How to apply to Alitheia Capital as an African founder

TL;DR

Alitheia Capital invests in sector-agnostic companies at Seed, Series A, Series B+, and Growth, writes cheques of $1M -- $8M, and takes applications through a direct online application.

Who Alitheia Capital is

Alitheia Capital is a Pan-African investor headquartered in Lagos, with presence in Johannesburg and Ghana. The fund describes its mandate as sector-agnostic. The thesis, in the fund's own words: True profit with a purpose: deploying capital into SMEs generating financial returns while addressing business, social, or environmental community needs.

On the ground, Alitheia Capital operates as a Seed, Series A, Series B+, and Growth investor with an Africa focus described as "Pan-African (Nigeria, South Africa, Ghana, Zambia, Zimbabwe, Ivory Coast)". The fund's co-founder and managing director is Tokunboh Ishmael, alongside Polo Leteka Radebe (Co-Founder and Principal Partner (South Africa)).

What they invest in

Stages: Seed, Series A, Series B+, and Growth
Sectors: Sector-agnostic. The fund calls itself sector-agnostic, but its actual portfolio tells a more concentrated story: 24% of classified portfolio companies are in Consumer, and 14% are in Fintech.
Cheque size: $1M -- $8M
Geography focus: Pan-African / Yes -- Pan-African (Nigeria, South Africa, Ghana, Zambia, Zimbabwe, Ivory Coast)

How to apply

Apply directly at https://www.alitheiaidf.com/. That link is the fund's own application channel, listed in their Trampoline entry as of 2026-07-24. Fill out whatever the form asks for completely: skipped fields read as a rushed application, and a rushed application is an easy first-pass reject at any fund fielding more submissions than it can meaningfully review.

Portfolio pattern

Alitheia Capital's portfolio, as listed in their Trampoline fund page, includes:

Paga (Nigeria): Mobile payments and digital financial services, Growth
MAX (Nigeria/Ghana): Electric vehicle logistics and ride-hailing, Growth
Jetstream (Ghana/Nigeria): Digital freight forwarding for cross-border trade, Series A
Haul247 (Nigeria): Asset-light logistics platform, Growth
OmniBiz (Nigeria/Ghana/Ivory Coast): B2B platform linking retailers with FMCG suppliers, Growth

That spread gives you a sense of what a real check from Alitheia Capital has funded, not just what the thesis claims it funds.

Before you apply

Have these ready before you reach out:

Deck: Check your readiness first so you know where the gaps are
Metrics dashboard: Set up your metrics dashboard so you can show real traction, not slides
Cap table
A one-line description of what your company does

FAQ

Does Alitheia Capital have a sector focus?

Alitheia Capital describes its mandate as sector-agnostic, meaning it does not restrict itself to a fixed list of sectors.

What stage does Alitheia Capital typically write cheques at?

Alitheia Capital invests at Seed, Series A, Series B+, and Growth, with cheque sizes of $1M -- $8M.

Do you need a warm intro to apply to Alitheia Capital?

No. Alitheia Capital takes applications through a form on their website, so a warm intro is not required to apply, though it can still help your submission stand out.

Does Alitheia Capital invest outside Pan-African?

Alitheia Capital's Africa focus is described as "Pan-African (Nigeria, South Africa, Ghana, Zambia, Zimbabwe, Ivory Coast)". Check the full fund profile for the exact geographic boundaries before you apply.

Is Alitheia Capital a remote or in-person fund?

Alitheia Capital's format is listed as Hybrid.