A $60M pan-African VC fund backing growth-stage tech companies across 7 countries. You need a Series A or B company, proof of meaningful traction, and operations in Nigeria, Kenya, Egypt, Morocco, South Africa, Côte d'Ivoire, or Ghana.
VKAV is a $60M pan-African fund formed by Verod Capital and Kepple Africa Ventures. It invests in growth-stage, tech-enabled companies. kepple-africa-ventures.com now redirects to vkav.vc.
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VKAV reviews applications on a rolling basis rather than in fixed rounds. Initial screening assesses stage fit, traction, team, and sector alignment. Promising founders are invited to pitch to a partner. Due diligence follows, including customer calls, financial audit, and background checks. Timelines from first application to term sheet typically run 8–12 weeks but vary.
What reviewers look for
The fund is $60M in total, but the sources do not state individual cheque size. For a Series A or B company, typical VC cheques in this region range from $500,000 to $5M depending on stage, traction, and team. Contact VKAV directly for guidance on their investment range.
Your company must have operations and be registered in one of the seven eligible countries. Remote work by the team is fine, but your legal entity and operations must have a home base in Nigeria, Kenya, Egypt, Morocco, South Africa, Côte d'Ivoire, or Ghana.
VKAV focuses on growth-stage (Series A and B) companies, so seed-stage businesses are outside their remit. Wait until you have 6–12 months of traction data, recurring revenue or a clear user base, and have raised a seed round or initial capital.
There is no fixed deadline; the fund reviews on a rolling basis. Typically, from initial application to a term sheet offer takes 8–12 weeks if you are shortlisted, but this can vary based on due diligence scope and responsiveness.
No. Multi-country operations are fine. What matters is that your company is registered and active in at least one of the seven eligible countries and that you can show how you plan to scale within the fund's geography.
Guide written from the official programme page on 15 October 2026. Funders change their rules, so confirm the details on the official page before you apply.
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Kenya
Egypt
Morocco
South Africa
Côte d'Ivoire
Ghana