Safaricom Spark Venture Fund

Profile, fund size and portfolio

Parent SafaricomHQ Nairobi, KenyaFounded 2015

Safaricom Spark Venture Fund is the corporate venture arm of Safaricom, a telecommunications company. It was founded in 2015 and is based in Nairobi, Kenya. It invests from pre-seed to seed. Sectors it names: food and agriculture, education, healthcare and digital health.

Fund sizeS3: USD 1M
Companies backedS3: 6

Every figure links to its source

Snapshot

Investment stage: Pre-seed to Seed

Data behind this graphic

Data behind this graphic
Item	Value
Stage range	Pre-seed to Seed
Sectors	Food and agriculture, Education, Healthcare and digital health
Geography	Middle East and Africa
Offices	Nairobi, Kenya

Sources: S1 Safaricom Newsroom: A spark for innovations that transform lives (2023-04-03).

Scale and capital allocated

Data behind this graphic

Data behind this graphic
Measure	Value	Unit	Kind	Source
Headline size	USD 1M	Fund size	Stated by the firm or its parent	S3
Companies backed	6	companies	Stated by the firm	S3
Companies on the firm's portfolio page	5	companies	Counted from the firm's own list	S1

Sources: S3 Safaricom: Spark Fund invests in agri-tech startup iProcure (2021-11-09); S1 Safaricom Newsroom: A spark for innovations that transform lives (2023-04-03).

Where it invests

Geography

Headquarters: Nairobi, Kenya
Offices: Nairobi, Kenya

Investment regionsS1

Middle East and Africa

Key facts

Fact	Value	Status	Source
Parent company	Safaricom	Single source	S1
Parent industry	Telecommunications	Single source	S1
Founded	2015	Single source	S1
Headquarters	Nairobi, Kenya	Single source	S2
Status	Active	Single source	S2
Capital source	Parent company only	Single source	S1
Headline size	USD 1M (Fund size)	Single source	S3
Companies backed	6	Single source	S3
Stages	Pre-seed, Seed	Single source	S1

Fund vehicles

Vehicle	Size	Year	Source
Spark Venture Fund	USD 1M	2015	S1

Recent rounds

Date	Company	Round	Amount	Source
2021-11-09	iProcure	Not stated	Not stated	S3

Portfolio

The firm's portfolio page lists 5 companies.S1

The firm also states 6 companies backed. The page list and the stated total measure different things.S3

Shared portfolio with other corporate VCs

1 companies on the Safaricom Spark Venture Fund portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

Firm	Shared	Companies in common
Hyundai Investment Partners	1	Sendy
Lotte Ventures	1	Sendy

Companies backed by the most corporate VCs

Every company on the Safaricom Spark Venture Fund list

5 companies, as listed on the firm's own website.S1 Read the firm's list.

Ajua
Eneza Education
iProcure
Sendy
Soko Fresh

Sources

S1Safaricom Newsroom: A spark for innovations that transform lives (2023-04-03)Parent company
S2Safaricom: shareholders approve two new subsidiaries to invest in start-ups (2023-07-28)Parent company
S3Safaricom: Spark Fund invests in agri-tech startup iProcure (2021-11-09)Parent company

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by Safaricom Spark Venture Fund or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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