Delta40 completes $20m capital raise
Delta40 has secured $20 million in funding to support its integrated venture studio and fund.
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Delta40 has secured $20 million in funding to support its integrated venture studio and fund.
Delta40 initially launched its venture studio model in Kenya and has since expanded to Lagos, Nigeria. The firm has a unique venture studio and fund model that combines early-stage capital with embedded product, fundraising, commercial, finance, legal, growth, and exit expertise. Through this model, Delta40 partners with founders from idea to scale. It backs startups in sectors such as energy and mobility, agriculture, and fintech.
“Through Delta40, we’re building and scaling innovations that transform lives, economies, and planetary health across Africa – with solutions that can power and feed the world. What sets this model apart is our community of innovators, investors, and business leaders who provide hands-on support from idea to pan-African scale and impactful exits. Over 75% of our investors and team have built ventures in Africa, bringing deep experience, networks, and lessons from successful exits across the continent and beyond,” said Lyndsay Holley Handler, founder and CEO of Delta40.
As a venture studio, Delta40 invests initial cheques ranging from $100,000 to $500,000 at the idea-to-seed stage, with the potential for follow-on investment.
The firm’s institutional investors and partners include the Soros Economic Development Fund, FMO, GIZ, Autodesk Foundation, The Rockefeller Foundation, Allan & Gill Gray Philanthropies, Livelihood Impact Fund, Small Foundation, Lemelson Foundation, Factor(E) Ventures, and Skoll Foundation.
“Delta40 exemplifies the kind of bold, locally-led innovation that is essential to building inclusive economies and environmental resilience across Africa. At SEDF, we are proud to support visionary founders who are solving urgent challenges – and shaping a more just and sustainable future,” commented Georgia Levenson Keohane, CEO of Soros Economic Development Fund.
To date, Delta40 has invested in and supported 16 companies, including five ventures built directly within its studio.
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