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Kepple Africa Ventures company logo
Corporate Venture
FINANCE | Investment Firms & Funds
kepple-africa-ventures.com

Investments

66

Portfolio Exits

3

Funds

1

Partners & Customers

1

About Kepple Africa Ventures

Kepple Africa Ventures, part of Kepple Group, is an early-stage VC that supports Japanese companies investing in startups mainly in Kenya and Nigeria, and investing in and collaborating with African startups. Kepple Africa Ventures was founded in 2019 and is based in Tokyo, Japan.

Headquarters Location

10-10 Shinsencho VORT Shibuya Shinsen 7F

Tokyo, 150-0045,

Japan

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Latest Kepple Africa Ventures News

アフリカ全土のスタートアップに投資をする日本・ナイジェリア系ファンドが官民ファンドの海外通信・放送・郵便事業支援機構から約15億円(10百万米ドル)調達、累計調達額は約80億円(53百万米ドル)に

Sep 13, 2023

リンクをコピー 日本とナイジェリアの企業が運営するベンチャーキャピタル、Verod-Kepple Africa Partnersはこのほど、同社が設立したファンドVerod-Kepple Africa Ventures (以下、VKAV)で、海外通信・放送・郵便事業支援機構(以下、JICT)から約15億円(10百万米ドル)を調達しました。本ファンドはアフリカ全域でシード・シリーズA期のテックスタートアップに投資を行います。VKAVのLP投資家は、主に日本の公的機関・企業で構成され、今回参画したJICTの他に、独立行政法人国際協力機構(JICA)、三井住友信託銀行、SBI ホールディングス、豊田通商のほか、個人投資家の金田修氏、米国ファミリーオフィス等を含みます。 JICTは2015年11月の発足以来、世界各国で通信・放送・郵便分野において、リスクマネーの供給等を通じて日本の事業者の海外展開を支援して来ました。JICTのこうした支援実績とVKAVのアフリカ地域における独自のネットワークと知見を組み合わせることで、日本企業等と地域のスタートアップ企業を結び付け、ビジネスマッチングや事業シナジーの創出を促進します。特に、FintechやDX等の主要なICT分野のスタートアップの事業成長を加速させ、同時に社会課題の解決にも貢献することを目指して参ります。 Verod-Kepple Africa Venturesについて( https://vkav.vc/ ) VKAVは、Kepple Africa Ventures(以下、KAV)と、Verod Capital Management (以下、Verod Capital)の合弁企業であるVerod-Kepple Africa Partnersのファンド(ルクセンブルク登記)となります。本ファンドは2022年に発足し、アフリカ全土でさまざまな社会課題の解決に取り組むスタートアップ企業に対して、成長支援を行っています。 これまでの出資先はMoove Africa(複数ヵ国:車両ファイナンス)、 NowPay(エジプト:給与ファイナンス)、 Koko Networks(ケニア:バイオエタノール販売による二酸化炭素排出権)、Ceviant(ナイジェリア:財務管理SaaS)、Chari(モロッコ:B2B Eコマース)、Shuttlers(ナイジェリア:公共交通)、Nawy(エジプト:不動産マーケットプレイス)、Julaya(仏語圏西アフリカ:B2Bネオバンク)の8社です。 仏経済紙Jeune Afriqueが本年5月にアフリカのスタートアップ向けに行った調査では、VKAVが「スタートアップに最も好まれるベンチャーキャピタル(Startups’ most favourite investor)」に選ばれました。 Kepple Africa Ventures について( https://kepple-africa-ventures.com/ ) 株式会社ケップルアフリカベンチャーズ(本社:東京都渋谷区、代表:神先 孝裕)は、ケニアとナイジェリアに拠点を持ち、「アフリカに新しい産業を創る」ことをミッションにしたベンチャーキャピタルです。2018年の設立以降、アフリカで11ヶ国103社への投資を完了しています。イノベーションによって新しい産業が続々と生まれているアフリカにおいて、現地スタートアップの成長をサポートし、日本企業と協業する仕組みを作り出しています。こうした活動を通じ、新しい産業を創り、グローバルに展開していくことを目指します。今回の調達を踏まえ、Kepple Africa Venturesがアフリカで運営するファンドの累計調達額は100億円を突破致しました。 Verod Capital Management について( http://www.verod.com/ ) Verod Capital Management(本社:ナイジェリア・ラゴス、代表:Danladi Verheijen)は、アフリカの中小企業、スタートアップ企業への投資および成長支援の実績を有するナイジェリアの大手プライベートエクイティ会社です。2008年に設立された同社は、西アフリカ地域におけるプライベートエクイティファンドのマーケットリーダーであり(累計調達額364百万米ドル)、アフリカ最大級のアルミ缶製造工場、ナイジェリアの大手生命保険会社、大手薬局チェーン等、各産業を代表する企業への出資、事業運営経験を有します。 以下は関係者からのコメントです。 世界最後の経済フロンティアであるアフリカは、日本企業の海外市場展開においては重要な位置にある一方で、社会経済的な背景が日本と大きく異なり、その市場攻略は一筋縄では行かないこともまた事実です。今回、アフリカの現場にフルコミットし、アフリカ市場に広範なネットワークと深い事業知見を有するVKAVとパートナーシップを結ぶことで、日本企業のアフリカ進出における水先案内人の役割を果たして行きたいと思います。 品田 諭志(VKAV パートナー) お問い合わせ先: Tel: +234 1 462 8646/7 Email: admin@kepple-fund.org (日本語でのお問い合わせ) September 7th, 2023: Verod-Kepple Africa Ventures ("VKAV") Secures Additional US$10 Million Investment from Japan's JICT Lagos, Nigeria – Verod-Kepple Africa Ventures ("VKAV") is pleased to announce that it has raised an additional US$10 million as part of its ongoing fundraising for its pan-African venture fund from Fund Corporation for the Overseas Development of Japan's ICT and Postal Services (JICT), a Japanese public-private investment fund. VKAV represents the flagship fund of Verod-Kepple Africa Partners, a joint venture between Verod Capital Management Limited (Verod Capital) and Kepple Africa Ventures. Established in 2022, VKAV focuses on nurturing scalable, tech-enabled, post-revenue enterprises dedicated to addressing multifaceted challenges across diverse industries on the African continent. Among VKAV's notable limited partners include prominent Japanese public agencies such as JICT and the Japan International Cooperation Agency (JICA), as well as publicly listed corporations like Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank (SMTB), and SBI Holdings. The fund's current portfolio includes strategic investments in companies such as Moove Africa (operating across multiple markets, providing smart vehicle finance for mobility entrepreneurs), NowPay (Egypt, offering financial wellness solutions for employees), Koko Networks (Kenya, specialising in clean cooking technology), Ceviant (Nigeria, focusing on treasury management and trade finance), Chari (Morocco, a B2B e-commerce platform for FMCG), Shuttlers  (Nigeria, facilitating shared mobility), Nawy (Egypt, offering an end-to-end platform for property transactions), and Julaya (serving as a neobank for businesses in Francophone West Africa). In May 2023, VKAV was voted "Start-ups' most favoured investor" in Africa” in a renowned French economic media outlet Jeune Afrique survey. JICT, a prominent public-private investment fund, was founded in 2015 and has a track record of successfully promoting the overseas expansion of Japanese businesses in ICT and postal services by providing risk-tolerant capital for various projects. Through a collaborative effort leveraging JICT's expertise and VKAV's extensive regional networks and market insights, we aim to facilitate connections and valuable business connections between Japanese corporations and prominent African start-ups. Our particular focus will be on accelerating the growth of start-ups in core ICT sectors, including fintech and digital transformation, thereby contributing to addressing pressing social challenges on the African continent. Amane Oshima, CEO and Representative Director at the Fund Corporation for the Overseas Development of Japan's ICT and Postal Services (JICT), commented, "Africa, as the final economic frontier in the world, presents tremendous opportunities for Japanese companies seeking to expand overseas. However, the continent's unique and complex socio-economic context often hinders successful market entry. We believe our partnership with VKAV, a trusted collaborator with an extensive local presence and profound business knowledge, will catalyse seizing these market entry opportunities." Satoshi Shinada, Partner at Verod-Kepple Africa Ventures (VKAV), also expressed their pleasure in welcoming JICT, a highly reputable institution from Japan, stating, "The African market has been rapidly evolving into a gigantic economic market and a pivotal driver of global economic growth. We firmly believe that Japanese corporations have a crucial role to contribute towards this historic transformation, and their potential returns and rewards are substantial. We are genuinely excited and confident that, in collaboration with JICT, we will further facilitate Japanese corporations' successful market entry efforts into Africa." For further information, please visit https://vkav.vc or contact: Karabo Maelane: Head - Investor Relations & Communications, Verod-Kepple Africa Ventures Tel: +234 1 462 8646/7 Email: investorrelations@vkav.vc

Kepple Africa Ventures Investments

66 Investments

Kepple Africa Ventures has made 66 investments. Their latest investment was in Carry1st as part of their Series A - III on January 1, 2023.

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Kepple Africa Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/17/2023

Series A - III

Carry1st

$27M

Yes

5

8/5/2022

Seed VC - II

Beacon Power Services

$2.7M

No

3

7/25/2022

Series A

Cartona

$12M

No

8

7/13/2022

Pre-Seed

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$99M

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10

6/27/2022

Seed VC

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$99M

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10

Date

1/17/2023

8/5/2022

7/25/2022

7/13/2022

6/27/2022

Round

Series A - III

Seed VC - II

Series A

Pre-Seed

Seed VC

Company

Carry1st

Beacon Power Services

Cartona

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Amount

$27M

$2.7M

$12M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

5

3

8

10

10

Kepple Africa Ventures Portfolio Exits

3 Portfolio Exits

Kepple Africa Ventures has 3 portfolio exits. Their latest portfolio exit was PayGo Energy on April 27, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/27/2023

Acquired

$99M

3

12/2/2022

Acquired

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$99M

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10

9/4/2020

IPO

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$99M

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10

Date

4/27/2023

12/2/2022

9/4/2020

Exit

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

Kepple Africa Ventures Fund History

1 Fund History

Kepple Africa Ventures has 1 fund, including Pan-African Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/23/2023

Pan-African Venture Fund

$43M

1

Closing Date

3/23/2023

Fund

Pan-African Venture Fund

Fund Type

Status

Amount

$43M

Sources

1

Kepple Africa Ventures Partners & Customers

1 Partners and customers

Kepple Africa Ventures has 1 strategic partners and customers. Kepple Africa Ventures recently partnered with EMURGO on September 9, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

9/1/2022

Partner

Japan

08:44 ET EMURGO Africa and Kepple Africa Ventures Establish Joint Venture to Further Web3 Strategic Partnership

DUBAI , UAE , March 8 , 2023 / PRNewswire / -- EMURGO Africa , an Africa-focused entity of EMURGO Middle East & Africa , and Kepple Africa Ventures , Inc. Inc. , a pan-African venture capital firm , today announced the establishment of a business joint venture EMURGO to further accelerate its strategic partnership investing in African Web3 businesses .

2

Date

9/1/2022

Type

Partner

Business Partner

Country

Japan

News Snippet

08:44 ET EMURGO Africa and Kepple Africa Ventures Establish Joint Venture to Further Web3 Strategic Partnership

DUBAI , UAE , March 8 , 2023 / PRNewswire / -- EMURGO Africa , an Africa-focused entity of EMURGO Middle East & Africa , and Kepple Africa Ventures , Inc. Inc. , a pan-African venture capital firm , today announced the establishment of a business joint venture EMURGO to further accelerate its strategic partnership investing in African Web3 businesses .

Sources

2

Kepple Africa Ventures Team

1 Team Member

Kepple Africa Ventures has 1 team member, including current General Partner, Ryosuke Yamawaki.

Name

Work History

Title

Status

Ryosuke Yamawaki

Industrial Growth Platform, and Mitsui

General Partner

Current

Name

Ryosuke Yamawaki

Work History

Industrial Growth Platform, and Mitsui

Title

General Partner

Status

Current

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