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Delta40

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, Africa-focused venture studio. Assets under management: ≈ USD 20m.

At a glance

Based on observed investment behaviour: 7 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Venture capital (inferred from deals)
Observed ticket
1.5 M$, median 1.5 M$ (1 disclosed amount)
Stated ticket : 100 k$ – 2 M$
Countries
Kenya (4), Cameroon (1), Nigeria (1)
Activities
Clean cooking (2), Agritech (1), Consulting and professional services (1)
Instruments
Equity (7)
Stages
Seed (6), Pre-Seed (1)
Recent activity
3 deals in 12 months, latest Aug 2026

Stated thesis versus observed behaviour

  • Sectors: 71% of its deals within its stated thesis
  • Countries: 71% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
100 k$ – 2 M$
Instruments
Equity
Preferred sectors
Fintech, Agribusiness, Energy, Logistics, E-commerce*, Business & personal services*
Target geographies
Kenya, Nigeria, Cameroon*, Uganda*

* added from its deals

Stages (stated by the fund and from its deals)
Pre-SeedSeed

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Flowt

August 2026 · Kenya
Pre-SeedUndisclosed amountEquityBusiness & personal servicesLead

Activity : Consulting and professional services

Kenyan financial intelligence startup Flowt has closed an undisclosed pre-seed funding round from Delta40 Fund I, Impacc and Argidius Foundation to expand its lending to climate-smart businesses across Africa.

Co-investors Argidius Foundation, Impacc

Source : weetracker.com

Instollar

April 2026 · Nigeria
SeedUndisclosed amountEquityEnergyLead

Activity : Off-grid solar and solar kits

Renewable-energy workforce platform that trains, certifies and deploys solar technicians across Africa.

Why they invested

  • Africa’s solar buildout is creating strong demand for skilled technicians.
  • Instollar standardises installation and maintenance execution.
  • The platform builds workforce infrastructure to support solar expansion.

Source : delta40.comN1 · Primary source

Eyango Food

April 2026 · Cameroon
SeedUndisclosed amountEquityAgribusinessLead

Activity : Agritech

Digital commodity-trading platform connecting smallholder farmers in Central and West Africa with international buyers. It covers sourcing, quality control and export documentation.

Why they invested

  • Digitisation of an underserved agricultural trade corridor.
  • Reducing intermediaries and improving farmers’ access to international markets.
  • Potential for regional expansion of cross-border agricultural trade.

Source : delta40.comN1 · Primary source

Samaking

November 2024 · Kenya
SeedUndisclosed amountEquityAgribusinessCo-Invest

Activity : Fisheries and aquaculture

Instrument : Early equity investment and follow-on investment

Company developing a fish retail chain and aggregation platform linking farmers and fisherfolk to markets. It aims to improve cold-chain infrastructure and market access.

Why they invested

  • Fish is positioned as a low-carbon protein source.
  • The model improves market access for smallholder farmers and fisherfolk.
  • Technology helps structure the supply chain and support franchise-based expansion.

Co-investors Kaleo Ventures

Source : delta40.comN1 · Primary source

PowerUp

April 2024 · Kenya
SeedUndisclosed amountEquityEnergyLead

Activity : Clean cooking

Company developing clean electric cooking appliances, including PAYGO electric stoves tailored to African markets.

Why they invested

  • Electric cooking can reduce the use of polluting cooking fuels.
  • The PAYGO model improves household access to electric cooking.
  • The product has large-scale deployment and carbon-credit potential.

Source : delta40.comN1 · Primary source

PowerUP

February 2024 · Uganda
SeedUndisclosed amountEquityEnergyLead

Activity : Clean cooking

PowerUP , a Uganda-based electric cooking start-up has announced initial close of its seed round led by Delta40 , the Nairobi-based venture studio and VC fund championing inclusive climate ventures with participation from Autodesk Foundation’s investment and pro bono support.

Co-investors Autodesk Foundation

Source : weetracker.com

In short

Delta40 invests tickets ranging from 100 k$ to 2 M$, across the following sectors: Fintech, Agribusiness, Energy, Logistics, E-commerce, and Business & personal services, in the following areas: Kenya, Nigeria, Cameroon, and Uganda. Check in 30 seconds whether your company fits these criteria.