Aruwa Capital

Aruwa Capital Management is a growth equity and impact investment company based in Lagos. It was founded and is led by women, and it says it is one of few women-owned investment houses on the African continent.

Its argument is that women in capital allocation can find underserved parts of the economy that others have historically missed.

What Aruwa Capital Management offers

• Growth equity: investment in established, fast-growing companies in the small to lower mid-market.
• Impact investing: aiming for financial returns alongside social benefit for underserved communities.
• Active management support: close work with management teams of companies it backs.

Customers and markets

The firm looks for companies that provide essential goods and services for women, were founded or co-founded by a woman, or have gender-diverse teams and senior management. It says these businesses are too large for traditional venture capital but too small for bigger private equity funds. Sectors mentioned include healthcare and financial technology.

Key facts

• Based in: Lagos, Nigeria
• Type: growth equity and impact investing
• Leadership: women-led, with a gender-balanced investment committee