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Nairobi, KEN
3rd Floor, Bishop Magua Centre, m:lab
Ngong Road
Nairobi, KEN

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Savannah Fund

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects to achieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.

The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.

They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

Recent Milestones

Investments

Company Date Round Size Participants
BiGxGh.Com 4/2014Seed$25k1
Ahonya 3/2014Seed2
SafariDesk 12/2012Seed$25k1
biNu 11/2012Series A$4.3M10

Videos

Sources

  1. 3 African Startups Secure Investment From Savannah Fund (ventures-africa.com) [edit]
  2. Ahonya Secures Seed Funding From Rio Technology Partners To Double Down On Ghanaian Ecommerce (techcabal.com) [edit]
  3. Citation Needed [add]
  4. BiNu closes $4.3 million Series A (pandodaily.com) [edit]
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Last Edited 4/15/14

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