Netherlands private equity fund firm takes hit from Kenya startup failures

A Copia agent delivers goods to a customer. Copia is among the firms in DOB Equity's portfolio. 

Photo credit: File | Nation Media Group

Netherlands-based private equity fund, DOB Equity has suffered substantial losses in the recent local startup implosion, hurting results for the family-backed impact investment fund in its Kenyan portfolio.

The PE fund which describes itself as a catalyst for social and environmental change across East Africa has technology-enabled firms Sendy, Copia and Twiga Foods in its portfolio according to disclosures on the firm’s website. The fund does not specify the stakes it holds in the firms.

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