Verod Capital Management
Lagos-headquartered, Africa-focused private equity firm, co-founded in 2008, whose single documented music-industry transaction is a 2011 investment in Spinlet.
- Based in
- Lagos, Nigeria
- Founded
- 2008, per Pulse Nigeria's profile of co-founder Eric Idiahi, read directly by this desk.
- Founders
- Eric Idiahi and Danladi Verheijen. Idiahi is named as Executive Director, Verod Capital in the firm's own 31 May 2011 press release on Spinlet; Verheijen is named as CEO, Verod Capital in the same release. Pulse Nigeria's profile of Idiahi separately describes him as a co-founder of the firm in 2008.
Verod Capital Management is a Lagos-headquartered private equity firm investing across Africa, with offices also reported in Accra, Ghana; Ebene, Mauritius; and Abidjan, Cote d’Ivoire. It was co-founded in 2008 by Eric Idiahi and Danladi Verheijen.
The firm is independent, structured around multiple fund vehicles including a venture arm branded Verod-Kepple Africa Ventures. Verheijen, originally CEO, is now listed on the firm’s own site as Managing Partner, alongside a wider partner group. Verod does not disclose its full portfolio or fund investors publicly.
Verod’s music-industry relevance is a single, well-documented 2011 transaction: a significant, undisclosed investment in Spinlet, a Finnish mobile music app relaunched toward African markets, after which Idiahi became Spinlet’s chief executive. Verod’s own site does not name Spinlet among its current holdings.