Hong Kong VC Firm Nest Expands to Nairobi to Support Continent’s Talents

Wednesday, July 15, 2015

Hong Kong VC and incubation firm Nest has recently announced its expansion into Africa, connecting local talent with Asian investors abroad.

Founded by Simon Squibb in 2010, Nest is described as Hong Kong’s only private, full service startup ecosystem. The firm has also partnered with major Asian banks such as DBS Bank as well as insurance provider AIA Group Limited.

Located at Kenya’s popular co-working space, Nairobi Garage, Nest Nairobi is headed up by managing partner Aaron Fu who previously worked as regional digital strategy lead for Africa at Standard Chartered Bank.

Fu says in a recent press release that the office in Nairobi will act as a launchpad for Africa. Startups from across the continent will be encouraged to apply for funding and support.

Some of the international companies currently in its portfolio includes the following: Onename, Gametime, LeadGenius, Luxe, MakeLeaps, Mattermark, Mapkin,sendwithus,WorkLife, Beep, True Link, Fedora, Paintzen, Vouch Financial and Navdy.

Source: Ventureburn (link opens in a new window)

impact investing, venture capital