Safaricom

Safaricom is a leading telecommunications company based in Nairobi, Kenya, founded in 1997. It provides a comprehensive range of integrated services, including mobile and fixed voice, data, SMS, and internet connectivity. The company is well-known for its mobile banking service, M-Pesa, which has become a crucial financial tool for many users. In addition to telecommunications services, Safaricom offers various devices such as mobile handsets, tablets, and broadband modems. Its diverse offerings also encompass managed Wi-Fi solutions, IT consultancy, and virtual collaboration tools, catering to both individual and corporate customers. The majority of Safaricom's revenue is generated from voice services, mobile data, and M-Pesa transactions, positioning it as a key player in the telecommunications sector in East Africa.

George Njuguna

Director and CIO

Wim Vanhelleputte

CEO

11 past transactions

Circle Gas

Corporate Round in 2020
Circle Gas Limited is a provider of LPG cylinder distribution, focused on improving energy access for clean cooking in Africa. Established in 2018 and headquartered in London, with additional offices in Kenya, Tanzania, and China, the company aims to offer a reliable and affordable supply of LPG fuel to low-income households. By employing innovative smart metering technology and advanced distribution logistics, Circle Gas facilitates a cleaner alternative to harmful cooking fuels such as charcoal and kerosene. This approach not only enhances cooking safety but also contributes to reducing CO2 and black carbon emissions. The company is dedicated to building a commercially viable business that aligns with the United Nations’ Sustainable Development Goals, attracting investment from both corporate entities and individual stakeholders.

M-Pesa

Corporate Round in 2019
M-Pesa is a mobile financial service that offers a fast, secure, and convenient way to conduct transactions, primarily in Tanzania. Developed by Vodafone, M-Pesa caters to millions of individuals who either lack access to traditional banking or have limited banking options. The service enables users to send and receive money, top up airtime, make bill payments, receive salaries, and access short-term loans, among other financial activities. By providing an affordable and reliable platform for mobile transactions, M-Pesa plays a significant role in enhancing financial inclusion for underserved populations.

AJUA

Series A in 2018
AJUA, formerly known as mSurvey, is a mobile survey platform that facilitates customer feedback through real-time mobile survey conversations. Founded in 2012 and headquartered in San Francisco, with additional offices in Nairobi, Kenya, and Lagos, Nigeria, AJUA serves businesses across Africa and the Caribbean. The platform provides a dashboard that summarizes survey interactions, enabling companies to gain insights into customer preferences and behaviors. By leveraging its technology, AJUA helps businesses reduce customer churn, enhance service quality, and improve their Net Promoter Score. The company focuses on creating effective communication channels between businesses, their employees, and customers, addressing the challenges of customer service and market research in local contexts.

iProcure

Venture Round in 2017
iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-time agent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.

Lynk Jobs

Seed Round in 2017
Lynk Jobs Limited operates a digital platform that connects informal workers, such as artisans and service providers, with households and businesses seeking their services. Founded in 2015 and headquartered in Nairobi, Kenya, Lynk facilitates the recruitment of professionals across various categories, including cleaning, plumbing, carpentry, and wellness services. Users can describe their project needs, receive quotes from verified professionals, and manage logistics through the platform. Lynk addresses the challenges faced by informal workers by providing them with job security, fair wages, and opportunities for skill development. Additionally, the company offers training courses focused on personal and professional growth, further enhancing the capabilities of the workers in its network.

FarmDrive

Venture Round in 2017
FarmDrive Limited is a technology company based in Nairobi, Kenya, focused on providing alternative credit scoring for smallholder farmers in Africa. Founded in 2014, the company collects and aggregates various alternative datasets to build credit scores, helping to bridge the data gap that often hinders financial institutions from lending to creditworthy farmers. By utilizing mobile technology and machine learning, FarmDrive connects these farmers to essential financial services such as loans, digital payments, insurance, and savings. In addition to empowering farmers, the company offers products and services to financial institutions, aiding them in expanding their agricultural portfolios while managing risks and reducing operational costs. Through its innovative approach, FarmDrive aims to enhance access to financial resources for underserved rural clients, thereby fostering sustainable and profitable farming businesses.

TotoHealth

Seed Round in 2016
The majority of Africans do not have access to adequate maternal and child care due to inadequate resources and medical practitioners (per every mother) thereby delaying detection of disability to heights that diminish the benefits of any intervention. Totohealth is revolutionizing maternal and child health industry by leveraging mobile technology platforms. It allows parents and caregivers to monitor the development of their child using the electronic set of Totohealth’s disability indicators and linking them to the right health care service providers for specialized care, treatment and guidance.

Eneza Education

Venture Round in 2016
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.

AJUA

Seed Round in 2016
AJUA, formerly known as mSurvey, is a mobile survey platform that facilitates customer feedback through real-time mobile survey conversations. Founded in 2012 and headquartered in San Francisco, with additional offices in Nairobi, Kenya, and Lagos, Nigeria, AJUA serves businesses across Africa and the Caribbean. The platform provides a dashboard that summarizes survey interactions, enabling companies to gain insights into customer preferences and behaviors. By leveraging its technology, AJUA helps businesses reduce customer churn, enhance service quality, and improve their Net Promoter Score. The company focuses on creating effective communication channels between businesses, their employees, and customers, addressing the challenges of customer service and market research in local contexts.

Sendy

Venture Round in 2015
Sendy Ltd. is a logistics platform based in Nairobi, Kenya, founded in 2014. The company specializes in providing on-demand door-to-door delivery services tailored for businesses of all sizes, including small, medium, and large enterprises. Through its user-friendly web platform, Sendy enables businesses to schedule, track, and pay for deliveries efficiently. The platform connects users with multiple transporters, allowing manufacturers and distributors to optimize their logistics operations. Additionally, Sendy offers features such as cashless payments and reporting tools, helping businesses manage their logistics more effectively and reduce costs.

YuMobile

Acquisition in 2014
Essar Telecom Kenya operates yuMobile, a mobile cellular network launched in December 2008. Based in Nairobi, yuMobile quickly established itself as Kenya's fourth mobile network, achieving nationwide coverage within ten months of its launch. The network currently serves over 3 million subscribers and is known for offering competitive rates. YuMobile provides a range of services, including SIM cards, international dialing, SMS offers, internet services, roaming options, and internet-based chat, all designed to ensure clear and reliable communication for its users. The company's focus on innovative products aims to enhance the convenience and quality of life for its subscribers.
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