Acasia Ventures invests in Kenya’s tappi

Acasia Ventures invests in Kenya’s tappi

Egypt-based venture capital firm (VC) Acasia Ventures has joined a $1.5 million pre-Seed funding round for Kenyan e-commerce enabler tappi, along with Mercy Corps Ventures and Chui Ventures, and was joined by international VC firms and angel investors, as well as advisors from Google and Salesforce.

Founded in 2022 by Kenfield Griffith and Louis Majanja, tappi is a SaaS platform where micro, small and medium-sized enterprises (MSMEs) can create their digital presence.

Acasia Ventures, formerly known as Cairo Angels, is an early-stage VC firm founded in 2011 by Aly El Shalakany, with a special focus on purpose-driven startups in Africa.

tappi aims to use the investment round to expand its sales force, expand its team, and solidify its brand. 

Press release:

Egyptian venture capital firm Acasia Ventures joined a $1.5 million pre-seed funding round for Kenyan digital commerce startup tappi. The round was led by Mercy Corps Ventures and Chui Ventures and joined by international VC firms and angel investors, as well as advisors from Google and Salesforce.

Founded in 2022 by CEO Kenfield Griffith and co-founder Louis Majanja, tappi is a SaaS platform set to digitize the millions of micro, small and medium-sized enterprises (MSMEs) in Africa through solutions for lead generation for marketing. 

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