Seed

Unknown Series Round

Pre-Seed

Nairobi

Lyndsay Holley Handler

Delta40

Delta40 is a Venture Studio & VC Fund in Africa, building innovative ventures with founders on the frontlines, supporting diverse founders leading ventures in energy, agriculture, and fintech, with a special focus on supporting African and female entrepreneurs.

Debt Financing

Lori Systems

Logistics

Freight Service

Transportation

Lori is a venture-backed African logistics startup that uses a tech-enabled marketplace to connect cargo with trucking capacity, improving transparency, reliability, and cost efficiency across supply chains.

Lagos

SunFi

Financial Services

Fintech

Clean Energy

SunFi is an energy financing technology company that connects people who want to buy solar through a financing method that allows for customized repayment plans to ensure you do not strain your financial budget. We also provide and recommend reliable solar solutions that meet your needs and offer installation support and after-care services for your solar systems.

Gridless

Farm to Feed

Agriculture

Supply Chain Management

Service Industry

Farm to Feed Kenya is an agritech platform that connects smallholder farmers with off-takers, buyers, and supply chain services to improve market access and income.

PowerUP

Clean Crop Technologies

Giraffe Bioenergy

Oil and Gas

Sustainability

Organic Food

Giraffe Bioenergy is integrating proven agricultural technology and ethanol manufacturing to produce locally-made ethanol cooking fuel from cassava and serve the growing clean cooking market in Kenya.

Terralima

Marketplace

Agritech

AgTech

Blockchain

Terralima is building a blockchain-powered, digital commodity chain platform that connects a trusted network of smallscale commodities producers in Africa to global markets & digital financial services in a secure, transparent, and traceable way.

Farm to Feed, a Kenyan agritech startup that connects smallholder farmers to businesses that need reliable and traceable produce, has closed a $1.5 million seed funding round to scale its operations across Kenya and into regional markets in Africa. The investment includes  $1.27 million in equity and $230,000 in non-dilutive funding from the DeveloPPP Ventures program, an initiative by DEG (German Investment Corporation), aimed at supporting innovative businesses in sub-Saharan Africa.

Kenya’s Farm to Feed raises $1.5 million to give imperfect farm produce a market

SunFi, a Nigerian clean tech startup, raised $2.325 million in seed funding led by Factor[e] and SCM Capital Asset Management, with participation from Voltron Capital, Norrsken Impact Accelerator, Ventures Platform, and Sovereign Capital. The funding will help SunFi expand operations and enhance its platform to recommend cost-effective solar systems. SunFi offers flexible payment options, including lease-to-own and subscription models, and plans to convert over 4,000 customers in the next 12-18 months.

SunFi aims to be the fastest way for Nigerians to find, finance and manage solar

SunFi, a Nigerian energy fintech startup, raised $2.325 million in seed funding to expand its solar business. The funding round was led by Factor[e] and Sterling Bank’s SCM Capital Asset Management, with participation from Voltron Capital, Norrsken Impact Accelerator, Ventures Platform, and Sovereign Capital. The funds will be used to expand operations, enhance advisory services, and improve the platform. SunFi aims to connect customers with solar energy solutions through flexible payment plans and has onboarded over 40 solar vendors.

Nigeria’s SunFi raises $2.3m in seed funding for expansion of solar business - Businessday NG

In Q1 2025, Nigeria’s startup ecosystem reached a $100 million milestone, highlighting its growing appeal to international investors. Among the top fundraisers, SunFi raised $1 million in a venture round to finance solar installations for underserved households and businesses, with backing from Ventures Platform, Delta40, and Kaleo Ventures.
The other startup that raised funding in Q1 2025 are Agriarche, Accrue, Rivy (formerly PayHippo), Mansa, SeamlessHR, Moniepoint (TeamApt), Raenest, LemFi.

Nigeria’s startups raised over $100 million in Q1 2025 – Here are the top 10 deals

Factor[e] Ventures has launched a new venture studio in Nairobi Kenya, which will focus on technology-driven energy, agriculture, and mobility ventures led diverse, experienced founders.

Dubbed Delta40, the new venture studio aims to increase incomes and tackle climate change in Africa by building and investing in technology ventures. In addition, Delta40 acts as a co-founder, providing fast, iterative product testing, technology brokering, early-stage commercialisation, and working side-by-side to increase the speed of venture building.

Factor[e] Launches A New Venture Studio in Nairobi

NAIROBI, March 31 (Xinhua) -- Onesmus Kasee runs a busy grocery shop in South C, a sprawling middle-class suburb in the Kenyan capital of Nairobi. His morning to mid-day task is dominated by sourcing the stock for the day --making early morning trips to various fresh produce wholesale markets in the city, buying various fruits and vegetables and then arranging for their transport to his shop.

Feature: Kenya's agritech startup injecting vitality into retail food market

Lori Systems, the Google-backed Kenyan logistics startup, raised $2 million at a steeply discounted $5 million valuation in 2024. The logistics startup, once valued at about $120 million, saw its valuation slashed to $5 million in the latest bridge round, which was led by Delta40, with participation from Future Africa, FP Capital, and other investors. The latest fundraise brings the company’s total funding to over $46 million.

Delta40

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 3 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Delta40

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 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments