Organization · Micro VC
The Honey Badger Fund
The Honey Badger Fund is a seed and pre-seed venture capital fund based in Africa, focused on supporting technology-based companies that aim to create a global impact. Founded by Sim Shagaya, the fund emphasizes mentorship alongside capital investment.
Overview
What The Honey Badger Fund does
What The Honey Badger Fund is
The Honey Badger Fund is a seed and pre-seed venture capital fund based in Africa, focused on supporting technology-based companies that aim to create a global impact. Founded by Sim Shagaya, the fund emphasizes mentorship alongside capital investment.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Micro VC
- Founded
- Founded in 2024
- Approximate age
- About 2 years
- Structured capabilities
- Funder
- Last reviewed
- April 9, 2026
Official channels
Find The Honey Badger Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
The Honey Badger Fund as a funder
Investment thesis
The Honey Badger Fund supports African entrepreneurs in building technology-based companies that have a global impact, focusing on those with innovative ideas that address critical challenges in Africa's development.
Focus narrative
The Honey Badger Fund invests in technology-driven companies in Africa, particularly those led by ambitious entrepreneurs. The fund emphasizes supporting innovative ideas that tackle pressing challenges within the continent, providing not just capital but also valuable mentorship and experience.
Value beyond capital
The Honey Badger Fund offers more than just financial support; it provides mentorship and access to a vast network, leveraging Sim Shagaya's extensive experience in the tech industry to help portfolio companies navigate challenges and scale effectively.
Terms and economics
- Typical check
- $50,000–$150,000
Focus and fit
- Stages
- Pre-seed · Seed
- Regions
- Africa
Availability
- Currently deploying
- Yes
Portfolio and track record
Portfolio context
Notable portfolio companies include Konga, a major Nigerian e-commerce platform, and uLesson, an edtech company that has raised $25.6M across four funding rounds. These companies exemplify the fund's commitment to backing extraordinary Africans with transformative ideas.
Common questions
What to know about The Honey Badger Fund
Upseed classifies The Honey Badger Fund under the Micro VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 9, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.