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VEROD-KEPPLE
AFRICA VENTURES

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

Our Unique Approach

Systemic Value Creation

- VC mindset, paired with proven PE operational experience and resources
- Providing dedicated support on a number of critical areas including: talent and people ops; legal; ESG/Impact; and finance

Asia LP base and networks

- Expanded opportunities for funding, strategic partnerships, and exit
- Exchange learnings in terms of how innovations and markets evolve

Ecosystem Plug

- Curated forums for active collaboration and knowledge sharing amongst founders and their peers
- Ability to facilitate portfolio engagement with and support from key players in the African VC landscape and beyond

Who We've Invested In

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Highlights

In the News

Explore recent articles and features about VKAV and our portfolio companies, as covered by leading publications.

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Moove

View Website

Investment Stage

Series A

Moove is an embedded asset financing solution designed for mobility entrepreneurs. It offers revenue-based financing in partnership with leading mobility platforms such as Uber, Bolt, Careem, and Grab. From an alignment with our investment thesis perspective, Moove addresses the massive untapped opportunity of vehicle finance in Africa. The company has an exclusive partnership with Uber in the region, which provides it with exceptionally strong value propositions. As an infrastructure play, Moove addresses the acute lack of access to affordable financing for the productive use of assets. Because it functions as a wallet for drivers, Moove allows users to layer various services, such as savings and insurance, positioning itself as a digital bank for mobility entrepreneurs. Originally launched in Africa, Moove has expanded its operations to over 11 cities globally, including locations in India, the UAE, and the UK.

Country

Nigeria

Investment Date

Sector

Mobility

Moove secures $100 million Series B round

Nowpay

View Website

Investment Stage

Series A

NowPay is a digital financial services platform designed in Egypt. It offers salary advances with flexible repayment options, in partnership with employers. From an alignment with our investment thesis perspective, NowPay addresses the significant gap in financial access for Egypt's blue-collar workforce. Positioned as a digital bank for employees, NowPay enables users to layer various financial services, contributing to broader financial inclusion in Egypt. Initially launched in Egypt, NowPay is focused on scaling its reach within the region.

Country

Investment Date

Sector

FinTech

Koko

View Website

Investment Stage

Series C

KOKO Networks is an end-to-end supply chain solution for bio-ethanol cooking stoves, providing a cleaner and more affordable alternative to charcoal for households in Africa. From an infrastructure perspective, KOKO addresses a critical gap in Africa: access to clean cooking fuel. In mature markets, clean fuel is provided through piped gas as part of public infrastructure, but many African countries lack this. Aligned with the global megatrend of the clean energy transition, KOKO has the capacity to offset carbon emissions on the scale of the world’s largest automotive manufacturers, and as a home-grown innovation, is well-positioned to become a market leader in carbon credit issuance and clean fuel production.

Country

Kenys

Investment Date

Sector

CleanTech

Ceviant

View Website

Investment Stage

Seed

Ceviant is an integrated treasury management and financial services platform designed for businesses in Africa. It offers a treasury and liquidity management solution that aggregates multiple bank accounts through API integration. Ceviant also serves as a marketplace, connecting its clients with third-party service providers offering FX, factoring, working capital, and hedging solutions. Rather than disrupting or marginalizing established financial players, Ceviant acts as an enabler for businesses, banks, and financial service providers. By addressing inefficiencies in managing siloed accounts, Ceviant empowers businesses across Africa.

Country

Nigeria

Investment Date

Sector

FinTech

Chari

View Website

Investment Stage

Pre-Seed

Country

Investment Date

Sector

Shuttlers

View Website

Investment Stage

Series A

Shuttlers is a leading shared mobility platform that enhances the daily commute and transport experience for individuals by using technology to optimize routes and improve the passenger experience. With a huge and growing addressable market, Shuttlers addresses a critical infrastructure gap in public transport. As transportation is a daily necessity and the cost of living rises, more urban dwellers are likely to opt for shared mobility solutions that offer convenience and quality service. By leveraging technology, Shuttlers provides a more efficient and optimized way for people to move around, positioning itself as a key player in transforming urban transport. Shuttlers offers both exclusive bus hire services and shared bus rides, catering to diverse commuter needs.

Country

Nigeria

Investment Date

Sector

Mobility

Nawy

View Website

Investment Stage

Pre-Seed

Country

Investment Date

Sector

Julaya

View Website

Investment Stage

Series A

Julaya is a payment-led neobank for businesses in Francophone Africa. Due to the lack of interoperability between mobile money and bank transfers in the region, businesses face challenges in connecting mobile payment rails with bank-to-bank payment systems. Julaya addresses this issue by providing both collection and disbursement services for businesses with frequent payment needs. The continued fragmentation and lack of interoperability among payment methods drives increased adoption of Julaya’s solution. Starting with payments, Julaya can layer additional financial services onto its platform, enhancing its appeal to clients.

Country

Francophone Africa

Investment Date

Sector

FinTech

Chefaa

View Website

Investment Stage

Series A

Chefaa is an integrated online pharmacy that serves both end consumers and pharmacies, addressing the fragmentation in the pharmacy supply chain. It offers a marketplace where pharmacies can deliver products without holding inventory, as well as a B2C e-commerce platform where Chefaa purchases and delivers inventory directly to consumers. The platform also features a subscription service for discounts, analytics software for pharmaceutical companies, a B2B supply chain service for pharmacies, and a feature that allows medication purchases with insurance. Chefaa focuses on solving inefficiencies in the pharmacy sector and creating a managed marketplace that enhances visibility and access to medical products while introducing innovative solutions like subscription-based discounts.

Country

Egypt

Investment Date

Sector

HealthTech

Cloudline

View Website

Investment Stage

Seed

Cloudline operates a network of autonomous, all-electronic, and unmanned airships. These airships are designed with unmatched flight endurance, safety, cost, and energy efficiency, aiming to redefine aerial monitoring and the delivery of goods and services. The company focuses on creating infrastructure for data collection that generates actionable insights for business operations, particularly in monitoring and the efficient movement of goods. Cloudline addresses inefficiencies in infrastructure development, mining, and agriculture by enhancing the quality of monitoring and surveillance activities. This improvement enables these industries to operate and maintain their assets more efficiently and sustainably.

Country

South Africa

Investment Date

Sector

DeepTech

mTek

View Website

Investment Stage

Pre-Seed

mTek is a tech-driven, reliable, and customer-centric insurance platform aimed at both end policy buyers and insurance companies through its SaaS solution. The company aims to demystify the insurance sector and transform how insurance is perceived, consumed, and managed. mTek aligns with the inefficiency solver pillar of our investment thesis by offering a more efficient and accessible approach to insurance in a traditionally manual industry.

Country

Kenya

Investment Date

Sector

InsurTech

Zone

View Website

Investment Stage

Series A

Zone is a regulated payment switching network built on blockchain infrastructure that aims to revolutionize the electronic payment ecosystem in Nigeria. Its decentralized nature facilitates instant reconciliation and eliminates disputes between payment service providers, addressing the longstanding challenges in the sector. Zone’s innovative approach caters to a vast addressable market, driven by the increasing demand for reliable and efficient payment solutions in a rapidly evolving digital landscape. Given the diversity of the Nigerian payment ecosystem, which lacks a monopoly player, Zone's infrastructure is crucial for facilitating secure and efficient transactions across various platforms. The potential for strong network effects across all product lines further enhances its growth prospects, making Zone a key player in shaping the future of electronic payments in Nigeria.

Country

Nigeria

Investment Date

Sector

FinTech

Tagaddod

View Website

Investment Stage

Series A

Tagaddod operates a technology platform designed to efficiently collect, store, and process used cooking oil (UCO) for export from Egypt and the MENA region to Europe and the United States. Its core technology maps, plans, manages, and tracks the most effective routes for UCO collection from businesses and households. By providing a tech-enabled platform for UCO collectors, Tagaddod builds critical infrastructure that supports the global climate agenda. It transforms local waste into export commodities and integrates local stakeholders into a global supply chain, effectively acting as a market creator. Tagaddod also serves as an inefficiency solver by enhancing the operations of UCO collectors within the fragmented UCO supply chain.

Country

Egypt

Investment Date

June 6, 2024

Sector

Cleantech

Moove

View Website

Investment Stage

Series A

Moove is an embedded asset financing solution designed for mobility entrepreneurs. It offers revenue-based financing in partnership with leading mobility platforms such as Uber, Bolt, Careem, and Grab. From an alignment with our investment thesis perspective, Moove addresses the massive untapped opportunity of vehicle finance in Africa. The company has an exclusive partnership with Uber in the region, which provides it with exceptionally strong value propositions. As an infrastructure play, Moove addresses the acute lack of access to affordable financing for the productive use of assets. Because it functions as a wallet for drivers, Moove allows users to layer various services, such as savings and insurance, positioning itself as a digital bank for mobility entrepreneurs. Originally launched in Africa, Moove has expanded its operations to over 11 cities globally, including locations in India, the UAE, and the UK.

Country

Nigeria

Investment Date

Sector

Mobility

Moove secures $100 million Series B round

Nowpay

View Website

Investment Stage

Series A

NowPay is a digital financial services platform designed in Egypt. It offers salary advances with flexible repayment options, in partnership with employers. From an alignment with our investment thesis perspective, NowPay addresses the significant gap in financial access for Egypt's blue-collar workforce. Positioned as a digital bank for employees, NowPay enables users to layer various financial services, contributing to broader financial inclusion in Egypt. Initially launched in Egypt, NowPay is focused on scaling its reach within the region.

Country

Investment Date

Sector

FinTech

Koko

View Website

Investment Stage

Series C

KOKO Networks is an end-to-end supply chain solution for bio-ethanol cooking stoves, providing a cleaner and more affordable alternative to charcoal for households in Africa. From an infrastructure perspective, KOKO addresses a critical gap in Africa: access to clean cooking fuel. In mature markets, clean fuel is provided through piped gas as part of public infrastructure, but many African countries lack this. Aligned with the global megatrend of the clean energy transition, KOKO has the capacity to offset carbon emissions on the scale of the world’s largest automotive manufacturers, and as a home-grown innovation, is well-positioned to become a market leader in carbon credit issuance and clean fuel production.

Country

Kenys

Investment Date

Sector

CleanTech

Ceviant

View Website

Investment Stage

Seed

Ceviant is an integrated treasury management and financial services platform designed for businesses in Africa. It offers a treasury and liquidity management solution that aggregates multiple bank accounts through API integration. Ceviant also serves as a marketplace, connecting its clients with third-party service providers offering FX, factoring, working capital, and hedging solutions. Rather than disrupting or marginalizing established financial players, Ceviant acts as an enabler for businesses, banks, and financial service providers. By addressing inefficiencies in managing siloed accounts, Ceviant empowers businesses across Africa.

Country

Nigeria

Investment Date

Sector

FinTech

Chari

View Website

Investment Stage

Pre-Seed

Country

Investment Date

Sector

Shuttlers

View Website

Investment Stage

Series A

Shuttlers is a leading shared mobility platform that enhances the daily commute and transport experience for individuals by using technology to optimize routes and improve the passenger experience. With a huge and growing addressable market, Shuttlers addresses a critical infrastructure gap in public transport. As transportation is a daily necessity and the cost of living rises, more urban dwellers are likely to opt for shared mobility solutions that offer convenience and quality service. By leveraging technology, Shuttlers provides a more efficient and optimized way for people to move around, positioning itself as a key player in transforming urban transport. Shuttlers offers both exclusive bus hire services and shared bus rides, catering to diverse commuter needs.

Country

Nigeria

Investment Date

Sector

Mobility

Nawy

View Website

Investment Stage

Pre-Seed

Country

Investment Date

Sector

Julaya

View Website

Investment Stage

Series A

Julaya is a payment-led neobank for businesses in Francophone Africa. Due to the lack of interoperability between mobile money and bank transfers in the region, businesses face challenges in connecting mobile payment rails with bank-to-bank payment systems. Julaya addresses this issue by providing both collection and disbursement services for businesses with frequent payment needs. The continued fragmentation and lack of interoperability among payment methods drives increased adoption of Julaya’s solution. Starting with payments, Julaya can layer additional financial services onto its platform, enhancing its appeal to clients.

Country

Francophone Africa

Investment Date

Sector

FinTech

Chefaa

View Website

Investment Stage

Series A

Chefaa is an integrated online pharmacy that serves both end consumers and pharmacies, addressing the fragmentation in the pharmacy supply chain. It offers a marketplace where pharmacies can deliver products without holding inventory, as well as a B2C e-commerce platform where Chefaa purchases and delivers inventory directly to consumers. The platform also features a subscription service for discounts, analytics software for pharmaceutical companies, a B2B supply chain service for pharmacies, and a feature that allows medication purchases with insurance. Chefaa focuses on solving inefficiencies in the pharmacy sector and creating a managed marketplace that enhances visibility and access to medical products while introducing innovative solutions like subscription-based discounts.

Country

Egypt

Investment Date

Sector

HealthTech

Cloudline

View Website

Investment Stage

Seed

Cloudline operates a network of autonomous, all-electronic, and unmanned airships. These airships are designed with unmatched flight endurance, safety, cost, and energy efficiency, aiming to redefine aerial monitoring and the delivery of goods and services. The company focuses on creating infrastructure for data collection that generates actionable insights for business operations, particularly in monitoring and the efficient movement of goods. Cloudline addresses inefficiencies in infrastructure development, mining, and agriculture by enhancing the quality of monitoring and surveillance activities. This improvement enables these industries to operate and maintain their assets more efficiently and sustainably.

Country

South Africa

Investment Date

Sector

DeepTech

mTek

View Website

Investment Stage

Pre-Seed

mTek is a tech-driven, reliable, and customer-centric insurance platform aimed at both end policy buyers and insurance companies through its SaaS solution. The company aims to demystify the insurance sector and transform how insurance is perceived, consumed, and managed. mTek aligns with the inefficiency solver pillar of our investment thesis by offering a more efficient and accessible approach to insurance in a traditionally manual industry.

Country

Kenya

Investment Date

Sector

InsurTech

Zone

View Website

Investment Stage

Series A

Zone is a regulated payment switching network built on blockchain infrastructure that aims to revolutionize the electronic payment ecosystem in Nigeria. Its decentralized nature facilitates instant reconciliation and eliminates disputes between payment service providers, addressing the longstanding challenges in the sector. Zone’s innovative approach caters to a vast addressable market, driven by the increasing demand for reliable and efficient payment solutions in a rapidly evolving digital landscape. Given the diversity of the Nigerian payment ecosystem, which lacks a monopoly player, Zone's infrastructure is crucial for facilitating secure and efficient transactions across various platforms. The potential for strong network effects across all product lines further enhances its growth prospects, making Zone a key player in shaping the future of electronic payments in Nigeria.

Country

Nigeria

Investment Date

Sector

FinTech

Investment Stage

Country

Investment Date

Sector