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Savannah Fund

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 37
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 34
Rounds per year 3.36
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.08
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • FinTech
  • E-Commerce
  • Software
  • Apps
  • Information Technology
Summary

Savannah Fund is the famous VC, which was founded in 2012. The main office of represented VC is situated in the Nairobi. The fund was located in Africa if to be more exact in Kenya.

We also calculated 3 valuable employees in our database.

The average startup value when the investment from Savannah Fund is 100 thousands - 1 million dollars. The real fund results show that this VC is 18 percentage points more often commits exit comparing to other companies. The fund is constantly included in 2-6 deals per year. Deals in the range of 1 - 5 millions dollars are the general things for fund. The high activity for fund was in 2013.

The typical case for the fund is to invest in rounds with 1-2 participants. Despite the Savannah Fund, startups are often financed by Yago Arbeloa, TomorrowVentures, Startupbootcamp InsurTech London. The meaningful sponsors for the fund in investment in the same round are 500 Startups, Opes Impact Fund, Data Collective DCVC. In the next rounds fund is usually obtained by DOB Equity, Safaricom, LGT Lightstone.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - Kenya. Among the most successful fund investment fields, there are Mobile, E-Commerce. The fund has exact preference in some founders of portfolio startups. Among the most popular portfolio startups of the fund, we may highlight Aerobotics, Sendy, Lidya. Besides, a startup needs to be aged 1 and less years to get the investment from the fund.

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Funds with similar focus located in Kenya:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Kubik

Environmental Engineering
$3M10 Feb 2023 Nairobi, Nairobi Area, Kenya

Afropolitan

Blockchain
Communities
Cryptocurrency
$2M20 Jun 2022 San Francisco, California, United States

OZÉ

FinTech
Software
$3M25 Jan 2022 Accra, Ghana

Root

Banking
Financial Services
FinTech
Information Technology
Insurance
$3M11 Nov 2021 Cape Town, Western Cape, South Africa

Ando Foods

E-Commerce
Food and Beverage
Food Delivery
$200K01 Sep 2021 Nairobi, Nairobi Area, Kenya

Guidewheel

Business Information Systems
Cloud Data Services
SaaS
Software
$8M22 Jul 2021 Oakland, California, United States

Orbit Health

Health Care
03 Dec 2019 Seattle, Washington, United States

FlexClub

Automotive
E-Commerce
Marketplace
Rental
Subscription Service
$1M01 Jan 2019 Amsterdam, North Holland, Netherlands

Aerobotics

Agriculture
AgTech
Analytics
Drones
Farming
Machine Learning
Software
$544K01 Aug 2017 Gauteng
News
MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida

– Ugandan fintech startup Numida is announcing the close of its $2.3m seed round.
– The round was led by Africa-based VC firm Savannah Fund, and joined by other investors including 500 Startups, and angel investors including Y Combinator’s Adora Cheung, and others.
– Numida is tackling the challenge of financial inclusion in East Africa.
– The company offers a digital platform that enables semi-formal micro and small businesses to access credit.

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Total investments 37
Average round size 1M
Rounds per year 3.36
Peak activity year 2013
Lead investments 10
Follow on index 0.08
Group Appearance index 0.57

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Kubik

Environmental Engineering
$3M10 Feb 2023 Nairobi, Nairobi Area, Kenya

Afropolitan

Blockchain
Communities
Cryptocurrency
$2M20 Jun 2022 San Francisco, California, United States

OZÉ

FinTech
Software
$3M25 Jan 2022 Accra, Ghana

Root

Banking
Financial Services
FinTech
Information Technology
Insurance
$3M11 Nov 2021 Cape Town, Western Cape, South Africa

Ando Foods

E-Commerce
Food and Beverage
Food Delivery
$200K01 Sep 2021 Nairobi, Nairobi Area, Kenya

Guidewheel

Business Information Systems
Cloud Data Services
SaaS
Software
$8M22 Jul 2021 Oakland, California, United States

Orbit Health

Health Care
03 Dec 2019 Seattle, Washington, United States

FlexClub

Automotive
E-Commerce
Marketplace
Rental
Subscription Service
$1M01 Jan 2019 Amsterdam, North Holland, Netherlands

Aerobotics

Agriculture
AgTech
Analytics
Drones
Farming
Machine Learning
Software
$544K01 Aug 2017 Gauteng
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