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Most Active Investors in the Kenyan Startup Scene

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Active Investors

Most Active Investors in the Kenyan Startup Scene

Raising funding from a venture capitalist can be a make or break time for any early-stage startup in Africa more so finding a good match for your startup’s vision.

Early-stage funding in Africa has increased dramatically over the past three years. At Founder360°, we compile data on funding activities in the continent.

Using this data, we have prepared a curated list of the most active investors present in the Kenyan startup scene. These are VCs that have invested in three or more startups within the last 36 months (approx).

To keep things concise, the list excludes grants and investments from Accelerators and Incubators.

 

DOB Equity

DOB Equity is a leading Dutch family office investing in innovative, scalable and impactful companies in East Africa. They take a diversified portfolio approach and invests venture capital and private equity in growth capital and buy-and-build strategies in small and medium companies.

Number of startups/companies invested in the past 36 months: 6
Companies Invested: Cropnuts, Twiga Foods, Sendy, Africa Logistic Properties, Countryside Dairy Ltd, PowerGen Renewable Energy.

 

Novastar Ventures

Novastar is a venture capital fund that provides early-stage and growth capital to innovative businesses serving the mass low-income markets in Eastern and Western Africa.

The fund aims to support the next generation of impact-driven entrepreneurs who are designing and executing breakthrough business models in order to provide essential products and services for the mass low-income markets in Africa.

Number of startups/companies invested in the past 36 months: 5
Companies Invested: Poa Internet, Lynk, PayGo Energy, Sanergy, Komaza.

 

Villgro Kenya

Villgro Kenya supports early-stage, innovation-based, for-profit social enterprises in the healthcare and life sciences sector by providing incubation services.

The firm helps bring global health innovations to market through social entrepreneurship to promote sustainable health impact in Kenya and the East African Community bloc.

Number of startups/companies invested in the past 36 months: 5
Companies Invested: Medicals Africa, Insurance for All, ConnectMed, Maisha Meds, Ilara Health.

 

AHL Venture Partners

AHL Venture Partners is an African impact investing venture capital firm investing in innovative, scalable businesses that contribute to solving pressing social and environmental challenges across Africa.

The firm has two funds namely AHLCF which makes equity, quasi-equity and debt investments in early-stage social enterprises and funds in Africa and AHL Growth Fund which focuses on rapidly growing businesses that are providing essential goods and services to people living at or near the bottom of the pyramid.

Number of deals in the past 36 months: 4
Companies Invested: Twiga Foods, Cropnuts, Sidai Africa, Tulaa.

 

MASSIF Fund (Dutch Development Bank FMO)

The MASSIF Fund is Dutch government-managed fund that focuses on the unbanked, agriculture, women-owned businesses and innovations in inclusive business.

It invests through a variety of instruments from seed capital, local currency debt and mezzanine structures to direct equity and investment funds. 

Number of startups/companies invested in the past 36 months: 4
Companies Invested: Apollo Agriculture, Lendable Inc, Umati Capital, M-Kopa Kenya.

Read: The Most Notable African Startup Acquisitions of 2019

Chandaria Capital

Chandaria Capital, the professional investment arm of Chandaria Group is a VC firm based in Nairobi focusing on helping entrepreneurs turn their ideas into a business that will transform Africa.

Number of startups/companies invested in the past 36 months: 3
Companies Invested: Ilara Health, Savannah Brands, Sokowatch.

 

GreenTec Capital

GreenTec Capital Partners invests in African start-ups and SMEs with a focus on combining social and environmental impact with financial success. 

The firm uses capacity building, process optimization and a diverse team of international experts to help startups implement and adapt the latest technologies to their models so they can extend their value chains and have more impact locally.

Number of startups/companies invested in the past 36 months: 3
Companies Invested: Netwookie, Bismart Insurance, Yusudi.

 

EchoVC Partners

EchoVC Partners is a seed and early-stage venture capital firm focused on financing and cross-pollinating leading technologies, teams, business models and knowledge across North America, Africa and SE Asia.

In Africa, they focus on the underserved seed/early-stage venture and growth capital technology investment opportunities.

The average investment size ranges from US$25,000 to several million dollars depending on the stage of opportunity and capital needs of the business.

Number of startups/companies invested in the past 36 months: 3
Companies Invested: Kukua, Ma3Route, FinAccess.

 

Blue Haven Initiative

Blue Haven funds early-stage, innovative businesses that improve standards of living, create economic opportunity and deliver products and services cleanly and efficiently to underserved communities.

A key area of focus is sub-Saharan Africa, a region that it believes provides opportunities for impact and financial returns.

Number of startups/companies invested in the past 36 months: 3
Companies Invested: Yusudi, Shortlist, Twiga Foods.

 

Lateral Capital

Lateral Capital invests in early and growth-stage opportunities in sub-Saharan Africa. The Fund backs technology-enabled businesses that profitably solve significant pain points across critical infrastructure verticals: financial services, energy, healthcare, and education.

Number of startups/companies invested in the past 36 months: 3
Company Invested in: Lynk, Koko Networks, Workstyle. 

Image Credits: Source


For any clarifications, kindly reach us on support@founder360mag.com

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