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Fund profile / Nigeria

Aruwa Capital Fund II

Geography
Nigeria
Stage
Pre-Seed
Fund size
$35M
Focus
Climate & Sustainability, E-Commerce and SaaS
Signals
Published
Share
N°01 / About

About Aruwa Capital Fund II

Aruwa Capital Fund II is a venture capital firm based in Nigeria, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in Climate & Sustainability, E-Commerce, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionNigeria
Funding StagePre-Seed
Industry Focus
Climate & Sustainability
E-Commerce
SaaS

Investor Signals Profile

active

Sweet Spot

SME founders (missing-middle): clean energy, food, retail scaling

impact investing
gender-lens investing
private equity Africa
inclusive growth
strong fundamentals
solar/clean energy
food security
import substitution
local production
wealth democratization
missing-middle SMEs
governance-driven scaling

Bullish Signals

Actively sourcing deals via LinkedInexternal
Open inbound: investments@aruwacapital.comexternal
Active team culture, consistent operationslinkedin
Team posting Workers' Day — ops ongoinglinkedin
6k+ units deployed 2025, 9k jobslinkedin
Hands-on: financial planning, ops disciplinelinkedin
29% female retailer share, 24-country reachlinkedin
Team wellbeing priority: Aug retreat plannedlinkedin
Leadership: trust, flexibility, sustainable performancelinkedin
LP presence NGX floor: macro capital eventslinkedin
Import substitution + local production core thesislinkedin
Wealth democratization — not hoarding — philosophylinkedin
16 portfolio companies, 2 active funds deployinglinkedin
8/16 portfolio raised follow-on capital post-exitlinkedin
$28m follow-on raised 2025: AgroEknor ₦4bn paperlinkedin
ERP/HRIS rollouts: 8 portfolio companies strengthenedlinkedin
Board governance, exec search, market research supportlinkedin
Post-deal: team, systems, governance, networks focuslinkedin

Contrarian Signals

No GP names publicly visible initiallyexternal

Founder Do's

Show strong business fundamentals
Operate in high-impact sectors
Seek active partnership post-investment
Align with gender-lens thesis
Contact investments@aruwacapital.com directly
Demonstrate mission-margin alignment
Plan multi-country scaling responsibly
Expect hands-on, engaged partner
Focus on democratizing access/wealth
Build scalable systems, governance, team depth
Be ready for exec search, ERP, board support

Founder Don'ts

Avoid early pre-revenue stage pitches
Don't pitch without sector relevance
Don't expect passive capital only
Don't skip governance, team, systems readiness

41 signals on Aruwa Capital Fund II

18 bullish · 1 contrarian · 11 pitch do's · 4 don'ts · 7 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$35M
Saves0
Website
LinkedIn
People

Key People

Adesuwa Okunbo Rhodes

Adesuwa Okunbo RhodesLeadership
Christian EkpoLeadership
Kusumi SaidTeam
Tosin Olasoji (ACA)Team
Nofan Ojuba ObieromahTeam
Ayooluwa A.Team
Aminat Salako, CFATeam
N°04 / See also

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