Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2021, SANAD Fund has backed 4 African startups across 5 disclosed funding rounds totaling $54.6M, most heavily in Egypt and E-commerce & Retail.
SANAD Fund for MSME is an impact investment fund that focuses on financing micro, small, and medium enterprises and low income households in the Middle East, North Africa, and selected countries in Sub Saharan Africa. It is structured as a specialized fund vehicle and is based in Luxembourg, with the fund’s official information and governance presented via its website. In Africa, SANAD has been an active institutional investor in venture stage and Series A funding rounds. Based on available transaction data, the fund has participated in at least five rounds between June 2021 and April 2025, committing approximately 54.6 million US dollars. These investments have primarily targeted fintech and e commerce and retail businesses, with notable geographic focus on Egypt, Côte d’Ivoire, and Kenya. Companies backed include Djamo in Côte d’Ivoire, Khazna and Cartona in Egypt, and Sky.Garden in Kenya. SANAD’s investment approach emphasizes supporting underfunded entrepreneurs and expanding access to finance, particularly through local financial sector partners. Its broader mandate is to foster economic development and job creation across its target regions, while delivering sustainable returns to its investors. Within Africa’s startup ecosystem, SANAD often invests alongside other regional and international funds, reflecting a collaborative approach to scaling promising fintech and digital commerce platforms that improve access to financial services and markets for underserved populations.
Data updated · Aug 5, 2026
SANAD Fund has backed 4 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).
SANAD Fund's tracked rounds are concentrated in Egypt (3), Côte d'Ivoire (1), Kenya (1).
Its tracked rounds lean toward E-commerce & Retail (3), Fintech (2).
SANAD Fund most often shares rounds with Silicon Badia (2 shared deals), Janngo (1 shared deal), Oikocredit (1 shared deal).
SANAD Fund for MSME is an impact investment fund that provides financing to micro, small, and medium enterprises and low income households across the Middle East, North Africa, and parts of Sub Saharan Africa. It operates as a specialized fund vehicle based in Luxembourg and works through local financial sector partners to channel funding to entrepreneurs.
Based on recorded transactions, SANAD has backed Djamo in Côte d’Ivoire, Khazna and Cartona in Egypt, and Sky.Garden in Kenya. These investments reflect a focus on fintech and e commerce and retail ventures that expand access to financial services and markets for underserved customers.