Sunu Capital
Nairobi, Nairobi Area, Kenya
Overview
SUNU Capital is an early-stage venture capital fund investing in companies that are creating a more prosperous, inclusive, and self-sustaining future across the global south.SUNU makes tailored investments to help companies pursue game-changing opportunities and realize their vision. Post-investment, we draw upon our network to offer additional capacity and capital that helps businesses grow and prepare to access follow-on investments. We move swiftly and responsively. They commit long-term. We love a good challenge.
- Total investments
- 5
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Venture Capital
Investment portfolio
- Hohm Energy
Participated · Seed · Feb 2024
Hohm Energy runs a software and marketplace model that automates proposal and custom design processes, matches homeowners with accredited solar installers, and integrates procurement and finance. Its platform includes mobile apps and SaaS tools for installers, a “Home Ranger” supervision feature for installations, and a fulfillment process covering post-sales repair and maintenance. The company has produced more than 17,000 tailored rooftop designs valued at $190 million and has facilitated over $90 million in finance applications to retail banking partners. Average order value on the platform is roughly $8,000–$12,000, and the business reports a 4x–5x increase in GMV and revenue since launch. Hohm partners with South African retail banks (Investec, Nedbank, MFC, WesBank and Capitec) to offer structured financing options including home loans, solar loans and lease‑to‑own. The team says it aims to attain sustainable profitability this year and will use the new funding to double down on its climate‑fintech strategy, bolster technology, and launch a program to train local solar installers. While the model is seen as scalable to other African and emerging markets, Hohm remains focused on deepening its presence in South Africa given ongoing power disruptions.
- Africa Health Holdings Ltd
Participated · Series A · Nov 2021
Africa Health Holdings runs multiple hospital brands and a telemedicine platform (MyCareMobile) across Ghana, Kenya and Nigeria, aiming to build a tech-forward healthcare system. The company operates about 40 facilities across three brands—Meridian Health Group in Kenya, Rabito Clinic in Ghana and Care Point Hospitals in Nigeria—and also runs pharmacies and laboratories. It attends to roughly 200,000 patients annually who use its telemedicine platform for referrals, consultations and treatment. MyCareMobile provides teleconferencing consultations, access to test results and 24-hour emergency response, and supports electronic follow-ups through a mobile app. The firm plans to expand its telemedicine service beyond Ghana into Kenya and Nigeria and to grow its footprint within East, North and Southern Africa. Africa Health Holdings is investing in micro-tech-enabled clinics with virtual doctors' offices, diagnostic technologies and nursing support to deliver lower-cost care for people from lower socioeconomic classes.
- Tazah Technologies
Participated · Seed · Oct 2021
Tazah operates a B2B marketplace and logistics service that sources, inspects and sorts fresh produce into buyer-specific categories (household, restaurants, retailers, French‑fry grade, etc.). Launched two months ago in Lahore by founders Abrar Bajwa and Mohsin Zaka (who met at Careem), the platform currently serves about 300 small- to medium-sized sellers and moves multiple truckloads of produce per day. It offers five main products — ginger, garlic, tomatoes, potatoes and onions — and reports a monthly retention rate of more than 80%, with most customers purchasing about four times a week. Tazah runs small fulfillment centers and partners with third‑party warehousing and trucking providers to keep costs low while shortening the supply chain to reduce waste. The company is building a data and analytics capability to help farmers plan crops and intends to add financing options for farmers after further procurement cycles and research. Part of the current funding will be used to expand its fulfillment center network across Lahore ahead of broader regional expansion.
- Sendy
Participated · Series B · Jan 2020
Sendy operates an end-to-end fulfillment service and a technology platform that connects online sellers to logistics providers. The company said it is moving away from an asset-heavy model in Nigeria and will cease on-the-ground fulfillment there while keeping fulfillment operations in other markets. Sendy launched in Nigeria at the end of 2021 and currently operates across multiple African markets including Kenya, Uganda and Ivory Coast. Co-founded in 2015 by Evanson Biwott, Don Okoth and Malaika Judd, Sendy has about 220 employees and confirmed that some jobs will be lost in its latest round of layoffs. Management says the company will focus on being a fully integrated tech solution that receives orders via e-commerce plugins, ERPs or API and will advise sellers and find logistics partners, with plans to offer additional services like financial services and storefronts. The company has cited macroeconomic headwinds that have made fundraising harder and is concentrating on markets where it has attained product-market fit. Sendy is a Kenyan logistics startup with an on-demand platform that connects clients to contract drivers and vehicles for e-commerce, enterprise and freight deliveries. It operates an asset-free marketplace coordinated via an app that confirms deliveries, creates performance metrics and manages payments, and it reports about 5,000 vehicles on its platform. Sendy has offices in Kenya, Tanzania and Uganda and serves clients including Unilever, DHL, Maersk, Safaricom and Jumia. The company takes a percentage of each transaction and also facilitates services for drivers such as insurance, vehicle financing, servicing and fuel credits. Founded in 2015, Sendy plans to expand to West Africa in 2020 and will use its Series B to hire and upgrade engineering and data teams to improve operational efficiency. The new round brings Sendy’s total funding to $29 million. Sendy is an on-demand delivery platform that connects individuals and small businesses to third-party transporters via a mobile app and website. It links customers to motorbikes, vans and pickup trucks, optimizing vehicles already on the road. The company’s primary revenue stream is a per-delivery commission charged to the logistics partner. Launched in Nairobi in 2015, Sendy currently covers Kenya, Uganda and Tanzania and intends to expand to cover all East Africa. It has completed over 180,000 deliveries, has more than 700 drivers on its platform, and posted revenues of USD 1.5 million in 2018.
- Neopenda
Led · Seed · Apr 2019
Neopenda develops a wearable neonatal vitals monitor that continuously measures pulse rate, respiratory rate, oxygen saturation and temperature and wirelessly transmits data to a tablet. The device is rechargeable, low-power and designed for settings with inconsistent electricity. Neopenda plans to begin manufacturing and commercializing the product with the new financing and to expand clinical pilots beyond its current base in Uganda. The company was founded in 2015 by Sona Shah and Teresa Cauvel and participated in the 2018 Techstars Chicago cohort. Earlier this year the startup raised about $288,000 in a crowdfunding campaign. The new funding will support commercialization and broader clinical deployment.
Team
Benjamin Schmerler
Co-Founder, Partner & Managing Director