# AAIC Investment

> AAIC Investment is a VC fund in Singapore backing Health Care and Medical. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Singapore, Singapore
- Total investments: 25
- Last investment: May 2026
- Lead investor: 20%
- Last fund: Jan 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/asiaafricainvestment&consulting/
- X (Twitter): https://twitter.com/AaicInvestment
- Website: http://www.aaicinvestment.com
- Facebook: https://www.facebook.com/pages/category/Company/Asia-Africa-Investment-Consulting-pte-ltd-469158927226425/

AAIC Investment is a VC fund in Singapore focused on Health Care and Medical. AAIC aims to invest in fast growing companies within the Healthcare sector in Africa. The focus will be to provide growth capital as well as long term value to assist companies in improving their performance and expansion.

## Contacts

5 contacts available for AAIC Investment. Shizune tracks 2 team members at AAIC Investment. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/asia-africa-investment-consulting?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $450k–$11M |
| Series A | $3M–$51M |
| Series B | $16M–$40M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 11 | 44% |
| Medical | 6 | 24% |
| E-Commerce | 4 | 16% |
| Apps | 3 | 12% |
| Hospital | 3 | 12% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 8 | 32% |
| Seed | 7 | 28% |
| Series B | 4 | 16% |
| Funding Round | 3 | 12% |
| Series C | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Kenya | 6 | 24% |
| Egypt | 4 | 16% |
| Nigeria | 3 | 12% |
| Japan | 2 | 8% |
| United States | 2 | 8% |

8 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Shigeru Handa | Director | 4 | https://shizune.co/investors/profile/shigeru-handa |
| Susumu Tsubaki | Chief Executive Officer & Director | 0 | https://shizune.co/investors/profile/susumu-tsubaki |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aumet | Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests. | $12M | Series A | May 13, 2026 |  |
| Chowdeck | Chowdeck is a food delivery service and marketplace to buy meals from a wide range of restaurants. | $15.4M | Series A | Aug 11, 2025 |  |
| Mydawa | MYDAWA is a new and innovative service that allows anyone buy wide range of high quality medication and wellness products affordably and conveniently from your mobile phone. |  | Venture - Series Unknown | Apr 30, 2025 |  |
| Ilara Health | Ilara Health brings accurate and affordable diagnostics to rural Africans through miniature, AI-powered diagnostic devices that are integrated via a proprietary technology platform and distributed directly to primary care doctors. | $2.5M | Seed | Feb 12, 2024 |  |
| Lapaire | Lapaire Glasses uses innovative technology to provide free vision tests and affordable eyewear options to the lower and middle income African population. They target the 550 million Africans who need eyeglasses, but are not aware, or cannot afford them. With services such as Lapaire Glasses provides accommodating service such as 24/7 chatonline, mobile clinics offering free vision test, online shop, free delivery and flexible payments aimed to drastically improve the lives of their clients. Lapaire serves customers in Kenya, Uganda, Ivory Coast, Burkina Faso and Mali. The East African headquarters is located in Nairobi, Kenya, and West African headquarters located in Abidjan, Ivory Coast. | $3M | Venture - Series Unknown | Jan 10, 2024 |  |
| Waspito | Waspito is a healthcare platform and app that offers services like online consultation, medicine delivery, specialist doctors, and others. | $2.5M | Seed | Nov 22, 2023 |  |
| Zanifu | Zanifu is a financial technology company, that enables MSME's in the African FMCG supply chain get access to working capital. | $11.1M | Seed | Aug 21, 2023 |  |
| Waspito | Waspito is a healthcare platform and app that offers services like online consultation, medicine delivery, specialist doctors, and others. | $2.7M | Seed | Mar 28, 2023 |  |
| Credable | Credable is a platform that provides digital banking and financial services to businesses across emerging markets. Their financial services, including credit, savings, and payment products, are on our B2B2C digital infrastructure. They also provide solutions while using our digital banking platform. | $2.5M | Seed | Mar 20, 2023 |  |
| Aumet | Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests. | $7M | Seed | Mar 16, 2023 |  |

10 of 25 investments shown.

## Co-investors
- [Launch Africa](https://shizune.co/investors/profile/launch-africa) — VC Fund, 3 deals together
- [Africa Venture Labs](https://shizune.co/investors/profile/africa-venture-labs) — VC Fund, 2 deals together
- [Beyond Capital Ventures](https://shizune.co/investors/profile/beyond-capital-ventures) — VC Fund, 2 deals together
- [Cigalah Group](https://shizune.co/investors/profile/cigalah-group) — VC Fund, 2 deals together
- [Health54](https://shizune.co/investors/profile/health54) — VC Fund, 2 deals together
- [HIMAngel](https://shizune.co/investors/profile/himangel) — VC Fund, 2 deals together

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## FAQ

### What does AAIC Investment invest in?

AAIC Investment invests primarily in Health Care, Medical and E-Commerce startups, most often at Series A and Seed stage. Most of the 25 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is AAIC Investment's check size?

AAIC Investment typically joins rounds of $450k–$11M at Seed, $3M–$51M at Series A and $16M–$40M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds AAIC Investment participates in.

### How do I contact AAIC Investment?

Public channels for AAIC Investment include LinkedIn, X (Twitter) 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 AAIC Investment?

The team at AAIC Investment includes Shigeru Handa (Director) and Susumu Tsubaki (Chief Executive Officer & Director). 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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