Investing in the future of digital commerce in Africa

We love early stage

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We are specialists in African commerce.

We focus on Africa’s largest economic engines and invest in founders who are creating opportunities for everyone.

Our expertise extends from years researching and investing in commerce ecosystems around the continent which have helped us form deep insights and convictions around the approaches we believe will thrive. For our founders and co-investors, we bring an unparalleled mix of startup-building experience and sector-specific knowledge.

Thesis

We invest with a research-backed thesis further informed by our team's previous startup operator experiences. Our advisory practice gives us the opportunity to conduct deep in-market research while continuing to challenge our assumptions. We've arrived at a few convictions:

Insights

We're trusted by the world's leading research organizations, investors, and impact donors to help provide insights on the latest developments in digital commerce in Africa. Our team has both broad, market-level expertise on funding trends, macro conditions, and regulatory shifts, but also deep startup-level insights on revenue expectations, customer segments, and acquisition costs.

Community

We're a remote team that hails from the USA, France, Nigeria, Kenya, and South Africa, but we're a community that spans the globe. Our Sufficient Capital community is aligned in exploring, investing, and supporting the future of digital commerce in Africa through syndicate investments and social events.

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Our services

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Financial planning

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Mortgage advisor

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Retirement plan

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Business loan

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Capital investments

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Taxes planning

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What we did

We did awesome work all over the world

Latest news

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Our team

Bill Johnson

Designer

What our founders say

DFS Lab is one of the best early stage investors in Africa. In the very early days, they provided hands-on support in product management and storytelling for Suplias. Even now, Stephen and Joey are quick to jump on a call to brainstorm and most importantly, make intros to experts that help us to overcome barriers.
Sefa Ikyaator
Founder of Suplias
The DFS Lab experience is one I believe every founder should enjoy; the close guide and at the same time allowing you the freedom to learn and grow. The focus on powering commerce of the future has also been a guide as we build for businesses that use us.
Goodness Kayode
Founder of Sendchamp

Let's talk about your project

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