VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
The 4Di Capital
Venture Capital
4Di Capital is a South African venture capital firm that invests in early-stage technology companies. They participated in a $4 million seed round for Talk360. They focus on innovative startups with high growth potential, often co-investing with other angel investors and VCs.
The African Development Bank
The African Development Bank is a DFI that invests in African tech startups. The provided articles do not offer specific details on their investment thesis, preferred sectors, stage, geography, or typical check size.
The Alexandria Angels
The Alexandria Angels is an angel investment group that participated in a seed funding round for CardoO, an Egyptian manufacturer of IoT devices. They co-led the round with Sofico Investments, angel investors from Saudi Arabia, and the European Bank for Reconstruction and Development (EBRD).
The Algerian Startup Fund (ASF)
Review pending
The Arab Energy Fund (TAEF)
The Arab Energy Fund (TAEF) invests in companies involved in renewable feedstocks for biofuel and sustainable aviation fuel production. They support companies that collect, process, and certify renewable resources, utilizing AI-driven logistics and digital traceability to ensure a reliable supply for refineries and sustainable energy producers. They focus on expanding regional reach and strengthening supply chains.
The Baobab Network
The Baobab Network is an accelerator that invests in early-stage African tech startups. They provide strategic mentorship and other opportunities to help startups scale and position themselves in the ecosystem. They invest in startups across various sectors, including digital identity, fintech, and logistics.
The Business Angels Network of Côte d’Ivoire
The Business Angels Network of Côte d’Ivoire (CIBAN) invests in early-stage startups. One example is their investment in Twende, a mobility startup based in Côte d’Ivoire, providing transportation solutions for employees. CIBAN's investment enables Twende to expand operations and enhance services in the mobility sector.
The Cairo Angels Syndicate Fund
The Cairo Angels Syndicate Fund (CASF) invests in early-stage startups in Africa. They provide funding to companies across various sectors, with a focus on supporting innovative solutions and scalable business models. Their investments range from pre-seed to Series A rounds, with a preference for startups demonstrating strong growth potential and a clear path to profitability.
The Case for Her
The Case for Her is a women's health investment fund based in Sweden. They invest in startups focused on sexual and reproductive health, aiming to expand their reach and enhance their product offerings to make a positive impact on women’s health, particularly in emerging markets like Ethiopia.
The Delta
The Delta is an international venture builder that invests in early-stage startups, as evidenced by their investment in Digsconnect.com, a South African startup in the shared housing sector. Further details on their specific investment focus, stage, and typical check size are not provided in the article.
The European Investment Bank (EIB)
The European Investment Bank (EIB) invests in various sectors, including renewable energy and infrastructure, with a focus on supporting projects that contribute to sustainable development and economic growth. They provide funding through loans, guarantees, and equity investments, often in collaboration with other financial institutions and development partners. They support electrification projects in Africa.
The Fund
The Fund invests in early-stage companies, as seen in their participation in Revio's $1.1 million seed round. Revio is a South African API payment and collections startup that helps businesses recover lost transactions to boost revenue and improve cash flow. The Fund's investment aligns with addressing payment failure issues in parts of Africa.
The Gates Foundation
The Gates Foundation invests in African tech companies, as shown by their investment in SeamlessHR, a cloud-based HR and payroll software solution provider. The company's digital infrastructure is designed to streamline HR processes, including recruitment, performance management, and employee data management, for businesses across Africa. The investment will enable SeamlessHR to accelerate product development, enhance customer support services, and expand into new African markets.
The Hollard Group
The Hollard Group invests in insurtech startups. In this instance, they invested in Simply Financial Services, an insurtech company providing direct life, disability, and funeral insurance for individuals and domestic workers. The investment will be used to develop proprietary technology and improve insurance capabilities.
The Latest Ventures
The Latest Ventures invests in African tech startups. They participated in Moove's $100 million Series B funding round, a mobility fintech company providing alternative credit-scoring technology embedded in ride-hailing and e-logistics platforms. Moove plans to use the capital to expand its revenue-based vehicle financing platform to 16 new markets by the end of 2025.
The MBA Fund
The MBA Fund invests in early-stage African tech startups. They participated in Jetstream Africa's $13 million pre-Series A round, which will enable the company to broaden its reach and improve its service offerings in logistics and financing.
The National Bank of Egypt
The National Bank of Egypt is an active investor in the Egyptian tech ecosystem. They invest in startups across various sectors, with a focus on early-stage companies. Their investment in Brotinni, an Egyptian foodtech startup, demonstrates their interest in supporting local innovation and growth.
The Oak Capital
The Oak Capital invests in early-stage African tech startups. They participated in a pre-seed funding round for a Nigerian startup that enables financial institutions and merchants to embed credit into various ecosystems.
The Oman Technology Fund
The Oman Technology Fund (OTF) invests in early-stage startups. They provided $50,000 to Shape, a Tunisian edtech startup offering a SaaS platform for continuous learning and training. OTF's investment supports Shape's platform, which allows professionals to create personalized training plans aligned with their career goals.
The Oxford Seed Fund
The Raba Partnership
The Raba Partnership invests in B2B startups, as evidenced by their investment in Swypex, an Egyptian B2B fintech platform providing financial management services. They co-invest alongside other VCs like Accel and Foundation Ventures, focusing on early-stage companies, specifically participating in Swypex's $4 million seed round.
The Shapiro Foundation
The University of Tokyo Edge Capital Partners (UTEC)
The University of Tokyo Edge Capital Partners (UTEC) led a $5 million seed funding round for Peach Cars, a Kenyan automotive marketplace. Peach Cars aims to democratize car ownership in sub-Saharan Africa by providing a trusted platform for buying and selling used cars. The funds will be used for talent recruitment, R&D, and technological development.
The Untours Foundation
The Untours Foundation invests in early-stage companies with a focus on environmental and social impact. They support businesses that are committed to sustainability and creating positive change in their communities. They look for ventures that align with their mission of promoting responsible travel and tourism.
The Venture Catalysts
The Venture Catalysts invests in early-stage startups, as evidenced by their participation in the $2.1 million pre-seed funding round for Badili, a Kenyan smartphone recommerce startup. They focus on supporting startups in Africa, as demonstrated by their investment in Badili, which operates in Kenya, Uganda, and Tanzania.
The Visa Foundation
The Visa Foundation supports initiatives focused on fostering gender equality and inclusive economic growth through enterprise development training, mentorship, peer-to-peer learning, and providing access to finance. They provide funding to programs like the RevUp Women Initiative, which offers early-stage women-led businesses in Africa with training, mentorship, and grants.
The Wangara Green Ventures
The World We Want
The World We Want invests in companies that are building a more sustainable and equitable future. They focus on businesses that address critical social and environmental challenges, particularly in emerging markets. They invested in Roam, an electric vehicle manufacturer in Kenya.
Thin Air Labs
Third Prime
Third Prime invests in early-stage companies. They participated in the seed round of Remedial Health, a Nigerian startup providing digital procurement and PMR platforms for healthcare providers, enabling them to source pharmaceutical products and access finance.
Third Sphere
Third Sphere invests in companies providing affordable, reliable, and clean energy solutions. Plentify, a South African company using smart tech to provide such solutions, received investment from Third Sphere to fuel its expansion within South Africa and in international markets.
Thrive Africa Syndicate
Thrive Capital
Tiger Global
Tiger Global is a global investment firm that invests in internet, software, consumer, and financial technology businesses. They invest in companies from seed to late-stage, and have been known to lead or co-lead funding rounds in African startups, particularly in the B2B e-commerce and fintech sectors.
Timechain
Timon Capital
Timon Capital invests in early-stage African tech companies, with a focus on digitizing traditional sectors. They led a $15 million pre-Series A round for Omnibiz, a B2B e-commerce platform in Nigeria. They also invest in sectors such as e-commerce and B2B platforms.
Titan Seed Fund
Titan Seed Fund invests in early-stage African tech startups. They participated in a $9 million seed round for Thunder Code, an AI-solutions startup transforming software testing through automation. The fund focuses on supporting companies that are scaling operations and growing their presence across the continent.
Tofino Capital
Tom Preston-Werner
Tom Preston-Werner invests in early-stage startups. He recently participated in a seed round for MoneyHash, an Egyptian company that provides a suite of products to enable businesses incorporate multiple payment processors and methods, optimize payment workflows, mitigate fraud, streamline reconciliation procedures, and efficiently manage diverse payment requirements.
Tony Elumelu Foundation
The Tony Elumelu Foundation Entrepreneurship Programme is open to Africans from all 54 African countries with scalable business ideas or a business that has been operational for no more than 5 years. It provides $5,000 in non-refundable seed funding, 12-week business training, mentoring, and networking opportunities.
Toyota Tsusho
Toyota Tsusho invested in Verod-Kepple Africa Ventures (VKAV), which is managed by Verod-Kepple Africa Partners (VKAP). No specific investment thesis, sectors, stage, geography, or typical check size were mentioned in the provided text.
Toyota Ventures
Toyota Ventures invests in Zeno, an electric vehicle manufacturer in East Africa. Zeno designs, manufactures, finances, and distributes electric vehicles, providing reliable electric mobility to the general public. The investment will enable Zeno to mass-produce affordable electric motobikes and offer them for sale or rent in Ethiopia, Rwanda, and Kenya.
Trade Access Sub-Fund
Trammell Venture Partners
Transcend Network
Transcend Network invests in early-stage startups, including those in the African tech ecosystem. They participated in the seed funding round of Kibo School, an online university focused on solving problems with technology in Sub-Saharan Africa.
Triatlum Advisors
Triatlum Advisors invests in African tech companies. They participated in Moove's $100 million Series B funding round, a mobility fintech company that provides alternative credit-scoring technology embedded in ride-hailing and e-logistics platforms.
Tribe Capital
Tribe Capital is an investor that participated in the seed round of Duplo, a Nigerian B2B payment startup. Duplo provides an end-to-end solution for finance teams, automating back-office processes such as generating and processing invoices, receiving and approving bills, collecting and disbursing funds, and completing account reconciliation. The company would be leveraging the fund to launch new products and expand into new verticals in Nigeria.
Trind VC
Trind VC is an active participant in the EMEA region, as evidenced by their involvement in the Freshworks for Startups VC Connect event. While the specific focus on African tech is not detailed, their presence in events targeting the EMEA region suggests an openness to opportunities within the African startup ecosystem. Further details on their specific investment criteria would be needed to fully assess their thesis.
