventures, Felicis Ventures, Forerunner Ventures, General Catalyst, Infinite Niches, Innovation Endeavors, Jetstream, Long Journey Ventures, Molten Ventures, Moonfire Ventures, Musha Ventures, Jeff Immelt, Vanessa Larco, Next Play Ventures, Pareto Holdings, Saga, Social Capital, Stellar Capital, SuperSeed, The Hit Forge, Transformation Capital, Tribe Capital, Valhalla Capital, Aaron Levie, Ali Kutay, Charlie Songhurst, Dylan Field, Emil Michael, Errol Damelin, Esther Dyson, Freddy Macnamara, Gokul Rajaram, Immad Akhund, Jeremy Yap, Joe White, John Spindler, Mads Jensen, Manik Gupta, Marc Benioff, Marissa Mayer, Max Mullen, Nickyl Raithatha, Robin Klein, Sam Altman, Scott Banister, Tom Blomfield, Tony Xu, Umang Dua, William Tunstall-Pedoe, Xen Lategan
May 1, 2021	Cosuno	$15.0M Series A	—	AAF Management Ltd., Accel, Album VC, AngelList Syndicator, Atomico, Battery Ventures, Beringea, Cherry Ventures, Cisco Investments, DBL Partners, Equity Alliance, Far Out Ventures, FJ Labs, Founder Collective, Future Africa, Future Perfect Ventures, General Atlantic, General Catalyst, Giza Polish Ventures, GSV Acceleration, Heartcore Capital, HV Capital, Koolen and Partners, La Famiglia, Nokia Growth Partners, Openview Venture Partners, Partech Ventures, Pro Founders Capital, Revolution, Rock Ventures, #SecretFund, Serena Ventures, SoftBank Investment Advisers, Spark Capital, Speedinvest, Susa Ventures, Andy Chung, Chris Hughes, Chris Murphy, Frederic Montagnon, Fritz Demopoulos, Hakan Koc, Jeff Seibert, Johannes Reck, Julien Romanetto, Julius Köhler, Mathias Ockenfels, Matthias Hilpert, Nicolas Steegmann, Richard Fearn, Tao Tao, Thibaud Elziere, Wayne Chang, Wiley Cerilli
Apr 1, 2021	Okra	$4.0M Seed	—	Accenture, AME Cloud Ventures, BoxGroup, Hardware Club, Susa Ventures, Threshold Ventures, TIDE Africa Fund
Mar 1, 2021	Wefarm	$11.0M Series A	—	2xN, Addition, Brand Foundry Ventures, Felix Capital, Firstminute Capital, Founder Collective, Javelin Venture Partners, LocalGlobe, Hans Tung, Octopus Ventures, Owl Ventures, Henry Fertik, Marco DeMeireles, TCV, True Ventures, Zinc
Jan 1, 2021	uLesson	$8.0M Series A	—	Accenture, Altos Ventures, Costanoa Ventures, Founder Collective, General Atlantic, Index Ventures, LocalGlobe, Musha Ventures, Owl Ventures, Susa Ventures, TIDE Africa Fund, Union Square Ventures, Christian Woolfenden, Elliott Cohen, Esther Dyson, Hugo Burge, Rob Solomon
Jan 1, 2021	Pula Advisors	$6.0M Series A	—	AAF Management Ltd., Accenture, Album VC, DBL Partners, Founder Collective, Future Africa, Future Perfect Ventures, GSV Acceleration, Revolution, Rock Ventures, Serena Ventures, SoftBank Investment Advisers, Spark Capital, Susa Ventures, TIDE Africa Fund, Chris Hughes, Rob Solomon, Wiley Cerilli
Dec 1, 2020	Ilara Health	$4.0M Seed	—	Accenture, Susa Ventures, TIDE Africa Fund, Rob Solomon
Oct 1, 2020	Abridge	$10.0M Series A	—	Musha Ventures, O'Reilly AlphaTech Ventures, Precursor Ventures, Realist Ventures, Union Square Ventures, Chris Bennett
Apr 1, 2020	Stears	$600K Seed	—	AAF Management Ltd., Album VC, DBL Partners, Founder Collective, Future Africa, Future Perfect Ventures, GSV Acceleration, Revolution, Rock Ventures, Serena Ventures, SoftBank Investment Advisers, Spark Capital, Susa Ventures, Chris Hughes, Wiley Cerilli
Nov 1, 2019	uLesson	$3.0M Seed	—	Accenture, Founder Collective, Musha Ventures, Susa Ventures, TIDE Africa Fund, Elliott Cohen, Esther Dyson, Rob Solomon
Oct 1, 2019	Wefarm	$13.0M Series A	—	2xN, Addition, Angel Invest, Archimedes Accelerator LLC, Atomico, Audrey Capital, Brand Foundry Ventures, Expon Capital, Felix Capital, Firstminute Capital, Fontinalis Partners, Founder Collective, GPO Fund, Javelin Venture Partners, Jump Capital, Lemnos Labs, LocalGlobe, Hans Tung, Octopus Ventures, Owl Rock Capital Partners, Owl Ventures, RRE Ventures, Seraphim Space, Henry Fertik, Streamlined Ventures, Marco DeMeireles, TCV, Torch Capital, True Ventures, Xfund, Zinc, Bryan Meehan, Colin Carrier, Key Compton, Patrick S. Chung, Paul Sims

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at TLcom Capital.

Leadership Team

Key people at TLcom Capital.

Deep Dive

High-Level Overview

TLcom Capital is a venture capital firm specializing in early-stage investments across Africa, with offices in London, Lagos, and Nairobi. Its mission is to support innovative entrepreneurs leveraging technology to solve significant market challenges, particularly in sectors such as financial services, eCommerce, B2C applications (health, education, energy, media), and software solutions for corporates and SMEs. TLcom focuses on companies with proven product-market fit and commercial traction, aiming for scalable, capital-efficient businesses that can generate 10x to 20x returns. The firm manages approximately $300 million in committed capital and emphasizes backing African tech startups that utilize mobile platforms to address pressing needs, thereby significantly impacting the African startup ecosystem by fostering innovation and economic development[1][2][5].

Origin Story

Founded in 1999, TLcom Capital has evolved from investing in tech, media, mobile, and internet companies across Europe, the US, and Africa to a dedicated focus on African tech startups through its TLcom TIDE Africa funds. The firm was established by partners with deep expertise in technology and venture capital, maintaining a majority-female partnership and investment committee. Over time, TLcom has expanded its geographic focus within Africa, emphasizing Nigeria, Kenya, Egypt, and South Africa, while also supporting female founders through initiatives like the Africa Tech Female Founder Summit. This evolution reflects TLcom’s commitment to fostering entrepreneurship and addressing Africa’s unique market opportunities through technology[1][2][3][6].

Core Differentiators

Unique Investment Model: Focuses on early-stage to growth-stage investments, typically leading institutional rounds with investments ranging from $500k to $10m.
Sector Focus: Specializes in tech-enabled businesses across financial services, eCommerce, B2C sectors, and software solutions that reduce data service costs.
Network Strength: Offices in key African tech hubs (Lagos, Nairobi) and London provide strong regional and international connectivity.
Diversity: Majority-female partnership and investment committee, promoting gender diversity in venture capital.
Operating Support: Active involvement in portfolio companies through mentorship, strategic guidance, and ecosystem-building events like the Africa Tech Female Founder Summit.
Track Record: Over two decades of investing experience with a portfolio of companies that have demonstrated scalability and market impact[1][2][3][6].

Role in the Broader Tech Landscape

TLcom Capital rides the wave of Africa’s rapid mobile penetration and digital transformation, leveraging technology to address critical gaps in financial inclusion, healthcare, education, and commerce. The timing is crucial as mobile technology becomes the primary platform for delivering services across the continent, creating vast opportunities for scalable tech solutions. Market forces such as increasing internet access, a young and growing population, and rising entrepreneurial activity favor TLcom’s investment thesis. By backing innovative startups, TLcom influences the broader ecosystem by catalyzing tech adoption, supporting female entrepreneurship, and fostering a vibrant venture capital environment in Africa[1][2][3].

Quick Take & Future Outlook

Looking ahead, TLcom Capital is poised to deepen its impact by expanding investments into emerging African markets like Egypt and South Africa and continuing to support high-growth startups that leverage mobile technology. Trends such as increased digital financial services adoption, health tech innovation, and data-driven solutions will shape its portfolio. TLcom’s influence is likely to grow as it continues to champion diversity and inclusion in tech entrepreneurship and as African startups scale globally. Its role as a leading VC in Africa positions it well to capitalize on the continent’s evolving tech landscape and contribute to sustainable economic development[1][2][3].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focuses on early-stage to growth-stage investments, typically leading institutional rounds with investments ranging from $500k to $10m.
Sector Focus: Specializes in tech-enabled businesses across financial services, eCommerce, B2C sectors, and software solutions that reduce data service costs.
Network Strength: Offices in key African tech hubs (Lagos, Nairobi) and London provide strong regional and international connectivity.
Diversity: Majority-female partnership and investment committee, promoting gender diversity in venture capital.
Operating Support: Active involvement in portfolio companies through mentorship, strategic guidance, and ecosystem-building events like the Africa Tech Female Founder Summit.
Track Record: Over two decades of investing experience with a portfolio of companies that have demonstrated scalability and market impact[1][2][3][6].