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Top 30 Biotechnology VC Funds & Investors in Africa (June 2026)

The most active venture capital funds investing in Africa Biotechnology startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa Biotechnology startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
GreenTec Capital Partners
VC Fund
2 Kenya, Nigeria, Morocco Seed, Pre-Seed Information Technology, Retail, Computer $50k–$1M
Cult Food Science
VC Fund
2 United States, South Africa, Canada Seed, Pre-Seed Food and Beverage, Biotechnology, Food Processing $275k–$12M
LoftyInc Capital
VC Fund
2 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
Novastar Ventures
VC Fund
2 Kenya, Nigeria, United States Series A, Series B Agriculture, Health Care, Internet $1.7M–$42M
U.S. International Development Finance Corp
VC Fund
2 India, United States, Kenya Debt Financing, Post-IPO Debt Financial Services, Finance, Banking $5M–$500M
Futuregrowth Asset Management
VC Fund
2 South Africa, France, United States Seed, Series B Software, Transportation, Financial Services $1.9M–$16M
Anonymous Trust
VC Fund
1 United States, South Africa, United Kingdom Pre-Seed, Series A, Seed Software, Computer, Internet $25k–$2M
iLabAfrica
VC Fund
1 Kenya Seed Agriculture, Biotechnology
Kale United
VC Fund
1 Sweden, United Kingdom, Canada Seed, Pre-Seed Food and Beverage, Biotechnology, Food Processing $100k–$2.5M
HAVAÍC
VC Fund
1 South Africa, United States, Kenya Seed, Series A Software, Health Care, FinTech $57k–$15M
AAIC Investment
VC Fund
1 Kenya, Egypt, Nigeria Series A, Seed, Series B Health Care, Medical, E-Commerce $450k–$794M
ShEquity
VC Fund
1 Nigeria Seed FinTech, Finance, Ride Sharing
Mylkcubator
VC Fund
1
University Technology Fund
VC Fund
1 South Africa Seed, Grant Biotechnology, AgTech, Medical $500k–$5M
Ministry of programming
VC Fund
1 Sweden, South Africa Pre-Seed Biotechnology
Twynam Agricultural Group
VC Fund
1 United States, Australia, India Series A, Seed, Pre-Seed Biotechnology, Agriculture, Energy $708k–$33M
Opes Impact Fund
VC Fund
1 Italy, Kenya, India Seed, Series A Communities, Agriculture, Energy $219k–$910k
Launch Africa
VC Fund
1 Nigeria, South Africa, United States Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$4M
Oak Drive ventures
VC Fund
1 Philippines, France, South Africa Seed, Series B, Series A CRM, Banking, FinTech $5.3M–$6.5M
E4EAfrica
VC Fund
1 South Africa, The Netherlands, France Seed, Pre-Seed, Series A Logistics, Internet, Supply Chain Management $238k–$8M
Tencent
VC Fund
1 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3.5M–$400M
DEG
VC Fund
1 India, South Africa, Ghana Debt Financing, Grant Financial Services, FinTech, E-Commerce $100k–$33M
Unruly Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed Biotechnology, CleanTech, Manufacturing
V8 Capital Partners
VC Fund
1 Nigeria, Kenya, Ghana Seed, Series A, Pre-Seed Information Technology, Software, Health Care $2M–$20M
University of Cape Town
VC Fund
1 South Africa Seed AgTech, Aquaculture, Biotechnology
Sustainable Food Ventures
VC Fund
1 United States, India, Germany Pre-Seed, Seed, Angel Food and Beverage, Biotechnology, Food Processing $100k–$4M
VestedWorld
VC Fund
1 Nigeria, Kenya, Ghana Seed, Series A, Series B Agriculture, Farming, E-Commerce $1.6M–$20M
Finnfund
VC Fund
1 Kenya, India, South Africa Debt Financing, Series B Financial Services, Energy, FinTech $2.7M–$99M
KFW DEG
VC Fund
1 India, Kenya, United States Debt Financing, Grant Financial Services, Energy, FinTech $100k–$350M
Africa50
VC Fund
1 Kenya, Morocco, Egypt Private Equity, Series A Transportation, Education, Infrastructure
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Africa Biotechnology startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Information Technology, Retail, Computer
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Nigeria, Morocco

Investor stats

  • Total investments: 24
  • Round size: Pre-Seed $50k–$1M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: May invest from a new fund soon — raised $1.2M in 2017

Portfolio highlights

  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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Cult Food Science
VC Fund · 2 investments in Africa Biotechnology startups

CULT Food Science is an investment company focused on supporting and advancing the technology behind the future of food.

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Investment focus

  • Industry: Food and Beverage, Biotechnology, Food Processing
  • Stage:Seed, Pre-Seed
  • Geography: United States, South Africa, Canada

Investor stats

  • Total investments: 23
  • Round size: Seed $300k–$12M; Pre-Seed $275k–$2.4M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • Novel Farms — Novel Farms uses microbial fermentation to develop cruelty-free, inexpensive and tunable bioscaffolds for the production of cell-based meat products. Novel Farms mission is to craft the taste and texture of the gourmet meats and transform cell-based meat consumption into a sought-after culinary experience for the next generation of consciouseaters.
  • Minus — A sustainable coffee alternative, combining the taste, look, and smell of coffee with a smaller footprint to ensure a brighter future for coffee and the planet.
  • Unicorn Biotechnologies — Unicorn Biotechnologies is developing a fully automated manufacturing platform to enable cellular agriculture producers to seamlessly scale products from the lab bench to supermarket shelves. Our full stack platform combines hardware, software and analytics to completely automate cellular agriculture manufacturing, reducing costs and increasingproduct quality. By providing a clear path to scale cellular agriculture from grams to tons, we will improve human and planetary health and drive the transition to animal free agriculture.
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LoftyInc Capital
VC Fund · Carmel, California, United States · 2 investments in Africa Biotechnology 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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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Africa Biotechnology startups

For the many, not just the few. For good.

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Investment focus

  • Industry: Agriculture, Health Care, Internet
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 59
  • Round size: Series A $1.7M–$13M; Series B $3.5M–$42M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $108M in 2020

Portfolio highlights

  • Soko — SOKO produces innovative, ethical jewelry and accessories from sustainable materials in Nairobi, Kenya
  • Komaza — Komaza is a tech-driven sustainable forestry company revolutionizing the wood industry in Africa with its farmer platform. It combines technology, training, and service to create a new sustainable wood supply for Africa at an 80% cost disruption over traditional plantations. The company was founded in 2006 by Tevis Howard.
  • Sanergy — The Sanergy Collaborative is a partnership of 3 independent companies, who are united by a common vision. Explore more about our vision here!
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 2 investments in Africa Biotechnology startups

U.S. International Development Finance Corp is America’s development bank.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 90
  • Round size: Post-IPO Debt $50M–$500M; Debt Financing $5M–$410M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — raised $300M in 2024

Portfolio highlights

  • Kodak — A global technology company providing industry-leading products and services for commercial print, packaging, publishing, manufacturing and entertainment.
  • Bayport Management — Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.
  • Freshtohome — Freshtohome is an online grocery store that sells a range of seafood and meat to its users.The website’s range of products include fish, poultry, mutton, steaks, and fillet. Fish consists of shell, freshwater, and marine. Furthermore, it enables suppliers to supply their seafood and meat to the website.Freshtohome was launched in 2015 by ShanKadavil and is based in Bangalore.
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Futuregrowth Asset Management
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Africa Biotechnology startups

Futuregrowth manages the full range of fixed interest and developmental impact funds on behalf of our clients. We are committed to managing and investing our clients' funds in a responsible manner.

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Investment focus

  • Industry: Software, Transportation, Financial Services
  • Stage:Seed, Series B
  • Geography: South Africa, France, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $1.9M–$5.3M; Series B $3.8M–$16M
  • Lead/follow: 72% lead, 28% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Flow — Flow enables automated social media advertising for the real estate industry, providing high volumes of quality property leads and brand building.
  • hearX Group — hearX is an award-winning start-up with the mission of providing affordable access to hearing healthcare using smart digital solutions. With a strong research and engineering background, we aim to democratize and decentralize hearing care, obliterating the traditional audiology model and market, which was never built to scale, instead providinghearing care to millions by leveraging our smart tech, big data and artificial intelligence expertise.The hearX Group four categories of solutions: Lead Generation and Remote Care solutions, Clinical solutions, Preventative Solutions as well as Direct to Consumer intervention solutions.We have had more than 1 000 000 tests and screenings done using our products across 39 countries. Our innovative solutions are as accurate, but faster, cheaper and easier to use than traditional methods. We pride ourselves in offering a fully managed service, providing an entirely new way to overcome traditional barriers to the detection and diagnosis of disabling hearing loss.
  • Inseco — Sustainable insect protein producers, converting organic by-products into nutritious protein. This high in protein product is used in animal feed, pet food, crop production, cosmetics and pharmaceuticals.
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Anonymous Trust
VC Fund · San Francisco, California, United States · 1 investments in Africa Biotechnology startups

Trust

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Investment focus

  • Industry: Software, Computer, Internet
  • Stage:Pre-Seed, Series A, Seed
  • Geography: United States, South Africa, United Kingdom

Investor stats

  • Total investments: 8
  • Round size: Seed $393k–$720k; Pre-Seed $25k–$2M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • The Index — The Index is a platform of cutting-edge technology used by clients in the fashion and retail industry to grow their companies and enhance their digital footprints
  • De Novo Foodlabs — Producing non-animal dairy proteins using precision fermentation
  • Smart Separations — Smart Separations is a limited company based in London UK that has patented an innovative microfiltration technology to produce ceramic filters with self-assembled controllable pores of uniform size in the range between <1 and 50µm. This tight pore size control and range availability will revolutionise the field of MF with a cost-effectiveproduct.It aims to be the world’s leader in MF and particle separations technology – filling the void gap that exists in the market nowadays.
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iLabAfrica
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Africa Biotechnology startups

Research Centre under the Fac­ulty of Inform­a­tion Tech­no­logy at Strath­more Uni­ver­sity, @iLabAfrica was estab­lished in Janu­ary 2011 to spear­head research, innov­a­tion and entre­pren­eur­ship in the ICT for Devel­op­ment (ICT4D) eco­sys­tem towards the attain­ment of the UNDP Mil­len­nium Devel­op­ment Goals (MDGs) and Kenya’s Vis­ion2030. They recog­nise that the spread of ICT tech­no­lo­gies in devel­op­ing coun­tries remains pain­fully slow; con­demning a large frac­tion of Africa’s pop­u­la­tion to poverty, under­nour­ish­ment, dis­ease and dis­em­power­ment. They also recog­nise that this situ­ation is improv­ing in some coun­tries as a res­ult of the phe­nom­enal growth of the mobile tele­phony ser­vices. This improve­ment in data access and con­nectiv­ity has cre­ated a wealth of oppor­tun­it­ies for entre­pren­eurs to engage in mobile-​based ser­vices deliv­ery business.

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Investment focus

  • Industry: Agriculture, Biotechnology
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arbres Biotech — Arbres Biotech focuses on supplying seedlings of various plants to nurseries.
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Kale United
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Africa Biotechnology startups

Kale United offers a portfolio of over 75+ plant-based game changers

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Investment focus

  • Industry: Food and Beverage, Biotechnology, Food Processing
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, United Kingdom, Canada

Investor stats

  • Total investments: 23
  • Round size: Seed $360k–$2.5M; Pre-Seed $100k–$2M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
  • Hooked Foods — Leading the transition to a harmless seafood system by serving healthy vegan seafood for everybody to truly enjoy.
  • Cultimate Foods — At Cultimate, we are transforming the flavor and aroma industry with natural innovative ingredients.
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HAVAÍC
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Africa Biotechnology startups

HAVAÍC is an investment and advisory firm that specialises in early-stage, high-growth African businesses with proven concepts and global prospects, offering investment opportunities to sophisticated investors and international venture capital companies with an interest in Africa. As a complementary offering, HAVAÍC provides corporate advisory andcapital raising services to emerging, internationally scalable businesses.

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Investment focus

  • Industry: Software, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: South Africa, United States, Kenya

Investor stats

  • Total investments: 43
  • Round size: Seed $57k–$4M; Series A $1.9M–$15M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • MPost — MPost means Mobile Post office.It enables any mobile phone user to have his or her phone act like a mobile post office. It allows you to make your mobile number be a formal postal address. With it, you get access to Postal Services through your mobile phone.
  • RecoMed — Find the best doctors and dentists. Search by location or by speciality, and find the right doctor for you.
  • AURA — A South African cloud-based security and safety startup .
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Access 48,091 investors

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

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AAIC Investment
VC Fund · Singapore, Central Region, Singapore · 1 investments in Africa Biotechnology startups

We will continue to invest and support the growth of innovative companies towards sustainable economic growth and solving social issues.

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Investment focus

  • Industry: Health Care, Medical, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Kenya, Egypt, Nigeria

Investor stats

  • Total investments: 24
  • Round size: Seed $450k–$12M; Series A $3M–$794M; Series B $16M–$40M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Aumet — Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests.
  • Mydawa — MYDAWA is here to ensure that every Kenyan can get quality, secure and affordable medicine and wellness products online
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
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ShEquity
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Africa Biotechnology startups

ShEquity is to provide smart and sustainable investments for African female entrepreneurs and innovators.

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Investment focus

  • Industry: FinTech, Finance, Ride Sharing
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Owoafara — Financial Technology providing access to loans, savings and insurance for the underbanked
  • Shuttlers — Commute better with Shuttlers. Join 100k+ professionals using our safe, affordable bus sharing, vehicle rental, and employee transport services across Nigeria.
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Mylkcubator
VC Fund · 1 investments in Africa Biotechnology startups

Investor stats

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

Portfolio highlights

  • De Novo Foodlabs — Producing non-animal dairy proteins using precision fermentation
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University Technology Fund
VC Fund · Stellenbosch, NA - South Africa, South Africa · 1 investments in Africa Biotechnology startups

The University Technology Fund specifically focusses on commercialising technology, intellectual property, and research - Visit Us!

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Investment focus

  • Industry: Biotechnology, AgTech, Medical
  • Stage:Seed, Grant
  • Geography: South Africa

Investor stats

  • Total investments: 5
  • Round size: Seed $500k–$5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • CubeSpace — Industry-leading modular attitude determination and control (ADCS) products and solutions. Laser-focused on our customers' success. Your global ADCS partner.
  • Happy Pay — Happy Pay is a credit scoring system developing company. The company integrates an autonomous artificial intelligence technology system with the merchant's platform to increase their average basket size and customer conversion metrics, providing users with buy now, and pay later services.
  • MariHealth Solutions (RF) (PTY) LTD — Proteomics-powered analytics for aquaculture. We quantify 3,000+ proteins per sample to deliver deep biological insights for fish health, nutrition, and farming.
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Ministry of programming
VC Fund · Sarajevo, Federation of Bosnia and Herzegovina, Bosnia and Herzegovina · 1 investments in Africa Biotechnology startups

Build and scale world-class digital products with Ministry of Programming.

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Investment focus

  • Industry: Biotechnology
  • Stage:Pre-Seed
  • Geography: Sweden, South Africa

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BioCertica — BioCertica combines advanced genomics technology to interpret your DNA and provide recommendations to unlock a healthy lifestyle.
  • Nordic Angels — Join Nordic Angels, the largest investor network in the Nordics, to collaborate, connect, and strengthen the startup ecosystem through exclusive events and resources.
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Twynam Agricultural Group
VC Fund · Sydney, New South Wales, Australia · 1 investments in Africa Biotechnology startups

Twynam Group is a leading Australian Funds Manager investing in early-stage climate tech. We also operate an agricultural and property portfolio.

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Investment focus

  • Industry: Biotechnology, Agriculture, Energy
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 36
  • Round size: Seed $708k–$10M; Pre-Seed $1M–$1.9M; Series A $3.4M–$33M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Enmovil — Enmovil delivers a Business Intelligence Platform driven by a connected asset ecosystem that enables organizations to maximise their operational efficiency. Enmovil's platform, which is a combination of front-end software running analytical and machine learning algorithms, combined with its indigenous hardware "satellites"​ deployedin the field, deliver the intelligence to the management that enables them to understand the utilisation model of their resources.
  • Lana — Lana offers a fintech platform designed to help companies secure funding for projects that reduce carbon emissions. It connects businesses with financial capital to support decarbonization efforts through loan underwriting and capital structuring. The platform supports both small and large enterprises by simplifying the process of financingsustainable energy initiatives. It also helps reduce the time and cost associated with corporate decarbonization.
  • Plasmaleap
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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 1 investments in Africa Biotechnology startups

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

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Investment focus

  • Industry: Communities, Agriculture, Energy
  • Stage:Seed, Series A
  • Geography: Italy, Kenya, India

Investor stats

  • Total investments: 43
  • Round size: Seed $219k–$910k
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Refolo — Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again.
  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Africa Biotechnology 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: 162
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.7M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Fixit45 — Fixit45 also provides fleet management, auto parts sourcing and delivery, auto care, refurbishment and upgrades, repair financing, and mechanic workshop software as well as pre-purchase inspections, underlying these with moderation for compliance and accountability.
  • Gigmile — Gigmile provides financial services. They provide gig workers with core services and an affordable lease on productive assets that is tailored to their earnings to enable them to succeed in the mobility industry as entrepreneurs.
  • HomecomingEx — Homecoming Revolution is a pan-African recruitment firm for global African professionals. We specialise in headhunting & placing global African talent.
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Oak Drive ventures
VC Fund · Fort Bonifacio, Quezon City, Philippines · 1 investments in Africa Biotechnology startups

Oak Drive ventures will provide management support to a growing stable of operating companies. It combines decades of operational and investment experience to create value across various industries.

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Investment focus

  • Industry: CRM, Banking, FinTech
  • Stage:Seed, Series B, Series A
  • Geography: Philippines, France, South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $5.3M–$6.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hive Health — Hive Health is a digital platform that provides access to easy-to-use, affordable, and quality HMO plans for SMEs in the Philippines.
  • Inseco — Sustainable insect protein producers, converting organic by-products into nutritious protein. This high in protein product is used in animal feed, pet food, crop production, cosmetics and pharmaceuticals.
  • Netbank — Netbank provides various banking solutions like alternative lenders, payment solutions, neobanks, and wallets.
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E4EAfrica
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Africa Biotechnology 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: 19
  • Round size: Seed $238k–$8M; Pre-Seed $1M–$1M; Series A $1M–$4.6M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Shiprazor — Shiprazor is an innovative shipping aggregator that revolutionizes the logistics industry by providing seamless solutions for businesses.
  • 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.
  • Conservio — Discover and Book South Africa's best nature accommodations with Conservio. Book vetted accommodations, easy and safe to book online.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 1 investments in Africa Biotechnology startups

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 532
  • Round size: Series A $3.5M–$142M; Series B $15M–$200M; Series C $34M–$400M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Wattpad — Wattpad is a digital entertainment company providing an online social storytelling platform for original stories.The company utilizes the power of community and technology to enable the creation and distribution of content across a variety of formats. Its flagship app, Wattpad, is home to a community of more than 65 million people who spend over20 billion minutes a month engaged in original stories. Tap by Wattpad, the company’s second storytelling product, offers short, chat-based stories in over a dozen languages. Wattpad Studios co-produces stories for film, television, digital, and print, together with industry partners. Wattpad Brand Solutions offers a full suite of advertising products to help brands build deep engagement with Millennial and Gen Z consumers.It was established by Allen Lau and Ivan Yuen in Toronto, Ontario, Canada in 2006.
  • Academia.edu — Academia.edu is the largest and fastest-growing platform in the world for sharing academic research. Its mission is to accelerate and democratize academic research. Over 150 million academics have signed up to Academia.edu, adding 25 million papers. Over 100,000 people join Academia.edu each day. Academia.edu attracts over 52 million uniquevisitors a month. 40% of the world's faculty log in to Academia.edu every month. The company was founded in 2008 and is headquartered in San Francisco, California.
  • 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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DEG
VC Fund · Overland Park, Kansas, United States · 1 investments in Africa Biotechnology startups

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Debt Financing, Grant
  • Geography: India, South Africa, Ghana

Investor stats

  • Total investments: 25
  • Round size: Grant $100k–$800k; Debt Financing $6.5M–$33M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • SUN Energy — SUN Energy - Pengembang Proyek PLTS Terkemuka untuk Mendukung Perjalanan Keberlanjutan Perusahaan Anda.
  • Turnkey Lender — Turnkey Lender is a Commercial lending software that can improve efficiency and reduce costs for financial services companies.
  • Naked Insurance — The new way to cover your stuff: savings & convenience through AI. Naked Insurance offers online insurance for car, home and contents. Get a quote in 90 seconds!
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Unruly Capital
VC Fund · Italy, Texas, United States · 1 investments in Africa Biotechnology startups

Investing in the crazy before it becomes normal

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Investment focus

  • Industry: Biotechnology, CleanTech, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 49
  • Lead/follow: no public data

Portfolio highlights

  • Ephos — Designing and manufacturing glass-based integrated photonic circuits that power the most advanced classical and quantum devices
  • AtmoCooling — AtmoCooling transforms coastal deserts into thriving hubs of agriculture, clean energy, and climate resilience. It was founded in 2022 and operates in the USA and UAE.
  • Terran Robotics — Terran Robotics is a construction company that specializes in AI and robotics. The company's headquarters are in Bloomington, Indiana.
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V8 Capital Partners
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Africa Biotechnology startups

V8 Capital Partners makes investments in enterprise technology businesses across Africa. African Venture Capital for software automation

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, Kenya, Ghana

Investor stats

  • Total investments: 11
  • Round size: Seed $2M–$3M; Series A $10M–$20M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • 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.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
  • Yemaachi Biotechnology — Yemaachi Biotechnology uses cutting-edge immunogenomics, bioinformatics, and artificial intelligence to accelerate the development of cancer detection and cure strategies for lowering the economic burden of cancer.
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University of Cape Town
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Africa Biotechnology startups

University of Cape Town is a public research university that has previously been ranked as the top university in Africa. Originally established as South African College in 1829, where it was a school for boys, the College developed until in 1918 it was awarded full University Status with the power to award degrees. It is notable for itsresearch, particularly in Math, Applied Sciences and Medicine, as well as its history with political activism, especially during apartheid, where the University was a bastion for liberal progressivism and anti-apartheid demonstrations.

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Investment focus

  • Industry: AgTech, Aquaculture, Biotechnology
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MariHealth Solutions (RF) (PTY) LTD — Proteomics-powered analytics for aquaculture. We quantify 3,000+ proteins per sample to deliver deep biological insights for fish health, nutrition, and farming.
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Sustainable Food Ventures
VC Fund · Raleigh, North Carolina, United States · 1 investments in Africa Biotechnology startups

SFV backs globally early-stage founders building leading Future of Food companies that are: #Cell-based #Plant-based #Recombinant

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Investment focus

  • Industry: Food and Beverage, Biotechnology, Food Processing
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $845k–$4M; Pre-Seed $100k–$2.1M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • POW! Foods — Puta en gandia
  • Veggie Victory — VeggieVictory is Nigeria’s first plant-based food tech company bringing people a healthier and more sustainable lifestyle through plant-based meats and meals.
  • High Time Foods — High Time Foods provides shelf-stable and moldable plant-based meat alternatives to foodservice operators. Their first product is a plant-based chicken alternative that does not require refrigeration. The product is moldable and can be used in any cuisine as a substitute for chicken.
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VestedWorld
VC Fund · Chicago, Illinois, United States · 1 investments in Africa Biotechnology 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: 26
  • Round size: Seed $1.6M–$5.9M; Series A $2.5M–$4.4M; Series B $9M–$20M
  • Lead/follow: 27% lead, 73% 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.
  • Complete Farmer — Complete Farmer connects growers, buyers, and vendors with technology, support, and market access across Ghana and beyond.
  • 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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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Africa Biotechnology startups

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 66
  • Round size: Series B $5M–$41M; Debt Financing $2.7M–$99M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Amartha — Amartha Mikro Fintech - P2P Lending Indonesia. Alternatif investasi dengan modal terjangkau mulai 100Rb. Tedaftar OJK, Imbal hasil 15%* & Berdampak Sosial.
  • Mobisol — We transform lives through solar energy access. Our solar home systems and mini-grids benefit millions of people in Sub-Saharan Africa.
  • 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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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 1 investments in Africa Biotechnology startups

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Grant
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 105
  • Round size: Grant $100k–$1.1M; Debt Financing $10M–$350M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Oze — OZÉ brings African small businesses into the digital era. It is an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business education. If the entrepreneur needs a little extra support, an OZÉ Coach is just a click away. As they are usingOZÉ to manage their business and learn how to run it better, we are learning about them. Using this data and machine learning, we can predict their credit risk and provide them with affordable capital from our banking partners. With over 20,000 registered users, OZÉ is the largest online community of SMEs in Ghana. The most exciting thing is that OZÉ works; 97% of businesses that have used OZE for at least 9 months are growing or profitable or both!
  • Atome Energy — Atome Energy is the green hydrogen and ammonia project development company to create a greener, cleaner environment.
  • 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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Africa50
VC Fund · Casablanca, Grand Casablanca, Morocco · 1 investments in Africa Biotechnology startups

Africa50 is an infrastructure investment platform that contributes to Africa's growth by developing and investing in bankable projects, catalyzing public sec...

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Investment focus

  • Industry: Transportation, Education, Infrastructure
  • Stage:Private Equity, Series A
  • Geography: Kenya, Morocco, Egypt

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • PAIX — PAIX data centres is a Pan-African provider of cloud- and carrier-neutral colocation data centre services and is headquartered in Amsterdam, The Netherlands. PAIX is the acronym for “Pan African Internet Exchange data centres”. PAIX was founded in 2016 by a team of data centre, telecom industry and investment professionals with a track record inthe African market. In its data centre operations, PAIX aims to offer a leading global quality service level to its national and international customer base across the African continent.
  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Raya Data Center — Raya Data Center leads the area data services industry by empowering organizations with innovative digital solutions and superior customer service. It provides a wide range of services, including public and private cloud hosting, cybersecurity, managed services, business continuity support, and more, to clients in a variety of industries in theMiddle East and Africa.
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