Startups
The fund will primarily invest in Nigeria (min. 50%) and Ghana (max. 30%), with an opportunistic focus on Gambia, Sierra Leone and Liberia (max. 10%).
The Fund will invest in equity and/or equity linked instruments, securing a controlling equity stake or a significant minority interest. It will focus its efforts on SMEs active in high-growth sectors including consumer goods and services, light industrials, agribusiness, financial services, business services and education.
The fund will provide long-term growth capital to SMEs active in anglophone West Africa (especially Nigeria and Ghana). The local financial institutions / PE investments do not sufficiently provide flexible patient financing to SMEs, having historically focused on larger transactions.
Verod provides comprehensive cross-functional support to portfolio companies, proactively adding value to them by identifying specific business needs and leveraging their capabilities and network.
Verod has a meticulous approach to ESG: it is committed to incorporating ESG issues into investment analysis and decision-making and ensuring that its investee companies incorporate and disclose ESG matters.
The Fund will invest in equity and/or equity linked instruments, securing a controlling equity stake or a significant minority interest. It will focus its efforts on SMEs active in high-growth sectors including consumer goods and services, light industrials, agribusiness, financial services, business services and education.
The fund will provide long-term growth capital to SMEs active in anglophone West Africa (especially Nigeria and Ghana). The local financial institutions / PE investments do not sufficiently provide flexible patient financing to SMEs, having historically focused on larger transactions.
Verod provides comprehensive cross-functional support to portfolio companies, proactively adding value to them by identifying specific business needs and leveraging their capabilities and network.
Verod has a meticulous approach to ESG: it is committed to incorporating ESG issues into investment analysis and decision-making and ensuring that its investee companies incorporate and disclose ESG matters.
Overview
Location
Nigeria, Lagos, Falomo
Investors 1
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Mentions in press and media 12
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| Oct 22, 2025 | Moniepoint Achieves Unicorn Status with Over $200M Series C Funding | Moniepoint, an African fintech powerhouse, has achieved a major milestone. The company closed its Series C funding round, securing over $200 million in equity financing. This substantial capital infusion propels Moniepoint's valuation ... |
| Oct 21, 2025 | Moniepoint Raises Over US$200M in Series C Funding | Moniepoint Inc., a Nigerian provider of a financial platform for businesses and their customers across Africa, raised over US$200m in equity financing in a recently closed Series C funding round. The round was led by Development Partners In... |
| Oct 3, 2025 | Verod Capital monetises five-year-old investment in pension firm | Daniel Adeoye, partner, Verod Capital African private equity firm Verod Capital, which backs mid-sized companies across the continent, has monetized its five-year-old investment in a pension firm, selling its stake to an existing shareholde... |
| Jul 22, 2025 | African PE firm Verod Capital fully exits education bet from Fund II | Credit: Pixabay Verod Capital, an African private equity firm that backs mid-sized companies across the continent, has monetized its eight-year-old investment in an education business, selling its stake to an existing shareholder. The Lagos... |
| Apr 10, 2024 | Verod-Kepple Africa Ventures Closes $60M Fund, Boosting African Tech Ecosystem | Verod-Kepple Africa Ventures (VKAV) has successfully closed its first fund at $60 million, marking a significant milestone in the African tech investment landscape. The fund, backed by key institutional investors such as SBI Holdings and To... |
| Apr 9, 2024 | Pan-African VC Verod-Kepple closes its first fund at $60M | Verod-Kepple Africa Ventures (VKAV) plans to back up to 21 growth-stage companies across the continent after closing its first fund at $60 million. The pan-African VC hit the milestone following fresh backing from Nigeria’s SCM Capital form... |
| Apr 12, 2023 | Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa | Last month, pan-African venture capital firm Verod-Kepple Africa Partners reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. Verod-Kepple Africa Ventures (VKAV) achieved its... |
| Mar 23, 2023 | Verod-Kepple Africa Ventures announces $43m venture fund for pan-African startups TechCabal’s 2021 Year-End report Success! | Verod-Kepple Africa Ventures (VKAV) has announced the first close of a $43 million pan-African venture fund. According to the firm, the fund will invest in tech-powered startups that have raised revenue and are addressing some of the contin... |
| Aug 9, 2021 | Nigeria-based mobility fintech, Moove raises $23 million Series A | Share this article: Nigeria-based auto-financing startup, Moove has announced a $23 million Series A to build a full-service mobility fintech that democratises vehicle ownership across Africa. The round was led by global VC, Speedinvest and... |
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FAQ about Verod Capital Growth Fund III
What has the press written about Verod Capital Growth Fund III?
Parsers VC has collected 12 articles mentioning Verod Capital Growth Fund III, among them “Moniepoint Achieves Unicorn Status with Over $200M Series C Funding” (Oct 22, 2025) and “Moniepoint Raises Over US$200M in Series C Funding” (Oct 21, 2025).
Is Verod Capital Growth Fund III still active?
Verod Capital Growth Fund III is probably closed: its latest activity on Parsers VC dates from Oct 24, 2025.