Fund II is live: $120M for pre-seed and seed in emerging markets

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Pitch your company

Dubai · Johannesburg

[email protected]

Early-stage venture capital · Fund II

We fund the people building the rails of the real economy.

Zoom Ventures is an early-stage venture capital firm. We raise capital from institutions and family offices, then invest it — first cheques of $250K to $3M — in founders building payments, credit, commerce, logistics and energy infrastructure across emerging markets.

  • Pre-seed & seed
  • 8–15% ownership targets
  • 50% reserved for follow-on
Fund II $120M Committed capital
21 days Median first meeting to term sheet
$120M Capital under management
34 Portfolio companies
6 Markets invested in
50% Reserved for follow-on

Capital from institutional investors

Pension funds Development finance institutions Insurance companies Family offices Funds of funds Sovereign investors University endowments Pension funds Development finance institutions Insurance companies Family offices Funds of funds Sovereign investors University endowments
What a venture firm actually does

Raise the fund. Underwrite the company. Stay for the decade.

Our job is not to write cheques and wait. It is to steward other people's capital with discipline, choose a small number of companies each year, and do the unglamorous work of helping them reach the next round and eventually a real exit.

Raise and steward capital

We manage $120M across two funds on behalf of pension funds, development finance institutions, insurers and family offices. Capital is called as we invest, reported quarterly, and returned through exits — not through fees.

  • 10-year fund life, two extension years
  • Quarterly LP reporting and audited accounts
  • Independent valuation policy

Source and underwrite

We meet founders early, often before a round exists, and form a view on the market before we see a deck. Roughly 1,400 companies enter our pipeline each year; we invest in six to eight.

  • Founder-led sourcing in six markets
  • Reference calls, data rooms, unit economics
  • Written investment memo and IC decision

Govern and support

We take board or observer seats where it matters, help with hiring and the next round, and reserve half the fund to defend our ownership as companies mature.

  • Board seats and monthly founder reviews
  • Follow-on into Series A and B
  • Exit preparation two years ahead
Investment thesis

Emerging markets do not have an app problem. They have an infrastructure problem.

Payments settle slowly. Credit is priced for people with collateral, not cash flow. Goods move through informal chains. Power is unreliable. The companies that fix these constraints compound for twenty years — and that is where we concentrate.

  • Structural, not cyclical. We back businesses that benefit from formalisation, urbanisation and mobile penetration.
  • Rails before apps. Infrastructure and enabling software, rather than another consumer marketplace.
  • Revenue with evidence. Live customers, gross margins above 45%, and a credible path to contribution profitability.

Read the full thesis

6 markets. 34 companies. Kenya, Nigeria, Ghana, South Africa, Mexico and Indonesia — one investment team, local operating partners in each market.
How a deal moves

From first conversation to first board meeting.

Every company follows the same path. We tell you where you are in it, and we do not ask for exclusivity to run it.

STEP 01

Source

An introduction, a cold email or a founder we already know. We read everything and reply to every pitch that includes a deck.

STEP 02

Diligence

Two to four weeks: market map, customer calls, cohort data, cap table, legal and reference checks. You meet the partner who will take the board seat.

STEP 03

Decide & sign

Investment committee, then a term sheet with plain terms. We aim for 21 days from first meeting to signature, and we honour the first offer we make.

STEP 04

Partner

Capital lands, then the work starts: hiring, pricing, the next round, governance. Half the fund is reserved to invest again as you scale.

Portfolio composition

A small portfolio, reported honestly.

We do not publish a logo wall. Company names belong to the founders, who decide when and how to announce a round. What we can publish is how the fund is actually allocated.

Payments & financial infrastructure

Acceptance, settlement, ledgers, identity and compliance tooling.

  • 9 companies · 26% of the portfolio

Credit & lending

Underwriting built on cash flow and transaction data, not collateral.

  • 7 companies · 21% of the portfolio

Commerce & logistics

Fulfilment, delivery density and retail operating systems.

  • 6 companies · 18% of the portfolio

Energy access

Distributed generation, metering and asset finance.

  • 5 companies · 15% of the portfolio

Vertical software

Operating systems for healthcare, agriculture and pharmacy.

  • 7 companies · 20% of the portfolio

Confidential by default

Founders control their own announcements. We confirm holdings and speak to references privately during an LP or co-investor diligence process.

  • Names released only with founder consent

See portfolio composition

"The first cheque bought us eighteen months. What mattered more was that our partner had already mapped every bank and telco we needed, and sat in the room while we priced our Series A."

PF Portfolio founder Payments infrastructure company · Fund II
72%of seed companies reached Series A with the firm leading or co-leading
11board seats held by the investment team today
2realised exits returned to Fund I limited partners
Work with us

We write the first cheque.
Then we help you earn the next one.

If you are building the payments, credit, logistics, energy or software rails of an emerging market, we would like to meet you — whether you are raising today or twelve months from now.

First cheques of $250K – $3M Pre-seed and seed Decision in 21 days