Samurai Incubate, Japan-based VC has made six investments in African tech startups
Samurai Incubate was founded in 2008 and has since created and managed six funds in Japan, supporting over 130 businesses. Since its founding in May 2018, Samurai Incubate Africa has invested in 31 African companies.
In 2021, the business has already made six investments after closing its second fund with approximately JP2 billion (US$18.4 million). Releaf, an agritech firm, Medsaf, an e-health platform, and Pricepally, an e-commerce service, are all Nigerian startups.
Two Egyptian businesses – Wasla Browser, a browser-based shopping service, and The Food Lab, a cloud kitchen platform – as well as Kwara, a Kenyan finance startup, were also supported.
Samurai Incubate has expanded its focus to include Egypt, as well as boosted its maximum investment amount to JP80 million (US$736,000) to suit the requirements of a wider spectrum of firms, after initially focusing on Kenya, South Africa, and Nigeria until completing its second fund. Fintech, logistics, healthcare, e-commerce, energy, agri-tech, mobility, and entertainment are among the industries targeted.
