Cyril Shonibare, Principal at TLCOM—one of Africa’s largest early-stage VC funds—sits down with Launch Base Africa to discuss the firm’s deployment strategy, the collapse of open banking pioneer Okra, and hard-won lessons in early-stage African venture capital.
In 2023, the firm participated in a $13 million pre-Series A funding round for Ghanaian e-logistics startup Jetstream Africa, blending equity and debt to drive growth.
Since launching its pilot phase, Enakl has achieved significant traction. The platform manages over 15,000 bookings monthly in Casablanca, with a growth rate of 20% per month.
According to Recursive Capital’s strategy, the fund targets early-stage companies, providing equity investments ranging from $50,000 to $100,000 per portfolio company.
Cyril Shonibare, Principal at TLCOM—one of Africa’s largest early-stage VC funds—sits down with Launch Base Africa to discuss the firm’s deployment strategy, the collapse of open banking pioneer Okra, and hard-won lessons in early-stage African venture capital.
