Duro Ventures
Duro Ventures, founded in 2013 by Sundeep Ahuja in San Francisco, California, is a venture capital firm that invests in a diverse range of sectors including climate, consumer, healthcare, enterprise, commerce, and education. The firm is dedicated to supporting mission-driven founders and focuses on innovative areas such as enterprise AI, enterprise SaaS, healthcare IT, e-commerce, distributed energy, and blockchain-inspired technologies. With a portfolio that includes over 70 companies, Duro Ventures aims to foster growth and development in industries that have a significant impact on society.
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Past deals in Rwanda
Smile ID (formerly Smile Identity)
Seed Round in 2019
Smile Identity Inc. is a technology company based in San Francisco, California, that focuses on identity verification solutions. Founded in 2016, the company has developed an application called SmartSelfie, which allows users to create a universal biometric for authentication on Android devices. The team comprises engineers and financial services professionals from both the United States and Africa, bringing expertise in global markets with a focus on highly regulated environments. Smile Identity has developed advanced encryption, authentication, and security solutions, as well as image processing technology. The company has experience working with telecoms, lenders, banks, and startups, enabling them to understand the unique challenges faced by consumers and enterprises in Africa. With support from prominent investors in Silicon Valley and Africa, Smile Identity has established a pan-African presence, operating in countries such as South Africa, Nigeria, Kenya, Ghana, and Rwanda.
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