Business Intelligence: – Investors in the Kenyan tech-startup ecosystem

The Kenyan start-up investor group has grown exponentially, especially for new tech companies that have a great product or service proposition. Below are some of the tech investors that are investing even seed capital to tech start-ups.

Africa Tech Ventures: Africa Tech Ventures (ATV) invests in the growth of high potential startups in Sub-Sahara Africa. ATV focuses on companies that increase access to essential goods and services for African consumers or provide solutions that help businesses access markets and financial services. The VC invests between $100 000 and $5-million in exchange for a significant minority equity stake and can participate in multiple financing rounds.

TLcom Capital: TLcom Capital is a venture capital (VC) firm based in Nairobi, Lagos and London with over €200 million in available funding. TLcom Capital is the first international VC fund that focuses exclusively on technology-enabled services and innovation in Sub-Saharan Africa across all stages of the venture capital cycle.

Safaricom Spark Venture Fund: Mobile network operator Safaricom founded this $1-million fund in 2014 to back late seed to early-stage startups that use mobile tech as an enabler. Investees of the fund include FarmDrive, iProcure and Eneza Education.

Savannah Fund: The Savannah Fund is a seed capital fund specialising in making investments of between $25 000 and $500 000 in early-stage high growth tech startups in sub-Saharan Africa.

Acumen: Acumen started investing in East Africa in 2001, in companies that provide solar energy, anti-malarial bed nets, agricultural inputs and more. Since then the non-profit impact investor has invested over $28-million in East African companies.

Business Partners: Business Partners is a specialist risk finance company for formal small and medium enterprises in South Africa, and selected African countries. The company offers risk finance using equity, royalty and debt finance, or a combination, and added value support in the form of mentorship and property investment and management for entrepreneurs.

Grassroots Business Fund: The GBF is a global impact investing organisation that aims to help grow and support businesses that provide sustainable economic opportunities to those in Africa, Asia and Latin America. In Africa, the investor has committed over $11-million, and invested in Kenyan companies like BrazAfric, Soko and Wamu.

Kitendo Capital: Kitendo Capital is an angel impact investment fund focusing on developing countries in Asia and Africa. Kitendo Capital’s focus is on the sectors of education, agriculture, health and finance.

Accion: Accion is a global non-profit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. In Kenya Accion through Accion Venture Lab has backed Umtati Capital and Kopo Kopo.

Invested Development: This investment firm and holding company, which has an office in Nairobi, is focused on building high-growth, massively scalable businesses that are involved in solving really big problems.

Bamboo Finance: Bamboo Finance is a commercial private equity firm specialising in investing in business models that benefit low-income communities in emerging markets. These are usually in sectors like energy, financial inclusion and healthcare.

TBL Mirror Fund: The TBL Mirror Fund is a private equity fund that invests in East African and Nigerian small businesses. Investors in the fund are successful private individuals with a wide variety of backgrounds, from CEOs of large multinationals, to seasoned entrepreneurs and experienced venture capitalists.

DOB Equity: DOB Equity is a Netherlands-based family backed impact fund investing in socially responsible businesses across various sectors in East Africa.

Acumen Fund: Non-profit Acumen, through its Acumen Fund, aims to change the way the world tackles poverty by investing in companies, leaders, and ideas. The fund focuses on financial inclusion, agriculture, energy, health as well as water and sanitation.

Village Capital: Village Capital trains and invests in entrepreneurs that solve real-world problems.

 

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