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Since 2021, SANAD Fund has backed 5 African startups across 5 disclosed funding rounds totaling $54.6M, most heavily in Egypt and Fintech.
SANAD Fund for MSME is an impact investment fund structured as a Luxembourg based investment company with variable capital. It focuses on financing micro, small, and medium sized enterprises and low income households across the Middle East and North Africa and selected countries in Sub Saharan Africa, and is reserved for institutional, professional, or other well informed investors. In Africa, SANAD provides both debt and equity financing, typically via qualified local financial institutions and partners, to address funding gaps for entrepreneurs and MSMEs. Its activity includes backing digital finance and fintech solutions as well as commerce and retail platforms, reflected in investments in companies such as Djamo in Côte d’Ivoire, Khazna in Egypt, Cartona in Egypt, and Sky.Garden in Kenya. These transactions span Series A and other venture stage rounds and are concentrated in Egypt, Côte d’Ivoire, and Kenya within the investment data available. Through its focus on MSME finance, financial inclusion, and innovations in financial technologies, SANAD aims to foster economic development, job creation, and more inclusive access to finance in its target regions. The fund combines investment capital with technical assistance to strengthen partner institutions and support sustainable growth outcomes for its beneficiaries.
Data updated · Sep 12, 2026
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SANAD Fund has backed 5 African startups across 5 disclosed funding rounds tracked on Liners, totaling $54.6M since 2021.
Mostly Series A: 3 of its 5 tracked rounds are at that stage, followed by Venture (Round not Specified) (2).
Companies SANAD Fund has backed operate in Egypt (4), Côte d'Ivoire (1), Kenya (1), and 1 more market. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Fintech (3), E-commerce & Retail (3).
SANAD Fund most often shares rounds with Algebra Ventures (2 shared deals), Silicon Badia (2 shared deals), Endeavor Catalyst (1 shared deal).
SANAD Fund for MSME is an impact investment fund registered in Luxembourg as an investment company with variable capital. It focuses on providing debt and equity financing to micro, small, and medium sized enterprises and low income households in the Middle East, North Africa, and selected Sub Saharan African countries.
SANAD’s recorded investments in Africa include Djamo in Côte d’Ivoire, Khazna and Cartona in Egypt, and Sky.Garden in Kenya. These companies operate in fintech and e commerce and retail, which aligns with SANAD’s focus on financial inclusion and support for MSMEs through innovative financial and commercial services.
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