Altree Capital
Office 3, 11th Floor, Westpark Towers, Mpesi Road Westlands, Nairobi, Kenya
Overview
Altree Capital is a provider of African asset management and investment advisory services to institutional investors across the globe.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Uncover
Participated · Seed · Jul 2024
Uncover is a data-driven skincare brand for women, established in 2021 in Kenya, that develops scientifically backed products tested and approved by women of color. The company has built an educational tech platform that enables community engagement, relatable product discovery, and educational content, using thousands of data points to personalize recommendations. In the past 24 months Uncover has grown revenue tenfold and established a digital community of over 200,000 women across Kenya, Nigeria, and the diaspora. The startup recently expanded into Uganda and Ghana and is seeing global demand from African diaspora populations. It plans to use new funding to further develop its platform, introduce new products, enter additional markets, and continue leveraging data for personalization. Leadership frames Uncover as a movement to prioritize women of colour and aims to become the leading skincare brand for skin rich in melanin. Uncover is a Nairobi-headquartered, data-driven, digital-first women's brand focused on skincare and women’s health and wellbeing in Africa. The company blends Korean skincare technology with African ingredients to develop its products. It was launched out of the global VC accelerator Antler by founders Sneha Mehta, Jade Oyateru, and Catherine Lee. Since founding, Uncover reports a 20x increase in monthly revenue and a community of almost 60,000 women. The startup plans to use recent funding to launch more products, expand into additional African markets, and improve its technology and data capabilities. Management is preparing to enter the Nigerian market in January 2023 and is working on a third country entry.
- Kasha
Participated · Series B · Jul 2023
Kasha is a digital retail and last-mile distribution platform founded in 2016 that focuses on women’s health products alongside fast-moving consumer goods. It serves individual consumers, small resellers, pharmacies, hospitals, and clinics via website and USSD, and also operates a wholesale supply business after obtaining a pharmaceutical license. The company offers telehealth connections when customers lack prescriptions and provides inventory credit to pharmacies, clinics and hospitals. Kasha sources products directly from manufacturers to ensure authenticity and leverages last-mile channels and content to reach mass-market customers in urban and rural areas. Since its Series A, the company reports annual recurring revenue growth of 50x and says it will use new capital to expand across Africa and invest in strategic areas of the business. CEO Joanna Bichsel has stated ambitions to scale the business globally and potentially pursue a public listing in the future. Kasha is an e-commerce platform that aims to improve women’s access to health, hygiene and self-care products in East Africa. It sells and distributes items such as hand sanitisers, antibacterial soaps, masks and gloves. CEO Joanna Bichsel said the service can act as a safe channel to obtain these items during the Covid-19 pandemic and that the company plans to offer Covid-19 diagnostic rapid tests eventually. The article reports that Finnish development financier Finnfund invested $1 million in Kasha. The funding was described as potentially vital under Covid-19 because Kasha provides contactless access to essential products. No other financial metrics or prior rounds were reported in the article.
Team
No current team members are available.