VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Contact Factoring
Venture Capital
Contact Factoring provides capital facilities to startups. They provided a $6.5 million capital facility to OneOrder, an Egyptian B2B e-commerce startup that provides food supplies to hotels, restaurants, and cafes.
Contact Financial Holding
Contact Financial Holding invests in early-stage startups, particularly those digitizing services. They aim to complement startups' work with their expertise, as demonstrated by their investment in Carzami, an online platform for buying and selling used cars. Contact supports Carzami's plans to launch a digital car dealership model, including vehicle financing and insurance options.
Convergence Partners
Convergence Partners is a private equity investor focused on technology in Sub-Saharan Africa. They invest in companies involved in digital transformation and improving the efficiency of African capital markets. They led Yellow's $14 million Series B round to strengthen its presence in existing markets and introduce digital and financial products. They also invested $10 million in 42Markets Group, a South African fintech incubator.
Core Ventures
Core Ventures is an investor in African tech, as evidenced by their participation in the pre-seed funding round of Hamilton, an Egyptian blockchain and crypto startup. Hamilton is focused on designing solutions to promote blockchain adoption in the MENA region by leveraging the Bitcoin network to tokenize real-world assets.
Core Vision
Core Vision invests in early-stage companies, as evidenced by their participation in the seed funding round of Gameball, an Egypt-based marketing CRM platform. The firm focuses on customer intelligence and marketing platforms that assist consumer brands in creating personalized customer engagement and monetizing their customer base.
Costanoa Ventures
Costanoa Ventures invests in early-stage startups. They participated in a $7.1 million seed round for Cadana, a payroll services provider for financial institutions, talent marketplaces, and international hiring platforms, enabling businesses to compensate their workforce across over 32 emerging markets.
County Pension Fund Financial Services
County Pension Fund Financial Services is a private equity investor active in the African tech space. They invest in companies like Zepz (WorldRemit and Sendwave), which operates financial services infrastructures that enable clients to conduct cross-border transactions. The fund supports companies that are expanding across African markets and beyond.
Courtside Ventures
Review pending
Cozbaz Co
Cozbaz Co invests in early-stage African tech startups. They participated in the pre-seed round of Arnio, an Ivory Coast-based company specializing in the design and engineering of electric vehicles and charging station technology. The investment supports Arnio's development, testing, and team expansion.
Creadev
Credit Suisse
Credit Suisse supports impactful enterprises working to close the SDG 14 gap, specifically for-profit businesses that improve ocean health. They provide a $50,000 grant, mentorship from Credit Suisse professionals, and sponsorship to the One Young World Summit 2023.
Crestone VC
Crestone VC participated in an $8.4M seed round for Kippa, a Nigerian financial management and payments platform for small businesses. Kippa offers a suite of financial services enabling small-business owners to incorporate their businesses, open bank accounts, receive and send payments, build online web stores, and manage operations from a single platform. The funds will be used to develop products that help SMEs grow.
CrossBoundary
CrossBoundary invests in companies that sequester carbon from agricultural waste and convert it into useful fertilizers. The company's solutions are implemented across several land and forest regeneration projects. They support companies that improve the productivity of smallholder farmers.
CrossFund
CrossFund invests in early-stage African tech startups. They participated in a $500,000 pre-seed round for Syarpa, a Nigerian fintech company offering services such as money transfers, bill payments, and cryptocurrency trading.
Crossfin Ventures (Pty) Ltd
Crossfin Ventures invests in early-stage African tech startups. They participated in Momint's $1.25 million seed round, a digital asset 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.
CrosssFund
CrosssFund invests in early-stage startups in Africa. They focus on connecting retailers with manufacturers and suppliers, both locally and internationally. They participated in a $2 million seed round for Duhqa, a Kenyan startup enabling retailers to connect with manufacturers and other supply sources.
Crypto League
Crystal Springs Foundation
I am sorry, but I cannot provide the investment thesis for Crystal Springs Foundation, as the provided article does not contain information about their investment focus, sectors, stage, geography, or typical check size.
Cubit Ventures
Cubit Ventures invests in early-stage tech startups in Egypt and the MENA region. They focus on companies digitizing traditional industries and addressing local challenges with innovative solutions. Sectors of interest include fintech, edtech, and other tech-enabled services. They aim to support startups with high growth potential and regional expansion plans.
Cultur3 Capital
Culture Capital
Culture Capital invests in early-stage startups, including pre-seed rounds. They participated in a $1.2 million pre-seed funding round for Jendaya, a Nigerian luxury e-commerce startup. The firm focuses on backing companies that are scaling their operations.
Cur8 Capital
Cygnum Capital
Cygnum Capital invests in African tech companies. They participated in Yellow's $14 million Series B round, which focuses on asset financing for solar energy and digital devices in Africa. Yellow operates in Malawi, Rwanda, Uganda, Zambia, and Madagascar.
D Global Ventures
DAI
DAO Jones
DAO Jones invests in crypto-related ventures across Africa. They participated in MARA's $23 million seed round, which is a Pan-African crypto exchange platform. The firm invests alongside other crypto investors.
DCG
DCG Expeditions
DCG/Luno
DCG/Luno invests in African tech startups. They participated in a funding round for Okra Solar, which develops IoT-enabled hardware and software for last-mile energy companies serving remote off-grid communities. They also invested in Nestcoin, a cryptocurrency investment software that enables investors to develop and invest in crypto-backed projects.
DEG
DEG invests in companies that have a developmental impact and contribute to sustainable economic growth in developing and emerging countries. They focus on sectors such as renewable energy, financial inclusion, and digital solutions. They provide financing and support to companies that are scaling their operations and expanding into new markets.
DEG Impulse
DEG Impulse invests in African tech startups, as evidenced by their participation in funding rounds for companies like Kuunda and Chari. These investments span various sectors, including fintech, B2B commerce, and embedded finance. The investments aim to support the growth and expansion of these companies within Africa and into new markets.
DFC
DFC provides debt financing to African tech companies, supporting various sectors including fintech, electric vehicles, and agriculture. They focus on enabling growth and expansion for companies like M-Kopa, Roam Electric, Inputi LTD, and Copia Global, contributing to financial inclusion, local manufacturing, and agricultural innovation across the continent.
DFI Proparco
Proparco is a DFI that invests in African tech companies. In the provided article, they participated in a seed debt-equity funding round for Maad, a B2B e-commerce solutions platform for informal retailers of fast-moving consumer goods in Senegal. Maad plans to use the funding to expand its coverage in Africa and introduce a Buy Now Pay Later service.
DFINITY Foundation
DFINITY Foundation invests in companies like MNT-Halan, which operates a fintech ecosystem connecting vendors, microenterprises, and customers through digital finance solutions. They also invest in companies like d.light, which specializes in sustainable energy solutions such as portable solar lanterns and PayGo finance products in Sub-Saharan Africa and Asia.
DFS Lab
DG Daiwa Ventures
DG Daiwa Ventures invests in early-stage startups. While the provided text does not offer specific details on their African investment thesis, their participation in the seed round of Remedial Health, a Nigerian digital procurement and PMR platform for healthcare providers, indicates an interest in the healthtech sector within the African market.
DG Incubation
DG Incubation invests in early-stage startups, as evidenced by their participation in Spiker's Pre-Series A funding round. Spiker, founded in Japan but based in Rwanda, develops AI-powered fetal heart rate monitoring technology. DG Incubation's investment will support Spiker's sales activities in Africa, AI development, and medical device certifications.
DLF Family Office
DLF Family Office invests in early-stage African tech startups. The firm participated in the pre-seed round of Bitmama, a Nigerian blockchain payments startup. Bitmama offers cryptocurrency exchange services, debit cards for online payments, utility payments, and staking options. It also provides a social payment platform called Changera for non-crypto users to send and receive money globally.
DMZ Cairo
DMZ Cairo runs a fintech bootcamp offering guidance, networking, and resources to startups. Benefits include potential funding of up to 200,000 EGP, fast-track entry into their incubator, expert mentorship, and opportunities to pilot solutions in banking environments. They focus on supporting early-stage fintech companies in Egypt.
DN Capital
DOB Equity
DOB Equity invests in East African companies with a focus on sustainability and social impact. They target sectors such as agriculture, energy, and healthcare, providing capital and expertise to help businesses scale and create positive change within their communities. They look for companies with innovative solutions and strong growth potential.
DOEN Participaties
DOEN Participaties invests in renewable energy providers and companies that provide access to energy. They focus on companies that deliver value for money products and services, such as off-the-grid solar and internet connectivity solutions, to customers committed to long-term improvements in their lives.
DPI
DPI via Nclude
DPI via Nclude invests in early to growth stage companies in Egypt and North Africa. They focus on tech-enabled businesses across various sectors, including fintech, proptech, and edtech. Their investments aim to support companies that are addressing key challenges and opportunities in the region, such as financial inclusion, housing market transparency, and career development.
DRC Impact Angels
DRC Impact Angels invests in early-stage companies in the Democratic Republic of Congo. They focus on businesses that have a positive social or environmental impact. The fund does not appear to have a specific sector focus, but has invested in services and edtech.
DRK Foundation
DRK Foundation invests in ventures addressing social and environmental challenges. They focus on scalable solutions with a high potential for impact, often supporting early-stage companies in sectors like healthcare, education, and poverty alleviation. They look for innovative approaches and strong leadership teams.
DST Global
DST Global invests in high-growth, late-stage internet and technology companies globally. They focus on companies with strong network effects and demonstrated market leadership, providing capital for expansion and strategic opportunities. The firm supports companies scaling into new markets and strengthening their competitive positions.
Daphni
Daphni is a venture capital firm that invests in early-stage startups. They participated in the Series A round of Flow48, a fintech company providing alternative financing solutions for SMEs in emerging markets. Flow48 leverages AI-powered data analytics and risk assessment to offer revenue-based financing and embedded finance solutions.
