Purple Elephant Ventures is one of Africa’s first venture studios, designed to build and eventually spin-off three or four start-ups per year focused on improving sustainable travel and tourism in Africa. It was founded on the thesis that there is tremendous opportunity to modernize Africa’s large (~$200B) but somewhat out-of-date (only ~30% booked online) travel sector. We want to be the hub for innovation for Africa's travel and tourism sector.
Location: Kenya, Nairobi
Member count: 11-50
Total raised: $1M
Founded date: 2020
Funding Rounds 1
| Date | Series | Amount | Investors | Deal News |
| 15.10.2022 | Pre-Seed | $1M | - | techcrunch... |
Mentions in press and media 4
| Date | Title | Description | Category | Author | Source |
| 15.10.2022 | Kenyan sta... | A group of well-known internat... | - | - | incubees.c... |
| 07.10.2022 | Purple Ele... | Kenyan tourism-focused venture... | Funding | Muktar Ola... | techcabal.... |
| 07.10.2022 | Purple Ele... | A Kenya-based venture studio w... | africa, Pu... | Annie Njan... | techcrunch... |
| - | Purple Ele... | “Purple Elephant Ventures” | - | - | fastfounde... |