VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Polymath Capital
Venture Capital
Polymath Capital invests in early-stage companies, as evidenced by their participation in the $6 million seed round of Maplerad, a Nigerian BaaS provider. They focus on startups building cross-border payment solutions in fiat and cryptocurrency, and all-in-one finance products that allow users to receive, hold, and make payments in multiple currencies, as well as create virtual and physical cards and pay bills.
Polymorphic Capital
Review pending
Pontem Ventures
Pontem Ventures invests in early-stage companies in Africa. They participated in a seed round for Dawa Mkononi, a Tanzanian platform that provides an easy platform for medical shops to conveniently purchase medicine and medical equipment.
Portugal Gateway Fund
Portugal Gateway Fund invests in early-stage African tech startups. They focus on companies building financial access, clean energy, and enterprise software. The fund participated in the pre-Series A rounds of Locstat and Kuunda, indicating an interest in companies with scalable infrastructure and potential for expansion across Africa and the MENA region.
Practical VC
Praesidium Capital Management
Praesidium Capital Management invests in early-stage companies. They participated in a seed funding round for Maholla, a South African consumer rewards startup that rewards users for scanning receipts and provides real-time insights into consumer purchasing behavior.
PASH Global
PASH Global invests in companies that provide access to essential infrastructure, such as energy, water, and transportation, in emerging markets. They focus on sustainable and impactful solutions that improve the quality of life for underserved communities. They aim to generate financial returns alongside positive social and environmental outcomes.
PG Dev
PRC Ventures ICAV
PTS Investments Holdings
PTS Investments Holdings participated in the pre-seed round of Suplyd, an Egyptian restaurant logistics startup. The company digitalizes procurement supply chain processes for hotels, restaurants, and cafes, enabling them to purchase stock directly from suppliers through its platform. The funding will be used to refine the company’s tech stack, expand its team, and scale up operations.
Pale Blue Dot
Pale Blue Dot is a venture capital firm that invests in early-stage companies focused on climate technology. They participated in a pre-seed round for Amini, a Kenyan climatetech startup providing data aggregation for climate and environmental analysis. They invest in companies that are working towards a more sustainable future.
Pallidus Alternative Investments
Palm Drive Capital
Palm Drive Capital invests in early and growth-stage technology companies, including those in the African tech ecosystem. They focus on sectors like fintech and e-commerce, providing capital to startups looking to scale their operations and expand their market presence. They co-invested with other VCs in Series B and Pre-Seed rounds.
Pantera Capital
Pantera Capital invests in companies building blockchain technology and crypto assets. They invest across all stages, from seed to late-stage ventures, and across various sectors within the blockchain ecosystem, including infrastructure, DeFi, and applications. They participated in the Series A round of Jambo, a Congolese startup building a Web 3 user acquisition platform.
ParaFi Capital
Paradigm Investment Group
Paradigm Investment Group invests in web3 and crypto startups. They led the Series A round of Jambo, a Congolese startup building a Web 3 user acquisition platform. They also participated in the seed round of MARA, a Pan-African crypto exchange platform.
Paris Techstars Accelerator
Partech
Partech is an active venture capital firm that invests in African tech startups. They have backed companies like Nawy and Carrot Credit, focusing on proptech and fintech sectors. Partech invests in early to growth-stage companies across various sectors, providing both equity and debt financing to support their expansion and market leadership in North Africa and beyond.
Partnering for Green Growth and the Global Goals
Partnering for Green Growth and the Global Goals (P4G) invests in climate-aligned ventures, clean energy, and digital agriculture systems. They support companies that provide solutions for smallholder farmers, reduce post-harvest losses, and promote climate adaptation through IoT and renewable energy. The fund focuses on long-term, scalable impact across Africa, particularly in sectors like e-mobility and solar expansion.
Patient Square Capital
Patient Square Capital invested in the merger of HearX and Eargo, now LXE Hearing, with a $100 million investment. The merger aims to create a leading provider of affordable, high-quality hearing solutions, combining HearX’s technology with Eargo’s direct-to-consumer model. The company will operate Eargo and Lexie Hearing as core products.
Patrick J. McGovern Foundation
The Patrick J. McGovern Foundation provides grants to organizations, as seen with their $250,000 grant to HelpMum, a Nigerian healthtech company. The grant will be used to implement an AI-based framework into HelpMum's vaccination tracking system to improve immunization rates in Nigeria.
Pax Momentum
Pax Momentum is an early-stage startup investment firm that invests in African tech companies. They participated in the pre-Seed round of Balad, an Egyptian fintech company specializing in financial services driven by remittances, targeting migrants and their families.
PayPal Ventures
PayPal Ventures invests in companies that are developing technologies and services to make money more useful and accessible. They invest in fintech, commerce, and infrastructure companies, with a focus on early-stage startups. They have invested in companies across Africa, including Paymob and Stitch.
Peak XV
Peak XV Partners invests in early-stage startups, including those in the African tech ecosystem. They focus on sectors like fintech, SaaS, and consumer internet. The firm provides capital and mentorship to help startups scale and expand their market reach. They participated in a $5 million funding round for Better Auth.
Peer VC
PepsiCo Kgodiso Fund
PepsiCo Kgodiso Fund invests in companies that can revolutionize how emerging farmers access sustainable financing and scale their operations. The fund focuses on supporting the growth and development of agricultural businesses in South Africa.
Perivoli Foundation
Perivoli Foundation invests in companies like Copia Global, which operates a B2C e-commerce and fintech platform serving mid and low-income consumers in rural areas. They focus on companies with a social impact component.
Perivoli Innovations
Perivoli Innovations invests in early-stage companies in Africa. They participated in a Pre-Series A debt and equity funding round for Ilara Health, a Kenyan medical products and solutions provider focused on distributing diagnostics devices and other medical products to healthcare professionals, particularly in rural areas of Africa.
Persistent
Persistent Energy
Persistent Energy invests in companies providing solutions for decentralized renewable energy in Africa. They focus on ventures that increase access to clean energy and promote sustainable development through innovative business models and technologies. They participated in the seed round of Beacon Power Services.
Pfeffer Capital
Pfeffer Capital invests in companies like Kollider, a Bitcoin derivatives exchange based in Seychelles. They participated in Kollider's $2.35 million seed funding round, along with other investors such as Lemniscap, Castle Island Ventures, Polychain Capital, Alameda Ventures, and Okex. The funding will be used to develop Kollider's exchange operation and add more Lightning-native financial solutions.
Phatisa
Philanthropia
The investor provides grants and accelerator programs to African startups. Focus areas include AI, sustainability, and societal impact. They offer financial support, training, networking opportunities, and access to global business networks. Specific programs mentioned include challenges and accelerators focused on innovation, AI research, and product development.
Philips Foundation
Philips Foundation invests in healthcare-related startups in Africa. They focus on improving access to healthcare services and solutions in underserved areas. They support companies that leverage technology and innovative business models to address healthcare challenges and improve patient outcomes.
Philips Foundation Impact Investments
Philips Foundation Impact Investments invests in companies that improve access to healthcare, particularly in underserved communities. They focus on solutions that leverage technology and innovative business models to address healthcare challenges in a sustainable and scalable manner. They invest in companies that align with Philips' mission to improve people's lives through meaningful innovation.
Pi Campus
Pi Campus is an early-stage venture capital firm that invests in startups. They participated in a pre-seed funding round for Intron Health, a Nigerian AI startup developing speech-to-text transcription tools for the healthcare industry.
Pioneer Fund
Platform Capital
Platform Capital invests in African tech startups across various sectors, including agritech, healthtech, and enterprise software. They participated in funding rounds for Nile, a South African agritech startup, and Zuri Health, a Kenyan digital healthcare company. The firm focuses on early-stage ventures and aims to support innovative solutions addressing key challenges in Africa.
Platform Investment Partners
Platform Investment Partners invests in African tech startups. They participated in Nile's $5.1 million funding round and Yellow's $14 million Series B round. They focus on early-stage investments and support companies in sectors like agritech and asset financing for solar energy and digital devices.
Pledges
Pledges invests in early-stage startups in Africa. They participated in Kibo School's $2 million seed round, which focuses on building a new online university for students who want to solve problems with technology, starting in Sub-Saharan Africa.
Plesion Capital
Plesion Capital invests in African tech startups. They provided additional funding to Releaf, a Nigerian agtech startup focused on improving the efficiency, profitability, and climate resilience of food processing in Africa through proprietary hardware and software solutions.
Plug & Play
Plug & Play is an active investor in the African tech ecosystem, as evidenced by their participation in seed rounds. They invest in various sectors, including cleantech and hospitality. Their investment in Kubik, an Ethiopian cleantech startup, demonstrates their interest in supporting companies that transform waste into affordable building materials. They also invested in Userguest, a Moroccan hospitality software solution.
Plug and Play
Plug and Play Tech Center
Plug and Play Tech Center is an early-stage investor that invests across a range of industries and geographies. They provide funding, mentorship, and access to their network to help startups grow and scale. They focus on connecting startups with corporations to foster innovation and drive business development.
Plug n Play
Plug and Play invests in various sectors and stages, including early-stage African tech companies. They participated in Workpay's Series A funding round, indicating an interest in HR and payroll management solutions in Africa. Their global presence allows them to bring international expertise and resources to the African tech ecosystem.
Plus VC
Plus VC is an early-stage venture capital firm that invests in startups across the MENA region and Africa. They focus on sectors such as fintech, e-commerce, and logistics, providing capital and support to help companies scale and expand their operations. They participated in rounds for Suplyd and Flend.
Plus Venture Capital
Plus Venture Capital (+VC) invests in early-stage startups, as evidenced by their participation in a pre-seed round for Agel, an Egyptian fintech startup. They focus on supporting companies in North Africa, particularly in sectors like fintech. The firm actively seeks opportunities to help startups refine their product offerings and expand their operations within the region.
Polychain Capital
Polychain Capital invests in companies leveraging Web3 technologies. They participated in funding rounds for Canza, a Nigerian neobank operating within the Web3 framework, and Kollider, a Seychellois Bitcoin derivatives exchange. The firm supports the development of blockchain-based financial solutions and exchanges.
