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Top 10 Enterprise VC Funds & Investors in Zambia (September 2026)

The most active venture capital funds investing in Zambia Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Zambia Enterprise startup companies. Find investors to raise a Pre-Seed, Seed or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Ground Squirrel Ventures
VC Fund
5 United States, Kenya, Zambia Seed, Venture - Series Unknown, Series A Financial Services, FinTech, Finance $125k–$48M
Amano Capital
VC Fund
4 Zambia, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Software, Logistics, Agriculture
UNDP
VC Fund
2 South Africa, United States, Egypt Grant, Seed, Pre-Seed AgTech, E-Commerce, Agriculture $7k–$100k
Goneke Investment Group
VC Fund
2 Zambia Seed, Private Equity Energy, Oil and Gas, Project Management
Catalytic Africa
VC Fund
1 Zambia, Cameroon, Tanzania Angel, Seed, Pre-Seed Apps, Online Portals, Financial Services $22k–$2M
bettervest GmbH
VC Fund
1 Kenya, Zambia, Belgium Debt Financing, Venture - Series Unknown Social Entrepreneurship, Solar, Energy $100k–$1.4M
Zenga Ventures
VC Fund
1 Zambia Seed Apps, Software, Business Information Systems
Twilio
VC Fund
1 United States, Egypt, Brazil Series A, Seed, Series B Artificial Intelligence, Software, Machine Learning $195k–$40M
Growth Investment Partners
VC Fund
1 Ghana, Zambia Debt Financing, Private Equity Mining, Farming, Mineral
Adanian Labs
VC Fund
1 Kenya Seed, Pre-Seed Developer Platform, Financial Services, Gaming $60k–$100k
Access all 22 VC funds in Zambia Enterprise startups.

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Investor list

Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 5 investments in Zambia Enterprise startups

Seed round investment in frontier markets and clean energy

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Investment focus

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

Investor stats

  • Total investments: 71
  • Round size: Seed $400k–$3M; Series A $1.8M–$5M; Venture - Series Unknown $125k–$48M
  • Lead/follow: 8% lead, 92% follow

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 — We invest in what the world needs.
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Amano Capital
VC Fund · Lusaka, NA - Zambia, Zambia · 4 investments in Zambia Enterprise startups

An advisory-brokerage firm that bridges the gap between opportunity and capital in the SME market in Zambia.

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Investment focus

  • Industry: Software, Logistics, Agriculture
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Zambia, South Africa, United States

Investor stats

  • Total investments: 12
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • EduPay — Edupay provides affordable education loans with flexible repayment, ensuring uninterrupted learning.
  • Explorer School — Explorer School is an online primary and secondary school that offers educational programs.
  • Likota Furniture — Proudly Zambian business specialized in handcrafted, sustainable furniture.
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UNDP
VC Fund · New York, New York, United States · 2 investments in Zambia Enterprise startups

UNDP works to eradicate poverty and reduce inequalities through the sustainable development of nations, in more than 170 countries and territories.

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Investment focus

  • Industry: AgTech, E-Commerce, Agriculture
  • Stage:Grant, Seed, Pre-Seed
  • Geography: South Africa, United States, Egypt

Investor stats

  • Total investments: 17
  • Round size: Grant $25k–$100k; Pre-Seed $7k–$40k
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Amanleek — Amanleek, aims to simplify insurance services and make it more accessible for a wider base of individual and business customers through leveraging transparency, trust and innovation to deliver an enhanced experience for all parties involved through tech based solutions.
  • Medtech Africa — Medtech Africa is a Nigerian-based startup leveraging Artificial Intelligence and Apps to enable Cardiologists to treat and manage patients living with Cardiovascular Disease using the Patient's own data.The App, Forcardio, is a smart mobile & web application that seamlessly connects FDA-approved Bluetooth-enabled Cardiovascular devicesused by Patients through a mobile app to physician's tablet/device.Forcardio, eliminates the need for Cardiologists to use hundreds of apps to manage CVD. Forcardio App connects all CVD devices.We provide features such as AI analytics and Planning tools for Patient data for Cardiologist, emergency warning systems, on-demand video/voice call and management tools for CVD Patients.
  • Riwe — Grow. Get covered. Get paid. *347*820#
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Goneke Investment Group
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in Zambia Enterprise startups

Pioneering a century-long initiative to finance, build, and secure the critical industries that define national strength.

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Investment focus

  • Industry: Energy, Oil and Gas, Project Management
  • Stage:Seed, Private Equity
  • Geography: Zambia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Saharan Oil & Gas Company — Saharan Oil & Gas Company Limited (formerly Hume Energy) is a conglomerate of project managers that provide energy solutions in Sub-Saharan Africa. Through our global network of partners we develop and apply Next Generation Technologies to help safely and responsibly address Africa’s growing energy deficit. Energy access influences comfort,safety, security, and human progress, touching every aspect of our lives. SOGCOL aims to evolve from a regional marketer to an advanced energy innovator and a global energy solutions provider. We aspire to be an industry leader in all aspects of energy production, transportation, distribution, and marketing. Our operations encompass identifying energy projects and facilitation of financing from research and development to promotion, marketing, and execution.
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Catalytic Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Zambia Enterprise startups

Co-matching fund platform supporting startups and angel networks across Africa.

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Investment focus

  • Industry: Apps, Online Portals, Financial Services
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Zambia, Cameroon, Tanzania

Investor stats

  • Total investments: 22
  • Round size: Seed $65k–$2M; Angel $22k–$90k; Pre-Seed $60k–$1.5M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Figorr — Figorr is your go-to, for accessing reliable information on temperature, humidity, and location. Experience the next generation of data-driven insights with Figorr today.
  • Sumet Technologies — Sumet is a transforming the distribution of essential goods across the african continent.
  • TileGreen — TileGreen transforms plastic waste into eco-friendly circular building materials. Our innovative technology creates sustainable solutions for construction industry.
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bettervest GmbH
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Zambia Enterprise startups

bettervest is a crowdinvesting platform that enables people to jointly invest individual sums of money – from as little as 50€ onward – in renewable energy, energy and resource efficiency projects initiated by established enterprises, NGOs and local municipalities. In return, investors benefit financially from the resulting cost and energy savings.The bettervest platform has thus opened up the energy efficiency market to private investors. With these targeted investments ecologically and economically viable energy efficiency measures are able to be implemented, leading to cost, energy and CO2 reductions.

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Investment focus

  • Industry: Social Entrepreneurship, Solar, Energy
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Kenya, Zambia, Belgium

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $100k–$1.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BURN — Experience clean, safe, and affordable cooking with BURN's innovative cookstoves. Impact lives, reduce emissions, and enjoy delicious meals. Shop now!
  • Hydrobox — Hydrobox transforms communities and empowers people using the most affordable, reliable, and sustainable power.
  • Emerging Cooking Solutions — Emerging Cooking Solutions' mission is to improve health and stop deforestation caused by poor cooking conditions in developing countries
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Zenga Ventures
VC Fund · 1 investments in Zambia Enterprise startups

Zenga Ventures is an investing firm for startups.

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Investment focus

  • Industry: Apps, Software, Business Information Systems
  • Stage:Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • ZPOS — ZPOS is currently undergoing maintenance. Please check back soon.
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Twilio
VC Fund · San Francisco, California, United States · 1 investments in Zambia Enterprise startups

Build amazing customer experiences on the Twilio platform with APIs for SMS, RCS, voice, and email, plus conversational AI for smarter engagement, and identity verification for trust.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Series A, Seed, Series B
  • Geography: United States, Egypt, Brazil

Investor stats

  • Total investments: 38
  • Round size: Seed $195k–$1.7M; Series A $8M–$24M; Series B $7.6M–$40M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

  • Coval — Simulation and evaluation for AI agents (chat & voice agents)
  • Deepgram — Deepgram helps enterprises unlock the potential of their audio data with custom-trained speech recognition for accuracy and scale. Deepgram's deep learning speech recognition system searches for keywords in transcripts by sound and text within audio and video files, used for transcribing calls, meetings, and voicemails for searchable notes,providing businesses with a fast, high accuracy speech-to-text on an easy-to-use API.The company was founded in 2015 and is headquartered in San Francisco, California.
  • Rime — AI voice models built for real-time conversations. 600+ voices, 50+ languages, sub-100ms latency. Trusted by global enterprise.
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Growth Investment Partners
VC Fund · Accra, Greater Accra, Ghana · 1 investments in Zambia Enterprise startups

Welcome to Growth Investment Partners - A custom built investment model that meets the needs of the growing entrepreneur.

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Investment focus

  • Industry: Mining, Farming, Mineral
  • Stage:Debt Financing, Private Equity
  • Geography: Ghana, Zambia

Investor stats

  • Total investments: 6
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Springs & Bolts — SBLC manufactures U – Bolts, Leaf Springs, Trailer Suspensions & exports to the West Africa n Sub-Region and also sells on the Ghana market.
  • Boxpack Zambia — Boxpack Zambia specialists in manufacturing Corrugated boxes.
  • Altus Financial Services — Altus Financial Services operates as a non-bank microfinance institution focused on providing short- to medium-term financing solutions to underserved segments. Its core business model utilizes customized credit evaluation structures, such as a payroll-deduction system, to disperse capital to public sector workers, small business owners, andmicro-entrepreneurs. The value proposition centers on expanding financial inclusion by delivering rapid loan approvals and flexible terms that accommodate clients who do not fit traditional bank appraisal checklists. This structured underwriting enables capital allocation across diverse sectors including farming, retail, construction, and manufacturing.
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Adanian Labs
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Zambia Enterprise startups

Adanian Labs Africa, is a venture building studio with a mission to build tech powered impact driven startups across Africa. We are a smart tech hub powered by smart technologies like blockchain and AI to ensure that the solutions built are scalable and sustainable. www.adanianlabs.io

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Investment focus

  • Industry: Developer Platform, Financial Services, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: Kenya

Investor stats

  • Total investments: 21
  • Round size: Pre-Seed $60k–$100k
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • SeraPay — We are revolutionizing social commerce in Africa with SeraPay, ensuring the seamless buying and selling of goods on social media platforms. Our innovative service empowers businesses to access markets beyond their geographical borders, making social retail easier and more efficient.
  • Savabyte — A pan-African women-led platform that connects career advancement opportunities to quality tech talent & women in technology. #ConnectingTechTalent
  • Jungopharm — Jungopharm is a developer of a pharma and healthcare platform that aims to make health care understandable, accessible & affordable for all.
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Enterprise VC funding in Zambia at a glance

Stats across 37 deals from 22 investors.

22
investors
in Zambia Enterprise startups
37
deals
in Zambia Enterprise startups
$283k
median round
in Zambia Enterprise startups
45%
lead investors
lead at least one round
35%
Non-equity Assistance
most common funding stage

Access all 22 VC funds in Zambia Enterprise startups.

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