NAILAB FUND

Published on: Feb 12, 2019


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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.

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

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