Uncovered Fund is a Tokyo-based venture capital firm that primarily invests in early-stage (Seed to Series A+) technology-driven startups across Africa and the Middle East, focusing on sectors like fintech, mobility, sustainability, and logistics. Their strategy involves providing long-term growth support, including follow-on investments, and leveraging Japanese corporate assets for technical and financial assistance through open innovation.
38% of their portfolio is in Fintech. They made 1 investments in the last 12 months. Their most common stage is seed (75% of deals). Average disclosed round size is $10.7M (across 8 rounds with reported amounts).
Portfolio
8
Fund Size
$20M
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
8 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SSylndr | Seed | $15.7M | May 2025 |
| MMecho Autotech | Seed | $2.4M | Sep 2023 |
 Termii | Seed | $3.6M | Jun 2023 |
| IImaliPay | Seed | $3M | Apr 2022 |
| CCredPal | Bridge | $15M | Mar 2022 |
 MarketForce | Series A | $40M | Feb 2022 |
 Amitruck | Seed | $4M | Feb 2022 |
 Brass | Seed | $1.7M | Oct 2021 |
Top Co-Investors
Launch Africa2 shared
Vastly Valuable Ventures2 shared
Global Brain Corporation1 shared
Circle Ventures1 shared
Jedar Capital1 shared
Logos Capital1 shared
Chandaria Capital1 shared
Better Tomorrow Ventures1 shared
Dynamo1 shared
Rackhouse Ventures1 shared
Flexport1 shared
Knuru Capital1 shared
Algebra Ventures1 shared
Hustle Fund1 shared
Flutterwave1 shared
Voltron Capital1 shared
FinTech Collective1 shared
RaliCap1 shared
noa1 shared
MyAsia VC1 shared
Last updated: 8 March 2026