AAIC Investment is the fund management arm of AAIC Holdings, established in 2013 and headquartered in Singapore. It manages the Africa Healthcare Fund (AHF1) and Africa Innovation & Healthcare Fund (AHF2), investing in fast-growing healthcare and social-infrastructure technology companies across Africa.
42% of their portfolio is in Healthcare. They made 1 investments in the last 12 months. Their most common stage is seed (50% of deals). Average disclosed round size is $11.8M (across 12 rounds with reported amounts).
Portfolio
12
Fund Size
$87M
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| BBreadfast Equity | Series C | $50M | Jan 2026 |
 Chowdeck | Series A | $9M | Aug 2025 |
 ILARA HEALTH | Seed | $4.2M | Feb 2024 |
 Waspito Inc. | Seed | $2.5M | Nov 2023 |
 Zanifu | Seed | $11.2M | Aug 2023 |
 Credable | Seed | $2.5M | Mar 2023 |
 Yodawy | Series B | $7.5M | Feb 2023 |
 CrowdForce | Seed | $3.6M | Feb 2022 |
 Reliance Health | Series B | $40M | Feb 2022 |
 Gozem | Series A | $5M | Dec 2021 |
 Drugstoc | Series A | $4.4M | Nov 2021 |
 LAMI | Seed | $1.8M | May 2021 |
Top Co-Investors
P1 Ventures3 shared
Novastar Ventures2 shared
Y Combinator2 shared
Launch Africa Ventures2 shared
GFR Fund1 shared
Rebel Fund1 shared
Form Ventures1 shared
MAGIC Fund1 shared
54 Collective1 shared
Variant1 shared
Beyond Capital Ventures1 shared
VestedWorld1 shared
DEG1 shared
Giant Ventures1 shared
Avid Ventures1 shared
AlphaMundi Group Ltd1 shared
Enza Capital1 shared
DOB Equity1 shared
Black Opal Ventures1 shared
Last updated: 8 September 2026