uMunthu

What they do

Founded in 2006 by Wim van der Beek, Goodwell Investments initially focused on financial inclusion in India before shifting its primary focus to the African continent. The firm operates on the founding principle of "Do well by doing good," proving that competitive financial returns can be achieved alongside measurable social, economic, and environmental impact. Goodwell is highly distinctive for its localized approach; all investments are led by regional experts based in their focus markets, and they maintain a long-standing joint investment partnership with Alitheia Capital in Nigeria to oversee West African deals. They are currently actively deploying from their flagship uMunthu II fund, targeting high-growth, high-impact businesses that build inclusive economies.

What they look for

Goodwell’s thesis is to invest in scalable, early-growth stage companies that provide accessible, affordable, and high-quality essential goods and services to un(der)served populations. They believe that serving this massive demographic not only contributes to an inclusive economy but also provides highly resilient growth opportunities that can withstand market and geopolitical shocks.

Stage

Seed, Series A, Series B+

Sectors

Fintech, Food and agriculture, Mobility and logistics, Healthcare, Edtech, Climate

Based

Amsterdam, NL