VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Mountain Angel Network
Venture Capital
Mountain Angel Network invests in early-stage African tech startups. They participated in the angel funding round of Bohikor, a Cameroonian fintech startup providing financial management solutions. The network focuses on supporting innovative companies with the potential for significant impact and growth within the African market.
Mountain Partners
Mountain Partners invests in early-stage African tech startups. They participated in a seed round for Momint, a South African digital assets 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.
Mountain Peak Capital
Mountain Peak Capital is an investor in African tech startups, as evidenced by their participation in the $1 million pre-seed funding round of Nigerian banking-as-a-service fintech startup, Anchor. Anchor helps developers embed and build banking products using its APIs, dashboards, and tools.
Mozilla Technology Fund
Review pending
Mstudio
Mstudio invests in early-stage African tech startups. They participated in a pre-seed round for Waribei, a fintech company based in Ivory Coast that connects entrepreneurs with financial institutions for credit financing.
Mubadala Investment Company
Mubadala Investment Company invests in various sectors, including mobility and technology. They participated in Moove's Series B funding round, supporting the company's expansion of its revenue-based vehicle financing platform across Africa. They focus on companies with innovative solutions and growth potential.
Mulago Foundation
Mulago Foundation provides seed funding and early-stage investments to social enterprises focused on addressing the needs of the very poor. They invest in ventures that offer scalable, sustainable solutions in sectors like agriculture, health, and education, with a strong emphasis on measurable impact and poverty reduction.
Muller Medien
Muller Medien is a venture capital firm that invests in African tech startups. They participated in the Series A funding round of Turaco, a Kenyan insurtech company. Turaco provides a suite of bespoke medical, life, asset, and vehicle insurance packages, covering over 500,000 people in Nigeria, Kenya, and Uganda.
MultiChoice Innovation Fund
The MultiChoice Innovation Fund provides debt financing to South African startups. One example is Michanic, a mobile car service and repair platform, which received $400,000 in debt financing from the fund.
Multiply Partners
Multiply Partners invests in early-stage African tech companies. They co-led Traction's seed round, a Nigerian platform offering payment processing, account management, and tools for SMEs, alongside Ventures Platform. Traction aims to use the funding for expansion and team growth.
Musashi Seimitsu
Musha Ventures
Musha Ventures invests in early-stage African tech companies. They participated in a seed round for HoneyCoin, a cross-border payment system, and Regfyl, a fraud detection and digital identity verification solution. They also invested in Sukhiba, a B2B conversational commerce tool.
MyAsiaVC
MyAsiaVC invests in early-stage startups in Africa and Asia. They participated in the seed round of Maplerad, a Nigerian BaaS provider offering cross-border payment solutions in fiat and cryptocurrency, indicating an interest in fintech and companies expanding financial access.
NVIDIA
NVIDIA invests in companies that operate Africa’s largest integrated digital infrastructure network. They focus on connectivity, cloud, cybersecurity, and AI infrastructure solutions across more than 20 African markets. NVIDIA partners with companies to deploy GPUs across South Africa, Egypt, Nigeria, Kenya, and Morocco to expand local AI training capacity and reduce reliance on overseas computing resources. They aim to strengthen Africa’s AI ecosystem through workforce development, local partnerships.
NW Tech Capital
NYCA Partners
Nairobi Business Angel Network
Nairobi Business Angel Network (NBAN) invests in early-stage African tech startups. They participated in a pre-seed round for Zydii, a Kenyan edtech startup offering an employee training platform with digital courses tailored for Africa. Zydii plans to strengthen its presence in Kenya and expand to Nigeria and South Africa.
Nairobi Business Angels Network
Nairobi Business Angels Network invests in early-stage companies in Kenya. They participated in a seed round for Zeraki, an edtech startup focused on improving education quality through technology. Zeraki plans to use the funding to expand its product offerings and grow its presence in East Africa.
Nama ventures
Nama Ventures is an early-stage venture capital firm that invests in startups across Africa. They focus on pre-seed and seed rounds, providing capital to support growth and expansion plans. Their investments span various sectors, including logistics and retail supply chains, with a focus on digitalizing industries and establishing a strong presence in the African market.
Namibia Investment Promotion and Development Board
The Namibia Investment Promotion and Development Board collaborates with Sanlam Namibia for the Sanlam Bridge Programme. This program targets young, aspiring Namibian entrepreneurs with innovative business ideas, providing seed capital, training, and mentorship to help them grow their businesses or turn their ideas into reality.
Naspers
Naspers Foundry invests in early-stage technology companies in South Africa that address societal needs and offer scalable solutions. They focus on businesses that can benefit from Naspers' global reach and expertise, contributing to the South African economy and improving people's daily lives.
Naspers Foundry
Naspers Foundry invests in early-stage technology companies based in South Africa that address societal needs. They focus on startups leveraging technology to improve the lives of South Africans and contribute to the country's economic growth. The fund seeks innovative business models with high growth potential.
National Bank of Egypt (NBE)
NBE is an investor in African tech companies. They participated in the pre-seed funding round of KNOT Technologies, a ticketing and access control platform focused on live events and large-scale venues. KNOT Technologies is building a platform that brings together ticket sales, identity checks, and access management into a single workflow.
National Investment Company (NIC)
National Investment Company (NIC) participated in the Series B round of MoneyFellows, an Egypt-based fintech platform that digitizes money circles. Money Fellows will use the funds to accelerate its growth, expand its product offerings across the B2C and B2B segments, and expand across Africa and Asia.
Nclude
Nclude is a venture capital firm that invests in early-stage fintech startups in North Africa and the Middle East. They focus on companies revolutionizing e-commerce growth, digital lending, and B2B marketplaces, particularly those addressing supply chain challenges and enabling financial inclusion. Nclude often co-invests with other VCs.
Near East Foundation
The Near East Foundation invests in early-stage companies, as shown by their pre-seed investment in Washminute, a Moroccan cleantech startup. They focus on companies that address critical needs and contribute to sustainable development, particularly in regions facing challenges like water scarcity. Their investment in Washminute highlights their interest in supporting innovative solutions that have a positive environmental and social impact.
NedBank CIB
Nedbank CIB invests in companies that are developing innovative solutions in various sectors. They focus on companies that have the potential to generate significant returns and contribute to the economic development of South Africa and the broader African continent. They provide funding and support to help these companies scale and achieve their goals.
Nedbank
Nedbank invests in African tech startups, as evidenced by their participation in Kuunda's $7.5 million pre-Series A round. Kuunda operates an API-driven embedded finance platform providing working capital to partners across e-commerce, point-of-sale, and mobile money ecosystems. Nedbank also invested in Omniscient, Africa’s first provider of privacy-protecting data collaboration platforms.
Negma Ventures
Negma Ventures is a venture capital firm that led Elevate's $5 million pre-Series A funding round. Elevate, formerly known as Bloom, is a banking service provider facilitating cross-border banking for international workers, offering US-based banking services to non-US residents in Africa, South America, and the Middle East.
Neo
Neo led a $2 million seed funding round for Kibo School, an online university for students in Sub-Saharan Africa who want to solve problems with technology. They also participated in a $2 million seed round for XENO, a Ugandan investment startup.
NeoVision Ventures
NeoVision Ventures is not explicitly mentioned in the provided articles. Therefore, I cannot provide information on its HQ country, fund size, or investment thesis based on the given context. The articles discuss various funding rounds in African tech startups across different sectors like fintech, proptech, healthtech, e-commerce, and blockchain.
Nestcoin
Netcare
New GX Ventures SA
New GX Ventures SA invests in early-stage startups in Southern Africa, with a focus on technology and innovation. They seek to support companies that are creating solutions for technological and economic advancement across Africa, particularly in sectors like healthtech and AI-driven solutions. They aim to help companies expand their product suites and scale their platforms beyond South Africa.
New Markets Venture Partners
New Markets Venture Partners invests in early and growth-stage companies across various sectors. They focus on businesses that address critical social and environmental challenges while generating financial returns. The firm supports companies with innovative solutions and scalable business models, often emphasizing technology-driven approaches to improve efficiency and access in underserved markets.
NewSpace Capital
NewSpace Capital invests in space-related companies, including those in the small satellite industry. They focus on developing product ranges, increasing production capacity, and accelerating on-board processing capabilities for their portfolio companies.
Newfund
Newmont
Newmont invests in African tech startups. They participated in a pre-seed funding round for a Nigerian car insurance startup. No specific details on fund size, stage, or sector focus are provided in the context.
Newton Partners
Newton Partners invests in African tech companies. They participated in Complete Farmer's Pre-Series A funding round, which included debt and equity financing. The company focuses on digital marketplaces connecting African producers to global consumers.
Newtown Partners
Newtown Partners is a venture capital firm that invests in early-stage African tech companies. They focus on sectors such as health tech and fintech. They participated in funding rounds for MDaaS, a Nigerian health tech company, and Chefaa, an Egyptian e-pharmacy platform. They also invested in Waspito, a Cameroonian digital health platform.
Nexo
Nexo invests in crypto-related ventures. They participated in a $23 million seed round for MARA, a Pan-African crypto exchange platform. No specific details on fund size, stage, or geographic focus are provided beyond their investment in a Pan-African company.
Next Billion Ventures
Next Billion Ventures invests in early-stage startups in Africa. They participated in a seed round for TopUp Mama, a Kenya-based platform that helps restaurants restock and manage their operations. The firm focuses on ventures that address critical needs and opportunities in emerging markets, particularly those leveraging technology to improve access and efficiency.
Next Chymia
Next Chymia participated in a $1.2 million seed funding round for Qwili, a South African startup focused on digital inclusion by removing barriers to smartphone and mobile internet access for sellers of digital services in Sub-Saharan Africa.
Next176
Next176 invests in early-stage African tech startups, particularly those focused on solving critical problems and creating significant impact. They support ventures leveraging technology to improve operations, sustainability, and access to essential services. The firm focuses on ventures that improve job access and creation.
Niche Capital
Niche Capital invests in early-stage African tech startups, with a focus on seed funding. They participated in seed rounds for HouseAfrica, a Nigerian proptech startup, and SmallSmall, another Nigerian proptech company. They also invested in Anchor, a Nigerian banking-as-a-service fintech startup, during its pre-seed round.
Nigeria Sovereign Investment Authority
The Nigeria Sovereign Investment Authority (NSIA) bolsters innovation in Nigeria’s digital ecosystem and supports homegrown solutions that can drive socio-economic development. NPI is designed to encourage and support ingenuity within the digital ecosystem and fund early-stage, growth-driven solutions, with the aim of driving transformative economic growth, enhancing the nation’s productive capacity, and creating jobs.
Nimba Fund
Nimba Fund is an active venture investor in the African tech space. They focus on supporting early- and growth-stage startups across various sectors, contributing to the continent's innovation landscape and capital flows.
Ninety One
Ninety One is an active venture investor in African tech, backing platforms building long-term relevance across African markets. They invest in sectors such as fintech, scientific infrastructure, mobility, and enterprise software, supporting companies that address infrastructure gaps and improve access to services across emerging markets.
