Fund manager (General Partner), early stage venture capital in Africa. Assets under management: ≈ USD 92m.
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
- 2.7 M$ – 11 M$, median 5.6 M$ (4 disclosed amounts)
- Stated ticket : 250 k$ – 3 M$
- Countries
- Ghana (2), Côte d'Ivoire (1), Kenya (1)
- Activities
- Power transmission and distribution (2), Agricultural inputs and services (1), Digital lending and scoring (1)
- Instruments
- Equity (7)
- Stages
- Series A (4), Growth (1), Seed (1)
- Recent activity
- 0 deal in 12 months, latest Oct 2025
Stated thesis versus observed behaviour
- Sectors: 86% of its deals within its stated thesis
- Countries: 43% of its deals within its stated thesis
- Ticket: 25% of its deals within its stated thesis
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 250 k$ – 3.7 M$*
- Instruments
- Equity
- Preferred sectors
- Fintech, SaaS, E-commerce, Logistics, Energy, Agribusiness*
- Target geographies
- Senegal, Côte d'Ivoire, Kenya, Nigeria, DRC, Ghana*, Rwanda*, Tanzania*
* added from its deals
- Stages (stated by the fund and from its deals)
- SeedSeries AGrowth
Recent public deals: they say better than a thesis what the fund actually signs.
Series A7.5 M$EquityFintechCo-Invest
Activity : Digital lending and scoring
Vehicle : Seedstars Africa Ventures
Kuunda provides a B2B Lending-as-a-Service platform embedding credit and working capital for mobile-money agents and SMEs.
Why they invested
- Addressing the financing gap for SMEs and agents
- Credit embedded directly into payment platforms
- Regional expansion of financial inclusion
- Model based on transaction data
Co-investors 4Di Capital, Accion Ventures, E4E Africa, Nedbank, Portugal Gateway Fund
Source : accion.org
GrowthUndisclosed amountEquityEnergyCo-Invest
Activity : Electric mobility
Vehicle : Seedstars Africa Ventures
Ampersand develops electric motorcycles and a battery-swapping and charging network for motorcycle-taxi drivers in East Africa.
Why they invested
- Commercially deployed product in East Africa
- Capital-efficient business model
- Team execution capacity in an emerging market
- Impact on clean mobility and driver economics
Co-investors British International Investment, Gaia Impact, Raspberry Syndicate, Rwanda Green Fund
Source : ampersand.energy
Series A11 M$EquityFintechCo-Invest
Co-investor alongside P1 Ventures
Activity : Money transfer and remittances
Raenest provides multi-currency accounts and financial services enabling African individuals and businesses to transact across borders.
Why they invested
- Improve Africans' access to global financial services
- Deepen operations in Nigeria
- Strengthen presence in Kenya
Co-investors Norrsken22, QED Investors, Ventures Platform
Source : avca.africa
Series AUndisclosed amountEquityEnergyCo-Invest
Co-investor alongside Partech Africa
Activity : Power transmission and distribution
Vehicle : Partech Africa
Beacon Power Services provides data and grid management solutions (AI-enabled mapping, real-time monitoring) to help African power distribution utilities operate more efficiently.
Why they invested
- Digitalization of African power utilities, an underinvested sector
- Multi-country presence (Nigeria, Ghana, Kenya, Zambia)
- Co-investment with DFIs (Proparco, Finnfund)
Co-investors Clermount, Finnfund, Gaia Impact, Global Brain, JGC MIRAI Innovation Fund, Kaleo Ventures, On.Capital, Proparco
Source : partechpartners.comN1 · Primary source
3.7 M$EquityAgribusinessLead
Activity : Agricultural inputs and services
Instrument : Tour pré-série A mixte dette et capital · Vehicle : Seedstars Africa Ventures
Shamba Pride digitises agricultural input distribution through a network of local shops and digital services for smallholder farmers.
Why they invested
- Digitisation of agricultural input distribution
- Expansion of the merchant network in Kenya
- Improved access to inputs and services for smallholder farmers
- Potential expansion into other East African markets
Co-investors EDFI AgriFI
Source : techcrunch.com
Seed2.7 M$EquityEnergyLead
Activity : Power transmission and distribution
Vehicle : Seedstars Africa Ventures
Beacon Power Services provides software and data solutions to improve electricity-grid management and efficiency across Africa.
Why they invested
- Improving energy efficiency of African grids
- Local technology addressing energy infrastructure challenges
- Expansion potential beyond Nigeria and Ghana
- Climate impact through reduced grid losses
Co-investors Factor[e] Ventures, Verod-Kepple Africa Ventures, Oridun Capital Management, Persistent Energy
Source : techcrunch.com
Series AUndisclosed amountEquityFintechCo-Invest
Activity : Fintech infrastructure (APIs, open banking, BaaS)
Instrument : Tour de 5 Md FCFA · Vehicle : Seedstars Africa Ventures Fund 1
Bizao provides payment aggregation infrastructure for corporates and fintechs in Francophone Africa.
Why they invested
- Digitalisation of payments in Francophone Africa
- Interoperability between payment methods
- Growth in digital financial-services adoption
- Regional scalability of the platform
Co-investors Adelie, AfricInvest
Source : undp.org
Seedstars Africa Ventures invests tickets ranging from 250 k$ to 3.7 M$, across the following sectors: Fintech, SaaS, E-commerce, Logistics, Energy, and Agribusiness, in the following areas: Senegal, Côte d'Ivoire, Kenya, Nigeria, DRC, Ghana, Rwanda, and Tanzania. Check in 30 seconds whether your company fits these criteria.
