About ShEquity
ShEquity is a venture capital firm founded in 2020. It is primarily based out of Ebene City, Mauritius. As of Apr 2023, ShEquity has invested in 8 companies. It primarily invests in Seed round in Kenya based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Transportation and Logistics Tech. Most recently it participated in the $***** Series A round of Shuttlers A lot of funds co-invest with ShEquity, with names like VestedWorld sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed
ShEquity's List of Top Investments
ShEquity has a portfolio of 8 companies. Their most notable investments are in Superfluid Labs and Widenergy Africa.Their portfolio spans across Nigeria, Kenya, Benin and 1 more locations. They have invested in Enterprise Applications, Consumer, Transportation and Logistics Tech and 12 other sectors, across stages such as Seed stage. Here is the list of top investments by ShEquity:
1. Shuttlers
Online platform offering tech-enabled shared transportation services. It features scheduled mass-transit solutions, including air-conditioned buses, real-time tracking, and flexible payment options. The platform also includes services like Shuttlers for Business, EventGo, and vehicle rentals to cater to various commuting needs.
Key facts about Shuttlers
- Founded Year: 2015
- Location: Lagos (Nigeria)
- Stage: Series A
- Total Funding till date: $5.6M
- Employee Count: 48 as on Jul 01, 2024
- Investors: Consonance Investment Managers, VestedWorld and 11 Others
- Latest Funding Round: Series A, Apr 04, 2023, $*****
SUPERFLUID LABS provides an AI-based customer data intelligence platform. It uses customer transactional data to predict future business events, reveals customer behaviors and trends, enhances engagement, reduces churn risk, and improves profitability. Its offerings include SuperBI is a business intelligence and data analytics solution, SuperFunds is a deposits and investment management application, SuperView is a customer insights solution, and SuperWalle is a personal finance tracking application.
Key facts about Superfluid Labs
- Founded Year: 2015
- Location: Nairobi (Kenya)
- Stage: Seed
- Employee Count: 1 as on Sep 30, 2026
- Investors: DBS Accelerator, GreenHouse Capital and 4 Others
- Latest Funding Round: Seed, Dec 18, 2020, $*****
- Highlight: Editors' Pick
3. Medsaf
Online B2B marketplace for medicines,. The product range includes a wide range of medications, vitamins, and supplements. Users can search for various products and request quotations on the platform. The platform also enables users to explore information on drugs, manufacturers, and general health topics.
Key facts about Medsaf
- Founded Year: 2016
- Location: Lagos (Nigeria)
- Stage: Seed
- Total Funding till date: $330K
- Employee Count: 18 as on Aug 31, 2026
- Investors: Lateral Frontiers, Musha Ventures and 4 Others
- Latest Funding Round: Seed, May 2018, $*****
- Highlight: Editors' Pick
Key facts about Widenergy Africa
- Founded Year: 2016
- Location: Lusaka (Zambia)
- Stage: Seed
- Employee Count: 37 as on Aug 31, 2026
- Investors: OPES-LCEF, GreenTec Capital Partners and 2 Others
- Latest Funding Round: Conventional Debt, May 17, 2021, $*****
ShEquity's Year-on-Year Investment Trends
ShEquity has invested in 8 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Owoafara and most recent follow-on round was in Shuttlers.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 3 | 0 | 3 |
ShEquity's Investments by Stage
ShEquity has made 5 investments in Seed stage with an average round size of $1.6M.ShEquity's Investments by Sector
ShEquity has a diverse portfolio, with companies operating in the Environment, Auto Tech, Consumer, Energy and Enterprise Applications. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Environment | 2 |
Auto Tech | 1 |
Consumer | 1 |
Energy | 1 |
Enterprise Applications | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
ShEquity's Investments by Geography
ShEquity has made most investments in Kenya (2), followed by Nigeria where it has made 2 investments.Country | No. of Investments |
|---|---|
Kenya | 2 |
Nigeria | 2 |
Zambia | 1 |
Note: We have considered here, only first round of investments
ShEquity's recent investments
ShEquity has not made any investment in 2026 so far.Here are the most recent investments by ShEquity:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 04, 2023 | Nigeria | Series A | 6896 | ||
Dec 06, 2022 | Nigeria | Seed | 9200 | - | |
Nov 16, 2021 | Nigeria | Seed | 7945 | [+10] | |
Dec 18, 2020 | Kenya | Seed | 1272 | - | |
Oct 2020 | Kenya | Seed | 7711 | - |
Co-investors of ShEquity
Over the past 6 years, 14 investors have co-invested in ShEquity's portfolio companies. This includes only funds.
- Invested before ShEquity: GreenTec Capital Partners has invested before ShEquity.
- Top Co-investors of ShEquity: 11 investors entered a company along with ShEquity. These include investors like VestedWorld (1 company).
- Invested after ShEquity: Verod-Kepple Africa Ventures (1 company) and OPES-LCEF (1 company) are the investors which have invested in ShEquity's portfolio after their investments.
Recent News related to ShEquity
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Shuttlers, a Nigerian mobility startup, has secured $4 million in fundingTechgist Africa•Apr 14, 2023•Verod-Kepple Africa Ventures, VestedWorld, ShEquity, EchoVC Partners and 1 other
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After 3 million trips, Shuttlers gets $4m investment to grow its shared mobility solutionTechpoint.Africa•Apr 04, 2023•Verod-Kepple Africa Ventures, ShEquity, VestedWorld, EchoVC Partners and 3 others
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Woman-owned Fintech Owoafara Accepts Equity Investment from ShEquity to Expand Financial Inclusion via Apps, Payment Cards in NigeriaMicroCapital•Dec 14, 2022•Owoafara, ShEquity, Myfara, Rouzo
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USAID trade hub partners with ShEquity to catalyze investment in Women businesses in West AfricaAfrica Business Communities•May 27, 2022•USAID, ShEquity, West Africa Trade and Investment Hub, Satihub
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Nigerian shared mobility startup Shuttlers raises $1.6M, plans pan-African expansionTechCrunch+•Nov 16, 2021•Nikky Taurus, Five35 Ventures, ShEquity, CcHub and 11 others
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Female-focused VC firm ShEquity to launch West African fund and acceleratorDisrupt Africa•Dec 18, 2020•ShEquity, Ecodudu, Superfluid Labs, Widenergy Africa
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