Seedstars

Seedstars is a global initiative aimed at identifying and supporting emerging startups in fast-growing economies through its annual competition, Seedstars World. This competition spans over 50 cities, inviting technology-focused startups that are no more than two years old and have raised a maximum of $500,000 to participate. Following a rigorous selection process and local pitching events, one startup from each participating country is chosen to compete in the final event held in Geneva. Winners benefit from various prizes, including mentorship, equity investments, and access to acceleration programs. Additionally, Seedspace provides a collaborative environment designed to empower tech entrepreneurs, promoting innovation and collaboration across diverse boundaries to address complex global challenges.

Charlie Graham-Brown

Chief Investment Officer and Partner

Michael Weber

Managing Partner

Past deals in East Africa

Zuri Health

Grant in 2022
Zuri Health is a virtual hospital focused on delivering accessible healthcare solutions to patients across Sub-Saharan Africa. Through its mobile app, website, and an artificial intelligence-powered chatbot, Zuri Health allows users to consult with doctors, purchase medications, and book laboratory and diagnostic tests. The platform also offers telemedicine services and facilitates home visits from healthcare professionals. By providing these services via mobile technology, including SMS for those without smartphones, Zuri Health aims to reach individuals in rural and underserved areas, ensuring that affordable healthcare is accessible to a broader population.

Kiri EV

Grant in 2022
Kiri EV is a manufacturer of electric vehicles and charging systems focused on the Kenyan and East African markets. The company produces a variety of electric transportation options, including scooters, motorcycles, auto rickshaws, and carriers. Their vehicles incorporate advanced features such as direct current motor technology, antilock braking systems, customizable components, removable batteries, and silent motors. Kiri EV aims to demonstrate the viability and importance of electric vehicles in transforming transportation across the African continent, challenging the traditional motor industry in the process. By offering affordable and innovative solutions, Kiri EV seeks to promote the adoption of electric mobility in the region.

agriBORA

Grant in 2022
agriBORA builds an end-to-end ecosystem around farmers, bringing farming inputs, financial services, and the output market closer together. They balances the use of technology and human touch to de-risk smallholder agriculture systems and improve farm productivity and facilitate effective trading in collaboration with their partners.

Jumba

Pre Seed Round in 2022
Jumba is a construction technology platform that streamlines B2B construction material purchases and financing. The company provides a platform that allows companies to order materials and pay for them later. Cement, steel, paint, tiles, plumbing, electrical work, glass, kitchen finishes, and bathroom finishes are all available for purchase on the platform, which is geared toward hardware retail establishments. The company is situated in Nairobi, Kenya, and was established in 2022.

Kuunda

Seed Round in 2021
Kuunda operates a B2B advisory platform that focuses on providing financial services tailored for developing economies. The company offers a range of tools, including liquidity management and data insight solutions, which help clients meet their financial requirements through a digital interface. By enabling users to access liquidity, Kuunda supports underserved agents, merchants, and consumers, facilitating their ability to maintain their standard of living, grow their businesses, and enhance economic resilience. Additionally, Kuunda's platform promotes increased network productivity and expands the distribution of products, yielding tangible and measurable results for its clients.

Ando

Pre Seed Round in 2021
Operator of a cloud kitchen platform intended to build food brands for delivery. The company provides food via its in-house brands on its platform and also runs a dark-kitchen model for the delivery of its in-house menu, enabling food enthusiasts to select from a range of nearby restaurants and receive quick food delivery.

ZUMI

Venture Round in 2021
ZUMI, founded in 2016 and headquartered in Nairobi, Kenya, operates as an online magazine and a retail platform focusing on fashion, beauty, food, and lifestyle. The company connects apparel wholesalers with retailers, particularly empowering women entrepreneurs by offering technology, logistics, and financial services. ZUMI enables retailers to place orders through SMS, phone calls, or via ZUMI Agents, ensuring a seamless ordering process. Orders are collected from suppliers each morning, and logistics partners deliver products to customers within 18 hours of ordering. Payment is facilitated through mobile money, making the process efficient and accessible. Through its dual focus on content and commerce, ZUMI aims to provide a transparent and affordable marketplace for its users.

Mangwee

Grant in 2021
Mangwee Payment System offers mobile money transfer platform, which includes mobile money transfer, bill payments and subscription, bulk payments and bulk SMS’s, digitizing saving groups and Chilimba, village banking, and buying and selling platform services. The company was founded in 2016 and is based in Lusaka, Zambia.

UBI

Grant in 2021
UBI is a digital platform that connects you to the city, making your day-to-day simpler and more filled. the easiest way to find the best places in town to eat, drink, shop or visit.

Pezesha

Seed Round in 2020
Pezesha Africa Limited operates as a peer-to-peer micro-lending marketplace that connects lenders with underserved low-income borrowers, particularly micro-businesses. Founded in 2016 and based in Nairobi, Kenya, Pezesha utilizes data analytics to match creditworthy borrowers with lenders, facilitating access to affordable credit options. The platform aims to integrate various financial services, promoting a shared economy that benefits both borrowers and investors. By providing opportunities for small and medium-sized enterprises to access working capital, Pezesha plays a crucial role in incorporating these businesses into the formal financial system, thus supporting their growth and sustainability.

RideLink

Pre Seed Round in 2020
Operator of an e-logistics platform intended to provide logistics services to businesses. The company's platform provides peer-to-peer car, truck, and other vehicle renting services along with route optimization to create sustainable and affordable mobility, enabling clients to smoothly run business operations, increase revenue earning, improve mobility efficiency, performance, and the ability for businesses to tap into new markets.

BeneFactors

Seed Round in 2019
BeneFactors Ltd. is a Kigali-based factoring company that specializes in providing working capital solutions to small and medium-sized enterprises in Rwanda. Founded in 2017, BeneFactors offers tailored financial services that enable businesses to sell future payments from their buyers for immediate cash. This service allows companies to manage pending invoices or purchase orders, thus ensuring they can continue operations even if buyers delay payments. By facilitating access to cash, BeneFactors supports business growth and stability for its clients, allowing them to take on more clients and expand their operations without financial strain.

ZUMI

Seed Round in 2019
ZUMI, founded in 2016 and headquartered in Nairobi, Kenya, operates as an online magazine and a retail platform focusing on fashion, beauty, food, and lifestyle. The company connects apparel wholesalers with retailers, particularly empowering women entrepreneurs by offering technology, logistics, and financial services. ZUMI enables retailers to place orders through SMS, phone calls, or via ZUMI Agents, ensuring a seamless ordering process. Orders are collected from suppliers each morning, and logistics partners deliver products to customers within 18 hours of ordering. Payment is facilitated through mobile money, making the process efficient and accessible. Through its dual focus on content and commerce, ZUMI aims to provide a transparent and affordable marketplace for its users.

AgroCenta

Seed Round in 2018
AgroCenta was founded by two ex-esoko employees, Francis Obirikorang and Michael K. Ocansey in 2015 to improve the agricultural value chain in Ghana. Two critical problems within the value chain, which are the lack of an access to market for smallholder farmers in the rural areas, which subjected them to activities of exploitative, buying from middlemen and the lack of a coordinated truck delivery system to cart their commodities from farms to markets to sell. AgroCenta’s idea is to solve these age-old problems by introducing an online sales platform that connected smallholder farmers directly to an online market, which has wider geographic size, to sell their commodities. The end result? Exploitative buying was reduced to the barest minimum since farmers were in control of selling their commodities at prices that were favorable to them. Once a farmer gets offers from interested buyers, the problem of logistics and transportation were sorted using AgroCenta’s patent TrucKR solution that allowed the smallholder farmer in any remote village in Ghana access trucks at the click of a button. You can call it the uber for trucks. AgroCenta is changing the very lives of smallholder farmers by using technology to solve problems they encounter in agriculture.

AgroCenta

Seed Round in 2018
AgroCenta was founded by two ex-esoko employees, Francis Obirikorang and Michael K. Ocansey in 2015 to improve the agricultural value chain in Ghana. Two critical problems within the value chain, which are the lack of an access to market for smallholder farmers in the rural areas, which subjected them to activities of exploitative, buying from middlemen and the lack of a coordinated truck delivery system to cart their commodities from farms to markets to sell. AgroCenta’s idea is to solve these age-old problems by introducing an online sales platform that connected smallholder farmers directly to an online market, which has wider geographic size, to sell their commodities. The end result? Exploitative buying was reduced to the barest minimum since farmers were in control of selling their commodities at prices that were favorable to them. Once a farmer gets offers from interested buyers, the problem of logistics and transportation were sorted using AgroCenta’s patent TrucKR solution that allowed the smallholder farmer in any remote village in Ghana access trucks at the click of a button. You can call it the uber for trucks. AgroCenta is changing the very lives of smallholder farmers by using technology to solve problems they encounter in agriculture.

Jamii Africa

Seed Round in 2016
Jamii Africa is a provider of mobile micro-health insurance tailored for the low-income and informal sector. The company has developed a mobile policy management platform that automates 99% of insurance administration activities, significantly reducing costs and allowing for more affordable premium rates. Through strategic partnerships with Jubilee Insurance and Vodacom Tanzania, Jamii Africa facilitates cashless transactions for premium collection and benefit payouts, enhancing accessibility for its target market. Their platform not only manages the benefit ledger but is also integrated with mobile money and insurer systems, ensuring efficient service delivery. By offering customized insurance policies that provide access to various hospitals, Jamii Africa aims to meet the unique needs of underserved populations, promoting greater health coverage in the region.

iNuka Pap

Seed Round in 2016
iNuka Pap Limited operates a mobile platform that partners with savings and credit co-operatives (SACCOs) in Africa to provide members access to instant loans. The company was founded in 2014 and is headquartered in Nairobi, Kenya.

Jamii Africa

Seed Round in 2013
Jamii Africa is a provider of mobile micro-health insurance tailored for the low-income and informal sector. The company has developed a mobile policy management platform that automates 99% of insurance administration activities, significantly reducing costs and allowing for more affordable premium rates. Through strategic partnerships with Jubilee Insurance and Vodacom Tanzania, Jamii Africa facilitates cashless transactions for premium collection and benefit payouts, enhancing accessibility for its target market. Their platform not only manages the benefit ledger but is also integrated with mobile money and insurer systems, ensuring efficient service delivery. By offering customized insurance policies that provide access to various hospitals, Jamii Africa aims to meet the unique needs of underserved populations, promoting greater health coverage in the region.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.