About ODBA
ODBA is a venture capital firm founded in 2020. It is primarily based out of Mayfair, United Kingdom. As of Sep 2022, ODBA has invested in 19 companies. It primarily invests in Seed round in Nigeria based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and HealthTech. Most recently it participated in the $***** Seed round of Bitmama Overall, ODBA portfolio has seen 1 IPO, namely EdgeMode. A lot of funds co-invest with ODBA, with names like ShockVentures sharing a substantial percentage of its portfolio.ODBA's List of Top Investments
ODBA has a portfolio of 19 companies. Their most notable investmentis in AwabahTheir portfolio spans across Nigeria, United Kingdom, United States and 2 more locations. They have invested in Consumer, Enterprise Applications, HealthTech and 12 other sectors, across stages such as Seed stage. Here is the list of top investments by ODBA:
1. Kuda
Provider of a digital bank for individuals. Its services include savings accounts, NFC-enabled prepaid cards, bill payments, and online and offline transactions. It also offers smart budgeting for expenditure monitoring, automated savings with yearly interests, and the option to freeze and unfreeze debit cards by using the application. Its application is available on Android and IOS platforms.
Key facts about Kuda
- Founded Year: 2017
- Location: Lagos (Nigeria)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $91.6M
- Employee Count: 855 as on Feb 28, 2026
- Investors: Valar Ventures, Target Global and 19 Others
- Latest Funding Round: Series B, Aug 02, 2021, $*****
- Highlight: Editors' Pick
2. Treepz
App-based bus tickets booking platform. Travelers can check the availability of the tickets by providing the destination, date of traveling, number of passengers, and more. Bookings can be made through the app by providing an online payment. Their app is available for iOS and Android devices.
Key facts about Treepz
- Founded Year: 2019
- Location: Brampton (Canada)
- Stage: Seed
- Total Funding till date: $4.42M
- Employee Count: 70 as on Dec 31, 2024
- Investors: Google, Goodwater Capital and 22 Others
- Latest Funding Round: Seed, Feb 14, 2023, $*****
- Highlight: Editors' Pick
_1560344270679.png?format=webp&height=120&width=120){kind=logo}
3. Bitmama
Bitmama is an app-based exchange platform for cryptocurrencies. It allows users to buy & sell cryptocurrencies through an encrypted network. It also offers P2P money transfer solutions. The app is available for Android and iOS platforms.
Key facts about Bitmama
- Founded Year: 2017
- Location: Lagos (Nigeria)
- Stage: Seed
- Total Funding till date: $2M
- Employee Count: 25 as on Jul 01, 2024
- Investors: Angel List, Mercy Corps and 16 Others
- Latest Funding Round: Seed, Jul 2023, $*****
- Highlight: Editors' Pick
4. EdgeMode
Provider of AI data center infrastructure and energy storage systems. The company acquires land, secures power, obtains permits, designs sites, and delivers projects. It develop campuses from early-stage land acquisition to ready-to-build. Each site is designed with high capacities, dedicated baseload power, resilient architecture, and deployment timelines. The company also develops grid-connected battery energy storage system sites.
Key facts about EdgeMode
- Founded Year: 2020
- Location: Chicago (United States)
- Annual Revenue: $438K as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $3.85M
- Employee Count: 12 as on Jul 01, 2024
- Investors: MOHARA and ODBA
- Latest Funding Round: Seed, Sep 04, 2025, $*****
- Highlight: Public
5. Kunda Kids
Key facts about Kunda Kids
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Seed
- Total Funding till date: $700K
- Employee Count: 2 as on Jun 30, 2022
- Investors: HoaQ, Argentil Capital Partners and 6 Others
- Latest Funding Round: Seed, May 24, 2023, $*****
ODBA's Year-on-Year Investment Trends
ODBA has invested in 19 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Bitmama.ODBA's Investments by Stage
ODBA has made 4 investments in Seed stage with an average round size of $1.09M.ODBA's Investments by Sector
ODBA has a diverse portfolio, with companies operating in the Auto Tech, Blockchain - Industry Applications, Blockchain Technology, Consumer and FinTech. Notably, it has invested in 15 Tech companies, 12 Consumer (B2C) companies, 9 Software companies and at least 7 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Auto Tech | 1 |
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
Consumer | 1 |
FinTech | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
ODBA's Investments by Geography
ODBA has made most investments in Nigeria (2), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
Nigeria | 2 |
Canada | 1 |
Indonesia | 1 |
Note: We have considered here, only first round of investments
ODBA's recent investments
ODBA has not made any investment in 2026 so far.Here are the most recent investments by ODBA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 09, 2022 | Nigeria | Seed | 9374 | [+13] | |
Aug 23, 2021 | Indonesia | Seed | 4524 | [+4] | |
Aug 23, 2021 | Canada | Seed | 3616 | [+4] | |
Jul 2021 | Nigeria | Seed | 1574 |
IPOs and Publicly Listed companies in ODBA's Portfolio
1 of ODBA's portfolio company became public - EdgeMode. It got listed on the OTC Markets (OTCMKTS), in May 2019.Here are ODBA's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 30, 2019 | - | - | 7544 |
Co-investors of ODBA
Over the past 5 years, 44 investors have co-invested in ODBA's portfolio companies. This includes funds and angels.
- Invested before ODBA: Emfato, Microtraction and 5 others have invested in rounds before ODBA. There is 1 company where Emfato has invested before ODBA and 1 company where Microtraction has invested before ODBA.
- Top Co-investors of ODBA: 20 investors entered a company along with ODBA. These include investors like ShockVentures (2 companies).
- Invested after ODBA: A total of 17 investors have invested in ODBA's portfolio after their investments. Top Investors include Uncovered Fund (1 company), Blanford (1 company) and Jonomi Ventures (1 company).
Recent News related to ODBA
•
Hopea Pay Secures 1.5 Million SAR in Pre-Seed Funding Led by Iwan Venturesentarabi.com•Feb 11, 2025•Hopeapuro, Iwan Ventures, ODBA, Beetleware
•
Nigerian ed-tech startup AltSchool Africa raises $1m to build an alternative school for AfricansDisrupt Africa•Feb 04, 2022•AltSchool Africa, TalentQL, Voltron Capital, Nestcoin and 2 others
•
Nigerian fintech startup Awabah raises $200k, joins Techstars London acceleratorDisrupt Africa•Aug 26, 2021•, Coventures, ODBA, Correlation Ventures
