How to apply to Teranga Capital as an African founder

TL;DR

Teranga Capital invests in sector-agnostic companies at Seed and Growth, writes cheques of 50 -- 300 million FCFA (~$80K -- $500K), and takes applications through a direct online application.

Who Teranga Capital is

Teranga Capital is a Francophone West Africa investor headquartered in Dakar, Senegal. The fund describes its mandate as sector-agnostic. The thesis, in the fund's own words: Impact-first equity investor backing SMEs and high-potential startups across Senegal, Gambia, and expanding into Mauritania, Guinea-Bissau, and Cape Verde.

On the ground, Teranga Capital operates as a Seed and Growth investor with an Africa focus described as "Senegal, Gambia, Mauritania, Guinea-Bissau, Cape Verde". The fund's managing director & co-founder is Olivier Furdelle, alongside Omar Cissé (Co-founder) and Mohamed Ngom (Investment Manager / Deputy CEO).

What they invest in

Stages: Seed and Growth
Sectors: Sector-agnostic. The fund calls itself sector-agnostic, but its actual portfolio tells a more concentrated story: 45% of classified portfolio companies are in Consumer, and 15% are in Infrastructure.
Cheque size: 50 -- 300 million FCFA (~$80K -- $500K)
Geography focus: Francophone West Africa / Yes -- Senegal, Gambia, Mauritania, Guinea-Bissau, Cape Verde

How to apply

Apply directly at https://www.terangacapital.com/en/submit-your-project/. That link is the fund's own application channel, listed in their Trampoline entry as of 2026-07-29. 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

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

Afrikamart (AgriTech): Senegal, Digital marketplace connecting smallholder farmers with urban retailers
SECAS (Food Processing): Senegal, Transforms and commercializes local cereals (millet, corn, cowpea, fonio)
Senfrais (Renewable Energy): Senegal, Solar-powered refrigeration units for vehicles
Solarbox (Electric Mobility): Senegal, Electric 2- and 3-wheel vehicles for goods and passenger transport
Ibriz (AgriTech / Solar): Senegal, Productive solar applications in agriculture

That spread gives you a sense of what a real check from Teranga 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 Teranga Capital have a sector focus?

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

What stage does Teranga Capital typically write cheques at?

Teranga Capital invests at Seed and Growth, with cheque sizes of 50 -- 300 million FCFA (~$80K -- $500K).

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

No. Teranga 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 Teranga Capital invest outside Francophone West Africa?

Teranga Capital's Africa focus is described as "Senegal, Gambia, Mauritania, Guinea-Bissau, Cape Verde". Check the full fund profile for the exact geographic boundaries before you apply.

Is Teranga Capital a remote or in-person fund?

Teranga Capital's format is listed as Minority equity, quasi-equity, seed financing.