VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
FSI
Venture Capital
FSI is an impact investment fund for the Middle East and North Africa. They participated in the $12 million Series A funding round of Cartona, an Egyptian B2B e-commerce marketplace that connects buyers and sellers along the supply chain.
Fabric Ventures
Fabric Ventures invests in companies building the open economy. They focus on decentralized technologies and networks, supporting startups in the blockchain and Web3 space. The firm provides capital and expertise to help ventures scale and disrupt traditional industries.
Facility for Energy Inclusion
Facility for Energy Inclusion (FEI) provides debt financing to companies in the renewable energy sector in Africa. They support businesses that finance, install, and operate solar panel systems and provide decentralized energy solutions. FEI aims to expand the portfolio of these companies across various African countries.
Factor[e]
Factor[e] Ventures invests in startups addressing infrastructure and market inefficiencies, particularly in the energy sector. They focus on companies with clear value propositions and regional scalability, providing seed funding to scale digital tools, deploy advanced metering infrastructure, and expand operations within South Africa and the SADC region. They also support companies developing efficient precooling and cold chain technology.
Faculty Group
Review pending
Falak Angels
Falak Startups
Falak Startups is an Egyptian venture capital firm that invests in early-stage startups. They have participated in pre-seed and seed rounds, supporting companies in sectors like restaurant logistics, delivery management solutions, and subscription management. Falak Startups often co-invests with other venture firms and angel investors.
Famous Brands
Famous Brands invested in Munch Software, a South African cloud-based Point of Sale (POS) software company that digitizes payment and inventory management systems for restaurants and retailers. The investment will enable Munch Software to scale up its operations across Africa.
Far Out Ventures
Far Out Ventures invests in early-stage companies in Africa. They participated in a $3.4 million seed round for Orda, a Nigerian food tech platform that enables restaurants to manage dine-in orders and sales from other channels with limited internet access. Orda intends to expand its payments, credit, and lending solutions.
Fast Forward Fund
Fast Forward Ventures invests in early-stage startups in Africa. They participated in seed rounds for Bumpa, a Nigerian social commerce startup, and VENCO, a Nigerian proptech startup. The firm focuses on providing digital solutions for SMEs and expanding credit delivery infrastructure.
FasterCapital
FasterCapital is an accelerator that provides an alternative to venture capital for African startups, particularly those seeking smaller amounts of funding (e.g., $50,000) that VCs may not be willing to offer. They emphasize bootstrapping, customer-funded growth, and leveraging friends and family funding as viable paths for early-stage startups to raise capital.
Fawry
Fedgroup Private Capital
Fedgroup Private Capital invests in early-stage companies, as evidenced by their participation in LeaseSurance's seed round. They focus on financial technology infrastructure, specifically solutions for the rental real estate market. Their investment in LeaseSurance indicates an interest in B2B platforms that optimize portfolio performance and operating income for rental property owners.
Felix Strategic Investment
Female Founders Fund
Female Founders Fund invests in early-stage, women-led technology companies across various sectors. They focus on providing capital and support to female entrepreneurs building innovative and scalable businesses. The fund aims to address the gender gap in venture capital funding and empower female founders to succeed.
FinDev Canada
FinDev Canada is a development finance institution that invests in companies and projects in emerging markets, including Africa. They focus on sectors such as fintech, infrastructure, and enterprise software, aiming to support sustainable economic growth and development.
FinTech Collective
FinTech Collective invests in early-stage fintech companies, particularly those focused on payments, credit, and lending solutions. They invest in companies that are improving payments, credit, and lending solutions, allowing customers to extract even more value from their businesses. They invested in Orda, a Nigerian food tech platform.
Finance in Motion
Finance in Motion invests in financial institutions and other intermediaries that serve micro, small, and medium-sized enterprises (MSMEs) and low-income households in developing countries. They focus on sustainable development through investments in sectors such as renewable energy, energy efficiency, and resource efficiency. The firm provides financing and technical assistance to promote responsible and inclusive finance.
Financial Sector Deepening (FSD) Africa Investments
FSD Africa Investments invests in companies that deepen and strengthen Africa's financial markets. They support initiatives that promote inclusive finance, improve financial infrastructure, and enhance financial stability across the continent. They focus on innovative solutions and scalable models that can transform the financial sector and drive economic growth.
Finca International
Finclusion Group
Finnfund
Finnfund invests in various sectors across Africa, including health (Hewatele), agriculture (Kentegra), and renewable energy. They provide funding to companies looking to expand their operations, improve their products, and reach new markets. Finnfund often participates in larger funding rounds alongside other investors.
Fintech Fund
Fintech Fund invests in early-stage African fintech companies. They focus on startups providing innovative solutions in payments, banking-as-a-service, and cross-border transactions. The fund aims to support companies that are expanding access to financial services and driving financial inclusion across the continent.
Fireball Capital
Fireball Capital invests in early to growth-stage African tech companies. They focus on sectors like fintech, energy, and other tech-enabled solutions. The firm seeks to back innovative companies with strong growth potential and a positive impact on the African continent. They co-invested in Plentify's Series A round.
First Ally Capital
First Ally Capital is a venture capital investor focused on African tech. They acquired Migo, a Nigerian fintech company, indicating an interest in the fintech sector. No specific fund size or stage preferences are mentioned in the provided articles.
First Check Africa
First Check Africa invests in early-stage African tech startups. They participated in the pre-seed round of Jumba, a Kenyan construction tech platform, and the seed fund of TopUp Mama, a Kenya-based platform that helps restaurants restock and manage their operations. They focus on providing initial capital and support to promising ventures in the African startup ecosystem.
First Circle Capital
First Circle Capital invests in early-stage African tech startups. They focus on innovative solutions with high growth potential, particularly in fintech and other sectors driving digital transformation across the continent. They aim to support companies that address critical market needs and demonstrate strong scalability.
First Close Partners
First Close Partners invests in African tech startups. They participated in LoftyInc Capital's $43 million Alpha fund, which focuses on late seed and Series A stage companies across Africa. The fund targets health tech, retail, deep tech, and AI sectors, with a pan-African approach and a focus on East, North, and Francophone Africa.
FirstCheck Africa
FirstCheck Africa is an early-stage venture capital firm that invests in high-growth, female-led startups in Africa. They focus on providing capital and support to companies with the potential for significant impact and returns. They received a $2 million commitment from TLcom Capital, adding to their $10 million debut fund.
FirstCheck Africa Angel Program
FirstCheck Africa Angel Program invests in early-stage startups in Africa. They participated in the seed round of Bumpa, a Nigerian social commerce startup. The program focuses on providing digital solutions for African SMEs.
FirstCheckAfrica
FirstFounders
FirstFounders 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 transfer, bill payments, and crypto trading.
Firstminute Capital
Firstminute Capital is a venture capital firm that invests in early-stage startups. They participated in seed rounds for Kapu, a B2C e-commerce startup in Kenya, and Uncover Skincare, a Kenya-based skincare startup. They focus on innovative solutions and outstanding achievements in the African tech ecosystem.
Five35 Ventures
Five35 Ventures invests in early-stage African tech startups. They participated in a pre-Series A seed extension round for DigsConnect, a student accommodation marketplace operating on the African continent. The firm focuses on supporting and scaling innovative businesses across various sectors within the African tech ecosystem.
Flapmax
Flapmax runs acceleration programs for African startups across various sectors, including healthtech, fintech, and agriculture. These programs provide funding opportunities, mentorship, workshops, access to networks, and global visibility to support startups in their growth and scaling stages. They focus on startups demonstrating recurring revenue, a strong team, and a sound governance structure.
Flat6Labs
Flat6Labs is a venture capital firm and accelerator that invests in early-stage startups across the MENA region, including Egypt and other African countries. They focus on various sectors and provide seed funding, mentorship, and resources to help startups grow. They often co-invest with other firms.
Flatworld Partners
Flatworld Partners invests in companies like Helium Health. They participated in Helium Health's $30 million Series B funding round, which will be used to grow the company's software tools and financing solutions, with a specific emphasis on HeliumCredit, the fintech offering of the startup.
Fledge Capital
Fledge Capital invests in early-stage companies across various sectors. They focus on ventures that demonstrate potential for high growth and impact. The firm provides not only capital but also mentorship and access to a network of resources to help startups scale and succeed.
Flexcap Ventures
Flexport
Flexport is a logistics company that also invests in startups in the logistics and supply chain space. They invest in seed rounds in African startups that are building solutions for import/export, freight forwarding, and other logistics challenges. They also invest in B2B digital freight forwarding platforms.
Flori Ventures
Flourish Ventures
Flourish Ventures is actively investing in the fintech and mobility sectors in Africa. They participated in HoneyCoin's $4.9 million seed round, MoneyHash's $5.2 million round, and ToumAI’s $1 million pre-seed funding round. Additionally, their subsidiary, Madica, invested $200,000 in each of three startups: Medikea (health-tech), Motherbeing (reproductive health), and Pixii Motors (clean mobility).
Fluent Ventures
Fluent Ventures invests in early-stage startups, with a focus on sectors like fintech, logistics, and e-commerce. They provide funding and support to help startups scale their operations and expand into new markets, particularly in Africa. They look for innovative solutions that address specific challenges in emerging markets.
Flutterwave
Flutterwave is a fintech company that invests in and supports other fintech startups in Africa. They focus on driving innovation and financial inclusion on the continent by providing funding and resources to promising digital payment solutions.
Fondation Botnar
Fondation Botnar invests in early-stage ventures, specifically pre-Series A, with a focus on HR-tech and related sectors. They provide tools for salary payments, tax filing, and employee benefits management across Africa. The firm aims to expand services to numerous African countries, supporting ventures that enable employers to track employee time, attendance, and leave days.
FoodLabs
FoodLabs invests in food distribution platforms. They focus on sourcing fresh food from farmers and distributing it to resellers. The investment will enable the startup to improve its food supply operations, grow its staff, improve its technology infrastructure, and expand its operations in Morocco’s major cities.
Foras Investment
Foras Investment, through the 0107 Invest initiative, focuses on early-stage investments in Egyptian software and education companies. They target businesses with practical solutions and potential for regional expansion, such as digital operational tools for fitness and nutrition or entrepreneurship education for teens. The firm aims to support companies that improve operational efficiency, client retention, and skills development.
Forgepoint Capital
Forgepoint Capital is a venture capital firm that invests in cybersecurity companies. While the article mentions their participation in a Series B funding round for Instabug, an Egyptian startup, Forgepoint's primary focus is not explicitly stated to be African tech. However, this investment indicates an interest in the region.
