About Marula Square
Marula Square is a venture capital firm founded in 2021. It is primarily based out of Amsterdam, Netherlands. As of Nov 2025, Marula Square is an active investor, having invested in 5 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Kenya based startups. Its investments are spread across a wide range of sectors from HealthTech to Food and Agriculture Tech and Enterprise Applications. Most recently it participated in the $***** Seed round of Farm to Feed A lot of funds co-invest with Marula Square, with names like DEG sharing a substantial percentage of its portfolio. Marula Square has team of 15 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed
Deals in last 12 months
Marula Square's List of All Investments
Marula Square has a portfolio of 5 companies. Their most notable investments are in Zuri Health and Winichfarms.Their portfolio spans across Kenya, Nigeria, South Africa and 1 more locations. They have invested in HealthTech, Food and Agriculture Tech, Enterprise Applications and 3 other sectors, across stages such as Seed stage. Here is the list of all investments by Marula Square:1. Farm to Feed
Key facts about Farm to Feed
- Founded Year: 2020
- Location: Nairobi (Kenya)
- Stage: Seed
- Total Funding till date: $1.37M
- Employee Count: 12 as on Jul 01, 2024
- Investors: DEG, Draper Richards Kaplan Foundation and 8 Others
- Latest Funding Round: Grant (prize money), Nov 03, 2025, $*****
2. Winichfarms
Key facts about Winichfarms
- Founded Year: 2019
- Location: Lagos (Nigeria)
- Stage: Seed
- Total Funding till date: $3.29M
- Employee Count: 6 as on Jul 01, 2024
- Investors: Plug and Play Tech Center, Expert DOJO and 8 Others
- Latest Funding Round: Seed, Jun 16, 2025, $*****
3. LocumBase
Online platform for doctors to search for locum jobs. The platform aids doctors in searching for desired replacement according to the needs for temporary requirements, and book according to the needs. The platform connects locums in an area to hospitals.
Key facts about LocumBase
- Founded Year: 2016
- Location: Cape Town (South Africa)
- Stage: Seed
- Total Funding till date: $40K
- Employee Count: 12 as on Jul 01, 2024
- Investors: Grindstone, Montegray Capital and 4 Others
- Latest Funding Round: Seed, Sep 22, 2022, $*****
- Highlight: Editors' Pick
4. Zuri Health
Provider of an online teleconsultation & appointment booking platform for multiple diseases. It provides a digital health platform that enables users to find healthcare professionals based on their needs and can schedule an appointment with them. It provides an online pharmacy where users can order medications for multiple therapeutic conditions. Users can also search for diagnostic labs, hospitals, home care services, and more.
Key facts about Zuri Health
- Founded Year: 2020
- Location: Nairobi (Kenya)
- Stage: Seed
- Total Funding till date: $1.3M
- Employee Count: 17 as on Jul 01, 2024
- Investors: Launch Africa, MassChallenge and 11 Others
- Latest Funding Round: Seed, Jul 31, 2023, $*****
- Highlight: Editors' Pick
Provider of market research consulting services for life science sector. It connects businesses with real-world opportunities in life sciences by combining data, technology, and people. It offers research data visualization platforms and research support apps that combine data curated quarterly from healthcare professionals and patients.
Key facts about PBR Life Sciences
- Founded Year: 2015
- Location: London (United Kingdom)
- Stage: Seed
- Total Funding till date: $1.12M
- Employee Count: 2 as on Sep 30, 2023
- Investors: Techstars, Microtraction and 6 Others
- Latest Funding Round: Seed, Dec 20, 2024, $*****
Marula Square's Year-on-Year Investment Trends
Marula Square has invested in 5 companies over the last 3 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 1 investment. Its most recent first time investment was in Farm to Feed.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 2 | 0 | 2 |
2023 | 1 | 0 | 1 |
Marula Square's Investments by Stage
Marula Square has made 4 investments in Seed stage with an average round size of $1.59M.Marula Square's Investments by Sector
Marula Square has a diverse portfolio, with companies operating in the Food and Agriculture Tech, HealthTech, Healthcare and Nonprofits. Notably, it has invested in 2 Consumer (B2C) companies, 2 Enterprise (B2B) companies, 2 Tech companies and at least 1 company focusing on Social impact.Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 1 |
HealthTech | 1 |
Healthcare | 1 |
Nonprofits | 1 |
Note: We have considered here, only first round of investments
Marula Square's Investments by Geography
Marula Square has made most investments in Kenya (2), followed by Nigeria where it has made 1 investment.Country | No. of Investments |
|---|---|
Kenya | 2 |
Nigeria | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Marula Square's recent investments
Marula Square has not made any investment in 2026 so far.Here are the most recent investments by Marula Square:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 03, 2025 | Kenya | Seed | 9565 | [+6] | |
Dec 20, 2024 | United Kingdom | Seed | 1873 | [+6] | |
Oct 02, 2024 | Nigeria | Seed | 5275 | [+4] | |
Jul 31, 2023 | Kenya | Seed | 5675 | - |
Team profile of Marula Square
Marula Square has a team of 15 members including 2 Partners, 1 Venture Partner and 2 Principals located in United States, United Kingdom and 2 more locations. Marula Square's team does not sit on the board of any company as of now.Here is a list of top team members in Marula Square:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Amsterdam | - | - | |
Partner | London | - | - | |
Venture Partner | Nairobi | - | - | |
Principal | Miami | - | - | |
Principal | United States | - | - |
Co-investors of Marula Square
Over the past 3 years, 34 investors have co-invested in Marula Square's portfolio companies. This includes only funds.
- Invested before Marula Square: Founders Factory Africa, Catalyst Fund and 12 others have invested in rounds before Marula Square. There are 2 companies where Founders Factory Africa has invested before Marula Square and 1 company where Catalyst Fund has invested before Marula Square.
- Top Co-investors of Marula Square: 19 investors entered a company along with Marula Square. These include investors like DEG (1 company).
- Invested after Marula Square: DisrupTech (1 company) is the only investor which has invested in Marula Square's portfolio after their investments.
Recent News related to Marula Square
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PBR Life Sciences raises $1M pre-seed to expand AI-powered healthcare data platforms across AfricaCondia•Dec 20, 2024•PBR Life Sciences, Launch Africa, Microtraction, Kaleo Ventures and 6 others
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Winich Farms secures US$3m pre-series A funding, seeks to optimize food production and distribution in NigeriaBusiness and Financial Times•Oct 11, 2024•Winichfarms, ARAF, Cra Fund, Marula Square and 3 others
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Winich Farms Secures $3 Million to Enhance its Platform and Expand Reach in NigeriaInnovation-village•Oct 03, 2024•Winichfarms, ARAF, Cra Fund, Marula Square and 6 others
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Kenyan startup Zuri Health secures additional funding to help it scaleDisrupt Africa•Jul 25, 2023•Zuri Health, Five35 Ventures, Marula Square
