Harambe Ventures
The Editorial Analyst — portfolio velocity, market movements & emerging horizons
At a glance
Sections 2–16 are data; section 17 is an optional written summary when included. Jump in from here.
Portfolio overview
Snapshot of portfolio health states, movers, headline score and signal flags from our dataset.
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This section is a point-in-time snapshot of this fund’s portfolio as it exists in our database: how many companies fall into each health state (alive, exited, zombie, dead, unknown), what has moved recently, and a small set of high-level signals.
Use it the same way you would use a portfolio factsheet in a data room: orientation before you go deeper. The score breakdown, when present, shows how the headline score is composed. It is not a valuation, a mark, or a forecast of fund performance.
This is not a complete audit. Coverage depends on ingestion completeness. Treat gaps and “unknown” labels as an invitation to verify off-platform.
If a company appears more than once, that usually reflects multiple investment edges (rounds) in the data model.
- We compare invested amounts vs expected amounts by round type
- Below 50% fit scores ~0, then scales up to max
- Designed to stay fair across different stages
No inputs recorded for this component.
- Deals/year vs expected activity for your dominant stage
- Active-years fairness: new VCs aren’t penalized
- Blended expectations for mixed strategies
No inputs recorded for this component.
- Per-startup outcomes are converted to a performance score
- Exits are weighted positively; dead is negative
- Aggregated into a portfolio-wide points value
No inputs recorded for this component.
- Starts at BASE(12), then adds/subtracts risk signals
- Combines portfolio-level + per-startup signals + hype penalty
- Trace shows what we observed (not what we “guess”)
No investor-safe risk display is available for this snapshot.
- Responsiveness score (0–10)
- Experience score (0–10)
- Comments sentiment (0–10) with guardrails
No inputs recorded for this component.
| Startup | Country | Category | Stage | Status | Role | Rounds |
|---|---|---|---|---|---|---|
| BananaStack | Congo | — | Series A | alive | Portfolio | — |
| SilverbackAI | Rwanda | — | Seed | alive | Portfolio | — |
| JungleOS | Uganda | — | Series A | alive | Portfolio | — |
| Vine Swing | Congo | — | Seed | alive | Portfolio | — |
| ChestBeat | Kenya | — | Series A | alive | Portfolio | — |
| Troop | Tanzania | — | Seed | alive | Portfolio | — |
| GreenCanopy | Congo | — | Series B | alive | Portfolio | — |
| GroomNet | Rwanda | — | Seed | alive | Portfolio | — |
| ThunderNest | Uganda | — | Series B | exited | Portfolio | — |
| PeelPay | Kenya | — | Series A | exited | Portfolio | — |
| FogMountain Analytics | Congo | — | Seed | zombie | Portfolio | — |
| TermiteIO | Cameroon | — | Pre-Seed | dead | Portfolio | — |
Investment mandate
This fund's stated investment mandate — target regions, stages, sectors and ticket range.
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A compact view of what the fund says it invests in: the geographies it prioritises, the stages it backs, the primary sectors it focuses on, and its typical ticket size. Data comes from the fund's managed profile and observed portfolio activity.
Use it as a quick orientation layer before reading portfolio data — it tells you what the fund thinks it is, which you can cross-check against what it has actually done in sections 4–17.
This is not a legal investment mandate and not a binding commitment. It reflects self-stated focus and observed patterns, which may diverge.
If regions or sectors look off, the fund owner can update their managed profile or trigger a context rebuild to refresh this section.
Deal flow radar
Recent regional raises you are not in yet — fit-ranked for discovery only, not a recommendation.
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A discovery list of companies that look like a reasonable thematic, stage, or regional fit given what we know about the fund and the company.
Treat this as a sourcing shortlist to research — a way to see where the model thinks adjacent dealflow might sit, not a recommendation to buy, sell, or pass.
It is not investment advice, a fairness opinion, or a statement that any company is raising or investable.
If two companies look similar, compare round context and ownership in your own systems.
Autonomous drones that map rainforest canopy density and track primate populations in real-time.
Decentralized finance platform backed by bamboo plantation growth certificates.
Long-range communication network for areas with no cellular coverage, using tree-mounted relay nodes.
AI-powered perimeter security for wildlife reserves using ground vibration sensors.
Indoor vertical farms optimized for high-nutrient leafy greens, originally designed for primate sanctuaries, now serving restaurants.
VC twins
Other funds that resemble this one on geography, stage and tag overlap — peer map, not a performance ranking.
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Other investors that “look like” this fund under a few stable dimensions: geography, stage, and tag overlap.
Use it to place the fund in a peer cluster and understand the syndicate neighborhood you might see in a cap table.
It is not a performance benchmark. Similarity does not imply similar returns or portfolio construction.
“Twins” can include funds with different stated strategies if their realized portfolios overlap.
Institutional peers operating one stage ahead. Three geographic lenses: Regional (Central Africa), Global, Continental. We never title the third column “Sector”: older responses may only populate that slot from a legacy “sector” field — it maps here as Continental.
Kept separate from institutional stage-ahead twins.
No similar angels returned.
Per holding: target stages and suggested VCs — not merged into global twin columns above.
No startup next-stage rows returned.
Syndicate-style overlap peers (again: Regional vs Global vs Continental).
No same-partners peer rows returned.
Portfolio startup twins
Each spotlight holding matched to similar market companies — use for patterns; check pool size and method note.
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Portfolio startup twins spotlight individual holdings and surface market companies that resemble them on taxonomy, stage, and signals.
Use it as pattern recognition across your book: for each highlighted name, read why the twins look alike and how those comparables are evolving.
This is not a pipeline of deals to execute, nor verification that any twin is raising.
If selection_method differs between runs, ordering and richness can shift — cross-check candidate pool size.
We spotlight 2 live portfolio holdings and surface market companies that resemble them on taxonomy, stage, and signals.
Selected BananaStack (highest activity) and SilverbackAI (fastest-growing category) for twin analysis.
Primary: Primate Tech
Both optimize supply chains for perishable tropical goods in challenging terrain. Tropical Routes focuses on cocoa; BananaStack on bananas. Similar unit economics and last-mile challenges.
Tropical Routes closed Series A at $4.2M, 3x revenue growth YoY. Now expanding from Colombia to Ecuador and Peru.
Potential integration: BananaStack's inventory system + Tropical Routes' delivery network could create a pan-tropical logistics platform.
Different regulatory environments. Colombia's export infrastructure is more mature than Central Africa's.
Both tackle post-harvest loss in tropical fruit supply chains. FruitChain uses blockchain provenance; BananaStack uses ML demand forecasting.
Early traction: 12 farms onboarded, $180K ARR. Strong team from Cocoa Board backgrounds.
BananaStack could license FruitChain's provenance layer to satisfy European import traceability requirements.
FruitChain is still at Seed — execution risk is higher. Blockchain approach adds complexity that farms may resist.
Primary: Conservation Tech
Near-identical thesis: both use computer vision to identify and track individual animals. WildLens started with elephants; SilverbackAI with gorillas.
WildLens raised $6M Series A, deployed across 14 national parks. Their model now covers 28 species. Revenue from park services and NGO contracts.
SilverbackAI's gorilla-specific models could plug into WildLens' multi-species platform as a specialist module.
WildLens is one stage ahead and expanding fast. SilverbackAI needs to differentiate beyond species focus or risk being absorbed.
Tag intelligence
How your portfolio tags move on activity, funding and crowding versus the broader market.
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A thematic and momentum view built on tags that appear in this portfolio: activity, funding, year-over-year change, and how crowded a tag is.
Use it to see concentration risk and narrative heat.
It is not a GICS-style sector taxonomy, and not a full market-sizing exercise.
High crowding means a lot of capital and attention already hunting in the same label bucket.
| Tag | Deals PY | Deals TA | YoY | EUR PY | Total | Crowding | Trend |
|---|---|---|---|---|---|---|---|
| Conservation Tech | 47 | 31 | +52% | €89.0M | 156 | 8 VCs | hot |
| Banana Logistics | 12 | 8 | +50% | €24.0M | 38 | 3 VCs | growing |
| Primate Wellness | 9 | 6 | +50% | €15.0M | 28 | 4 VCs | growing |
| Canopy Infrastructure | 18 | 15 | +20% | €42.0M | 67 | 7 VCs | stable |
| Rainforest IoT | 14 | 11 | +27% | €31.0M | 44 | 5 VCs | growing |
| Anti-Poaching Systems | 6 | 9 | -33% | €8.0M | 31 | 6 VCs | cooling |
| Carbon Credits | 34 | 28 | +21% | €120.0M | 189 | 22 VCs | stable |
| Tropical Agriculture | 22 | 19 | +16% | €55.0M | 95 | 11 VCs | stable |
| Tree-to-Tree Logistics | 3 | 1 | +200% | €4.5M | 7 | 2 VCs | hot |
| Nest Architecture | 5 | 4 | +25% | €9.0M | 18 | 3 VCs | growing |
Serial founders
Repeat founders whose profile overlaps your sectors or geographies — a network map, not endorsements.
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A list of repeat founders whose profile is close enough to the fund’s focus to be worth a sourcing and network map.
Use it as a diligence and conversation backplane: which repeat builders overlap with the fund’s world.
It is not an endorsement, and not a list of “best founders.”
Read why a founder is listed: overlap with categories or regions can be more informative than a raw relevance number.
Whitespace opportunities
Themes with market activity versus how much capital you already have there — prompts “should we be here?” questions.
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Themes or tag buckets where, relative to a simple benchmark, there may be strategic room.
Use it as a strategic question generator: “If we run this strategy, should we be here?”
It is not a list of guaranteed opportunities; a low score does not mean a theme is bad.
Cross-check with the fund’s own thesis and portfolio construction rules.
| Tag | YoY Growth | Active VCs | Deals PY | Score | In Portfolio? |
|---|---|---|---|---|---|
| Gorilla Genomics | +145% | 2 | 4 | 88 | No |
| Bamboo Materials | +67% | 3 | 7 | 79 | No |
| Mist Harvesting | +85% | 1 | 3 | 72 | No |
| Primate EdTech | +42% | 2 | 5 | 65 | No |
| Canopy Solar | +33% | 4 | 9 | 61 | Yes |
| Jungle Acoustics | +28% | 2 | 4 | 55 | No |
| Volcanic Soil Analytics | +19% | 3 | 6 | 48 | Yes |
Taxonomy survival rates
Outcome mix by category vs regional and global baselines — comparative health, not a forecast.
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A rough outcome mix by sector compared with regional and global baselines from the same data universe.
Use it to see whether the fund’s book, in a given bucket, leans healthier or harsher than what we typically observe elsewhere.
It is not a time-to-exit model, not a mark-to-mark, and not a full hazard rate analysis.
Differences in the definition of “zombie” or “exited” between systems can move rates by several points.
| Category | Regional Health | Global Health | Alive Δ | Exit Δ | Health Δ |
|---|---|---|---|---|---|
| Conservation Tech | 78% | 65% | +8pp | +5pp | +13pp |
| FinTech | 62% | 71% | -5pp | -4pp | -9pp |
| Climate Tech | 74% | 68% | +3pp | +3pp | +6pp |
| Health Tech | 55% | 63% | -6pp | -2pp | -8pp |
| AgriTech | 69% | 58% | +7pp | +4pp | +11pp |
Peer startup trends
How peer portfolios behave in buckets that matter to you — scale and outcome context, loose peer set.
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A comparative cut of how other investors’ books look in categories that matter to this fund.
Use it to calibrate whether you are a large player, a small player, or a specialist in a theme.
Peer definitions are always imperfect; the peer set is a foggy mirror, not a perfect peer group.
Divergence between peer trends and survival tables usually comes from different buckets or time windows.
Risk intelligence
Tag-level rollup of observable risk-style signals — concentration view, not company-level covenant work.
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A tag roll-up of risk-style signals across portfolio companies — a concentration and pattern view.
Use it to structure questions in diligence about where stress would show up first.
It is not a statement that any company will fail, and not legal or compliance advice.
A high risk score in a tag often means clustering, not a single “bad” company.
| Sector | Cos | Hype | Reg. | Volatile | Flip | Bridge | Follow-on | Tier-1 | Risk |
|---|---|---|---|---|---|---|---|---|---|
| Carbon Credits | 3 | 18% | 22% | 12% | 5% | 8% | 45% | 30% | 24 |
| Conservation Tech | 4 | 8% | 12% | 6% | 2% | 5% | 62% | 38% | 11 |
| Banana Logistics | 2 | 4% | 6% | 8% | 3% | 4% | 55% | 25% | 8 |
| Primate Wellness | 2 | 5% | 3% | 4% | 1% | 3% | 70% | 42% | 6 |
| Rainforest IoT | 3 | 11% | 8% | 10% | 4% | 12% | 38% | 20% | 14 |
Hype = hype cycle exposure · Reg. = regulatory risk · Volatile = volatile sector · Flip = churn signal · Bridge = bridge round dependency · Follow-on = has indicator · Tier-1 = tier-1 backing
Follow-on pipeline
Companies at plausible next-stage financings plus historical conversion context — not predictions of raises.
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A framing of reserve deployment: companies plausibly at a next financing stage, with historical conversion patterns by category.
Use it in conversations about reserves, pacing, and pro-rata discipline.
It is not a prediction of who will raise, at what price, or with whom leading.
If data is sparse in a category, conversion should be read qualitatively.
| Category | Rate | Reached / At stage |
|---|---|---|
| Conservation Tech | 42% | / |
| FinTech | 35% | / |
| Climate Tech | 28% | / |
Exit radar
Exit-like examples and category exit rates in our data — calibrate narratives, watch coverage gaps.
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A view of exit-like outcomes and exit rate patterns in categories relevant to the portfolio.
Use it to set expectations on how often exits appear in a theme or geography in our data.
It is not a list of the fund’s actual realized exits unless those companies are in our set with updated status.
Compare count to time held in the real portfolio outside this system.
| Company | Country | Category | Status | Date |
|---|---|---|---|---|
| Uganda | PropTech | acquired | 2025-09 | |
| Kenya | FinTech | acquired | 2025-06 |
| Category | Rate | Exits / Total |
|---|---|---|
| FinTech | 18% | 11 / 61 |
| PropTech | 15% | 6 / 40 |
| Conservation Tech | 12% | 4 / 33 |
| Climate Tech | 8% | 3 / 38 |
Geographic arbitrage
Median round shape and stage mix by country — relative lens on deal structure, not macro advice.
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A relative comparison of deal size and stage mix by geography in our data.
Use it to reality-check expansion stories.
It is not macroeconomic advice, FX forecasting, or a map of where to move next.
A country with a higher median check is not “better” for every strategy.
| Stage | Deals | Avg Round | Median Round | Total Capital |
|---|---|---|---|---|
| Pre-Seed | 8 | €350K | €280K | €2.8M |
| Seed | 14 | €1.2M | €950K | €16.8M |
| Series A | 6 | €4.5M | €3.8M | €27.0M |
| Stage | Deals | Avg Round | Median Round | Total Capital |
|---|---|---|---|---|
| Pre-Seed | 5 | €420K | €380K | €2.1M |
| Seed | 12 | €1.5M | €1.2M | €18.0M |
| Series A | 5 | €5.2M | €4.8M | €26.0M |
| Stage | Deals | Avg Round | Median Round | Total Capital |
|---|---|---|---|---|
| Seed | 11 | €980K | €850K | €10.8M |
| Series A | 7 | €3.8M | €3.2M | €26.6M |
| Stage | Deals | Avg Round | Median Round | Total Capital |
|---|---|---|---|---|
| Pre-Seed | 10 | €500K | €420K | €5.0M |
| Seed | 22 | €1.8M | €1.5M | €39.6M |
| Series A | 13 | €6.2M | €5.5M | €80.6M |
Co-investor quality map
Who shows up beside you in data — syndicate neighbourhood and simple overlap metrics.
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A map of the syndicate environment: which other investors show up in cap tables with this fund.
Use it to test stories about access and reputation.
It is not a “good investor / bad investor” list.
If you have policy constraints on co-investors, use this as a first pass for pattern, then verify in cap tables.
| Investor | Country | Shared | Total Inv. | Score | Alive % | Zombie % | Tags |
|---|---|---|---|---|---|---|---|
| Silverback Capital | Rwanda | 4 | 28 | 108 | 82% | 7% | Conservation Tech, Climate Tech |
| Gorilla Fund | Congo | 3 | 19 | 102 | 79% | 11% | Primate Wellness, Banana Logistics |
| Jungle Fund | Uganda | 3 | 22 | 95 | 73% | 9% | FinTech, Mobility |
| Savanna Ventures | Kenya | 2 | 35 | 88 | 77% | 6% | AgriTech, Payments |
| Orangutan Equity | Indonesia | 2 | 31 | 76 | 68% | 13% | Tropical Agriculture, Conservation |
| Bonobo Partners | Belgium | 1 | 44 | 71 | 75% | 8% | Climate Tech, Social Impact |
| Baobab Capital | South Africa | 1 | 52 | 82 | 71% | 10% | Developer Tools, Cloud |
Written summary
Long-form memo that mirrors the report’s themes — optional read; numbered sections above stay the audit trail.
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When the export includes one, this is a structured narrative memo grouped into the same areas as sections 2–15.
After scanning the headline tables, or before meetings if you want paragraph context.
Not legal, tax or investment advice; not authoritative when it conflicts with the tables.
Opening bold framing line (if present) summarises tension only — reconcile every claim with sections 2–15.
Written summary — Harambe Ventures
Same storyline as sections 2–15 in prose. Optional companion, not source of truth.
Spans 14 of the numbered data blocks in this report. Conflicts resolve in favour of the tables.
Harambe Ventures maintains a robust portfolio of 12 companies with a 67% alive rate, placing the fund in the 84th percentile among Central African VCs. The fund's score of 119/140 reflects strong deal volume, healthy portfolio outcomes, and positive community feedback. Two successful exits (ThunderNest and PeelPay) in 2025 demonstrate the fund's ability to generate liquidity events even in a frontier market.
The portfolio leans toward conservation technology and jungle infrastructure, themes that are seeing accelerating global interest (Conservation Tech +52% YoY deal growth). GreenCanopy's progression to Series B marks the fund's most mature active position.
Confidential — not for redistribution
