Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, September 18
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Samurai Incubate Unveils New $18.3m Fund Targetted at Kenyan, South African & Nigerian Startups
    samurai incubate

    Samurai Incubate Unveils New $18.3m Fund Targetted at Kenyan, South African & Nigerian Startups

    1
    By AdeO on January 14, 2020 Africa, Entrepreneurship, Funding, Startups, Venture Capital

    Samurai Incubate has launched Samurai Africa Fund II, a new $18.3 million fund to invest in startups in Kenya, South Africa, and Nigeria.

    The new fund is looking to invest about $46,000 to $460,000 in startups seeking seed to series A rounds in Fintech, insuretech, logistics, Medtech, healthcare, retail and e-commerce, AgriTech, transport and mobility, and entertainment in these three markets.

    Dubbed Samurai Africa Fund II, the fund is a follow on of its first fund which has been investing and supporting growth in startups operating on the continent of Africa, and is currently providing investment and incubation support to 18 companies.

    “In order to promote and accelerate this activity, we have decided to establish a second African fund,” the firm announced.

    “The Samurai Africa Fund II will target African countries, mainly Kenya, South Africa and Nigeria. Investment areas include finance and insurance, logistics, medical and healthcare, retail and e-commerce, energy, agriculture, transportation and mobility, and entertainment, and support people’s lives in ways that start-ups will break the common sense.”

    Samurai Africa is currently commissioned by the Japan International Cooperation Agency (JICA) to conduct research on the promotion of entrepreneurship and the formation of a startup ecosystem in the African region. In the future, Africa No. 2 Fund will seek the recruitment of investors with the goal of a total fund of 2 billion yen ($18,214,000).

    Samurai Africa 1 invested in Senri, a sales optimization platform for manufacturing and distribution businesses in Africa, Kenya’s Biashara Bot, and Rwandan regional FinTech startup Exuus.

    The fund started as Leapfrog Ventures in May of 2018 but rebranded to Samurai Incubate Africa in 2019. Samurai Africa, I invested in startups in Rwanda, Kenya, Tanzania, Uganda and South Africa and has added Nigeria to its second fund.

    Related

    samurai incubate

    Samurai Incubate Closes its $18m Fund to Invest in African Startups

    Samurai Incubate Inc, a venture capital firm based in Tokyo, has announced that it has closed its dedicated Africa fund after raising 2.06 billion yen (~ $18 million). In January 2020, Samurai announced a second fund called the “Samurai Africa 2nd General Partnership”. The now-closed fund will focus on startups in Nigeria,…

    April 16, 2021

    In "Funding"

    Uncovered Fund

    Japan’s Uncovered Fund Unveils $15m Africa Fund, Makes First Investments

    Uncovered Fund has launched a $15 million venture capital fund to invest in early-stage African startups.  The VC firm founded by Takuma Terakubo in 2019 will invest $50,000 to $500,000 in African startups in seed and Series A stages. Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Together with Japanese…

    February 16, 2021

    In "Entrepreneurship"

    Raino Tech4Impact

    Kenyan Startup Raino Tech4Impact Secures USD100 Thousand in Equity Investment

    Kenyan social enterprise startup Raino Tech4Impact has secured USD100 K in equity investment. The startup landed the investment for winning a pitch event put together by Raino Tech4Impact Samurai Incubate Africa and Growth Africa. Raino Tech4Impact which employs technology to equip African communities came out tops among the 11 eleven startups…

    August 14, 2019

    In "Africa"

    Samurai Africa Fund II Samurai Incubate
    Share. Facebook Twitter Pinterest LinkedIn Email
    AdeO
    • X (Twitter)

    Related Posts

    Crypto Giant Blockchain.com Establishes Physical Presence in Nigeria Amid Growing Adoption

    LASTMA Launches Drone Technology to Monitor Traffic Congestion in Lagos

    YC-backed Rulebase Raises $2.1M to Automate Financial Services Back-Office Tasks

    1 Comment

    1. Pingback: Samurai Incubate Closes its $18m Fund to Invest in African Startups | Innovation Village | Technology, Product Reviews, Business

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.