Ventures

We back Ghanaian small businesses too.

Real estate is most of what T.I does. But we also back Ghanaian operating businesses — companies we know, founders we trust, and sectors we’ve watched closely. We don’t scout, we don’t syndicate, and we only back a business where we can be useful.

Toivo invests its own capital in these businesses. We do not raise or accept outside money for ventures.

Companies
05
Cities
03

Portfolio

Five operating businesses, three Ghanaian cities.

Company names are withheld until each business has confirmed it consents to being named publicly. Sector and city only.

  • Oil marketing

    Accra

  • Building materials

    Accra · Ho · Kumasi

  • Car rental

    Accra

  • Wholesale trade

    Accra

  • Agriculture

    Accra

How we invest

Our own capital, long horizon, real help.

Our angel work is funded from the firm’s balance sheet, not a pooled fund. That means no LP timeline, no exit pressure, and no obligation to deploy on a clock.

  1. 01

    Ghana-based, operating businesses

    Real customers, real revenue (or a 90-day path to it). We don't fund pre-product or speculative tech without a working pilot.

  2. 02

    Founders we've met in person

    Cold inbound is unlikely to convert. Most of our portfolio came through founders introduced by an existing portfolio company or a long-standing client.

  3. 03

    Useful, not just capital

    Where it helps, we open our network for hiring, banking introductions, legal partners, and quarterly operating reviews. If a founder doesn't want that, we're not a fit.

  4. 04

    Our own balance sheet, never outside money

    Every cheque comes from Toivo Investment directly. We do not raise, pool, or manage outside capital for ventures, and we are not the lead investor in any round.

What we look for

  • Operating businesses based and incorporated in Ghana.
  • A founder who can run the business without us in the room.
  • Honest unit economics — even if margin is thin today.
  • A small round with a co-investor we trust, or a clean bilateral cheque.
  • Some signal we can be useful beyond the cheque.

What we don’t fund

  • Pure crypto, NFTs, or speculative trading vehicles.
  • Companies whose primary revenue depends on a single government contract.
  • Pre-product startups without a working pilot.
  • Founders we haven’t met in person.
  • Anyone asking us to lead a round.

For founders

Building something real in Ghana?

A short note works better than a deck. Tell us what you’re building, who’s on the team, what your last 90 days looked like, and what you’re raising. We answer every founder, even when the answer is no.

contact@toivoo.com

Or write to the firm directly.