Consonance Investment Managers
Africa-focused investment firm founded in 2017, deploying venture capital (Fund I and Fund II/Anfani), venture building, and non-dilutive debt financing to early and growth-stage technology-enabled companies across six sub-Saharan African countries with a 43-company portfolio.
- Company typePrivate
- Founded2017
- HeadquartersLagos, Nigeria
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Consonance Investment Managers does
Consonance Investment Managers is an Africa-focused investment company founded in 2017, registered in Mauritius (via APEX Group, Ebene Cybercity) and operationally headquartered in Lagos, Nigeria. The firm invests in early-stage and growth-stage technology and technology-enabled companies across sub-Saharan Africa, with a portfolio of 43 companies spanning six African countries: Nigeria, Ghana, Kenya, Uganda, Côte d'Ivoire, and Ethiopia. It operates three integrated strategies — Special Opportunities (Venture Capital) for pre-Seed to Series A equity checks averaging $500K (Fund I, with Fund II/Anfani currently fundraising); Venture Build, a venture studio that co-creates companies with entrepreneurs over an 18–24 month in-house engagement; and Debt Finance, a non-bank lender offering secured and unsecured loans to venture-backed growth companies with 24+ months operating history and $20K+ MRR. Revenue derives from fund management fees, carried interest on exits, equity ownership in built companies, and interest income from the debt book.
The firm monetizes through institutional LP capital and proprietary investment frameworks — most notably a Systems-Thinking approach and a National Prosperity Framework (human capital, social capital, digital infrastructure, real assets, financial innovation) — that underpin its 'Broad-based Wealth Creation' thesis introduced with Fund II. Portfolio support extends beyond capital to talent introductions, business development, strategic advising, and an active cross-portfolio community that founders consistently cite as a differentiator. Notable portfolio outcomes include 3 full and 2 partial exits (including Digital Realty's acquisition of Medallion's data center business and an exit from Student Accomod8 to a Nigerian asset manager), $350M+ combined portfolio revenue, and 100,000+ direct and indirect jobs created. Sector exposure spans Financial Markets (AFEX, NG Clearing), Digital Infrastructure (EMTech, Intelligra), Finance & Wealth (Pezesha, VerifyMe, Curacel), Human Capital (SeamlessHR), Food & Distribution (Bonita Foods), AgTech (Releaf), and Media & Culture.
Consonance differentiates through its indigenous African investor positioning, thesis-driven price discipline, and dual equity-plus-debt model that supports companies across the capital stack. The firm became a UN-supported PRI signatory in February 2023, formalizing ESG integration into investment practices, and counts Kuramo Capital, DETAIL, Sankore, and PwC among named partners/co-investors visible on its platform. A rebrand in 2022/2023 introduced a new Mobius-strip identity aligned with the Fund II thesis. Strategic moves over 2022–2023 — Fund II launch, PRI signing, rebrand, and product formalization — point to a firm actively scaling AUM and operational surface area.
Consonance Investment Managers firmographics
Firmographics- Name
- Consonance Investment Managers
- Legal name
- Consonance Investment Managers
- Website
- https://consonanceinvest.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Africa-focused investment firm founded in 2017, deploying venture capital (Fund I and Fund II/Anfani), venture building, and non-dilutive debt financing to early and growth-stage technology-enabled companies across six sub-Saharan African countries with a 43-company portfolio.
- Ownership category
- akta.pro rank
Consonance Investment Managers industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
- akta.pro secondary industries
- ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), Sustainable/Thematic Investing (Climate, Clean Tech, Water, Biodiversity) (FSAAALAB)
Keywords
Where Consonance Investment Managers is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Consonance Investment Managers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management (Venture Capital): Manages venture capital funds (Fund I and Fund II/Anfani) deploying capital into early-stage and growth-stage companies. Revenue generated through management fees and carried interest on successful exits.
- Debt Financing: Provides secured and unsecured loans to venture-backed companies for working capital, CapEx, equipment purchasing, and product expansion. Non-bank financial institution model generating interest income on debt instruments.
- Venture Build: Identifies market opportunities and co-builds companies with entrepreneurs, providing full funding from inception until companies can operate independently. Revenue derived from equity ownership in built companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Venture Capital - Pre-Seed to Series A |
| Other | Multi-year contract | Debt Finance - Growth Companies |
| Other | Multi-year contract | Venture Build Program |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Consonance Investment Managers product offering
Product offeringCore offering
Consonance Investment Managers is an Africa-focused investment company that deploys capital into early-stage and growth-stage technology and technology-enabled businesses across sub-Saharan Africa through three strategies: Special Opportunities (venture capital equity investing, pre-Seed to Series A), Venture Build (co-creating companies with entrepreneurs over 18-24 months), and Debt Finance (secured and unsecured loans to venture-backed companies). The firm generates revenue from fund management fees, carried interest on exits, interest income on debt, and equity ownership in built companies.
Product overview
Consonance Investment Managers is an Africa-focused investment company offering three integrated investment strategies: Venture Capital (Special Opportunities) for early-stage and growth equity investments in technology-enabled companies, Venture Build for co-creating and scaling new ventures with entrepreneur partners over 18-24 months, and Debt Finance providing non-dilutive capital to venture-backed companies. The strategies are designed to support entrepreneurs from pre-Seed through Series A and beyond, with comprehensive portfolio support including talent, business strategy, regulation, and funding assistance.
Differentiator
Problem solved
Functional benefit
Products and services
- Special Opportunities (Venture Capital)
- Venture Build
- Debt Finance
Quantifiable outcome
- 3 full and 2 partial exits from 43 portfolio companies
- +7 more outcomes
Companies that use Consonance Investment Managers
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Consonance Investment Managers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Consonance Investment Managers partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- UN PRI (Principles for Responsible Investment)coreConsonance Investment Managers signed the UN-supported Principles for Responsible Investing (PRI), joining 4,000+ global signatories. As a signatory, they commit to integrating ESG considerations into their investment practices and ownership policies, aligning with their mission to advance Africa's wellbeing.
- MTNminorIntelligra (portfolio company) partnered with MTN on smartphone device financing, enabling affordable smartphone financing options for Africans.
- PEVCAminorConsonance participated as a partner in the PEVCA (Private Equity and Venture Capital Association) Conference 2022, an industry event for private equity and venture capital professionals in Africa.
- AFEXminorAFEX (commodities exchange) partnered with NG Clearing Limited to develop infrastructure for commodities' futures contracts in Nigeria. AFEX is a portfolio company of Consonance.
- Digital Dollar ProjectminorEMTech (portfolio company) became a technical partner to the Digital Dollar Project and officially became a technical partner in their Sandbox and CBDC program.
- Special Olympics NigeriaminorSeamlessHR (portfolio company) partnered with Special Olympics Nigeria to launch Codeable, an initiative to equip youth with tech skills.
- NG Clearing LimitedminorNG Clearing (portfolio company) signed agreement with AFEX to develop infrastructure for commodities' futures contracts in Nigeria.
- AVCA (African Private Equity and Venture Capital Association)minorConsonance participated in AVCA webinar 'Silicon Valley or Silicon Savannahs: Venture Capital Investing in Africa', sharing insights on venture capital investing in Africa.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Consonance Investment Managers competitors and assessment
Company assessmentDirect peers
- TLcom Capital: Pan-African early/growth-stage VC firm investing in tech-enabled businesses across Africa with comparable thesis-driven approach and African operating geographies.
- Ventures Platform: Nigeria-based early-stage VC fund investing in African technology-enabled startups from pre-Seed to Series A. Most direct peer given overlapping Nigerian/African early-stage focus, ticket size, and founder support model.
- Novastar Ventures: Pan-African venture capital firm investing in early-stage tech-enabled businesses serving mass-market consumers in East and West Africa. Highly comparable on geography, stage, and market-creation thesis.
- Aruwa Capital: Lagos-based growth-stage venture capital firm backing SMEs and tech-enabled businesses in Nigeria and West Africa. Closely comparable in geography, ticket size, and growth-stage equity focus.
- Microtraction: Nigerian pre-seed/seed venture capital firm making initial investments in African tech startups. Comparable in stage focus, check size, and Nigerian orientation, though narrower than Consonance's three-strategy approach.
- Partech Africa: Pan-African venture capital fund backed by Partech Partners, investing in early-to-growth stage African tech-enabled companies. Comparable in geography and stage; significantly larger AUM and global LP base.
Broad incumbents
- Helios Investment Partners: Large Pan-African private equity firm making growth and buyout investments across multiple sectors in Africa. Comparable African investing focus but operates at significantly larger check sizes and broader sector mandate.
- Development Partners International: Pan-African private equity firm investing across growth, buyout, and infrastructure in Africa with institutional DFI backing. Overlaps on African growth-equity thesis but operates at much larger scale across broader sectors.
Emerging players
- Ingressive Capital: Early-stage venture capital firm focused on African tech, providing capital and resources to technical founders. Comparable African tech focus with a stronger emphasis on developer/technical founder pipeline.
- 4DX Ventures: Africa-focused early-stage venture capital firm investing in software and tech-enabled startups across the continent. Comparable African early-stage focus with a more software-pure mandate than Consonance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Consonance Investment Managers social profiles
Digital presenceConsonance Investment Managers compliance and trust
Trust signalCompliance1 record
Consonance Investment Managers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Consonance Investment Managers leadership team
Management profileNumber of profiles
Profiles7 records
Consonance Investment Managers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Consonance Investment Managers M&A and investment
M&A and investmentM&A
Investments41 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Consonance Investment Managers
What does Consonance Investment Managers do?
Consonance Investment Managers is an Africa-focused investment company that deploys capital into early-stage and growth-stage technology and technology-enabled businesses across sub-Saharan Africa through three strategies: Special Opportunities (venture capital equity investing, pre-Seed to Series A), Venture Build (co-creating companies with entrepreneurs over 18-24 months), and Debt Finance (secured and unsecured loans to venture-backed companies). The firm generates revenue from fund management fees, carried interest on exits, interest income on debt, and equity ownership in built companies.
Is Consonance Investment Managers a public or private company?
Consonance Investment Managers is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Consonance Investment Managers founded?
Consonance Investment Managers was founded in 2017. It employs 1 to 10 people.
Where is Consonance Investment Managers based?
Consonance Investment Managers is headquartered in Lagos, Nigeria, in the Africa region.
How does Consonance Investment Managers make money?
Three revenue lines are on record. Fund Management (Venture Capital) is the primary driver. The others are debt Financing and venture Build.
Who are Consonance Investment Managers's main competitors?
Direct peers on record are TLcom Capital, Ventures Platform, Novastar Ventures, Aruwa Capital, Microtraction and Partech Africa. Broad incumbents are Helios Investment Partners and Development Partners International. Emerging players are Ingressive Capital and 4DX Ventures.
Does Consonance Investment Managers have an API?
No public API is recorded for Consonance Investment Managers.
What industry is Consonance Investment Managers in?
Consonance Investment Managers's product category is Venture Capital. Its primary akta.pro industry code is BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital), with a secondary code of FSANAJAL, ESG Integration / Responsible Investment Funds (Broad ESG). Its NAICS code is 523940 and its SIC code is 6799.