VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
Raya FutureTECH Accelerator
Venture Capital
Raya FutureTECH Accelerator invests in African tech startups. The provided articles highlight investments in fintech, energy, and enterprise software companies, indicating a focus on these sectors. The investments are primarily in early-stage companies, as evidenced by pre-Series A and Series A funding rounds.
Raya Trade
Raya Trade is an active venture capital investor in the African tech ecosystem. They focus on early-stage startups across various sectors, including fintech, healthtech, e-commerce, and foodtech. The firm provides funding to companies that are solving critical problems and demonstrating innovative solutions in the North African market.
Raya Trade & Distribution
Raya Trade & Distribution is an investor that participated in a $5 million pre-seed round for Mazaya in Q3 2022. They also participated in a $1.5M pre-seed round for Partment. They appear to focus on early-stage investments, particularly pre-seed rounds, in African startups, with a notable presence in Egypt and Nigeria.
Reach Capital
Review pending
Rebel Fund
Rebel Fund invests in early-stage startups, including those in the African tech ecosystem. They participated in Chowdeck's Series A round, indicating an interest in food delivery platforms. The fund focuses on companies with the potential for significant growth and impact, often co-investing with other venture firms and accelerators.
Rebel Seed Capital
Rebel Seed Capital invests in early-stage African startups. They participated in a $400,000 seed funding round for HouseAfrica, a Nigerian prop-tech startup that leverages blockchain and map technology to create a private land registry, digitizing real estate project sitemaps and enabling instant land transaction authentication while growing sales for real estate companies.
Precursor Ventures
Precursor Ventures invests in early-stage companies, including those in the African tech space. They participated in the seed funding round of Pivo, a Nigerian fintech startup focused on businesses involved in import, export, manufacturing, distribution, and retail of FMCG, logistics, and clearing and forwarding.
Presight Capital
Presight Capital is an investor in early-stage companies, as evidenced by their participation in a $6 million seed round for FARO, a South African recommerce fashion startup. They invest in companies demonstrating high growth potential and innovative solutions, particularly in emerging markets like Africa. Their investment in FARO indicates an interest in sustainable business models and companies addressing challenges in the retail and textile industries.
Princeton Alumni Angels
Princeton Alumni Angels invests in early-stage companies. They participated in the seed round of Kubik, a cleantech startup based in Ethiopia that produces low-carbon and affordable building materials by transforming hard-to-recycle plastic waste.
Private Sector Foundation Uganda (PSFU)
Private Sector Foundation Uganda (PSFU) invests in companies providing affordable and sustainable energy solutions for households in East Africa. They focus on improving service provision and increasing access to affordable, sustainable, and reliable energy solutions.
Pronomos Capital
Pronomos Capital invests in early-stage companies, as seen in their participation in Itana's pre-seed round. They co-invest alongside other VCs and angel investors. They focus on startups building virtual cities and online platforms that improve the ease of doing business, drive foreign direct investment, and catalyze employment in Nigeria.
Proof VC
Proof VC invests in early-stage startups. They focus on a variety of sectors and geographies, providing seed funding to companies with innovative solutions. They participated in the seed round of Jia, a blockchain-based fintech startup providing loans to micro and small businesses in emerging markets, specifically Kenya and the Philippines.
Proparco
Proparco is a Development Finance Institution (DFI) that invests in African tech startups. They focus on supporting the growth of companies like BasiGo, which is deploying electric buses across Kenya and Rwanda. Their investments aim to accelerate expansion, develop infrastructure, and provide long-term financing for sustainable and impactful projects.
Proparco guarantee
Proparco provides guarantees to support investments in African tech companies. They aim to foster economic development and innovation across various sectors, including property, mobility, AI, and consumer platforms. Their investments support growth capital, operational expansion, and strategic acquisitions, contributing to a more deliberate and confident market in Africa.
Propeller
Prosus Ventures
Prosus Ventures invests in technology companies, with a focus on sectors like fintech and AI. They participate in various funding stages, including Series A, and have invested in companies expanding within Africa and into other regions like the GCC and the US. Their investments aim to support companies in scaling their operations and expanding their market reach.
Protocol Labs
Providus Bank
Providus Bank invests in African tech companies, as evidenced by their investment in FrontEdge, a fintech platform offering financing services, cross-border payments, offshore accounts, and software tools to African importers and exporters. They participate in debt and equity seed rounds.
Purity Information Technology
Purity Tech
Purity Tech invests in startups in the MENA region. They participated in the Series A round of Wuilt, a platform that helps individuals and businesses create websites and e-stores without coding knowledge.
Push Ventures
Push Ventures participated in Turaco's $10M Series A funding round. Turaco is an insurtech company that provides medical, life, asset, and vehicle insurance packages to over 500,000 people in Nigeria, Kenya, and Uganda.
QBN Capital
QED
QED Investors
QED Investors is a venture capital firm that invests in fintech companies. They focus on companies that are using technology to improve financial services and make them more accessible to consumers and businesses. They co-led Remedial Health's $12 million Series A round and participated in Revio's $5.2 million seed round.
QED Zephyr Acorn
The investor is active in the African tech space, investing in early-stage startups across various sectors, including construction tech, social commerce, sustainable automotive utilities, insurtech, and B2B supply chain and logistics. They focus on companies providing innovative solutions and demonstrating outstanding achievements in East Africa, with investments in Kenya, Egypt, and Nigeria.
Qatar National Bank ALAHLI (QNB ALAHLI)
Qatar National Bank ALAHLI (QNB ALAHLI) invested $2.4 million in KarmSolar, an Egypt-based cleantech company, to finance the solar Power Purchase Agreement (PPA) battery storage system in Egypt and KarmSolar’s plans to implement battery solutions on a larger scale in Egypt and throughout the region.
Qora71
Qora71 invests in early-stage companies in the MENA region. They participated in an undisclosed funding round for Roomz.rent, a co-living platform based in Egypt. The investment will enable Roomz.rent to scale operations across Egypt, enhance its matching platform capabilities, and expand to new urban markets throughout the MENA region.
Qualcomm
Qualcomm runs the Make in Africa Startup Mentorship Program, an equity-free program supporting early-stage startups in Africa. The program focuses on startups developing innovative end-to-end solutions, providing access to business coaching, engineering consultation, and intellectual property protection guidance. Participating startups gain mentorship, skill acquisition, and visibility through demos and connections with industry leaders.
Quiet Capital
Quona Capital
Quona Capital is a venture capital firm that invests in fintech startups revolutionizing digital payments and financial solutions in Africa. They focus on companies enabling seamless and secure transactions across various channels, supporting financial inclusion, cross-border transactions, and digital banking experiences for businesses and individuals.
R9C Ventures
R9C Ventures invests in early-stage startups, as evidenced by their participation in a $1.4 million pre-seed funding round for Ayoken, a blockchain-based platform for digital collectibles. They co-invest alongside other VCs and angel groups.
REdimension Capital
REdimension Capital invests in African startups, as seen in their investment in The Good People Data Company (TGPDC), a South African digital solutions provider. They focus on companies that offer digital workflow automation, verification systems, and compliance solutions, supporting their growth and scaling efforts.
RIoT Accelerator Program
RIoT Accelerator Program is a 12-week training cohort for early-stage startups in the IoT technology ecosystem. It connects startups with an industry consortium of over 90 companies to learn, partner, and bring their products to market. The program supports entrepreneurial processes, from commercialization to startup growth and corporate innovation project research. It is sector-agnostic and open to all startups regardless of their product.
RMB
RMB Ventures invests in African tech startups. They participated in a $1.65 million seed round for Envisionit Deep AI, a South African medtech startup. They also co-invested with Investec in a $98 million funding round for Solar Africa, a solar energy solutions provider focused on solar-as-a-service (SaaS) and energy efficiency solutions across Africa.
RTA
RTA invests in early-stage African tech companies. They participated in an undisclosed funding round for Chekkit, a Nigerian product authentication startup using blockchain for supply chain tracking. The investment will help Chekkit expand within Africa and into new markets like India, the UK, and the Middle East.
RV Ventures
RZM Investment
RZM Investment invests in early-stage startups in Africa and the MENA region. They have invested in sectors such as payment operating systems and delivery management SaaS. Their investments range from seed to Series A rounds, supporting companies looking to scale their technology and expand their market presence.
Raba Capital
Raba Capital invests in early-stage African tech startups. They participated in a $5.1 million funding round for Nile, a South African agritech startup connecting fresh produce buyers and sellers. The firm focuses on providing a platform for direct and secure transactions.
Raba Partnership
Raba Partnership invests in early-stage African tech startups. They focus on sectors like fintech, e-commerce, and enterprise software, providing seed and Series A funding. The firm aims to support companies leveraging technology to solve key challenges across the continent, with a particular interest in South Africa, Nigeria, and Kenya. They look for scalable business models and strong founding teams.
Rabobank
Rabobank provides debt financing to companies in the agriculture and energy sectors in Africa. They focus on supporting renewable energy solutions and agricultural value chains. They provide debt financing to companies that provide clean, renewable, and affordable energy to poor households both on and off the grid and agritech startups that develop solutions to increase access to farmers and simplify transactions throughout the agricultural value chain.
Radical Ventures
Radical Ventures is an investor that participated in a $2.5 million pre-seed round for Ubenwa, a healthtech startup developing AI-powered software for early identification of neurological and respiratory conditions in infants using cry sounds. The investment indicates an interest in early-stage AI-driven healthtech companies operating in Africa.
Raed Ventures
Raed Ventures is a venture capital firm that invests in early-stage startups across the MENA region, including Egypt. They focus on technology-driven companies and participate in funding rounds alongside other investors. Their investments span various sectors, including fintech and e-commerce.
Rali_cap
Ralicap
Ralicap is a venture capital firm that invests in early-stage African tech startups. They participated in seed and pre-seed rounds, backing companies in sectors like fintech and climatetech. Their investments focus on supporting startups addressing challenges and opportunities within the African market.
Rally Cap
Rally Cap invests in fintech companies in Africa. They participated in a seed round for Cauridor, a fintech company focused on digital payments and financial services in Africa, with the aim of expanding its technology infrastructure and scaling its services across key African markets.
RallyCap Ventures
Rand Merchant Bank
Rand Merchant Bank (RMB) provides debt financing to African tech companies, as shown by their investments in Wave and Paymenow. Wave, a mobile money platform in West Africa, received a $137 million debt facility to expand its cashless Africa mission. Paymenow, a South African fintech startup, secured a $14 million debt facility to expand its earned wage access (EWA) platform in South Africa, Namibia, and Zambia.
Raven One
Raven One invests in African tech startups. They participated in a seed round for Uncover Skincare, a Kenya-based skincare startup producing tailored beauty and skincare products for the African market.
