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Since 2020, AAIC has backed 6 African startups across 7 disclosed funding rounds totaling $51.5M, most heavily in South Africa and Health Tech.
AAIC Investment Pte. Ltd. is a fund management company established in 2013 and headquartered in Singapore. It serves as the fund management arm of AAIC Holdings and manages Africa-focused funds, including the Africa Healthcare Fund (AHF1) launched in 2017 and the Africa Innovation and Healthcare Fund (AHF2) launched in 2022. The firm supports investments in healthcare and innovation sectors across Africa. AAIC Investment has participated in six funding rounds totaling $47.3 million between April 2020 and June 2023, focusing on early-stage companies. It invested at Seed (two rounds) and Series A (three rounds), with one Series B round. The firm targets Health Tech (four investments), alongside Travel & Mobility and Fintech. Geographically, it favors Nigeria and Egypt (two investments each), Togo, and Kenya. Notable portfolio companies include Helium Health (Nigeria, digital health records and telemedicine), Rology (Egypt, AI-assisted teleradiology), Gozem (Togo, rides and deliveries), Lami (Kenya, digital insurance), and Shezlong (Egypt, online therapy). Co-investors include Global Ventures and Tencent.
Data updated · Jul 29, 2026
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AAIC has backed 6 African startups across 7 disclosed funding rounds tracked on Liners, totaling $51.5M since 2020.
Mostly Seed: 3 of its 7 tracked rounds are at that stage, followed by Series A (3).
AAIC's tracked rounds are concentrated in South Africa (2), Nigeria (2), Togo (1), and 2 more countries.
Its tracked rounds lean toward Health Tech (4), Logistics & Supply Chain (1), Travel & Mobility (1), and 1 more sector.
AAIC most often shares rounds with Global Ventures (2 shared deals), Tencent (2 shared deals), Norrsken22 (1 shared deal).
AAIC Investment backed Helium Health (Series B and Series A), Rology (Seed), Gozem (Series A), Lami (Seed), and Shezlong (Series A). These span Health Tech, Travel & Mobility, and Fintech.
AAIC Investment Pte. Ltd. is headquartered in Singapore. It was established in 2013 as the fund management arm of AAIC Holdings.