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Top 19 VC Funds and Angel Investors in Kenya

Writer's picture: Sotirios SeridisSotirios Seridis

Since the first undersea internet cable was installed, the tech scene and inadvertently the startup ecosystem in Kenya has come a long way. Though relatively young, Kenya has been able to take the position of third-best in Africa and position itself as one of Africa's "big four" startup hubs alongside Egypt, Nigeria, and South Africa. With at least 300 startups operating in various sectors, Kenyan entrepreneurs are creating groundbreaking solutions for their communities that they want to grow globally, and garnering significant attention from investors worldwide. In this article, we have compiled a comprehensive list of the Top Venture Capitalist Funds and Angel Investors in Kenya who may be the right funding partner for you.




VCs and Angel investors in Kenya
VCs and Angel investors in Kenya


Venture Capitalist Funds in Kenya


The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.



  • Year of Inception: 2013

  • Stage: Seed

  • Focus: Energy, Agriculture, Mobility, Waste

  • Notable Portfolio: Sistema.bio, Ampersand, Odyssey, Clean Crop Technologies

  • Contact


Factor[e] Ventures is a venture capital firm/venture builder that seeks to invest in and assist individuals and ideas that transform energy, agricultural, mobility, and waste concerns into de-carbonized solutions for emerging and frontier markets. They are highly hands-on and provide entrepreneurs with the expertise, tools, and resources firms require to expand their operations and make a worldwide impact.



  • Year of Inception: 2012

  • Stage: Seed

  • Focus: Technology

  • Notable Portfolio: Copia, Knabu, Orbit Health, Sendy, StorkBrands, Moringa School

  • Contact


Savannah Fund is a seed capital fund that invests in early-stage technology (web and mobile) firms in Sub-Saharan Africa. The fund aims to close the investment gap in Africa by providing firms with funds, mentor networks, and technical assistance from both local and Silicon Valley experts.



  • Year of Inception: 2001

  • Stage: Seed, Series A

  • Focus: Agriculture, Education, Energy, Financial Inclusion, Health, Housing, Water & Sanitation, Workforce Development

  • Notable Portfolio: Akili Network, CropSafe, Easy Solar, Esoko, First Access

  • Contact


Acumen was formed with the goal of using the power of entrepreneurship to create a future in which everyone has the opportunity to live with dignity, and where every human being has the same potential. They make early-stage investments in firms with solutions that can help the underprivileged to change their lives. They also provide their firms with the resources, networks, technical help, and strategic leadership they require to grow.



  • Year of Inception: 2018

  • Stage: Seed, Series A

  • Focus: Fintech, Health, New Retail, Transport and Logistics

  • Notable Portfolio: Halan, A Pay, Gona

  • Contact


Shaka Ventures invest in early-stage startups and provide not only capital but also worldwide outreach, a user base, and technical help to African companies. Portfolio companies can leverage their access to a vast network of mentors, advisors, and investors, as well as relationships with local communities, multinational businesses, and government authorities to grow their startups.



  • Year of Inception: 1994

  • Stage: Seed, Series A

  • Focus: FinTech, Logistics, Agribusiness

  • Notable Portfolio: AsokoInsight, Shortlist, Kutuma, AntaraHealth

  • Contact


Zephyr Acorn invests in and supports early-stage technology-enabled firms in East Africa. They strive to invest in areas revolving around digitization of traditional business models, utilization of technology, innovation in product and service distribution, and introduction of new products and services. As part of their portfolio, they actively support firms in areas such as capital raising, finance and financial planning, strategy, recruiting, new market entrance, and governance to help them grow.



  • Year of Inception: 2020

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Daktari Africa, Popote Payments

  • Contact



AFZA Capital seeks to assist and invest in early-stage businesses that have a positive social impact. They not only provide capital but also strive to provide a comprehensive support structure to help improve the performance of firms.



  • Year of Inception: 2017

  • Stage: Seed, Series A, Series B

  • Focus: Sector Agnostic

  • Notable Portfolio: Jumba, Cinch, Utu, Stack, Fingo, African Originals

  • Contact


Chandaria Capital invests in, advises, and collaborates with entrepreneurs to build significant businesses that can alter the continent. They take a hands-on approach to assist entrepreneurs in honing their abilities and growing their businesses through coaching, consulting, education, mentorship, and networking. They will help portfolio companies to improve their basis and maximize their potential, as well as provide valuation support and network to help secure the next round of funding.



  • Year of Inception: 2006

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Financial Services, Food & Agriculture, Mobility & Logistics, High Impact

  • Notable Portfolio: Copia, Sendy, Origen Fresh, Asante Financial Services Group

  • Contact


Goodwell was formed with the goal of "doing well by doing good." As such, they have become a forerunner in the impact investment industry, focusing on financial inclusion and inclusive growth in industries that provide essential products and services as well as income creation possibilities to neglected areas. They provide their portfolio firms with capital and unrivaled local knowledge, as well as access to expertise and markets across the African continent and beyond to grow businesses and impact.



  • Year of Inception: 2011

  • Stage: Series A, Series B, Series C

  • Focus: IoT, Sustainable Solutions, Financial Services, Mining

  • Notable Portfolio: Fuzu, Sanergy, Koko, Poa! Internet, Effco

  • Contact


Beginning as a registered investing club, Cornerstone Enterprises have now grown into a seasoned venture capital firm in Kenya. They take a hands-on approach to investing and assisting investee firms in achieving sustainable and meaningful growth. They provide an array of support, including investor and valuation support, sales and marketing, business strategy, and corporate advisory.



  • Year of Inception: 2014

  • Stage: Series A, Series B, Series C

  • Focus: Sector Agnostic

  • Notable Portfolio: GreenPath, BasiGo, Komaza, iProcure, mPharma

  • Contact


Novastar Ventures is an Africa-focused venture capital firm that aims to drive the entrepreneurial revolution to alter African markets and sectors for the betterment of people and the planet. Their funds are dedicated to assisting businesses that supply critical products and services in novel ways and boosting planet-friendly ideas and technology.



  • Year of Inception: 2011

  • Stage: Series A, Series B, Series C

  • Focus: Social Impact

  • Notable Portfolio: BURN Manufacturing, Alive & Kicking, ED Partners

  • Contact


With the belief that enterprises have the capacity to eradicate poverty, Yunus Social Business is an organization that turns donations into investments in social enterprises. Founded by Peace Nobel Laureate Prof. Yunus and Saskia Bruysten, the philanthropic venture fund invest in and provide support for social enterprises that employ, educate, offer healthcare, and supply clean water and electricity to nearly 13 million people in East Africa, Latin America, and India. Donations are converted into investments in social enterprises, which we reinvest indefinitely, enhancing the effect each time.



  • Year of Inception: 2014

  • Stage: Series A, Series B, Series C

  • Focus: Social Impact

  • Notable Portfolio: Drink Well, Give Directly, Builher, Babban Gona, Lively Midns

  • Contact


The Global Innovation Fund is a registered charity and a non-profit innovation fund that supports innovations with the potential for large-scale social impact via grants, loans (including convertible debt), and equity investments. They are focused on resolving critical development issues in low- and lower-middle-income nations and improving the lives of the world's poorest people. As such, they invest in the creation, rigorous testing, and scaling up of innovative products, services, business processes, or policy changes that are more cost-effective than existing practices.



  • Year of Inception: 1999

  • Stage: Series A, Series B, Series C

  • Focus: Technology

  • Notable Portfolio: Twiga Foods, Ajua, Andela, Kobo 360, Terragon, Ilara Health, Shara

  • Contact


TLcom Capital invests in and collaborates with entrepreneurs who are using technology to find market solutions to significant challenges; transforming traditional industries and creating new ones. Beyond capital, they mobilize their resources, expertise, and network to provide strategic, operational, and financial assistance for investee firms to build and implement better business models in broad markets.



  • Year of Inception: 2017

  • Stage: Series A, Series B, Series C

  • Focus: Technology

  • Notable Portfolio: Koko, Mono, Workstyle, Lynk, Appzone, Carry1st

  • Contact


Lateral Capital is a mission-driven venture capital firm that seeks to serve as a long-term partner for visionary entrepreneurs who are developing essential technologies for Africa. They make investments in technology-enabled firms that successfully tackle important pain points in critical industries such as finance, energy, education, and healthcare.




Angel Investors in Kenya


The Angel investors listed below are part of an Angel community located throughout Kenya. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.


  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio:

  • Contact


Kenya Investment Network is an angel investment platform where founders can pitch their projects and state their funding requirements in order to find angels. The platform also allows founders to browse through a number of angel investor members on the website and contact them directly.



  • Stage: Pre Seed, Seed

  • Focus: Sector Agnostic

  • Notable Portfolio: Mosmos, AMP, Rescue,co, Uncover, BuuPass, Rubyx

  • Contact


NaiBAN is a community of technology-enabled startup founders, entrepreneurs, professionals, and tech enthusiasts who support and invest in tech startups. Made up of over 100 business angels, their aim is to be entrepreneur-first investors who actively promote startups by providing advice, contacts, and capital for founders.



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact


ABAN, standing for African Business Angel Network, is the largest pan-African association of angel investment networks with over 56 member networks in more than 40 African countries and the Diaspora. They exist as the contact point for various networks, in which founders may browse through their network directory to find relevant networks in their region.



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: Betty, Bankly, Kwik, Migo, Omnibiz, Oze

  • Contact


Rising Tide Africa is a collection of female angel investors that leverage their influence, network, and wealth to positively affect and actively create a New Africa. They manage an investment pool that focuses on early-stage, digitally, and technologically-enabled enterprises, that are largely female-owned, female-led, or have gender-diverse leadership and management teams. Aside from capital, they provide coaching, training, networking, and further investment support to investee firms.



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: Rology, Chpter

  • Contact


Founded in 2017, Viktoria Business Angels Network (VBAN) aims to bridge the gap between entrepreneurs and angel investors and facilitate the investment flow. They syndicate local and international investor capital into seed-stage investments in East African startups, particularly in entrepreneurs whose firms are making a significant contribution to resolving sector-wide issues in their core industry.




Closing Thoughts on VCs and Angel Investors in Kenya


As a result of a large population with access to technology, a rising number of active investors, and an expanding number of support groups; the Kenyan startup ecosystem has achieved significant progress. Despite recent economic challenges and an overall worldwide downturn, the ecosystem continues to achieve robust year-on-year growth; demonstrating the resilience and significant market potential of the country.


Find VCs and Angel Investors in Africa and worldwide:




Frequently Asked Questions on VCs and Angel Investors in Kenya



How do venture capital firms evaluate Kenyan startups?


Investors assess market potential, team expertise, technological innovation, and scalability across East Africa. Key evaluation metrics include revenue traction, customer acquisition costs, product-market fit, and growth strategies, particularly in sectors like fintech, agtech, and mobile commerce solutions.



What investment stages do Kenyan VCs typically focus on?


The funding landscape spans seed through Series B, with local VCs predominantly focusing on early-stage investments (seed to Series A). International venture funds and impact investors often lead growth-stage rounds, especially in sectors like clean energy, healthtech, and digital platforms.



How can entrepreneurs connect with angel investors in Kenya?


Founders can access investors through organizations like ABAN Kenya, Viktoria Ventures, local accelerators, pitch competitions, and innovation hubs. Key networking opportunities include Nairobi's tech ecosystem events, Africa-focused startup summits, and regional VC conferences.



What are typical investment ticket sizes in Kenya's VC landscape?


Angel investments generally range from KES 1 million to KES 10 million, while seed rounds typically fall between KES 10 million and KES 50 million. Series A investments often start at KES 100 million, with growth-stage rounds reaching KES 500 million or more.



What support beyond capital do Kenyan VCs and angels provide?


Investors offer strategic mentorship, operational expertise, market access, and pan-African networking opportunities. They assist with talent acquisition, regulatory compliance, international scaling, and follow-on funding access, leveraging Kenya's position as East Africa's leading startup ecosystem.






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