Ascent Capital Africa Ltd
VC Fund
Addis Ababa, Ethiopia
Ascent Capital Africa Ltd is a VC fund in Addis Ababa focused on Health Care and Mobile. Ascent Capital Africa Ltd is invest in entrepreneurs and enterprises with a proven track record.
- Total investments:
- 6
- Last investment:
- Lead investor:
- 67%
- Fund size:
- $120M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Ascent Capital Africa Ltd invests in
Stages Ascent Capital Africa Ltd invests in
Countries Ascent Capital Africa Ltd invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Venture - Series Unknown
- $2.5M–$2.5M
Investment Focus
Industry
- Health Care 2 (33%)
- Mobile 1 (17%)
- Consumer 1 (17%)
- Hospital 1 (17%)
- Construction 1 (17%)
Country
- Kenya 2 (33%)
- Uganda 2 (33%)
- Ethiopia 2 (33%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Lucas Kranck
Founding Partner
|
Founding Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Dune Packaging specializes in paper packaging for various goods including flour, sugar, baking powder, and tea sacks. It is an environmentally friendly paper bag producer. | Venture - Series Unknown / May 03, 2024 | ||
| Kisumu Concrete Products is largest supplier of construction aggregates and the pargest producer of concrete products in Western Kenya. | Venture - Series Unknown / Mar 16, 2017 | ||
| African Queen is a privately owned Ugandan company specializing in importing, distributing and marketing high quality products including hair care, personal care, home care and foods. | Venture - Series Unknown / Dec 01, 2015 | ||
| Chims was founded in 2003 as MTN franchise, and when mobile money was introduced in Uganda in 2009 Chims was one of the first companies that became active in this segment.The company now operates as an independent agent to the largest mobile money network in Uganda (MTN) and targets to further grow the number of agents in Uganda over the nextyears.Chims has second to none operational float management capabilities to execute more and higher volume cash-in and cash-out than other mobile money agents; many competitors don’t have sufficient working capital available to serve customers.CHIMS has many Mobile money outlets which are open 24/7 from Monday to Sunday. We have outlets in a number of places for example; Nateete, Kajjansi, Makindye, Ntinda, Bugolobi, Airport, Entebbe and Upcountry; Busia, Lira, Soroti, Kabale, Ntungamo, Mbarara, Gulu, among others. We make sure that float and other MTN services are available for our customers whenever they are needed.Find our head office at Block 18, Plot 764 Batuma House, Nalukolongo – Nateete, Masaka Road. | Venture - Series Unknown / Sep 21, 2015 | ||
| ICL offers world-class laboratory services in Africa’s second most populous country, Ethiopia. ICL is the leading provider of laboratory services in Ethiopia with 6 locations in Addis Ababa and 7 branches across the country. ICL is the only laboratory in Africa to be accredited by the Joint Commission and certified by the Center for Disease Controland Prevention and the College of American Pathologists (CAP), while also being the exclusive referral partner for both Bioscentia and LabCorp.The Fund acquired a stake in ICL in the beginning of 2015. Since the investment, the Fund has e.g. supported ICL in implementing an ERP system and in opening one of Africa’s most advanced pathology department. Going forward the target is to develop ICL into a leading regional player and thus further improve the healthcare environment in Africa. | $2.5M / Venture - Series Unknown / Feb 11, 2015 | ||
|
Medpharm Holdings Africa
|
Medpharm Holdings Africa is a provider of laboratory services in Ethiopia. | $2.5M / Venture - Series Unknown / Feb 01, 2015 |
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FAQ
What does Ascent Capital Africa Ltd invest in?
Ascent Capital Africa Ltd invests primarily in Health Care, Mobile and Consumer startups, most often at Venture - Series Unknown stage. Most of the 6 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Ascent Capital Africa Ltd invest in?
Ascent Capital Africa Ltd typically joins rounds of $2.5M–$2.5M at Venture - Series Unknown. These are whole funding-round sizes, not Ascent Capital Africa Ltd's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Ascent Capital Africa Ltd took part in.
How do I contact Ascent Capital Africa Ltd?
Public channels for Ascent Capital Africa Ltd include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Ascent Capital Africa Ltd?
The team at Ascent Capital Africa Ltd includes Lucas Kranck (Founding Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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