Lateral Frontiers VC

Active

Overview

Lateral Frontiers is a venture capital firm founded in 2017 that invests in early-stage startups focused on digital infrastructure, fintech, and cleantech, primarily in Africa and the Global South.³¹ The firm targets seed and Series A stages with check sizes ranging from $100K to $1M, backing founders building scalable businesses for emerging markets.²⁴ It positions itself as a 'global south bridge' fund, leveraging a team with over 45 years of investment experience across developing regions.⁴⁵

History

Lateral Frontiers was founded in 2017 by Rob Eloff and Steven Grin, drawing from their experience in emerging markets investments.³⁵⁶ Rob Eloff previously served as a Venture Partner at Conversion Capital, established Frontier Dawn Partners for sub-Saharan Africa investments, and held roles at JP Morgan and Goldman Sachs.⁶ The firm has grown its team with operators experienced in emerging markets and launched a new fund in January 2024.⁵⁴

Reputation

Lateral Frontiers is perceived as a specialized player in African VC by professionals, noted for its focus on frontier tech and support for local founders amid a nascent funding environment.⁴¹ Enthusiasts highlight the team's deep emerging markets expertise and data-driven approach, though its small size limits scale compared to larger funds.¹⁵ Criticisms are minimal in available sources, with recognition for strategic exits and portfolio returns in tech and sustainability.¹

Sources (7)