From FinTech, AgriTech, HRTech and other industry, entrepreneurs across the continent are getting credits for building solutions to everyday human challenges, Behind these success stories are venture capitalist firms and investors that provide funding, mentorship and guidance. These angel and venture capitalist firms are the primary enablers of the results we are currently seeing in the African startup ecosystem.
How Many VC Firms Are in Africa?
Africa is a developing continent with fewer number of angels and venture capitalists in comparison to America and Europe. Compared to the previous decade, there has been a significant increase in the number of venture capital firms in Africa.
This article highlights Angel and Venture Capitalist firms who are investing in prototype, early stage and growth stage startups across the continent. It should be noted that some of the firms below are not limited to Africa, and the list below does not include every investor who has ever made an investment in the continent. We will do our best to update this list from time to time.
| COMPANY | INVESTOR TYPE | INVESTED COMPANIES |
|---|---|---|
| AHL Venture Partners | Family Office | M-Kopa, Twiga, Burn, EthioChicken |
| Amina Capital | VC Fund | Tizeti |
| Silvertree Capital | Angel Investor | CarZar, PriceCheck, Ucook, Faithfulto-nature |
| Horizen Ventures Africa | Seed Fund | WhereIsMyTransport, FitKey |
| Ajayi Solutions | Seed Fund | FarmCrowdy, CrowdyVest, Foodlocker |
| Social Capital | Seed Fund | OMG Digital, Tizeti, Agaza, mPharma |
| Niche Capital | Seed Fund | FarmCrowdy, Precurio |
| GreenHouse Capital | VC Fund | Flutterwave, Helium Health |
| Microtraction | VC Fund | Wallets Africa |
| EchoVC Partners | VC Fund | LifeBank |
| Norfund | VC Fund | Arnergy |
| Kuria Venture Capital Fund | Seed Fund | Fundis |
| Colam Impact | VC Fund | upOwa |
| Newid | VC Fund | Apollo Agriculture |
| GreenTec Capital | Seed Fund | ARED’s Mobile Shiriki Hub, Agtocenta, Farmcrowdy |
| GIF (Global Innovation Fund) | VC Fund | SafeBoda, Afrimarket, WhereIsMyTransport, PayGo |
| Lynett Capital | VC Fund | Wasoko |
| Ethos Artificial Intelligence | Growth/PE Fund | TymeBank |
| Apoletto Managers | VC Fund | Lori Systems |
| CDC | VC Fund | SunCulture, Frontier Energy, AfriInvest |
| Vumela | VC Fund | Swwp South, Peofit Share Patners |
| Timon Capital | VC Fund | mPharma, Shara, Soko Watch, Lori Systems, Schoolable, Sp |
| The Rise Fund | VC Fund | Migo, Cellulant |
| Orange Digital Ventures | VC Fund | Yoco |
| The Dutch Good Growth Fund (DGGF) | Growth/PE Fund | Rent to Own |
| Thawer Fund Management | VC Fund | PayItUp |
| Speedinvest | VC Fund | FairMoney |
| Softbank Asia | VC Fund | Opay |
| Smollan | VC Fund | SweepSouth |
| Global Partnerships SVF | Seed Fund | Sanergy, Penda Health, Eneza Education, Paygo Energy |
| Cactus Advisors | Seed Fund | Flutterwave, EduOne, FOMO Travel, Recomed, Aura App, Sortd, HouseME, Xente, e-Facto |
| Sawari Ventures | VC Fund | AI Mentor, SWVL, Elves, KNgime |
| GreenHouse Capital | Seed Fund | Devcenter, Rensource, Flutterwave, Electronic Settlement Limited, Bedspread, Mines.io, Max.ng, Tutor.ng |
| Sviu Venture | VC Fund | Talent2Africa |
| Redpoint | VC Fund | Opay |
| Newtown Partners | Seed Fund | Wala, SweepSouth, Flutterwave |
| Raptor Group | VC Fund | Chipper Cash |
| DFS Lab | Seed Fund | PayDay Africa, Orda Arica, PayHippo, Tushop, TaniHub Group, NALA, Sendchamp, GOBEBA, Malako, Nobuntu |
| Spark | Seed Fund | Hotels.ng, ToLet,com.ng, Drinks.ng |
| Kaenaat & Angaza | Seed Fund | Ignite Power, Spring |
| Raba | VC Fund | 54Gene, Lori, Flutterwave, mPharma, Kobo360 |
| FuturePerfect VC | Seed Fund | Andela, BitPesa |
| Quantum Capital Partners | Growth / PE Fund | TeamApt |
| DOB | VC Fund | Twiga |
| Precursor Ventures | VC Fund | TasteMakers |
| NewFund Capital | VC Fund | Fairmoney |
| Partech Partners | VC Fund | Kudi |
| Factor(e) Ventures | Seed Fund | Inspira Farms, Apollo Agriculture, Ampersand, Redavia, Odyssey Energy Solutioons, Village Industrial Power, Sistema Biobolsa |
| Naspers Capital | VC Fund | SweepSouth |
| Adlevo Capital | VC Fund | Paga |
| Liquid 2 Ventures | VC Fund | Chipper Cash |
| Le Studio VC | Growth / PE Fund | FairMoney |
| Lamar Holding | Growth / PE Fund | TechAdvance |
| Khosla Ventures | VC Fund | Kudi |
| IDG Capital | VC Fund | Opay |
| IC Global Partners | VC Fund | Gokada |
| Hlayisani Growh Fund | VC Fund | Snapplify |
| Greycroft Partners | VC Fund | Flutterwave |
| GreatPoint Ventures | VC Fund | RapidDeploy |
| GAN Venture | VC Fund | Copia, Ovon Home, Turaco |
| Flourish Venture | VC Fund | FairMoney, Pula, Paga |
| Fifty Years | VC Fund | 55Gene |
| DST Global | VC Fund | FairMoney |
| Draper VC | VC Fund | BitPesa |
| DOB Equity | VC Fund | Jibu, Copia, Twiga, Sendy |
| Creadev | VC Fund | Twiga |
| Consonance Investment Managers | VC Fund | LifeStores, verifyME, mDaas |
| Breakthrough Energy Ventures | VC Fund | MAx.ng, Arnergy |
| Asia Africa Investments and Consulting | VC Fund | MyDawa, Kobo 360, Chipper Cash, Reliance HMO |
| Algebra Ventures | VC Fund | Yodawy |
| 500 Startups | VC Fund | Aella Credit, Crowd Force, Dropifi |
| 4Dx | VC Fund | MaxAB, SokoWatch |
| Tell Venture Automotive | VC Fund | Tem Tem |
| SUNU Capital | VC Fund | Neopenda, Sendy |
| Pure Consulting | Growth / PE Fund | Yumamia |
| Generation Investment Management | Growth / PE Fund | Andela |
| Allan Gray | Growth / PE Fund | getSmarter, 10X Investments, Rhino Africa |
| LGT Lighthouse | Growth / PE Fund | Copia |
| P1 Ventures | Seed Fund | Nala, Wallet.ng |
| Mercy Corps Ventures | Seed Fund | SokoWatch, FarmDrive |
| Fledge | Seed Fund | Eazyhire, Birdprenur, OneLamp, East Africa Fruit, Cowtribe, Asheba Enterprise, Green Chair, Geossy, African Chicken, Cold Hubbs, Zamgoat, Obamastove |
| Blue Rinc Capital | Seed Fund | Paystack, Yocco, 4G Capital, Tizeti, Rensource |
| Egypt Ventures | VC Fund | Trella, Elmenus, GoodsMart, Halan |
| Sherpa Ventures | VC Fund | Boost, OnePipe |
| ShEquity | VC Fund | Ecodudu, Superfluid Labs, WildEnergy |
| Partech Partners | VC Fund | Kudi |
| Outlierz Ventures | VC Fund | WaytoCap, Asoko Insight, SokoWatch, YouVerify, MaxAB |
| Venture Kinetics | Angel Investor | ESL, Kangpe, VFD Bank, Gamesole, Ongair, Whogohost |
| Nuwa Capital | VC Fund | Homzmart |
| Endure Capital | VC Fund | MaxAB, AI Mentor |
| Acuity | VC Fund | Flutterwave, Paystack, mPharma, Smile Identity, Mines, Mono, Send, Indicina, Lemonade Finance, OnePipe |
| Invested Development | VC Fund | iHub, BRCK, Angani, iProcure |
| NEST | VC Fund | Creditable, AlemHealth, Ongair |
| Uncovered Fund | VC Fund | RXall, Gozem, Lipa Later, SEND Logistics, Sky Garden |
| Kepple | VC Fund | Ajua, Sendy, Bamboo |
| TVCLabs | Angel Investor | Sproxil, Pass,ng, SimplePay, PushCV, Plege 51 |
| Fedha Capital | VC Fund | Showlove, Bitmama |
| Valor Capital Group | VC Fund | Migo |
| Transsion | VC Fund | PalmPay |
| Passion Incubator Fund (PI Fund) | Angel Investor | Riby.me, Adsdirect.com.ng, Tanteeta |
| Ventures Platform | Seed Fund | Paystack, Printivo, Kangpe, Tizeti, Kudi, Thrive Agric, Accounteer, Gerocare, LastPrice, MyPadi, Aviva Media, Wesabi, Jalo, ProTeach, Mobile Forms, DriversNG |
| Grey Eleohant Ventures | Seed Fund | SokoWatch, Sendy |
| Zephyr Acorn | VC Fund | BitPesa, 4G Capital, Yum Deliveries, Asoko, Connect Health, SafeMotos, GET IT, Shortlist |
| GC Fund | Seed Fund | LifeBank, Gomyway, Truppr, Sarelo |
| Musha Ventures | Angel Investor | Twiga, Bamba, M-Kopa, Branch, Segovia, SokoWatch |
| Savannah Fund | Seed Fund | Lydia, Aerobotics, Flexclub, WordCover |
| JengaX Ventures | Seed Fund | TopShip, Nairametrics, AdvantageClub |
| Orange Digital Ventures | VC Fund | AfriMarket, Jumia |
| Kalon VP | Growth / PE Fund | SMEasy, SnapNSave |
| DDF (DraperDarkFlow) | VC Fund | SweepSouth, Slide, Paystack, Zagace, Spreebie, Swiftly, Vugapay |
| Beyond Capital | East Africa Fruits Farm, Kasha, Farmers Pride | |
| Singularity Investments | VC Fund | Smile ID, Mines.io |
| IFHA | Growth / PE Fund | Sendy, Cellulant, Lynk, MSurvey, Eneza, Farmdrive, iProcure, CarePsy, AAR Insurance, Hyeia HMO |
| PaperPlane Ventures | VC Fund | Centbee, Click2Sure, Touchsides, Senzolive, Aerobotics |
| KdT Ventures | VC Fund | 54Gene |
| DX Ventures | VC Fund | mPharma |
| Ringier One Africa Media | Strategic Investor | Jobberman, Cheki |
| Grey Elephant Ventures | VC Fund | Sendy, SokoWatch, Koko Networks, Inuka, Flare |
| Blue Haven Ventures | Family Office | Twiga Foods, Paystack, PEG Africa, Shortlist |
| Gold Palm | Seed Fund | mSurvey, Flutterwave, Solo, Andela, Supermart.ng, |
| EWB Ventures | Seed Fund | FarmDrive, Numida, M-Shule, GreenPath, LishaBora, Bloom |
| V8 Capital Parners | VC Fund | AppZone, Rancard, Altech, Digital, Bambboks |
| Knife Capital | VC Fund | orderTalk, FlighScope, iKubu |
| DiGAME Investment Company | Angel Investor | GetSmarter, 10X Investments, Rhino Africa |
| EchoVC | VC Fund | Hotels.ng, Printivo, S&T Media, Cars45 |
| Enza Capital | VC Fund | Sendy |
| Goldman Sachs | VC Fund | Kobo 360, Twiga |
| JVD Invest | Angel Investor | Madundo, Betpawa, Pawapay, BeautyClick, Sky Garden |
| First Check Africa, Ex-Endeavor Nigeria | Angel Investor | Town Talk Solutions, Big Cabal Media |
| Ebitkar for Financial Investments | VC Fund | Wasla Browser |
| Deciens Capital | VC Fund | Chipper Cash |
| CVentures | VC Fund | Yowady |
| Lateral Capital | VC Fund | Asoko Insight, 4G Capital, Koko Networks, Appzone, Medsaf, Sparkmeter, Verstaan, Lynk |
| Knuru Capital | VC Fund | Copia, Jiji.ng |
| Goodwell Investments | VC Fund | Nomanini, Pagatech, MicroCred, Lidya, Copia, Oradian, MFS Africa, Innovative Microfinance |
| InfraCo Africa | Growth / PE Fund | Redavia |
| Energy Access Ventures | VC Fund | Off Grid Eectric, PEGAfrica, D.light, Paygo Energy, InspiraFarms, SunCulture |
| Pulse | Growth / PE Fund | One Africa Media, Jobberman, Cheki, Private Property Nigeria, BuyRentKenya, Brighter Monday, Expat-Dakar. ZoomTanzania, Business Insider Sub-Saharan Africa |
| Frontier Digital Ventures | VC Fund | ToLet.com.ng, CasaMozambique, Afribab |
| Omidyar | VC Fund | Grassroot, SA Media Innovation Fund |
| Pantera Capital Management | BitPesa | |
| Fast Forward | Angel Investor | Reliance Health, Dojah, Altschool, Bumpa, Frain, Remedial Health, Paycentre |
| Convergence Partners | Growth / PE Fund | Dimension Data, VGG CSquard |
| Accion Labs | Angel Investor | Lidya, LulaLend, Apollo, Kopo Kopo, Umati Caital |
| Compass Venture Capital | VC Fund | Tuaa, Shortlist, Arifu, FinChatBot, Reuniwatt, ICT.io, Hub2.io |
