Top 10 Medical Startup Investors in Kenya (June 2026)

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

Investment focus

Industry: Financial Services, Energy, FinTech
Stage:Debt Financing, Series B
Geography: Kenya, India, South Africa

Investor stats

Total investments: 66
Round size: Series B $5M–$41M; Debt Financing $2.7M–$99M
Lead/follow: 50% lead, 50% follow

Portfolio highlights

Amartha — Amartha Mikro Fintech - P2P Lending Indonesia. Alternatif investasi dengan modal terjangkau mulai 100Rb. Tedaftar OJK, Imbal hasil 15%* & Berdampak Sosial.
Mobisol — We transform lives through solar energy access. Our solar home systems and mini-grids benefit millions of people in Sub-Saharan Africa.
IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.

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A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

Investment focus

Industry: Financial Services, Finance, FinTech
Stage:Debt Financing, Series B
Geography: India, Brazil, United States

Investor stats

Total investments: 419
Round size: Series B $6M–$47M; Debt Financing $20M–$333M
Lead/follow: 57% lead, 43% follow

Portfolio highlights

Sayurbox — Sayurbox memanen dan mengantarkan Sayuran dan Buah Organik Segar tanpa pestisida dari petani lokal secara online. Mulai dari kacang panjang, buncis, tomat, caisim, dll.
TerraPay — TerraPay, a mobile-first international payment network, has been founded with the vision to send money to any mobile. TerraPay interconnects financial services providers -- mobile wallet service providers, money transfer operators, banks and payment platforms – to create a “one network” for secure and seamless transnational movement of funds. Thenetwork facilitates a broad transaction set including interpersonal transfers, e-payments and government disbursements.TerraPay is platform agnostic and supports standard open APIs for integration with any mobile wallet provider. Through a single connection, partners gain access to a global payment network enabling rapid services up-scaling whilst minimizing Opex and Capex investments. As a fully regulated financial intermediary services network, TerraPay offers services beyond principal core transaction, routing and processing functions and assumes end-to-end responsibility for, regulatory compliance foreign exchange management and funds settlement.
Airtel Africa — Airtel Africa plc is a British company that provides telecommunications and mobile money services in 14 countries in Africa, primarily in East, Central and West Africa.

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Building and scaling African tech startups with catalytic capital, value-add support and our global network.

Investment focus

Industry: Health Care, Information Technology, FinTech
Stage:Seed, Pre-Seed
Geography: Kenya, Nigeria, South Africa

Investor stats

Total investments: 107
Round size: Seed $40k–$4M; Pre-Seed $40k–$1.3M
Lead/follow: 36% lead, 64% follow

Portfolio highlights

mTek — mTek is a digital online insurance platform that provides an entirely paperless ecosystem for the insurance industry.
REasy — Top up locally, pay suppliers globally, and manage international shipments with REasy. Fast, secure, and designed for African businesses expanding worldwide.
Konnect — Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.

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The distribution of a car engine corresponds to the mechanisms that ensure the intake of the air-fuel mixture and the exhaust of the burning of gases with the valves.

Investment focus

Industry: AgTech, Agriculture, Health Care
Stage:Series A, Series C
Geography: India, Belgium

Investor stats

Total investments: 3
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Hewatele — Hewatele is a social enterprise that provides affordable quality medical oxygen to all needy patients together with its affiliates CPHD and Mediquip Global.
Univercells — We are biotech innovators, rooted in Belgium, driven by one purpose: To transform how biotech drugs are made so everyone, everywhere, can get them.
Siddhivinayak Agri Processing — SVAgri produces high quality early generation potato seeds through aeroponics. We also provide supply chain service for potato processors like chips and french fries manufacturers. SVAgri also has an engineering division which supplies technology solutions for snack manufacturing and starch recovery

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AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia.Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on North Africa and Sub-Saharan Africa, and employs 66 professionals based inseven offices.AfricInvest manages USD1 billion across 16 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe.Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region.Since 1994, AfricInvest has invested in 135 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

Investment focus

Industry: Financial Services, Manufacturing, FinTech
Stage:Private Equity, Series A
Geography: Tunisia, Kenya, Morocco

Investor stats

Total investments: 102
Round size: Series A $7M–$65M; Private Equity $6.5M–$21M
Lead/follow: 64% lead, 36% follow

Portfolio highlights

ArabyAds — ArabyAds offers a suite of enterprise-level B2B ecommerce automation platforms that deliver the most promising, responsive and performance-oriented digital advertising technologies.
Aerobotics — Powerful insights for precision growing and crop insurance
Lapaire — Get the best affordable eyeglasses in Africa with Lapaire. Book your free vision test today at our locations across Benin, Ivory Coast, Togo, Burkina Faso, Mali, Kenya & Uganda. Quality glasses, professional optometrists, unbeatable prices.

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Adanian Labs Africa, is a venture building studio with a mission to build tech powered impact driven startups across Africa. We are a smart tech hub powered by smart technologies like blockchain and AI to ensure that the solutions built are scalable and sustainable. www.adanianlabs.io

Investment focus

Industry: FinTech, Financial Services
Stage:Seed
Geography: Kenya

Investor stats

Total investments: 2
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Paylend — Access goods and services on credit
Jungopharm — Jungopharm is a developer of a pharma and healthcare platform that aims to make health care understandable, accessible & affordable for all.

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MaC Venture Capital is an early-stage venture capital firm focused on finding ideas, technology, and products that can become infectious. The firm invests in technology companies that benefit from shifts in cultural trends and behaviors in an increasingly diverse global marketplace.MaC VC is the result of the merger between successful LosAngeles and Bay Area-based Seed funds, Cross Culture Ventures, and M Ventures.

Investment focus

Industry: Software, Artificial Intelligence, Information Technology
Stage:Seed, Series A, Pre-Seed
Geography: United States, Nigeria, Kenya

Investor stats

Total investments: 240
Round size: Seed $2M–$8.8M; Pre-Seed $770k–$4.3M; Series A $6M–$40M
Lead/follow: 38% lead, 62% follow
Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

Shekel Mobility — B2B marketplace for auto dealers to grow their dealerships leveraging on flexible inventory financing and management solutions. Available on web and mobile.
Thrive Market — High quality organic groceries, delivered to you! Great prices on healthy products and diet-friendly foods from the best brands. Most orders ship free!
Cambium — Saving wood to save the planet. By revolutionizing supply chains, we introduce the world's first carbon smart material.

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UBS Optimus Foundation is a non profit organisation it deliver breakthrough solutions to pressing social and environmental issues.

Investment focus

Industry: Software, Education, E-Learning
Stage:Seed, Series A
Geography: India, Germany

Investor stats

Total investments: 5
Round size: Series A $4M–$6.9M
Lead/follow: 80% lead, 20% follow

Portfolio highlights

Hewatele — Hewatele is a social enterprise that provides affordable quality medical oxygen to all needy patients together with its affiliates CPHD and Mediquip Global.
Karma Healthcare — Karman Healthcare are see a world where everyone has an opportunity and means to access equitable and affordable healthcare.
Kreedo Early Childhood Solutions — Kreedo Preschool Non-Franchise Solution | education development partner that helps create your preschool brand | Promotes with strong ROI.

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Learn how we find, fund and support high-impact innovations

Investment focus

Industry: Health Care, Medical Device, Biotechnology
Stage:Grant, Seed, Debt Financing
Geography: Canada, United States, Australia

Investor stats

Total investments: 12
Round size: Grant $100k–$3.3M; Debt Financing $731k–$2M
Lead/follow: 50% lead, 50% follow

Portfolio highlights

Hewatele — Hewatele is a social enterprise that provides affordable quality medical oxygen to all needy patients together with its affiliates CPHD and Mediquip Global.
LegWorks — LegWorks Knees are high-functioning, waterproof, and stable prosthetic devices that fulfill the security needs of low mobility users while still meeting the rugged demands of a highly active amputee.
Nivi — Nivi is the best digital health chatbot built for whatsapp and rooted in behavioral science. Nivi enables users to take charge of their own health and works with private and public agencies to driver better public health outcomes.

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