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Since 2022, Kaleo Ventures has backed 12 African startups across 16 disclosed funding rounds totaling $27.4M, most heavily in Nigeria and Fintech.
Kaleo Ventures is an early-stage venture capital firm based in Dallas, Texas, and Lagos, Nigeria. The firm invests equity in faith-aligned entrepreneurs across Africa, targeting pre-seed and seed-stage companies in any sector. Kaleo seeks to fund over 50 such entrepreneurs each year and currently maintains a portfolio of more than 30 early-stage tech companies across the continent. Kaleo Ventures focuses on African startups, with investments primarily at the seed stage (six rounds) and one Series A round, totaling $12.5 million from February 2022 to August 2025. The firm has shown geographic preferences for Nigeria (five investments) and Kenya (two investments), spanning sectors including fintech (three), edtech (two), logistics and supply chain (one), and productivity and workspace (one). Portfolio companies include Chowdeck, Billboxx, Lingawa, Scale, Zydii, and gamp. Kaleo provides portfolio companies with access to mentorship networks in African and U.S. tech ecosystems, as well as U.S. and European VC relationships for downstream capital. The firm has co-invested alongside partners such as Y Combinator, Novastar Ventures, and The MasterCard Foundation.
Data updated · Jul 29, 2026
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Kaleo Ventures has backed 12 African startups across 16 disclosed funding rounds tracked on Liners, totaling $27.4M since 2022.
Mostly Seed: 9 of its 16 tracked rounds are at that stage, followed by Series A (3).
Kaleo Ventures's tracked rounds are concentrated in Nigeria (13), Kenya (2), South Africa (1).
Its tracked rounds lean toward Fintech (4), Energy & Utilities (4), Quick Commerce (1), and 7 more sectors.
Kaleo Ventures most often shares rounds with On.Capital (2 shared deals), JGC MIRAI Innovation Fund (2 shared deals), Seedstars (2 shared deals).
Kaleo Ventures invests across Africa, with a focus on Nigeria and Kenya in their portfolio. They target entrepreneurs in any geography on the continent.
Kaleo Ventures has backed Chowdeck (Nigeria, logistics), Billboxx (Nigeria, fintech), Lingawa (Nigeria, edtech), Scale (Kenya, productivity), Zydii (Kenya, edtech), and gamp (Nigeria, fintech).