Goodwell Investments is a pioneering impact investment firm providing equity to early-growth stage companies delivering essential goods and services to underserved populations in Africa and India. Since 2006, the firm has focused on financial inclusion, food and agriculture, and mobility and logistics through funds including uMunthu and uMunthu II.
37% of their portfolio is in Fintech. Their most common stage is series-a (47% of deals). Average disclosed round size is $27.3M (across 17 rounds with reported amounts).
Portfolio
14
Fund Size
$154M
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 OmniRetail | Series A | $20M | Apr 2025 |
| OmniRetail | Series A | $20M | Jan 2025 |
 Copia Global | Series C | $20M | Dec 2023 |
 MFS Africa | Series C | $100M | Jun 2022 |
| Copia Global | Series C | $26M | Jan 2022 |
 Onafriq | Series C | $100M | Nov 2021 |
| MFS Africa | Series C | $100M | Nov 2021 |
 SparkMeter | Series A | $12M | Aug 2020 |
 Chicoa Fish Farm | Series A | $1.5M | Jan 2020 |
| MMAX.ng | Series A | $7M | Jun 2019 |
| IInclusivity Solutions | Series A | $1.5M | Jun 2019 |
 Nomanini | Unknown | $1.5M | Jan 2019 |
| Onafriq | Series B | — | Apr 2018 |
 WhereIsMyTransport | Seed | $1.5M | Jan 2017 |
 Sendy | Series A | — | Jan 2017 |
 Paga | Series B | $13M | Jan 2015 |
| MFS Africa | Series B | $23M | — |
 Asante | Series A | $7.5M | — |
 Complete Farmer | Series A | $10.4M | — |
Top Co-Investors
LUN Partners Group5 shared
Endeavor5 shared
Alitheia Capital4 shared
AfricInvest3 shared
CommerzVentures3 shared
private angel investors3 shared
Breakthrough Energy Ventures2 shared
Lightrock2 shared
Perivoli Innovations2 shared
British International Investment2 shared
Koa Labs2 shared
DEG2 shared
Endeavor Harvest Fund2 shared
Aruwa Capital Management2 shared
Vitruvian Partners2 shared
Omidyar Network2 shared
DOB Equity2 shared
Factor[e]1 shared
Foundation Capital1 shared
Last updated: 20 October 2026