Delta40 Raises $20 Million to Support Africa’s First Institutional Venture Studio + Fund Model
Delta40 has closed a $20 million raise to scale Africa’s first institutional Venture Studio + Fund model, backing early-stage startups across energy, agriculture, and fintech...
✨ Key Highlights
Delta40 has successfully raised $20 million in a fundraising round to expand its unique Venture Studio + Fund model across Africa, combining early-stage capital with hands-on venture-building support for startups.
- The round attracted 54 investors from 13 countries, including development finance institutions, global foundations, and family offices, with 25 investors being founders themselves.
- Delta40 typically provides first checks ranging from $100,000 to $500,000 at the idea-to-Seed stage and offers follow-on investments.
- The model aims to address funding gaps, as less than 2% of venture funding goes to female founders and under 30% to African founders.
- Key institutional backers include the Soros Economic Development Fund, FMO, GIZ, and the Rockefeller Foundation.
- To date, Delta40 has invested in and supported 16 companies, with five ventures built directly within its studio.
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New Capital and Financial Products Unveiled for Kenyan SMEs and African Startups - February 2026
KCB Bank Kenya has partnered with Visa to introduce a new Business Credit Card solution tailored for Small and Medium-sized Enterprises (SMEs) in Kenya to help manage cashflow and control expenses. In a separate initiative, Agridex International and Tradeflow Capital Management have formed a strategic partnership to channel institutional capital into Kenya's agricultural sector and SMEs across Africa, aiming to accelerate the flow of working capital into commodity and SME value chains. Additionally, Delta40 successfully raised $20 million to expand its Venture Studio + Fund model, which combines early-stage capital with hands-on venture-building support for startups across Africa.
