Nairobi, Feb. 11 -- Kenyan venture capital (VC) firm Delta40 has secured $20 million (Sh2.6 billion) to expand its financing for startups in the country and across Africa.

The round drew 54 investors from 13 countries, the investment firm said in a statement. Backers include US tycoon and philanthropist George Soros's Soros Economic Development Fund, Dutch development bank FMO, GIZ, Autodesk Foundation and The Rockefeller Foundation.

Delta40 will invest the money in startup founders scaling across energy and mobility, agriculture and fintech, with artificial intelligence integrated across sectors.

The VC firm launched its venture studio in Kenya in 2023 before expanding to Nigeria. It operates a hybrid model that combines early-stage c...