Fund Potential I

Fund I Potential

At SandMartin we invest with purpose and we finance and scale ideas to create a lasting impact. The Africa Private Equity Fund I, closed in 2023, has put us in a unique position to support ventures that not only promise robust returns but also contribute meaningfully to the environment and society. We targeted startups with the potential to address critical infrastructure needs across Africa.
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Driving Impact Through Strategic Investments:

Our investments in Africa Private Equity Fund I were guided by six key themes, each aimed at creating significant positive impact on the continent’s economy and its people:

  • Investing in the energy transition sector and driving significant emissions reduction
  • Promoting financial inclusion
  • Fostering sustainable urban and rural community development
  • Investing in domestic productive capacity
  • Empowering entrepreneurs
  • Expanding network connectivity in rural areas

Highlighted Investments from the Africa Private Equity Fund I:

Each investment from Fund I exemplifies our commitment to driving meaningful change:
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Sattel Energy has been at the forefront of sustainable energy solutions in Central Africa, specializing in off-grid solar systems and energy storage technologies. Our partnership with Sattel Energy has facilitated the deployment of renewable energy projects in underserved regions, enhancing energy security and sustainability.
Katela Networks is a key player in the telecommunications sector on the continent, focusing on expanding digital connectivity in underserved rural areas. With our investment, Katela Networks has rolled out extensive broadband networks, providing reliable internet access that supports education, business, and communication.
Authenticalls is at the forefront of mobile security, offering cutting-edge solutions for identity verification, fraud prevention, and seamless user authentication. Providing secure, efficient, and user-friendly authentication services such as (KYC, FML & 2FA) that meet the needs of businesses and individuals in a digitally connected world.
InnoHealth Group is a trailblazer in the healthtech sector, developing innovative healthcare solutions that improve access to medical services in Southern Africa. Our support has enabled InnoHealth to launch platforms and mobile health applications, bridging the gap between healthcare providers and patients, especially in remote areas.

U-Image is a medical device company that distributes and markets point of care wireless ultrasound scanning devices. U-Image also offers software that helps in the analysis of data transmitted from their portable devices. With our investment, U-Image was able to secure a manufacturer and software developer for their devices.

Enedroc is a hybrid consulting and services company assisting Cement Plants in Africa to transition their fuel needs away from traditional coal to refuse derived fuel (RDF).
Drylands Farms is an agri-technology company that aims to make use of high-tech greenhouse farms and controlled environment agriculture to produce fresh food sustainably on marginal land, using minimal water and solar power.
AiBIOLOGICS is a biotechnology company that AI-driven deep learning algorithms to enhance antibody discovery, diagnostic development, vaccine design and immunogenicity mapping, accelerating the pace of medical innovation.

Asante Financial Services Group is a Kenyan credit-led neo bank that provides financial services to growing businesses through micro-lending, fostering financial independence and empowering small businesses and individuals to unlock their potential.

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Our approach to impact investment in Africa Private Equity Fund I has not made a lasting impact across diverse sectors. Find more detailed information about Fund I and join us as we continue to shape the future of investment in Africa with Fund II.