VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Plug and Play
Venture Capital
Review pending
Plug and Play Tech Center
Plug and Play Tech Center is an early-stage investor that invests across a range of industries and geographies. They provide funding, mentorship, and access to their network to help startups grow and scale. They focus on connecting startups with corporations to foster innovation and drive business development.
Plug n Play
Plug and Play invests in various sectors and stages, including early-stage African tech companies. They participated in Workpay's Series A funding round, indicating an interest in HR and payroll management solutions in Africa. Their global presence allows them to bring international expertise and resources to the African tech ecosystem.
Plus VC
Plus VC is an early-stage venture capital firm that invests in startups across the MENA region and Africa. They focus on sectors such as fintech, e-commerce, and logistics, providing capital and support to help companies scale and expand their operations. They participated in rounds for Suplyd and Flend.
Plus Venture Capital
Plus Venture Capital (+VC) invests in early-stage startups, as evidenced by their participation in a pre-seed round for Agel, an Egyptian fintech startup. They focus on supporting companies in North Africa, particularly in sectors like fintech. The firm actively seeks opportunities to help startups refine their product offerings and expand their operations within the region.
Polychain Capital
Polychain Capital invests in companies leveraging Web3 technologies. They participated in funding rounds for Canza, a Nigerian neobank operating within the Web3 framework, and Kollider, a Seychellois Bitcoin derivatives exchange. The firm supports the development of blockchain-based financial solutions and exchanges.
Polymath Capital
Polymath Capital invests in early-stage companies, as evidenced by their participation in the $6 million seed round of Maplerad, a Nigerian BaaS provider. They focus on startups building cross-border payment solutions in fiat and cryptocurrency, and all-in-one finance products that allow users to receive, hold, and make payments in multiple currencies, as well as create virtual and physical cards and pay bills.
Polymorphic Capital
I am sorry, but I could not find any information about Polymorphic Capital in the provided articles. Therefore, I am unable to provide the requested information about their investment thesis.
Pontem Ventures
Pontem Ventures invests in early-stage companies in Africa. They participated in a seed round for Dawa Mkononi, a Tanzanian platform that provides an easy platform for medical shops to conveniently purchase medicine and medical equipment.
Portugal Gateway Fund
Portugal Gateway Fund invests in early-stage African tech startups. They focus on companies building financial access, clean energy, and enterprise software. The fund participated in the pre-Series A rounds of Locstat and Kuunda, indicating an interest in companies with scalable infrastructure and potential for expansion across Africa and the MENA region.
Practical VC
Praesidium Capital Management
Praesidium Capital Management invests in early-stage companies. They participated in a seed funding round for Maholla, a South African consumer rewards startup that rewards users for scanning receipts and provides real-time insights into consumer purchasing behavior.
Precursor Ventures
Precursor Ventures invests in early-stage companies, including those in the African tech space. They participated in the seed funding round of Pivo, a Nigerian fintech startup focused on businesses involved in import, export, manufacturing, distribution, and retail of FMCG, logistics, and clearing and forwarding.
Presight Capital
Presight Capital is an investor in early-stage companies, as evidenced by their participation in a $6 million seed round for FARO, a South African recommerce fashion startup. They invest in companies demonstrating high growth potential and innovative solutions, particularly in emerging markets like Africa. Their investment in FARO indicates an interest in sustainable business models and companies addressing challenges in the retail and textile industries.
Princeton Alumni Angels
Princeton Alumni Angels invests in early-stage companies. They participated in the seed round of Kubik, a cleantech startup based in Ethiopia that produces low-carbon and affordable building materials by transforming hard-to-recycle plastic waste.
Private Sector Foundation Uganda (PSFU)
Private Sector Foundation Uganda (PSFU) invests in companies providing affordable and sustainable energy solutions for households in East Africa. They focus on improving service provision and increasing access to affordable, sustainable, and reliable energy solutions.
Pronomos Capital
Pronomos Capital invests in early-stage companies, as seen in their participation in Itana's pre-seed round. They co-invest alongside other VCs and angel investors. They focus on startups building virtual cities and online platforms that improve the ease of doing business, drive foreign direct investment, and catalyze employment in Nigeria.
Proof VC
Proof VC invests in early-stage startups. They focus on a variety of sectors and geographies, providing seed funding to companies with innovative solutions. They participated in the seed round of Jia, a blockchain-based fintech startup providing loans to micro and small businesses in emerging markets, specifically Kenya and the Philippines.
Proparco
Proparco is a Development Finance Institution (DFI) that invests in African tech startups. They focus on supporting the growth of companies like BasiGo, which is deploying electric buses across Kenya and Rwanda. Their investments aim to accelerate expansion, develop infrastructure, and provide long-term financing for sustainable and impactful projects.
Proparco guarantee
Proparco provides guarantees to support investments in African tech companies. They aim to foster economic development and innovation across various sectors, including property, mobility, AI, and consumer platforms. Their investments support growth capital, operational expansion, and strategic acquisitions, contributing to a more deliberate and confident market in Africa.
Propeller
Prosus Ventures
Prosus Ventures invests in technology companies, with a focus on sectors like fintech and AI. They participate in various funding stages, including Series A, and have invested in companies expanding within Africa and into other regions like the GCC and the US. Their investments aim to support companies in scaling their operations and expanding their market reach.
Protocol Labs
Providus Bank
Providus Bank invests in African tech companies, as evidenced by their investment in FrontEdge, a fintech platform offering financing services, cross-border payments, offshore accounts, and software tools to African importers and exporters. They participate in debt and equity seed rounds.
Purity Information Technology
Purity Tech
Purity Tech invests in startups in the MENA region. They participated in the Series A round of Wuilt, a platform that helps individuals and businesses create websites and e-stores without coding knowledge.
Push Ventures
Push Ventures participated in Turaco's $10M Series A funding round. Turaco is an insurtech company that provides medical, life, asset, and vehicle insurance packages to over 500,000 people in Nigeria, Kenya, and Uganda.
QBN Capital
QED
QED Investors
QED Investors is a venture capital firm that invests in fintech companies. They focus on companies that are using technology to improve financial services and make them more accessible to consumers and businesses. They co-led Remedial Health's $12 million Series A round and participated in Revio's $5.2 million seed round.
QED Zephyr Acorn
The investor is active in the African tech space, investing in early-stage startups across various sectors, including construction tech, social commerce, sustainable automotive utilities, insurtech, and B2B supply chain and logistics. They focus on companies providing innovative solutions and demonstrating outstanding achievements in East Africa, with investments in Kenya, Egypt, and Nigeria.
Qatar National Bank ALAHLI (QNB ALAHLI)
Qatar National Bank ALAHLI (QNB ALAHLI) invested $2.4 million in KarmSolar, an Egypt-based cleantech company, to finance the solar Power Purchase Agreement (PPA) battery storage system in Egypt and KarmSolar’s plans to implement battery solutions on a larger scale in Egypt and throughout the region.
Qora71
Qora71 invests in early-stage companies in the MENA region. They participated in an undisclosed funding round for Roomz.rent, a co-living platform based in Egypt. The investment will enable Roomz.rent to scale operations across Egypt, enhance its matching platform capabilities, and expand to new urban markets throughout the MENA region.
Qualcomm
Qualcomm runs the Make in Africa Startup Mentorship Program, an equity-free program supporting early-stage startups in Africa. The program focuses on startups developing innovative end-to-end solutions, providing access to business coaching, engineering consultation, and intellectual property protection guidance. Participating startups gain mentorship, skill acquisition, and visibility through demos and connections with industry leaders.
Quiet Capital
Quona Capital
Quona Capital is a venture capital firm that invests in fintech startups revolutionizing digital payments and financial solutions in Africa. They focus on companies enabling seamless and secure transactions across various channels, supporting financial inclusion, cross-border transactions, and digital banking experiences for businesses and individuals.
R9C Ventures
R9C Ventures invests in early-stage startups, as evidenced by their participation in a $1.4 million pre-seed funding round for Ayoken, a blockchain-based platform for digital collectibles. They co-invest alongside other VCs and angel groups.
REdimension Capital
REdimension Capital invests in African startups, as seen in their investment in The Good People Data Company (TGPDC), a South African digital solutions provider. They focus on companies that offer digital workflow automation, verification systems, and compliance solutions, supporting their growth and scaling efforts.
RIoT Accelerator Program
RIoT Accelerator Program is a 12-week training cohort for early-stage startups in the IoT technology ecosystem. It connects startups with an industry consortium of over 90 companies to learn, partner, and bring their products to market. The program supports entrepreneurial processes, from commercialization to startup growth and corporate innovation project research. It is sector-agnostic and open to all startups regardless of their product.
RMB
RMB Ventures invests in African tech startups. They participated in a $1.65 million seed round for Envisionit Deep AI, a South African medtech startup. They also co-invested with Investec in a $98 million funding round for Solar Africa, a solar energy solutions provider focused on solar-as-a-service (SaaS) and energy efficiency solutions across Africa.
RTA
RTA invests in early-stage African tech companies. They participated in an undisclosed funding round for Chekkit, a Nigerian product authentication startup using blockchain for supply chain tracking. The investment will help Chekkit expand within Africa and into new markets like India, the UK, and the Middle East.
RV Ventures
RZM Investment
RZM Investment invests in early-stage startups in Africa and the MENA region. They have invested in sectors such as payment operating systems and delivery management SaaS. Their investments range from seed to Series A rounds, supporting companies looking to scale their technology and expand their market presence.
Raba Capital
Raba Capital invests in early-stage African tech startups. They participated in a $5.1 million funding round for Nile, a South African agritech startup connecting fresh produce buyers and sellers. The firm focuses on providing a platform for direct and secure transactions.
Raba Partnership
Raba Partnership invests in early-stage African tech startups. They focus on sectors like fintech, e-commerce, and enterprise software, providing seed and Series A funding. The firm aims to support companies leveraging technology to solve key challenges across the continent, with a particular interest in South Africa, Nigeria, and Kenya. They look for scalable business models and strong founding teams.
Rabobank
Rabobank provides debt financing to companies in the agriculture and energy sectors in Africa. They focus on supporting renewable energy solutions and agricultural value chains. They provide debt financing to companies that provide clean, renewable, and affordable energy to poor households both on and off the grid and agritech startups that develop solutions to increase access to farmers and simplify transactions throughout the agricultural value chain.
Radical Ventures
Radical Ventures is an investor that participated in a $2.5 million pre-seed round for Ubenwa, a healthtech startup developing AI-powered software for early identification of neurological and respiratory conditions in infants using cry sounds. The investment indicates an interest in early-stage AI-driven healthtech companies operating in Africa.
Raed Ventures
Raed Ventures is a venture capital firm that invests in early-stage startups across the MENA region, including Egypt. They focus on technology-driven companies and participate in funding rounds alongside other investors. Their investments span various sectors, including fintech and e-commerce.
