Fundraising Fox
Kazana Fund
Venture capitalAddis Ababa · Pre-Seed–Seed · 7 people tracked
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Investment thesis
Kazana Fund targets pre-seed and seed startups building for East African markets, with particular focus on Ethiopia's newly opening economy of 120M+ people. The firm emphasizes first-mover access to recently liberalized banking, telecom, retail, and capital markets, citing 2022 private banking licenses, the end of the telecom state monopoly, Ethiopia's 2024 lifting of restrictions on foreign investment in trade, and strong sustained GDP growth. It invests across fintech, agritech, healthtech, and cleantech, backing strong teams in real markets rather than fixed categories, and provides hands-on regional support including introductions and regulatory unblocking.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website
Addis Alemayehou serves as Chairman at Kazana Group and as a General Partner at Kazana Fund. He is also Co-founder and Chief Revenue Officer at Dodai. His work spans business development and strategy across African markets, drawing on more than twenty years of experience.
Patrice Backer is a Partner and Chief Investment Officer at AFIG Funds, a private equity fund management company based in Senegal. The firm's investment activities are focused on Africa.
Shiru Mwangi is an investment and finance professional with over 25 years of experience spanning corporate and investment banking, global markets, and impact and blended finance across Africa and internationally. Her work involves structuring capital across equity, debt, convertible instruments, and blended finance vehicles, and she has managed portfolios in agriculture, energy, and education while serving on boards, investment committees, and credit committees. She also owns and operates a mango farm with GlobalG.A.P certification and export licensing, providing operational exposure to agricultural production, climate variability, and regulatory compliance.
Co-founder and CEO of Villgro Africa, holding an MBA from the University of Milan and a BSc in Computer Science from Egerton University. An angel investor and transaction advisor active in the African entrepreneurial ecosystem, he scaled Villgro from India to Africa after a 2013 fellowship and serves on several boards and investment committees.
What they invest in
from 2 of 2 portfolio companiesB2B Marketplaces ×1Circular Economy ×1Climate Tech ×1Enterprise Software ×1Logistics & Supply Chain ×1Mobility & Transportation ×1New Materials ×1SaaS ×1
HQs:Ethiopia×1Kenya×1
Investments · 2 tracked
founders shown can be your intro path
Kubik operates a circular economy model that turns urban waste, including plastic, into low-carbon building materials for industries such as cement, working with cities and municipalities to improve waste management.
Circular EconomyClimate TechNew Materials
Kidus Asfaw(Founder & CEO)in
Co-investorsEndgame CapitalHalcyonMo AngelsPlug and Play VenturesSatganaUnruly Capital+1 more
OKOA Rescue provides fleet maintenance and roadside rescue services to commercial logistics operators in Africa, operating through a network of vetted service providers to minimize vehicle downtime and operational disruptions.
B2B MarketplacesEnterprise SoftwareLogistics & Supply ChainMobility & TransportationSaaSKenya, KE
Co-investorsNairobi Business Angel Network
Frequently asked questions
- What stage does Kazana Fund invest at?
- Kazana Fund invests at the Pre-Seed, Seed stages.
- What is Kazana Fund's typical check size?
- Kazana Fund typically writes checks of $100K – $250K.
- What sectors does Kazana Fund focus on?
- Kazana Fund focuses on AgTech, Cleantech, Fintech, Healthtech, Sector Agnostic.
- Where is Kazana Fund located?
- Kazana Fund is headquartered in Addis Ababa, ET.
- Who does Kazana Fund co-invest with?
- Kazana Fund most often shares deals with Halcyon, Mo Angels, Plug and Play Ventures, among 7 tracked co-investors.
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