Silicon Valley accelerator and seed investor, active in Africa through its batches (Triply in Kenya, winter 2024). Standard deal for every accepted company: USD 500k in total — USD 125k for 7% on a post-money SAFE and USD 375k on an uncapped SAFE with a most-favoured-nation (MFN) clause, which takes the best terms issued before the next priced round. Technology companies across sectors.
Based on observed investment behaviour: 13 recorded deals
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Criteria published by the fund, recorded and checked by Invest Matching.
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Recent public deals: they say better than a thesis what the fund actually signs.
Co-investor alongside Norrsken22
Activity : Enterprise software (SaaS)
Lua has raised $5.8 million in a seed round led by Norrsken22, with participation from Flourish Ventures, 20VC, P1 Ventures, Phosphor Capital, and Y Combinator, alongside angel investors including Privy CEO Henri Stern, Opendoor CEO Kaz Nejatian, and Nuitee CEO Med Benmansour.
Co-investors 20VC, Flourish Ventures, P1 Ventures, Phosphor Capital
Source : techinafrica.com
Co-investor alongside Bowery Capital
Activity : Regtech, identity and fraud prevention
Rulebase, a Nigerian-founded startup tackling compliance and back-office automation in financial services, has raised a USD 2.1 M pre-seed round led by Bowery Capital, with participation from Y Combinator, Commerce Ventures, Transpose Platform VC, and several angels.
Co-investors Commerce Ventures, Transpose Platform VC
Source : weetracker.com
Co-investor alongside Novastar Ventures
Activity : Online retail
Chowdeck, the YC-backed Nigerian on-demand delivery platform, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana.
Co-investors AAIC, GFR Fund, HoaQ, Kaleo Ventures, Rebel Fund
Source : techcabal.com
Co-investor alongside Gradient Ventures
Activity : Cloud and software infrastructure
Cape Town-Born Cerebrium Raises $8.5M to Power the Future of Real-Time AI.
Co-investors Authentic Ventures
Source : launchbaseafrica.com
Co-investor alongside Peak XV Partners
Activity : Cybersecurity
An Ethiopian Coder Just Raised USD 5 M To Build A New Login System For Everyone.
Co-investors P1 Ventures
Source : weetracker.com
Co-investor alongside Janngo Capital
Activity : Neobank and digital banking
Vehicle : Janngo Capital Startup Fund
Djamo is an Ivorian neobank with over one million users across Francophone Africa, offering digital accounts, cards and savings products.
Why they invested
Co-investors Enza Capital, Oikocredit, Partech Africa, SANAD Fund for MSMEs, SANAD Fund for MSMEs
Source : techcrunch.com
Co-investor alongside Creandum
Activity : Payments and mobile money
Fintech startup Capi Money has secured €17.2 million ($17.9 million) in a Series A funding round.
Co-investors 4Cities, Algorithmic Strategies, Firstminute Capital, Janngo Capital, Kara Investments, Maiora, Raba Partnership, Rebel Fund
Source : launchbaseafrica.com
Co-investor alongside Highland Europe
Activity : Money transfer and remittances
LemFi , the Nigerian-born Pan-African fintech platform for immigrants, has raised USD 53 M in a Series B funding round led by Highland Europe, with participation from Left Lane Capital, Palm Drive Capital, Y Combinator, and Endeavor Catalyst.
Co-investors Left Lane Capital, Palm Drive Capital
Source : weetracker.com
Co-investor alongside Norrsken22
Activity : Enterprise software (SaaS)
Kenya HRtech Workpay Raises USD 5 M Series A.
Co-investors Acadian Ventures, Axian CVC, Plug and Play Ventures, Saviu Ventures, Verod-Kepple Africa Ventures, Visa
Source : weetracker.com
Activity : Payments and mobile money
Waza , a payment and liquidity platform for emerging market businesses, has secured USD 8 M in equity and debt funding.
Co-investors Byld Ventures, Heirloom VC, Norrsken22, Olive Tree Capital, Plug and Play Ventures, Timon Capital
Source : weetracker.com
Co-investor alongside Goodwater Capital
Activity : Delivery and last mile
Chowdeck , one of Nigeria’s leading on-demand delivery services, has secured USD 2.5 M in seed funding to optimize its operations and support expansion into more cities across the country.
Co-investors FounderX Ventures, Haleakala Ventures, HoaQ, Levare Ventures, True Culture Funds
Source : weetracker.com
Activity : Tourism and leisure
Instrument : YC standard deal: USD 125k for 7% (post-money SAFE) + USD 375k uncapped SAFE with MFN · Vehicle : Y Combinator W24
Operating system for travel businesses in Africa (tour operators, transport and accommodation providers): payment collection, operations automation, marketplace listing. Y Combinator winter 2024 batch.
Why they invested
Team
Source : techarena.co.ke
Activity : Data and AI
Inside Ocular AI: Zimbabwean Startup Breaks Ground as First to Secure Y...
Source : launchbaseafrica.com
Y Combinator invests tickets ranging from 500 k$ to 500 k$, across the following sectors: SaaS, Fintech, E-commerce, Digital health, Edtech, Logistics, and Tourism & hospitality, in the following areas: West Africa, East Africa, Southern Africa, Central Africa, and North Africa. Check in 30 seconds whether your company fits these criteria.
