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The Venture Codex

Delta40

71 Church Rd, Nairobi, Kenya

Overview

Venture studio investing in African female entrepreneurs in key sectors.

Founded

2021

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Kenya

Sector focus

Impact Investing
Venture Capital

Investment portfolio

2rounds
NAMEDATESIZE
Flowt
Sep 2026Participated
$0.55 MSeed
Farm to Feed
Nov 2025Led
$1 MSeed
Flowt
Sep 2026Participated
$0.55 MSeed
Farm to Feed
Nov 2025Led
$1 MSeed
2
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Delta40: 2 funding rounds are recorded in the selected participation categories.All available history.
Delta40: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11

Monthly Deal Activity

Delta40: 2 deals are recorded across 12 months.All available history.
Delta40: 2 deals are recorded across 12 months. All available history
MonthDeals
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Delta40: Networks, Cloud & Communication is the largest displayed sector by deal count (1 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Delta40: Networks, Cloud & Communication is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Networks, Cloud & Communication1
Fintech1
Food & Agriculture1
Professional Services1
Data, Analytics & IT1
Transportation & Logistics1

Deal Size Distribution

Delta40: 2 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Delta40: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Delta40: Kenya has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Delta40: Kenya has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Kenya2
Delta40: 8 co-investors are shown, with 54 Collective sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Delta40: 8 co-investors are shown, with 54 Collective sharing 1 recorded deals. All available history
Co-investorShared deals
54 Collective1
Catalyst Fund1
Draper Richards1
Holocene1
Impacc1
Levare Ventures1
Marula Square1
Mercy Corps Ventures1

Investment Strategy

Delta40: Led accounts for 50% and participating for 50% of round participation.All available history.
Delta40: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led150%
Participating150%
Delta40: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Delta40: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Lyndsay Holley Handler

Partner & Chief Venture Builder