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Top 50 Software Startup Investors in Kenya (June 2026)

The most active venture capital funds and angel investors investing in Kenya Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Kenya Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
iHub
VC Fund
8 Kenya, South Africa Seed Education, E-Learning, EdTech
54 Collective
VC Fund
7 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech $40k–$4M
Musha Ventures
VC Fund
5 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Software, Financial Services, FinTech $125k–$10M
DOB Equity
VC Fund
5 Kenya, Tanzania, Rwanda Private Equity, Seed Food and Beverage, Farming, Agriculture $1M–$4M
U.S. International Development Finance Corp
VC Fund
4 India, United States, Kenya Debt Financing, Post-IPO Debt Financial Services, Finance, Banking $5M–$500M
Novastar Ventures
VC Fund
4 Kenya, Nigeria, United Kingdom Series A, Series B Agriculture, Health Care, Internet $1.7M–$42M
Kepple Africa Ventures
VC Fund
3 Nigeria, Kenya, Egypt Seed, Pre-Seed Financial Services, FinTech, Software $300k–$4.5M
QuantumSavanna VC
VC Fund
3 Kenya Seed, Pre-Seed Machine Learning, Artificial Intelligence, Analytics $200k–$300k
Chandaria Capital
VC Fund
3 Kenya, United States, Nigeria Seed, Series A, Pre-Seed E-Commerce, Retail, FinTech $250k–$37M
P1 Ventures
VC Fund
3 Egypt, Kenya, United States Seed, Pre-Seed, Series B Financial Services, Software, Payments $400k–$40M
Launch Africa
VC Fund
3 Nigeria, South Africa, United States Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$4M
Safaricom
VC Fund
3 Kenya Seed, Series A, Series B Software, Information Technology, Apps
Savannah Fund
VC Fund
3 Kenya, United States, South Africa Seed, Series A, Pre-Seed E-Commerce, FinTech, Software $25k–$8M
MaC Venture Capital
VC Fund
3 United States, Nigeria, Kenya Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $770k–$40M
Social Capital
VC Fund
3 United States, Canada, India Seed, Series A, Series B Software, FinTech, SaaS $1M–$45M
Accion Ventures
VC Fund
3 India, United States, Mexico Seed, Series A, Series B Financial Services, FinTech, Finance $500k–$33M
Betatron Venture Group
VC Fund
3 Hong Kong, Singapore, India Seed, Series A, Pre-Seed Information Technology, Software, E-Commerce $30k–$11M
GreenTec Capital Partners
VC Fund
3 Kenya, Nigeria, Morocco Seed, Pre-Seed Information Technology, Retail, Computer $50k–$1M
Kua Ventures
VC Fund
3 Kenya Pre-Seed EdTech, Training, E-Learning
TLcom Capital Partners
VC Fund
3 Nigeria, United States, United Kingdom Series A, Seed Software, Mobile, Information Technology $1.9M–$13M
Antler
VC Fund
3 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $104k–$29M
Acumen
VC Fund
2 United States, India, Kenya Seed, Series A Health Care, Agriculture, Financial Services
Golden Palm Investments
VC Fund
2 Nigeria, Egypt, Kenya Seed, Series A, Pre-Seed Information Technology, FinTech, Payments $30k–$15M
Mercy Corps Ventures
VC Fund
2 Kenya, United States, Nigeria Seed, Pre-Seed, Series A Financial Services, FinTech, Agriculture $100k–$35M
Interswitch
VC Fund
2 Nigeria, Kenya, United States Seed, Series A Logistics, Transportation, Apps $1.5M–$2.6M
Chapel Hill Denham
VC Fund
2 Kenya Seed Apps, Logistics, Supply Chain Management $1.5M–$1.5M
AAIC Investment
VC Fund
2 Kenya, Egypt, Nigeria Series A, Seed, Series B Health Care, Medical, E-Commerce $450k–$794M
Saviu Ventures
VC Fund
2 Côte d'Ivoire, Kenya, France Seed, Pre-Seed, Series A FinTech, E-Commerce, Financial Services $165k–$5M
Acadian Ventures
VC Fund
2 United States, France, Germany Seed, Series A, Pre-Seed Software, Human Resources, SaaS $1M–$25M
Sherpa Africa Partners
VC Fund
2 Kenya, Nigeria, South Africa Pre-Seed, Seed Financial Services, Finance, FinTech $50k–$6M
Kapor Capital
VC Fund
2 United States, Kenya, Japan Seed, Series A, Series B Education, Software, Health Care $1M–$50M
Finnfund
VC Fund
2 Kenya, India, South Africa Debt Financing, Series B Financial Services, Energy, FinTech $2.7M–$135M
HAVAÍC
VC Fund
2 South Africa, United States, Kenya Seed, Series A Software, Health Care, FinTech $57k–$15M
Invested Development
VC Fund
2 Kenya, India, United States Seed, Convertible Note Software, Analytics, SaaS $520k–$1.2M
Peter Sandberg
Angel
2 Denmark, Kenya, Estonia Angel, Pre-Seed, Secondary Market Internet, SaaS, FinTech $150k–$212k
Soma Capital
VC Fund
2 United States, India, Mexico Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $200k–$40M
Rus Newton
Angel
2 Kenya, Canada, United Kingdom Seed, Pre-Seed IaaS, SaaS, Mining $285k–$1.5M
VilCap Investments
VC Fund
2 United States, India, Kenya Seed, Series A Financial Services, Health Care, FinTech $50k–$6M
Investisseurs & Partenaires
VC Fund
2 France, Senegal, Côte d'Ivoire Seed, Series A Financial Services, Health Care, Food and Beverage
Renew Capital
VC Fund
2 Uganda, Kenya, Ethiopia Pre-Seed, Seed Mobile Apps, Financial Services, Finance
International Finance Corporation
VC Fund
2 India, Brazil, United States Debt Financing, Series B Financial Services, Finance, FinTech
British International Investment
VC Fund
2 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance
Exfi
VC Fund
1 Kenya Seed Apps, Logistics, Supply Chain Management
Norrsken22
VC Fund
1 South Africa, Egypt, Nigeria Series B, Series C, Pre-Seed Financial Services, Banking, B2B
Africa's Talking
VC Fund
1 Kenya Seed Cloud Computing, Cloud Management, Cloud Data Services
Jigsaw VC
VC Fund
1 United Kingdom, India, Kenya Series A, Seed, Pre-Seed Financial Services, FinTech, Software
Untapped Global
VC Fund
1 South Africa, Kenya Seed FinTech, Consumer Goods, Financial Services
Verod-Kepple Africa Ventures
VC Fund
1 Nigeria, Egypt, South Africa Seed Retail, Internet, Payments
Verdant Frontiers
VC Fund
1 Kenya, Italy, Ethiopia Seed, Pre-Seed Travel, FinTech, Finance
Melvyn Lubega
Angel
1 Kenya Seed E-Learning, Information Technology
Access all 103 investors in Kenya Software startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

iHub
VC Fund · Nairobi, Nairobi Area, Kenya · 8 investments in Kenya Software startups

iHub is a globally recognized organization that is deeply steeped in the local tech innovation culture. It is fair to say that the iHub has been both the main catalyst for regional tech acceleration and a role model for tech hubs across emerging markets. We are nurturing the best innovation and entrepreneurship ecosystem; one that constantlychallenges and influences technology; one that can be replicated across the continent, as we believe that African innovation will play a critical role in shaping future technology globally.

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Investment focus

  • Industry: Education, E-Learning, EdTech
  • Stage:Seed
  • Geography: Kenya, South Africa

Investor stats

  • Total investments: 11
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SILABU — Silabu is a platform that links students with skilled teachers to help them achieve their learning objectives, offering an alternative to traditional education.
  • ntemata — ntemata an Edtech platform that allows you to automate teacher assessment processes and analyze competence-based learning holistically.
  • LoHo Learning — Loho Learning is an e-Learning platform that provides customized and interactive education to the schooling generation in a variety of digital formats.
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54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 7 investments in Kenya Software startups

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

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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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Musha Ventures
VC Fund · New York, New York, United States · 5 investments in Kenya Software startups

Seed capital for technology startups globally.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 140
  • Round size: Seed $125k–$4.9M; Pre-Seed $300k–$3.2M; Series A $2.5M–$10M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • nGrow.ai — Boost revenue and engagement
  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • Orca Fraud — Orca empowers fraud fighters with effective tools to combat fraud
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DOB Equity
VC Fund · Veessen, Gelderland, The Netherlands · 5 investments in Kenya Software startups

DOB Equity is a private equity firm specializing in growth capital and buy-and-build strategies in small and medium companies.

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Investment focus

  • Industry: Food and Beverage, Farming, Agriculture
  • Stage:Private Equity, Seed
  • Geography: Kenya, Tanzania, Rwanda

Investor stats

  • Total investments: 50
  • Round size: Seed $1M–$4M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • MazaoHub — MazaoHub is a AI-powered end-to-end farm management company.
  • FarmWorks — FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
  • Spouts of Water — SPOUTS mission is to manufacture and distribute ceramic water filters to provide everyone in Uganda with safe water.
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 4 investments in Kenya Software startups

U.S. International Development Finance Corp is America’s development bank.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 95
  • Round size: Post-IPO Debt $33M–$500M; Debt Financing $5M–$468M
  • Lead/follow: 74% lead, 26% follow
  • Last fund: Likely still investing — raised $300M in 2024

Portfolio highlights

  • Kodak — A global technology company providing industry-leading products and services for commercial print, packaging, publishing, manufacturing and entertainment.
  • Bayport Management — Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.
  • Freshtohome — Freshtohome is an online grocery store that sells a range of seafood and meat to its users.The website’s range of products include fish, poultry, mutton, steaks, and fillet. Fish consists of shell, freshwater, and marine. Furthermore, it enables suppliers to supply their seafood and meat to the website.Freshtohome was launched in 2015 by ShanKadavil and is based in Bangalore.
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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 4 investments in Kenya Software startups

For the many, not just the few. For good.

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Investment focus

  • Industry: Agriculture, Health Care, Internet
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, United Kingdom

Investor stats

  • Total investments: 64
  • Round size: Series A $1.7M–$15M; Series B $3.5M–$42M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $108M in 2020

Portfolio highlights

  • Soko — SOKO produces innovative, ethical jewelry and accessories from sustainable materials in Nairobi, Kenya
  • Ignitia — Ignitia provides hyper-local weather updates, via SMS, based on GPS location. Since our commercial launch in 2015, we have established partnerships to work with small-scale farmers. We send daily, monthly and seasonal rain forecasts to help farmers avoid adverse impacts of an ever-changing climate.Unlike other regions, rain in the tropics isproduced by small-scale systems where convection is a driving force. These convection forces can appear much more quickly and without seemingly any notice to the untrained eye. Ignitia's technology is specifically designed to predict this kind of weather.
  • Moniepoint — Moniepoint provides an all-in-one payments, banking and operations platform for businesses and their customers.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Kenya Software startups

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 77
  • Round size: Seed $500k–$4.5M; Pre-Seed $300k–$3.4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Paps — Paps is a transport and logistics company that offers innovative distribution and delivery solutions to companies and merchants.The company's e-commerce platform helps companies and traders with scheduling and tracking deliveries on a real-time basis. It offers the distribution of documents and parcels, storage of goods in a secure warehousethat meets standards, and delivery of insured parcels in relay point or last mile. It also provides professional services such as management and repayment of cash on delivery, provision of couriers, management of returns, collection, and periodic reporting.The Dakar, Dakar, Senegal-based company was founded in 2016
  • 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.
  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
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QuantumSavanna VC
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Kenya Software startups

QuantumSavanna VC is an Africa-first venture capital firm investing in GPU-native deeptech startups addressing infrastructure-scale challenges across energy systems, climate modeling, industrial digital twins, advanced agriculture, and AI infrastructure. The firm focuses on accelerated computing platforms, physics-informed machine learning, andedge-to-cluster AI architectures that deliver measurable performance advantages in real-world infrastructure environments. QuantumSavanna backs technical founders building defensible, compute-intensive systems companies designed for emerging markets and globally scalable deployment across LATAM, Southeast Asia, and the Middle East. The fund invests from Pre-Seed to Series A and partners closely with teams on architecture strategy, infrastructure deployment pathways, and institutional fundraising readiness.

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence, Analytics
  • Stage:Seed, Pre-Seed
  • Geography: Kenya

Investor stats

  • Total investments: 3
  • Round size: Seed $200k–$300k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • BreathIQ — BreathIQ is an indoor air intelligence company transforming how homes monitor and manage air quality. Using advanced multi-sensor monitoring and GPU-accelerated edge AI, BreathIQ detects, classifies, and predicts airborne health risks in real time. Our platform continuously analyzes particulates, VOCs, CO₂ levels, humidity, temperature, and airflowdynamics to identify harmful air events and forecast short-term risk. BreathIQ integrates with HVAC and smart-home systems to automatically optimize ventilation and filtration, creating healthier living environments. Unlike traditional air sensors or standalone purifiers, BreathIQ delivers predictive intelligence rather than reactive monitoring. Our GPU-native architecture enables real-time inference, multi-sensor fusion, and continuous model improvement through cloud learning. BreathIQ operates at the intersection of consumer health, smart home automation, and artificial intelligence, addressing a growing global demand for healthier indoor environments.
  • FlockVoice — FlockVoice is an AI-powered poultry health intelligence platform that detects respiratory diseases 3–5 days before visible symptoms by analyzing chicken vocal patterns in real time. The company uses GPU-accelerated acoustic AI to reduce mortality, improve farm profitability, and enable predictive biosecurity.
  • MetraEstate — MentraEstate is an AI-driven real estate intelligence platform designed to optimize property investment, valuation, and development decisions across emerging markets. The platform leverages machine learning, predictive analytics, and infrastructure-scale data modeling to provide investors, developers, and financial institutions with actionableinsights for portfolio optimization and risk management. MentraEstate focuses on emerging urban markets where data fragmentation limits investment efficiency, delivering structured intelligence tools that enhance transparency, forecasting accuracy, and capital allocation decisions.
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Chandaria Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Kenya Software startups

KOITOTO merupakan akses login situs toto togel 4D resmi dan link slot gacor terpercaya menyediakan akses super cepat serta permainan terlengkap dengan tingkat kemenangan tinggi setiap hari.

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Investment focus

  • Industry: E-Commerce, Retail, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, Nigeria

Investor stats

  • Total investments: 29
  • Round size: Seed $250k–$6M; Pre-Seed $1M–$3M; Series A $2M–$37M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
  • Savannah Brands — Savannah Brands is a food & beverage company.
  • UTU Technologies — Trust infrastructure for the sharing economy.
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P1 Ventures
VC Fund · San Francisco, California, United States · 3 investments in Kenya Software startups

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

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Investment focus

  • Industry: Financial Services, Software, Payments
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Egypt, Kenya, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $1.3M–$5M; Pre-Seed $400k–$2M; Series B $7.5M–$40M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Salus Cloud — Salus Cloud is an AI-native platform for engineers to develop and manage security.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • Reliance Health — Reliance Health Global. Improve the lives of your staff with innovative company healthcare benefits fit for any business. You can rely on us.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 3 investments in Kenya Software startups

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 162
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.7M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Fixit45 — Fixit45 also provides fleet management, auto parts sourcing and delivery, auto care, refurbishment and upgrades, repair financing, and mechanic workshop software as well as pre-purchase inspections, underlying these with moderation for compliance and accountability.
  • Gigmile — Gigmile provides financial services. They provide gig workers with core services and an affordable lease on productive assets that is tailored to their earnings to enable them to succeed in the mobility industry as entrepreneurs.
  • HomecomingEx — Homecoming Revolution is a pan-African recruitment firm for global African professionals. We specialise in headhunting & placing global African talent.
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Safaricom
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Kenya Software startups

Safaricom is a mobile network operator that offers internet connectivity solutions, information management solutions, voice solutions, and communication solutions. It serves small businesses, medium businesses, and large corporates.The company’s services and offerings include international calls and roaming; data storage, recovery, and backup;online information storage and archiving; mobile banking services; wide area networks, managed Wi-Fi solutions, point-to-point connectivity, 4G connection, and Fiber to Buildings; IT consultancy; virtual collaboration, voice conferencing, and video conferencing; messaging services and voice services; music services; and more.Safaricom was founded in 1997 and is based in Nairobi, Kenya.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Series A, Series B
  • Geography: Kenya

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • mSURVEY — Start your first business web-page in minutes. Easily power online transactions, Buy Ads with your Airtime on Facebook, Instagram, and Google. Get ratings and reviews to build your business credibility, and enlarge your customer base.
  • iProcure — iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-timeagent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.
  • Lynk Jobs — Lynk solves the problems faced by informal workers and the households and businesses seeking their services. Lynk’s digital platform connects informal workers with customers who require services such as housekeeping, plumbing, electrical work and carpentry. Lynk’s systems enable the effective recruitment of workers, smart matching of the workers tojobs and a customer rating system that helps workers to build the skills profile.
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Savannah Fund
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Kenya Software startups

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

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Investment focus

  • Industry: E-Commerce, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, South Africa

Investor stats

  • Total investments: 38
  • Round size: Seed $25k–$3M; Pre-Seed $200k–$2.1M; Series A $750k–$8M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

Portfolio highlights

  • Oze — OZÉ brings African small businesses into the digital era. It is an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business education. If the entrepreneur needs a little extra support, an OZÉ Coach is just a click away. As they are usingOZÉ to manage their business and learn how to run it better, we are learning about them. Using this data and machine learning, we can predict their credit risk and provide them with affordable capital from our banking partners. With over 20,000 registered users, OZÉ is the largest online community of SMEs in Ghana. The most exciting thing is that OZÉ works; 97% of businesses that have used OZE for at least 9 months are growing or profitable or both!
  • Root — Launch digital and embedded insurance solutions with omni-channel distribution.
  • Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.
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MaC Venture Capital
VC Fund · Los Angeles, California, United States · 3 investments in Kenya Software startups

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.

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Investment focus

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

Investor stats

  • Total investments: 247
  • Round size: Seed $2M–$9.1M; 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

  • Finmile — Transform your logistics operations with AI-powered route optimization software. Cut delivery costs by 30%, optimize multi-stop routes instantly, and boost efficiency with real-time tracking. Try Finmile's logistics management platform today!
  • Wonder Dynamics — Wonder Dynamics is utilizing AI to develop cutting-edge technologies, innovate production tools and create original content -- both traditional and interactive.
  • Exponential Markets — Exponential Markets is developing a series of next-generation tradable financial instruments designed to offer new levels of hedging capabilities and risk management for participants in a variety of asset classes. The company's first product, the Exponential Used Vehicle Index (Bloomberg ticker: AUTO), is a first-of-its-kind tradable index forthe automotive sector that allows rental car companies, auto insurers, and auto lessors to hedge used vehicle price risk. The company's product roadmap includes cash-settled index derivatives for new and underserved markets, in addition to exploration of smart market applications.
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Social Capital
VC Fund · Palo Alto, California, United States · 3 investments in Kenya Software startups

At Social Capital, we make big bets on transformational ideas, technology, and people.

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Investment focus

  • Industry: Software, FinTech, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 378
  • Round size: Seed $1M–$6.5M; Series A $3.5M–$15M; Series B $10M–$45M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $600M in 2018

Portfolio highlights

  • mParticle — mParticle by Rokt is the choice for multi-channel consumer brands who want to deliver intelligent and adaptive customer experiences in the moments that matter, across any screen or device.
  • Early is Good — Multi-omic diagnostics that analyze DNA, RNA, and Protein from a single sample for unprecedented cancer clarity.
  • Propeller Health — Propeller Health is a mobile platform that offers sensors, mobile apps, analytics, and services to support respiratory health management. The HIPAA compliant platform stores users’ data in a cloud computing infrastructure.The Propeller sensor and mobile application help users learn more about and better manage their asthma, COPD, andrespiratory disease. The Propeller sensor attaches to users’ inhalers and wirelessly syncs with their smartphones. It tracks their triggers and symptoms and sends personalized feedback and education to their phones based on the symptoms. Users can see how often they use the medication, and set up medication reminders and alerts.Propeller community enables users to share their Propeller data with their physician and family members.Propeller Health is backed by Safeguard Scientifics, The Social+Capital Partnership, California HealthCare Foundation, and other investors.  The platform works with organizations such as Dignity Health, Wyckoff Heights Medical Center, Amerigroup Florida, and the City of Louisville. The system has been featured in The Economist, Washington Post, Fast Company, Wired, and Scientific American.Propeller Health has received TEDMED Innovation Showcase, White House Champion of Change, and Bluetooth Breakthrough Product awards.Propeller Health was launched by David Van Sickle, Greg Tracy, and Mark Gehring and its operations are based in Wisconsin, United States.
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Accion Ventures
VC Fund · Washington, District of Columbia, United States · 3 investments in Kenya Software startups

Accion Ventures is an investment strategy that today pursues early-stage investments as part of Accion Impact Management.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Series B
  • Geography: India, United States, Mexico

Investor stats

  • Total investments: 127
  • Round size: Seed $500k–$6.5M; Series A $2.6M–$33M; Series B $8M–$30M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital 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.
  • Cashinvoice — Cashinvoice connects supply chain stakeholders and digitises invoice-to-cash processes to unlock working capital trapped within supply chains and accelerate business growth
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Betatron Venture Group
VC Fund · Sheung Wan, Hong Kong Island, Hong Kong · 3 investments in Kenya Software startups

Betatron Venture Group is a venture capital firm that invests in early-stage companies.

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Investment focus

  • Industry: Information Technology, Software, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Hong Kong, Singapore, India

Investor stats

  • Total investments: 49
  • Round size: Seed $30k–$1.8M; Pre-Seed $30k–$150k; Series A $2.1M–$11M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $15M in 2022

Portfolio highlights

  • Toku — Toku is a software provider that creates bespoke cloud communications and customer engagement solutions to reimagine customer experiences for enterprises. We offer an end-to-end approach to help businesses overcome the complexity of digital transformation in APAC markets. Enhance your customer experience with our unique blend of local strategic consulting expertise, bespoke technology, regional in-country infrastructure, connectivity, and global reach.
  • ZhenHub — Add Your Tooltip Text Here
  • Bookairfreight — Save more than 20% on international door-to-door shipping. We're a one-stop freight solution for SMEs, ecommerce, and Amazon Merchants. Get a quote now!
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GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 3 investments in Kenya Software startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Information Technology, Retail, Computer
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Nigeria, Morocco

Investor stats

  • Total investments: 24
  • Round size: Pre-Seed $50k–$1M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: May invest from a new fund soon — raised $1.2M in 2017

Portfolio highlights

  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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Kua Ventures
VC Fund · Westlands, Nairobi Area, Kenya · 3 investments in Kenya Software startups

Kua Ventures provides inexpensive finance, mentoring, and community to faith-driven, social entrepreneurs that are creating great employment and changing lives while simultaneously demonstrating Christ's love.

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Investment focus

  • Industry: EdTech, Training, E-Learning
  • Stage:Pre-Seed
  • Geography: Kenya

Investor stats

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

Portfolio highlights

  • Twiva — Twiva is a creator-first, tech-enabled platform that serves as an end-to-end ecosystem. Our purpose is to equip creators with the skills, tools, resources, and access they need to succeed as online entrepreneurs.
  • Zydii — For the African workforce, Zydii is the premier localized digital training solution which is engaging and accessible, leading to transformative growth for businesses. Zydii is providing localized (African) digital courses via our proprietary online and offline (USSD & SMS) platform.
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TLcom Capital Partners
VC Fund · London, England, United Kingdom · 3 investments in Kenya Software startups

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds. TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge. We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Series A, Seed
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 59
  • Round size: Seed $1.9M–$8.5M; Series A $3.8M–$13M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Hub2.Io — Welcome to HUB2, the leading FINTECH startup in interoperability and payment infrastructure in Francophone Africa. We are proud to work with all financial industry players in Africa who need stable and high-performing infrastructure, and contribute to their success.
  • Talstack — Talstack is an all-in-one platform for employee growth and development
  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
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Antler
VC Fund · Singapore, Central Region, Singapore · 3 investments in Kenya Software startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1204
  • Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Sapyen — We take the fear out of infertility for men. Test for it at home, without stepping out to the hospital and get personalised health recommendations to improve sperm health and increase your chances of conceiving.
  • Superflex — Elevate your workflow with Superflex, the ultimate Figma-to-code solution. Our AI instantly converts Figma and Image designs into pixel-perfect, production-ready code that meets your standards and boosts team efficiency.
  • One Key Access — One Key Access is an interface to the world of couriers to enable 24/7 frictionless deliveries.
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Acumen
VC Fund · New York, New York, United States · 2 investments in Kenya Software startups, 7 in the past 12 months

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Health Care, Agriculture, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 144
  • Lead/follow: no public data

Portfolio highlights

  • BioMassters — Biomassers aim to replace charcoal production and charcoal cooking by providing modern, affordable, and low-carbon pellet fuel production and cooking solutions based on locally produced fuel from waste materials.
  • Reema Health — Transforming the way people navigate the gaps between health care and social care. Reema combines a 24/7 AI-based confidant with in-person community guides to help people meet their social needs.
  • Raino Tech4Impact — Raino Tech4Impact is a social enterprise that leverages technology as an enabler to empower African communities. We have been deploying technology-driven solutions in agriculture and health, powered by renewable energy to achieve sustainability.
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Golden Palm Investments
VC Fund · Accra, Greater Accra, Ghana · 2 investments in Kenya Software startups

Golden Palm Investments is an investment holding and advisory company.

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Investment focus

  • Industry: Information Technology, FinTech, Payments
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, Egypt, Kenya

Investor stats

  • Total investments: 56
  • Round size: Seed $1.8M–$6M; Pre-Seed $30k–$6.5M; Series A $2M–$15M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • ILLA — ILLA Trucking for Logistics Solutions & Distribution
  • Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.
  • Jetstream Africa — Jetstream monitors inventory and goods-in-transit for trade creditors and banks.
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Mercy Corps Ventures
VC Fund · Portland, Oregon, United States · 2 investments in Kenya Software startups

Mercy Corps Ventures invests in and catalyzes venture-led solutions to increase the resilience of underserved individuals and communities. Founded in 2015 as the impact investing arm of global development agency, Mercy Corps, supports over 57 early-stage ventures to scale and raise over $515 million in follow-on capital. Their portfolio centersaround resilience-building solutions in adaptive agriculture and food systems, inclusive climate fintech, and climate-smart technologies so that those living in frontier markets can withstand disruption and plan for the future. Through capital and support, piloting new approaches, action-oriented insights, and rigorously managing impact, they catalyze the ecosystem toward smarter, more impactful investments.

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Investment focus

  • Industry: Financial Services, FinTech, Agriculture
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Kenya, United States, Nigeria

Investor stats

  • Total investments: 69
  • Round size: Seed $330k–$5.3M; Pre-Seed $100k–$7M; Series A $2.5M–$35M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Agruppa — Agruppa leverages mobile phone technology to empower small food vendors in low income neighborhoods by providing them with fruits and vegetables at wholesale prices.
  • Meridia — De-risk the sourcing, procurement, trading & compliance of commodities under the EUDR.
  • PowerLabs — PowerLabs is an energy and climate technology research and implementation company whose goal is to use intelligent energy to build a world where human output is boundless.
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Interswitch
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Kenya Software startups

Interswitch is a leading pan-African digital payments and commerce company, enabling secure, reliable transactions across multiple African markets.

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Investment focus

  • Industry: Logistics, Transportation, Apps
  • Stage:Seed, Series A
  • Geography: Nigeria, Kenya, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $1.5M–$2.6M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2015

Portfolio highlights

  • OkHi — Smart addressing for emerging markets. Enabling businesses to collect an accurate address, navigate to it without getting lost and verity it remotely.
  • Shuttlers — Commute better with Shuttlers. Join 100k+ professionals using our safe, affordable bus sharing, vehicle rental, and employee transport services across Nigeria.
  • SlimTrader — SlimTrader is an e-commerce and mobile commerce firm. Its platform, MoBiashara, seeks to relieve the burdens associated with everyday transactions in developing countries by providing the missing link to completting these important activities: easy and affordable access. The company has developed the first platform in Africa that allows consumersto purchase services or shop for goods with their mobile devices.
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Chapel Hill Denham
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Kenya Software startups

Chapel Hill Denham is a leading independent investment banking, securities trading and investment management firm.

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Investment focus

  • Industry: Apps, Logistics, Supply Chain Management
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 2
  • Round size: Seed $1.5M–$1.5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • OkHi — Smart addressing for emerging markets. Enabling businesses to collect an accurate address, navigate to it without getting lost and verity it remotely.
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AAIC Investment
VC Fund · Singapore, Central Region, Singapore · 2 investments in Kenya Software startups

We will continue to invest and support the growth of innovative companies towards sustainable economic growth and solving social issues.

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Investment focus

  • Industry: Health Care, Medical, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Kenya, Egypt, Nigeria

Investor stats

  • Total investments: 25
  • Round size: Seed $450k–$12M; Series A $3M–$794M; Series B $16M–$40M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 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.
  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
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Saviu Ventures
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Kenya Software startups

Saviu is a venture capital fund focusing on African early-stage startups.

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Investment focus

  • Industry: FinTech, E-Commerce, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Côte d'Ivoire, Kenya, France

Investor stats

  • Total investments: 33
  • Round size: Seed $550k–$5M; Pre-Seed $165k–$250k; Series A $2M–$5M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $14M in 2023

Portfolio highlights

  • POZI — POZI app is an innovative tracking and geolocation solution primarily designed for fleet monitoring and management.
  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • Userguest.com — Userguest is a Travel SaaS company that provides technology to hotels in order to improve their online revenue. Our smart tool applies RevMarketing Automation to hotel website, by matching a user’s booking intent with the hotel’s inventory priorities. We display personalized incentives to boost hotel revenue where it counts.
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Acadian Ventures
VC Fund · New York, New York, United States · 2 investments in Kenya Software startups

Acadian Ventures is an early-stage venture capital firm investing in the new architecture of work. Founded in 2019 and led by executives from Cornerstone, SAP SuccessFactors, and Workday, Acadian is the world’s leading firm focused at the intersection of work and technology, on a mission to make work better and meaningful, creating a progressiveapproach to human productivity. For more information, visit acadianventures.com.

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Investment focus

  • Industry: Software, Human Resources, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $2.2M–$10M; Pre-Seed $1M–$4.2M; Series A $5M–$25M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $30M in 2022

Portfolio highlights

  • Colare — Colare is an AI-powered hiring platform that uses real engineering simulations to help hardtech companies assess and hire engineers faster and more accurately.
  • Kombo — One unified API for HRIS, Payroll & ATS
  • Origin — Origin delivers AI-powered global benefits intelligence to streamline HR, optimize spend, ensure compliance, and simplify employee benefits management.
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Sherpa Africa Partners
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Kenya Software startups

A venture fund for pre-seed startups in Africa, led by Startup Operators, backed by Startup Operators.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 16
  • Round size: Seed $300k–$6M; Pre-Seed $50k–$2M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Novek — Novek builds IOT technology to completely eliminate single use plastic from FMCG Supply chains.
  • CashBackApp — An App that offers you Cash Discounts on a wide range of household essentials available at local supermarkets in Kenya.
  • Jackfruit Finance — Fast, flexible school financing in Kenya. Get working capital, projects, and asset loans designed around school fee cycles and growth needs.
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Kapor Capital
VC Fund · Oakland, California, United States · 2 investments in Kenya Software startups

Kapor Capital is an investment firm that invests in early-stage tech-enabled startups. They are an Oakland-based fund that understands that startup companies have the ability to transform entire industries and to address urgent social needs as they do so. It was founded in 1999 and headquartered in Oakland, California.

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Investment focus

  • Industry: Education, Software, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: United States, Kenya, Japan

Investor stats

  • Total investments: 197
  • Round size: Seed $1M–$5.8M; Series A $3M–$20M; Series B $10M–$50M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — raised $126M in 2021

Portfolio highlights

  • EarnUp — EarnUp is a consumer-first fintech platform that intelligently automates loan payments for the more than 200 million Americans with debt. They help you put a few dollars aside for your loans when you can afford it – then they make your loan payments for you, allocating funds in the way that gets you out of debt faster. They are dedicated to givingcontrol back to everyone who is frustrated managing their finances
  • TomoCredit — TomoCredit is building the next generation credit card designed for Millennials with no credit history or credit score by analyzing alternative data sources through its proprietary algorithm. founding team is made up of immigrant founders who all felt the challenge of getting a credit card as foreign nationals. The team is comprised of alum fromCoinbase, The Kenetic Hedge Fund and Google and have attended schools including MIT and UC Berkeley.
  • UniversityNow — UniversityNow is an education and technology start-up based in San Francisco. Its mission is to help ensure that affordable, high-quality post-secondary education is available to people everywhere. To accomplish this, UniversityNow has built the most affordable and accessible accredited online learning platform for Patten University(http://patten.edu).UniversityNow's vision is a world in which no one is deprived of access to quality education — a world in which students can obtain recognized college degrees that improve their futures, without taking on the burden of student debt.
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Kenya Software startups

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.

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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–$135M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • 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.
  • Satya MicroCapital — Satya MicroCapital is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralised approval system.SATYA started its microfinance operations by adopting the “Joint Liability Group (JLG) Model” with adequate use of technology and new adaptations. JLGs of SATYA means implementationsof Joint Liability of group members which exists up to 10 instalments in Bi-Weekly collections. The Company believes in the ideology to bring social touch and high technology in the Indian microfinance industry.The JLG lending operation mainly focuses on a woman (in case of SATYA, her husband acts as co-borrower) through a credit product that allows her to start a new business or enhance her existing business as well. SATYA provides prompt, convenient and affordable collateral-free credit to people at the bottom of the pyramid through a strong credit assessment and centralized approval.The Company started its microfinance operation from Sikandrabad Branch, Bulandshar District of Uttar Pradesh and the first token disbursement was done in November 2016. SATYA utilized demonetization as an opportunity to rework on the business strategy through cashless transactions. SATYA is an institution build with a vision of change, transformation and will be a differentiator in financial inclusion space and its approach is well recognized by industry experts and professionals across different sectors. SATYA is committed to being a socially responsible organization with a focus on Health, Education, Financial Literacy, Nasha-Mukt Samaaj, Gender Equality, and Swachh Bharat. The Company is spreading social awareness messages in its area of operations.
  • Cassava Technologies — Cassava Technologies is an innovative technology company encompassing fiber networks, data centers, renewable energy, cloud & cybersecurity.
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HAVAÍC
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Kenya Software startups

HAVAÍC is an investment and advisory firm that specialises in early-stage, high-growth African businesses with proven concepts and global prospects, offering investment opportunities to sophisticated investors and international venture capital companies with an interest in Africa. As a complementary offering, HAVAÍC provides corporate advisory andcapital raising services to emerging, internationally scalable businesses.

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Investment focus

  • Industry: Software, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: South Africa, United States, Kenya

Investor stats

  • Total investments: 44
  • Round size: Seed $57k–$4M; Series A $1.9M–$15M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • MPost — MPost means Mobile Post office.It enables any mobile phone user to have his or her phone act like a mobile post office. It allows you to make your mobile number be a formal postal address. With it, you get access to Postal Services through your mobile phone.
  • RecoMed — Find the best doctors and dentists. Search by location or by speciality, and find the right doctor for you.
  • AURA — A South African cloud-based security and safety startup .
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Invested Development
VC Fund · Boston, Massachusetts, United States · 2 investments in Kenya Software startups

Invested Development (ID) is an investment management company founded in Boston, MA in 2009 and now based in Atlanta, GA. ID launched the BSP Fund in 2011 which was fully vested across 19 companies in 2020. Exits include: Simpa (India) acquired by Engie (France); OnFarm (US) acquired by SWIIM (US); iHub (Kenya) acquired by ccHub (Nigeria), and GELI(US) acquired by Hanwha Q-Cells (Korea).

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Investment focus

  • Industry: Software, Analytics, SaaS
  • Stage:Seed, Convertible Note
  • Geography: Kenya, India, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $520k–$1.2M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Angani — Angani offers cutting-edge & affordable solutions in cloud infrastructure, backup & disaster recovery, media streaming, cloud PABX and data analytics. Enjoy local support, low latencies, and faster response times.
  • BRCK — BRCK is an integrated hardware and software company based in Nairobi, Kenya that designs and engineers a rugged, self-powered, mobile WiFi device which connects people and things to the internet in areas of the world with poor infrastructure. Our vision is a world connected, where the last-mile of internet connectivity is as seamless for someoneliving in Africa as it is in Europe or the US. Ushahidi is a global organization that empowers people to make serious impact with open source technologies, cross-sector partnerships, and ground-breaking ventures.
  • iProcure — iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-timeagent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.
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Peter Sandberg
Angel · Copenhagen, Hovedstaden, Denmark · 2 investments in Kenya Software startups

Peter Sandberg is a Co-Founder of Nordic Secondary Fund, and a venture partner at Startup Wise Guys. He has extensive experience as a Business Angel, Asset Management and Wealth Management

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Investment focus

  • Industry: Internet, SaaS, FinTech
  • Stage:Angel, Pre-Seed, Secondary Market
  • Geography: Denmark, Kenya, Estonia

Investor stats

  • Total investments: 17
  • Round size: Pre-Seed $150k–$212k
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • TRAPMINE — TRAPMINE Endpoint Protection Platform provides fool-proof defense against malware, exploit attempts, file-less malware, ransomware and other forms of targeted attacks.Unlike traditional detection-based approaches like legacy antivirus, TRAPMINE combines proven and innovative technologies such as deep learning, behavior monitoring, endpointdeception and anti-exploit techniques to block cyber threats dead in their tracks. TRAPMINE's easy-deploy and lightweight solution comes with a comfortable built-in security console, at a price/performance ratio unmatchable even by the biggest names in Palo Alto.Why TRAPMINE?Cyber criminals target companies of all sizes from every industry, seeking anything that might be of value. Antivirus and other traditional security solutions are no longer efficient to protect organizations from attacks by today’s modern cyber threat actors. That’s why we founded TRAPMINE. TRAPMINE is created to solve the malware problem for all organizations at a reasonable price.
  • Colibo A/S — Use Colibo's intranet software as your enterprise collaboration platform to increase productivity, drive employee engagement and better internal communications.
  • November First — November First - Betalingsplatform til alle virksomheder
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Soma Capital
VC Fund · San Francisco, California, United States · 2 investments in Kenya Software startups

Welcome to Soma Capital

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 527
  • Round size: Seed $1.5M–$8M; Pre-Seed $200k–$4M; Series A $7.5M–$40M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Fasset — Fasset is an all-in-one financial super app that allows people and businesses to receive money, invest, earn, and make payments from anywhere in the world.
  • Lenk — Lenk powers the process mortgage origination in Latin America
  • Starcloud — Starcloud is building a network of megawatt-scale data centers in space, scaleable to gigawatt capacity. Falling launch costs allow Starcloud to take advantage of the abundant energy, passive cooling, and high-speed connectivity in space.
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Rus Newton
Angel · 2 investments in Kenya Software startups

Co-Founder of Global Advisors & CoinShares. Previously JP Morgan, Salomon Brothers & Shell International

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Investment focus

  • Industry: IaaS, SaaS, Mining
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Canada, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $285k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mintgreen — MintGreen specializes in heat recovery from Bitcoin mining. Our proprietary Digital Boilers heat communities sustainably.
  • Arcube — We make sure all travellers, frequent and infrequent, make the most of travel loyalty programs, using our data-driven approach, airlines can understand their customers and provide hyper-personalised offerings to boost value and retention.Arcube uses a data-driven approach to make the most of airline loyalty programs for both frequent andinfrequent flyers. Our software allows airlines to understand their customers and provide hyper-personalised offerings to boost value and retention at no extra cost to the airline.
  • UTU Technologies — Trust infrastructure for the sharing economy.
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VilCap Investments
VC Fund · San Francisco, California, United States · 2 investments in Kenya Software startups

VilCap Investments is an early-stage impact investing fund, backing companies addressing the most pressing social and environmental challenges.

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Investment focus

  • Industry: Financial Services, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 90
  • Round size: Seed $50k–$2.5M; Series A $2M–$6M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • SatSure — Premium domain available for purchase
  • Altro (fka Perch) — Perch Credit (also known as Perch), is a fin-tech mobile app that allows users to take common recurring expenses, such as their subscriptions & rent, and turn these into creditworthy data points. Perch is currrently live on iOS and plans to be on Android in the coming months.Perch recently graduated YC (S20) and closed 2.5M in their mostrecent round.
  • Advocatia Solutions — Advocatia simplifies how uninsured patients identify financial assistance programs and enroll into coverage.
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Investisseurs & Partenaires
VC Fund · Paris, Ile-de-France, France · 2 investments in Kenya Software startups

Investisseurs et Partenaires

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Investment focus

  • Industry: Financial Services, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: France, Senegal, Côte d'Ivoire

Investor stats

  • Total investments: 103
  • Lead/follow: no public data

Portfolio highlights

  • iProcure — iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-timeagent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.
  • Trackbit — Trackbit is a cryptocurrency exchange platform.
  • Lapaire — Discover a wide range of high-quality & affordable eyeglasses at Lapaire Glasses. Book a free vision test with our professional optometrists to help you find your perfect pair of glasses to enhance your vision and style. Shops in 7 african countries: Benin, Ivory Coast, Togo, Burkina Faso, Mali, Kenya and Uganda.
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Renew Capital
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 2 investments in Kenya Software startups, 11 in the past 12 months

Renew Capital is an Africa-focused investment firm that addresses critical gaps for Africa’s growing businesses and connects them to a global network of impact investors.

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Investment focus

  • Industry: Mobile Apps, Financial Services, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Uganda, Kenya, Ethiopia

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Bosso — Bosso projects and realizes automation and robotic solutions for the growth of your business.
  • Chpter — Chpter is a software development company that offers fast billing and checkout to help start, run, and grow a business.
  • Level Africa — Digital Investment Marketplace for Africa
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 2 investments in Kenya Software startups

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.

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Investment focus

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

Investor stats

  • Total investments: 386
  • Lead/follow: no public data

Portfolio highlights

  • Revelo — Scale your development team with the top 1% of 1,000,000+ software engineers in Latin America. Get matched with senior remote developers who have strong technical and English-speaking skills & hire them without the overhead. We handle payroll, taxes, and HR. Flat monthly rate.
  • iyzico — iyzico was founded with the aim of providing a secure payment management platform to online companies of different sizes operating in different industries. Currently it offers iyziPos (secure virtualPOS solution with automated fraud prevention and high authorization-rate bank integrations) , iyziBazaar (manage marketplace payments), iyziLink (payby link, without the need of a shopping site), and Buyer Protection (secure shopping experience) as the flagship products.
  • Candela — We build electric hydrofoil boats and ferries for leisure and commercial use. Explore the Candela C-8 and the Candela P-12.
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British International Investment
VC Fund · London, England, United Kingdom · 2 investments in Kenya Software startups

British International Investment is the UK's development finance institution. We've been at the forefront of supporting companies in developing countries for more than 70 years.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 171
  • Lead/follow: no public data

Portfolio highlights

  • Xurya — Xurya is a renewable energy platform in providing commercial and industrial rooftop owners access to solar lease product on one side. And investors access to a stable and safe investment in rooftop solar plants on the other side. Both are achieved by maintenance service which enables both parties peace of mind.
  • Grow Indigo — Let's start the transformative movement towards carbon farming in India with expertise of Mahyco and Indigo Ag.
  • BRAC Bank — BRAC Bank Limited provides various commercial banking products and services in Bangladesh. The company offers retail, wholesale, small and medium enterprises (SME), and Probashi banking products and services. It provides various deposit products, such as current accounts, fixed deposits, SME deposits, savings accounts, and term deposits. Thecompany also offers loan portfolio comprising personal loans, auto loans, home loans, and secured loans/overdrafts.
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Exfi
VC Fund · 1 investments in Kenya Software startups

Exfi is a syndicate of 6 ex-Google founders with ties to EMEA.

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Investment focus

  • Industry: Apps, Logistics, Supply Chain Management
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • OkHi — Smart addressing for emerging markets. Enabling businesses to collect an accurate address, navigate to it without getting lost and verity it remotely.
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Norrsken22
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Kenya Software startups

Norrsken22 is a tech growth fund, backed by an international network of tech founders, partnering with exceptional African entrepreneurs in scaling disruptive businesses.

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Investment focus

  • Industry: Financial Services, Banking, B2B
  • Stage:Series B, Series C, Pre-Seed
  • Geography: South Africa, Egypt, Nigeria

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Waza — Waza is a web platform with APIs. It helps startups and emerging market businesses manage their cash flow issues, invoicing needs, and international payment requirements.
  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • Nala — A new kind of mobile money transfer for Africans worldwide! Make safe, affordable, and reliable international payments to Kenya, Tanzania, and Uganda.
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Africa's Talking
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Kenya Software startups

Africa's Talking is a Kenya-based mobile solutions firm integrating reliable two-way SMS, voice, and USSD functionality across mobile providers in Africa. The firm offers bulk SMS, short codes, and premium SMS, USSD, MMS, and customized mobile messaging solutions for individuals, businesses, and developers. With the API developers, it canconnect a short code, use an alphanumeric sender id, and send SMS messages across Kenya. Africa's Talking’s users need to register to access documentation.Africa's Talking was established in 2010 by Eston Kimani and Samuel Gikandi, two MIT graduates to explore applications that enhance the growth and use of information technology in and for Africa. It is based in Nairobi.

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Investment focus

  • Industry: Cloud Computing, Cloud Management, Cloud Data Services
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Angani — Angani offers cutting-edge & affordable solutions in cloud infrastructure, backup & disaster recovery, media streaming, cloud PABX and data analytics. Enjoy local support, low latencies, and faster response times.
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Jigsaw VC
VC Fund · St. Helier, NA - Jersey, Jersey · 1 investments in Kenya Software startups

Jigsaw VC website

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United Kingdom, India, Kenya

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • Lawhive — LawHive provides local UK solicitors for half the cost of a law firm. Connect with licensed solicitors online. Use any computer or smartphone.
  • Goodstack — Goodstack is a SaaS and fintech platform for managing charitable donations.
  • Yonder — A modern lifestyle credit card packed with rewards, no foreign exchange fees, and loads more. Apply without needing a UK credit score.
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Untapped Global
VC Fund · San Francisco, California, United States · 1 investments in Kenya Software startups

Untapped connects global investors, and foreign capital to opportunities in emerging markets. Delivering competitive returns, and measurable impact for global investors.

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Investment focus

  • Industry: FinTech, Consumer Goods, Financial Services
  • Stage:Seed
  • Geography: South Africa, Kenya

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Qwili — Qwili makes smartphones with a voice-guided, local language onboarding experience for new users.
  • Elimutab — At Elimutab we have safe and secure educational gadgets made for learners and schools. Including; Tablets, Chromebooks, Laptops, Projectors & Interactive smartboards.
  • Momint — Momint is the Web3 investment platform of the future. The safest and easiest to use NFT marketplace in the world. Discover the real-world potential of NFTs.
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Verod-Kepple Africa Ventures
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Kenya Software startups

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

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Investment focus

  • Industry: Retail, Internet, Payments
  • Stage:Seed
  • Geography: Nigeria, Egypt, South Africa

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
  • Zone — Zone is a regulated blockchain network that enables payments and acceptance of digital currencies.
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Verdant Frontiers
VC Fund · Austin, Texas, United States · 1 investments in Kenya Software startups

Verdant Frontiers is a venture capital firm specializing in start-up and early-stage investments. The firm builds portfolios of large-scale businesses that deliver compelling returns for investors and create life-changing jobs in Africa.

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Investment focus

  • Industry: Travel, FinTech, Finance
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Italy, Ethiopia

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Pezesha — Digital Financial Ecosystem for connecting MSMEs to Capital.
  • Zeraki — Zeraki is to use technology to address some of the obstacles learners encounter in accessing quality education. We use technology to enhance the quality of education students get at each level of education and use technology to help students transition from one level of education to the next, and ultimately from education into employment.
  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
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Melvyn Lubega
Angel · Johannesburg, NA - South Africa, South Africa · 1 investments in Kenya Software startups

Melvyn Lubega is the head of strategic partnership at Go1.

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Investment focus

  • Industry: E-Learning, Information Technology
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Zeraki — Zeraki is to use technology to address some of the obstacles learners encounter in accessing quality education. We use technology to enhance the quality of education students get at each level of education and use technology to help students transition from one level of education to the next, and ultimately from education into employment.
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Software Investor funding in Kenya at a glance

Stats across 87 deals from 103 investors.

103
investors
in Kenya Software startups
87
deals
in Kenya Software startups
$150k
median round
in Kenya Software startups
43%
lead investors
lead at least one round
31%
Seed
most common funding stage
92/8
VC / Angel
share of investor count

Access all 103 investors in Kenya Software startups.

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