← All fundsY Combinator
Public data, unclaimed profileSilicon 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.
Investment thesis
- Investment ticket
- 500 k$ – 500 k$
- Instruments
- SAFE (convertible)
- Preferred sectors
- SaaS, Fintech, E-commerce, Digital health, Edtech, Logistics, Services*
- Target geographies
- West Africa, East Africa, Southern Africa, Central Africa, North Africa
* added from its deals
- Stages (based on reference deals)
- Pre-Seed
Team and contacts
- Garry Tan — President & CEO
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Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
Triply (ex-Tripitaca)
April 2024 · KenyaPre-Seed500 k$SAFE (convertible)ServicesLead
Activity : Tourism and leisure
Instrument : YC standard deal: USD 125k for 7% (post-money SAFE) + USD 375k uncapped SAFE with MFN · Vehicle : Y Combinator W24
Operating system for travel businesses in Africa (tour operators, transport and accommodation providers): payment collection, operations automation, marketplace listing. Y Combinator winter 2024 batch.
Why they invested
- Y Combinator's first travel-tech investment in Africa
- All-in-one operating tool for under-equipped travel businesses
Team
- Peter Wachira — Founder & CEO
- Collins Muthinja — Co-Founder
Source : techarena.co.ke
In short
Y Combinator invests tickets ranging from 500 k$ to 500 k$, across the following sectors: SaaS, Fintech, E-commerce, Digital health, Edtech, Logistics, and Services, 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.