# Nithio: portfolio, investments and team

> Nithio is a growth equity. 3 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

[Investor](https://millionrounds.com/investors)

# Nithio

Last cheque observed Oct 2026; 3 cheques on record.

Email

Growth equity Deploying now New fund $150M, Oct 2026

Debt Series B

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Deploying now

**100%** of best year **3** **cheques in 12 months**, 3 on record

Since the last cheque **24** days **00** hrs **00** min **00** sec

Median round **$50M** Rounds led **0 of 3** Sole investor **1 rounds**

Pitch Nithio

## Nithio highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Debt and Series B: 100% of its rounds
- 03 Sole investor in 1 rounds, median $29M

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 3 rounds
- **Oct** **[MAX](https://millionrounds.com/company/max)** Series B · NG · Google News search **$29M** Sole investor
- **Jul** **[Spiro](https://millionrounds.com/company/spiro)** RW · Disrupt Africa **$125M** With 4 others
- **Feb** **[Spiro](https://millionrounds.com/company/spiro)** Debt · KE · Disrupt Africa **$50M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**5+** funds on file numbered funds in its name

New fund on file

**$150M**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Debt Series B

Median round joined **$50M** the round, not its cheque Alone, median **$29M**

Led 0 of 3 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Debt *1*
- Series B *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Afreximbank](https://millionrounds.com/fund/afreximbank) 2
- [AfricaGoGreen Fund](https://millionrounds.com/fund/africa-go-green-fund) 2

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## Who they invest alongside

The investors most often in the same rounds as Nithio. A count of rooms they were both in, not a relationship either has claimed.

[**Afreximbank** Investment firm **2** rounds together](https://millionrounds.com/fund/afreximbank)[**AfricaGoGreen Fund** Private credit **2** rounds together](https://millionrounds.com/fund/africa-go-green-fund)

## Recently backed

The latest companies Nithio put money into.

[**MAX** $29M · Oct 2026](https://millionrounds.com/company/max)

## Quick answers about Nithio

### What does Nithio invest in?

Nithio invests most often at Debt and Series B (100% of the rounds on record).

### How active is Nithio?

3 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026.

### What has Nithio invested in recently?

Its most recent investments on record: MAX (Series B, Oct 2026) and Spiro (Undisclosed round, Jul 2026).

### How big are Nithio's cheques?

The median round it joins is $50M.

### Is Nithio investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Nithio invest alongside?

Most often Afreximbank (2 rounds together) and AfricaGoGreen Fund (2 rounds together).

### What kind of investor is Nithio?

Nithio is a growth equity firm.

### Has Nithio raised a new fund?

Its latest fund filing with the SEC was in Oct 2026, reporting $150M raised.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=nithio) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=nithio)
