VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
AXIAN Investment
Venture Capital
Review pending
AYADY
AYADY invests in early-stage fintech companies in Egypt. They participated in a funding round for El Gameya, a fintech company digitizing traditional money savings practices in Egypt, indicating a focus on innovative financial solutions and potential regional expansion.
Abdul Latif Jameel
Abdul Latif Jameel invests in companies like Thndr, a fintech company operating a digital investment platform designed to democratize and simplify access to stock investments in the MENA region. They focus on enabling African investors to easily set up investor profiles and access tools/resources to make informed investments.
Absa Bank
Absa Bank is involved in funding rounds for African tech startups, particularly in the agri-tech and off-grid solar energy sectors. They participate in deals alongside other investors, including venture capital firms and development finance institutions. Their investments support companies in expanding their operations, enhancing their technology, and reaching underserved populations.
Absa Corporate and Investment Banking (CIB)
Absa Corporate and Investment Banking (CIB) invests in African tech startups across various stages, as evidenced by their participation in funding rounds. They focus on supporting companies in sectors such as renewable energy and gaming, contributing to the growth and development of the African startup ecosystem.
Acacia Ventures
Acacia Ventures invests in early-stage African tech startups. They focus on companies that streamline website creation, customer engagement, and online advertising for businesses. They participated in the undisclosed funding round of Tappi, a Kenyan SaaS platform.
Acadian Ventures
Acadian Ventures invests in early-stage companies, including those in the HR-tech space, with a focus on SaaS solutions. They participated in the Series A and pre-Series A funding rounds of Workpay, a Kenyan HR-tech startup, indicating an interest in the African market.
Acasia Ventures
Acasia Ventures invests in early-stage startups in Africa and the MENA region. They focus on companies leveraging technology to solve key challenges in sectors like fintech and HR tech. They look for startups with the potential for regional expansion and transformative impact in underserved industries.
Accel
Accel is a venture capital firm that invests in companies across various stages and sectors. They participated in a Series F funding round for Zepz, a financial services infrastructure provider, to support its expansion across African markets and beyond. They also invested in Swypex, an Egyptian B2B fintech platform offering financial management services.
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.
Accion Ventures
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.
Acrew Capital
Actera
Actera invests in B2B e-commerce, EdTech, and AI-driven analytics companies. They focus on startups that provide solutions for supply chain management, education, and data-driven decision-making. The firm supports companies aiming to expand their market reach and improve operational efficiency through technology.
Active Impact
Active Impact invests in companies that are focused on creating a more sustainable and equitable world. They invest in early-stage companies across a variety of sectors, including climate tech, sustainable agriculture, and circular economy. They participated in the seed round of Zeno, an EV manufacturer in East Africa.
Acumen
Acumen invests in off-grid solar system distributors and clean energy solutions providers through its Hardest-to-Reach (H2R) initiative. They focus on improving access to solar energy and supporting local economic growth in underserved populations in Africa. The initiative aims to provide energy access and reduce CO2 emissions.
Acumen Resilient Agriculture Fund (ARAF)
Acumen Resilient Agriculture Fund (ARAF) invests in agricultural businesses that improve the livelihoods of smallholder farmers and build climate resilience in Africa. They focus on companies providing inputs, technology, and market access solutions to enhance productivity and sustainability. ARAF typically invests in early to growth-stage companies.
Ada Ventures
Ada Ventures invests in early-stage companies, specifically pre-seed and seed rounds, with a focus on underrepresented founders and overlooked markets. They look for ventures with the potential for significant social and economic impact. They participated in the pre-seed round of a Nigerian luxury e-commerce startup.
Adamantium Fund
Adansonia Fund Manager
Adansonia Fund Manager is an active venture investor in African tech. They invest in startups across various sectors and stages, contributing to the growth of the African tech ecosystem. They participated in the seed round of Uncover Skincare, a Kenya-based skincare startup.
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.
Addition
Addition is a venture capital firm that participated in a $6 million seed round for Flash, an Egyptian payment application providing cashless solutions for consumers and businesses through scan-and-pay. The funding will be used to accelerate Flash’s product development and customer and business acquisition in Egypt.
Adenia Partners
Adenia Partners expands its insurance footprint in Africa. They invest in companies building financial access, clean energy, and enterprise software. They focus on modernizing biomedical and imaging equipment, expanding mobile care, and upgrading technical and logistics facilities. They also support wider partnerships with private clinics and help companies scale capacity for corporate occupational health and household services.
Aditum Ventures
Adiwale Fund I
Adiwale Fund I invests in companies like Enko Education, a network of African international schools dedicated to increasing access to high-quality education. Enko Education has 16 schools across 10 countries offering globally recognized programs to prepare students for admission into the world’s leading universities.
Admaius Capital Partners
Admaius Capital Partners is a private equity firm that led MFS Africa's $100 million Series C funding round. The firm focuses on investments in established companies across various sectors in Africa, providing growth capital and strategic support to help them scale and expand their operations.
Advance Global Capital
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.
Advantedge
Advantedge invests in early-stage companies, as evidenced by their participation in Zeno's $9.5 million seed round. Zeno, founded in 2022, designs, manufactures, finances, and distributes electric vehicles, aiming to provide affordable electric mobility in East Africa, specifically targeting Ethiopia, Rwanda, and Kenya.
AfDB
AfDB provides investment and debt support to African startup companies. They are active in the investment space, contributing to funding rounds alongside VCs, angel investors, and corporate venture capital arms. They focus on supporting startups across the African continent, aiming to foster growth and resilience in the ecosystem.
Afore Capital
Afore Capital is an early-stage venture capital firm that invests in companies building technology to automate and augment knowledge work. They focus on pre-seed and seed-stage investments, partnering with founders at the earliest stages of company building. They participated in the Series A round of JABU, a Namibian B2B e-commerce startup.
AfriLabs
AfriLabs is an organization mentioned in the context of a funding recap for the African tech and startup ecosystem. While not directly investing, they are a prominent network of tech and innovation hubs across Africa, supporting startups through resources, mentorship, and networking opportunities. They do not directly invest, but rather support the ecosystem.
AfriMobility
AfriMobility is a venture capital fund based in Morocco. They invest in early-stage startups, particularly in the mobility and logistics sectors. They focus on companies that are leveraging technology to improve transportation and delivery services. They invested in Cathedis and CloudFret.
AfricInvest
AfricInvest is an investment firm that backs companies like PayTic and Nawah Scientific. They invest in sectors such as fintech and deep tech, supporting companies across Africa and the Middle East. Their investments focus on growth capital and expansion, enabling companies to scale their operations and expand geographically.
AfricInvest FIVE
AfricInvest FIVE participated in a $100 million Series C round for MFS Africa, a digital payments company. The round was led by Admaius Capital Partners, with participation from other investors. AfricInvest FIVE invests in established African companies.
AfricInvest’s Maghreb Private Equity Fund IV
Africa Fintech Collective
Africa Go Green Fund
Africa Go Green Fund invests in companies that develop electric vehicles and electric vehicle fueling solutions, including electric bikes, cars and battery swap stations. They provided debt and equity funding to Ampersand to expedite product development, ramp up battery production, expand swap stations, and accelerate R&D on battery tech.
Africa Health Ventures
Africa Health Ventures invests in early-stage healthcare companies in Africa. They focus on ventures that improve access to healthcare, enhance the quality of services, and reduce costs through innovative solutions. They participated in a pre-seed round for Intron Health, a Nigerian AI startup.
Africa Mobility Forum
The Africa Mobility Forum supports innovative projects addressing mobility challenges in Africa related to environmental loss and damage, climate awareness and literacy, ecosystem restoration, and green solutions. It targets youth-led initiatives and startups with sustainable and scalable solutions.
Africa Platform Capital
Africa Platform Capital is an active venture investor in the African tech space. While specific details on 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 like Bumpa.
Africa Re
Africa Re invests in health tech startups in East Africa. They focus on companies that improve access to healthcare services through digital platforms, telemedicine, and innovative financing models. These startups aim to address challenges such as limited access to quality medication, healthcare disparities, and affordability of medical products.
AfricaGrow
AfricaGrow is a development finance institution that invests in venture capital funds across Africa. They back funds that support early and growth-stage startups, contributing to the development of the venture capital ecosystem and providing capital to underserved markets. They aim to empower African entrepreneurs building tech-driven solutions.
African Business Angel Network (ABAN)
African Business Angel Network (ABAN) is an angel investor that provides mentorship alongside capital to startups at early stages. They focus on startups with high growth potential in exchange for equity, usually investing in later stages and focusing on scalability. They may also be impact investors, focusing on startups that create social, environmental, or economic impact while delivering financial returns.
African Development Bank
The African Development Bank (AfDB) is a development finance institution that funds startups addressing pressing societal issues. It supports sectors critical to Africa’s sustainable development, including climate resilience, energy access, food systems, internet connectivity, and financial inclusion. The bank participates in seed and series A investments, aiming to expand its portfolio with solutions aligning with its goals.
African Development Fund
The Luxembourg Development Agency, under the name develoPPP Ventures, invests in early-stage companies in Africa. They focus on sectors like fintech, scientific infrastructure, mobility, and enterprise software. Their investments aim to support platforms that are building long-term relevance across African markets, with a focus on addressing infrastructure gaps and supporting financial inclusion.
African Diaspora Network
Focuses on mobility, clean energy, and fintech sectors within the African startup ecosystem. Invests in scalable, climate-aligned, and digitally enabled startups, as demonstrated by participation in funding rounds for companies like Anda, Sawa Energy, and nextProtein.
African Export-Import Bank
African Export-Import Bank (Afreximbank) supports the African Continental Free Trade Agreement (AfCFTA) by facilitating trade and investment information exchange. They aim to empower startups across Africa, providing them with resources and networks to explore business prospects within the continent, fostering innovation, economic growth, and entrepreneurial excellence.
