Golden Palm Investments

Founded 2008
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 18
Average round size
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The average size of a deal this fund participated in
$5M
Portfolio companies 15
Rounds per year 1.38
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.28
Key employees 4

Areas of investment

  • Information Technology
  • Internet
  • Software
  • Financial Services
  • Mobile
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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Chaka Technologies

Financial Exchanges
Financial Services
FinTech
Information Technology
Stock Exchanges
Trading Platform
$1M19 Jul 2021 Louisiana, United States

Jetstream Africa

Logistics
$3M29 Jun 2021 Accra, Ghana

Minly

Apps
Content Creators
Digital Entertainment
Information Technology
Internet
Social Media
$3M27 Jun 2021 Cairo, Al Qahirah, Egypt

Automotive
$3M18 Nov 2020 Lagos

Chaka Technologies

Financial Exchanges
Financial Services
FinTech
Information Technology
Stock Exchanges
Trading Platform
$30K06 Oct 2020 Louisiana, United States

Mono (YC W21)

Big Data
$500K21 Sep 2020 Lagos

Mono

Finance
Financial Services
Security
Software
$500K19 Sep 2020 Sabon Gari West, Kano, Nigeria

Flutterwave

Developer APIs
Financial Services
FinTech
Payments
Software
$35M21 Jan 2020 San Francisco, California, United States

Jetstream Africa

Logistics
15 Jul 2019 Accra, Greater Accra Region
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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