About Golden Palm Investments
Golden Palm Investments is a venture capital firm founded in 2008. It is primarily based out of Legon, Ghana. As of Jan 2023, Golden Palm Investments has invested in 11 companies. It primarily invests in Seed round in Kenya based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of Jetstream Overall, Golden Palm Investments portfolio has seen 1 unicorn and 1 acquisition, namely Andela and Chaka. A lot of funds co-invest with Golden Palm Investments, with names like 4DX Ventures sharing a substantial percentage of its portfolio. Golden Palm Investments has team of 10 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Golden Palm Investments' List of Top Investments
Golden Palm Investments has a portfolio of 11 companies, one of which is a Unicorn. Their most notable investments are in Wirepay and ILLA.Their portfolio spans across Kenya, Nigeria, Canada and 3 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 10 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Golden Palm Investments:
1. Wasoko
Online retailer of everyday consumer goods providing delivery services to shops. It offers an application for shop owners to order products. Customer service agents and field sales agents are available to assist with registration. The company provides a credit facility for purchasing goods and later payment.
Key facts about Wasoko
- Founded Year: 2013
- Location: Nairobi (Kenya)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $152M
- Employee Count: 595 as on Feb 28, 2026
- Investors: Breyer Capital, Flucas Ventures and 38 Others
- Latest Funding Round: Series B, Mar 16, 2022, $*****
- Highlight: Editors' Pick
2. Andela
Tech talent training and employment solutions provider. The platform allows candidates to learn, develop skills and create a talent pool. It provides services for employers such as sourcing, assessment, matching candidates to the jobs, and more.
Key facts about Andela
- Founded Year: 2014
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $381M
- Employee Count: 1,252 as on Mar 31, 2026
- Investors: Finger Group, Generation Investment Management and 55 Others
- Latest Funding Round: Series E, Sep 29, 2021, $*****
- Highlight: Editors' Pick
3. RelianceHMO
Cloud-based health insurance platform for individuals and businesses. It offers solutions for telemedicine, doctor consultation, health benefits, pregnant women protection, and more. It uses artificial intelligence and data science for personalized health care.
Key facts about RelianceHMO
- Founded Year: 2015
- Location: Lagos (Nigeria)
- Stage: Series B
- Total Funding till date: $48M
- Employee Count: 587 as on Feb 28, 2026
- Investors: General Atlantic, Wormhole Capital and 15 Others
- Latest Funding Round: Series B, Feb 07, 2022, $*****
- Highlight: Editors' Pick
4. Ajua
Ajua is a SaaS-driven CRM software for auto dealers. It allows users to optimize customer experience, manage customer relationships, collect data to analyze & capture behaviour insights from the data. It enables teams to improve sales, automate customer journey, trigger actions, and understand customer interactions.
Key facts about Ajua
- Founded Year: 2012
- Location: Nairobi (Kenya)
- Stage: Series A
- Total Funding till date: $4.5M
- Investors: Spark Capital, MaC Venture Capital and 14 Others
- Latest Funding Round: Grant (prize money), Sep 06, 2022, $*****
- Highlight: Editors' Pick
5. Jetstream
Provider of technology-enabled logistics and collateral management services for trade. They offer services including stock monitoring, collateral management, deal flow, and underwriting support. The company facilitates visibility, physical possession of goods, inventory monitoring, and control over goods release. It provides real-time stock monitoring and digital tracking reports.
Key facts about Jetstream
- Founded Year: 2018
- Location: Accra (Ghana)
- Stage: Seed
- Total Funding till date: $16M
- Employee Count: 11 - 50 as on Jul 01, 2024
- Investors: Lightspeed Venture Partners, MSA Capital and 21 Others
- Latest Funding Round: Conventional Debt, Jan 10, 2023, $*****
Golden Palm Investments' Year-on-Year Investment Trends
Golden Palm Investments has invested in 11 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Jetstream and most recent follow-on round was in Wasoko.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
2019 | 0 | 1 | 1 |
2018 | 2 | 0 | 2 |
Golden Palm Investments' Investments by Stage
Golden Palm Investments has made 6 investments in Seed stage with an average round size of $4.5M and 2 investments in Series A stage with an average round size of $4.75M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 2 |
Note: We have considered here, only first round of investments
Golden Palm Investments' Investments by Sector
Golden Palm Investments has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Food and Agriculture Tech and Retail. Notably, it has invested in 10 Tech companies, 7 Consumer (B2C) companies, 7 Enterprise (B2B) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Enterprise Applications | 4 |
FinTech | 3 |
Food and Agriculture Tech | 2 |
Retail | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Golden Palm Investments' Investments by Geography
Golden Palm Investments has made most investments in Kenya (3), followed by Egypt where it has made 2 investments.Country | No. of Investments |
|---|---|
Kenya | 3 |
Egypt | 2 |
Nigeria | 2 |
Canada | 1 |
Ghana | 1 |
Note: We have considered here, only first round of investments
Golden Palm Investments' recent investments
Golden Palm Investments has not made any investment in 2026 so far.Here are the most recent investments by Golden Palm Investments:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 10, 2023 | Ghana | Seed | 7144 | [+6] | |
Mar 31, 2022 | Kenya | Seed | 7085 | [+11] | |
Mar 28, 2022 | Egypt | Seed | 3999 | [+2] | |
Oct 18, 2021 | Egypt | Seed | 9973 | [+7] | |
Jul 20, 2021 | Nigeria | Seed | 4504 | [+4] |
Unicorns in Golden Palm Investments' Portfolio
Golden Palm Investments has 1 unicorn in its portfolio - Andela. The most recent unicorn in their portfolio is Andela which became a unicorn in 2021, 4 years before Golden Palm Investments first invested in it.Here is a list of unicorns in Golden Palm Investments' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Tech talent training and employment solutions provider | 2014 | New York City | Series E | {kygizl |
Acquired companies in Golden Palm Investments' Portfolio
1 company from Golden Palm Investments' portfolio has been acquired. The most recent acquisition were Chaka in Sep 2023 by Rise.Here are Golden Palm Investments' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2023 | Jul 20, 2021 | Seed | 9700 |
Team profile of Golden Palm Investments
Golden Palm Investments has a team of 10 members including 2 Partners and 1 Principal located in United Kingdom, United States and 1 more location. Golden Palm Investments' team does not sit on the board of any company as of now.Here is a list of all team members in Golden Palm Investments:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Le Grand Saconnex | - | ||
Partner | New York | - | ||
Principal | London | - |
Co-investors of Golden Palm Investments
Over the past 8 years, 80 investors have co-invested in Golden Palm Investments's portfolio companies. This includes funds and angels.
- Invested before Golden Palm Investments: 4DX Ventures, Chandaria Capital and 15 others have invested in rounds before Golden Palm Investments. There are 2 companies where 4DX Ventures has invested before Golden Palm Investments and 1 company where Chandaria Capital has invested before Golden Palm Investments.
- Top Co-investors of Golden Palm Investments: 42 investors entered a company along with Golden Palm Investments. These include investors like 4DX Ventures (3 companies).
- Invested after Golden Palm Investments: A total of 21 investors have invested in Golden Palm Investments's portfolio after their investments. Top Investors include Quona (1 company), Amplo (1 company) and Breyer Capital (1 company).
Recent News related to Golden Palm Investments
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Renda completes a pre-seed funding round with $1.9 millionTechgist Africa•May 04, 2024•Renda, Ingressive Capital, Techstars, 54 Collective and 7 others
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Nigeria’s Renda raises $1.9m to Optimize Order Fulfillment for Businesses in AfricaTechMoran•May 03, 2024•Renda, 54 Collective, Golden Palm Investments, Reflect Ventures and 7 others
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Talstack secures $850K in pre-seed funding to upskill Africa’s workforceTechloy•Jun 16, 2023•Talstack, TLcom, Voltron Capital, Ventures Platform and 2 others
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Jetstream, a Ghanaian e-logistics platform for Africa’s B2B importers and exporters, takes in $13M equity, debtTechCrunch+•Jan 10, 2023•Jetstream, Octerra, Wuri Ventures, Seed9 and 21 others
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Pastel, a bookkeeping and customer relationship management platform based in Nigeria, raises $5.5 million in seed fundingTechgist Africa•Aug 19, 2022•TLcom, Pastel, Global Founders Capital, Golden Palm Investments and 8 others
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Eksab, an Egyptian esports startup, has raised $3 million in a seed round.Techgist Africa•Apr 04, 2022•Eksab, 4DX Ventures, Capital Bank, Golden Palm Investments and 1 other
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Tushop Raises $3M Pre-Seed Funding to Scale Community Group-Buying in KenyaTechMoran•Mar 31, 2022•Tushop, 4DX Ventures, Breyer Capital, Chandaria Capital and 7 others
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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across AfricaTechCrunch+•Dec 14, 2021•Wowzi, 4DX Ventures, Golden Palm Investments, LoftyInc Capital Management and 4 others
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Appetito, an Egyptian grocery delivery startup, has raised $2 million in a pre-Series A funding roundTechgist Africa•Nov 09, 2021•Appetito, Golden Palm Investments, DFS Lab, Jedar Capital and 1 other
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Nigeria’s Autochek raises $13.1m seed funding round for West Africa expansionDisrupt Africa•Oct 26, 2021•Autocheck Africa, TLcom, 4DX Ventures, Golden Palm Investments and 12 others
