Savannah Fund, established in 2012 and headquartered in Ebene, Mauritius, is a venture capital firm focusing on early-stage technology startups in sub-Saharan Africa. It invests between $25,000 and $500,000 in sectors such as agtech, content, e-commerce, edtech, enterprise, fintech, healthcare, and logistics. The firm aims to bridge the early-stage investment gap in Africa by providing not only capital but also mentorship and support from its experienced team and extensive networks of local, regional, and international investors. Savannah Fund's mission is to foster sustainable, job-creating, and impactful technology companies that can scale regionally or globally.
Hohm Energy is an online marketplace based in Gauteng, South Africa, founded in 2021. The company specializes in facilitating the adoption of solar energy by connecting customers with accredited solar providers, product suppliers, and financiers. Its platform offers a comprehensive solar purchasing experience, utilizing scalable technology to manage the entire transition process. This includes scoping solutions, overseeing installations, and providing ongoing operations and maintenance support. By building a global solar network, Hohm Energy aims to promote the transition to renewable energy and contribute to a lower-carbon future.
Aya Data
Pre Seed Round in 2023
Aya Data specializes in data annotation, data collection, natural language processing, and transcription services. The company has developed a comprehensive platform that facilitates the creation of quality training data for machine learning models. This platform offers a range of tools for businesses to label data effectively, including image, text, and audio labeling. By providing these services, Aya Data helps organizations enhance the accuracy and performance of their machine learning initiatives, making it easier for them to harness the power of artificial intelligence.
Kubik
Seed Round in 2023
Kubik is an environmental technology company focused on constructing low-carbon, durable, and affordable buildings using materials derived from plastic waste. The company designs and builds a variety of facilities, including residential, commercial, and public structures, aimed at providing sustainable living spaces. Through its innovative approach, Kubik addresses the issue of plastic waste while contributing to environmentally friendly construction practices.
Afropolitan
Pre Seed Round in 2022
Afropolitan is developing a platform aimed at connecting and empowering the global African diaspora through technology, commerce, and community. The initiative focuses on creating a Digital Nation that allows Africans to build abundant lives by leveraging the internet and shared values. Afropolitan provides a virtual passport that grants access to African culture, events, and merchant experiences worldwide. Its offerings include event discovery, ticket bookings, a merchant directory, and a hybrid crypto/fiat wallet for seamless transactions. This innovative approach seeks to transform the online community into a cohesive digital country with its own currency and a shared purpose, fostering a vibrant ecosystem for Africans globally.
Oze
Seed Round in 2022
Oze is a digital platform designed to support small and medium-sized enterprises (SMEs) in Africa by providing tools for managing sales, expenses, and customer data. The app enables entrepreneurs to track their financial activities efficiently and offers tailored recommendations, reports, and business education to enhance their operations. Oze also provides access to coaching for users seeking additional guidance. By leveraging data and machine learning, Oze can assess credit risk and facilitate affordable financing options through banking partners. With a user base exceeding 150,000, Oze has established itself as the largest online community of SMEs in West Africa, demonstrating significant impact as 97% of businesses using Oze for over nine months have reported growth or profitability.
Root
Seed Round in 2021
Root enables companies to embed & sell insurance. Root’s proven low-code platform and strong insurance partnerships make it easy to design, build and integrate insurance at scale. Root is an enterprise-grade solution, with digital platforms, retailers, and insurers building, refining and selling insurance products powered by Root. Root processes more than $32m in active Gross-Written-Premium with 1.7m+ in-force policies on the platform, and a team of 50 people.
Knabu Distributed Systems
Seed Round in 2021
We are a DLT company based in London and have started our bank authorization process to solve the problem of denial of bank accounts to blockchain businesses. We are building a Utility Bank from scratch & engineering it to leverage DLT.
Ando Foods
Pre Seed Round in 2021
The ANDO platform offers an end-to-end technology stack that begins when an order is placed and ends when an order is delivered and guest feedback is collected. The company's technologically advanced commercial kitchens ensure that all food is produced while keeping very sensitive prep times and quality requirements in mind.
Guidewheel
Series A in 2021
Guidewheel is a developer of an AI-powered factory operations platform that helps manufacturers enhance productivity and profitability across their operations. The platform utilizes a non-intrusive approach, similar to a smartwatch, to monitor machines by analyzing their electrical signals. This allows for real-time insights into machine performance, including operational speed, activity status, and early detection of potential issues. With the integration of additional sensors, Guidewheel’s technology offers increasing value related to profitability and sustainability. Founded at Stanford University, Guidewheel has already made strides with hundreds of manufacturers, achieving an average runtime improvement of 40%. The company aims to become the leading real-time intelligence platform for the world’s factories, contributing significantly to operational efficiency and addressing climate change challenges.
eBanqo
Seed Round in 2021
eBanqo is a customer engagement software-as-a-service (SaaS) provider that enables organizations to automate customer-facing services and enhance issue resolution. The platform allows businesses to extend their services across various digital channels, including webchat, in-app chat, social media, USSD, and SMS, thereby promoting connectivity and efficiency in addressing customer concerns. Utilizing advanced artificial intelligence technology, eBanqo helps businesses deliver personalized interactions consistently across all platforms, fostering customer loyalty and brand affinity. The solution significantly reduces operational costs while offering automated support, self-service options, and multi-channel live chat capabilities. By integrating engagement channels such as web, mobile, and popular messaging apps, eBanqo aims to improve customer satisfaction and retention through quicker issue resolution and increased accessibility.
Moringa School
Seed Round in 2021
Moringa School is a coding institution focused on developing technical skills among students through intensive training programs. It specializes in software engineering, data science, and professional development, offering a range of courses in areas such as software development, computer programming, UI and UX design, machine learning, and full stack web development. By providing both full-time and part-time education options, Moringa School equips its pupils and graduates with the necessary skills to thrive in the global digital economy. The institution aims to enhance the employability of its students by ensuring they are well-versed in essential technologies and concepts relevant to the industry.
Orbit Health
Seed Round in 2019
Orbit Health operates a digital health platform aimed at transforming healthcare access and delivery in sub-Saharan Africa, where healthcare resources are often limited. The company addresses critical issues such as delayed access to healthcare and inefficient care delivery by providing innovative technology solutions. Its platform includes essential features that assist healthcare professionals in managing patient care, scheduling appointments, and processing laboratory services. By enabling patients to select their care providers and facilitating both physical and virtual consultations, Orbit Health seeks to create a healthier society by improving overall healthcare infrastructure and making essential services more accessible.
FlexClub
Seed Round in 2019
FlexClub is a mobility platform that offers an online marketplace for car subscriptions, allowing customers to create personalized car subscription plans. Users can subscribe to a vehicle for a minimum duration of one month and have the flexibility to cancel or modify their plans without incurring penalties. The platform caters to both commercial and private members, facilitating the buying, renting, and selling of movable assets, including cars for ride-hailing services. This approach simplifies the process of accessing vehicles, making it convenient for users to browse and order a car that meets their needs.
Supermart Nigeria
Seed Round in 2017
Supermart is a grocery delivery service that allows shop from all favourite supermarkets all under one roof.
Aerobotics
Seed Round in 2017
Aerobotics is a data analytics company that specializes in providing insights into tree and fruit health through the use of drone imagery and artificial intelligence. The company has developed aerial imagery technology that combines satellite and drone data with machine learning algorithms. This technology assists farmers in various aspects of orchard management, including the identification of problematic trees, pest and disease management, and yield optimization. By enabling farmers to efficiently scan their fields and analyze the information captured, Aerobotics helps reduce costs and enhance agricultural productivity.
Smile ID (formerly Smile Identity)
Pre Seed Round in 2017
At Smile ID they believe anyone should be able to prove their identity easily, anywhere in the world. Their team is made up of American and African engineers and financial services professionals with experience across global markets in highly regulated environments. They have built encryption, authentication and security solutions. They have developed image processing technology from the chip level up. They have been part of security investigations and have pursued fraudsters. Having worked with, or for, telecoms, lenders, banks and startups, they know the challenges of building world class technology and they understand the needs of the African consumer and enterprise customer. They are backed by leading Silicon Valley & African investors and they have pan-African reach, with representation in the United States, South Africa, Nigeria, Kenya, Ghana and Rwanda.
Lidya
Seed Round in 2017
Lidya is a financial services platform based in Lagos, Nigeria, focused on improving access to credit and finance for small and medium enterprises. Founded in 2016, Lidya enables businesses to open accounts online, manage funds, and access credit within 15 minutes using mobile-first technology and proprietary credit scoring algorithms. The platform offers a range of banking services, including invoice financing and working capital, designed to help business owners build credit profiles and secure affordable financing. Additionally, it provides tools and dashboards for managing receivables and cash flow, allowing businesses to enhance their credit scores and unlock higher credit limits.
Unicaf
Venture Round in 2016
Unicaf, founded in 2012, operates an online higher education platform that provides affordable and quality university degree programs to young professionals in Africa. The company partners with reputable universities from the UK, US, Europe, and Africa, offering locally accredited degrees that allow students to study primarily online while balancing their work commitments. Unicaf's approach combines online instruction with physical instructional centers and virtual coaching, making it easier for students to pursue their education and enhance their career prospects. The organization has experienced significant growth, serving over 8,000 students and aiming to expand its reach to 60,000 students.
Podozi
Convertible Note in 2016
Podozi is a beauty tech startup focused on addressing the unique needs of people of color in the beauty market. It operates an e-commerce platform that simplifies the process of discovering and purchasing beauty and personal care products, specifically tailored for African women. By utilizing an algorithm-based system, Podozi offers a personalized shopping experience that ensures customers can find products that are the perfect fit for their individual needs. The platform features a diverse selection of categories, including makeup, skincare, hair care, nail products, and fragrances, allowing beauty enthusiasts to access quality products from authentic brands around the world.
Sendy
Seed Round in 2015
Sendy Ltd. is a logistics company based in Nairobi, Kenya, founded in 2014. It operates a comprehensive logistics platform designed to simplify and optimize delivery processes for businesses. The platform facilitates door-to-door delivery for e-commerce and assists manufacturers and distributors in managing their logistics more efficiently. Sendy connects businesses with multiple transporters, allowing them to schedule, track, and pay for deliveries seamlessly. With a focus on transparency and security, Sendy empowers thousands of companies to manage their logistics through an integrated system that also provides access to reporting tools and cashless payment options.
Wasoko
Pre Seed Round in 2015
Wasoko is an e-commerce platform that connects small retail shops in Africa to the digital economy, enhancing their access to essential goods and services. By facilitating seamless transactions, the platform allows informal retailers to conveniently order products via SMS or a mobile app, ensuring they receive free same-day delivery to their stores. This approach not only simplifies the sourcing process for shopkeepers but also helps manufacturers maintain consistent product availability for consumers. Through this model, Wasoko aims to boost sales and market coverage for companies operating in emerging markets, thereby fostering trade and economic growth across the continent.
Golix
Seed Round in 2015
Golix, originally founded in December 2014 as BitFinance, aimed to empower individuals in Africa with financial autonomy through cryptocurrency. Initially, it functioned as a Bitcoin trading platform, allowing users to buy and sell bitcoins via mobile money or online banking transactions. The platform also provided a cloud-based solution for managing Bitcoin accounts and expanded its offerings to include other cryptocurrencies like Ethereum and Litecoin, along with wallet services for secure storage. Despite its pioneering role in the African cryptocurrency market, Golix encountered significant regulatory hurdles, including a directive from the Reserve Bank of Zimbabwe to cease trading operations. Though Golix secured a High Court order to continue its activities, it ultimately ceased operations in October 2019 and sold its remaining assets. In January 2021, Golix relaunched as a cryptocurrency price tracking platform, maintaining its brand but shifting focus from trading to providing market information.
Djuaji
Seed Round in 2015
Djuaji is an accounting platform that facilitates survey-based research for businesses, primarily targeting the African market. The company operates an online mobile survey community where users can share their opinions on products, services, and public policy. Participants are incentivized for their contributions through payments made via mobile money. This approach not only enables businesses to gather valuable insights but also empowers respondents by rewarding them for their time and input.
Forex
Seed Round in 2015
Forex.co.ke enables foreign exchange consumers to compare quotes from currency dealers, transact online, and settle payments electronically.
Africa Courier Express
Seed Round in 2015
Africa Courier Express (ACE) is a logistics company operating in Africa, focused on providing delivery solutions for businesses and consumers. The company utilizes a technology-enabled logistics platform that facilitates efficient communication between clients and service providers. ACE's platform offers multiple rescheduling options, catering to the diverse needs of customers. With a commitment to timely service, ACE enables clients to access same-day and next-day delivery across various regions in Africa, enhancing the overall logistics experience.
Angani
Seed Round in 2015
Angani Limited is a public cloud computing provider based in Nairobi, Kenya, serving the East African region. Founded in 2013, the company offers a range of managed cloud services that include leasing IT infrastructures in the form of virtual machines and providing comprehensive turnkey solutions. These solutions encompass IT support, hardware procurement, power management, cooling, system upgrades, and scheduled maintenance. Angani is designed to facilitate a user-friendly self-service environment for building and deploying applications, ensuring seamless connectivity to its servers through local internet service providers. This approach allows clients to efficiently manage their computing needs, enabling them to focus on their core business while saving both time and resources.
StudySearch
Seed Round in 2015
StudySearch is a platform designed to assist African students in finding and applying to universities abroad. It serves as an international student marketplace, offering a comprehensive database of universities and detailed information about various academic programs. By providing on-demand education advice, StudySearch enables students to streamline the application process, helping them identify and select the programs that best fit their educational needs. The platform simplifies the journey for students seeking higher education opportunities outside their home countries.
CardPlanet Solutions
Seed Round in 2014
CardPlanet Solutions Limited, founded in 2011 and based in Nairobi, Kenya, specializes in developing cloud-based personal information solutions. The company offers a range of products designed to enhance efficiency and security across various sectors. Its flagship platform, InstAid, allows organizations to create, manage, and distribute medical and nutritional e-vouchers via mobile technology. PesaCard serves as a financial empowerment tool for children and youth receiving cash transfers from caregivers. Additionally, CardPlanet provides CampoCard, an official identification and access card for students, faculty, and staff at educational institutions, facilitating purchases on and off-campus. The company also runs a unique rewards program through its Fuel and Loyalty Card, enabling users to earn points and discounts for everyday activities such as refueling, shopping, and dining. Through these innovations, CardPlanet Solutions aims to improve convenience and cost-effectiveness for its users.
BabyGroup
Series A in 2014
BabyGroup is an e-commerce company based in Cape Town, South Africa, that specializes in providing a comprehensive range of products and services for parents-to-be and parents. Founded in 2012, the company operates an online platform where customers can purchase various baby-related items, including clothing, carriers, toys, and baby-care products. By centralizing these offerings, BabyGroup aims to simplify the shopping experience for parents, enabling them to find all their baby needs in one convenient location.
Wyzetalk
Series A in 2014
Wyzetalk is a developer of a digital employee engagement platform aimed at enhancing communication between organizations and their frontline workforce, which comprises a significant portion of the global labor market. With a focus on addressing the disengagement of frontline workers, the platform utilizes mobile technology to create an accessible communication channel that connects workers with their organizations. This multi-channel approach, which includes mobile, app, and USSD options, facilitates improved access to information and streamlined processes, ultimately enhancing the day-to-day experiences of deskless employees. By combining its employee experience platform with industry expertise, Wyzetalk effectively enables organizations to foster better communication, increase engagement, and drive overall business performance, thereby addressing the challenges posed by a disengaged workforce.
StorkBrands
Seed Round in 2014
StorkBrands specializes in the import and distribution of childcare and juvenile products, primarily serving the Southern African region. The company provides access to an extensive network of retailers, facilitating the growth of both local and international mom and baby brands. StorkBrands is committed to delivering exceptional customer service and employs advanced supply chain management practices to enhance product availability and brand activation across various channels. Through these efforts, the company aims to support families by ensuring they have access to quality products for childcare.
Zevan Limited
Angel Round in 2014
Zevan Limited is a Nairobi-based company that operates a mobile trading platform designed to connect hotels and food processors with small-scale farmers for the procurement of raw materials. Founded in 2012, the platform facilitates the linkage between agricultural producers and various stakeholders, including input providers and end markets, while also offering logistical services such as warehousing and transport. By streamlining these connections, Zevan Limited aims to enhance the efficiency of agricultural supply chains in Kenya.
UniSmart
Seed Round in 2014
UniSmart is a discount discovery platform that operates through web and mobile applications, connecting verified Nigerian students with a variety of brands, products, and services. Founded in 2014 and headquartered in Nigeria, the platform allows students to access and redeem discounts at the point of sale, both online and in physical stores. By offering retailers and merchants the ability to engage with the student demographic, UniSmart facilitates discounted offers that are available locally, nationally, and globally. The company aims to enhance the shopping experience for students while providing valuable marketing opportunities for businesses.
Ahonya
Seed Round in 2014
Ahonya.com is an online shopping platform in Ghana that specializes in providing consumers with access to a wide range of high-quality electronics at competitive prices. The company offers a marketplace where users can conveniently purchase various products, including laptops, mobile phones, cameras, tablets, and PC accessories, as well as clothing and other accessories. Ahonya.com emphasizes the importance of genuine products and aims to enhance the shopping experience by providing doorstep delivery services, allowing customers to shop from the comfort of their homes. The platform is positioned as a leading online retailer in Ghana, with a mission to help consumers find and buy the electronics they need efficiently.
Paykind
Seed Round in 2013
They started in early 2013 as a platform that allowed parents to send money to their children in boarding schools in Kenya. Using the M-Pesa mobile money platform layered on top of NFC powered student IDs, They were able to help parents send money allocated specifically for educational supplies and food electronically to their children. Realizing the potential of electronic money transfers tied specifically to allocated expenses, They pivoted in September 2013 from student payment cards to electronic educational, medical and nutritional vouchers. Today Their main product is Paykind, an online e-voucher platform that enables individuals and organizations to send highly specified remittance packages using mobile phone technology.
Zished
Seed Round in 2013
Zished is an online gifting platform based in Accra, Ghana, that specializes in providing a variety of gifts for special occasions. Launched in 2013 by Kojo Ayirebi and Christiane Koenig, the company enables consumers to order cakes, flowers, gift vouchers, and hampers from a curated selection. Customers can conveniently have these items delivered to their doorsteps, facilitating the act of gifting for events such as birthdays, anniversaries, holidays, and other celebrations. Zished aims to make it easy for individuals, including those living far away or abroad, to surprise their loved ones with thoughtful gifts on significant occasions.
Zatiti
Seed Round in 2013
Zatiti is a mobile e-commerce website builder based in Nairobi, Kenya, founded in 2013 by Grace Kiburi and David Njuguna. The platform allows users to create personalized online shops, facilitating the sale of products through an easy-to-use content management system. Merchants can manage their content efficiently, including uploading products and creating web pages. Zatiti also offers custom templates, enabling businesses to establish a unique online presence that reflects their brand identity. By focusing on the development of e-commerce websites, Zatiti aims to simplify the process of online trading for merchants, allowing them to operate their businesses smoothly and effectively.
Kola Studios
Seed Round in 2013
Kola Studios is a mobile game developer based in Uganda, known for popularizing a local card game. The company focuses on creating engaging mobile applications that enhance user experience and promote cultural entertainment. In addition to game development, Kola Studios offers custom applications aimed at data integration and business enhancements, providing quality analysis to meet specific process requirements. This dual approach allows the company to support clients in launching their products and establishing a strong brand identity. Kola Studios is backed by Savannah Fund, which contributes to its growth and innovation in the mobile gaming and application development sectors.
Eneza Education
Seed Round in 2013
Eneza Education Limited, founded in 2011 and based in Nairobi, Kenya, specializes in providing mobile technology-based education services. The company offers a virtual tutor and teacher's assistant, enabling students and teachers to access curriculum-aligned courses, assessments, and interactive support from live instructors via mobile devices. Its platform includes locally-adapted tutorials, tips, assessments, and features such as a leaderboard and live teacher chat, accessible through various formats including USSD/SMS, a web app, an offline desktop app, and an Android app. Eneza Education targets individual parents, students, and teachers with subscription-based access to its educational resources, ensuring that learners across Kenya, from urban centers to rural areas, can benefit from comprehensive, on-demand educational support.
Inforex Africa
Seed Round in 2013
Inforex Africa is an online platform that facilitates a network for foreign exchange service providers across the continent. Founded in 2012 and based in Kampala, the platform allows forex bureaus to view and compare each other's exchange rates, enabling seamless currency transactions among them. It provides institutions with real-time access to forex rate changes and alerts from central banks regarding market conditions and cash inflow submissions. Additionally, Inforex Africa features a messaging system to enhance communication among its users. Each forex bureau has a dedicated profile section to update its location and contact information, ensuring that the platform remains a reliable resource for both local and international foreign exchange institutions.
Copia Global
Seed Round in 2013
Copia Global Inc. is an e-commerce company based in Nairobi, Kenya, that focuses on providing a consumer catalog order and delivery system for middle to low-income individuals in the developing world. Founded in 2013, the company leverages mobile technology and a network of local agents to facilitate access to a diverse range of quality goods at reasonable prices. Its platform enables users, including those without direct internet access, to browse products and place orders with local shopkeepers, who can then fulfill these orders and manage payments through a mobile payment system. This approach not only empowers consumers but also enhances the distribution capabilities of local businesses, making it easier for rural and peri-urban populations to access essential products conveniently.
SafariDesk
Seed Round in 2012
SafariDesk is a travel technology start-up based in East Africa that focuses on enhancing the travel experience for its users. The company operates an online marketplace and collaborative platform designed to help travelers discover appealing deals and travel rewards from various providers across the region. By streamlining access to offers and discounts, SafariDesk aims to facilitate memorable travel experiences in Africa. The company is supported by the Savannah Fund, which aids in its growth and development within the travel industry.
Datafree
Series A in 2012
Smashing the mobile data cost barrier with #datafree services enabled by reverse billing (toll free data).
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