The Top 10 VC Firms In Kenya [2021]

The Top 10 VC Firms In Kenya [2021]

Are you looking for a VC firm for your Kenya based startup?

Finding the right investment firm for your startup can be a daunting task.

There are a number of successful venture capital firms in Kenya, and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. TLcom Capital

  • Location: Nairobi, Kenya, Lagos, Nigeria, London
  • Industries: Technology
  • Investment Range: $500K - $10M
  • Stage: Seed Stage
  • Companies invested in:Andela, Twiga, Ajua, Shara, Pula, Ilara Health, Autocheck, Media Lario, Persado, Upstream.

TLcom invests in early to growth-stage companies focusing on Technology. The venture capital invests between $500k and $10M in fast-growth technology-enabled businesses. From semiconductor manufacturing to mobile solutions and services, TLCom Capital remains committed to ensuring adequate financial support in order to uplift the performance of target companies.

Learn more about TLcom Capital ➜

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2. AFZA Capital

  • Location: Nairobi, Kenya, London, Chicago
  • Industries: MedTech, FinTech, Agriculture, Education
  • Investment Range: $25K - $250K
  • Stage: Seed Stage
  • Companies invested in:Daktari Africa, Popote pay

AFZA Capital invests in early-stage companies that have social impact and have shown a positive growth potential. The AFZA capital team provides assistance in entrepreneurial efforts that transform industries and societies, helping the startups become the backbone of emerging economies.

The VC firm offers from $25K to $250K as investments in each early-stage venture it selects.

Learn more about AFZA Capital ➜

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3. Savannah Fund.

  • Location: Nairobi, Kenya, Arusha, Tanzania, Cape Town, SA
  • Industries: Technology
  • Investment Range: $50K - $1M
  • Stage: Seed Stage
  • Companies invested in:Africa Courier Express, Aerobotics, CardPlanet, Copia, eBanqo, flexclub, eneza education, Kola Studios.

Savannah Fund is a seed capital fund investing between $50K and $1M in early-stage high growth technology startups. The Savannah fund targets startups in web and mobile technologies, and connects the startups to a mentor network and local technical assistance.

To achieve the objectives, the Savannah Fund is managed by a technology-savvy team with experience in running accelerator programs successfully.

Learn more about Savannah Fund. ➜

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4. Angumi Global Capital

  • Location: Nairobi, Kenya
  • Industries: Real estate, hospitality, infrastructure software, SaaS and data services, marketing tech, and healthcare sectors
  • Investment Range: $1M - $100M
  • Stage: Seed Stage

Angumi Global Capital invests in high-growth companies and disruptive B2B founders, focusing on infrastructure software, SaaS and Data Services, Marketing Tech, fintech, and Healthcare.

The VC firm investment is in the range of $1Million for seed capital and up to $100M for growth equity. Besides financial investment, the VC firm offers vertical leadership, go-to-market expertise, and connection to a global network.

Learn more about Angumi Global Capital ➜

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5. Novastar Ventures Ltd

  • Location: Nairobi, Kenya, Lagos, Nigeria
  • Industries: Healthcare, Agri-business, Food, and Water
  • Investment Range: $250K - $8M
  • Stage: Seed Stage
  • Companies invested in:Elephant, GreenPath, ignitia, iProcure, Komaza, Moko Furniture, mPharma, New Globe.

Novastar Ventures supports exceptional entrepreneurs creating and growing breakthrough businesses.

The VC firm invests in startup and early-stage companies focusing on healthcare, Agri-business, food, and water sectors, with investments in the range of $250K and $8M.

Learn more about Novastar Ventures Ltd ➜

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6. Enza Capital

  • Location: Nairobi, Kenya
  • Industries: Information Technology
  • Investment Range: Up to $1M
  • Stage: Seed Stage
  • Companies invested in: Sendy

Enza Capital backs founders and teams using technology to offer meaningful solutions and improve livelihood.

The VC firm invests up to $1Million in startups and provides entrepreneurial guidance along with operations expertise to the funded startups.

Learn more about Enza Capital ➜

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7. Cornerstone Enterprises

  • Location: Nairobi, Kenya
  • Industries: ICT
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Wananchi Group

East Africa Capital is an investment advisory and business facilitation firm specializing in building the right local infrastructure and support systems to help startups' ideas reach fruition.

The management team at East Africa Capital has a number of years in finance, capital markets, and private equity. Therefore, East Africa Capital ensures they maintain secure systems and controls, guaranteeing the success of startups.

Learn more about Cornerstone Enterprises ➜

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8. FSD Kenya

  • Location: Nairobi, Kenya
  • Industries: sector agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in:Sofala Capital, MFS Africa, and more

FSD Kenya invests in startups that build solutions geared towards supporting Kenya’s long-term development goals.

Working closely with the government, financial services industry, and other partners, FSD Kenya seeks to support companies that better address the challenges facing minority groups.

The VC firm offers capital in the form of guarantees, equity, and quasi-equity.

Learn more about FSD Kenya ➜

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9. Saviu Ventures

  • Location: Nairobi, Kenya, Mauritius, Paris
  • Industries: Mobility, Fintech, and E-Commerce
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in:Kamtar, Paps, Swyft, and others

Saviu Ventures invests in profitable early-stage and series A startups focusing on mobility, fintech, and E-Commerce.

The venture capitalist does both the convertible notes and equity investment types. The team at Saviu Ventures helps startups when it comes to setting up strong human resources, crafting winning strategies, fundraising, and financing operations.

Learn more about Saviu Ventures ➜

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10. SUNU Capital

  • Location: Nairobi, Kenya
  • Industries: Agriculture, Consumer Non-Durables, Logistics, Pharmaceuticals, Retail, Software, Transportation
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in:Sendy, Neopenda, FarmDrive

SUNU Capital is an early-stage venture capital investment in companies that focus on creating a more prosperous, inclusive, and self-sustaining future.

The VC firm focuses on helping early-stage startups in creating a more prosperous, and inclusive self-sustaining future.

Learn more about SUNU Capital ➜

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