Kepple Africa Ventures, a Japanese venture capital firm known for its vibrant and active investments in African tech-focused startups, has backed 22 startups just in the first seven months of 2021.
Why’s this interesting? Last year, the total number of African tech startups backed by the VC firm was 36, and now, it’s just a little over half of 2021.
With a zeal to create new industries from Africa, Kepple Africa Ventures fosters the growth of startups, facilitates cross-border expansions, and enables mergers and acquisitions.
So far, the VC firm has invested in 92 African tech startups, including Wapi Pay, BuyCoins, Autochek, Termii, FlexPay, Decagon, Curacel, among others.
The firm has its reach in Nigeria, Kenya, South Africa, Ghana, Senegal and Uganda, to mention a few.
Established in 2019 by Ryosuke Yamawaki and Takahiro Kanzaki, the VC firm’s seed investments in early-stage tech African startups range between $50,000 and $150,000.
An intriguing fact is that among Kepple’s 2021 investments are seven Nigerian startups from across the fintech, media and e-commerce sectors.
They include TeamApt, Buycoins, Bitnob, Sendbox, Moove Africa, ATHLST, and Sudo.
Also, there were five startups from Egypt, including NowPay, MoneyHash, Taggaddod, Wasla Browser, and Minly, all leveraging technology and thriving in the various sectors.
From across the fintech, communication, e-commerce and logistics sectors were startups from South Africa, Omnisient and FloatPays, Paps and CoinAfrique from Senegal, Kenyan’s Mawingu Networks and WapiPay, Ivory Coast-based Afrikrea, Chinese content service Transsnet, remote team collaboration tool PingPong, and PawaPay.
Indeed, venture investment reaches 95 percent annually and currently stands at about $288 billion through the first half of 2021 globally. It is exciting to note that Africa is not left behind in this great achievement.