Zipporah Gakuu

Investment Analyst

Toine Huijbers

Co-CEO and CFO

Vera Wachira

Investment Manager

Brigit van Dijk - van de Reijt

CEO

Past deals in Africa

Victory Farms

Series B in 2023
Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.

Kwara

Seed Round in 2023
Kwara is transforming credit unions into modern digital financial institutions, powered by an industry-leading core banking system and a modern mobile banking experience for credit union members. Backed by investors across Africa, Asia, Europe and the USA, Kwara currently serves 200+ SACCOs in Kenya, South Africa and the Philippines

Kentaste

Venture Round in 2022
Kentaste is a producer of all natural, locally sourced food and beauty products from coconut.

Zuri Health

Pre Seed Round in 2022
Zuri Health is a telemedicine company based in Nairobi, Kenya, established in 2020. It offers affordable and accessible healthcare solutions through a mobile app, website, and SMS services, catering to patients without smartphones and those in rural areas. Users can schedule lab and diagnostic tests, consult with doctors, purchase medications from pharmacies, and arrange home visits with qualified medical professionals. The platform also features an artificial intelligence-powered chatbot to enhance user experience and provide first-level medical consultations. Zuri Health aims to create a universally accessible healthcare experience for all individuals, regardless of their location or resources.

Laboremus Uganda

Venture Round in 2022
Laboremus Uganda delivers digital onboarding and KYC solutions for banks and fintechs in Africa.

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.

Zembo

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

Twiga Foods

Series C in 2021
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.

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 through a proprietary technology platform and distributed directly to primary care doctors.

Victory Farms

Venture Round in 2020
Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.

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.

Tanga Fresh

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

Moringa School

Venture Round in 2020
Moringa School provides software development, computer programming, android, software architecture, UI and UX, business fundamentals, python, version control, education, computer science, data science, devOps, corporate training, machine learning, r programming, full stack web development, front end development, devOps, and product design services.

Natural Extract Industries

Private Equity Round in 2019
NEI Ltd produces ethically sourced, sustainably grown, all-natural flavour extracts and flavour ingredients in Tanzania, and includes over 1,600 smallholder farmers in its supply chain.

PowerGen Renewable Energy

Series B in 2019
PowerGen is leading the clean energy transition in Africa as a developer, builder, and operator of solar mini-grids throughout the continent. PowerGen is backed by sector leaders including Shell, Acumen, Omidyar Network, Sumitomo, DOB Equity, ElectriFI, REPP, and the Rockefeller Foundation. PowerGen has pioneered the solar mini-grid sector in Africa and is a founding member of the Africa Mini-grid Developers Associaiton (AMDA).

Moringa School

Venture Round in 2019
Moringa School provides software development, computer programming, android, software architecture, UI and UX, business fundamentals, python, version control, education, computer science, data science, devOps, corporate training, machine learning, r programming, full stack web development, front end development, devOps, and product design services.

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.
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.

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.

Kentaste

Private Equity Round in 2018
Kentaste is a producer of all natural, locally sourced food and beauty products from coconut.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.

Sarura Commodities

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.

Sendy

Series A in 2018
Sendy Ltd. is a logistics platform based in Nairobi, Kenya, founded in 2014. The company specializes in providing door-to-door delivery services for e-commerce, facilitating logistics optimization for manufacturers and distributors, and connecting businesses with various transporters. Sendy's platform simplifies the delivery process by allowing businesses to schedule, track, and pay for deliveries in one place, while also offering cashless payment options through mobile technology. With thousands of companies utilizing its services, Sendy aims to empower businesses and individuals by making trade more accessible and efficient.

Sendy

Seed Round in 2017
Sendy Ltd. is a logistics platform based in Nairobi, Kenya, founded in 2014. The company specializes in providing door-to-door delivery services for e-commerce, facilitating logistics optimization for manufacturers and distributors, and connecting businesses with various transporters. Sendy's platform simplifies the delivery process by allowing businesses to schedule, track, and pay for deliveries in one place, while also offering cashless payment options through mobile technology. With thousands of companies utilizing its services, Sendy aims to empower businesses and individuals by making trade more accessible and efficient.

Twiga Foods

Series A in 2017
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.

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.

Countryside Dairy

Private Equity Round in 2016
Countryside Dairy Ltd. is a milk processing company established in 2014 and based in Nyahururu, Kenya. The firm specializes in processing and marketing pasteurized fresh milk products, catering primarily to the low-income market segment and institutional clients such as hospitals, hotels, and schools. With a daily processing capacity of approximately 100,000 liters, Countryside Dairy focuses on providing affordable dairy products to meet the needs of its target audience, thus playing a significant role in the local food industry.

Twiga Foods

Private Equity Round in 2016
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.

PowerGen Renewable Energy

Series A in 2016
PowerGen is leading the clean energy transition in Africa as a developer, builder, and operator of solar mini-grids throughout the continent. PowerGen is backed by sector leaders including Shell, Acumen, Omidyar Network, Sumitomo, DOB Equity, ElectriFI, REPP, and the Rockefeller Foundation. PowerGen has pioneered the solar mini-grid sector in Africa and is a founding member of the Africa Mini-grid Developers Associaiton (AMDA).

Copia Global

Funding Round in 2015
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.

The Joseph Initiative

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.

Waterbus

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

Prothem

Private Equity Round in 2012
Prothem-Usine s.a, also known as Prothem, is the first and only private tea factory in Burundi. The company focuses on producing black CTC (Crush, Tear and Curl) tea in various forms, including broken pekoe, pekoe fannings, pekoe dust, and dust and fanning colors. Prothem aims to support and enhance the livelihoods of smallholder farmers and local communities by providing a health-giving beverage to consumers. Through its operations, Prothem contributes to the economic development of the region while promoting sustainable agricultural practices.

M-KOPA

Private Equity Round in 2011
M-KOPA provides connected asset financing solutions for underbanked customers. Its platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services, and more.

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.

Tanga Fresh

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