VestedWorld, an emerging markets-focused venture capital fund, has announced its investment into Rwanda's Kasha - an e-commerce company focused on women’s health and personal care. VestedWorld revealed no further details regarding the deal except pointing out that the funds will be used to scale throughout Kenya.
The Chicago-based firm has made a couple of bets across the continent though looking at their portfolio indicates that their affinity lies with the Sub-Saharan region - East & West Africa to be specific. Among their notable investees include; Mobius Motors and Umati Capital.
Towards the end of last year, Kasha had received a $150,000 investment from the Optimizer Foundation - a Sweden-based education and health-focused investor. The startup's list of backers also includes Beyond Capital Fund.
Additionally, Kasha - founded in 2016 by two former Microsoft employees, Joanna Bichsel and Amanda Arch - had raised some $200,000 from angel investors in the U.S. and Rwanda. The startup’s board of advisers includes execs with experience at Amazon, The Bill & Melinda Gates Foundation and Microsoft, among others.