About Elaloey Foundry
The Oxygen for Startups — Building category-defining companies from the ground up.
The Oxygen for Startups — Building category-defining companies from the ground up.
Elaloey Foundry is a venture studio and early-stage investment firm for startups in Nigeria. We are passionate about spotting, incubating and financing high-potential ventures from idea stage to scalable growth.
We operate at the critical early phase where most startups fail and most investors hesitate — bridging the gap between raw ideas and investable businesses.
The venture fund is aimed at providing credible and innovative founders with the requisite capital, coaching and corporate solutions required to launch and scale their startup ideas.
At the core of our existence lies the desire to see dreams live, make impact and develop the economy. We do this by providing the oxygen and enabling environment for ideas and startups.
Building the next generation of African unicorns
To unlock Nigeria's human capital by backing, building and scaling businesses and ideas that drive inclusive economic growth.
To provide the required oxygen for startup ideas and early-stage businesses to launch, thrive and scale.
We are clear on our mission and deliberate about talents and the ecosystem we are building.
We identify and validate high-potential ideas and founders across key sectors for adoption into our foundry and ecosystem.
With a team of industry professionals, subject matter experts and founders, we provide requisite mentorship to our cohorts, and actively support venture development through business model design, market validation, product direction and strategic structuring.
We provide early-stage capital with aligned, performance-driven structures required to launch, scale and support sustainable growth.
Elaloey Foundry is not a passive investor.
We strategically:
We work side-by-side with visionary founders
We invest at the earliest stages
We don't just fund — we build
We build ventures that last
We welcome conversations with founders, partners and collaborators aligned with our vision.
Apply NowElaloey Foundry — the oxygen for Startups
We are powered by an exceptional network of Heads, Hearts & Hands — a collective of experienced founders, industry experts and investors united by a shared commitment to building sustainable ventures that makes impact. We combine deep expertise with genuine passion, bringing both the drive for execution and the heart of partnership to every idea and businesses we support.
Founder & Managing Partner
General Partner, Venture Funds & Investments
Advisory Partner, Technology & AI
Our team works at the intersection of strategy, execution and capital, providing founders with the structure, insight and hands-on mentorship required to move from concept to scalable enterprise. Through our faculty, we deliver robust strategic advisory and technical expertise — helping founders and innovators refine their ideas, validate their models and market-proof their ventures.
But beyond capability, we are deeply invested in people. We don't just support startups; we partner with founders, nurture potential and build businesses that are designed to thrive, scale and create lasting impact.