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.
45% of their portfolio is in Healthcare. Their most common stage is series-a (40% of deals). Average disclosed round size is $10.1M (across 20 rounds with reported amounts).
Portfolio
15
Fund Size
$87M
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
20 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| BBreadfast Equity | Series C | $50M | Jan 2026 |
 Chowdeck | Series A | $9M | Aug 2025 |
| Chowdeck | Seed | $2.5M | Jan 2025 |
| Chowdeck | Series A | $9M | Jan 2025 |
 Ilara Health | Seed | $4.2M | Feb 2024 |
 Waspito | Seed | $2.5M | Nov 2023 |
 Zanifu | Seed | $11.2M | Aug 2023 |
 Credable | Seed | $2.5M | Mar 2023 |
 Yodawy | Series B | $7.5M | Feb 2023 |
| Yodawy | Series B | $16M | Jan 2023 |
 Credable Group | Seed | $2.5M | Jan 2023 |
| Zanifu | Series A | $11.2M | Jan 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 |
 Aumet | Series A | $7M | — |
 Aumet, inc | Series A | $7M | — |
| Ilara Health | Series A | $4.2M | — |
Top Co-Investors
AAIC6 shared
Y Combinator5 shared
Novastar Ventures4 shared
Launch Africa Ventures4 shared
GFR Fund3 shared
Rebel Fund3 shared
P1 Ventures3 shared
British International Investment3 shared
Goodwater Capital2 shared
True Culture Fund2 shared
54 Collective2 shared
Variant2 shared
Beyond Capital Ventures2 shared
AlphaMundi Group Ltd2 shared
DOB Equity2 shared
Delivery Hero Ventures2 shared
Qatar Development Bank2 shared
Last updated: 20 October 2026