Zephyr Acorn

Zephyr Acorn is a venture capital firm based in New York that focuses on providing equity financing and business support to early-stage companies in East Africa. Established in 2022, Zephyr Acorn aims to invest in innovative ventures across various sectors that demonstrate significant potential for growth and scalability throughout Africa and beyond. The firm's commitment to supporting these emerging businesses encompasses not only financial investment but also strategic assistance to enhance their operational capabilities and market reach.

Nonnie Burbidge

Investment Principal

Mike Mbari

Investment Principal

11 past transactions

Money254

Seed Round in 2022
Operator of a loan comparison platform intended to make financial decisions by creating transparency and equal access to financial and insurance product information. The company's platform aggregates and reviews financial products from established financial institutions, enabling customers to get a simple, fast and transparent way for users in Kenya to search and compare financial and insurance products.

4G Capital

Series C in 2022
4G Capital is a financial services provider based in Nairobi, Kenya, focused on delivering credit and financial literacy training to micro-enterprises in Africa. Established in 2013, the company specializes in offering unsecured loans to self-employed traders in low-income informal markets, including agriculture and household goods. By utilizing proprietary machine learning technology, 4G Capital generates insights from traditionally underrepresented sectors, enabling the design of tailored credit products that align with clients' business needs and financial capabilities. Clients benefit from both micro-loans and a customized training program aimed at maximizing their earnings. With loans accessible via mobile money within minutes, 4G Capital addresses the significant finance gap affecting micro and small enterprises, which contribute over 30% to Kenya's GDP. The company has achieved impressive metrics, including a collection rate exceeding 94% and a substantial impact on client revenues, particularly among women and rural entrepreneurs. With operations expanding in Uganda and plans for further growth across Africa, 4G Capital aims to enhance financial inclusion and support sustainable business development in the region.

Alvin

Pre Seed Round in 2022
Developer of personal finance application designed for money tracking and budgeting for the people of Africa. The company's application offers a smart money manager that uses automated budgeting, personalized offers, and applied behavioral game design strategies, helping customers to be accountable and align their daily spending behaviors with their savings goals.

Antara, Inc.

Seed Round in 2021
Antara, Inc. provides research and shop services for various health coverage and related products offered by third parties. The company offers appointment and referrals, physical therapy, fitness and nutritional support, medication services and home delivery, virtual care, care management support and follow up, health education, national hospital insurance funds (NHIF) enrollment, preventive healthcare, emergency transport, and other related services. The company was founded in 2019 and is based in Sanford, North Carolina.

Turaco

Seed Round in 2020
Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.

GET IT Rwanda

Series A in 2020
GET IT is providing produce and dry goods delivery services, including cold storage, beginning with hotels and restaurants. Through its focus on systems, training and superior execution, GET IT seeks to solve the deficiency of cold storage and logistics services in Rwanda and beyond. The company sources produce directly from farmers, cutting out several middlemen who add little value, providing higher quality products at lower cost. GET IT is also introducing new, high demand products to the East African market.

CanGo

Seed Round in 2019
CanGo is an on demand services company with a technology office in Nairobi and current operations in Kinshasa and Kigali.

Shortlist

Series A in 2019
Shortlist Professional Services Private Limited is an online recruitment platform founded in 2015 and headquartered in Mumbai, India. The company operates primarily in India and East Africa, focusing on helping growing enterprises hire candidates for junior to mid-level roles based on skills and potential, rather than traditional qualifications. To facilitate this, Shortlist utilizes predictive chat-based interviews and online competency assessments, which streamline the hiring process by allowing employers to bypass the most time-consuming and bias-prone phases. This innovative approach enables businesses to more effectively source candidates from local markets, enhancing the recruitment experience for both employers and job seekers.

Custos

Seed Round in 2017
Custos uses imperceptible watermarking technology and the blockchain to protect digital media files from online piracy. Our SaaS solution, Screenercopy.com, helps filmmakers and distributors to securely distribute their content. To date, over 120 000 movies have been distributed and protected with the technology, all without a single leak. Custos is already protecting ebooks too and is partnering with key market players to expand into music and sensitive document protection.

Shortlist

Seed Round in 2017
Shortlist Professional Services Private Limited is an online recruitment platform founded in 2015 and headquartered in Mumbai, India. The company operates primarily in India and East Africa, focusing on helping growing enterprises hire candidates for junior to mid-level roles based on skills and potential, rather than traditional qualifications. To facilitate this, Shortlist utilizes predictive chat-based interviews and online competency assessments, which streamline the hiring process by allowing employers to bypass the most time-consuming and bias-prone phases. This innovative approach enables businesses to more effectively source candidates from local markets, enhancing the recruitment experience for both employers and job seekers.

BitPesa

Series A in 2017
BitPesa Ltd., founded in 2013 and based in Karen, Kenya, is a digital currency exchange that specializes in converting Bitcoin to Kenyan Shillings. The company operates an online platform that utilizes blockchain technology to facilitate business payments and trade between Africa and global markets. BitPesa aims to lower transaction costs and enhance the speed of payments, making it easier for businesses in frontier markets to engage in international trade. By offering a streamlined solution for both cryptocurrency traders and businesses, BitPesa plays a crucial role in connecting African economies with suppliers and partners around the world.
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