Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2019, AAIC Investment has backed 10 African startups across 13 disclosed funding rounds totaling $91.2M, most heavily in Kenya and Health Tech.
AAIC Investment is a Singapore-based fund management company established in 2013 as the investment arm of AAIC Holdings. The firm began by supporting Corporate Venture Capital activities of Japanese corporations in 2014 before pivoting to focus on Africa-focused investment opportunities. AAIC Investment manages two primary funds: the Africa Healthcare Fund (AHF1), launched in 2017, and the Africa Innovation and Healthcare Fund (AHF2), launched in 2022. The firm has invested in over 50 companies across Africa through its two funds as of early 2025, with a demonstrated focus on health technology and healthcare innovation. AAIC Investment's portfolio in East and West Africa reflects a strategic concentration in Kenya and Nigeria, where it has backed companies addressing critical healthcare access challenges. The investor targets companies across multiple stages, from early-stage ventures to Series A rounds, with particular emphasis on digital health platforms, pharmacy supply chain solutions, and healthcare delivery infrastructure that serve underserved populations across the continent.
Data updated · Jul 29, 2026
Sign in to see all 10 portfolio products
Free account — full portfolios, timelines, and the weekly funding digest
Sign in to see all 13 rounds
Free account — full portfolios, timelines, and the weekly funding digest
AAIC Investment has backed 10 African startups across 13 disclosed funding rounds tracked on Liners, totaling $91.2M since 2019.
Mostly Seed: 4 of its 13 tracked rounds are at that stage, followed by Series A (4).
AAIC Investment's tracked rounds are concentrated in Kenya (6), Nigeria (4), South Africa (1), and 2 more countries.
Its tracked rounds lean toward Health Tech (9), Fintech (2), Logistics & Supply Chain (1), and 1 more sector.
AAIC Investment most often shares rounds with Y Combinator (2 shared deals), Ohara Pharmaceutical (2 shared deals), Creadev (2 shared deals).
AAIC Investment was established in 2013 in Singapore. The firm launched its first Africa-focused fund, the Africa Healthcare Fund, in 2017, and subsequently launched the Africa Innovation and Healthcare Fund in 2022.