A venture capital fund buys stakes in young private companies, holds for years, and makes its money when one is sold or lists. Most of the holdings fail; the arithmetic depends on a small number that do not.

The category is the smallest on the register by some distance — one licensee as at the date above.

Not through an app and not with a small amount. Venture funds raise from professional and institutional investors under terms negotiated privately, with money committed for the better part of a decade and no way to ask for it back early.

If you are being offered a "venture" or "startup" opportunity with a small minimum and a quick exit, the thing to do is check it against this register before anything else.

No published, comparable figure exists for Kenyan venture funds, and anybody quoting one should be asked where it came from. Returns in this asset class are reported by the fund itself, long after the fact, on valuations it chose.

Ipahco shows no number here because there is not an honest one to show.