VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Mubadala Investment Company
Venture Capital
Mubadala Investment Company invests in various sectors, including mobility and technology. They participated in Moove's Series B funding round, supporting the company's expansion of its revenue-based vehicle financing platform across Africa. They focus on companies with innovative solutions and growth potential.
Mulago Foundation
Mulago Foundation provides seed funding and early-stage investments to social enterprises focused on addressing the needs of the very poor. They invest in ventures that offer scalable, sustainable solutions in sectors like agriculture, health, and education, with a strong emphasis on measurable impact and poverty reduction.
Muller Medien
Muller Medien is a venture capital firm that invests in African tech startups. They participated in the Series A funding round of Turaco, a Kenyan insurtech company. Turaco provides a suite of bespoke medical, life, asset, and vehicle insurance packages, covering over 500,000 people in Nigeria, Kenya, and Uganda.
MultiChoice Innovation Fund
The MultiChoice Innovation Fund provides debt financing to South African startups. One example is Michanic, a mobile car service and repair platform, which received $400,000 in debt financing from the fund.
Multiply Partners
Multiply Partners invests in early-stage African tech companies. They co-led Traction's seed round, a Nigerian platform offering payment processing, account management, and tools for SMEs, alongside Ventures Platform. Traction aims to use the funding for expansion and team growth.
Musashi Seimitsu
Review pending
Mastercard Foundation
Mastercard Foundation supports initiatives focused on social impact through technology, particularly in education and women's empowerment in Africa. They provide funding, mentorship, and access to networks for early-stage ventures and ed-tech startups that improve learning outcomes, access to quality education, and business skills for women entrepreneurs.
Mastercard Foundation Africa Growth Fund
The Mastercard Foundation Africa Growth Fund invests in African tech startups across various sectors, including healthtech, fintech, and agritech. They provide funding to scale operations and improve access to services across the continent. The fund supports initiatives focused on pharmacy-centered innovations and digital transformation, aiming to drive financial inclusion and innovation in the African tech ecosystem.
Matrix Partners India
Matrix Partners India is an early-stage venture capital firm that led Emtech's seed round. Emtech offers a Central Bank Digital Currency (CBDC) Innovation Kit, designed for fintechs and financial service providers seeking to explore digital currency solutions and business models based on central banks’ pioneering initiatives. Emtech plans to advance the development of its CBDC stack and regtech solution.
Maven 11
Mawelni Holding for Financial Investments
Mawelni Holding for Financial Investments is an Egypt-based investment firm that participated in a pre-seed round for Exits.me, an investment marketplace automating M&A transactions and investment deals for startups and SMEs. The firm invests in early-stage companies.
Maximus Ventures
MediaTek
MediaTek invests in semiconductor companies, particularly those developing advanced optical data chips for data centers. They focus on improving connectivity across smart cities and IoT ecosystems, with a goal to transform data connectivity for AI-driven data centers. They invest in companies in the Middle East and North Africa.
Mediterrania Capital Partners
Mediterrania Capital Partners invests in companies offering financial inclusion and digital infrastructure services across Africa. They focus on long-term, scalable impact, particularly in sectors like clean energy, climate tech, and mobility. The firm supports ventures that address critical needs such as affordable transport, sustainable agriculture, and climate adaptation.
Melo 7 Tech Partners
Melo 7 Tech Partners invests in African tech startups. They participated in a seed round for Stears, a Nigerian data and intelligence firm. The investment will be used to improve data collection and analytics capabilities, as well as talent acquisition and expansion into East and Southern Africa.
Meltwater Foundation
Meltwater Foundation supports early-stage ventures across multiple sectors, including fintech, agritech, and health tech. They focus on accelerating the application of social capital and technology for economic prosperity among nascent companies in Africa. The foundation provides resources and mentorship to help startups scale and achieve sustainable growth.
Merak Capital
Merak Capital is an Egyptian venture capital firm that led a $3 million seed funding round in ConvertedIn, an Egyptian ad automation platform for e-commerce businesses using AI. They invest in early-stage startups in Egypt and North Africa.
Mercy Corps Ventures
Mercy Corps Ventures invests in early-stage, high-impact startups operating in frontier markets, often focusing on solutions that address the needs of underserved populations. They typically invest in sectors like fintech, agriculture, and climate resilience, seeking scalable business models that create both financial and social returns. They look for innovative approaches that can improve livelihoods and build more inclusive economies.
Mergence Investment Managers
Mergence Investment Managers invests in companies providing decentralized energy solutions. They focus on making clean energy accessible through innovative financing models, particularly in the renewable energy sector across Africa. Their investment in Solarise Africa aims to accelerate the deployment of solar PV and hybrid energy systems for clients in South Africa.
Mest Africa Challenge
Mest Africa Challenge (MAC) awards prize money to startups. They awarded SAYeTECH, a Ghanaian company specializing in manufacturing agricultural machinery tailored to African farming practices, a $50,000 prize to scale their product and increase production capacity.
Meta
Meta provides grants to organizations and institutions implementing the Llama 2 solution to impact society. They aim to foster the adoption of this product for positive impact by providing grants to non-profit startups and other organizations effectively utilizing it to drive positive societal impacts. The goal is to identify and support the most compelling applications of Llama 2 for societal benefit.
Michael & Susan Dell Foundation
The Michael & Susan Dell Foundation invests in ventures that focus on improving the lives of underserved populations. They support initiatives in education, health, and community development, often leveraging technology to scale impact. They provide funding to organizations and companies that demonstrate innovative approaches and measurable outcomes in addressing critical social challenges.
Microsoft
Microsoft, through its Meta partnership, supports the adoption of Llama 2, an open-source large language model, by providing grants to non-profit startups and organizations that are effectively utilizing it to drive positive societal impacts. The Llama 2 impact grant aims to identify and support the most compelling applications of Llama 2 for societal benefit.
Microsoft’s M12
M12, Microsoft's venture fund, invests in early-stage to growth-stage companies across various sectors, including fintech, health tech, agtech, logistics, mobility solutions, and edtech, with a focus on startups addressing critical challenges and driving inclusive growth in the African tech ecosystem.
Microtraction
Microtraction is a venture capital firm that invests in early-stage African tech startups. They focus on providing pre-seed and seed funding to innovative companies across various sectors, including healthcare, fintech, and logistics. Microtraction aims to support founders building scalable solutions for the African market.
Mineworkers Investment Company
Mineworkers Investment Company is a South African private equity firm. While specific details on their investment thesis, sectors, stage, geography, and typical check size are not provided in the given articles, they are known to invest in African tech companies.
Mirova
Mirova invests in companies that contribute to sustainable development. They focus on infrastructure investments, particularly in areas like cold storage facilities that support agriculture and pharmaceutical supply chains. They also invest in companies that promote upcycling and reduce food waste, such as those in the cocoa industry. Mirova's investments aim to support expansion, integrate energy-efficient systems, and share upcycling technologies with smallholder farmers.
Mirova SunFunder
Mirova SunFunder provides debt financing to companies like SunCulture, which develops and maintains IoT-enabled solar energy systems and irrigation equipment. They focus on supporting Agri-producers in Kenya, particularly smallholder farmers, by providing improved solutions and expanding their customer base.
Misk
Misk is an accelerator program based in Saudi Arabia that focuses on empowering seed-stage tech startups in the MENA region, particularly those looking to expand into the Saudi market. The program offers a 3-month zero-equity accelerator, providing access to a global network, business development, funding opportunities, and post-program support.
Mistral VC
Mistral VC invests in early-stage African tech companies. They participated in PayTic's $4.4 million funding round to accelerate its growth plans, expand its client base across Africa and the MENA region, and further develop its platform.
Mo Angels
Mo Angels invests in early-stage African tech startups. They participated in a seed round for Duhqa, a Kenyan startup connecting retailers with manufacturers and suppliers. The firm appears to focus on East African ventures, supporting companies in sectors like e-commerce and supply chain.
Mobility 54 Investment SAS
Mobility 54 Investment SAS is investing in SparePap Limited, a Kenyan e-commerce platform for spare parts and on-demand mechanics, through investment and a strategic commercial partnership. The firm seems to focus on mobility-related investments in Africa.
Mobility54
Mobility54 invests in early-stage startups in the African tech ecosystem, particularly those focused on mobility and sustainable transportation solutions. They co-led a seed round for BasiGo, a Kenyan electric vehicle manufacturer, demonstrating their interest in supporting the development of sustainable public transport in Africa.
Modus
Modus Africa invests in early-stage tech companies across Africa. They focus on sectors like fintech, logistics, and e-commerce, providing capital and operational support to help startups scale. Modus also launches venture builders in Egypt.
Monex Ventures
Moniepoint Inc
Moniepoint Inc, a Nigerian company, led a $3 million seed funding round for Payday, a Rwanda-based fintech startup. Payday connects Africans with the world through virtual dollar cards, enabling global money transfers. The investment will support Payday's licensing efforts in the UK and Canada, team expansion, marketing, and UK operations.
Moolu Venture Lab
Moolu Venture Lab is an accelerator that provides startups with access to community, educational resources, tools, and mentoring support to scale their operations. Since 2020, it has trained and empowered over 600 startups across Africa, fostering an environment for startups to thrive and scale up their solutions. Selected startups gain access to training modules, digital tools, and mentoring.
Moonstake
Moonstake participated in the Series A funding round of Ejara, a Cameroonian fintech company providing an investment app for cryptocurrency purchases and decentralized wallets. Ejara aims to expand its reach in Francophone Africa and increase cryptocurrency activity in the region with the new funding.
Morgan Stanley Inclusive & Sustainable Ventures
Focuses on inclusive and sustainable ventures, supporting early- and growth-stage startups across Africa. Aims to drive capital flows and operational support for innovation landscape, particularly in sectors like clean transport, fintech, education, and affordable housing. Supports companies with measurable environmental and social benefits.
Morgan Stanley Inclusive Ventures Lab
The Morgan Stanley Inclusive Ventures Lab is a five-month accelerator program focused on supporting financial inclusion by providing underrepresented early-stage tech founders and tech-enabled businesses with access to finance and networking opportunities. The program includes a customized curriculum, mentorship, and access to networks, culminating in a Demo Day for investors.
Moriva SunFunder
Moriva SunFunder invests in early-stage companies in Africa. They focus on sectors like B2B marketplaces, edtech, supply chain and logistics SaaS, fintech, and retail-tech. They provide funding for pre-seed, seed, and Series A rounds, supporting companies in their expansion and product development efforts across the continent.
Morni
Morni is a Saudi Arabia-based venture capital firm that invests in mobility startups in Egypt. They aim to penetrate the unsaturated Egyptian market and expand their service offering across the region. They plan to invest $10 million in Egyptian mobility startups through Exits.me.
Morningstar Ventures
Morningstar Ventures invests in early-stage Web3 startups. They focus on companies building user acquisition platforms and infrastructure for the decentralized web. The firm participated in Jambo's $30 million Series A round.
Mountain Angel Network
Mountain Angel Network invests in early-stage African tech startups. They participated in the angel funding round of Bohikor, a Cameroonian fintech startup providing financial management solutions. The network focuses on supporting innovative companies with the potential for significant impact and growth within the African market.
Mountain Partners
Mountain Partners invests in early-stage African tech startups. They participated in a seed round for Momint, a South African digital assets management platform focused on solar projects and addressing the energy crisis in Africa. The investment will help Momint improve its solutions and expand its reach across the continent.
Mountain Peak Capital
Mountain Peak Capital is an investor in African tech startups, as evidenced by their participation in the $1 million pre-seed funding round of Nigerian banking-as-a-service fintech startup, Anchor. Anchor helps developers embed and build banking products using its APIs, dashboards, and tools.
Mozilla Technology Fund
Mstudio
Mstudio invests in early-stage African tech startups. They participated in a pre-seed round for Waribei, a fintech company based in Ivory Coast that connects entrepreneurs with financial institutions for credit financing.
