VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Avalanche’s Blizzard Fund
Venture Capital
Avalanche's Blizzard Fund invests in Web3 companies. Canza, a Neobank operating within the Web3 framework, secured $2.3 million from Polychain Capital, Protocol Labs, Avalanche’s Blizzard Fund, 99 Capital, Stratified Capital, Hyperithm.
Avanz Capital Egypt
Avanz Capital is an active venture investor in the African tech ecosystem. While specific details regarding their investment thesis, such as preferred sectors, stage, geography, and typical check size, are not explicitly mentioned in the provided articles, they participate in funding rounds for startups across the continent.
Averroes Ventures
Review pending
Axian
Axian is a corporate venture capital arm that provides both investment and debt support to African startup companies. They invest in HR-tech startups and companies that provide technology-enabled decentralized water and energy infrastructure solutions to underserved sectors across Africa.
Axian CVC
Axian CVC invests in companies like Bfree, which provides financial support services with tech solutions and risk management tools incorporating AI for financial service providers. Bfree focuses on helping customers achieve full financial health and is pivoting to incorporating datasets on non-performing loan portfolios to evaluate and structure portfolio acquisitions.
Axian Group
Axian Group is an investment firm that participates in funding rounds for African tech startups. They invest in sectors such as fintech, mobility, and clean energy. Axian invests in companies like Dawa Mkononi and Bosta.
Axian Venture Lab
Axian Venture Lab invests in early-stage African startups, as demonstrated by their participation in PayTic's $4.4 million funding round. PayTic is a fintech solutions provider that powers the backend operations for financial service providers. The company provides a no-code, plug-and-play platform through which banks and electronic money institutions can easily automate the back-office operations of their cards and payments programs.
Axian Ventures
Axian Ventures invests in early-stage African tech startups. They participated in Waspito's $2.5 million seed extension round, a digital platform connecting users to doctors and health services in Cameroon. The firm focuses on innovative solutions with the potential for significant impact across the continent.
Azur Innovation Fund
Azur Innovation Fund invests in early-stage startups, as seen in their investment in Enakl, a Moroccan mobility startup. They focus on technology and innovation, supporting companies with seed funding to scale their operations and develop their platforms. Their investments span various sectors, including mobility and cleantech, with a focus on companies based in Morocco and expanding across the MENA region.
Azur Innovation Management
Azur Innovation Management invests in Moroccan startups, as seen in their investments in ORA Technologies and Kwiks. They focus on technology upgrades, regional expansion, and customer acquisition for their portfolio companies. The firm supports startups in sectors like e-commerce, fintech, and HR tech, aiming to enhance accessibility and convenience for users across Morocco.
BACKED VC
BACKED VC is not explicitly mentioned in the provided articles. Therefore, I cannot provide a factual summary of their investment thesis, HQ country, or fund size. The articles focus on other investors and startups in the African tech ecosystem.
BECO Capital
BECO Capital is a venture capital firm that invests in early-stage technology companies in the Middle East and North Africa (MENA) region. They focus on sectors such as fintech, e-commerce, and digital media. BECO Capital typically invests in startups with strong founding teams and innovative solutions addressing large market opportunities.
BESTSELLER Foundation
BESTSELLER Foundation invests in early-stage companies, as demonstrated by their participation in Kubik's $3.34 million seed round. Kubik, based in Ethiopia, focuses on producing low-carbon and affordable building materials by transforming hard-to-recycle plastic waste. The foundation supports ventures that drive innovative solutions and sustainable development.
BFA Global
BFA Global invests in early-stage ventures focused on applying technology to solve challenges related to inclusive finance, climate resilience, and the future of work in emerging markets, particularly in Africa. They provide capital and venture-building support to startups that demonstrate potential for scalability and impact, often participating in seed and pre-seed rounds.
BH Digital
BH Equity
BH Equity is a venture capital investment subsidiary of BH BANK. They invest in Tunisian startups, as evidenced by their investment in Millesima Technologies, a private video streaming startup focusing on video technology and data analytics.
BICIS
BICIS is an investor in Eyone, a Senegalese digital platform connecting patients with healthcare service providers, including hospitals, clinics, insurers, and government agencies, to create an interconnected healthcare ecosystem in Africa. The investment will allow Eyone to increase its digital health offerings and widen its reach across Africa.
BII
BII invests in African tech startups across various sectors, including mobility, clean energy, and fintech. They participated in the Series B round of nextProtein, a Tunisian company producing insect-based animal feed. BII also co-invested in Paymob's Series B extension, an Egyptian payment solutions provider. They aim to support scalable, climate-aligned, and digitally enabled businesses in Africa and the MENA region.
BIM Ventures
BIM Ventures invests in early-stage startups, as evidenced by their lead in the $1.3 million pre-seed round for CONIX.AI, a design tech startup based in the UK and founded in Egypt. The firm focuses on companies that are developing innovative solutions, such as CONIX.AI's AI-powered platform for real estate developers and architects.
BIO
BIO invests in climate and impact solutions in Sub-Saharan Africa, with a focus on energy transition. They aim to achieve meaningful climate, economic, and gender impacts. They invest in solutions with the potential to accelerate Sub-Saharan Africa’s energy transition.
BITKRAFT Ventures
BITKRAFT Ventures is an investor in the gaming and interactive content space. They participated in the Pre-Series B round of Carry1st, a South Africa-based mobile games publisher that helps studios scale their games across Africa. The funding will be used to create, license, and publish new games, as well as expand Pay1st, the company’s monetization-as-a-service solution.
BKR Capital
BKR Capital invests in fintech companies. They participated in a seed round for Cauridor, a fintech company focused on digital payments and financial services in Africa, with plans to expand its technology infrastructure and scale its services across key African markets.
BLOC Smart Africa
BLOC Smart Africa is an early-stage investor focused on African tech startups. They participated in the seed round of Afrikamart, a Senegalese startup revolutionizing the fresh food value chain. They also led the pre-Series A funding round of TooMuchWiFi, a South African company delivering low-cost internet to Township Communities.
BMCE Capital Investment
BMCE Capital Investment invests in African tech startups. They participated in the Series A funding round of Vendease, a Nigerian food procurement startup. Vendease aims to improve the efficiency of the food supply chain in Africa, offering procurement and financial services to restaurants and food businesses.
BMCE Capital Investments
BMCE Capital Investments invests in African tech startups. They participated in LAfricaMobile's $2.2M Series A extension, which will be used to scale its AI communication solutions and operations to serve other parts of Africa and even markets on other continents.
BOND
BPI France
BTN.vc
BTN.vc invests in early-stage companies, as demonstrated by their participation in Emtech's $4 million seed round. They co-invested with Matrix Partners India, VestedWorld, Alumni Ventures, LoftyInc Capital, Level Up Ventures and Collide Capital. The firm focuses on companies building innovative solutions, as seen in Emtech's CBDC Innovation Kit.
BakerBridge Capital
BakerBridge Capital invests in early-stage African tech startups. They participated in the pre-seed funding round of Intron Health, a Nigerian AI startup developing speech-to-text transcription tools for the healthcare industry.
Bamboo Capital’s BLOC Smart Africa Fund
BLOC Smart Africa Fund, managed by Bamboo Capital, invests in African tech companies. While the provided text doesn't specify sectors, stage, geography, or typical check size, the fund participated in Kasha's $21 million Series A round, indicating a focus on growth-stage companies. The fund also invests in companies with a focus on sustainability.
Banana Capital
Banana Capital invests in early-stage startups in Africa. They participated in Umba's $15 million Series A funding round. Umba is a Lagos-based digital bank that allows users to spend, pay bills, get loans, and cashback all from their mobile phone.
Bank of America
Bank of America supports initiatives and accelerator programs for startups, particularly those focused on green entrepreneurship and women entrepreneurs. They provide resources, coaching, technical support, and access to networks. They also support programs related to journalism and financial technology.
Bank of Industry
Bank of Industry is a Development Finance Institution (DFI) that supports various sectors in Nigeria. They provide financial assistance to startups and established companies, contributing to economic growth and development within the country. They support initiatives like the Flourish Africa Grant for Female Entrepreneurs.
Banque Misr
Banque Misr is an Egyptian venture capital investor that participates in funding rounds for startups in Egypt and the MENA region. They invest in pre-seed and Series A rounds, supporting companies in sectors like fintech and proptech. Their investments aim to foster financial inclusion and support the growth of SMEs.
Banque Misr Acceleration Program
Banque Misr Acceleration Program invests in early-stage startups. They participated in a pre-Seed round for an Egyptian fintech startup providing Sharia-compliant lending services to SMEs. The program supports startups through funding and resources to scale their operations and expand their market presence.
Banque du Caire
Banque du Caire invests in early-stage startups, as demonstrated by their participation in the seed round of Brotinni, an Egyptian foodtech startup. They focus on companies within Egypt. The investment in Brotinni will be used to grow its network of dark butchers, expand its logistics team, and invest in technology.
BantuHub Foundation
SDG Namibia One Fund provides early-stage capital for projects aligned with sustainable development goals in Namibia. It operates as a blended finance vehicle, supported by international and local partners, focusing on clean energy and industrial developments. Climate Fund Managers oversee the execution of the fund's investments.
Baobab Network
Baobab Network is an early-stage investor and accelerator program that consistently supports the African startup ecosystem. They focus on providing funding support for African startups, particularly in the early stages. They have invested in various sectors, including fintech, AI, and solutions for community safety.
Base Capital
Base Capital invests in early-stage African tech startups. They participated in a seed extension round for Kwara, a Kenyan fintech company. They also invested in Nile, a South African agritech startup connecting fresh produce buyers and sellers. Base Capital seems to focus on innovative solutions across various sectors in Africa.
Base Ecosystem Fund
Base Ecosystem Fund invests in crypto-backed projects and crypto-native products. The fund aims to democratize access to economic opportunities presented by crypto and web3, focusing on providing individuals in frontier markets with equitable access to economic possibilities.
Base10 Partners
Base10 Partners is a venture capital firm that invests in technology companies. They participated in a Pre-Series B round for Nomba, a Nigerian payment service provider, and a seed round for Bumpa, a Nigerian social commerce startup. They focus on companies using automation to improve industries and daily life.
Basecamp Fund
Basecamp Fund invests in early-stage startups, as evidenced by their participation in seed rounds for African tech companies like Duplo, a Nigerian B2B payment startup. They co-invest alongside other VCs and accelerators.
Baseeta Investments Holding
Baseeta Investments Holding is an Egyptian investment firm that invests in early-stage startups and SMEs. They aim to increase investment awareness in the region by spreading education on the value of early investments in all verticals and business functions. They participated in a pre-seed round for Exits.me, an Egypt-based investment marketplace.
Bathurst Capital
Bathurst Capital invests in early-stage African tech startups. They participated in a pre-seed funding round for Eden Care, a Rwandan digital insurer using technology and data science to improve healthcare access. The investment will support Eden Care's expansion and the introduction of telemedicine services.
Bayer Foundation
Bayer Foundation invests in startups that align with Bayer's mission, focusing on health and nutrition, and sustainable agriculture. They support early-stage ventures with innovative solutions to address global challenges in these areas, often providing not only capital but also access to Bayer's expertise and resources.
Beenok
Beenok is a venture capital firm that invests in early-stage startups in Africa. They focus on companies that are using technology to solve problems in areas such as fintech and proptech. They participated in the pre-Series A round of Agenz, a Morocco-based proptech startup, and the seed round of MNZL, an Egyptian fintech startup.
Beltone VC
Beltone Venture Capital invests in early-stage startups in Africa. They focus on companies with innovative solutions and high growth potential, as evidenced by their investment in LNKO, an eyewear startup aiming to revolutionize Africa's eyewear industry through innovative design, local manufacturing, and direct-to-consumer sales.
Beltone Venture Capital
Beltone Venture Capital invests in early-stage startups across various sectors, including technology, fintech, and mobility, with a focus on Egypt and the broader MENA region. They provide seed and Series A funding to companies demonstrating strong growth potential and innovative solutions for local and regional challenges, particularly in underserved markets.
