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Since 2019, Act Venture Capital has backed 1 African startup across 3 disclosed funding rounds totaling $17M, most heavily in Kenya and Fintech.
Act Venture Capital is an early-stage venture capital firm based in Dublin, Ireland. The firm backs ambitious startups from seed to growth stages across various tech sectors. It has supported 140 companies, with €600m raised across 6 funds, and its most recent funds are backed by the European Investment Fund. In its investment activity in Africa, Act Venture Capital participated in three funding rounds in Kenya between May 2019 and April 2022, totaling $17.0M. These investments focused exclusively on the fintech sector, with two seed rounds and one Series A round in Umba, a digital banking platform for saving, borrowing, and business payments. The firm frequently co-invested with partners including Streamlined Ventures, Lachy Groom, and Frontline Ventures across multiple rounds.
Data updated · Mar 27, 2026
Act Venture Capital has backed 1 African startup across 3 disclosed funding rounds tracked on Liners, totaling $17M since 2019.
Mostly Seed: 2 of its 3 tracked rounds are at that stage, followed by Series A (1).
Act Venture Capital's tracked rounds are concentrated in Kenya (3).
Its tracked rounds lean toward Fintech (3).
Act Venture Capital most often shares rounds with Streamlined Ventures (2 shared deals), Lachy Groom (2 shared deals), Frontline Ventures (2 shared deals).
Act Venture Capital backed Umba, a digital banking platform for saving, borrowing, and business payments in Kenya. It participated in three rounds: two seed rounds in May 2019 and December 2020, and a Series A in April 2022.
Act Venture Capital is based in Dublin, Ireland, at 6 Richview Office Park, Clonskeagh, Dublin 14.
