Janngo

What Janngo does

Janngo is a pan-African venture capital and startup-building firm founded in 2018 by Fatoumata Bâ and headquartered in Paris, with a regional office in Abidjan, Côte d'Ivoire. It operates two investment vehicles — the Janngo Capital Startup Fund and a Mauritius side vehicle — under AMF license (agrément GP-20000042), with the flagship fund reaching a $78 million final close in October 2024, making it Africa's largest gender-equal tech VC fund. The firm deploys seed-to-growth capital up to €5 million per company into tech and tech-enabled startups across Africa, with stated commitments of 50% to women-led companies, 80% to low-income/post-conflict countries, and a portfolio that is 67% francophone and 56% women-led across healthcare, fintech, mobility, B2B commerce, credit infrastructure, recruitment, and fleet management.

The underlying platform combines a proprietary ESG Management System and SDG mapping tool (vetted by the French Development Agency) with ecosystem assets including the Africa Medical Supplies Platform (AMSP), built for the African Union during COVID-19, and Janngo Academy, which has trained 5,987+ entrepreneurs. Notable portfolio outcomes include Sabi (150,000+ small business users, $1B+ annual GMV), GoCab ($17M ARR, $45M follow-on), CreditChek ($60M+ in credit applications processed), and the Expensya exit to Medius at a 48% average IRR. The firm's revenue model follows standard emerging-manager economics: management fees on committed capital (~$1.5M annualized at $78M AUM), plus carried interest on portfolio exits; the customer base comprises institutional development finance LPs (EIB, AfDB, Mastercard Foundation, IFC, DFC, ANAVA) and ~21 portfolio companies as end beneficiaries of capital and ecosystem support.

Name

Janngo

Legal name

Goodtech SAS

Website

https://janngo.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Janngo is a Paris-headquartered, pan-African venture capital firm managing Africa's largest gender-equal tech VC fund ($78M), investing seed-to-growth capital in women-led and francophone tech startups across 14 African countries alongside ecosystem platforms for entrepreneur training and SME market access.

Ownership category

akta.pro rank

Product category

Impact Venture Capital

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Fintech / Insurtech CVC (Financial-services-led CVC) (FSANAHAK)

Keywords

• Venture capital services
• Tech startup investment
• Impact investing
• Gender lens investing
• Entrepreneurship development

Headquarters

HQ city

Abidjan

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Venture Capital Management Fees: Janngo Capital generates returns through management fees on the funds under management, as well as carried interest from successful portfolio exits
2. Portfolio Returns: Returns from equity investments in startups through seed to growth stage investments, with successful exit of Expensya achieving 48% average IRR

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Janngo is a pan-African venture capital firm that builds, grows and invests in digital champions across Africa, primarily through the Janngo Capital Startup Fund. The firm invests up to €5 million in tech and tech-enabled startups from seed to growth stages, with a mandated focus on companies enabling access to essential services, helping SMEs access markets and capital, and creating sustainable jobs for women and youth. In parallel, Janngo operates the Africa Medical Supplies Platform (AMSP), Janngo Academy for entrepreneur training, and Jexport for SME market access.

Product overview

Janngo operates as a pan-African venture capital and startup studio platform with a dual structure: Janngo Capital manages Africa’s largest gender-equal tech VC fund (Janngo Capital Startup Fund) investing up to €5 million per deal, while the broader Janngo ecosystem includes operational platforms like the Africa Medical Supplies Platform (AMSP) for healthcare procurement, Janngo Academy for entrepreneur training, and Jexport for SME market access. The firm operates sector-agnostically across healthcare, logistics, financial services, retail, food & agri, mobility, and creative industries, with 56% women-led portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Janngo Capital Startup Fund Pan-African gender-equal tech venture capital fund investing up to €5 million per company in tech and tech-enabled startups from seed to growth stages, with a mandated focus on women-led businesses and Francophone Africa; designed for limited partners including development finance institutions and foundations.
• Africa Medical Supplies Platform (AMSP) Non-profit online procurement platform enabling African Union member states to purchase certified COVID-19 medical equipment, including diagnostic kits, PPE, and clinical management devices; built and operated by Janngo for the African Union.
• Janngo Academy Training and capacity-building program for African entrepreneurs and managers delivered through knowledge-sharing sessions, webinars, and resources to build resilience and support startup growth; also delivered in partnership with the Jack Ma Foundation's Africa Netpreneur Prize Initiative.
• Jexport Janngo platform initiative designed to accelerate access to regional and international markets for African SMEs, supporting cross-border trade and export readiness for small businesses in Janngo's ecosystem.
• ESG Management System Proprietary Environmental, Social & Governance Management System used by Janngo Capital to integrate ESG considerations into investment decision-making, including an Impact Management Framework, Investment Code on ESG, due diligence tools, and risk scoring aligned with IFC Performance Standards, CDC best practices, and the FMO ESG toolkit.

Quantifiable outcome

• 48% average IRR from Expensya exit
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor, core and major.

• Goalkeepers Community (Bill & Melinda Gates Foundation)minorGTM or Marketing Partner · 31 August 2021Member of Goalkeepers Community working toward Sustainable Development Goals.
• France Invest Impact CommissionminorGTM or Marketing Partner · 31 August 2021Member of Impact Commission contributing to impact investing standards and practices.
• Aspen Europe-Africa CouncilminorGTM or Marketing Partner · 31 August 2021Member of council fostering cross-continental dialogue on development issues.
• World Economic Forum (WEF)minorGTM or Marketing Partner · 31 August 2021Member of Global Future Council and active contributor to WEF communities and events including Annual Meeting in Davos.
• Africa Donor CollectiveminorGTM or Marketing Partner · 31 August 2021Member of collective supporting development financing coordination across Africa.
• African Union (AU)coreStrategic or Co-development Partner · 18 June 2020Janngo powered the Africa Medical Supplies Platform (AMSP) under leadership of AU Special Envoy Strive Masiyiwa on behalf of Africa CDC, in partnership with Afreximbank and UNECA, to combat COVID-19 pandemic.
• Africa CDCcoreStrategic or Co-development Partner · 18 June 2020Technical institution of African Union for disease control and prevention. Partnered with Janngo to develop AMSP platform for COVID-19 response across continent.
• African Export-Import Bank (Afreximbank)coreStrategic or Co-development Partner · 18 June 2020Pan-African multilateral financial institution. Partnered to facilitate payments and financing for AMSP COVID-19 medical supplies procurement.
• United Nations Economic Commission for Africa (UNECA)coreStrategic or Co-development Partner · 18 June 2020UN regional commission providing technical support on financing arrangements and alignment of AU Ministers of Finance for AMSP initiative.
• Jack Ma FoundationmajorStrategic or Co-development Partner · 16 June 2020Partnership for Africa Netpreneur Prize Initiative to identify, select and finance best African entrepreneurs with focus on women and francophone entrepreneurs through Janngo Academy support.
• Alibaba GroupminorGTM or Marketing Partner · 16 June 2020Connected through Jack Ma Foundation partnership for Africa Business Heroes competition providing mentorship and market access.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Partech: Pan-African and European venture capital firm with dedicated Africa funds investing from seed to growth across francophone and anglophone Africa. Directly comparable to Janngo in geography, stage focus, and ticket size, with a substantially larger AUM and longer track record.
• TLcom Capital: Lagos- and Nairobi-based African venture capital firm backing early- to growth-stage tech startups. Competes with Janngo for the same African founder pool, with comparable seed/growth-stage ticket sizes and sector-agnostic thesis.
• Microtraction: Nigeria-based pre-seed and seed venture capital firm focused exclusively on African tech startups. Comparable early-stage thesis but with materially smaller check sizes than Janngo's seed-to-growth range.
• Novastar Ventures: Pan-African venture capital firm investing in early- and growth-stage businesses serving Africa's mass-market consumers. Directly comparable stage focus, geography, and impact orientation, with similar emphasis on East and West Africa.
• Launch Africa Ventures: Pan-African early-stage venture capital fund investing across the continent in tech-enabled startups. Overlapping deal universe and stage focus make it a direct competitor for early-stage African rounds.
• Future Africa: Lagos-anchored venture capital firm providing early- and growth-stage funding to African tech startups with a strong impact orientation. Similar fund size, stage focus, and cross-continent deal sourcing to Janngo.
• 4DX Ventures: Pan-African early-stage venture capital firm investing in African founders globally, with comparable seed-stage ticket sizes and a similar sector-agnostic mandate. Competes for deal flow in Egypt, Nigeria, Kenya, and francophone markets.

Broad incumbents

• Speedinvest: European venture capital firm with growing Africa exposure (e.g., Speedinvest Africa fund) backing early-stage tech startups. Larger and broader than Janngo but increasingly competitive in the same francophone and North African markets.

Regional players

• All On (Shell-backed): Nigeria-based impact investment firm backing off-grid energy and tech-enabled startups across West Africa. Comparable impact orientation and DFI-style LP base, though focused primarily on energy access rather than generalist tech.
• AAIC (Africa Agriculture and Trade Investment Fund): Pan-African investment manager backed by development finance institutions, deploying capital into African growth-stage businesses. Comparable DFI LP base and African geography, but with a sector-vertical (agriculture/trade) focus distinct from Janngo's generalist thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/janngoafrica
• LinkedInlinkedin.com/company/janngo

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments23 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Janngo