TBL Mirror Fund

TBL Mirror Fund, established in 2007, is a venture capital and private equity firm headquartered in Nairobi, Kenya, with an additional office in the Netherlands. The firm specializes in late-stage startup and early to mid-stage investments, focusing on small and medium-sized enterprises (SMEs) in Kenya, East Africa, and Nigeria. TBL Mirror Fund concentrates its investments in the ICT, healthcare, and consumer goods sectors, with a particular interest in software, business process outsourcing, IT, pharmaceuticals, medical services, and consumer goods companies. The firm invests between €100,000 and €3.5 million, typically taking a significant minority stake and board seat, with an investment horizon of five to seven years. TBL Mirror Fund co-invests with strategic partners and welcomes investors from diverse backgrounds, including CEOs of large multinationals, entrepreneurs, and experienced venture capitalists.

Moses Kimani

Investment Analyst

Robert-Jan Van Ogtrop

Co-Founder, Chairman (Fund 1 and 2) and Investment Committee Member

Past deals in Kenya

Cellulant

Series C in 2018
Cellulant Corporation is a prominent multinational payments company headquartered in Nairobi, Kenya, focused on digitizing payments across Africa's major economies. Founded in 2004, Cellulant offers a comprehensive mobile payments platform that connects businesses and governments, facilitating various consumer payment solutions. Its key products include Mula, a versatile payment platform; Agrikore, a blockchain-based tool designed for the agriculture sector that streamlines contracting and digital payments; and Tingg, which enables users to manage card, bank, and bill payments seamlessly. By providing locally relevant payment solutions, Cellulant addresses the intricate needs of global, regional, and local merchants, making it easier for them to collect and make payments in multiple currencies.

Cellulant

Venture Round in 2011
Cellulant Corporation is a prominent multinational payments company headquartered in Nairobi, Kenya, focused on digitizing payments across Africa's major economies. Founded in 2004, Cellulant offers a comprehensive mobile payments platform that connects businesses and governments, facilitating various consumer payment solutions. Its key products include Mula, a versatile payment platform; Agrikore, a blockchain-based tool designed for the agriculture sector that streamlines contracting and digital payments; and Tingg, which enables users to manage card, bank, and bill payments seamlessly. By providing locally relevant payment solutions, Cellulant addresses the intricate needs of global, regional, and local merchants, making it easier for them to collect and make payments in multiple currencies.

Meridian Medical Center

Venture Round in 2008
Meridian Medical Center operates a network of healthcare clinics in Nairobi, Kenya, providing outpatient medical services to individuals, families, and organizations. The center offers a range of clinical services delivered by qualified doctors, including consultations, diagnostics, and therapeutics, all supported by in-house laboratories. Meridian Medical Center specializes in various medical examinations, such as pre-employment, insurance, and food handlers' assessments, alongside occupational health services. Additionally, the center promotes health through immunizations, travel health advice, and health education initiatives. By catering to both corporate and individual clients, Meridian Medical Center aims to deliver comprehensive and affordable healthcare solutions to the community.
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