Investment Approach

At DevCap, we invest in opportunity, resilience, and growth—building businesses that improve lives and communities while delivering strong financial returns.

Where We Invest

We invest in scalable businesses that drive measurable social and environmental impact in West Africa and East Africa, primarily focusing on Ghana, Nigeria, Côte d’Ivoire, Senegal, Rwanda, Tanzania, Kenya and Uganda. Our mission is to create opportunities and drive positive change in these vibrant regions.

ESG & Gender Lens Investing

We align with 2X Challenge and IFC ESG Standards, ensuring our investments drive gender equity and environmental sustainability.

Flexible Capital Structures

We provide Equity, Convertible Debt, and Mezzanine Financing to meet business needs

Growth-Stage Businesses

We support SMEs with proven models, strong management, and expansion potential

Sectors

Eligibility Criteria

Business Stage: Growth-stage small and medium enterprises (SMEs).

Leadership: Strong, diverse management teams committed to impact.

Investment Size: We provide investments ranging from $250,000 to $4 million per business.

Impact Focus: Businesses must deliver measurable impact in job creation, gender equity, environmental sustainability, or community development.

Exclusions: We do not fund businesses that engage in unethical practices, degrade the

Investment Process

Screening & Eligibility

Assess alignment with target sectors, impact goals, and financial sustainability.