We are building a generation of world-class businesses operating in Africa
About L5Lab

We focus our company building efforts on finding and developing great leadership teams.


We make seed stage investments in high potential tech-related companies in Africa.


We sometimes create companies from scratch when we believe we have a “right” idea.


We develop international partnerships to successfully extend proven business models into West Africa and the broader Sub-Saharan region.


We support management teams through the process of raising growth capital.

L5Labs offers its portfolio companies:

    Strategic management support & CEO Mentoring
    Office space and other administrative support services

Chika Nwobi
Managing Partner
Patrick Ilodianya
Chief Technology Officer


Jobberman.com is an online job vacancy website that helps companies find talent and jobseekers find vacancies.

Cheki West Africa

L5Labs L5 invested in starting Cheki in Nigeria in 2011. It is now the leading cars website in Nigeria with operations in Lagos, Abuja, Port Harcourt, Enugu and Kaduna.


L5lab invested in Oya.com.ng to provide bus ticketing solutions for inter-city bus companies in Nigeria. Travelers will be able to go on oya.com.ng from their mobile phones to book bus tickets and pay via mobile money or other channels.


Kamdora.com is an online fashion website for the stylish Nigerian.


440.ng is a joint venture between L5LAB and 88mph investing in start-ups in Africa through a 3 month accelerator program model

Startups can apply for investment from the 1st of May this year, we will make our first investments during August. The startups that receive an investment from us will move their laptop and coffee mug into a co-working space where we will spend 3 months working together with them on getting to market, testing their products, and helping them build a strong investment case for bigger investors. We invest between $10k - $100k USD.

Partnership with Stripe

"The promise of the internet is that geography should be largely irrelevant. But that's not yet true: the majority of the world's population lives in a country where they don't have access to high­quality banking or payments infrastructure,” said Patrick Collison, CEO of Stripe.

“There's a lot of latent potential in places like Africa, Latin America, Asia, and the Middle East ­­ places where developers and entrepreneurs simply aren’t on a level playing field with people in more developed economies".
L5lab is pleased to announce that it is a part of the global network of incubators, accelerators, and investors ​partnered with Stripe on its new venture, Stripe Atlas. Stripe Atlas is a new product that’s designed to make it easy for developers and entrepreneurs from almost anywhere to start global internet businesses. In a few clicks, Atlas entrepreneurs can gain access to:

  • An incorporated U.S. business entity.
  • A U.S. bank account and tax ID number.
  • A live Stripe account to receive payments from anywhere in the world.
  • The basic services they need to get started; including tax advice from PwC, legal advice from Orrick, Herrington & Sutcliffe, and tools and resources from Amazon Web Services, as well as $15,000 in AWS credits.
Atlas is initially offering incorporation in the U.S. and hope to expand the program to offer entrepreneurs the option of incorporating in a handful of other countries around the world over time. There’s more info about Atlas at stripe.com/atlas.

Stripe is a software platform for building and running a global internet business. It is currently in 24 countries. 17% of the world’s population can access Stripe, 1.2 billion of 7.2 billion people on the planet.

Stripe will be working with all their partners to ensure that Atlas is available to legitimate entrepreneurs and businesses -people who are serious about building a global, online business. We're not loosening or changing the fundamental criteria for establishing a business; we're taking things that are theoretically available to entrepreneurs around the world and removing artificial roadblocks so that they're ​actually ​available.

L5lab invests in building tech companies in Nigeria. Our notable portfolio companies include Jobberman.com, Cheki.com.ng and Kamdora.com. L5lab partnered with 88mph to create 440.NG seed fund and accelerator program and also co-invested in the Lagos Garage co-working space. L5lab is Atlas’ only Nigerian partner.

The official launch of Stripe Atlas was on February 24th 2016 in Barcelona, Spain.

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Get Involved

Here are a few ways to get involved.

L5 Fellows

An L5 Fellow will work for 3-6 months as an Expert-in-Residence with our portfolio companies in an area of strength. For you, this could be marketing, sales, business development, IT, business intelligence, product management or more. Everyday you’ll act as a sounding board for entrepreneurs as they build their businesses while suggesting and implementing ideas of your own based on your experience.

An L5 Fellow could go on to start their own company with potential backing from L5, work in the African tech sector, or join one of our startup companies in a leadership position.

Click Apply Nowor Send a mail to careers@l5lab.com with subject L5 Fellow

Country Manager - Ghana, Cote D-Ivoire, Angola

We are expanding our businesses across Africa, and need country leaders.


  • Minimum of 5 Years in a management role creating and implementing strategy
  • Prior Experience in Business Development Field
  • Demonstrated record of outstanding professional achievement.

Click Apply Nowor Send a mail to careers@l5lab.com with subject Country Manager


Entrepreneurs typically bring ideas to life and vision to fulfillment. We believe that successful ventures are a product of useful and productive partnerships. Are you an entrepreneur, driven by innovation and new challenges, If you have a company or an idea, you are willing to roll out but don’t know how, you shouldn’t do it alone, we should travel the path and win together.

Click Apply Nowor Send a mail to careers@l5lab.com with subject Co-Founder

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Contact us

Our location

Penthouse, The MooreHouse Ikoyi, 1 Bankole Oki Street, Off Second Avenue, Ikoyi, Lagos, Nigeria.

E-mail addresses