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Since 2022, Palm Drive Capital has backed 3 African startups across 3 disclosed funding rounds totaling $168M, most heavily in Nigeria and Fintech.
Palm Drive Capital is a New York-based venture capital and growth equity firm. Its official website describes the firm as investing in software and internet companies. In Africa, the firm has backed fintech companies at the Series A and Series B stages. Based on the records provided, its African portfolio includes Umba in Kenya, and Moove and LemFi in Nigeria. Its activity in the region has been concentrated in fintech, with all recorded African investments in that sector.
Data updated · Aug 6, 2026
Palm Drive Capital has backed 3 African startups across 3 disclosed funding rounds tracked on Liners, totaling $168M since 2022.
Mostly Series B: 2 of its 3 tracked rounds are at that stage, followed by Series A (1).
Its tracked rounds lean toward Fintech (3).
Palm Drive Capital most often shares rounds with Y Combinator (1 shared deal), Endeavor Catalyst (1 shared deal), Highland Europe (1 shared deal).
The companies listed in the provided records are LemFi, Moove, and Umba. All three are fintech companies in Africa.
The provided records show Palm Drive Capital’s active investment period in Africa running from April 2022 to January 2025. During that period, it completed three recorded funding rounds in the region.
