# FSD Africa Investments: portfolio, investments and team > FSD Africa Investments is an investment firm based in Kenya. 5 investments on record, 4 in the last 12 months, latest Jul 2026. Source: https://millionrounds.com/fund/fsd-africa-investments (Millionrounds; every figure on the page links to its filing or article) Kenya · [Investor](https://millionrounds.com/investors) # FSD Africa Investments Last cheque observed Jul 2026; 5 cheques on record. Deploying now Investment firm Seed Series A Financial Markets Early-stage Finance Carbon Markets Deploying now **100%** of best year **4** **cheques in 12 months**, 5 on record Since the last cheque **96** days **00** hrs **00** min **00** sec Median round **$10M** Rounds led **4 of 5** Sole investor **1 rounds** Pitch FSD Africa Investments ## FSD Africa Investments highlights - 01 4 cheques in the last 12 months - 02 Mostly Series C: 100% of its rounds - 03 Sole investor in 1 rounds, median $1.3M ## What they do > FSD Africa Investments is listed as a focus area under 'Our Work', and the site describes itself as 'making finance work for Africa's future' through financial sector development programmes, but it does not specify its investment type or mandate clearly. From their own website - **Type:** Investment firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A - **Sectors:** Financial Markets Early-stage Finance Carbon Markets - **Based in:** Nairobi, Kenya - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 4 rounds - **Jul** **[IndluLiving](https://millionrounds.com/company/indluliving)** ZA · FSD Africa Investments **$9.2M** *Led* - **Jul** **[iungo Capital](https://millionrounds.com/company/iungo-capital)** KE · FSD Africa Investments **$1.3M** *Led* - **Jun** **[ARM-Harith Infrastructure Investments Limited](https://millionrounds.com/company/arm-harith-infrastructure-investments-limited)** NG · ARM **$76M** With 1 other - **Jun** **[3iF Ventures](https://millionrounds.com/company/3if-ventures)** FSD Africa Investments **$12M** *Led* - **2022** 1 round - **Jul** **[Persistent Energy Capital LLC](https://millionrounds.com/company/persistent-energy-capital-llc)** Series C · US · Firms' own news pages **$10M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **117** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Funds they back ## 1 fund commitment on record - **Managers:** 1 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [ARM-Harith Infrastructure Investments Limited 1 fund](https://millionrounds.com/fund/arm-harith-infrastructure-investments-limited) Most recent commitments - [ARM-Harith Infrastructure Investments Limited Successor Fund](https://millionrounds.com/fund/arm-harith-infrastructure-investments-limited) ## What they claim to have backed From their own portfolio page (on their website) **1** of 6 we have independently watched raise [Cape](https://millionrounds.com/company/cape) BimaLab BimaLab Africa Pafma Procurement Sustainableinsurancedeclaration Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Seed Series A Median round joined **$10M** the round, not its cheque Alone, median **$1.3M** Led 4 of 5 rounds **80%** - **Sole investor:** 1 rounds - **Last cheque:** Jul 2026 Rounds by stage said on their site - Series C *1* - Seed said *-* - Series A said *-* Cheques by month Led Joined Nov 2023 Oct 2026 **Pitching FSD Africa Investments?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about FSD Africa Investments ### What does FSD Africa Investments invest in? FSD Africa Investments invests most often at Series C (100% of the rounds on record), in sectors such as Financial Markets, Early-stage Finance and Carbon Markets. ### How active is FSD Africa Investments? 5 investments on record, 4 of them in the last 12 months, and it led 4. The most recent was in Jul 2026. ### What has FSD Africa Investments invested in recently? Its most recent investments on record: IndluLiving (Undisclosed round, Jul 2026), iungo Capital (Undisclosed round, Jul 2026) and ARM-Harith Infrastructure Investments Limited (Undisclosed round, Jun 2026). ### How big are FSD Africa Investments's cheques? The median round it joins is $10M. ### Does FSD Africa Investments lead rounds? Yes: it led 4 of its 5 investments on record (80%). ### Is FSD Africa Investments investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### What kind of investor is FSD Africa Investments? FSD Africa Investments is an investment firm based in Nairobi, Kenya. ### When was FSD Africa Investments founded? FSD Africa Investments was founded in 2012. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fsd-africa-investments) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fsd-africa-investments)