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Top 50 Food and Beverage Startup Investors in Africa (November 2026)

The most active venture capital funds and angel investors investing in Africa Food and Beverage startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa Food and Beverage startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Women Entrepreneurship for Africa
VC Fund
16 Nigeria, Uganda, Cameroon Pre-Seed, Grant Health Care, Agriculture, Food and Beverage
Pearl Capital Partners
VC Fund
7 Uganda, Kenya, Malawi Private Equity, Debt Financing, Seed Agriculture, Farming, Food Processing $5k–$2.6M
Chandaria Capital
VC Fund
5 Kenya, Nigeria, United States Seed, Series A, Pre-Seed E-Commerce, Financial Services, FinTech $200k–$37M
Belgian Investment Company for Developing Countries
VC Fund
5 India, Kenya, Senegal Debt Financing, Venture - Series Unknown, Non-Equity Assistance Financial Services, Finance, Banking $16k–$18M
Launch Africa
VC Fund
4 Nigeria, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Information Technology $200k–$4M
Teranga Capital
VC Fund
4 Senegal Seed, Pre-Seed Logistics, AgTech, Farming $64k–$1M
1776 Ventures
VC Fund
4 United States, Kenya, Brazil Seed, Series A, Convertible Note Education, EdTech, Software $400k–$23M
Cult Food Science
VC Fund
4 United States, South Africa, Canada Seed, Pre-Seed Food and Beverage, Biotechnology, Food Processing $275k–$12M
Musha Ventures
VC Fund
4 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Software, Financial Services, FinTech $100k–$10M
UM6P Ventures
VC Fund
4 Morocco, Israel, United States Seed, Pre-Seed Apps, FinTech, Agriculture $110k–$3.6M
Iungo Capital
VC Fund
4 Uganda, Kenya, United States Seed, Debt Financing Agriculture, Information Technology, AgTech $100k–$490k
Hustle Fund
VC Fund
4 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $100k–$25M
Unpopular Ventures
VC Fund
4 United States, India, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Financial Services $500k–$34M
DOB Equity
VC Fund
4 Kenya, Uganda, Tanzania Private Equity, Seed Food and Beverage, Farming, Agriculture $1M–$3.8M
Antler
VC Fund
4 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
LoftyInc Capital
VC Fund
3 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
F6 Ventures
VC Fund
3 Tunisia, France, United Arab Emirates Pre-Seed, Seed E-Commerce, Software, Information Technology $62k–$174k
Acumen
VC Fund
3 United States, India, Kenya Seed, Venture - Series Unknown Agriculture, Solar, Farming $300k–$7.4M
Greenlabs Incubation Programme
VC Fund
3 Nigeria Pre-Seed AgTech, Waste Management, Food and Beverage
EDFI Agrifi
VC Fund
3 Kenya, Ghana, Belgium Debt Financing, Venture - Series Unknown, Seed Agriculture, Fruit, Beauty $1.5M–$3.2M
Good Food Innovation Fund
VC Fund
3 Kenya Pre-Seed, Seed Food Processing, Nutrition, Food and Beverage
Dare Inc
VC Fund
3 Morocco Seed, Non-Equity Assistance Food and Beverage, Manufacturing, Consumer Goods
Equitable Ventures
VC Fund
3 Nigeria, South Africa, Ghana Seed, Venture - Series Unknown, Pre-Seed Financial Services, FinTech, Information Technology $80k–$2.6M
EchoVC Partners
VC Fund
3 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Information Technology, Financial Services, FinTech $200k–$22M
HoaQ
VC Fund
3 Nigeria, United Kingdom, United States Pre-Seed, Seed, Angel FinTech, Financial Services, Internet $100k–$3.3M
Sustainable Food Ventures
VC Fund
3 United States, India, Germany Pre-Seed, Seed Food and Beverage, Biotechnology, Food Processing $150k–$3.7M
Soma Capital
VC Fund
3 United States, India, Mexico Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $125k–$35M
Hack VC
VC Fund
3 United States, Singapore, Canada Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $1M–$42M
Novastar Ventures
VC Fund
3 Kenya, Nigeria, United States Series A, Series B Agriculture, Health Care, FinTech $1M–$42M
Kube VC
VC Fund
3 United States, India, United Kingdom Seed, Series A, Pre-Seed FinTech, Financial Services, Software $120k–$24M
Liquid 2 Ventures
VC Fund
3 United States, Mexico, Canada Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $125k–$48M
54 Collective
VC Fund
3 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech $40k–$2M
Fanisi Capital
VC Fund
3 Kenya, Rwanda, Tanzania Private Equity, Debt Financing, Seed Food and Beverage, Medical, Agriculture $418k–$6M
Miarakap
VC Fund
3 Madagascar, France Seed, Venture - Series Unknown Food and Beverage, Farming, Agriculture
European Bank for Reconstruction and Development
VC Fund
2 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Private Equity Financial Services, Banking, Energy $5.1M–$369M
Creadev
VC Fund
2 France, United States, Kenya Series B, Venture - Series Unknown, Series C Health Care, Food and Beverage, Agriculture $4.8M–$166M
Accion Ventures
VC Fund
2 India, United States, Mexico Seed, Series A, Series B Financial Services, FinTech, Finance $500k–$30M
GFR Fund
VC Fund
2 United States, United Kingdom, Australia Seed, Series A, Pre-Seed Software, Gaming, Information Technology $700k–$20M
Alphamundi
VC Fund
2 Kenya, Colombia, Ghana Debt Financing, Series A, Series B Agriculture, Renewable Energy, Financial Services $1.7M–$16M
MNF Ventures
VC Fund
2 Morocco, France, Canada Seed, Series A, Pre-Seed Online Portals, FinTech, Enterprise Software $200k–$1.6M
Wamda Capital
VC Fund
2 United Arab Emirates, United States, Turkey Seed, Series A, Series B E-Commerce, Software, Financial Services $600k–$65M
Afri Mobility
VC Fund
2 France, Morocco, Egypt Seed, Pre-Seed, Series A E-Commerce, Automotive, B2B $100k–$2.1M
Social Enterprise Fund for Agriculture in Africa
VC Fund
2 Kenya, Uganda Debt Financing Coffee, Seafood, Aquaculture $1M–$1M
Al Mada Ventures
VC Fund
2 Morocco, Togo, Egypt Seed, Series A, Series B Apps, Software, B2B $2.4M–$17M
Hesham Zreik
Angel
2 United States, Nigeria, India Pre-Seed, Seed, Series A Information Technology, Software, Artificial Intelligence $20k–$5M
U.S. International Development Finance Corp
VC Fund
2 India, Kenya, United States Debt Financing, Post-IPO Debt, Grant Financial Services, Finance, FinTech $328k–$500M
SAHEL Capital
VC Fund
2 Nigeria, Ghana, Kenya Debt Financing, Private Equity, Series B Agriculture, Farming, Food and Beverage $500k–$3.4M
Seedstars Africa Ventures
VC Fund
2 Kenya, France, Rwanda Seed, Series A, Series C Energy, ISP, Credit $1.1M–$9.1M
Cox Enterprises
VC Fund
2 United States, Italy, Israel Series C, Seed, Series A Software, Information Technology, Health Care $100k–$100M
VestedWorld
VC Fund
2 Nigeria, Kenya, Ghana Seed, Series A, Series B Agriculture, Farming, E-Commerce $1.6M–$20M
Access all 50 investors in Africa Food and Beverage startups.

Access 48,091 investors

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

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Investor list

Women Entrepreneurship for Africa
VC Fund · Lagos, Lagos, Nigeria · 16 investments in Africa Food and Beverage startups

Women Entrepreneurship for Africa

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Investment focus

  • Industry: Health Care, Agriculture, Food and Beverage
  • Stage:Pre-Seed, Grant
  • Geography: Nigeria, Uganda, Cameroon

Investor stats

  • Total investments: 116
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • ORIKI — ORIKI is a luxury skin and hair care brand that fuses all-natural ingredients primarily sourced from the continent of Africa with scientific research to create extraordinary products.
  • Mukuru Clean Stoves — Mukuru Clean Stoves is a social enterprise The company is engaged in designing, producing and distributing improved, reliable and affordable cook stoves for low income households. The company's stoves are produced using locally sourced recycled waste metal enabling them to reduce production costs and make affordable products in the market.The company distributes its products through networks of local women business owners and microfinance institutions.
  • Loom Craft Chocolate — Loom Craft Chocolate is a artisanal cocoa processor with a strong focus on the quality of our products and the sustainability of our processes.
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Pearl Capital Partners
VC Fund · Kampala, Kampala, Uganda · 7 investments in Africa Food and Beverage startups

Pearl Capital Partners is a specialist agriculture investment firm that has been investing in small and medium sized East African agribusinesses since 2005. Pearl Capital Partners investments generate financial returns for our investors while creating significant social impact. Pearl Capital Partners success is derived from working with ambitious management teams, providing supportive investment structures and specialist expertise that create high-growth agribusinesses.

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Investment focus

  • Industry: Agriculture, Farming, Food Processing
  • Stage:Private Equity, Debt Financing, Seed
  • Geography: Uganda, Kenya, Malawi

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$2.1M; Debt Financing $5k–$650k; Private Equity $431k–$2.6M
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2017

Portfolio highlights

  • Enimiro — Enimiro is creating an online farming platform in form of a mobile App to connect Ugandan smallholder farmers with local investors to increase harvest while enabling urban people to invest into farming and earn proceeds at just a click of a button.
  • Kamp Feed — Kamp Feed is a food producer of nutritional animal feeds that specializes in pelleted animal feeds.
  • Newman Foods — Newman Foods is an agro-processing company that manufactures, exports, and supplies a comprehensive range of fresh agricultural products. Newman Foods Ltd is a Kampala-based agro-processing company whose primary business is producing and marketing branded consumer foods sold through retail stores in the local and the regional market, as well asaggregation and export of fresh fruits and vegetables (FFV) to the European market.
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Chandaria Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 5 investments in Africa Food and Beverage 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: E-Commerce, Financial Services, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 53
  • Round size: Seed $250k–$6M; Pre-Seed $200k–$3M; Series A $2M–$37M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Klub — India's leading Revenue Based Financing platform with a vision to revolutionize growth capital. Join the Klub for fast, fair & flexible funding.
  • Nuzo — Nuzo offers cheaper payments and crypto rewards and ways to save and earn with staking and bill pay options.
  • African Originals — African Originals food and beverage company that offers authentic African craft beverages using traditional reciepies.
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Belgian Investment Company for Developing Countries
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Africa Food and Beverage startups

BIO invests in SMEs in developing countries and makes a structural contribution to the socio-economic growth.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Venture - Series Unknown, Non-Equity Assistance
  • Geography: India, Kenya, Senegal

Investor stats

  • Total investments: 143
  • Round size: Debt Financing $1.6M–$18M; Non-Equity Assistance $16k–$145k; Venture - Series Unknown $43k–$7.9M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Amartha — Amartha Mikro Fintech - P2P Lending Indonesia. Alternatif investasi dengan modal terjangkau mulai 100Rb. Tedaftar OJK, Imbal hasil 15%* & Berdampak Sosial.
  • Coris Holding — Coris Holding is a financial institution that was established with the motive to provide support to SMEs and SMIs.
  • Orchidia Pharmaceutical — Orchidia Pharmaceutical is a manufacturing company that provides ophthalmic drugs, food supplements, and cosmeceutical products.
Show all investments...

Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 4 investments in Africa Food and Beverage startups, 6 in the past 12 months

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, Venture - Series Unknown
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 218
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M; Venture - Series Unknown $200k–$500k
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Zazu — Manza is an all-in-one financial platform for African SMEs, helping businesses manage payments, automate cash flow, and access real-time financial insights from one simple dashboard.
  • Fincart — Fincart is a leading shipping platform in Egypt, connecting your business with top courier services, automating operations, and helping you scale your eCommerce logistics.
  • Udu Technologies — Explore GPU cloud and hardware through AGH Cloud, UduTech's flagship product, and AI advisory for teams in the United States, Africa, the Caribbean and beyond.
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Teranga Capital
VC Fund · Dakar, Dakar, Senegal · 4 investments in Africa Food and Beverage startups

Faced with the financing difficulties often encountered by Senegalese small and medium-sized enterprises, TERANGA CAPITAL aims to provide an innovative financing solution specifically designed to meet the needs of SMEs . TERANGA CAPITAL is aimed at SMEs with high growth potential from all sectors and regions of Senegal, whose financing needsare between 50 and 200 million FCFA . TERANGA CAPITAL strengthens its equity and becomes a minority shareholder of SMEs over a time horizon of around 5 years, and ensures active and personalized support according to the specific needs of each company in the portfolio. Accompanied companies aim to be supported in formalizing their management, strengthening their organization, increasing their skills and accelerating their commercial development.

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Investment focus

  • Industry: Logistics, AgTech, Farming
  • Stage:Seed, Pre-Seed
  • Geography: Senegal

Investor stats

  • Total investments: 24
  • Round size: Seed $64k–$1M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Fruitales — Fruitales is the manufacturer of consumer goods made from fruit and vegetables, mainly fresh chilies.
  • Solarbox — Solarbox is a developer of electric three-wheelers for last-mile logistics. The company's vehicles offer sustainable design, assembly, charging, and battery swapping methods, as well as a heavy load carriage system.
  • Ibriz — Ibriz manufactures solar water irrigation systems to support small scale farmers.
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1776 Ventures
VC Fund · Washington, District of Columbia, United States · 4 investments in Africa Food and Beverage startups

1776 Ventures is a global seed fund investing in companies in the following sectors: education, energy, smart cities, transportation, food/agriculture, fintech, and healthcare.

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Investment focus

  • Industry: Education, EdTech, Software
  • Stage:Seed, Series A, Convertible Note
  • Geography: United States, Kenya, Brazil

Investor stats

  • Total investments: 108
  • Round size: Seed $400k–$4M; Series A $2.2M–$23M; Convertible Note $500k–$3.5M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Swiftly — Harness your public transit data with Swiftly's urban mobility solutions to make your city's mass transportation move more efficiently.
  • HopSkipDrive — Arranging safe, dependable transportation or children ages 6+ with qualified caregivers
  • Clarametyx Biosciences — Clarametyx Biosciences is a late preclinical stage biotechnology company developing targeted, immune-enabling biologic therapies to counter persistent infections associated with biofilms.
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Cult Food Science
VC Fund · Vancouver, British Columbia, Canada · 4 investments in Africa Food and Beverage 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: 28
  • Round size: Seed $300k–$12M; Pre-Seed $275k–$2.4M
  • Lead/follow: 50% lead, 50% 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 has built the turing machine for biology that read and writes scientific endeavour in iterative loops automatically by combining state of the art hardware, software and machine learning approaches.
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Musha Ventures
VC Fund · New York, New York, United States · 4 investments in Africa Food and Beverage 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: 215
  • Round size: Seed $120k–$7.5M; Pre-Seed $100k–$3M; Series A $2.5M–$10M
  • Lead/follow: 2% lead, 98% 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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UM6P Ventures
VC Fund · Benguerir, Marrakech-Tensift-Al Haouz, Morocco · 4 investments in Africa Food and Beverage startups

UM6P Ventures is a venture capital investment firm that invests in Science & Innovation.

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Investment focus

  • Industry: Apps, FinTech, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Morocco, Israel, United States

Investor stats

  • Total investments: 30
  • Round size: Seed $278k–$3.6M; Pre-Seed $110k–$1.5M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Hsabati — Une vision à 360° de votre entreprise
  • 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
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Iungo Capital
VC Fund · Kampala, Kampala, Uganda · 4 investments in Africa Food and Beverage startups

Welcome to Iungo Capital. The first open ended investment company that exclusively provides finance and support to East African SMEs. Explore more.

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Investment focus

  • Industry: Agriculture, Information Technology, AgTech
  • Stage:Seed, Debt Financing
  • Geography: Uganda, Kenya, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $100k–$490k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Vivid Gold — Shop video games and consoles at Vivid Gold. Features Lipa Pole Pole payments, Pre-Order & Back-Order price guarantees, and top-tier customer service.
  • Viebeg — Viebeg transform the way medical products are bought and sold, advancing the 4th industrial revolution in the developing world.
  • FutureLink Technologies — Creating Financial Freedom for all in Africa through FutureLink.
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Hustle Fund
VC Fund · San Carlos, California, United States · 4 investments in Africa Food and Beverage startups

Hustle Fund is a seed fund that invests in early-stage startups operating in software, business-to-business, fintech, and digital health sectors.

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Investment focus

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

Investor stats

  • Total investments: 549
  • Round size: Seed $750k–$6M; Pre-Seed $100k–$2.5M; Series A $4M–$25M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely actively investing — fresh fund, raised $33M in 2025

Portfolio highlights

  • Mintive — Mintive provides an enterprise governance platform for managing and securing AI agents and Model Context Protocol (MCP) servers. The platform acts as a gateway that turns local or containerized MCP servers into production-ready services with OAuth protection, centralized authentication, and audit logging. It offers real-time monitoring, anomaly detection, and role-based access controls for AI tool usage. MintMCP connects assistants such as ChatGPT, Claude, and other AI clients to internal data, databases, and SaaS systems while maintaining SOC 2-aligned security and compliance controls. It targets engineering, security, and operations teams deploying AI agents in regulated and enterprise environments.
  • BON Credit — BON Credit is an AI-powered credit platform that helps customers understand, manage, and improve credit intelligently.
  • Medikea Health — Feeling sick but don't want to leave your home or work? Video consult or Chat with trusted doctors from your phone.
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 4 investments in Africa Food and Beverage startups

The best companies, off the beaten path.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 622
  • Round size: Seed $500k–$8M; Pre-Seed $500k–$2.6M; Series A $6M–$34M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $13k in 2025

Portfolio highlights

  • Sourcepulse — Sourcepulse empowers engineering leaders to spot delays early, fix process bottlenecks, and confidently commit to deadlines.
  • Morphic — Morphic is the sovereign AI platform for organizations to capture and own their tribal knowledge. The Morphic Revenue Agent is the first agent we're launching - a proactive AI agent for sales teams that connects to their existing software and helps to tighten pipeline discipline, so you can close faster and more predictably. The Morphic Workspace is an agentic platform for any team, technical and non-technical, to build an AI operating system for your business. Connect any software tool in your stack, and embedded agents help to automate work while maintaining unified context across all your work tools. The Morphic Workspace comes with: > Knowledge base > Project management > Meeting recorder > Custom tables/records > Embedded agents that live on the workspace and platforms like Slack, WhatsApp, Telegram etc.
  • NORDA Dynamics — NORDA Dynamics is an autonomous UAV piloting system for carrying out missions in areas with limited connectivity.
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DOB Equity
VC Fund · Veessen, Gelderland, The Netherlands · 4 investments in Africa Food and Beverage 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, Uganda, Tanzania

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$3.8M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • MazaoHub — AI-first SaaS connecting soil, farmers, inputs, agronomy care, field operations, traceability and markets through real last-mile intelligence.
  • 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.
  • Irrisol Engineering — Irrisol Engineering is an impact-driven social enterprise dedicated to providing affordable, socially inclusive, and environmentally sustainable water supply and irrigation systems for underserved rural communities.
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Antler
VC Fund · Singapore, Central Region, Singapore · 4 investments in Africa Food and Beverage startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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LoftyInc Capital
VC Fund · Carmel, California, United States · 3 investments in Africa Food and Beverage 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: 187
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Series A $250k–$37M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely actively investing — fresh fund, raised $43M in 2025

Portfolio highlights

  • Cauridor — Cauridor is a Financial Services company.
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Nucleon Security — Nucleon Smart Endpoint, AI and Zero-trust powered EDR platform.
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F6 Ventures
VC Fund · Tunis, Tunis, Tunisia · 3 investments in Africa Food and Beverage startups

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Tunisia, France, United Arab Emirates

Investor stats

  • Total investments: 81
  • Round size: Seed $70k–$174k; Pre-Seed $62k–$100k
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2019

Portfolio highlights

  • Datasphera — Customer service is our #1 priority. Get a premium domain for your website today. Financing available.
  • True Delta — True Delta is a data management and processing company. They are document recognition and data reconciliation processes. They offer data extraction from documents using ocr techniques, fast onboarding and data integration,and efficient data reconciliation with intelligent matching tools and less coding .
  • Bako Motors SAS — Bako Motors SAS is a motor vehicle manufacturing company that develops solar electric vehicles. manufacturer of electric vehicles with the goal of creating long-term fixes for rural areas' transportation issues with regard to people, cargo, and machinery. The business makes electric cars as well as solutions for clean energy generation andstorage that are infinitely scalable, providing users with inexpensive and environmentally friendly e-mobility.
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Acumen
VC Fund · New York, New York, United States · 3 investments in Africa Food and Beverage startups

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumen invested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Agriculture, Solar, Farming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 212
  • Round size: Seed $300k–$2.5M; Venture - Series Unknown $1000k–$7.4M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fresh fund, raised $123M in 2025

Portfolio highlights

  • PrePex — Non Surgical Male Circumcision for HIV Prevention and social enterprise, offering innovative, affordable and scalable public healthcare solutions
  • My Ecohome — Ecohome develops ecological bioproducts for home and garden use, focusing on environmental protection and sustainable living solutions.
  • KIMS Microfinance — KIMS offers a range of financial products and non-financial support services, including micro and small enterprise financing, group loans, solar home system financing, financial literacy and business skills training, and job creation initiatives.
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Greenlabs Incubation Programme
VC Fund · 3 investments in Africa Food and Beverage startups

Greenlabs Incubation Programme provides mentoring and growth assistance, supported by the Consumer Advocacy and Empowerment Foundation in cooperation with Jacobs Ladder Africa.

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Investment focus

  • Industry: AgTech, Waste Management, Food and Beverage
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

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

Portfolio highlights

  • Ecobag Mart — Ecobag Mart is a startup company that offers environmentally friendly solutions in the food supply chain.
  • Leovia Farms — Leovia Farms is an agri-tech startup focused on reducing food losses and climate pressures.
  • Geocycle — Geocycle is a startup company for developing solutions to reduce food loss in agriculture.
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EDFI Agrifi
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Africa Food and Beverage startups

AgriFi is financed by the European Union and managed by the EDFI Management Company. Responding to the lack of financing mechanisms it is adapted to smallholders with limited market orientation, vulnerable groups, women and youth, farmers and entrepreneurs.

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Investment focus

  • Industry: Agriculture, Fruit, Beauty
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: Kenya, Ghana, Belgium

Investor stats

  • Total investments: 7
  • Round size: Debt Financing $1.5M–$3.2M; Venture - Series Unknown $1.5M–$2M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Alterfin — Alterfin is a cooperative investing in microfinance and sustainable agriculture worldwide. Nearly 6,000 co-op members invest in Human Yield.
  • sommalife — Vitara (formerly Sommalife) partners with women small-scale farmers in West Africa to supply traceable, high-quality shea and agro-commodities to global food and cosmetic manufacturers.
  • East Africa Fruits — EA Fruits Farm is a business that engages in the large production and distribution of fruits and vegetables. As fruits are an essential part of a human's diet for maintenance of good health and wellbeing, the business will take part in providing the opportunity for Tanzanian citizens and other people overseas to get such fruits and motivatemore people to increase their intake of fruits whereby the company will strive to increase the supply to match the increased demand for fresh fruits and vegetables. The business envisions to be among the leading producers, distributors, and exporters of the fruits within the Country and overseas. The company is a highly profitable and viable business that expects to rise to about 5,000 USD from its current small-scaled operations, while more than 450,000 USD will be raised as a result of further expansion within a period of 2-4 years.
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Good Food Innovation Fund
VC Fund · Mumbai, Maharashtra, India · 3 investments in Africa Food and Beverage startups

Good Food Innovation Fund global food system that generates negative health, environmental, It aims to support the effective growth and development of small and medium enterprises.

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Investment focus

  • Industry: Food Processing, Nutrition, Food and Beverage
  • Stage:Pre-Seed, Seed
  • Geography: Kenya

Investor stats

  • Total investments: 5
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Nature Lock — At NatureLock, we fight food waste in Africa by preserving fresh produce naturally into tasty, nutritious and affordable foods at the source.
  • Keep IT Cool — Raino Tech4Impact is a social enterprise that leveraging technology as an enabler to empower African communities. Founded in 2014, They have been developing technology-driven solutions in health, agriculture, sports, green energy and offer business support services.In partnership with various key players in different sectors, they have developedunique and efficient different use cases of technological solutions impacting millions of lives.
  • Shalem Investment — Shalem Investment develops and distribute nutritious composite flour made up of whole Maize, Soya, Sorghum and Millet which are high in protein and micronutrients.
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Dare Inc
VC Fund · Rabat, Rabat-Sale-Zemmour-Zaer, Morocco · 3 investments in Africa Food and Beverage startups

Dare Inc, their incubation and acceleration program aims to support social startups from ideation to through growth into international markets. Dare Inc. aims to ignite the social entrepreneurship ecosystem in Morocco and develop a strong deal flow of investment-ready projects at international standards.

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Investment focus

  • Industry: Food and Beverage, Manufacturing, Consumer Goods
  • Stage:Seed, Non-Equity Assistance
  • Geography: Morocco

Investor stats

  • Total investments: 9
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Pomm'It — POMM'it offers a range rich in 100% natural products made from the best apples from the local production of Midelt in the Middle Atlas, in Morocco.Midelt is the region most famous for the quality and taste of its apples throughout the Kingdom of Morocco, a reputation that will be transmitted to you through our local know-how inheritedthrough the generations since 1964.
  • Marginol — Moroccan Center for Innovation and Social Entrepreneurship - a platform for social change in Morocco. Dare Inc. - #Startup #Incubator #SocialImpact
  • Zelij Invent — We’ve developed a new formula based on 80% of plastic waste and 20% other additives that can be used such as concrete and existant product. Our startup’s first product is “PAVECO” an eco-friendly paving stones. They can be used in all the same ways as regular products in sidewalks, gardens and more, but • use less energy and water in production, •are cheaper to produce
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Equitable Ventures
VC Fund · Calebasses, Pamplemousses, Mauritius · 3 investments in Africa Food and Beverage startups

Equitable Ventures is a venture funding firm that focuses on financial inclusion in Africa. It provide opportunity to help Africa's most promising early-stage fintech firms, with both financial rewards and impact.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Nigeria, South Africa, Ghana

Investor stats

  • Total investments: 25
  • Round size: Seed $100k–$2.6M; Pre-Seed $80k–$1.8M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
  • Startbutton — Startbutton Africa is a Merchant of Record (digital commerce infrastructure platform) that helps businesses expand across African markets by simplifying payments, compliance, and collections
  • 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.
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EchoVC Partners
VC Fund · Lagos, Lagos, Nigeria · 3 investments in Africa Food and Beverage startups

EchoVC Partners is a seed and early-stage venture capital firm focused on financing and cross-pollinating leading technologies, teams, business models, and knowledge across North America, Africa, and SE Asia. The average investment size ranges from $25,000 to several million dollars depending on the stage of opportunity and capital needs of the business.

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$2.2M; Series A $1.2M–$22M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $2.5M in 2023

Portfolio highlights

  • Rivy — Access flexible financing for solar energy projects with Rivy. Power homes, businesses, and communities with clean, affordable energy.
  • Snowstorm — Official site of the Snowstorm Network
  • Rana Energy — No. 1 Solar Community in Africa
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HoaQ
VC Fund · Dublin, Dublin, Ireland · 3 investments in Africa Food and Beverage startups

Startup Investment Club

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $1.7M–$3.3M; Angel $100k–$130k; Pre-Seed $115k–$1M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Klas — Anyone, anywhere can teach online. Create & sell your ebooks, courses, and live classes- all on Klas.
  • La Ruche Health Inc. — LaRuche Health offers inclusive apps that simplify care delivery and improve patient access to preventive healthcare services.
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Sustainable Food Ventures
VC Fund · Raleigh, North Carolina, United States · 3 investments in Africa Food and Beverage 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
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 43
  • Round size: Seed $934k–$3.7M; Pre-Seed $150k–$2M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — raised $105k in 2023

Portfolio highlights

  • Propel Foods — Startup that creates plant-based and hybrid protein through technology.
  • Peruvian Veef — Peruvian Veef is an offline and online store that offers real burgers, grilled seitan, crispy cravings, and vegan nugget products.
  • Atlantic Fish Company — Atlantic Fish Co is a cultivated seafood company using cellular agriculture to bring the world sustainable delicious seafood.
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Soma Capital
VC Fund · San Francisco, California, United States · 3 investments in Africa Food and Beverage startups, 52 in the past 12 months

Welcome to Soma Capital

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Investment focus

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

Investor stats

  • Total investments: 1093
  • Round size: Seed $1.1M–$8.5M; Pre-Seed $125k–$3.8M; Series A $5M–$35M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $37M in 2026

Portfolio highlights

  • Rebill — Rebill.com is the payments and subscriptions platform specifically designed for digital businesses and global companies scaling in Latin America.With our platform and API, companies can integrate over 100 local payment methods from the region, including cards, bank transfers, cash, and even wallets. In addition, they always receive the best humansupport with fair pricing and utmost transparency, enabling them to scale across the region 10 times faster.We are backed and have received investment from some of the world's leading funds such as Tiger Global Management, Soma Capital, SV Angel, Y Combinator, as well as incredible angel investors like Guillermo Rauch (Vercel), Arash Ferdowsi (Dropbox), among others.
  • FirstWork — Applied AI for frontline enterprises. Forward-deployed AI agents that automate workforce operations inside your existing systems.
  • Ramp — Join thousands of forward-thinking businesses using Ramp to control spend, save time, and automate busywork.
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Hack VC
VC Fund · San Francisco, California, United States · 3 investments in Africa Food and Beverage startups

Hack VC is a web3 venture capital firm.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 293
  • Round size: Seed $2M–$15M; Pre-Seed $1M–$8M; Series A $6M–$42M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Axis Robotics — AXIS ROBOTICS | Transferring Diverse Human Intelligence Into Robotic General Intelligence
  • Hyperlane — Hyperlane is the platform for developers building the interchain universe
  • Silicon Data — Silicon Data delivers real-time GPU pricing, benchmarks, and market intelligence, helping companies optimize costs, performance, and sustainability.
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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Africa Food and Beverage startups

Since 2014, Novastar Ventures has backed the bold entrepreneurs transforming African markets and sectors.

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Investment focus

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

Investor stats

  • Total investments: 75
  • Round size: Series A $1M–$23M; Series B $3.5M–$42M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $147M in 2026

Portfolio highlights

  • MAX — Make mobility accessible, safe, reliable, and sustainable for 1 billion Africans
  • ARC Ride — Affordable, reliable and clean e-mobility solutions for rapidly growing African cities.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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Kube VC
VC Fund · Singapore, Central Region, Singapore · 3 investments in Africa Food and Beverage startups

Kube VC is a global venture capital firm that invests in exceptional founders and category-defining companies.

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Investment focus

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

Investor stats

  • Total investments: 113
  • Round size: Seed $800k–$8.6M; Pre-Seed $120k–$2M; Series A $5M–$24M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Glamplus — Glamplus is a SAAS-enabled beauty marketplace for salons and spas in the SMB segment. Glamplus customized to suit salon,s needs. Glamplus offers Hassle-free digital appointment tracking, invoicing, customer engagement, revenue management & much more.
  • Klaar — Klaar eliminates the stress and bias of performance management with timely AI-powered insights that help teams identify areas for improvement, make data-driven decisions, and ultimately drive better performance & careers.
  • CloudBankin — Habile offers a complete spectrum of web solutions, software development and services. Habile provides innovative solutions through research. We have always put the customer in front on all considerations. Technology, Thought and Thorough Research are our key to success. We bring with us over 25 man years of experience in the Software industrywith wide expertise on Retail, Tax, Educational and Banking & Finance domains. We also compliment our technology offerings with strong graphics/GUI design capabilities, QA / QC teams and strong project management capabilities. We understand the customers more as we follow a customer centric approach. We focus on quality and this has always been striking force our development
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Liquid 2 Ventures
VC Fund · San Francisco, California, United States · 3 investments in Africa Food and Beverage startups

Liquid 2 Ventures is a venture capital firm that invests in early-stage startups, primarily at the pre-seed and seed stages. It provides capital, founder guidance, operational support, and access to a network of entrepreneurs, investors, and industry contacts.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Mexico, Canada

Investor stats

  • Total investments: 1250
  • Round size: Seed $1.1M–$9.1M; Pre-Seed $125k–$2.7M; Series A $6M–$48M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: Likely actively investing — fresh fund, raised $12M in 2026

Portfolio highlights

  • Albedo — Aerial quality imagery - from space.
  • Eden — Eden unifies medical imaging operations with clinical AI: PACS, teleradiology, AI-assisted diagnosis and structured reporting, deployed across 2,600+ imaging departments.
  • Kivo Health — Kivo Health is a telehealth lung care company that provides rehab for chronic lung disease.
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54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 3 investments in Africa Food and Beverage 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: 112
  • Round size: Seed $40k–$2M; 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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Fanisi Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Africa Food and Beverage startups

Fanisi Venture Capital Fund S.C.A., SICAV-SIF is a US50M fund which makes direct investments (private equity and venture capital) in businesses with potential for substantial growth. Fanisi Capital was founded in 2009 by the Norwegian Investment Fund for Developing Countries (Norfund) and Amani Capital Limited. The Fund focuses on a segment of the market that has to date been outside the ambit of most venture capital funds in the East African market (Kenya, Tanzania, Rwanda and Uganda).

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Private Equity $418k–$6M
  • Lead/follow: 78% lead, 22% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2017

Portfolio highlights

  • Live Ad Limited — Live Ad Limited operates as an outdoor advertising company and operates over 200 billboards in Nairobi.
  • ProDev Group Holdings — ProDev Group Holdings operates businesses along grain & maize supply chain through Minimex Ltd. and ProDev Rwanda. engages in grain handling which includes milling, drying, pre-cleaning and storage services. Processes of their industry (grain handling) includes milling, drying, pre-cleaning and storage services. The two subsidiary companiesare:One, Minimex Ltd., is the largest manufacturer of branded maize meal in Rwanda, a manufacturer of grits, for the brewing industry, and bran, used in the formulation of animal feed.The other, ProDev Rwanda, is involved in the handling, drying and storage of maize. The partnership with Fanisi will provide the impetus required to continuously improve the maize value chain, which is expected to make a positive contribution to Rwanda's agriculture, the health of the population, and its economic development.
  • Kijenge Animal Products — Kijenge is a diversified agro-processing company based in Arusha, Tanzania engaged in maize milling, animal feed production and poultry (broiler) farming and processing. The company is in the process of building a foundation for its next growth phase that will see it grow and diversify its revenues by upgrading its current productioninfrastructure and by introducing new production lines.
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Miarakap
VC Fund · Antananarivo, Antananarivo, Madagascar · 3 investments in Africa Food and Beverage startups

Miarakap is the first impact investment company dedicated to financing and supporting Small and Medium Enterprises with high potential in Madagascar.

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Investment focus

  • Industry: Food and Beverage, Farming, Agriculture
  • Stage:Seed, Venture - Series Unknown
  • Geography: Madagascar, France

Investor stats

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

Portfolio highlights

  • OKALOU — OKALOU is an event services company that specializes in leisure, entertainment and events for children, young people and adults.
  • EXA — EXA produces insect-based proteins and products to combat malnutrition, support communities, and promote environmental resilience
  • Laiterie Maminiaina — Laiterie Maminiaina is a company that specializes in the production and distribution of dairy products.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 2 investments in Africa Food and Beverage startups

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.

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Investment focus

  • Industry: Financial Services, Banking, Energy
  • Stage:Debt Financing, Post-IPO Debt, Private Equity
  • Geography: Turkey, Egypt, Ukraine

Investor stats

  • Total investments: 507
  • Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$247M; Private Equity $15M–$112M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • Mlinar — Mlinar is the bakery retail and wholesale business in Croatia and operates the largest bakery retail network in South East Europe.
  • Infinity Power — Infinity Power is the largest African renewable energy company, offering innovative solutions in solar power, wind energy, and low-carbon hydrogen technologies. Discover our projects and commitment to sustainable energy solutions.
  • Tbc Bank Group — TBC Bank Group PLC - investor relations, strategy, governance, results, ESG, and company information.
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Creadev
VC Fund · Paris, Ile-de-France, France · 2 investments in Africa Food and Beverage startups

Creadev is an evergreen investment company believe that shareholders' timing should match with the entrepreneur's vision, up to an unlimited amount of time. Creadev invest in and support companies able to scale-up and become worldwide best players in their sector.

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Investment focus

  • Industry: Health Care, Food and Beverage, Agriculture
  • Stage:Series B, Venture - Series Unknown, Series C
  • Geography: France, United States, Kenya

Investor stats

  • Total investments: 58
  • Round size: Series B $5.4M–$37M; Series C $10M–$57M; Venture - Series Unknown $4.8M–$166M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Nxtfood — Nxtfood offers a range of food products, including vegetarian irish pie, vegetarian shepherd's pie with sweet potato, vegetarian meatballs, vegetarian mushroom pie, vegetarian pithiviers, welsh vegetarian, vegetarian stuffed cabbage, vegetarian stuffed butternut, and more.
  • InnovaFeed — InnovaFeed is a biotech company that produces a new source of protein from insect rearing (Hermetia illucens) for animal feed and aquaculture in particular.Their model is based on a unique technological expertise that allows us to place the insect at the heart of their agri-food system and restore it to its natural place in their ecosystem: thatof recycling nutrients to then feed fish, birds or small mammals.In the context of a fast-growing world population, InnovaFeed’s activity responds concretely and competitively to an increase in protein demand while contributing to the development of a more sustainable food system, in particular through the development of quality aquaculture.
  • DAMAE Medical — Damae Medical is a Paris, France-based medtech company. It has developed a medical device capable of seeing biological tissues in depth, at a cellular level and in vivo. This innovative optical imaging technology will especially allow dermatologists to evaluate in a precise, efficient and rapid way malignancy of tumors by a simple contact with thesurface of the skin. DAMAE Medical’s mission is to put the great power of bio-photonics at the service of opening new opportunities in medical imaging and diagnosis.
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Accion Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Africa Food and Beverage startups

Accion Ventures is an investment strategy that today pursues early-stage investments as part of Accion Impact Management.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Series B
  • Geography: India, United States, Mexico

Investor stats

  • Total investments: 133
  • Round size: Seed $500k–$6.4M; Series A $2.6M–$17M; Series B $8M–$30M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Billpocket — Billpocket convierte tu smartphone o tablet en una terminal punto de venta. Ya no tienes que esperar al banco y pagar exageradas cuotas de mantenimiento, fianzas y papel para poder cobrar con tarjeta. Simplemente necesitas una cuenta bancaria a donde puedas recibir tus cobros con tarjeta de débito y crédito.
  • Cashinvoice — Cashinvoice connects supply chain stakeholders and digitises invoice-to-cash processes to unlock working capital trapped within supply chains and accelerate business growth
  • Pintek — Pintek is a financial technology company aiming to democratise access to education in Indonesia through affordable and flexible credit.
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GFR Fund
VC Fund · San Francisco, California, United States · 2 investments in Africa Food and Beverage startups

GFR Fund is a San Francisco-based venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry. GFR Fund is managed by GREE VR Capital, an affiliate of GREE Inc., a global leader in the mobile gaming industry.With over a decade of experience driving innovators in multi-platform entertainment,we see emerging technologies such as VR, AR, AI, Video Streaming and Blockchain as powerful tools that will propel the entertainment industry into a new generation of consumable content. We are looking for talented entrepreneurs who share our passion and values to help realize their vision and expand their businesses globally.

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Investment focus

  • Industry: Software, Gaming, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Australia

Investor stats

  • Total investments: 89
  • Round size: Seed $1.4M–$7.5M; Pre-Seed $700k–$4M; Series A $7M–$20M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2019

Portfolio highlights

  • GEEIQ — GEEIQ is the intelligence platform brands use to plan, activate and measure marketing in virtual worlds like Roblox, Fortnite and ZEPETO.
  • CityLegends — A home for urban sports & culture partners of CityLegends. Making the lines.
  • Qloud Games — Qloud Games is an independent game studio developing Loftia.
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Alphamundi
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Africa Food and Beverage startups

AlphaMundi Group Ltd is a commercial entity based in Switzerland and exclusively dedicated to Impact Investing: profitable investments that generate substantial net benefits to society. It was founded in 2007 by a group of partners with extensive experience in the financial industry as well as responsible investments, microfinance andphilanthropy.AlphaMundi provides debt and equity financing to scalable social ventures in strategic sustainable human development sectors such as microfinance, affordable education, fair trade agriculture and renewable energy. AlphaMundi is currently investing out of its impact debt fund, SocialAlpha Investment Fund (SAIF) - Bastion, domiciled in Luxembourg. AlphaMundi also manages co-investments for SAIF-Bastion investors and third parties.​AlphaMundi partners believe that Impact Investing is a new tool for development that can enhance more classical responsible investment approaches (which often lack impact ​measurability) and complement charitable solutions (which often lack financial viability). To this extent, the firm also contributes to the emergence of Impact Investing through education events, publications and industry associations. Impact investments are now being integrated by leading US and European banks, pension funds, foundations and family offices into traditional investment portfolios, as primarily decorrelated, illiquid and profitable financial assets.

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Investment focus

  • Industry: Agriculture, Renewable Energy, Financial Services
  • Stage:Debt Financing, Series A, Series B
  • Geography: Kenya, Colombia, Ghana

Investor stats

  • Total investments: 21
  • Round size: Series A $10M–$12M; Series B $3.5M–$16M; Debt Financing $1.7M–$11M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Finaktiva — Finaktiva is the number one financial ally of Colombian entrepreneurs. We offer flexible and agile online financial solutions (loans in various forms, factoring and confirming) adjusted to the requirements of the companies. We also offer a range of non-financial tools through our platform to help SMEs´ grow. Our customers are typically businesseswith innovative business models, double-digit growth rates that have a positive impact in their communities.
  • AgriCapital — AgriCapital is a financial service firm that provides store credit, productive credit, credit installments, and accompaniment services.
  • Ampersand — Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network.
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MNF Ventures
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa Food and Beverage 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 worldwide if 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: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2018

Portfolio highlights

  • CleanMob — CleanMob is a Car Greetech B2B, whose mission is to decarbonize and optimize corporate vehicle fleets.Its proprietary technology combining AI algorithms, modeling and simulation, with data from smartphone sensors and connected vehicles, frees users from the need to install a telematics box, thus facilitating large-scale deployment for vehiclefleet managers.
  • ZSystems — ZSystems is a transformative super app designed to redefine B2B trade.
  • Upfund — Upfund is a real estate company that provides reliable data on office, retail, and business premises. Upfund is a digital solution designed to respond to most commercial real estate business issues. They develop tools perfectly adapted to clients' requests in a remarkable time. Founded in 2022 and is located in Paris, France.
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Wamda Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Africa Food and Beverage startups

We are a leading venture capital firm in Dubai, UAE, focused on supporting entrepreneurs in the MENA region at the seed- and early-stage building great companies.

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United Arab Emirates, United States, Turkey

Investor stats

  • Total investments: 134
  • Round size: Seed $600k–$6.5M; Series A $2M–$10M; Series B $3.5M–$65M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $70M in 2018

Portfolio highlights

  • HeyBreez AI — Breez AI is a no-code voice orchestration platform built for reliable, scalable real-time voice AI. The system unifies carrier connectivity, media delivery, AI models, and orchestration into one global routing layer, stabilizing phone operations and enabling companies to scale voice automation without engineering or additional headcount.
  • Hala — Hala offers a payment and wallet solution for individuals and point-of-sale (PoS) services that enable merchants to accept credit card payments.
  • Anecdote —
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Afri Mobility
VC Fund · 2 investments in Africa Food and Beverage startups

Afri Mobility is the venture capital arm of AKWA Group.

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Investment focus

  • Industry: E-Commerce, Automotive, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, Morocco, Egypt

Investor stats

  • Total investments: 23
  • Round size: Seed $100k–$2.1M
  • Lead/follow: 65% lead, 35% follow

Portfolio highlights

  • Cathedis — Cathedis has been a partner of e-merchants, adapting to the evolutions of the e-commerce market. Taking into account the trends and needs of e-merchants and e-buyers, as the constraints of their business. Their offers are always more important, competitive, personalized, and innovative.
  • LinkByCar — Revolutionize fleet operations with LinkByCar. From real-time tracking to predictive maintenance, our advanced telematics solutions save time and reduce costs.
  • Azalea Vision — Azalea Vision is a medical manufacturer designing contact lenses with an active light management system for people with ocular disorders.
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Social Enterprise Fund for Agriculture in Africa
VC Fund · 2 investments in Africa Food and Beverage startups

SEFAA is a farming based company that helps in embracing the socio-economic conditions of smallholder farmers.

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Investment focus

  • Industry: Coffee, Seafood, Aquaculture
  • Stage:Debt Financing
  • Geography: Kenya, Uganda

Investor stats

  • Total investments: 2
  • Round size: Debt Financing $1M–$1M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Zigoti — Zigoti Coffee emerged. Rose and Enock worked nonstop to build their coffee plantation, mill, roastery, and even a stunning hotel, the Enro Hotel, as part of their unwavering commitment to realizing their goal.
  • Camino Ruiz — Camino Ruiz is a fish industry that manages and controls tilapia farming, processing, sales, and distribution services.
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Al Mada Ventures
VC Fund · 2 investments in Africa Food and Beverage startups

Al Mada Ventures is an investment firm.

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Investment focus

  • Industry: Apps, Software, B2B
  • Stage:Seed, Series A, Series B
  • Geography: Morocco, Togo, Egypt

Investor stats

  • Total investments: 9
  • Round size: Seed $2.4M–$8M; Series A $6M–$17M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Checker —
  • Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.
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Hesham Zreik
Angel · Dubai, Dubai, United Arab Emirates · 2 investments in Africa Food and Beverage startups

Hesham Zreik is the CEO of FasterCapital. He previously worked at DreamApps as a Project Manager. Hesham attended the University of Westminster.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Nigeria, India

Investor stats

  • Total investments: 752
  • Round size: Seed $50k–$2.1M; Pre-Seed $20k–$1M; Series A $170k–$5M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • FellowMe — FellowMe is a social media platform that allows users to meet new people with a search experience, segmented by interests and location.
  • Exnus Protocol — Exnus Protocol is a next-generation decentralized ecosystem built on the Solana blockchain.
  • UrbanFarmers — UrbanFarmers is a platform that connects city dwellers with local urban farms and community gardens.
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 2 investments in Africa Food and Beverage startups

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

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Investment focus

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

Investor stats

  • Total investments: 126
  • Round size: Grant $328k–$5M; Post-IPO Debt $18M–$500M; Debt Financing $5.5M–$410M
  • Lead/follow: 78% lead, 22% 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.
  • Pela Global — Pela Global Limited is an Australian company focused on critical and precious metals mining, primarily advancing projects in North Macedonia's Tethyan Belt. It specializes in antimony and gold resources, emphasizing sustainable development and global supply chain contributions.
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SAHEL Capital
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa Food and Beverage startups

Sahel Capital is a leading fund manager and advisory firm focused on West Africa with deep roots in private equity, financial advisory, management consulting and agribusiness. When you partner with Sahel, you benefit from quality financial and operating experience, broad industry knowledge, and a powerful network of global relationships. Through anintegrated approach, we work closely with companies and investment partners to deliver capital solutions and advisory services tailored to fit your unique needs. The power of a partnership with Sahel leads to better investments, stronger businesses, and shared success.

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Investment focus

  • Industry: Agriculture, Farming, Food and Beverage
  • Stage:Debt Financing, Private Equity, Series B
  • Geography: Nigeria, Ghana, Kenya

Investor stats

  • Total investments: 17
  • Round size: Debt Financing $500k–$3.4M
  • Lead/follow: 76% lead, 24% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Agriarche — AGRIARCHE LIMITED is an agriculture technology company focused on enhancing the efficiency of the agricultural sector through digital solutions. It aims to empower farmers and other stakeholders in the agricultural ecosystem by providing tools for data-driven decision-making. The company specializes in digitizing commodity trading and payments,thereby transforming grains into cash for farmers. AGRIARCHE LIMITED is committed to bringing transparency to the agriculture supply chain by offering logistics tracking from start to finish, and providing clear transaction and credit history. By connecting aggregators, the company simplifies the flow of food, information, and payments within the agriculture sector.
  • Rasad Nigeria — Rasad Nigeria is specialize in the sourcing and export of premium cocoa and cashew nuts.
  • Persea Oils and Orchards — Persea Oils and Orchards is deeply dedicated to organic and sustainable farming practices fostering agricultural growth.
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Seedstars Africa Ventures
VC Fund · Carouge, Geneve, Switzerland · 2 investments in Africa Food and Beverage startups

Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa.

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Investment focus

  • Industry: Energy, ISP, Credit
  • Stage:Seed, Series A, Series C
  • Geography: Kenya, France, Rwanda

Investor stats

  • Total investments: 9
  • Round size: Seed $1.1M–$7.5M; Series A $8.2M–$9.1M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $30M in 2024

Portfolio highlights

  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • Ampersand — Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network.
  • Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.
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Cox Enterprises
VC Fund · Atlanta, Georgia, United States · 2 investments in Africa Food and Beverage startups

Empower to build. The story of Cox Enterprises is one of hard work, respect for employees, entrepreneurship and making bold decisions.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series C, Seed, Series A
  • Geography: United States, Italy, Israel

Investor stats

  • Total investments: 83
  • Round size: Seed $100k–$3.6M; Series A $4.3M–$25M; Series C $20M–$100M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Hermeus — Reclaiming the lost art of rapid iterative prototyping to build fast and powerful aircraft on relevant timelines, delivering the high-speed systems our nation and its allies need to command the skies and deter global threats.
  • Crisp — Crisp leverages the power of the cloud to connect and analyze disparate retail data sources, providing the supply chain with real-time insights and trends. Food suppliers, retailers, distributors and brokers use Crisp's open-data platform to manage supply more efficiently, reduce waste and skyrocket profitability.
  • Tom Beckbe — Tom Beckbe waxed jackets, vests, and hats are weatherproof and durable, and our bags last a lifetime. All orders $95+ ship free to the Lower 48.
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VestedWorld
VC Fund · Chicago, Illinois, United States · 2 investments in Africa Food and Beverage 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–$6.1M; 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 — Shop, earn & redeem Points Africa Loyalty Reward Points seamlessly at stores, restaurants, banks, fuel stations and more throughout Africa. Download the app now.
  • 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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