Top 10 Artificial intelligence VC (Venture Capital) Funds in Kenya in October 2023

Portfolio highlights

• Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
• Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
• Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.

Portfolio highlights

• Rantizo — Rantizo provides drone spraying systems and support services for custom applicators, agribusinesses and contractors. Elevating precision ag.
• Deka Biosciences — Deka BioSciences, Inc. is committed to developing and delivering life-changing medicines to patients with cancer and inflammatory diseases.
• ReCode Therapeutics — ReCode is the first genetic medicines platform to enable highly targeted delivery to organs, tissues and cells beyond the liver. Our pipeline of rare disease therapeutics uses optimized mRNA and gene correction with redosing capability.

Portfolio highlights

• Synnefa — We provide an online farm record-keeping software as a service and integrate this platform with IoT solar-powered soil sensors to give farmers a 360-degree view of their farm and eliminate any guesswork. We leverage AI and ML technologies to analyse IoT data and agronomy data to increase production by 60% while reducing farm input costs by 40%.
• Oorja Development Solutions — Oorja is a project developer of solar PV systems to power livelihoods in emerging markets.

Portfolio highlights

• Reserv — We are a premier claims platform, born from state-of-the-art data intelligence and talent management technology.
• TreasurySpring — We search out the best cash investments on the planet and deliver them through a simple digital portal. All you need to do is click some buttons.
• Project Admission — A software solution that integrates with ticketing platforms, Project Admission makes buying, transferring, and reselling tickets simple, intuitive, and effective.

Portfolio highlights

• Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer

Portfolio highlights

• Lulalend — Financial provider for SME business banking accounts, business funding, and trade capital in South Africa. Do not delay. Click now to learn more and start today!
• NOW Money — NOW Money is the UAE's first digital payroll and mobile bank service developed specifically for low income workers.
• Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer

Portfolio highlights

• Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
• freshbag — freshbag is a wellness nutrition turnkey solution that supports corporate wellness programs by making it easy and convenient to live - and eat! - healthier.
• ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.

Portfolio highlights

• ZestMoney — Enjoy the convenience of shopping for electronic gadgets, fashion, travel, education on EMI without credit card. No debit card or credit score required!
• Flash — Flash is a mobile application and financial service company that facilitates digital payments to businesses.
• Indifi Technologies — Indifi Technologies is a digital lending platform that offers loans to those that have potential and intent.Indifi believes in helping small businesses grow by offering loans to those that have potential and intent. Most such businesses have little or no access to financing from traditional institutions such as banks or lack either collateral orfinance data trail to access a loan.Indifi is a technology platform that gathers and analyzes data of businesses from various sources and draws insights to judge their creditworthiness, their past and current performance in the context of the industry they are operating in. This differentiated approach helps find businesses that are low on risk and high on promise thus opening up possibilities for those who earlier had no access to short or long term business funding.Indifi takes the relevant applications to multiple lenders, increasing the chances to secure a loan and creates choice for lenders to pick the ones they wish to back.

Portfolio highlights

• SunFi — SunFi tech solution help people access solar energy with installation and payment plans.
• Gateway.fm — GatewayFM is the first truly decentralized blockchain infra/node provider, with globally distributed, multichain infrastructure
• Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.

Portfolio highlights

• Terraa — Terraa is a B2B distribution platform in Moroccan.
• OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
• Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.