Toukam Ngoufanke Promoted to Partner

January 9, 2024

Persistent is pleased to announce that Toukam Ngoufanke has been promoted to Partner. Toukam has been with Persistent for over three years, most recently as Senior Principal and Venture Builder. In that role, he has driven our investing, portfolio management and Venture Building efforts across many of our partner companies in Sub-Saharan Africa. Notably, he has been at the forefront of our investments in the e-mobility sector and played a key role in building these companies. Toukam has also demonstrated leadership both within the firm and in the East African Climate investment community, mentoring other Persistent staff, speaking at industry events and acting as a resource for the community at large.

Prior to joining Persistent, Toukam worked at KPMG and Mastercard both in the United States and in several Sub Saharan Africa markets.

Toukam was born and grew up in Cameroon. He attended university in the United states,  where he earned an MSc in Engineering from Northwestern University and  bachelors in Engineering jointly from Columbia University and DePauw University. He also earned MBA and MA degrees from the University of Pennsylvania’s Wharton School and Lauder Institute. He is fluent in four languages.

Tobias Ruckstuhl, Managing Partner, said “Toukam has been an invaluable team member at Persistent, his results and contributions speak for themselves. His commitment and values are 100% aligned with Persistent and I look forward to Toukam continuing to shape and build Persistent – now as a Partner. Congratulations and well deserved!

Partner and CLO Wairimu Karanja added “We are proud and excited to have Toukam join the Persistent Partnership. He exemplifies the concept of hands-on venture building, having worked closely with our partner companies to make their businesses scale. He is a mentor to the team and a thought leader in e-mobility, energy efficiency and climate tech. He is also an all-around fun person to work with. Toukam is someone you want and need in your corner and we are so fortunate to have him in ours. Félicitations Toukam!

The Persistent Board of Directors, Partners and  entire Team congratulate Toukam Ngoufanke on his promotion and look forward to Persistent’s continued success with  his leadership.