Tomie Balogun is a seasoned professional with a diverse career that has afforded her a unique perspective on the intricacies of conducting business in Africa. With over 15 years of experience spanning management consulting, telecommunications, investment advisory, and FinTech, Tomie currently serves as a strategic leader at Twelve LLC. In her current role, she focuses on raising venture debt for growth startups, offering financial advisory services to high-net-worth clients, and providing technical assistance on government development projects.Key Accomplishments:Investment Syndicate Leadership:- Led two investor syndicates, with approximately 40% women participation, raising $1.4 million for two prominent VC funds in Africa.- Lead Limited Partner (LP) on a $14 million Africa-focused VC fund, LoftyInc Afroprenuers Fund III (LAF3), member of the Limited Partner Advisory Committee (LPAC). LAF3 has invested in 56 startups with a cumulative valuation of $3.1 billion.- Limited Partner (LP) on a $40 million Ventures Platform Fund IV (VP IV), featuring Tier 1 LPs such as the International Finance Corporation (IFC), Nigerian Sovereign Wealth Fund, and British International Investment (BII). VP IV has invested in 43 startups with a cumulative valuation of $467 million.Venture Debt Mobilization:- Successfully mobilized over $25 million in venture debt for SMEs, fostering job creation and economic growth in sectors like Agtech, Fintech, Logistics and Proptech.TGI Club Transformation:- Created and elevated TGI Club into the investment club with the highest capital deployed per member in Africa, garnering extensive press coverage on BBC Africa, CNBC, Yahoo Finance, and other notable outlets.Thought leadership and Recognition:- Achieved Amazon best-seller status with the book, "Investment Clubs - How to Create Wealth Beyond Your Paycheck." The book ranked as the No.1 new release in the crowdfunding category on Amazon upon its May 2018 launch and secured the No. 6 position in the Amazon bestsellers rank.Angel Investing and Directorship:- Active angel investor and inaugural Chairperson of the Board for Midlothian Angel Network in Texas, USA.Accolades and Education:- Recognized as one of the 100 most inspiring women in Africa by Leading Ladies Africa.- Shortlisted as a finalist in the gender streaming award for female role models in Africa by Accenture.- Holds a Bachelor's degree in Economics, a Master of Business Administration (MBA) degree, and is an alumnus of the Harvard FinTech program.
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Founding Partner And CeoTwelve Inc.Nigeria -
Member Of The Board Of AdvisorsRegxta Oct 2024 - PresentRegxta provides easy, quick and affordable digital financial solutions to unbanked individuals and micro businesses in rural and semi urban communities in Africa. Raised seed funding ~$500k -
Chairperson Of The BoardMidlothian Angel Network Sep 2024 - PresentMidlothian Angel Network (MAN) is a high-growth angel investor network in North America, with over 200 angel investors, which has deployed $1.2m in capital to 21 companies till date.In my current role as Board Chair, my primary role is to provide strategic leadership, oversee the network's operations, and protect the interests of members. Strictly impactful and voluntary. -
Non-Executive Director & Angel InvestorMidlothian Angel Network Apr 2021 - Aug 2024As a Non-Executive Director, I contribute to innovation & diversity at Midlothian Angel Network (MAN), a high-growth angel investor network in North America.I also provide strategic guidance in raising capital for underrepresented and minority founders, leveraging my operational & investment expertise to provide advisory mentorship for portfolio companies. -
Founding Partner & CeoTwelve Jan 2020 - PresentIbeju Lekki, Lagos, NgTwelve is a private investment and advisory company..Twelve helps growth SMEs restructure business models for growth and raise working capital required to deliver superior services and implement impact solutions in emerging marketsTwelve also provides technical advisory and consulting services to private institutions, development finance institutions and government agencies to execute high priority project initiatives for SME Investor readiness, growth and economic development. -
Lead Lp (Laf3)Loftyinc Capital Management Aug 2021 - PresentIkeja, Lagos, NgLoftyInc Capital Management is an early-stage African-focused venture capital firm.Currently a Lead Limited Partner (LP) on the $14 million Africa-focused LoftyInc Afroprenuers Fund III (LAF3), also a member of the Limited Partner Advisory Committee (LPAC). As a member of LPAC, I contribute to reviewing the fund's strategy, performance, and adherence to the Limited Partnership Agreement (LPA) to ensure the GP's actions align with the investment goals and risk tolerance outlined for the LPs.LAF3 has invested in 56 startups with a cumulative valuation of $3.1 billion. -
Techstars MentorTechstars Aug 2023 - Feb 2024New York City, New York, UsTechstars Detroit powered by JP Morgan Fall 2023Empowered 12 diverse founders (Black, Hispanic & Latino, Indigenous American, Pacific Islander) through the Techstars Detroit Powered by JP Morgan accelerator program. Provided strategic guidance on business models, go-to-market strategies, and fundraising to help them achieve key milestones.ARM Labs Lagos Techstars Accelerator Program 2023Mentored founders at ARM Labs Lagos, the first Techstars program on the continent. Helped early-stage ventures across FinTech, e-commerce, climate tech and more navigate critical growth hurdles, accelerating their journeys to tackle Africa's unique challenges. -
Founder (Now Board Member)Tgi Club Oct 2017 - Sep 2022The TGI club is a private membership-based digital community. The club provides exclusive access to vetted investment opportunities and capital funds with attractive returns. The team and I successfully facilitated crucial investment interventions and crowdfunded $25m+ in venture debt for SMEs across core sectors such as agriculture, consumer lending, logistics and real estate in Nigeria. -
Product Manager, West AfricaGreystone Partners Limited Dec 2014 - Dec 2016Victoria Island, Lagos, NgManaged a team of analysts, key stakeholders and technical specialists building consumer technology products that solve everyday problems by leveraging on telecommunications . Accomplishments:- Successfully launched a power vending product and proprietary power lending product in partnership with leading power distribution companies in Nigeria- Managed the concept to launch process for a mobile health application for the underserved community in Nigeria -
Business Planning & AnalysisAssistant Manager - Airtel Nigeria Sep 2014 - Dec 2014Lagos, Lagos, NgResponsible for annual budget planning and control for all business units within Airtel Nigeria -
Bharti Airtel Young Leaders ProgramAssistant Manager - Airtel Nigeria Aug 2013 - Aug 2014Lagos, Lagos, NgSelected as one of 5, out of a class of 50 MBA students, as a young leader on an accelerated leadership program in Bharti Airtel Ltd for young African leaders who show immense promise. Accomplishments- Participated in creating and implementing a business continuity management project for Airtel Nigeria.- Secured a 100% increase in corporate partner relationships for the Airtel premium loyalty program.- Evaluated and analysed financial statements of over 40 Airtel branded shops. Made recommendations based on findings. Recommendations were implemented and revenue increased by 12%. Also successfully introduced additional revenue lines to the retail shop P&L - Carried out a telecommunications industry research and analysis of key elements of the customer acquisition model. Cost of acquiring additional customer declined as a result of streamlining costly elements of the customer acquisition model to achieve a leaner customer acquisition model -
Consultant, Manufacturing, Agribusiness & ServicesIfc - International Finance Corporation Jul 2012 - Sep 2012Washington, Dc, UsDirectly responsible for research to showcase the opportunities to provide targeted capital/funding to mainstream industries; manufacturing, agribusiness & services in Nigeria and building business relationships with stakeholders for IFC in those industries -
Business AnalystAlliance Consulting, Nigeria Mar 2007 - Aug 2011Worked in teams on projects focused on driving strategy and re-engineering business processes for companies in the financial industry. Some of my projects while on this role included; A due diligence exercise on a software company with a balance sheet size of N3.15bn due to a private equity firm’s investment interest. The private equity firm made an informed investment decision due to our findings.A staff audit project to restructure the longest surviving indigenous bank in Nigeria with total assets worth $1.4 billion. The bank was successfully restructured, survived the banking crisis in 2009 and is currently competitive in the banking industry.A strategy and business planning exercise for one of the most innovative banks in Nigeria in its bid to expand its operations across Africa.
Tomie Balogun Education Details
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Harvard Business School OnlineFin-Tech Online Program -
Lagos Business School, Pan-Atlantic UniversityStrategy And Finance -
Lagos State UniversityEconomics
Frequently Asked Questions about Tomie Balogun
What company does Tomie Balogun work for?
Tomie Balogun works for Twelve Inc.
What is Tomie Balogun's role at the current company?
Tomie Balogun's current role is Founding Partner and CEO.
What schools did Tomie Balogun attend?
Tomie Balogun attended Harvard Business School Online, Lagos Business School, Pan-Atlantic University, Lagos State University.
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