Venture Capital firm RENEW has invested US$60,000 (about Shs221 million) in Uganda-based social enterprise Kijani.
The investment was made through RENEW’s investment arm, Impact Angel Network (IAN). This is IAN’s first investment in Uganda.
Kijani makes cost-saving and environmentally friendly diapers.
It was started 6 years ago by Valerie Muigai and her husband, Muigai Ndoka.
Muigai told TechMoran, a startup news publisher that the funds will help it increase its production and expand to more markets in East Africa.
Muigai has previously said that they sell their diapers in several countries globally, including the United States of America.
She says the round will help them scale production and improve their systems.
“We at Kijani are very excited to begin this partnership with RENEW,” she told TechMoran. “This investment will be instrumental to scale our production and improve our systems, so we can grow and make washable diapers affordable and accessible for more families in East Africa.”
The investment firm says it is excited to help the startup achieve its expansion plans.
“As an entrepreneur myself and a mother of an infant daughter, I really respect Valerie and what she has built at Kijani Baby,” said Laura Davis, partner at RENEW. “We are excited to partner with Kijani to help the company expand in East Africa, and I will continue to use the company’s high-quality products to diaper our little one.”