Top 7 Venture Capital Firms in Kenya in 2023

The startup community has been growing in Kenya in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Kenya.

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7 Venture Capital Firms in Kenya

1) Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

• Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
• City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
• Started in: 1998
• Industries: Life Sciences, Industrial
• Stages: Pre-Seed, Seed, Series A, Series B, Series C
• Maximum check size: €50,000
• Number of investments: 686
• Number of exits: 78
• Funds raised: €216,100,000
• 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

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2) Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

• Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
• City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
• Started in: 2017
• Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
• Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
• Stages: Pre-Seed, Seed, Early Stage
• Number of investments: 365
• Number of exits: 3
• Funds raised: $82,200,000
• 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

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3) Goodwell Investments

Goodwell Investments is an early-stage investment fund backing founders serving underserved communities in India and Africa.

Details of the VC firm:

• Country: Netherlands, Kenya
• City: Nairobi, Amsterdam
• Started in: 2005
• Founders: Wilhelmus Van Der Beek
• Industries: Internet & Mobile, Agriculture, Fintech
• Stages: Early Stage
• Minimum check size: $250,000
• Maximum check size: $5,000,000
• Number of investments: 58
• Number of exits: 15
• Funds raised: $70,000,000
• 3 remarkable investments: MFS Africa, Inclusivity Solutions, Tomato jos

You can find their website here.

You can send them an email at info@goodwell.nl.

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4) EchoVC Partners

With offices in Africa, the UK and the US, EchoVC is a technology-focused venture capital investing in diverse founding teams.

Details of the VC firm:

• Country: Nigeria, Kenya, United Kingdom
• City: Lagos, Nairobi, London
• Started in: 2011
• Founders: Eghosa Omoigui
• Industries: Fintech, DTC, Media, Entertainment, Transportation, Energy
• Stages: Seed, Early Stage
• Minimum check size: $50,000
• Maximum check size: $20,000,000
• Number of investments: 41
• Number of exits: 7
• Funds raised: $41,000,000
• 3 remarkable investments: Migo, Ponto, TradeX

You can find their website here.

You can send them an email at founders@echovc.com.

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5) TLcom

TLcom Capital has been backing tech entrepreneurs from the US, Europe and Africa since 1999.

Details of the VC firm:

• Country: Nigeria, Kenya, United Kingdom
• City: Lagos, Nairobi, London
• Started in: 1999
• Founders: Maurizio Caio
• Industries: Media, Internet & Mobile, DTC, Supply Chain & Logistics, Transportation, Education, InsurTech, Healthcare, Automative
• Stages: Early Stage, Late Stage
• Minimum check size: $500,000
• Maximum check size: $10,000,000
• Number of investments: 29
• Number of exits: 15
• Funds raised: $300,000,000
• 3 remarkable investments: Kobo, Cuebiq, uLesson

You can find their website here.

You can send them an email at info@tlcomcapital.com.

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6) Novastar Ventures Ltd

Novastar Ventures invests in companies transforming the African market.

Details of the VC firm:

• Country: Kenya, Nigeria, United Kingdom
• City: Nairobi, Lagos, London
• Started in: 2014
• Founders: Steve Beck, Andrew Carruthers
• Industries: Fintech, Supply Chain & Logistics, Healthcare, InsurTech, Education, SaaS
• Stages: Early Stage
• Minimum check size: $200,000
• Maximum check size: $7,000,000
• Number of investments: 20
• Number of exits: 1
• Funds raised: $200,000,000
• 3 remarkable investments: TradeDepot, Paygo, Komaza

You can find their website here.

You can send them an email at info@novastarventures.com.

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7) Afvest Invest

Founded in 2012, Afvest invests in opportunities in East Africa and Sub-Saharan Africa.

Details of the VC firm:

• Country: Kenya
• City: Nairobi
• Started in: 2012
• Founders: David Ngaine
• Industries: Proptech & Real Estate, Fintech, Education, E-Commerce, Social, Productivity, Internet & Mobile, Energy
• Stages: Early Stage
• Number of investments: 7
• Funds raised: $2,100,000

You can find their website here.

You can send them an email at info@afvest.co.

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