Velocity Capital & Progression Africa

Total investments

1

Average round size

47M

Portfolio companies

1

Areas of investment
Financial ServicesPayments

Summary

The fund is constantly included in less than 2 deals per year. The high activity for fund was in 2018. The usual things for fund are deals in the range of 10 - 50 millions dollars.

Among the most popular portfolio startups of the fund, we may highlight Cellulant. We can highlight the next thriving fund investment areas, such as Financial Services, Payments. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund.

The typical case for the fund is to invest in rounds with 5 participants. Despite the Velocity Capital & Progression Africa, startups are often financed by XSeed Capital, Western Technology Investment, Velocity Capital Private Equity. The meaningful sponsors for the fund in investment in the same round are The Rise Fund, X/Seed Capital Partners, Western Technology Investment.

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Investments analytics

Analytics

Total investments
1
Lead investments
0
Investments by industry
  • Payments (1)
  • Financial Services (1)
Investments by region
  • Kenya (1)
Peak activity year
2018

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Quantitative data

Avg. startup age at the time of investment
17
Group Appearance index
1.00

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Cellulant 14 May 2018 Financial Services, Payments Late Stage Venture 47M Nairobi, Nairobi, Kenya
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.