TLcom Capital has bolstered its management team with the appointment of Eloho Omame as partner.
Omame will maintain her role as co-managing partner at FirstCheck Africa, a Nigeria-based early-stage investment firm she co-founded in 2021.
This comes as TLcom Capital and FirstCheck sign a co-investment pact to back early stage deals across Africa.
TLcom has committed to co-invest $2 million in deals backed by FirstCheck Africa Fund I, a vehicle sized at $10 million. This raises FirstCheck’s investment capability to $12million.
TLcom will be co-investing from Technology and Innovation in Developing Economies (TIDE) Africa Fund II, which is targeting $150 million at final close.
Omame also worked at Endeavor, a US-based investment firm, where she was managing director and chief executive officer in the Nigeria office, for over three years between 2018 and 2021.
At Endeavor, she had been brought in to head the firm’s newly set up Nigeria office. The Endeavor Nigeria office had been set up in partnership with Omidyar Network, the investment vehicle backed by eBay founder Pierrer Omidyar.
Prior to Endeavor, Omame was managing director at Amari Ventures, an Africa-focused early-stage technology company she founded in 2016.
She had set this up after leaving General Atlantic, where she had been vice president in the two years up to 2016. She had been tasked with the development of General Atlantic’s strategy for Sub-Saharan Africa, as part of her mandate.
Omame had earlier been at First Bank of Nigeria (FNB), where she was for over three years, leaving in 2012 as principal manager and head of corporate development.
She joined FNB from Renaissance Capital, where she had moved to in 2007, leaving two years later as vice president – in 2009.
Omame had been at Credit Suisse in the four years up to 2007 – leaving as associate.
She spent the earlier part of her career at ING Barings, where she had been between 2001 and 2003 – leaving as analyst.