Series A

Unknown Series Round

Series B

Debt Financing

Seed

Nairobi

Rosanne Whalley

Explore AHL Venture Partners's funding activity and portfolio trends in technology. Stay informed with Lucidity Insights.

AHL Venture Partners

AHL Venture Partners is an Africa-focused venture capital and private credit firm that provides flexible, impact-aligned capital to scalable businesses solving pressing social and environmental challenges across the continent.

M-KOPA

Fintech

Finance

Financing Platform

Financial Services

Founded in 2011, M-KOPA is a fintech platform that provides digital financial services to underbanked consumers by leveraging data to combine digital micropayments with the Internet of Things [IoT] technology. With operations in Kenya, Uganda, Nigeria and Ghana, M-KOPA’s platform has provided over $1 billion in credit and enabled 3 million customers to access smartphones, electric motorcycles, solar power systems, digital loans and health insurance. The company directly employs nearly 2,000 people across Africa and has created over 10,000 roles for sales agents since the start of 2020.

Twiga Foods

E-Commerce

Agriculture

Marketplace

Agritech

Grocery

Retail

Internet Marketplace Platforms

Shopping

Farming

Twiga Foods is a mobile-based B2B supply platform aggregating retail demand for fresh and packaged food in African cities and delivering lower-cost and higher-quality products.

BURN

Clean Energy

Manufacturing

CleanTech

BURN improves lives and protects forests with fuel-efficient cooking solutions, including biomass stoves, LPG cookers, and IoT-enabled electric stoves.

Kigali

Ampersand

Automotive

Transporation

Electric Vehicle

Transportation

Ampersand is Africa’s first electric transport energy company with the longest track record of serving a commercial e-motorcycle fleet and battery swapping network at scale.

Watu

Lending

Asset Management

Watu is an asset financing company revolutionising financial inclusion across the globe.

Cape Town

Zoona

Mobile Apps

Payments

Software

Mobile Payments

Zoona is an African fintech company that connects young entrepreneurs with innovative technology to deliver safe, reliable, and accessible financial services to underserved communities across the continent.

Sidai Africa

Delivery Services

Sidai is a fully vertically-integrated company supplying quality livestock and crop inputs and training to farmers and pastoralists across Kenya.

Grant

Tulaa

AgTech

Mobile

Tulaa is a mobile-based marketplace enables smallholder farmers to access agricultural inputs, affordable finance and markets.

Zoona provides affordable financial services such as money transfers, savings, credit, and bill payments to predominantly unbanked customers in Zambia, Malawi, and Mozambique. The company serves over one million customers through a network of agents operating thousands of outlets. The article does not specify the amount raised, the investors involved, or the specific plans for the funding round.

AHL Venture Partners' Portfolio

Nairobi, Kenya, December 2022: Watu, an asset financing FinTech providing flexible financing solutions for income-generating assets, including motorcycles, has extended its receivables financing debt facility with AHL Venture Partners (“AHL”) to a total funding amount of USD 5 million.

This investment will support the company’s rapidly growing business in Uganda, enabling its expansion and financing its growing receivables book. In the last three years, Watu has grown its Ugandan operations to 17 branches and 440+ staff, managing a portfolio of over 52,000 two-wheeler loans while weathering multiple COVID-19 lockdowns.

It is impossible to ignore the sheer impact two-and-three wheelers have on African urban economic livelihoods. In East Africa alone, motorcycle sales have overtaken that of private cars, with annual rates of registrations growing at more than 8% per annum from 2013 to 2017. In addition, operating motorcycle taxis has become a considerable source of income, allowing riders to transport both passengers and goods. However, motorcycle riders are yet to realize greater profit margins as limited access to credit hinders ownership of their motorcycles. As a result, most riders depend on renting older bikes which are expensive to operate and maintain. Watu’s asset financing product enables these riders to become independent business
owners.

Watu has extended its receivables financing debt facility with AHL Venture Partners (“AHL”) to a total funding amount of USD 5 million

Tulaa, a Kenyan fintech startup for smallholder farmers, has raised $627k in seed funding in a round led by AHL Venture Partners, one of the largest impact-focused venture capital firms in Africa.

The oversubscribed round also attracted investment from other impact investment funds Global Partnerships/Eleos Social Venture Fund, Beyond Capital, and Rafiki Ventures.

Tulaa Raises $627k Seed Round for Smallholder Fintech

Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3mil in equity and $4m in debt instruments.

The round was led by Wamda Capital and includes Omidyar Network, DOB Equity, Uqalo, 1776, Blue Haven Initiative, Alpha Mundi, and AHL.

The investment will enable Twiga to increase the number of vendors it is able to serve each day in Nairobi, diversify its product portfolio, and introduce advanced supplier services.

AHL Venture Partners

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

AHL Venture Partners

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments