Aruwa Capital – Gender-Lens Growth Equity Fund

  • Funding
  • Anywhere

Aruwa Capital Management is a Lagos-based, female-founded growth equity firm investing in high-potential, impact-driven businesses across Nigeria and Ghana. With a clear focus on advancing inclusive economic growth, Aruwa applies a deliberate gender lens—backing companies led by women or those delivering essential goods and services for women.

Current Fund: Aruwa Capital Fund II

  • Target Size: US $40 million (aiming to upsize to US $50 million by year-end, hard cap US $60 million)
  • Second Close: US $35 million raised as of late May 2025

Sectors of Interest:

  • Healthcare and diagnostics
  • Energy access and off-grid solutions
  • Financial services and fintech
  • Consumer staples, including food and agribusiness
  • Industrial and manufacturing

Investment Criteria:

  • Stage: Early-growth companies with proven product-market fit
  • Geography: Nigeria and Ghana
  • Ticket Size: US $1 million to US $3 million per deal
  • Gender Lens: Priority to women-led teams or businesses serving women’s needs

Portfolio Highlights:

  • Fund I Impact:
    • Closed at US $20 million in 2022
    • Average revenue growth of 22× across 11 portfolio companies
    • Over 200,000 direct and indirect jobs supported
    • 73 % of companies founded or led by women
  • Fund II Early Investments:
    • Yikodeen: Indigenous safety-boot manufacturer
    • Toasties: Fast-casual dining chain expanding affordable food options

How to Engage with Aruwa Capital:

  • For Entrepreneurs: Prepare a concise pitch deck detailing your business model, traction, team composition, and how you advance women’s economic empowerment.
  • For Investors (LPs): Limited partner slots are available for institutions and family offices committed to gender-inclusive impact investing. Contact Aruwa’s investor relations team to request fund details and arrange a briefing.

Why Aruwa Capital?

  • Proven Track Record: Successful Fund I and rapid Fund II capital deployment.
  • Deep Local Expertise: Founder-led team with extensive African investment experience.
  • Gender-Lens Focus: A mission-driven approach ensuring both financial returns and social impact.

Disclaimer: This post is for informational purposes only and does not constitute an endorsement by Agri-web. Interested entrepreneurs and investors are encouraged to consult official Aruwa Capital materials for full fund details, eligibility criteria, and application instructions, and to exercise due diligence before sharing any personal or sensitive information.

To apply for this job please visit aruwacapital.com.