Top 10 InsurTech VC Funds in Kenya

Last updated: Apr 2024 A list of 10 VC funds that invest in Insurtech startups based in Kenya. We rank investors based on the number of investments they made in Insurtech companies from Kenya. We update this investor list every month.

Top 10 InsurTech VC Funds in Kenya

Investor	InsurTech Kenya investments
Future Africa	2
Harlem Capital Partners	1
Finclusion Group	1
AAIC Ventures	1
P1 Ventures	1
Continent Venture Partners	1
TrustGro	1
Accion Venture Lab	1
Acuity Ventures	1
Consonance Investment Managers	1

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Investor list

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

Investment focus

Financial Services, FinTech, Information Technology
Seed, Pre-Seed, Series A
Nigeria, United States, Kenya

Portfolio highlights

Moove — Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs, democratizing vehicle ownership globally. The company embeds its alternative credit-scoring technology onto ride-hailing, logistics, and last-mile/instant delivery platforms, which allows access to proprietary performance and revenue analyticsof mobility entrepreneurs to underwrite loans.
Anchor — Anchor is building the infrastructure needed for businesses to build, launch, and scale banking and payment solutions.
Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.

Harlem Capital is an early-stage venture firm that invests in post-revenue tech-enabled startups, focused on minority and women founders. The firm invests in founders from all backgrounds and is committed to preserving capital for investments in minority and women founders. Their skill sets in finance, media, and entrepreneurship, along with theirexpansive network, allow them to provide the most value-add per invested dollar for early-stage companies.

Investment focus

Information Technology, Software, SaaS
Seed, Series A, Pre-Seed
United States, Kenya, Peru

Portfolio highlights

Trustible — Document, manage, and report on your AI Governance strategy to build trust and reduce risk. https://www.trustible.ai/
Velma — Automatically coordinate the whole company on product delivery - with a superhuman project manager.
Propense.ai — Propense.ai is a SaaS platform that identifies new revenue streams for businesses, augmented with AI technology. Our B2B predictive sales intelligence model enables firms to streamline and maximize their cross-selling revenue by analyzing historical and market data points to reveal revenue opportunities hiding in plain sight. Propense.ai makes iteasier for businesses to know what they should be selling to their clients next, effectively bringing the recommendation revolution to the B2B market.

Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Investment focus

InsurTech, Insurance
Seed
Kenya

Portfolio highlights

mTek — Manage your insurance digitally by purchasing affordable covers online, comparing quotes from your favorite insurers and settling claims through mTek

AAIC Ventures focuses on companies with management, technology, and production in Asia, addressing a global market. AAIC Ventures believes that it is in the midst of a technological revolution and Asia, where it has its connections and experience, will play a pivotal role.At the heart of its AAIC Ventures' involvement in start-ups is thedrive to support their development, innovation process and growth with both advice and hands-on involvement.Developing good ideas into a marketable product and process requires incredible innovation and creativity. AAIC Ventures likes to challenge the status quo and take an active role in finding alternative ways for our companies to achieve their goals.AAIC Ventures combines its work with its portfolio companies with serious capital commitments, often participate in follow-on rounds, and help in all aspects of further capital raising efforts.

Investment focus

AgTech, Drones, Medical
Seed, Series A
Egypt, Kenya, Hong Kong

Portfolio highlights

Rology — AI-assisted On-demand Teleradiology Platform
Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.
Insight Robotics — Insight Robotics is a forestry-focused risk management company, empowering forest owners to proactively mitigate threats by making sense of data.

P1 Ventures works as a venture capital firm. They specialize in early-stage industrial technology firms in Africa.

Investment focus

Financial Services, Payments, FinTech
Seed, Series B, Pre-Seed
Egypt, Kenya, Nigeria

Portfolio highlights

Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
Nkoloso — Nkoloso AI monitors Africa's natural resources 10x faster using AI and Robotics.
Kotani Pay — Kotani Pay is a technology stack that enables blockchain protocols, dapps, and blockchain fintech companies to integrate seamlessly to local payment channels providing them with a reliable on ramp and off ramp service to reach a wider customer base in Africa.

Continent Venture Partners operates as a venture capital firm.

Investment focus

Supply Chain Management, Financial Services, Transportation
Seed, Pre-Seed
Nigeria, Kenya, United States

Portfolio highlights

MVX — MVX is a freight forwarding business and logistics platform that offers freight financing, tracking, and shipping services to help trade.
MoneyHash — MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.
Mvxchange — MVX makes freight shipping easier and more coordinated for companies of any size by bringing the whole booking and deployment process online. We simplify Africa’s end-to-end import and export trade transactions by aggregating and organizing 7+ services through 1 digital channel.

TrustGro is a non-deposit taking microfinance company incorporated in Kenya. We provide government payroll loans, private company payroll loans, vehicle logbook loans, asset finance loans and salary advance loans.

Investment focus

InsurTech, Insurance
Seed
Kenya

Portfolio highlights

mTek — Manage your insurance digitally by purchasing affordable covers online, comparing quotes from your favorite insurers and settling claims through mTek

Accion Venture Lab is a leading early-stage investor in inclusive fintech, providing seed-first capital and strategic support to innovative startups that are meeting the financial needs of underserved people globally. Our global portfolio and local approach enable us to spot and respond to global trends faster, sharing learnings across geographies. Accion Venture Lab is an investment strategy of Accion and is managed by Accion Impact Management.

Investment focus

Financial Services, FinTech, Finance
Seed, Series A, Funding Round
India, United States, Mexico

Portfolio highlights

Semaai — Full-stack agri-tech solution for Indonesian farmers
AquaExchange — AquaExchange is a technology platform for shrimp and fish farmers.
Cashinvoice — Cashinvoice connects supply chain stakeholders and digitises invoice-to-cash processes to unlock working capital trapped within supply chains and accelerate business growth

Acuity Ventures is a Silicon Valley-based family of venture capital funds that provide investment capital and strategic guidance to early stage and emerging growth companies. The Fund currently investing is Acuity Ventures III LP, formed in 2004. Acuity provides capital through convertible preferred debt, direct equity investments and otherinvestment participations.