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Golden Palm Investments

Investor type Micro VC
Founders Sangu Delle

Overview

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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.
Total investments 43
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 26
Rounds per year 3.07
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.37
Key employees 4

Areas of investment

  • Information Technology
  • Health Care
  • Logistics
  • Financial Services
  • FinTech
Summary

In 2008 was created Golden Palm Investments, which is appeared as VC. The main office of represented VC is situated in the Accra. The fund was located in Africa if to be more exact in Ghana.

The usual cause for the fund is to invest in rounds with 6-7 partakers. Despite the Golden Palm Investments, startups are often financed by Social Capital, GSV AcceleraTE, Cross Culture Ventures. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Social Capital, TLcom Capital Partners. In the next rounds fund is usually obtained by TLcom Capital Partners, Spark Capital, GV.

The common things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2017. The fund is generally included in 2-6 deals every year.

The fund was created by Sangu Delle. We also calculated 4 valuable employees in our database.

We can highlight the next thriving fund investment areas, such as Developer APIs, Marketplace. The fund has exact preference in a number of founders of portfolio startups. If startup sums 1 of the founder, the chance for it to be financed is low. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Andela, mSurvey, Sokowatch.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Golden Palm Investments:
Typical Co-investors
Golden Palm Investments is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Golden Palm Investments:

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Malaysian Technology Development Corporation Kuala Lumpur, Malaysia
Original Capital California, San Francisco, United States
Rainmatter Technology Bangalore, India, Karnataka
Rothschild & Co. France, Ile-de-France, Paris
Shiji Hulian China, Guangdong, Shenzhen
Sunny Optical Technology China, Yuyao, Zhejiang
Winona Capital Management Chicago, Illinois, United States
WNT Ventures Gisborne, New Zealand, Tauranga

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Maplerad

Computer
Cryptocurrency
Financial Services
FinTech
Information Technology
Software
$6M17 Oct 2022 Lagos, Lagos, Nigeria

Sabipay

FinTech
Information Technology
Productivity Tools
$5M15 Aug 2022 Yaba, Lagos, Nigeria

tushop

Communities
$3M31 Mar 2022 -

Eksab

Sports
$3M28 Mar 2022 Cairo, Cairo Governorate, Egypt

Wasoko

Consumer Goods
Emerging Markets
Logistics
Sales
Supply Chain Management
$125M16 Mar 2022 Nairobi, Nairobi Area, Kenya

mPharma

Health Care
Hospital
Pharmaceutical
$30M05 Jan 2022 Accra, Ghana

Wowzi

Social Network
$2M14 Dec 2021 Nairobi, Nairobi, Kenya

Appetito

$2M03 Nov 2021 Cairo, Cairo Governorate, Egypt

Autochek

Automotive
$13M26 Oct 2021 Lagos, Lagos, Nigeria
News
TLcom and 4DX drive $13.1M seed round to scale Autochek’s platform across Africa

– Autochek, a pan-African automotive company, raised $13.1m in seed funding.
– The round was led by TLcom Capital and 4DX Ventures, and joined by existing investors Golden Palm Investments, Enza Capital, Lateral Capital, and others.
– First-time investors ASK Capital and Mobility 54 Investment SAS also participated.
– The company has raised $16.5m in two financing rounds.

Nigerian investment platform Chaka secures $1.5M pre-seed after bagging country’s first SEC license

– Robinhood, a stock trading platform, raised $363m funding.
– The pre-seed round was led by Breyer Capital, while 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, and Musha Ventures participated.
– Robinhood plans to use the funding to expand its product offerings and grow its team.

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