Rigorous Due Diligence & Investment Process

If you’re building a bold, scalable startup in Africa and are ready to take the next step, Nubia Capital wants to hear from you.

De-Risking Innovation. Elevating Quality. Empowering Exceptional Founders.

At Nubia Capital, we believe that bold innovation deserves equally bold discipline. That’s why we apply a rigorous, founder-friendly due diligence process that ensures every investment we make aligns with our mission, our LPs’ expectations, and the long-term success of our portfolio companies.

Our diligence isn’t about red tape; it’s about clarity, partnership, and helping you put your best foot forward. Whether you’re an early-stage founder raising your first institutional round or a scaling team seeking smart capital, our process is designed to empower, not intimidate you.

Initial Assessment

We begin with a screening call and internal review of your pitch deck, traction, and team background. We ask:

Key Questions:

• Is the problem clearly defined and worth solving?
• Is the solution innovative, scalable, and defensible?
• Do the founders have vision, execution capacity, and domain expertise?

If the opportunity aligns with our thesis, we move into full diligence.

Deep Dive Analysis

This is where we get to know your business, and where you get to know us. We collaborate with you to assess:

Analysis Areas:

• Market Size & Timing - TAM, SAM, trends, barriers, and tailwinds
• Competitive Landscape - Differentiation, moat, and competition
• Business Model & Unit Economics - Revenue streams, cost structure, margins
• Product & Technology Review - Tech stack, IP, product roadmap
• Traction & KPIs - Milestones, growth metrics, retention
• Team & Culture - Cap table, team bios, hiring plans

What Our Due Diligence Process Looks Like

Risk Mapping & Mitigation Strategy

We identify potential risks (regulatory, technical, team-related) and outline how you're managing or preparing for them.

Our Approach:

Our goal isn't to find reasons to say "no", it's to build a strategy for saying "yes" confidently and sustainably.

Legal & Compliance Checks

We conduct background checks, review corporate documents, and verify incorporation, IP ownership, and compliance with local laws.

Special Focus:

For ventures operating in regulated sectors (fintech, healthtech, etc.), we work closely with legal advisors to assess licensing and risk exposure.

Investment Committee Decision

After diligence, our Investment Committee meets to review findings and discuss alignment with:

Decision Criteria:

• Nubia Capital's sector focus and impact goals
• The investment size and stage fit
• The founder's long-term vision

A final decision is made, and if approved, we move to deal structuring and close.

What Sets Nubia Capital Apart

Founder-First Approach

We prioritize transparency and collaboration at every stage. Founders are kept informed and treated as partners, not targets of interrogation.

Africa-Centric Expertise

Our local knowledge and experience operating across African markets allow us to assess context, risk, and opportunity with unmatched nuance.

Mission-Aligned Filtering

We only invest in startups that align with our core investment thesis: technology, sustainability, and social impact. If we're in, it's because we believe in you.

Data-Driven, But Human

Our evaluation framework is robust and structured, but it never replaces human judgment or vision potential.

Investment Criteria at a Glance

We typically invest in:

Stage & Geography

Pre-seed to Series A African startups

Sectors

Fintech, healthtech, agritech, cleantech, digital infrastructure

Product Status

With a product in-market or MVP, some early traction

Team Quality

Led by coachable, high-integrity teams with deep sector understanding

Business Model

Scalable, tech-enabled business models

Capital Approach

Looking for smart capital, not just a check

Let's Build the Future, Together

If you're an accelerator, funder, policymaker, or platform operator looking to collaborate on growing Africa's startup ecosystem, Nubia Capital is ready to partner with you.

Frequently Asked Questions

Typically 2–4 weeks, depending on how quickly we can access necessary documents, data, and team availability.

Yes. We provide founders with clear, respectful feedback, even when we pass. We also stay open to future rounds or referrals.

Usually: pitch deck, cap table, incorporation docs, financials, product demo, and key team bios. We'll guide you step-by-step.

We prefer companies registered in Africa or with a credible local legal structure. However, we assess case-by-case basis and can support re-structuring.

We do both. Our approach depends on round size, stage, and strategic fit.