Seed Fund

Nailab Seed Fund (NSF) is an angel fund founded by Nailab and ICCO whose aim is to invest in early stage seed capital to promising technology (software and hardware) startups in East Africa. The investment will be geared towards accelerating the startups growth to realize more economic returns.

Investment Model

The fund will invest in East African startups that make a smart use of technology. The investment will be a convertible note of up to KES 2.5M, with a maturity of 24 months and a 6-month grace period. The startups to be funded will have to meet the criteria below:

  • Product validation/proof of concept should be in place
  • Your team consists of driven and committed entrepreneurs
  • Your product is highly scalable
  • The idea should be technologically driven
  • The business should be duly registered and operational in Kenya
  • Idea/product should demonstrate a clear social or economic
  • Idea/product should be ready to launch within six months
  • The startup should have an innovative product or service

We offer you

As a startup you will benefit from:

  • Personalized business development support
    Personalized business development support on key business areas
  • Introduction to new networks for growth
    Introduction to new networks for growth.
  • Personalized consultation hours with mentors
    Personalized consultation hours with professional and experienced mentors

Funded Startups

  • Btrack is a startup that was founded to secure motorbikes in Africa against theft. We have designed a functional GPS-based Tracking Device that enables the owner to remotely monitor and reposes the motorbikes incase its stolen. Btrack is currently safeguarding the livelihood of thousands of motorbikes operators across East Africa.
  • Hired Help is a company that provides cleaning service that provides thorough home cleaning, selective cleaning like laundry, upholstery cleaning, house help training and recruitment. Hired Help works with women from the informal sector to help them get gainful employment.
  • Keja Move is a logistics company that uses technology to provide reliable and convenient relocation services to individuals, businesses and institutions in Kenya.