# BFREE funding: rounds and investors

> BFREE has raised $3.0M across 2 rounds since 2025. Investors include AfricInvest, Launch Africa and Algebra Ventures. Every round with its source.

Source: https://millionrounds.com/company/bfree (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Growth startup](https://millionrounds.com/companies)

# Who invested in *BFREE*

2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Fintech

Raised 6 months ago

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Funding summary Updated 5 Nov 2026

**$3.0M** raised across 2 rounds since 2025, from 2 sources

- **Latest round:** Growth May 2026
- **Led by:** AfricInvest
- **Biggest round:** $3.0M Debt · Jul 2025
- **Investors:** 9 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$3.0M** Debt

**?** Growth

- **First round:** Debt, $3.0M
- **Biggest round:** $3.0M
- **Between rounds:** 10 months

## The rounds

- **May 2026** Growth **undisclosed amount** *8 new* [AfricInvest](https://millionrounds.com/fund/africinvest) Lead [Algebra Ventures](https://millionrounds.com/fund/algebra-ventures) [4Di Capital](https://millionrounds.com/fund/4di-capital) [Capria Ventures](https://millionrounds.com/fund/capria-ventures) [Angaza Capital](https://millionrounds.com/fund/angaza-capital) [Axian CVC](https://millionrounds.com/fund/axian-cvc) [DotExe Ventures](https://millionrounds.com/fund/dotexe-ventures) [VestedWorld](https://millionrounds.com/fund/vestedworld) Reported by Disrupt Africa
- **Jul 2025** Debt **$3.0M** *1 new* [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) Source recorded

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Debt** 2025 **Growth** 2026 [AfricInvest](https://millionrounds.com/fund/africinvest) L [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) [Algebra Ventures](https://millionrounds.com/fund/algebra-ventures) [4Di Capital](https://millionrounds.com/fund/4di-capital) [Capria Ventures](https://millionrounds.com/fund/capria-ventures) [Angaza Capital](https://millionrounds.com/fund/angaza-capital) [Axian CVC](https://millionrounds.com/fund/axian-cvc) [DotExe Ventures](https://millionrounds.com/fund/dotexe-ventures) [VestedWorld](https://millionrounds.com/fund/vestedworld)

## Everyone who backed them

[AfricInvest](https://millionrounds.com/fund/africinvest) Private equity **1** round, led 1

[Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) VC firm **1** round

[Algebra Ventures](https://millionrounds.com/fund/algebra-ventures) VC firm **1** round

[4Di Capital](https://millionrounds.com/fund/4di-capital) VC firm **1** round

[Capria Ventures](https://millionrounds.com/fund/capria-ventures) VC firm **1** round

[Angaza Capital](https://millionrounds.com/fund/angaza-capital) Private equity **1** round

[Axian CVC](https://millionrounds.com/fund/axian-cvc) Growth equity **1** round

[DotExe Ventures](https://millionrounds.com/fund/dotexe-ventures) Corporate VC **1** round

[VestedWorld](https://millionrounds.com/fund/vestedworld) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bfree).

## Also claim to have backed them

These 3 firms list BFREE as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Modus Capital](https://millionrounds.com/fund/modus-capital) Private equity Per its own site

[Tomorrow Capital](https://millionrounds.com/fund/tomorrow-capital-2) VC firm Per its own site

[beta.ventures](https://millionrounds.com/fund/beta-ventures) VC firm Per its own site

## Quick answers about BFREE

### Who invested in BFREE?

BFREE's investors include AfricInvest, Launch Africa, Algebra Ventures, 4Di Capital and Capria Ventures, and 4 more on record. AfricInvest led its latest round.

### How much has BFREE raised?

BFREE has raised $3.0M across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor.

### When did BFREE last raise?

BFREE's most recent round was a Growth in May 2026, led by AfricInvest.

### What was BFREE's biggest round?

BFREE's largest round on record is $3.0M (Debt), in Jul 2025.

### Who backed BFREE first?

BFREE's first round on record, in Jul 2025, was backed by Launch Africa.

### What stage is BFREE at?

BFREE's latest named round is a Growth, in May 2026.

### Where is BFREE based?

BFREE is based in Nigeria.

### Who led BFREE's rounds?

AfricInvest led the Growth in 2026.

## Companies like BFREE

In the same sector, and raised in the last eighteen months.

[**Helium Health** $33M · Nov 2026](https://millionrounds.com/company/helium-health)[**MAX** $76M · Oct 2026](https://millionrounds.com/company/max)[**Nomba** $33M · Sept 2026](https://millionrounds.com/company/nomba)[**Yellow Card** $73M · Aug 2026](https://millionrounds.com/company/yellow-card)[**Moove** $350M · Aug 2026](https://millionrounds.com/company/moove)[**Daya** $2.4M · Jun 2026](https://millionrounds.com/company/daya)

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