Uncovered Fund

Uncovered Fund is a venture capital investment firm established in 2019 and headquartered in Tokyo, Japan. The firm focuses on early-stage startups, primarily targeting businesses located in Kenya, Nigeria, and South Africa. Uncovered Fund invests in various sectors, including retail, fintech, health tech, logistics, mobility as a service (MaaS), agritech, and smart city initiatives. By concentrating on these regions and industries, Uncovered Fund aims to support innovative entrepreneurs and foster growth in emerging markets.

Takuma Terakubo

Founder, CEO and General Partner

Past deals in East Africa

MarketForce

Series A in 2022
MarketForce is a technology company headquartered in the United States, with operations in Kenya and Nigeria, focused on enhancing B2B commerce and fintech solutions for African merchants. Launched in 2018, the company has developed the "RejaReja" platform, which allows merchants to digitally source, order, and pay for inventory. In addition to these services, MarketForce offers access to financing, enables digital payment collection, and allows merchants to resell digital financial services like airtime and utility tokens. Operating in five markets across Sub-Saharan Africa, MarketForce has established a rapidly growing network that includes over 200,000 merchants and 50 consumer brands. The company employs an asset-light business model to drive efficiency and productivity in the distribution of goods, utilizing advanced technology to streamline operations for its users.

Amitruck

Seed Round in 2022
Amitruck Limited is a logistics platform that connects cargo owners with trucking logistics professionals, streamlining the delivery process. Founded in 2018 and headquartered in Nairobi, Kenya, the company offers a mobile and web-based application that allows customers to easily book deliveries for their loads. Amitruck also provides a driver application, enabling transporters to access clients and communicate effectively. The platform enhances user experience by allowing clients to track their deliveries in real-time, receive timely updates, and obtain instant quotes while ensuring access to the nearest available trucks. Through its intuitive interface, Amitruck aims to improve the efficiency and transparency of the logistics process.

Treepz

Seed Round in 2021
Treepz is a technology-driven transportation company focused on enhancing mobility across Africa. Founded in 2019 and headquartered in Ontario, Canada, Treepz operates in Nigeria, Ghana, Uganda, and Kenya, providing users with a reliable and comfortable commuting experience. Its application allows users to book trips for daily, inter-city, or corporate travel at the tap of a button. The platform offers features such as vehicle assistants, licensed drivers, and e-wallet payments, ensuring that users can book and pay for fast and convenient trips in real-time. Through its innovative approach, Treepz aims to create a safer and more efficient transportation system for commuters in the region.

Sky.Garden

Series A in 2021
Sky.Garden is an e-commerce platform based in Nairobi, Kenya, founded in 2015, that empowers businesses to sell products to targeted audiences across Africa. The platform caters to a diverse range of users, including informal traders, small and medium enterprises, and established businesses. It provides a comprehensive solution for inventory management, allowing retailers to easily upload products, set prices, and manage stock levels. Sky.Garden also facilitates immediate payment reconciliation and offers integrated local shipping and payment options, streamlining operations for its users. By enhancing control over inventory and sales processes, Sky.Garden aims to simplify the e-commerce experience for African retailers.

MarketForce

MarketForce is a technology company headquartered in the United States, with operations in Kenya and Nigeria, focused on enhancing B2B commerce and fintech solutions for African merchants. Launched in 2018, the company has developed the "RejaReja" platform, which allows merchants to digitally source, order, and pay for inventory. In addition to these services, MarketForce offers access to financing, enables digital payment collection, and allows merchants to resell digital financial services like airtime and utility tokens. Operating in five markets across Sub-Saharan Africa, MarketForce has established a rapidly growing network that includes over 200,000 merchants and 50 consumer brands. The company employs an asset-light business model to drive efficiency and productivity in the distribution of goods, utilizing advanced technology to streamline operations for its users.
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