VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Benchstrength
Venture Capital
Benchstrength invests in early-stage companies. They participated in a seed round for Folklore, a B2B e-commerce platform connecting African fashion designers with global markets, which also manages Folklore Capital, offering credit facilities to brands.
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.
Better Tomorrow Ventures
Better Tomorrow Ventures invests in early-stage companies, including seed rounds, as seen in their investment in Cadana, a payroll solutions provider for emerging markets. They focus on companies revolutionizing remittances for African professionals working locally and internationally.
Beyond Capital Ventures
Review pending
BeyondNetZero
BeyondNetZero invests in companies that are focused on climate solutions. They participated in the Series D round of Sun King, a Kenyan off-grid solar energy company that sells, installs, and finances solar home systems for off-grid and under-electrified consumers in Africa and Asia.
Bezos Earth Fund
Bezos Earth Fund invests in companies and technologies that contribute to the fight against climate change and protect the environment. They focus on supporting innovative solutions and scaling proven approaches to address critical environmental challenges.
Bill & Melinda Gates Foundation
The Bill & Melinda Gates Foundation invests in initiatives aimed at augmenting the value, adoption, and long-term sustainability of localized weather forecasts and historical climate data sets designed to empower the Small-Scale Producer (SSP) ecosystem in Africa. They also support healthcare development in Africa.
BioNTech SE
BioNTech SE is a German biotechnology company known for its work in developing immunotherapies and vaccines. Their investment activity in African tech is highlighted by the acquisition of Tunisian AI startup InstaDeep, indicating an interest in AI and technology companies within the African ecosystem.
BioProtection SA
I am sorry, but I cannot provide information about BioProtection SA, as the provided text does not mention this investor. The provided text discusses funding rounds for Ades, Kuunda, and Chari, and lists the investors involved in those rounds.
Bisk Ventures
Bisk Ventures is an active investor in the African tech ecosystem. They participate in funding rounds for startups across the continent. Specific details regarding their investment focus, stage preferences, or typical check sizes are not provided in the given articles.
Bitget
Black Pearl Investments
Black Pearl Investments invests in early-stage companies in Africa. They participated in a Pre-Series A debt and equity funding round for Ilara Health, a medical products and solutions provider distributing diagnostics devices to healthcare professionals in rural areas of Africa.
Black Tech Nation Ventures
Black Tech Nation Ventures invests in early-stage tech companies. The firm participated in a seed round for Folklore, a B2B e-commerce platform connecting African fashion designers with global markets, providing them access to credit facilities.
BlackRock
BlackRock is a global investment management corporation that invests across asset classes and industries. While not explicitly focused on African tech in the provided articles, their investment in Global Infrastructure Partners and the appointment of Adebayo Ogunlesi to OpenAI's board suggest an interest in infrastructure and technology with global reach. They do not have a specific African tech thesis.
Blackwood
Blackwood invests in early-stage African tech startups. They participated in a Pre-Series A round for Kapu, a B2C e-commerce startup operating a digital platform designed to give consumers easier access to essential goods in Kenya. Kapu plans to scale its operations, enhance its technology infrastructure, and expand its reach to more regions within Kenya.
Blink CV
Blink CV invests in early-stage startups across various sectors, including fintech, e-commerce, and healthcare. They focus on companies in Africa and the Middle East and North Africa (MENA) region, providing seed and pre-series A funding to support growth and expansion.
Block
Block is an active venture investor in African tech, with a focus on early-stage startups. They have participated in seed funding rounds for companies in various sectors, including construction tech, social commerce, electric vehicles, insurtech, and B2B supply chain and logistics. Their investments span across East African countries like Kenya, as well as Nigeria and Egypt.
BlockTower
BlockTower invests in blockchain-based fintech startups in emerging markets. They participated in a seed round for Jia, a company providing loans to micro and small businesses in Kenya and the Philippines. Jia uses tokens redeemable based on profits, packaged as Jia points, to incentivize repayment and offer benefits to borrowers.
Blockchain Founders Fund
Blockchain Founders Fund invests in early-stage blockchain and Web3 startups across various sectors. They focus on companies building decentralized solutions and applications, often participating in seed rounds. The fund aims to support innovative projects leveraging blockchain technology to disrupt traditional industries and create new opportunities in the digital economy.
Blu Sky Investments
Blue Earth Capital
Blue Earth Capital invests in companies that provide storage solutions. They participated in Koolboks' $2.5 million seed funding round. Koolboks is an African-focused startup that provides a storage technique due to the superior insulation and ice battery technology employed in the design.
Blue Point Capital Partners
Curacel, a Nigerian insurtech startup, secured $3 million in a seed round led by Tencent, AAF Management, Elefund, Blue Point Capital Partners, Pioneer Fund, Olive Tree Capital, Y Combinator, and other strategic investors.
BlueOrchard
BlueOrchard invests in companies that provide insurance services to protect smallholder farms worldwide. They utilize digital technology to help improve agricultural practices, help producers earn more income, and protect farmers from risks associated with floods, droughts, and other climate-related events. They invest across Africa, Asia, and Latin America.
BlueOrchard Finance Ltd
BlueOrchard Finance Ltd invests in financial services and solutions companies, particularly those providing digital financial products to individuals and MSMEs. They focus on expanding services and customer base, aiming to scale operations and deepen impact. The investment supports companies in achieving goals such as increasing disbursements and expanding reach.
Bokra
Bokra is a venture capital firm that has invested in Career 180, an Egyptian edtech company focused on career upskilling and job placement. Career 180 operates a learning management system and partners with companies to integrate skills training with job opportunities.
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.
Bolt
Bolt invests in companies that support ride-hailing services. They focus on enabling individuals and ride-hailing operators by helping them obtain vehicles for business use. They are a partner to Bolt Lite in South Africa, supporting low-cost ride-hailing operations across the country.
Bolt by QED
Bolt by QED invests in early-stage companies, as evidenced by their participation in the $3.6 million seed round of FlapKap, an Egypt-based e-commerce financing platform. The firm focuses on leveraging AI-based insights and financial data analytics to support the growth of online stores, providing inventory funding and expanding their capacity in the MENA region, including Saudi Arabia, the United Arab Emirates, and Egypt.
Bonfire Ventures
Bonfire Ventures is a venture capital firm that led a $4 million seed round in Rwazi, a Mauritius-based market intelligence startup. Rwazi collects data through an app, working with on-the-ground consumers who are compensated for sharing information about the products they purchase. This data is useful for global brands that use Rwazi’s customer dashboard to gain actionable insights.
Boost Africa
Boost Africa is a pan-African investor focused on gender-equal investments. They recently completed the first close of their €60 million fund. The fund invests in startups operating in Nigeria, Egypt, and Kenya.
Boost VC
Boost VC invests in early-stage startups, including those in the healthtech sector in Africa. They participated in a pre-Series A funding round for TIBU Health, a Kenyan healthtech startup. The firm focuses on companies leveraging technology and innovative solutions.
Boro Capital
Boston Consulting Group
Boston Consulting Group (BCG) is showing interest in companies offering financial inclusion and digital infrastructure services, with a focus on long-term, scalable impact across Africa. They are investing in climate-aligned ventures, particularly in the clean energy, climate tech, and mobility sectors.
Box Group
Bpifrance
Brakeman Family Trust
Breakthrough Energy Ventures
Breakthrough Energy Ventures invests in companies working on innovative technologies to reduce greenhouse gas emissions. They focus on sectors like energy, agriculture, transportation, manufacturing, and buildings. The fund supports companies from early-stage to growth-stage, providing capital and resources to scale impactful climate solutions.
Breega
Breega is a French venture capital firm that has launched its first Africa-focused fund, Africa Seed 1. They are opening offices in Lagos and Cape Town. The fund focuses on startups operating in Africa, outside of Europe. They manage over $700 million in assets across 100+ startups in 15 countries.
Breyer Capital
Bridging Angels
Bridging Angels invests in early-stage startups, as evidenced by their participation in Beekeeper Tech's $640,000 round. They co-invest with other angel investors and VCs. The firm seems to focus on the MENA region, as Beekeeper Tech is based in Tunisia and aims to expand within MENA.
Brighteye Ventures
British Council
The British Council supports creative economy projects, such as the Design Futures Lab, which focuses on immersive technology and sustainable fashion in Southern Africa. They provide support to content creators in South Africa and Zimbabwe, offering opportunities to develop digital narratives. Benefits include covering travel costs, accommodation, meals, and partnerships with experts.
British International Investment
British International Investment (BII) invests in African tech companies, as shown by their participation in the Series B round of nextProtein, a Tunisian company producing sustainable insect-based ingredients for animal feed. They focus on scalable impact across Africa, particularly in sectors like clean energy, climate tech, and mobility.
Broll Property Group
Brooklyn Bridge Ventures
Brooklyn Bridge Ventures invests in early-stage startups. They participated in the $2 million seed funding round of Kibo School, an online university for students in Sub-Saharan Africa who want to solve problems with technology.
Brooklyn Ventures
Brooklyn Ventures invests in early-stage African tech companies. They participated in Talk360's pre-series A funding round. Talk360 is a South African communications solutions provider that offers a global communication platform enabling affordable international calls.
Buffet Investments
Buffet Investments invests in early-stage African tech companies. They focus on startups that are building innovative solutions to address key challenges in Africa. They have invested in fintech, prop-tech, and consumer rewards startups. They seek to expand the reach of the companies they invest in.
