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Top 50 B2B Startup Investors in Africa (July 2026)

The most active venture capital funds and angel investors investing in Africa B2B startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa B2B startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Reflect Ventures
VC Fund
6 Pakistan, United States, Nigeria Seed, Pre-Seed, Series A Logistics, Information Technology, E-Commerce $120k–$37M
54 Collective
VC Fund
5 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech $40k–$4M
CRE Venture Capital
VC Fund
4 Nigeria, South Africa, United States Seed, Series A, Pre-Seed Financial Services, Software, FinTech $250k–$25M
Janngo
VC Fund
4 Nigeria, United States, France Seed, Pre-Seed, Series A E-Commerce, Financial Services, B2B $400k–$18M
Future Africa
VC Fund
4 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $100k–$20M
Harambeans
VC Fund
4 Nigeria, Kenya, Morocco Seed, Angel Information Technology, B2B, Big Data $100k–$3.1M
Loyal VC
VC Fund
4 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, FinTech $30k–$2.5M
Orange Ventures
VC Fund
4 France, United States, United Kingdom Seed, Series B, Series A Software, FinTech, Information Technology $600k–$33M
LoftyInc Capital
VC Fund
3 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
DOB Equity
VC Fund
3 Kenya, Tanzania, Rwanda Private Equity, Seed Food and Beverage, Farming, Agriculture $1M–$4M
Ventures Platform
VC Fund
3 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4.4M
Consonance Investment Managers
VC Fund
3 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, FinTech $50k–$10M
Afri Mobility
VC Fund
3 France, Morocco, Belgium Seed, Pre-Seed, Series A B2B, Software, Apps $490k–$2.1M
Unpopular Ventures
VC Fund
3 United States, Mexico, India Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $500k–$30M
Chandaria Capital
VC Fund
3 Kenya, United States, Nigeria Seed, Series A, Pre-Seed FinTech, E-Commerce, Retail $250k–$37M
Musha Ventures
VC Fund
3 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Software, Financial Services, FinTech $125k–$10M
Launch Africa
VC Fund
3 Nigeria, South Africa, United States Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$4M
Kepple Africa Ventures
VC Fund
2 Nigeria, Kenya, Egypt Seed, Pre-Seed Financial Services, FinTech, Software $300k–$4.5M
Stephen Pagliuca
Angel
2 United States, India, Israel Series B, Series A, Series C Software, Information Technology, Sports $10M–$250M
Jozi Angels
VC Fund
2 South Africa, Kenya Pre-Seed, Seed B2B, Finance, Lending $39k–$1M
FirstCheck Africa
VC Fund
2 Kenya, Nigeria, United States Pre-Seed, Seed Consumer, Payments, Financial Services $100k–$4.5M
Proparco
VC Fund
2 India, Kenya, Nigeria Debt Financing, Seed Financial Services, Energy, Finance $447k–$169M
E4EAfrica
VC Fund
2 South Africa, The Netherlands, France Seed, Pre-Seed, Series A Logistics, Internet, Supply Chain Management $1M–$7.5M
Ardent Capital
VC Fund
2 Nigeria, Indonesia, Thailand Seed, Pre-Seed, Series A E-Commerce, Internet, Software $100k–$15M
Logos Ventures
VC Fund
2 Kenya, United States Seed, Pre-Seed B2B, FinTech, Logistics $750k–$4.5M
Timon Capital
VC Fund
2 Nigeria, Kenya, United States Seed, Series A, Pre-Seed Information Technology, FinTech, Internet $300k–$30M
Goodwell Investments
VC Fund
2 Nigeria, South Africa, Kenya Series A, Series B FinTech, Financial Services, Banking $1.5M–$26M
Kalys Ventures
VC Fund
2 Morocco, France, Cameroon Seed, Pre-Seed B2B, SaaS, Water $200k–$3.4M
Alumni Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$79M
Verod-Kepple Africa Ventures
VC Fund
2 Egypt, Kenya, Nigeria Seed, Series A, Venture - Series Unknown Retail, Payments, B2B $1.3M–$52M
Enza Capital
VC Fund
2 Kenya, Nigeria, South Africa Seed, Series A, Pre-Seed Financial Services, Finance, E-Commerce $100k–$31M
VestedWorld
VC Fund
2 Nigeria, Kenya, Ghana Seed, Series A, Series B Agriculture, Farming, E-Commerce $1.6M–$20M
Justin Kan
Angel
2 United States, Nigeria, India Seed, Series A, Pre-Seed Software, Financial Services, SaaS $808k–$23M
First Impact
VC Fund
2 Nigeria Pre-Seed, Seed B2B, Chemical, Delivery
P1 Ventures
VC Fund
2 Egypt, Kenya, United States Seed, Pre-Seed, Series B Financial Services, Software, Payments $400k–$40M
MNF Ventures
VC Fund
2 Morocco, France, Canada Seed, Series A, Pre-Seed Online Portals, FinTech, Enterprise Software $200k–$1.6M
Voltron Capital
VC Fund
2 Nigeria, United States, Senegal Pre-Seed, Seed, Angel Financial Services, FinTech, Payments $195k–$3M
Aruwa Capital
VC Fund
2 Nigeria, United States, France Seed, Series A Retail, FinTech, Financial Services $100k–$20M
Haskè Ventures
VC Fund
2 Senegal Seed, Pre-Seed B2B, Retail, Banking $500k–$700k
Waarde Capital
VC Fund
2 Israel, Nigeria, United States Convertible Note, Seed Software, B2B, SaaS $2M–$20M
Witamax
VC Fund
2 Morocco, France Seed, Pre-Seed Software, E-Commerce, Information Technology $204k–$2.3M
Oui Capital
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Transportation, Financial Services, Information Technology $40k–$4.9M
Michael Lahyani
Angel
2 Egypt, Morocco, Colombia Seed, Series A, Series B B2B, SaaS, Beauty $5M–$42M
216 Capital
VC Fund
2 Tunisia, France, United States Seed, Pre-Seed, Angel B2B, SaaS, Software $161k–$1.5M
Ground Squirrel Ventures
VC Fund
1 United States, Kenya, Zambia Seed, Series A Financial Services, FinTech, Finance
Presight Capital
VC Fund
1 United States, United Kingdom, Germany Seed, Series A, Series B Biotechnology, Health Care, Financial Services
SBI Investment
VC Fund
1 Japan, South Korea, United States Series B, Series A Information Technology, Financial Services, Software
Fedgroup
VC Fund
1 South Africa Seed B2B, Insurance, Financial Services
DNA Capital
VC Fund
1 United States, Brazil, China Seed, Series A, Series B Health Care, Medical, Wellness
Flexport
VC Fund
1 United States, Nigeria, Pakistan Series A, Seed, Series B Logistics, Software, E-Commerce
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Reflect Ventures
VC Fund · Menlo Park, California, United States · 6 investments in Africa B2B startups

Reflect Ventures makes venture capital investments in high-potential startups at the seed and series A/B+ stages. We identify extraordinary founders, companies and opportunities around the world, including in emerging and frontier markets. Our LPs comprise family offices, institutional investors and HNWIs on six continents, along withrecognized sector experts who are instrumental to our portfolio companies' future growth.

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Investment focus

  • Industry: Logistics, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, United States, Nigeria

Investor stats

  • Total investments: 57
  • Round size: Seed $200k–$12M; Pre-Seed $120k–$3.3M; Series A $4M–$37M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • GoCement — Tempatnya jual beli bahan bangunan online terlengkap berkualitas dan harga murah di Indonesia. Cari kebutuhan alat dan bahan bangunanmu, hanya di GoCement
  • Jelt — HealthTech B2B Marketplace
  • VIVAN Therapeutics — VIVAN Therapeutics, a company pioneering personalized cancer therapeutics using a new assay technology. MPT licensed technology from the Center for Personalized Cancer Therapeutics at Mt Sinai New York and is launching the world’s most comprehensive, personal genomics-based, block-chain enabled drug screening service. All recommended treatmentcombinations will include a cancer drug and a non cancer drug, making treatments less toxic and more affordable. Intelligently designed personalized treatment. Revolutionary cancer care.
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54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 5 investments in Africa B2B startups

Building and scaling African tech startups with catalytic capital, value-add support and our global network.

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Investment focus

  • Industry: Health Care, Information Technology, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 108
  • Round size: Seed $40k–$4M; Pre-Seed $40k–$1.3M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Yeah — Yeah is a financial technology company that offers payment processing services while building a credit profile for the banked and unbanked.
  • REasy — Top up locally, pay suppliers globally, and manage international shipments with REasy. Fast, secure, and designed for African businesses expanding worldwide.
  • Konnect — Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.
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CRE Venture Capital
VC Fund · New York, New York, United States · 4 investments in Africa B2B startups

Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $300k–$5M; Pre-Seed $250k–$3.3M; Series A $1.1M–$25M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Flood — Flood is a marketplace platforms that provides merchant solution, self services and big data solution.
  • Letly — Letly is developing an AI‑driven platform for the rental property market that automates tasks related to managing rental listings and tenant interactions. It aims to use intelligent agents to handle tasks such as scheduling viewings, responding to inquiries, and optimizing property management workflows. The platform is currently in a waitlistphase, signaling ongoing development and private access only.
  • Cutstruct — Cutstruct is your one source for bulk construction materials purchase. Get the best prices for cement, steel, granite, sharp sand wood, and more.
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Janngo
VC Fund · Abidjan, Lagunes, Côte d'Ivoire · 4 investments in Africa B2B startups

Janngo supports entrepreneurs who leverage technology to massify three impacts on the continent: 1/ Essential services & products for African consumers, 2/ Growth acceleration of African SMEs, and 3/ Job creation, in particular for women & youth

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Investment focus

  • Industry: E-Commerce, Financial Services, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, France

Investor stats

  • Total investments: 24
  • Round size: Seed $400k–$15M; Pre-Seed $546k–$2.7M; Series A $2.2M–$18M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Jobzyn — Jobzyn is building an AI-powered recruitment platform designed to help employers sift through overwhelming volumes of underqualified applications while helping candidates make better-informed career choices.
  • CreditChek — Bridging the trust gap between global credit businesses and underserved African consumers.
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Future Africa
VC Fund · San Francisco, California, United States · 4 investments in Africa B2B startups

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 89
  • Round size: Seed $500k–$4M; Pre-Seed $100k–$3.7M; Series A $7M–$20M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • STEM Cafe — STEMCafe by RVRB is a fun out of school learning centre for kids
  • Juicyway — Juice is a developer of a payment network platform for cross-border business payments for businesses and individuals. It facilitates financial transactions between parties regardless of location to allow enterprises to participate in international trade and the exchange of goods and services.
  • Lori Systems — Lori Systems is revolutionizing African logistics through innovative technology solutions. We connect shippers, transporters, and drivers to create efficient, reliable, and transparent supply chains across Africa.
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Harambeans
VC Fund · 4 investments in Africa B2B startups

Harambeans are African innovators who have pledged to “work together as one” to build Africa’s future. Over the last decade, Harambeans has spawned a series of tech-enabled ventures such as Andela, Flutterwave, and Yoco, which have collectively generated over 3000 jobs, and raised over $700m from Google Ventures, CRE Ventures and Accel.

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Investment focus

  • Industry: Information Technology, B2B, Big Data
  • Stage:Seed, Angel
  • Geography: Nigeria, Kenya, Morocco

Investor stats

  • Total investments: 10
  • Round size: Seed $100k–$3.1M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Releaf Earth — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • ZSystems — ZSystems is a transformative super app designed to redefine B2B trade.
  • MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
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Loyal VC
VC Fund · Toronto, Ontario, Canada · 4 investments in Africa B2B startups

Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries.

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Investment focus

  • Industry: Artificial Intelligence, Software, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 153
  • Round size: Seed $100k–$2.5M; Pre-Seed $30k–$1M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Peerby Classic — Borrow and rent goods from others nearby - affordable, convenient and green. Tools, bikes, party equipment, electronics and more. Try it now.
  • Zobi — Zobi’s not just Artificial Intelligence, it’s Home Intelligence. Our smart, brand-agnostic solutions take a holistic view of homes - people, devices, networks, habits. They build an anonymous profile for each home, then use that intel to spot unusual behaviour and stop cybercriminals.
  • Finverity — Finverity provides technology, working capital and expertise to give banks, NBFIs, financiers and companies a strategic advantage in supply chain finance
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Orange Ventures
VC Fund · Paris, Ile-de-France, France · 4 investments in Africa B2B startups

Orange Ventures is a venture fund investing in areas of Orange expertise and beyond, with financial objectives in line with VC industry standards. With 350m€ assets under management, Orange Ventures is in the top 10 corporate ventures in Europe with an investment strategy focused on helping future global tech champions, fostering innovation in theMiddle East and Africa, and supporting new sustainable and responsible business models.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 82
  • Round size: Seed $600k–$5M; Series A $2.7M–$12M; Series B $11M–$33M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Veniam — Transfer 10x more data for your video telematics, fleet operations, industrial IoT or connected vehicles.
  • Cycloid — Cycloid Internal Developer Portal and Platform revolutionizes governance, cloud management, sovereignty, and DevX. Available on-prem or in any cloud.
  • LAMMA — Lamma is a web and mobile platform reinventing urban movement for package delivery through an extended carpooling network.
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LoftyInc Capital
VC Fund · Carmel, California, United States · 3 investments in Africa B2B startups

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 147
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Series A $250k–$37M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $14M in 2021

Portfolio highlights

  • Aku — Aku is a financial technology to drive financial inclusion on one mobile device. They provide payments and bring financial services to the doorstep. They support the new business owner in need of the right tools. They offer low-cost, accessible financial services that serve their customers. They radically democratized access to banking and digitalpayment channels.
  • AlumUnite — AlumUnite is a purpose-built platform to connect all educated Africans to develop Africa's human capital through alumni groups. We crowd-resource education.
  • Reliance Health — Reliance Health Global. Improve the lives of your staff with innovative company healthcare benefits fit for any business. You can rely on us.
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DOB Equity
VC Fund · Veessen, Gelderland, The Netherlands · 3 investments in Africa B2B startups

DOB Equity is a private equity firm specializing in growth capital and buy-and-build strategies in small and medium companies.

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Investment focus

  • Industry: Food and Beverage, Farming, Agriculture
  • Stage:Private Equity, Seed
  • Geography: Kenya, Tanzania, Rwanda

Investor stats

  • Total investments: 51
  • Round size: Seed $1M–$4M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Kentaste — Virgin coconut oil, Coconut Cream, and Coconut Milk
  • MazaoHub — MazaoHub is a AI-powered end-to-end farm management company.
  • FarmWorks — FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 3 investments in Africa B2B startups

We back founders building the future of Africa. We invest in companies that solve for non-consumption, plug infrastructural gaps and democratise prosperity in Africa, by eliminating the barriers for access and reducing the costs of delivering goods and services.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 148
  • Round size: Seed $325k–$4.4M; Pre-Seed $100k–$3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Brass — Get started with a modern current account
  • MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
  • ThankUCash — ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction madeboth offline and online.
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Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 3 investments in Africa B2B startups

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 31
  • Round size: Seed $550k–$3.3M; Pre-Seed $450k–$1M; Series A $50k–$10M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Releaf Earth — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • Tripesa — Tripesa offers payment solutions for Africa's travel and tourism industry.
  • Plural — Smarter, Faster, Future-Ready Policy Strategy. Plural transforms how enterprises and organizations anticipate and act on legislation. Our AI-powered platform delivers accurate bill analysis, policy insights, and stakeholder intelligence so you can stay ahead of risk, seize opportunity, and shape outcomes. See How It Works Book A Demo Trusted By Deepen Your State & Federal Legislative
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Afri Mobility
VC Fund · 3 investments in Africa B2B startups

Afri Mobility is the venture capital arm of AKWA Group.

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Investment focus

  • Industry: B2B, Software, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, Morocco, Belgium

Investor stats

  • Total investments: 18
  • Round size: Seed $490k–$2.1M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Hatla2ee
  • VotreChauffeur — VotreChauffeur is a transport and mobility company. They provide vehicles with private drivers. They provide water bottles, Wifi, phone chargers, and magazines in their vehicles. They serve customers.
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 3 investments in Africa B2B startups

The best companies, off the beaten path.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Mexico, India

Investor stats

  • Total investments: 439
  • Round size: Seed $500k–$8M; Pre-Seed $500k–$2.3M; Series A $8.5M–$30M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • DRUO — DRUO provides online payment gateway for businesses.
  • Sourcepulse — Sourcepulse is the internal status page for software delivery, alerting teams before costly delays. We collect anonymous feedback from project members to identify exactly what to fix, just like how Sentry captures system details for production errors.
  • NORDA Dynamics — NORDA Dynamics is an autonomous UAV piloting system for carrying out missions in areas with limited connectivity.
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Chandaria Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Africa B2B startups

KOITOTO merupakan akses login situs toto togel 4D resmi dan link slot gacor terpercaya menyediakan akses super cepat serta permainan terlengkap dengan tingkat kemenangan tinggi setiap hari.

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Investment focus

  • Industry: FinTech, E-Commerce, Retail
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, Nigeria

Investor stats

  • Total investments: 35
  • Round size: Seed $250k–$6M; Pre-Seed $1M–$3M; Series A $2M–$37M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Savannah Brands — Savannah Brands is a food & beverage company.
  • UTU Technologies — Trust infrastructure for the sharing economy.
  • African Originals — African Originals food and beverage company that offers authentic African craft beverages using traditional reciepies.
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Musha Ventures
VC Fund · New York, New York, United States · 3 investments in Africa B2B startups

Seed capital for technology startups globally.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 156
  • Round size: Seed $125k–$6M; Pre-Seed $300k–$3.2M; Series A $2.5M–$10M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • Zeno — Zeno is a climate conscious motor company that offers eco-friendly motorcycles.
  • Lori Systems — Lori Systems is revolutionizing African logistics through innovative technology solutions. We connect shippers, transporters, and drivers to create efficient, reliable, and transparent supply chains across Africa.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 3 investments in Africa B2B startups

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 178
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Yamify — Yamify is an AI platform where intelligent agents reliably run mission-critical business workflows in Africa. Founded by Silicon Valley engineers, our platform automates complex operations by integrating humans, systems, and infrastructure reliably, even under connectivity, latency, and compliance challenges. Starting with on-prem deployments,Yamify is evolving into a full AI automation infrastructure for African enterprises.
  • Shopstar — A place for makers and creators to start, manage and grow successful online stores. Our built-in design, payment and shipping methods provide you with an all in one solution. Get started with a free 14-day trial.
  • Kashat — The region's first nano financial service provider, offering small productive loans, and serving as the entry point to financial inclusion for the un- and underbanked population in Egypt.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Africa B2B startups

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 78
  • Round size: Seed $500k–$4.5M; Pre-Seed $300k–$3.4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
  • TIBU Health — TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.
  • Onboard — Onboard helps hardware companies transform their text manuals to 3D, intelligent manuals with instant customer support capabilities.
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Stephen Pagliuca
Angel · Boston, Massachusetts, United States · 2 investments in Africa B2B startups

Stephen G. Pagliuca has served as a director from July 1990 (except for a six month hiatus beginning in late 2009 when he entered the Massachusetts U.S. Senate race).Mr. Pagliuca is a Managing Director of Bain Capital Partners, LLC and is also a Managing Partner and an owner of the Boston Celtics basketball franchise. Mr. Pagliuca joined Bain& Company in 1982, and founded the Information Partners private equity fund for Bain Capital in 1989.Prior to joining Bain, Mr. Pagliuca worked as a senior accountant and international tax specialist for Peat Marwick Mitchell & Company in the Netherlands.

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Investment focus

  • Industry: Software, Information Technology, Sports
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 24
  • Round size: Series A $13M–$250M; Series B $10M–$160M; Series C $32M–$70M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Lula — Making Mobility Viable and Profitable
  • Liquid AI — Liquid AI is an MIT spin-off with a presence in Boston, MA, and Palo Alto, CA. Our mission is to build state-of-the-art, general-purpose AI systems from first principles and deploy capable, efficient, highly aligned, and trustworthy AI for all.
  • MaintainX — MaintainX helps you track your reactive maintenance, preventive maintenance, and control the daily operations of your business. Get started for Free!
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Jozi Angels
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in Africa B2B startups

Jozi Angels is an angel network based in Johannesburg, South Africa. We exist to grow the startup ecosystem and facilitate the growth of innovative startups.

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Investment focus

  • Industry: B2B, Finance, Lending
  • Stage:Pre-Seed, Seed
  • Geography: South Africa, Kenya

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $39k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jahazii — Jahazii provides an online platform for workforce management. The company offers tools for storing and organizing employee records in one system. It manages scheduling, attendance tracking, and timesheets for different types of workers. The platform connects attendance and payroll functions to support salary processing. It allows employers toautomate payroll calculations and salary disbursement. The company also provides earned wage access, letting employees receive part of their pay before payday.
  • TUNL — Ship globally with ease. TUNL offers affordable, transparent international shipping built for South African brands. Up to 91% cheaper. No surprises.
  • The Awareness Company — We use data to tell stories that are useful to humans.
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FirstCheck Africa
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa B2B startups

FirstCheck Africa is an early believer for a generation of African women in tech. We invest early, with high conviction, in high-growth female-led startups with category-leadership potential.

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Investment focus

  • Industry: Consumer, Payments, Financial Services
  • Stage:Pre-Seed, Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $1M–$4.5M; Pre-Seed $100k–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jumba — Jumba is the trusted digital partner for hardware stores. Through tech, we support hardware stores to grow. Get cement at unbeatable prices. Access cement LPOs even at midnight. Get inventory on credit through Jengwa.
  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
  • Cleva — For anyone with global financial needs, A US-based dollar account in your name to receive, hold, and save USD.
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Proparco
VC Fund · Paris, Ile-de-France, France · 2 investments in Africa B2B startups

Proparco is devoted to private sector funding in the sustainable development sector.

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Investment focus

  • Industry: Financial Services, Energy, Finance
  • Stage:Debt Financing, Seed
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 124
  • Round size: Seed $1.2M–$13M; Debt Financing $447k–$169M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Nuru — Nuru is a solar hybrid site. Nuru (Swahili for "light") is a company dedicated to enhancing connectivity in the Democratic Republic of Congo. Nuru deployed Congo's first solar-based mini-grid in 2017 and is currently constructing a 1.3MW solar hybrid site in Goma, the largest off-grid mini-grid in sub-Saharan Africa.Nuru is arenewable and environment company that specializes in the fields of storage micro-grids and solar energy. The company deployed Congo's first solar-based mini-grid in 2017 and is currently constructing a 1.3MW solar hybrid site in Goma.Nuru was founded in 2015 and headquartered in Goma, Nord-Kivu, Congo.
  • Ecoener
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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E4EAfrica
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Africa B2B startups

E4E Africa Backing category-defining emerging market businesses. We invest in businesses that drive economic opportunity and sustainable growth.Learn MoreE4E specializes ... Read More

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Investment focus

  • Industry: Logistics, Internet, Supply Chain Management
  • Stage:Seed, Pre-Seed, Series A
  • Geography: South Africa, The Netherlands, France

Investor stats

  • Total investments: 24
  • Round size: Seed $2.7M–$7.5M; Pre-Seed $1M–$1.8M; Series A $1M–$4.6M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • CMO
  • Yebo Fresh — Yebofresh is a new online shopping service, delivering popular groceries straight into areas that are generally unserved by most formal retailers. Our unique business model and partnerships with manufacturers allow us to deliver top quality products and A-brands at extremely competitive prices. Yebofresh serves Imizamo Yethu, Langa, Khayelitsha,Mfuleni and Gugulethu and following recent seed funding, is rapidly expanding across the greater Cape Town area.
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Ardent Capital
VC Fund · Bangkok, Krung Thep, Thailand · 2 investments in Africa B2B startups

Leading Venture Capital & Builder in Southeast Asia | Experts in E-Commerce, B2B, B2C, Fulfilment Startups | Seed, Series A Funding

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, Indonesia, Thailand

Investor stats

  • Total investments: 37
  • Round size: Seed $100k–$2.5M; Pre-Seed $100k–$350k; Series A $1.1M–$15M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2014

Portfolio highlights

  • Laborhack — LaborHack offers a select network of tested and certified carpenters, plumbers, electricians, masons, welders, and other tradespeople. It provides cleaning, plumbing, electrical, and HVAC services.
  • Trade Lenda — Trade Lenda: Access to Loans, Investments, Utility Payments, Credit Access, Insurance, and More! Unlock Opportunities to Earn, Invest, and Grow. Secure Personal or Business Loans Toda
  • Feather Africa — Feather Africa provides money transaction services, such as enabling users to send and receive money from anyone using the application. It offers withdrawals of cash without ATM cards by sending money to the nearest cash vendors.
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Logos Ventures
VC Fund · 2 investments in Africa B2B startups

Logos Ventures is a venture capital investment firm.

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Investment focus

  • Industry: B2B, FinTech, Logistics
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $1.8M–$4.5M; Pre-Seed $750k–$1M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Chargel — Chargel is a freight brokerage platform that connects shippers and carriers with available loads.
  • Shop Zetu — Shop the latest trendy fashion, beauty and accessory brands in Kenya online! Discover affordable clothing, footwear, accessories, beauty products and more. Order today from Shop Zetu.
  • Jumba — Jumba is the trusted digital partner for hardware stores. Through tech, we support hardware stores to grow. Get cement at unbeatable prices. Access cement LPOs even at midnight. Get inventory on credit through Jengwa.
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Timon Capital
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa B2B startups

At Timon Capital, they have tremendous respect for the entrepreneurial journey—especially in emerging markets. As former entrepreneurs, they have built companies and gone through the frustration of trying to manage wayward investors. They decided to hold themselves to a higher standard and named ourselves Timon: a Greek word that means ‘the oneinfluenced by honor’ as well as ‘fairly priced.’

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Investment focus

  • Industry: Information Technology, FinTech, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, Kenya, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $300k–$8.5M; Series A $14M–$30M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Waza — Waza is a web platform with APIs. It helps startups and emerging market businesses manage their cash flow issues, invoicing needs, and international payment requirements.
  • Zone — Zone is a regulated blockchain network that enables payments and acceptance of digital currencies.
  • OmniRetail — OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Africa B2B startups

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Series A, Series B
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 47
  • Round size: Series A $1.5M–$12M; Series B $2M–$26M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • OmniRetail — OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products.
  • Hinckley Recycling — Hinckley Recycling is dedicated to the responsibility of being a good steward of the environment and will in all circumstances aspire to constantly emphasize awareness of the natural environment, whilst maintaining a level of proficiency which demonstrates bona fide leadership in all spheres of the environment.
  • Agent Banking Company — Agent Banking Company provides digital technology solutions that enable access to banking services through bank-approved agents.
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Kalys Ventures
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa B2B startups

Moroccan VC fund investing in early stage and pre-series A african startups tickets from $50K et $200K.

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Investment focus

  • Industry: B2B, SaaS, Water
  • Stage:Seed, Pre-Seed
  • Geography: Morocco, France, Cameroon

Investor stats

  • Total investments: 9
  • Round size: Seed $200k–$3.4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • ZSystems — ZSystems is a transformative super app designed to redefine B2B trade.
  • Kumulus Water — We create water from air sustainably, efficiently, and inspired by nature. Partner with us to elevate your sustainability strategy.
  • Userguest.com — Userguest is a Travel SaaS company that provides technology to hotels in order to improve their online revenue. Our smart tool applies RevMarketing Automation to hotel website, by matching a user’s booking intent with the hotel’s inventory priorities. We display personalized incentives to boost hotel revenue where it counts.
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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 2 investments in Africa B2B startups

Access curated startup investment opportunities and diversified venture capital exposure designed for accredited investors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 1791
  • Round size: Seed $1.5M–$10M; Series A $5.5M–$37M; Series B $11M–$79M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • NextDroid — NextDroid - We're Doing Something Different
  • Enact — Enact is a leading solar energy and solar software company serving homeowners, businesses, and installers. Get a free quote or request a demo today!
  • ARRIS — Using next-gen advanced manufacturing technologies, ARRIS Composites produces smarter, lighter, stronger, and more sustainable products at scale.
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Verod-Kepple Africa Ventures
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa B2B startups

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

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Investment focus

  • Industry: Retail, Payments, B2B
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Egypt, Kenya, Nigeria

Investor stats

  • Total investments: 12
  • Round size: Seed $1.3M–$8.5M; Series A $5M–$52M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $43M in 2023

Portfolio highlights

  • Nawy — The ultimate real estate broker in Egypt. Browse areas, compounds, and properties by price, location, and amenities to find the perfect place.
  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Tagaddod — Tagaddod is a renewable Energy and Waste Management Egyptian company, started in February 2013 and operating in Cairo –Egypt. Currently focusing on clean fuels, Tagaddod is working on Biodiesel production from Vegetable Oils. Biodiesel is a fuel alternative that is produced from waste vegetable oils and used in conventional diesel engines, whichcan directly substitute for or extend supplies of traditional petroleum diesel.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Enza Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Africa B2B startups

Venture investor in high-growth Founders and Teams using technology to solve large and meaningful problems across Africa

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Investment focus

  • Industry: Financial Services, Finance, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 53
  • Round size: Seed $617k–$8M; Pre-Seed $100k–$4M; Series A $3.6M–$31M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • Quro Medical — Quro Medical is an innovative digital health company pioneering premium hospital-at-home services.
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VestedWorld
VC Fund · Chicago, Illinois, United States · 2 investments in Africa B2B startups

VestedWorld is an early-stage venture capital firm that invests in emerging markets companies that have the potential to generate competitive financial returns while contributing towards the growth and development of the markets in which they are located. The firm supports these businesses through the infusion of capital, active involvement incorporate governance, and by providing direct strategic and operational assistance.

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Investment focus

  • Industry: Agriculture, Farming, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Nigeria, Kenya, Ghana

Investor stats

  • Total investments: 28
  • Round size: Seed $1.6M–$5.9M; Series A $2.5M–$4.4M; Series B $9M–$20M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $187k in 2020

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • Points Africa — Points Africa offers financial services specializing in customer loyalty and lifecycle management. It develops revenue-building campaigns and integrates technology for service operations. The company also provides UI/UX design and transaction data management.
  • Jackfruit Finance — Fast, flexible school financing in Kenya. Get working capital, projects, and asset loans designed around school fee cycles and growth needs.
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Justin Kan
Angel · San Francisco, California, United States · 2 investments in Africa B2B startups

Justin Kan is the Co-Founder of Stash. He previously worked at Atrium as a CEO. Justin Kan attended Yale University.

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Investment focus

  • Industry: Software, Financial Services, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Nigeria, India

Investor stats

  • Total investments: 105
  • Round size: Seed $1.3M–$6.7M; Pre-Seed $808k–$20M; Series A $7.5M–$23M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • DianaHR — Streamline HR, payroll, and compliance with DianaHR, the US-based fractional HR company helping startups and SMBs reduce risk, automate admin, and scale without HR headaches.
  • Wabi — Create, discover, and remix any mini-app in minutes. The era of personal software is here.
  • FLORA — FLORA is an applied AI HCI company building creative tools.
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First Impact
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa B2B startups

First Impact Ventures is a geography agnostic but frontier market focused pre-seed venture fund. We differentiate ourselves through bold and imaginative thought; a truly distributed network among the most dynamic and experienced African/African Diasporic entrepreneurs and investors; and pursuing a founder first approach. Our team is led byKai Cash, an experienced builder and investor with a decade of experience working with founders and investors to build and support start-ups/ecosystems. Prior to First Impact, Kai had experience working with firms such as CapitalG, Plug and Play, Blackstone, Microsoft, and most recently Primary Venture Partners among others. His venture experience spans across 5 continents.

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Investment focus

  • Industry: B2B, Chemical, Delivery
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sabi Am — Sabi is Africa's largest B2B company, & we are digitising informal trade via our platform. We access markets hard to reach and ensure ease of distribution, & are the No 1 FCMG supplier in Africa.
  • Matta — Matta is a B2B platform offering a comprehensive, detailed marketplace for sourcing chemicals and materials efficiently and reliably
  • Loft Africa — Loft Africa is an innovative platform providing on-demand warehousing storage, fulfillment, last-mile delivery, and freight solutions.
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P1 Ventures
VC Fund · San Francisco, California, United States · 2 investments in Africa B2B startups

P1 Ventures works as a venture capital firm. They specialize in early-stage industrial technology firms in Africa.

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Investment focus

  • Industry: Financial Services, Software, Payments
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Egypt, Kenya, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $1.3M–$5M; Pre-Seed $400k–$3M; Series B $7.5M–$40M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Root — Launch digital and embedded insurance solutions with omni-channel distribution.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • Reliance Health — Reliance Health Global. Improve the lives of your staff with innovative company healthcare benefits fit for any business. You can rely on us.
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MNF Ventures
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa B2B startups

MNF Ventures is a venture capital fund based in Morocco, investing in Seed, Pre-Series A and Series A startups. Tickets size can go up to USD 1M. We invest in tech startups operating in Fintech/Insurtech, EdTech, Regtech, HealthTech, Biotech, EnergyTech Cybersecurity, SaaS... Startups have either to be based in Morocco, or be based worldwideif at least one of the founders is a Moroccan citizen. MNF Ventures manages Maroc Numeric Fund and Maroc Numeric Fund II.

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Investment focus

  • Industry: Online Portals, FinTech, Enterprise Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Morocco, France, Canada

Investor stats

  • Total investments: 32
  • Round size: Seed $200k–$1.6M; Series A $250k–$700k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2018

Portfolio highlights

  • Damanesign — Damanesign operates as a digital trust solutions startup. Damanesign is a startup that is seizing new legislation opportunities on digital trust in Morocco to provide users with the utmost safety in documentation.
  • Atlan Space — Building Artificial Intelligence to autonomously pilot any fixed wing drone, to monitor and take measures over very large areas
  • OnePay — OnePay is a fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions.
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Voltron Capital
VC Fund · 2 investments in Africa B2B startups

On a mission to back the most extraordinary entrepreneurs out of Africa solving important problems in large markets.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United States, Senegal

Investor stats

  • Total investments: 52
  • Round size: Seed $1M–$3M; Pre-Seed $195k–$2M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Allawee — Allawee is a corporate credit card with a credit line to help you spend smarter. We give you high credit limits, attractive cashback rewards and advanced spend management tools.
  • Raenest — Access Virtual Accounts, Invoicing, Multi-Currency Payouts, Auto Payroll, Accounting Integrations, and Virtual & Physical cards within minutes.
  • Woodcore Inc — Woodcore is a Cloud Enabled Core Banking System for Banks, Micro Financial Institutions and Neo Banks primarily for emerging markets. We provide them with the Core banking system to digitise their existing process from using excel or any manual ways of offering banking service and then provide them with the merchant payment platform which allowsthem to be technology ready for integrations from third parties.
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Aruwa Capital
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa B2B startups

Aruwa Capital Management is a Lagos-based, female-founded and led growth equity impact fund.

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Investment focus

  • Industry: Retail, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: Nigeria, United States, France

Investor stats

  • Total investments: 21
  • Round size: Seed $100k–$3M; Series A $11M–$20M
  • Lead/follow: 81% lead, 19% follow
  • Last fund: Likely still investing — raised $20M in 2022

Portfolio highlights

  • Taeillo — Taeillo is a Furniture and Lifestyle Brand. We design and manufacture Furniture using local resources available with both local and modern technology to create premium furniture pieces with 99% Local content.
  • Koolboks — Koolboks: solar-powered, financially accessible fridges with an integrated pay-as-you-go platform dedicated to making cooling accessible to all of Sub-Saharan Africa. Get a Koolboks refrigerator for as little as 25k Naira down payment today!
  • Sika — Sika Box offers a comprehensive solution for global payment processing, focusing on bridging the payment divide between global enterprises and emerging markets. Utilizing blockchain and modern technologies, Sika Box re-engineers the payment process from customer acquisition to settlement. The platform enables merchants to offer alternate and localpayment options, facilitating seamless transactions. With a unified payment infrastructure named STASH, Sika Box allows merchants to consolidate payments from across the globe through a single payment gateway integration, simplifying the global commerce landscape for businesses.
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Haskè Ventures
VC Fund · Dakar, Dakar, Senegal · 2 investments in Africa B2B startups

Haskè Ventures is a venture builder based in Dakar and focused on transforming the startup landscape.

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Investment focus

  • Industry: B2B, Retail, Banking
  • Stage:Seed, Pre-Seed
  • Geography: Senegal

Investor stats

  • Total investments: 6
  • Round size: Seed $500k–$700k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Génimi — Génimi is a mobile first platform that streamlines tutoring services to assist students in francophone africa.
  • ProXalys INC — ProXalys is an african digital bank or neobank for the financial inclusion and empowerment of african women (entrepreneurs and self-employed entrepreneurs, startups, SMEs, and startups).
  • ProXalys — BENGKULUTOTO Adalah Platform game online terbaik dan terpercaya di Indonesia. Nikmati pengalaman bermain seru, aman, dengan berbagai pilihan hiburan berkualitas tinggi kapan saja!
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Waarde Capital
VC Fund · Moscow, Moscow City, Russian Federation · 2 investments in Africa B2B startups

Waarde Capital is an investment company founded by entrepreneurs for entrepreneurs. As such, they are well positioned to identify and support best companies with strong entrepreneurs.With three active funds under management, including LBO, growth equity, and venture fund, it invests practically on every stage of the business lifecycle, and do itglobally. Waarde invests in Europe, US, Israel, Russia, and Southeast Asia.Waarde Capital brings funding and assists in the strategic development of portfolio companies and, if necessary, offers debt financing that may significantly increase the value of the co-owned equity.Waarde Capital invests in Russia, Europe and the USA.Waarde Capital’s management team brings about 150 years of accumulated business experience of it's partners in Russia and other countries. Managing partners are skilled entrepreneurs who became professional investors.

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Investment focus

  • Industry: Software, B2B, SaaS
  • Stage:Convertible Note, Seed
  • Geography: Israel, Nigeria, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $2M–$5M; Convertible Note $6M–$20M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Gauzy — Smart glass technology developed by Gauzy allows glass to change from transparent to varying degrees of opaque on demand.
  • Dot
  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
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Witamax
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa B2B startups

Witamax is Startup investment firm managed by WITA Ventures. As the first club-deal-focused and family office-backed VC in the country, it operates with a "smart capital" approach filling a niche by blending private investment and strategic advisory to early-stage startups. Witamax focuses on seed and pre-seed rounds, making it one ofthe primary players supporting Moroccan startups at their earliest stages, especially those with potential for regional or international expansion.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Morocco, France

Investor stats

  • Total investments: 12
  • Round size: Seed $204k–$2.3M; Pre-Seed $220k–$600k
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • ENAKL — Enakl, is a tech mobility company providing bus sharing solutions for commute rides in Africa. Our technology allows us to collect data to predict demand for commute rides, pool users per destination and create routes that will be operated by professional drivers. Our innovative business model enables affordable pricing, promoting socialinclusion. By offering flexible, safe and convenient transport options, Enakl is helping to solve the problems of congestion and access to transport in Africa.
  • ZSystems — ZSystems is a transformative super app designed to redefine B2B trade.
  • ORA Technologies — E-Commerce, Super App
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Oui Capital
VC Fund · Belmont, Massachusetts, United States · 2 investments in Africa B2B startups

Oui Capital is an Africa-focused VC firm backing tech-enabled businesses at the pre-seed & seed stage.

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Investment focus

  • Industry: Transportation, Financial Services, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 29
  • Round size: Seed $200k–$4.9M; Pre-Seed $40k–$1.3M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Cauridor — Cauridor is a Financial Services company.
  • Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans
  • Herconomy (Ex AGS Tribe) — Herconomy is a platform that allows women build their finances, capacity, collaborate and access opportunities.
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Michael Lahyani
Angel · Dubai, Dubai, United Arab Emirates · 2 investments in Africa B2B startups

Michael Lahyani is based out of Dubai, Dubai, and is the CEO and Founder of Property Finder. Michael Lahyani attended HEC Lausanne.

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Investment focus

  • Industry: B2B, SaaS, Beauty
  • Stage:Seed, Series A, Series B
  • Geography: Egypt, Morocco, Colombia

Investor stats

  • Total investments: 8
  • Round size: Seed $5M–$5.1M; Series B $42M–$42M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Swvl — Swvl | Book Your Daily Ride or Make Money Driving Now
  • Aptuno — Aptuno - Busco apartamento o casa en arriendo
  • Fresha — Find the best salons and spa in your area with Fresha salon booking software. Book now!
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216 Capital
VC Fund · Tunis, Tunis, Tunisia · 2 investments in Africa B2B startups

Our DNA is rooted in a passionate belief in the potential of Africa, a relentless drive for innovation, and an unwavering commitment to impact. We are not just investors; we are builders of a better future, one investment at a time.

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Investment focus

  • Industry: B2B, SaaS, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Tunisia, France, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $336k–$1.5M; Pre-Seed $161k–$1M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Eyst Technology — EYST provides a technological solution against insurance fraud. The company is based in Puteaux, France.
  • Addvocate.ai — Addvocate is an AI-powered B2B sales intelligence platform that transforms sales team performance by providing actionable, predictive insights and unified data to improve every stage of the sales cycle. Addvocate addresses common sales inefficiencies—such as poor preparation, missed opportunities, and reactive processes—by delivering AI-drivenrecommendations and proactive guidance tailored to each prospect and every phase of the sales journey. The platform consolidates data from over 30 sources, including CRM systems, sales intelligence tools, call analytics, emails, and customer feedback, into a single interface.
  • Talenteo Inc. — Talenteo is an innovative SaaS solution for HR and payroll management, designed to simplify and automate company processes with an intuitive, AI-powered approach. It empowers SMEs and mid-market companies to streamline employee management, payroll, time tracking, and talent development. Talenteo enhances operational efficiency, minimizesadministrative errors, and enables businesses to focus on growth.
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Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 1 investments in Africa B2B startups

Seed round investment in frontier markets and clean energy

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: United States, Kenya, Zambia

Investor stats

  • Total investments: 68
  • Lead/follow: no public data

Portfolio highlights

  • Grapevine — Grapevine makes it possible for groups to invite members, collect and distribute donations, establish a community and connect with nonprofits.
  • Untapped Global — Untapped connects global investors, and foreign capital to opportunities in emerging markets. Delivering competitive returns, and measurable impact for global investors.
  • Necessary Ventures — Necessary Ventures focuses on investing in what the world needs. They work with the founders to build the most scalable solutions.
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Presight Capital
VC Fund · Los Angeles, California, United States · 1 investments in Africa B2B startups

Presight is a global venture capital firm investing at the intersection of Wall Street, Silicon Valley, and Hollywood. Based in Los Angeles, CA, we manage over $600M in assets across two early-stage funds. We were founded in 2019 in partnership with Apeiron Investment Group, the multi-billion dollar private investment firm of Christian Angermayer, a serial entrepreneur in technology, fintech, blockchain/crypto, and life sciences.

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Investment focus

  • Industry: Biotechnology, Health Care, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 98
  • Lead/follow: no public data

Portfolio highlights

  • Duetti — Duetti acquires music catalogs from independent artists a-la-carte with transparent, data-driven deals. Fund your career and breathe new life into tracks with uniquely intelligent marketing. Partner with us one track at a time, or even just a percentage of one.
  • Transmutex SA — Producing clean energy from nuclear waste is the challenge Transmutex is taking on. Based on experimentaly validated science from CERN in Geneva.
  • Parker — Banking, Credit, & Financial Analytics for the Best Ecommerce Brands.
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SBI Investment
VC Fund · Minato, Chiba, Japan · 1 investments in Africa B2B startups, 23 in the past 12 months

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a "new industry creator".SBIInvestment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

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Investment focus

  • Industry: Information Technology, Financial Services, Software
  • Stage:Series B, Series A
  • Geography: Japan, South Korea, United States

Investor stats

  • Total investments: 258
  • Lead/follow: no public data

Portfolio highlights

  • MODE — MODE offers customized solutions to unleash the power of real-world data for your business.
  • Xaion Data — Xaion Data is an IT consulting firm concerned about implementation of AI technology in various business areas.
  • Pliant — Pliant makes the latest generation of corporate credit cards that adapt perfectly to business processes and needs.
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Fedgroup
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in Africa B2B startups

Fedgroup is an independent investment and insurance company investing in smart technology and provides employee benefits and investment plans. Their in-house administration systems respond to their clients needs efficiently and effectively that drives down the cost of their products. The company's investment is backed up by participation bondsthat make it secure. Through their finance structure, the company facilitates the ownership of commercial property for business owners or investors who wish to diversify their portfolios.Fedgroup was founded in 1990 and is headquartered in Johannesburg, South Africa.

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Investment focus

  • Industry: B2B, Insurance, Financial Services
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • LeaseSurance — LeaseSurance provides lease protection and eliminates property rental deposits. It employs financial technology to optimize assets in rental real estate by substituting lease insurance for security deposits. The platform provides rental real estate owners and operators with a comprehensive B2B solution, including a data-driven risk engine and dataplatform to enhance operational income and optimize portfolio performance.
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DNA Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Africa B2B startups

DNA Capital is an investment partnership specializing in multi-stage investments in the healthcare sector.

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Investment focus

  • Industry: Health Care, Medical, Wellness
  • Stage:Seed, Series A, Series B
  • Geography: United States, Brazil, China

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • Piwi — Hi there, we are Piwi®. Like a broker, only easier. We didn’t create the company because we were in love with the market. It was exactly the opposite. With an easy to use and intuitive digital benefit managing platform we replaced the old school brokerage changing the way in which companies research, buy and manage their health plans and benefits.That’s evolution coming around!
  • Reema Health — Transforming the way people navigate the gaps between health care and social care. Reema combines a 24/7 AI-based confidant with in-person community guides to help people meet their social needs.
  • Sanar — 26K Followers, 709 Following, 489 Posts - See Instagram photos and videos from Sanar (@sanar)
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Flexport
VC Fund · San Francisco, California, United States · 1 investments in Africa B2B startups

Cut costs, automate workflows, reliably move goods, go carbon-neutral, and improve your supply chain from end to end. It all starts here.

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Investment focus

  • Industry: Logistics, Software, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: United States, Nigeria, Pakistan

Investor stats

  • Total investments: 56
  • Lead/follow: no public data

Portfolio highlights

  • Rybit — A leading technology platform that connects the last mile delivery industry, optimizing and simplifying day-to-day delivery operations.
  • Natilus — Natilus is a large scale drone manufacturing company. The company specializes in the manufacturing of Boeing 747 sized drones which provides inter-continental cargo delivery services and helps in reducing air freight costs. Natilus was founded by LZ Zhang, Anatoly Starikov and Aleksey Matyushev in 2016.First flight of their 2200 lbs / 30 ftdrone is scheduled for Summer 2018. At the end of 2018, Natilus completed a flight test of their 2200 lbs prototype.The first production vehicle scheduled for 2020 customer delivery underwent wind tunnel testing in April, 2019. Natilus currently holds an aircraft order book rumored to be in excess of $1B+.
  • FrontEdge — Front Edge is a financial technology provider. They provide technology tools to manage every trade transaction in emerging markets.
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