Hayo Afman

Investment Manager

TH

Toine Huijbers

CFO

Ralph Jansen

Investment Manager

Saskia van der Mast

Co-CEO

38 past transactions

Sarura Commodities Ltd

Private Equity Round in 2018
Sarura is a grain trading company based in Kigali, Rwanda, that links small holder farmers with local and international off-takers, such as Africa Improved Foods and World Food Program.

Kentaste Products Limited

Venture Round in 2022
Kentaste Products Limited processes, produces, packages, and distributes coconut based products. The company offers coconut milk, creams, and oil for customers who use it in sauces, drinks, curries, and desserts. Its products are available in supermarkets in Kenya. The company was founded in 2011 and is based in Nairobi, Kenya.

Twiga Foods Ltd.

Series A in 2017
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.

PowerGen Renewable Energy

Series B in 2019
Powergen Renewable Energy provides energy solutions to residential, community, commercial, government, and industrial customers in East Africa. The company offers microgrids and commercial and industrial solar consulting; development; engineering, procurement, and construction; operation and maintenance; and financing services. The company was founded in 2011 and is based in Nairobi, Kenya with additional offices in Arusha, Tanzania; Freetown, Sierra Leone; and Lagos, Nigeria.

Tanga Fresh Ltd.

Private Equity Round in 2020
Tanga Fresh Ltd. is a milk processing company that also produces cheese and yoghurt. The company is based in Tanga, Tanzania.

Zembo

Seed Round in 2021
Zembo provides affordable electric motorcycles for motorcycle taxi drivers in Africa.

Waterbus

Private Equity Round in 2014
Waterbus builds and operates catamaran ferries for safe and affordable transport of passengers and their goods.

Copia Global

Venture Round in 2015
Copia Global Inc. provides an e-commerce application that enables users to browse products and place orders with the local shopkeepers. The company’s application enables shopkeepers to order products for customers and make payments for the ordered products through a mobile payment system. Copia Global Inc. was formerly known as TTJL Inc. The company was founded in 2013 and is based in Nairobi, Kenya.

Copia Global

Venture Round in 2015
Copia Global Inc. provides an e-commerce application that enables users to browse products and place orders with the local shopkeepers. The company’s application enables shopkeepers to order products for customers and make payments for the ordered products through a mobile payment system. Copia Global Inc. was formerly known as TTJL Inc. The company was founded in 2013 and is based in Nairobi, Kenya.

Countryside Dairy Ltd.

Private Equity Round in 2016
Countryside Dairy Ltd, is a milk processing company established in 2014 and operates from the Kenyan equator town of Nyahururu. The firm processes pasteurized fresh milk products for the low-income market segment and institutional organisations such as hospitals, hotels and schools and does about 100,000 litres of milk on a daily basis.

Kentaste Products Limited

Private Equity Round in 2018
Kentaste Products Limited processes, produces, packages, and distributes coconut based products. The company offers coconut milk, creams, and oil for customers who use it in sauces, drinks, curries, and desserts. Its products are available in supermarkets in Kenya. The company was founded in 2011 and is based in Nairobi, Kenya.

Copia Global

Funding Round in 2015
Copia Global Inc. provides an e-commerce application that enables users to browse products and place orders with the local shopkeepers. The company’s application enables shopkeepers to order products for customers and make payments for the ordered products through a mobile payment system. Copia Global Inc. was formerly known as TTJL Inc. The company was founded in 2013 and is based in Nairobi, Kenya.

M-KOPA

Private Equity Round in 2011
M-KOPA Kenya Limited develops and markets solar home systems. It offers solar systems with three lights, phone charging, and a solar powered radio. The company sells its products through dealers and retail shops in Kenya. It offers M-KOPA 5, KOPA 6, KOPA 600, and KOPA 6000. M-KOPA Kenya Limited was founded in 2011 and is based in Nairobi, Kenya. M-KOPA Kenya Limited operates as a subsidiary of M-Kopa, LLC.

Mr. Green Africa

Venture Round in 2020
Mr. Green Africa is a Nairobi-based recycling start-up whose vision is to change people’s perceptions towards waste equals value. This small company incorporates the concept of shared value—creating economic value while addressing social and environmental challenges—into its core, by harnessing the untapped potential of an existing informal waste management industry. Mr. Green Africa sells pre-processed recycling materials with a traceable social and environmental impact.

Twiga Foods Ltd.

Series C in 2021
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.

Sendy Ltd

Series A in 2018
Sendy is a business-to-business platform that offers on-demand door-to-door package delivery services for small, medium, and large businesses. Its easy-to-use web platform enables users to schedule, track, and pay for all deliveries right from their computer. Sendy was established in 2014 and is headquartered in Nairobi, Kenya.

Kwara GmbH

Seed Round in 2023
Kwara GmbH develops a digital banking platform for savings and credit co-operative societies (SACCOs). The company offers a cloud-based platform, Kwara, which provides loans application servicing and approval for the members. It also provides integration services, customer support, real-time financial tracking, and compliance services. In addition, the company offers Kwara Pronto for loans management. The company was founded in 2018 and is based in Berlin, Germany. It has an additional office in Nairobi, Kenya.

Mr. Green Africa

Series B in 2022
Mr. Green Africa is a Nairobi-based recycling start-up whose vision is to change people’s perceptions towards waste equals value. This small company incorporates the concept of shared value—creating economic value while addressing social and environmental challenges—into its core, by harnessing the untapped potential of an existing informal waste management industry. Mr. Green Africa sells pre-processed recycling materials with a traceable social and environmental impact.

Mr. Green Africa

Series A in 2019
Mr. Green Africa is a Nairobi-based recycling start-up whose vision is to change people’s perceptions towards waste equals value. This small company incorporates the concept of shared value—creating economic value while addressing social and environmental challenges—into its core, by harnessing the untapped potential of an existing informal waste management industry. Mr. Green Africa sells pre-processed recycling materials with a traceable social and environmental impact.

Tanga Fresh Ltd.

Private Equity Round in 2007
Tanga Fresh Ltd. is a milk processing company that also produces cheese and yoghurt. The company is based in Tanga, Tanzania.

Jibu

Venture Round in 2019
Jibu provides a comprehensive, turn-key start-up package for local entrepreneurs to start their own neighborhood businesses by treating and packaging water in reusable bottles. 450 million East Africans do not have reliable access to safe drinking water. Jibu currently works within this emerging market in the Democratic Republic of the Congo, Rwanda and Uganda and plans to expand to surrounding countries in the coming years. Jibu provides seed-financing and support to equip East African entreprenerus with the materials needed to launch safe drinking water franchises. Jibu offers an opportuntiy for local entrepreneurs to make drinking water 75% cheaper than bottled water, at the same price as boiling water, but with the convenience of door-side delivery and the aspirational association with bottled water.

Mr. Green Africa

Venture Round in 2019
Mr. Green Africa is a Nairobi-based recycling start-up whose vision is to change people’s perceptions towards waste equals value. This small company incorporates the concept of shared value—creating economic value while addressing social and environmental challenges—into its core, by harnessing the untapped potential of an existing informal waste management industry. Mr. Green Africa sells pre-processed recycling materials with a traceable social and environmental impact.

Twiga Foods Ltd.

Private Equity Round in 2016
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.
Crop Nutrition Laboratory Services (CROPNUTS) is East Africa’s leading private agricultural services company. We provide our customers with world class laboratory, precision agriculture and soil fertility and fertilizer use advisory services. We partner with farmers to increase their profitability, by raising crop yields through better soil and fertilizer management, and by reducing their input costs through a combination of building healthy soils and adopting precision farming technology.

Prothem

Private Equity Round in 2012
Prothem is the first and only private tea factory in Burundi

Sendy Ltd

Seed Round in 2017
Sendy is a business-to-business platform that offers on-demand door-to-door package delivery services for small, medium, and large businesses. Its easy-to-use web platform enables users to schedule, track, and pay for all deliveries right from their computer. Sendy was established in 2014 and is headquartered in Nairobi, Kenya.

PowerGen Renewable Energy

Series A in 2016
Powergen Renewable Energy provides energy solutions to residential, community, commercial, government, and industrial customers in East Africa. The company offers microgrids and commercial and industrial solar consulting; development; engineering, procurement, and construction; operation and maintenance; and financing services. The company was founded in 2011 and is based in Nairobi, Kenya with additional offices in Arusha, Tanzania; Freetown, Sierra Leone; and Lagos, Nigeria.

Africa Logistic Properties

Venture Round in 2017
Africa Logistics Properties (ALP) is the first integrated property investment and development property company dedicated to the modern grade-A logistics and industrial sector in Africa. Based in Nairobi, the management team includes senior property professionals with 20 years of industrial investment experience in emerging markets. ALP is backed by global institutional investors.

Twiga Foods Ltd.

Series B in 2018
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.

The Joseph Initiative Ltd.

Acquisition in 2014
Joseph Initiative focuses on delivering bulk high quality agricultural produce to East African markets. It has developed and deployed an integrated supply chain for maize that stretches from village-level farm-gates across Western Uganda to high-value regional markets.

Bridge International Academies

Private Equity Round in 2009
Bridge International Academies is an operator of scholastic academy services used to provide education to underprivileged children. Its services provide lessons based on national curricula, develop in-depth teacher training and programs, and use cutting-edge wireless technology that enables underprivileged children to get the right education, free of cost, for a brighter future.

Ilara Health

Series A in 2020
Ilara Health brings accurate and affordable diagnostics to rural Africans through miniature, AI-powered diagnostic devices that are integrated via a proprietary technology platform and distributed directly to primary care doctors.

Natural Extracts Industries Ltd

Private Equity Round in 2019
Natural Extracts Industries Ltd manufactures vanilla and chocolate flavors ingredients. The company offers vanilla products, gourmet vanilla pods, and cocoa powder products, including Kilimanjaro Vanilla, Mbeya Cacao, Tanga Orange, Kibosho Coffee, and Kilombero Cinnamon under the brand EPICURIOUS HEDGEHOG. It also provides training services to farmers for vanilla crops. The company serves bakeries, dairy processors, cafes, and restaurants in East Africa, Europe, and North America. The company was founded in 2011 and is based in Moshi, Tanzania.