About Mstudio
Mstudio, an accelerator and incubator program founded in 2022, is based in Abidjan, Ivory Coast. With a presence in 1 country, it has supported around 8 startups in sectors like Enterprise Applications, Retail. Most notable companies in
its portfolio include Waribei, Tajiri and Danaya. The program is backed by a team of 3 people who primarily support Seed startups based in Ivory Coast. Its latest investment was a $820K Seed round in Waribei on Oct 13, 2024 along with Saviu Ventures.
Key Metrics
Founded Year
2022
Location
Abidjan, Ivory Coast
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Mstudio's List of Top Investments
Mstudio has a portfolio of 8 companies. Their most notable investments are in Tajiri and Waribei.Their portfolio spans across and Ivory Coast. They have invested in Enterprise Applications, Retail, FinTech and 4 other sectors, across stages such as Seed stage. Here is the list of top investments by Mstudio:
1. Waribei
Provider of financing for merchants to purchase inventory from partner suppliers. It offers a mobile application that allows merchants to access financing for stock purchases. The application enables merchants to generate a QR code for supplier transactions. This facilitates immediate access to goods upon scanning by the supplier.
Key facts about Waribei
- Founded Year: 2023
- Location: Abidjan (Ivory Coast)
- Stage: Seed
- Total Funding till date: $820K
- Employee Count: 10 as on Aug 31, 2026
- Investors: Saviu Ventures and Mstudio
- Latest Funding Round: Seed, Oct 13, 2024, $*****
2. Tajiri
Provider of digital management solutions for restaurants. Its solutions include online ordering, order management, inventory management, reports, and more.
Key facts about Tajiri
- Founded Year: 2023
- Location: Abidjan (Ivory Coast)
- Stage: Seed
- Total Funding till date: $250K
- Employee Count: 9 as on Aug 31, 2026
- Investors: Saviu Ventures and Mstudio
- Latest Funding Round: Seed, Aug 04, 2023, $*****
3. Danaya
SaaS based identity verification platform for businesses. It provides KYC and KYB, identity verification, and anti-money laundering solutions for businesses. It helps businesses to streamline compliance processes, enhance security, and improve customer experience through identity verification procedures for businesses.
Key facts about Danaya
- Founded Year: 2023
- Location: Abidjan (Ivory Coast)
- Stage: Funding Raised
- Employee Count: 19 as on Aug 31, 2026
- Investors: Mstudio
4. Djoli
Djoli is a procurement platform that allows maquis, restaurants, and hotels to order fresh products and have them delivered within 24 hours at the best price.
Key facts about Djoli
- Founded Year: 2022
- Location: Abidjan (Ivory Coast)
- Stage: Seed
- Total Funding till date: $250K
- Employee Count: 16 as on Aug 31, 2026
- Investors: Saviu Ventures and Mstudio
- Latest Funding Round: Seed, Aug 04, 2023, $*****
5. Doo Africa
Chains providing access to financial transactions and various administrative services. These networks operate through local agents to facilitate deposits, withdrawals, money transfers, and the procurement of government documents. Services include processing payments for transit tickets, insurance subscriptions, and event entries. By leveraging existing financial infrastructure, these outlets offer a centralized point for managing daily essential tasks. Clients interact directly with authorized agents to complete applications for civil registry documents and other administrative requests. The model focuses on distributing essential service access through multiple points to simplify routine logistics for individuals.
Key facts about Doo Africa
- Founded Year: 2023
- Location: Abidjan (Ivory Coast)
- Stage: Funding Raised
- Employee Count: 6 as on Aug 31, 2026
- Investors: Mstudio
Mstudio's Year-on-Year Investment Trends
Mstudio has invested in 8 companies over the last 3 years, with an average of 0 new investment annually in the last 3 years. Its most recent first time investment was in Waribei.Mstudio's Investments by Stage
Mstudio has made 3 investments in Seed stage with an average round size of $440K.Mstudio's Investments by Sector
Mstudio has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Financial Services, Food and Agriculture and Food and Agriculture Tech. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 3 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 1 |
FinTech | 1 |
Financial Services | 1 |
Food and Agriculture | 1 |
Food and Agriculture Tech | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Mstudio's Investments by Geography
Mstudio has made most investments in Ivory Coast (3).Mstudio's recent investments
Mstudio has not made any investment in 2026 so far.Here are the most recent investments by Mstudio:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 13, 2024 | Ivory Coast | Seed | 5594 | ||
Aug 04, 2023 | Ivory Coast | Seed | 3036 | ||
Aug 04, 2023 | Ivory Coast | Seed | 5499 |
Team profile of Mstudio
Mstudio has a team of 3 members. Mstudio's team does not sit on the board of any company as of now.Co-investors of Mstudio
Over the past 3 years, one investor has co-invested in Mstudio's portfolio companies. This includes only funds.
- Top Co-investors of Mstudio: Saviu Ventures entered a company along with Mstudio.
