Kukula Capital

General contacts
Investor type

PE / VC

Founded

2009

AUM

-

Location

Lusaka, Lusaka, Zambia

Investment Ticket

$10-50 m

Investment Stage

Series B Series A Seed Late Stage (Series C+)

Region of investment

Africa

ESG Focus

Impact investor
Investor profile last updated: 18 August, 2026

Profile

Kukula Capital is a Zambia-headquartered investment firm with a regional reach, providing advisory, asset management, and research-driven solutions aimed at supporting sustainable growth and deepening capital markets. Operating for over 15 years, Kukula combines patient capital with hands-on expertise to partner closely with founders, management teams, and institutions. The team comprises experienced professionals who blend institutional investment standards with practical regional knowledge.

Kukula Capital focuses on a wide range of sectors, offering services such as transaction advisory, portfolio management, and market research across Zambia and Sub-Saharan Africa. The firm has deployed $37 million in direct investments and maintains a portfolio of 15 companies. They provide capital markets solutions and fund administration, tailoring their services to the needs of corporates and institutions in the region.

Kukula has been involved in several notable engagements, including advising on Zambia's first technology IPO and capital markets transactions on the Lusaka Securities Exchange. Portfolio companies include Real Estate Investments Zambia and Dot Com Zambia. They provide financial advisory support, facilitating debt raises and equity offerings to enhance development and investment readiness across various sectors.

Industry

Other Healthcare Services Fintech Financial Services Edtech Consumer Services (B2C) Agriculture HoReCa/Hospitality Technology Software SaaS Real Estate

Contacts

Name
Title
Email
Social Networks
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Tue Andersen Managing Partner
Managing Partner
t•••@•••
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FAQs about Kukula Capital

Kukula Capital is a venture capital and private equity firm. It backs companies at Series B, Series A, Seed and Late Stage (Series C+), writing tickets of $10-50 m.
Kukula Capital is located in Lusaka, Lusaka, Zambia.
Kukula Capital was founded in 2009.
Kukula Capital invests in companies and startups in Other, Healthcare Services, Fintech, Financial Services, Edtech, Consumer Services (B2C), Agriculture, HoReCa/Hospitality, Technology, Software, SaaS, Real Estate.
Kukula Capital invests in companies and startups in Africa.
Kukula Capital invests in companies and startups at Series B, Series A, Seed, Late Stage (Series C+).
Kukula Capital usually invests $10-50 m on average.
Yes, Kukula Capital is impact investor.
Kukula Capital can be reached through its website kukulacapital.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Kukula Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 18 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.