Rali_Cap Launches $30 Million Investment Plan For Startups Across Africa, Latin America, South Asia 

Story Highlights
  • Rali_Cap is a two-year old VC investing in B2B and API-first fintechs at pre-seed and seed stages across target markets. By the end of June, the firm seeks to reach the second close of the fund.

Before putting forward a new fund size, signaling a strong LP appetite, the VC reached its first close of $20 million initial target last month.

Interview With Hayden M. Simmons – Rallycap Ventures

The limited partners for this new $30 million fund were Breyer Capital, Propel VC, Better Tomorrow Ventures, FT Partners, Bain Capital, Lateral Capital, a few family offices, HNIs and a multibillion-dollar crossover fund also known for investing in smaller funds.

The VC firm has backed 12 African startups, 13 Latin American startups and 7 Asian startups, from across the banking-as-a-service and card issuance, open finance sectors and SME digitization platforms, such as Belvo, Mono, Minka, Stitch, Union54, Pomelo, Simetrik, Brick and Abhi. Some of Rali_cap’s LPs include executives and managers from fintechs such as Wave, Block, MercadoPago, Rappi, Flutterwave, Yoco, Visa, Plaid, Stripe and Coinbase, as well as e-commerce platforms like Jumia and Shopify. Among these LPs, some have taken part in follow-on early- and growth-stage rounds of the startups.

For this new fund, though open for exceptions, Rali_cap targets startups in large markets such as Africa — Nigeria, Egypt and South Africa; Latin America — Brazil and Mexico; and South Asia — Pakistan and Bangladesh. 

The VC invests between $200,000 and $500,000 in these startups. The firm leads pre-seed deals and takes part in seed rounds. 


Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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