# Ascent Capital Africa Ltd

> Ascent Capital Africa Ltd is a VC fund backing Health Care and Hospital. See 4 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Location: Addis Ababa, Ethiopia
- Total investments: 4
- Last investment: May 2024
- Lead investor: 75%
- Fund size: $120M
- Last fund: May 2021
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/ascent-africa/
- Website: http://ascent-africa.com/

Ascent Capital Africa Ltd is a VC fund in Addis Ababa focused on Health Care and Hospital. Ascent Capital Africa Ltd is invest in entrepreneurs and enterprises with a proven track record.

## Contacts

5 contacts available for Ascent Capital Africa Ltd. Shizune tracks 1 team members at Ascent Capital Africa Ltd. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ascent-capital-africa-ltd?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Venture - Series Unknown | $2.5M–$2.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 2 | 50% |
| Hospital | 1 | 25% |
| Construction | 1 | 25% |
| Manufacturing | 1 | 25% |
| Pharmaceutical | 1 | 25% |

8 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Kenya | 2 | 50% |
| Ethiopia | 2 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Lucas Kranck | Founding Partner | 0 | https://shizune.co/investors/profile/lucas-kranck |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dune Packaging | 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 | https://www.dunepackaging.com |
| Kisumu Concrete Products | 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 | https://x.com/ksmconcrete |
| International Clinical Laboratories | 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 | https://x.com/icl_addis |
| Medpharm Holdings Africa | Medpharm Holdings Africa is a provider of laboratory services in Ethiopia. | $2.5M | Venture - Series Unknown | Feb 01, 2015 |  |

4 of 4 investments shown.

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## Featured in investor lists
- [Health Care Investors in Ethiopia](https://shizune.co/investors/health-care-investors-ethiopia)
- [Health Care VC Funds in Ethiopia](https://shizune.co/investors/health-care-vc-funds-ethiopia)

## FAQ

### What does Ascent Capital Africa Ltd invest in?

Ascent Capital Africa Ltd invests primarily in Health Care, Hospital and Construction startups, most often at Venture - Series Unknown stage. Most of the 4 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ascent Capital Africa Ltd's check size?

Ascent Capital Africa Ltd typically joins rounds of $2.5M–$2.5M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ascent Capital Africa Ltd participates 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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