Traffic tech · Insurance
Traffic enforcement, and Nigeria’s official vehicle and driver risk rating for insurers.
motomarket.ng ↗Visit MotoMarket?
Venture studio & fund · Since 2013
Building ventures that reshape African markets.
About us
Honey from 3,000-year-old tombs was still edible. We build to last like that.
Baye is an African venture studio and fund, based in Nigeria and the United Kingdom.
“Nothing is so powerful as an idea whose time has come.”Victor Hugo
13+
Years building
9
Ventures in the hive
2
Hubs · Nigeria & UK
Philosophy
Why we think like bees.
The bee does not rush or guess. It collects, transforms and refines. That is the standard we hold ourselves to.
A bee has five eyes and sees light no other creature can.
We see what others miss.
Every opportunity is read through five lenses: founder, market, timing, capital and culture.
Bees carry nectar in a second stomach, to transform it rather than consume it.
Capital that transforms.
We add network, clarity and judgment to what founders bring.
Bees fan fresh nectar for days until only the essential remains.
We remove the noise.
We strip away unfocused strategy and wrong questions until what is left is concentrated and real.
Nectar is passed from bee to bee, and each handoff makes it richer.
Networks that enrich.
Operators, co-investors and partners. Every touch adds value.
The hexagon holds the most with the least material.
Built for scale.
Concentrated portfolios, structural bets and capital efficiency by design.
How we show up
Operating commitments, not values on a wall.
Purpose first
We act only when the purpose is clear.
Founders first
Our returns exist because founders succeed.
Earned presence
We earn our seat with clarity, access and candour.
Long horizon
We build for decades, not quarters.
Digital Public Infrastructure
The rails a nation runs on.
We design and build the digital systems governments need to serve whole populations, working with regulators to turn policy into technology.
- IdentityWho people are, verified once.
- PaymentsMoney that moves for everyone.
- Data exchangeRecords that flow safely between institutions.
Portfolio
Where the honey lives.
Contact
Pitch us.
Building something Africa needs? Tell us in a few lines.
hive@bayecapital.comNigeria · United Kingdom
Chapter one
The Studio.
We build companies from zero, and have since 2013.
Our process
How a venture becomes honey.
01
Ideation
Ideas born in-house from real market gaps.
02
Validation
Tested mathematically with Bayes’ Theorem.
03
Implementation
Built by our team, side by side with founders.
04
Monetisation
Taken to revenue, then to scale.
Corporate Venture Studio
Venture building for institutions.
For corporates, governments and industry bodies that want new ventures without building the machinery from scratch.
- IdentifyFind the opportunity worth building.
- ValidateProve it with our studio method.
- BuildShip it with our team and network.
For founders
Already building? We help you grow.
We back start-ups to expand, and help international companies enter African markets.
Chapter two
The Fund.
Capital for high-conviction African ventures, held to institutional standards.
$15M
Target fund size
FCA
UK authorisation in progress
Africa
Investment focus
Strategy
Built in the studio. Backed by the fund.
The strategy
We are raising $15 million for proprietary ventures built in our studio, and for select external companies that meet our criteria.
The fund is pursuing FCA authorisation in the UK, giving our investors institutional-grade governance and protection.
How capital is deployed
Most capital goes to ventures we originated and validated, where our information advantage is deepest.
The rest is for co-investing with external founders and international partners entering Africa.
Our thesis
What we look for.
Six cells, one comb. A venture earns our capital when it fills most of them.
Structural demand
Needs that exist regardless of cycles.
Regulatory leverage
Where policy creates the moat.
Data asset creation
Ventures that own proprietary data.
Path to profitability
Clear, early and sustainable.
Scalable infrastructure
Systems that compound across markets.
African market fluency
Teams who know the ground.
FCA authorisation in progress
Talk to us →
Portfolio
PropTech · Insurance
Nigeria’s building fire and insurance certification system, and tools for landlords at scale.
buildsure.ng ↗Visit BuildSure?
InsurTech · Blockchain
Autonomous insurance on the blockchain, with no middlemen.
selfcontain.ng ↗Visit Selfcontain?
Healthcare · Sub-Saharan Africa
Safe, affordable healthcare, starting with a national prescription system.
haimahealth.org.ng ↗Visit Haima Health Initiative?
Beauty · Consumer
A verified marketplace to find, book and review beauty professionals.
glamorgram.com ↗Visit Glamorgram?
Sensei StudiosAnimation · Creative
African stories told through world-class animation.
senseistudios.ng ↗Visit Sensei Studios?
Energy · Infrastructure
Africa’s smart meter data network. Real-time energy data for homes and businesses.
powerplay.ng ↗Visit PowerPlay?
AgriTech · Research
A self-sustaining ranch for agricultural research and land stewardship.
asab.ng ↗Visit Aracari Farms?
Food · Consumer
Nigeria’s iconic suya, served fast and at scale.
Coming soonDJ Suya opens soon.