VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
ABV funds
Venture Capital
ABV Funds invests in early-stage African tech startups. They focus on providing pre-seed funding to companies building innovative solutions across various sectors. Their investments range from fintech to e-commerce, supporting startups with the capital and resources needed for initial growth and market validation.
ARM Labs
ARM Labs is an initiative by ARM that partners with TechnoVision’s TVC labs to provide young Nigerians with opportunities to develop their innovative ideas into profitable start-up ventures in Nigeria. They invest in early-stage startups, particularly those leveraging technology to solve problems in the real estate sector. They also participated in a seed round for HouseAfrica, a Nigerian prop-tech startup.
Access Bank’s W Initiative
Access Bank's W Initiative focuses on supporting women-owned businesses in Africa through the Womenpreneur Pitch-a-ton program. The program provides mini-MBA certification, capacity building, business coaching, and financial grants to WSMEs. It aims to empower women entrepreneurs and promote enterprise growth and development.
Acquired Wisdom Fund (AWF)
Acquired Wisdom Fund (AWF) invests in early-stage African tech startups. They participated in Clafiya's $610,000 pre-seed round, a Nigerian startup offering in-person and virtual consultations connecting patients with healthcare professionals. AWF's investment focus includes supporting companies that improve healthcare access and delivery in Africa.
Adamantium Fund
Review pending
Adaverse
Adaverse is an African tech venture capital firm that invests in early-stage startups building blockchain solutions. They focus on companies leveraging blockchain technology to solve problems across various sectors, including finance, agriculture, and healthcare. Adaverse provides funding, mentorship, and access to a network of resources to help its portfolio companies grow and scale.
Advancly
Advancly is a Nigerian venture capital firm that invests in early-stage startups in Africa. They focus on pre-seed and seed rounds, providing funding to companies with innovative solutions and high growth potential. Their investment in Zofi Cash, an Ugandan fintech company, demonstrates their interest in the fintech sector and their commitment to supporting startups that address critical needs in the African market.
Afrinovation Ventures
Afropeneur
Afropeneur invests in early-stage startups in Africa. They participated in a pre-seed round for a Nigerian trade tech startup. The firm focuses on ventures that enable businesses to scale across multiple African countries.
Aidi Ventures
Aidi Ventures invests in early-stage African tech startups. They participated in a pre-seed round for Messenger, a Nigerian logistics platform, and a pre-seed round for Creditchek, a Nigerian startup focused on creditworthiness assessment. The firm invests in companies building digital solutions and platforms across various sectors.
Ajim Capital
Ajim Capital invests in early-stage African tech startups. They participated in the pre-seed round of BuuPass, a Kenyan transportation booking platform, and Clafiya, a Nigerian healthtech startup. The firm focuses on growth activities and increasing market share in East Africa, with a focus on Kenya and Uganda.
Alitheia Capital
Alitheia Capital invests in businesses that demonstrate strong growth potential and social impact, particularly those focused on gender equality. They target sectors such as agribusiness, financial services, and technology-enabled solutions, providing capital and support to scale operations and expand market reach across Africa. They look for opportunities to drive sustainable development and empower women through their investments.
Alitheia IDF
Alitheia IDF is a venture capital firm that invests in African tech companies. They focus on businesses that promote gender equality and sustainable development. The firm provides growth capital to businesses across various sectors, including agribusiness, financial services, and technology. They aim to support companies that have a positive social and environmental impact.
All On
All On invests in sustainable energy solutions, particularly those tackling grid unreliability and high energy costs in Nigeria. They support companies providing clean and reliable energy for homes and businesses, often through lease-to-own models. They participated in Arnergy's funding rounds.
Alumni Angel
Argentil Capital
Argentil Capital invests in early-stage African tech startups. They participated in the pre-seed round of Kunda Kids, a Nigerian media publisher and creative studio focused on introducing African culture to children through engaging content.
Armyn Capital
Armyn Capital invests in early-stage African tech companies. They participated in the seed round of a Nigerian BaaS provider. The firm focuses on startups building solutions for the African market, with a particular interest in fintech and companies leveraging technology to solve local challenges.
Aruwa Capital
Aruwa Capital is a Nigeria-based early-stage growth equity and gender-lens fund. They invest in various sectors, including healthcare, e-commerce, and furniture. Aruwa Capital focuses on businesses that provide essential goods and services to the rapidly growing base of the African population.
Aruwa Capital Management
Aruwa Capital Management invests in early-stage companies in Nigeria, particularly those focused on healthcare, fintech, and essential consumer goods. They aim to support businesses that address critical gaps in the market and demonstrate the potential for significant social and economic impact. They participated in a $3 million Pre-Series A round for MDaaS.
Atom Capital
Atom Capital is an early-stage venture capital firm that invests in startups building solutions for the African market. They focus on pre-seed and seed-stage companies across various sectors, including fintech, e-commerce, and healthcare. The firm aims to support innovative and scalable businesses that address critical challenges and opportunities in Africa.
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.
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.
Berrywood Capital
Berrywood Capital invests in early-stage African tech startups. They participated in a pre-seed round for VeendHQ, a Nigerian startup enabling financial institutions and merchants to embed credit into various ecosystems.
Bold Angel Fund
Bold Angel Fund invests in early-stage African tech startups. They participated in Clafiya's $610,000 pre-seed round, which focuses on connecting patients with healthcare professionals for in-person and virtual consultations, including at-home diagnostic testing.
Boleh Venture
Boleh Venture invests in early-stage startups across various sectors in Africa. They participated in a pre-seed round for a Nigerian trade tech startup. The firm focuses on supporting businesses that are scaling across the continent.
Bujeti
Bujeti partners with SME Growth Lab to provide grants to SMEs in Nigeria. The accelerator program aims to empower business owners and startup founders with digital skills, mentorship, community, and resources to transform their operations and drive economic growth. They provide funding support in the form of grants for outstanding entrepreneurs.
CMC 21 & Alsa
CMC 21 & Alsa invests in African tech startups. They participated in a $4 million funding round for Shuttlers, a Nigerian mobility startup that provides a bus-sharing platform for individuals and corporate passengers in Lagos and Abuja.
Canza Finance
Canza Finance invests in early-stage African tech startups. They participated in a pre-seed round for a Nigerian DeFi startup focused on sports betting. Their investment focus appears to be on innovative financial solutions within the African market.
CardinalStone Capital Advisers
CardinalStone Capital Advisers (CCA) is a West African private equity fund. They invest in companies like AfyA Care, a Nigerian healthcare group providing integrated healthcare services including hospital care, health insurance and health technology services. CCA's investments aim to strengthen talent, expand brands, and scale health tech solutions to transform healthcare delivery in Nigeria and beyond. They also invested in Arnergy, a company providing sustainable energy solutions.
CcHub
CcHub runs accelerator programs and provides grants to African startups. They focus on supporting solutions that empower women, improve learning outcomes through EdTech, and develop sustainable solutions in the agri-food value chain. They provide training, mentorship, equity-free funding, and access to networks of professionals and investors.
Chapel Hill Denham
Chapel Hill Denham invests in African tech startups. They participated in a $15 million pre-Series A funding round for Omnibiz, a Nigerian B2B e-commerce platform. The firm appears to focus on early to growth stage companies across various sectors.
Chui Ventures
Chui Ventures invests in early-stage African startups. They participated in the seed round of Pricepally, an online grocery store operating in Nigeria, and Uncover, a Kenyan e-commerce skincare company. They focus on companies with the potential for growth and expansion across Africa.
Club 14
Club 14 invests in early-stage African tech startups. They participated in the seed round of Bumpa, a Nigerian social commerce startup that provides digital solutions for SMEs. The firm focuses on companies building solutions for the African market, with a particular interest in social commerce and digital tools for businesses.
Co-Creation Hub (CcHub)
CcHub is a Nigerian venture capital firm that invests in early-stage startups across Africa. They focus on startups in the fintech space, as demonstrated by their investment in Kwaba. CcHub provides funding and support to help startups grow and scale their businesses.
Consonance Investment
Consonance Investment invests in early-stage companies, as shown by their participation in the $1 million pre-seed round of Norebase, a Nigerian trade tech startup. They co-led the round with Samurai Incubate, alongside other investors.
Development Bank of Nigeria
Development Bank of Nigeria (DBN) is focused on capacity building and providing access to finance for MSMEs in Nigeria. They offer training programs and grant funding to support entrepreneurship and business growth, leveraging partnerships and a learning management system to reach a wide range of businesses.
Dunbar Capital
Dunbar Capital invests in early-stage African tech companies. They participated in the seed round of a Nigerian BaaS provider, Maplerad, which offers cross-border payment solutions in fiat and cryptocurrency. Maplerad intends to use the funding to increase client acquisition, obtain new licenses, expand its staff, and solidify its position across Africa.
E62 Ventures
E62 Ventures invests in early-stage African tech startups. They focus on companies building solutions for the African market, with a particular interest in sectors like fintech, e-commerce, and SaaS. They look for innovative business models and strong founding teams with the potential to scale across the continent.
EFG EV Fintech
EFG EV Fintech invests in early-stage African tech startups, with a focus on blockchain payments and cryptocurrency exchange platforms. They aim to support companies that enable users to trade cryptocurrencies, make online payments, pay utilities, and perform transactions like staking. The firm also backs social payment platforms that facilitate international money transfers for non-crypto users.
EchoVC
EchoVC invests in early-stage technology companies across Africa. They focus on startups building innovative solutions in various sectors, including fintech, clean energy, and mobility. The firm provides funding and support to help these companies scale and expand their operations across the continent.
Ecobank Fintech Challenge
Ecobank Fintech Challenge supports early-stage fintech startups in Africa. They focus on identifying and nurturing innovative solutions that address specific challenges within the African financial landscape. The challenge provides startups with opportunities for mentorship, networking, and potential investment, helping them scale and expand their reach across the continent.
Elm
Elm invests in African startups, as seen in their investment in YouVerify, a Nigerian company providing KYC and compliance solutions for banks and startups. Youverify focuses on streamlining AML compliance, bolstering global risk intelligence, and expanding its products into new markets.
Emerging Media Nigeria
Emerging Media Nigeria collaborates with The InnovationHub Africa and Resources Limited to organize the Nigeria Innovation Summit (NIS). NIS is an annual event for stakeholders, entrepreneurs, startup founders, and investors to discuss ideas, trends, and opportunities around innovations, technology, and entrepreneurship development in Nigeria. The summit focuses on promoting emerging technologies, R&D, and investments for digital transformation.
Enterprise Development Centre
Enterprise Development Centre (EDC), in partnership with ProvidusBank, runs an SME program in Nigeria. The program aims to build the capacity of business owners by providing them with skills and competencies for developing long-term strategic plans to transform their businesses and drive profitability. It offers growth, leadership, and value proposition training, one-on-one business advisory, and access to a network of like-minded entrepreneurs.
Exponential Hub Partners
Exponential Hub Partners, the Innovation Technology and Entrepreneur Support arm of Simply Exponential Consult Limited, supports SMEs and startups. They offer programs like the virtual "Ace Your Pitch" meetup, aimed at helping participants learn the basics of raising funding and improving their investment pitching skills.
FATE Foundation
FATE Foundation supports early-stage startups in Africa. They focus on providing resources and training to entrepreneurs whose businesses are solving problems or transforming society positively. The foundation offers classes on entrepreneurship orientation and business management.
FBNQuest Funds
FBNQuest Funds invests in African tech companies. Based in Nigeria, they focus on businesses involved in FMCG, logistics, haulage, and clearing and forwarding. They aim to improve existing products and develop new ones, with plans to expand operations to East Africa.
FI Venture Network
FI Venture Network provides funding opportunities to startups through its network. It focuses on startups that provide innovative solutions to challenges in the Health, Education, Agriculture, Renewable Energy and Transportation sectors.
