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Since 2021, JAM Fund has backed 4 African startups across 6 disclosed funding rounds totaling $202.6M, most heavily in Kenya and E-commerce & Retail.
JAM Fund is a venture capital firm founded by Justin Mateen, who is also a co founder of Tinder. Public profiles describe JAM Fund as being based in Los Angeles, California, and focused on backing ambitious and transformative entrepreneurs. In Africa JAM Fund has been active in early stage and growth financing, participating in both seed and Series B rounds. According to available investment data, the firm has invested in three e commerce and retail companies across Kenya and Egypt, with a total of 132.8 million dollars deployed between March 2021 and March 2022. These investments include seed funding for Tushop and Koinz, and a significant Series B investment in Wasoko. JAM Fund often invests alongside other institutional and strategic investors. In the African portfolio listed above, co investors have included firms such as 4DX Ventures, Avenir Growth Capital, Quona Capital, Tiger Global, and several regional investors, which provides portfolio companies with access to broader capital and networks.
Data updated · Jul 29, 2026
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JAM Fund has backed 4 African startups across 6 disclosed funding rounds tracked on Liners, totaling $202.6M since 2021.
Mostly Seed: 3 of its 6 tracked rounds are at that stage, followed by Series D (2).
Its tracked rounds lean toward E-commerce & Retail (4), Health Tech (2).
JAM Fund most often shares rounds with 4DX Ventures (4 shared deals), TO Ventures (2 shared deals), Golden Palm Investments (2 shared deals).
JAM Fund is a venture capital firm founded by Justin Mateen, a co founder of Tinder. Publicly available information describes the firm as being based in Los Angeles, California.
JAM Fund has backed Wasoko in Kenya, Tushop in Kenya, and Koinz in Egypt. All three companies operate in e commerce and retail, focusing on essential goods, groceries, and restaurant ordering and loyalty.