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Top 50 Hardware Startup Investors in Africa (August 2026)

The most active venture capital funds and angel investors investing in Africa Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Kepple Africa Ventures
VC Fund
6 Nigeria, Kenya, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$23M
4Di Capital
VC Fund
5 South Africa, United States, Kenya Seed, Series A, Pre-Seed Software, Financial Services, Mobile $527k–$47M
Ventures Platform
VC Fund
5 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4.4M
Launch Africa
VC Fund
5 Nigeria, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Information Technology $200k–$4M
Investec
VC Fund
5 United States, United Kingdom, South Africa Debt Financing, Series A Software, Financial Services, Energy $1.1M–$550M
Future Africa
VC Fund
5 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $100k–$40M
Golden Palm Investments
VC Fund
5 Nigeria, United States, Egypt Seed, Pre-Seed, Series A Information Technology, Financial Services, Payments $100k–$15M
Knife Capital
VC Fund
4 South Africa, United States, United Kingdom Series A, Seed Software, Information Technology, Education $2M–$15M
E3 Capital
VC Fund
4 Kenya, South Africa, United States Seed, Series A, Series B Energy, Solar, Renewable Energy $900k–$40M
Social Capital
VC Fund
4 United States, Canada, India Seed, Series A, Series B Software, SaaS, FinTech $1M–$45M
54 Collective
VC Fund
4 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech $40k–$4M
UM6P Ventures
VC Fund
4 Morocco, Israel, United States Seed, Pre-Seed Apps, FinTech, Agriculture $110k–$3.6M
Tofino Capital
VC Fund
4 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $100k–$131M
Nedbank Corporate and Investment Banking
VC Fund
4 South Africa, United States, Australia Series A, Debt Financing, Seed Mining, Leasing, Mineral $1M–$47M
Oui Capital
VC Fund
4 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, Finance, Apps $40k–$4.9M
Compass Venture Capital
VC Fund
4 Mauritius, India, France Seed, Series A, Pre-Seed Financial Services, Information Technology, Big Data $30k–$2M
AngelHub Ventures
VC Fund
4 South Africa, Mexico, Colombia Seed, Series A, Pre-Seed Software, Information Technology, Education $300k–$2.3M
F6 Ventures
VC Fund
4 Tunisia, France Seed, Pre-Seed E-Commerce, Information Technology, Retail $62k–$200k
Microtraction
VC Fund
4 Nigeria, United States, Ghana Pre-Seed, Seed, Angel Financial Services, FinTech, Software $30k–$1.3M
Hustle Fund
VC Fund
3 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $100k–$25M
UGFS
VC Fund
3 Tunisia, United Kingdom, France Venture - Series Unknown, Seed, Pre-Seed Software, SaaS, Information Technology $51k–$3M
LoftyInc Capital
VC Fund
3 United States, Nigeria, Egypt Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Software $100k–$10M
Lynett Capital
VC Fund
3 United States, Kenya, Nigeria Seed, Series A, Pre-Seed FinTech, Software, SaaS $120k–$49M
Prosper Otemuyiwa
Angel
3 Nigeria, Canada, United States Pre-Seed, Angel FinTech, Software, CRM $200k–$1M
SunFunder
VC Fund
3 Kenya, Mauritius, United States Debt Financing, Series C Solar, Energy, Renewable Energy $1.5M–$60M
4DX Ventures
VC Fund
3 Egypt, South Africa, United States Seed, Pre-Seed, Series A FinTech, Financial Services, Logistics $50k–$40M
Tahseen Consulting
VC Fund
3 India, Pakistan, Peru Seed, Angel, Series A Information Technology, E-Commerce, Transportation $150k–$2M
U.S. International Development Finance Corp
VC Fund
3 India, Kenya, United States Debt Financing, Post-IPO Debt, Grant Financial Services, Finance, FinTech $328k–$500M
Grenfell Holdings
VC Fund
3 Kenya, Uganda, Senegal Seed, Pre-Seed, Series A FinTech, Internet, Logistics $1.8M–$2.1M
Algerian Startup Fund
VC Fund
3 Algeria, France, Spain Pre-Seed, Seed, Series A Apps, E-Commerce, Manufacturing $35k–$145k
Savannah Fund
VC Fund
3 Kenya, United States, South Africa Seed, Series A, Pre-Seed Software, E-Commerce, FinTech $25k–$8M
216 Capital
VC Fund
3 Tunisia, France, United States Seed, Pre-Seed, Angel B2B, SaaS, Software $161k–$1.5M
First circle capital
VC Fund
2 Nigeria, Egypt, United States Pre-Seed, Seed Financial Services, FinTech, Finance
Technova
VC Fund
2 South Africa Seed, Series A Data Center, Information Technology
Bonfire Ventures
VC Fund
2 United States, Canada, France Seed, Series A, Series B Software, SaaS, Information Technology
Persistent
VC Fund
2 Ghana, Germany, Switzerland Seed, Series A Energy, Solar, Renewable Energy
KFW DEG
VC Fund
2 India, Kenya, United States Debt Financing, Grant Financial Services, Finance, FinTech
HoaQ
VC Fund
2 Nigeria, United Kingdom, United States Pre-Seed, Seed, Angel FinTech, Financial Services, Internet $100k–$3.3M
Finnfund
VC Fund
2 Kenya, India, South Africa Debt Financing, Series B Financial Services, Energy, FinTech $2.7M–$135M
International Finance Corporation
VC Fund
2 India, Brazil, United States Debt Financing, Series B Financial Services, Finance, FinTech $6M–$400M
Walid Aradi
Angel
2 India, United States, Nigeria Seed, Angel, Series A Information Technology, Internet, Health Care $150k–$4M
Aster
VC Fund
2 France, United States, United Kingdom Series A, Series B Energy, Software, Manufacturing $1.6M–$27M
Soma Capital
VC Fund
2 United States, India, Mexico Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $125k–$35M
MNF Ventures
VC Fund
2 Morocco, France, Canada Seed, Series A, Pre-Seed Online Portals, FinTech, Enterprise Software $200k–$1.6M
Gabriel Hammond
Angel
2 Nigeria, United States Seed, Series A Internet, Wireless, FinTech $2.1M–$2.1M
Nama Ventures
VC Fund
2 Saudi Arabia, Egypt, United States Seed, Pre-Seed, Series A E-Commerce, Information Technology, B2B $100k–$35M
Vy Capital
VC Fund
2 United States, India, China Seed, Series C, Series B Software, FinTech, Information Technology $1M–$675M
Alumni Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$79M
Grand Bay Investments
VC Fund
2 South Africa Seed, Series A Data Center, Information Technology
At One Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Energy, Manufacturing, Agriculture $2.9M–$70M
Access all 50 investors in Africa Hardware startups.

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

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Investor list

Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Africa Hardware startups

Kepple Africa Ventures is an early-stage venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 84
  • Round size: Seed $500k–$4.5M; Pre-Seed $100k–$3.4M; Series A $1.1M–$23M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
  • TIBU Health — TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.
  • Onboard — Onboard helps hardware companies transform their text manuals to 3D, intelligent manuals with instant customer support capabilities.
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4Di Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 5 investments in Africa Hardware startups

4Di Capital is an independent seed- and early-stage technology venture capital firm based in Cape Town, South Africa.Nurture capital is the term that best describes 4Di Capitalâ€:tm:s purpose and philosophy.We understand that in the early days of any business, support, mentoring and access to networks is just as important as seed capital.Using tried and tested international venture capital best practices, adapted for local use, we believe in entrepreneur-friendly finance without frills, and in working as a team with our investments to achieve their true potential.4Di Capital Early-Stage Technology Fund 1 targets startup investment opportunities with high growth potential at the seed- and early-stages in the mobile, enterprise software and web sectors.We look for founder teams with hungry passion, commitment, domain expertise and deep insights into the large market problems they wish to solve with their technology solutions.

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Seed $527k–$7.5M; Pre-Seed $1.8M–$4M; Series A $2M–$47M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • FireID — FireID is a venture builder that helps makers, with unique skills and passion, build businesses to solve meaningful problems.
  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • Aerobotics — Powerful insights for precision growing and crop insurance
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 5 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 160
  • Round size: Seed $120k–$4.4M; Pre-Seed $100k–$2M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • MarketForce — MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently,access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform.
  • ThankUCash — ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction madeboth offline and online.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 5 investments in Africa Hardware startups, 7 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: 217
  • 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 — raised $36M in 2022

Portfolio highlights

  • Zazu — Zazu is a neobank for African SMEs, offering seamless banking tools, cash flow automation, and real-time insights. Zazu simplifies finance management in one all-in-one solution.
  • 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 — Udu Technologies is an AI infrastructure company that offers GPU systems, AI platform integration, and technical support services.
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Investec
VC Fund · Cape Town, NA - South Africa, South Africa · 5 investments in Africa Hardware startups

Welcome to Investec. Find out more about us, our businesses, sponsorships and career opportunities.

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Investment focus

  • Industry: Software, Financial Services, Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, United Kingdom, South Africa

Investor stats

  • Total investments: 88
  • Round size: Series A $1.1M–$17M; Debt Financing $72M–$550M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Splend — Change the way you own your rideshare vehicle for good with Splend. All-Inclusive vehicle packages for your Uber journey, in one easy weekly payment.
  • Openpay — Openpay is a cutting-edge in-store, in-home and online payments solution that features a buy now and pay later service, interest-free. Openpay allows customers to make in-store and online purchases, and effectively split the payment for these purchases into multiple repayments over time. The company generates revenue from fees charged to merchantsand customers in exchange for the use of its payments platform.Openpay is available across Australia and New Zealand in many industries including retail, medical, automotive, home improvement, and more.
  • Master Plastics — Discover innovative, sustainable packaging solutions for protecting and preserving agricultural and food products from farm to table with Master Plastics.
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Future Africa
VC Fund · San Francisco, California, United States · 5 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $500k–$4M; Pre-Seed $100k–$3.7M; Series A $7M–$40M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • STEM Cafe — STEMCafe by RVRB is a fun out of school learning centre for kids
  • Juicyway — The new shape of money? Fluid. Access global currencies with Juicyway. Buy, sell, hold, and pay globally using our fast APIs, web, or mobile apps. Download now.
  • 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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Golden Palm Investments
VC Fund · Accra, Greater Accra, Ghana · 5 investments in Africa Hardware startups

Golden Palm Investments is an investment holding and advisory company.

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Investment focus

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

Investor stats

  • Total investments: 76
  • Round size: Seed $1.5M–$6M; Pre-Seed $100k–$6.5M; Series A $3M–$15M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Talstack — Talstack is an all-in-one platform for employee growth and development
  • MAKA — MAKA is a community commerce platform for fashion and beauty, enabling everyone to discover their style, feel represented.
  • Renda — At Renda, we are passionate about revolutionizing the logistics and mobility sectors with cutting-edge technology that enables businesses and operators to seamlessly scale in emerging markets.
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Knife Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 4 investments in Africa Hardware startups

Knife Capital is an independent growth equity investment firm focusing on innovation-driven ventures with proven traction. By leveraging knowledge, networks & funding, Knife accelerates the international expansion of entrepreneurial businesses that achieved a product/market fit in a beachhead market. Knife have offices in Cape Town andLondon.Knife invests via a consortium of funding partnerships, including SARS section 12J Venture Capital Company KNF Ventures and select family offices. Knife facilitated lucrative exits of local technology companies to the likes of General Electric, Visa, Garmin and Uber.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Series A, Seed
  • Geography: South Africa, United States, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Series A $2M–$15M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2021

Portfolio highlights

  • Cue — Cue is a customer service software company that empowers you with WhatsApp Business solutions to boost customer satisfaction, and drive growth.
  • Pura Soda — Discover PURA's refreshing beverages and live a little PURA.
  • Optique Optometrists — Optique Optometrists provides comprehensive eye care services, including eye tests, prescription glasses, and contact lenses. The company offers affordable eye care solutions and has multiple branches across South Africa. Customers can book appointments online and access a wide range of eyewear options. Optique Optometrists focuses on deliveringquality vision care and ensuring customer satisfaction through professional services and convenient booking options.
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E3 Capital
VC Fund · Paris, Ile-de-France, France · 4 investments in Africa Hardware startups

E3 Capital invests in growing, entrepreneurial businesses in Sub-Saharan Africa addressing the lack of electrification in the region with new technology and innovative business models. The fund is backed by Schneider Electric, the leading energy management multinational, and a number of public-sector investors.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A, Series B
  • Geography: Kenya, South Africa, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $900k–$8M; Series A $1.8M–$7.5M; Series B $9M–$40M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Plentify — Plentify connects home appliances with cheaper cleaner energy. It does this with an intelligent residential load management platform which matches demand with clean energy supply for 75% cheaper than batteries. Plentify combines advanced hardware, AI, and user-centric design to create smart home products that delight customers while alsostrengthening electricity systems.
  • SolarX Africa — SolarX commercial and industrial (C&I) solar company that provides clean and efficient solar solutions, through leasing options in frontier markets.
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Social Capital
VC Fund · Palo Alto, California, United States · 4 investments in Africa Hardware startups

At Social Capital, we make big bets on transformational ideas, technology, and people.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 390
  • Round size: Seed $1M–$7M; Series A $3.5M–$17M; Series B $10M–$45M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $600M in 2018

Portfolio highlights

  • Athos — Athos uses EMG real-time biofeedback to help you go from guessing to knowing if you are performing at your best. #BuildBetterAthletes
  • Mason America, Inc. — Mason is the device innovation platform for product leaders who dare to deliver the next innovation in their field.
  • Biz AI Last — Your dedicated IT department. AI-assisted triage, live expert support via chat, remote connection to fix issues directly, and on-site technicians when needed.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 4 investments in Africa Hardware 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: 111
  • Round size: Seed $40k–$4M; Pre-Seed $40k–$1.3M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • LipaLater — LipaLater is a lending marketplace that provides postpaid payments at e-commerce stores. They are making technology affordable for you. Get the electronic of your choice today and pay for it in comfortable monthly installments.
  • 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.
Show all investments...

UM6P Ventures
VC Fund · Benguerir, Marrakech-Tensift-Al Haouz, Morocco · 4 investments in Africa Hardware 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.
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Tofino Capital
VC Fund · Washington, District of Columbia, United States · 4 investments in Africa Hardware startups

Tofino Capital is an early stage investor in emerging market technology companies.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 25
  • Round size: Seed $2.2M–$22M; Pre-Seed $100k–$1M; Series A $25M–$131M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Vultron — Compress proposal production timeframes from weeks into days with Generative AI.
  • Terra Industries — Terra Industries develops autonomous security systems and software platforms that support the monitoring and protection of physical assets, infrastructure, and operational environments across land, air, and maritime domains. The company provides unmanned vehicles, autonomous towers, and sensor-based surveillance hardware that collect and transmitdata for continuous situational awareness. Its software layer, built around an integrated operating system, processes sensor inputs, applies artificial intelligence models, and coordinates automated responses to detected events. Terra Industries designs its systems to support functions such as perimeter security, infrastructure monitoring, asset tracking, and threat detection within complex operational settings. The company’s platforms enable operators to manage multiple autonomous devices through a unified interface that supports mission planning, data visualization, and system control. Its technology is used by organizations that require coordinated security, monitoring, and response capabilities for facilities, remote sites, and distributed operations.
  • Irreversible — Irreversible designs next-generation analog AI chips that enable meaningful intelligence anywhere — from sensors to robots.
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Nedbank Corporate and Investment Banking
VC Fund · Sandown, NA - South Africa, South Africa · 4 investments in Africa Hardware startups

Nedbank Corporate and Investment Banking is offers corporate and investment banking and global-market services to diverse clients.

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Investment focus

  • Industry: Mining, Leasing, Mineral
  • Stage:Series A, Debt Financing, Seed
  • Geography: South Africa, United States, Australia

Investor stats

  • Total investments: 9
  • Round size: Seed $1M–$1.4M; Series A $1.1M–$47M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • West Wits Mining — West Wits Mining is focused on the exploration, development and production of high value precious and base metals. View more info here.
  • Master Plastics — Discover innovative, sustainable packaging solutions for protecting and preserving agricultural and food products from farm to table with Master Plastics.
  • Aircraft Engine Lease Finance — Aircraft Engine Lease Finance is a commercial aircraft and engine leasing company that offers customized and flexible financing solutions to airlines, lessors, banks, and non-traditional aircraft owners. The company focuses on acquiring, leasing, and trading mid-life aircraft and provides liquidity and financial technology to airlines related todeal generation, technical bridging, lease administration, and asset management that are housed internally.
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Oui Capital
VC Fund · Belmont, Massachusetts, United States · 4 investments in Africa Hardware startups

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

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Investment focus

  • Industry: Financial Services, Finance, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 32
  • Round size: Seed $600k–$4.9M; Pre-Seed $40k–$1.3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Cauridor — Cauridor is a Financial Services company.
  • Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans
  • Herconomy (Ex AGS Tribe) — Herconomy is a platform that allows women build their finances, capacity, collaborate and access opportunities.
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Compass Venture Capital
VC Fund · Moka, Moka, Mauritius · 4 investments in Africa Hardware startups

Compass is a venture capital fund. We invest in start-ups with scalable business models and strong growth potential. We work with companies based in Mauritius, the Indian Ocean region and the African continent. Compass is wholly owned by and benefits from support from the ENL Group, one of Mauritius’ largest business conglomerates. Alongside theTurbine, our sister organisation and the region’s leading incubator and start-up accelerator, Compass is working to create a vibrant, sustainable start-up ecosystem in Mauritius and the Indian Ocean.

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Investment focus

  • Industry: Financial Services, Information Technology, Big Data
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Mauritius, India, France

Investor stats

  • Total investments: 11
  • Round size: Seed $30k–$1.6M; Series A $1.1M–$2M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Omnisient — Privacy-Preserving Data Collaboration platform enabling businesses to collaborate while ensuring consumer privacy and data protection.
  • FCB.ai — FCB.ai builds the conversational AI infrastructure to power the financial industry
  • Shortlist — Shortlist helps solve talent challenges for impactful and innovative organizations across Africa. We provide executive search and workforce innovation solutions.
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AngelHub Ventures
VC Fund · Stellenbosch, NA - South Africa, South Africa · 4 investments in Africa Hardware startups

Operating out of Stellenbosch in South Africa and backed by two family offices Angelhub Ventures's team is passionate about early stage investments in (South) Africa. Being entrepreneurial ourselves, we thoroughly understand the challenges and changes our founders face – which is why we back them in any way we can. Most importantly, we believein building great businesses and we are in it for the long haul.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Seed, Series A, Pre-Seed
  • Geography: South Africa, Mexico, Colombia

Investor stats

  • Total investments: 14
  • Round size: Seed $2M–$2.3M; Series A $300k–$1.7M
  • Lead/follow: 71% lead, 29% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Motai
  • Syscap — Syscap is a financial technology company that offers cutting-edge solutions to financial institutions to have a better administration and management of their funding sources. It connects the leaders of financial and real estate institutions with their funders. For institutions, the company ensures the optimization of their funding source managementprocesses, but also the strengthening of the relationship with their funders. To funders, Syscap guarantees the transparency and timely monitoring of its funds for the safety and growth of its resources.
  • Velocity — Velocity is a micro fulfillment dark store that delivers through digital channels.
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F6 Ventures
VC Fund · Tunis, Tunis, Tunisia · 4 investments in Africa Hardware 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, Information Technology, Retail
  • Stage:Seed, Pre-Seed
  • Geography: Tunisia, France

Investor stats

  • Total investments: 62
  • Round size: Seed $72k–$200k; Pre-Seed $62k–$100k
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2019

Portfolio highlights

  • WaterSec — WaterSec is a manufacturer of internet of things devices intended to communicate with gateways and send water usage data to application dashboards. They enable the customer to keep track of their water consumption. The monitoring of consumption was the solution to initiate the project. The water consumption and an optimized water-use efficiencyratio of all citizens and businesses.
  • 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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Microtraction
VC Fund · Lagos, Lagos, Nigeria · 4 investments in Africa Hardware startups

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

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Investment focus

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

Investor stats

  • Total investments: 106
  • Round size: Seed $30k–$1.3M; Angel $30k–$50k; Pre-Seed $50k–$1.1M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Accounteer — Accounteer is a cloud accounting platform for small businesses. Business owner can create invoices, track expenses and follow up on their finances with ease. Accounteer integrates with external services like banks, e-invoicing platforms and e-commerce. Future proof your business today by subscribing for a free Accounteer trial account.
  • Spring in Africa — Wallets Africa helps Africans and African-owned businesses send money, receive money, make card payments, and access overdrafts.
  • ThankUCash — ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction madeboth offline and online.
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Hustle Fund
VC Fund · San Carlos, California, United States · 3 investments in Africa Hardware 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, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 503
  • Round size: Seed $808k–$6M; Pre-Seed $100k–$2.5M; Series A $4M–$25M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • BON Credit — BON Credit's free AI helps you find money you're missing, pay less interest, improve your credit, and always know what to do next.
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
  • Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience
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UGFS
VC Fund · Tunis, Tunis, Tunisia · 3 investments in Africa Hardware startups

United Gulf Financial Services-North Africa, established on November 2008, is an asset management company licensed by and working under the control of Tunisian Capital Market Authorities CMF.They offer a comprehensive access to the Tunisian financial market. They provide services through their different business platforms: private equity, assetmanagement, advisory and corporate finance.Their clients are investors such as individuals, corporations and financial institutions.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Venture - Series Unknown, Seed, Pre-Seed
  • Geography: Tunisia, United Kingdom, France

Investor stats

  • Total investments: 15
  • Round size: Seed $70k–$935k; Pre-Seed $51k–$3M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Cynoia — Cynoia will serve as your apps hub and your unique workstation where you can access all your communication & collaboration channels from one place. In the form of a web platform used as an alternative or a complementary tool, You will have access to a unique space gathering built-in communication and collaborative features (Chating,Asynchronous voice and video messages, real-time video meeting spaces, personal and shared calendar, an organization task manager, and an acces to emails) as well as the ability to synchronize with most of the used apps to bring all your data from everywhere on any device. Our platform already supports the most used communication apps and platforms and it is personalizable based on user preferences. Thus, our team is still continuously working on adding other apps support.
  • Liberrex — Liberrex is a cutting-edge SaaS platform dedicated to revolutionizing customer experience management. Designed for enterprises and SMBs, Liberrex empowers businesses to deliver customer-centric experiences seamlessly. By leveraging cloud-based technology, the platform optimizes key touchpoints like queue management, online appointment scheduling,and customer feedback collection, enabling organizations to enhance satisfaction, improve operational efficiency, and stay ahead in a competitive landscape.
  • PayDay Takaful — PayDay Takaful (PDT) is a next generation Technology partner for Insurers, Banks and Employees.
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LoftyInc Capital
VC Fund · Carmel, California, United States · 3 investments in Africa Hardware 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, Venture - Series Unknown
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 170
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Venture - Series Unknown $200k–$10M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $14M in 2021

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 — Zero-Trust and ML-based Endpoint Detection and Response Platform #EDR #FDR #EndpointSecurity
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Lynett Capital
VC Fund · San Francisco, California, United States · 3 investments in Africa Hardware startups

Lynett Capital is an early stage investment firm dedicated to the empowering technology companies.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $120k–$3M; Pre-Seed $500k–$2.7M; Series A $2.5M–$49M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Juxta — Juxta delivers infrastructure-free positioning for people, assets, and robots. Track indoors, outdoors, and GPS-denied environments with the Universal Positioning System, Software SDK, and Asset Tags.
  • Ribbon — Go live with an inheritance center that your members deserve
  • Luminate — Luminate Medical is developing LILY, the world's first pain-free and portable solution to prevent hair loss caused by chemotherapy.
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Prosper Otemuyiwa
Angel · 3 investments in Africa Hardware startups

Prosper Otemuyiwa is a Co-founder of forLoop Africa. He attended Babcock University.

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Investment focus

  • Industry: FinTech, Software, CRM
  • Stage:Pre-Seed, Angel
  • Geography: Nigeria, Canada, United States

Investor stats

  • Total investments: 11
  • Round size: Pre-Seed $200k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Frain technologies — We're passionate about the product delivery value chain.
  • Famasi — Find, Order & Refill medications across 1000+ pharmacies in Nigeria. Delivered in 1 hour. Compare prices, get the best offers, and enjoy free monthly delivery on recurring orders.
  • Sendchamp — Messagebird For Africa: Sendchamp provides Communication APIs & CRM for developers & businesses to reach their customers via different messaging channels such as SMS, Email, Voice, Whatsapp, and other digital messaging channels. Our APIs and No code tools help businesses in Africa from the stage of Customer Onboarding, CustomerEngagement, Customer Service & Customer Retention.
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SunFunder
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Africa Hardware startups

SunFunder is a specialist financing company dedicated to pioneering and scaling clean energy and climate investments in emerging markets.

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Investment focus

  • Industry: Solar, Energy, Renewable Energy
  • Stage:Debt Financing, Series C
  • Geography: Kenya, Mauritius, United States

Investor stats

  • Total investments: 23
  • Round size: Series C $20M–$60M; Debt Financing $1.5M–$50M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2020

Portfolio highlights

  • M-KOPA — M-KOPA provides connected asset financing solutions for underbanked customers. Its platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services, and more.
  • InspiraFarms — InspiraFarms provides on-and-near farm, grid & solar powered Cold Rooms & Packhouses for agribusinesses & distributors. Reduce energy costs & food losses!
  • Energy Vision — ENERGY VISION is a telecom-focused Energy Service Company (ESCO), led by a team of experienced telecom and telecom infrastructure professionals.
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4DX Ventures
VC Fund · Brooklyn, New York, United States · 3 investments in Africa Hardware startups

4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Our mission is to connect people, ideas, and capital to create a vibrant African community.

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Investment focus

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

Investor stats

  • Total investments: 93
  • Round size: Seed $456k–$8M; Pre-Seed $50k–$6.5M; Series A $3M–$40M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $60M in 2021

Portfolio highlights

  • Autochek — Welcome To Autochek Group's Homepage. Read About The Company's Vision And Mission. Select A Country And Apply For Car Loans
  • Aether Bio — Aether uses its state of the art platform to rapidly engineer enzymes, enabling our customers to manufacture complex and novel products at fractional cost.
  • Aethex — End to end voice agents localized for your market.
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Tahseen Consulting
VC Fund · Dubai, Dubai, United Arab Emirates · 3 investments in Africa Hardware startups

We're a boutique firm bridging consulting, government relations, and international development committed to transformational change in the Middle East and North Africa +

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Investment focus

  • Industry: Information Technology, E-Commerce, Transportation
  • Stage:Seed, Angel, Series A
  • Geography: India, Pakistan, Peru

Investor stats

  • Total investments: 22
  • Round size: Seed $150k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BusCaro — Comfort, Reliability Consistency. Your one-stop solution for hassle-free commute. Commute Made Easier About BusCaro Innovative approach towards mobility for organizations across Pakistan. BusCaro is a tech-based startup providing solutions aimed at simplifying commute. Paired with a reliable technology stack, and the mission to drive a positive change in the mobility sector, BusCaro is a seamless
  • OlaClick — Create electronic menu boards for your restaurant or store. It is totally free. QR codes menu or digital menu boards. Digitalize your menu in an instant and start receiving orders !
  • Alvin — Alvin is a powerful mobile app that automatically creates and adjusts your budget to help you meet your goals.
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 3 investments in Africa Hardware 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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Grenfell Holdings
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in Africa Hardware startups

Grenfell Holdings is an investment company based in Hong Kong.

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Investment focus

  • Industry: FinTech, Internet, Logistics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Kenya, Uganda, Senegal

Investor stats

  • Total investments: 6
  • Round size: Seed $1.8M–$2M; Pre-Seed $2.1M–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Badili — Badili is a one-stop shop for buying and selling used and refurbished phones. Founded in 2021 and is based in Nairobi.
  • KaliSpot — KaliSpot is a 24/7 automated network of ATMs servicing Mobile Money, Bank and Fintech consumers in West & Central Africa. Combined with a mobile app, we provide a PhyGital transformative solution to Financial Services access in WCA.
  • Rocket Health Africa — Rocket Health is a bundled service of The Medical Concierge Group, a licensed and registered clinic, laboratory, and pharmacy. Rocket Health offers telemedicine healthcare services such as doctor consultations, laboratory sample pickups, and medicine delivery.
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Algerian Startup Fund
VC Fund · 3 investments in Africa Hardware startups

This is the homepage of the website

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Investment focus

  • Industry: Apps, E-Commerce, Manufacturing
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Algeria, France, Spain

Investor stats

  • Total investments: 83
  • Round size: Seed $80k–$145k; Pre-Seed $35k–$140k
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • Noma pro — Innovative skincare technology for radiant beauty and wellness.
  • Instaclean — Professional at-home car wash services for ultimate convenience.
  • Skaly academy — Skaly academy empowers its student to master the sales automation software, Skaly.
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Savannah Fund
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Africa Hardware startups

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, South Africa

Investor stats

  • Total investments: 44
  • Round size: Seed $25k–$3.3M; Pre-Seed $200k–$2.1M; Series A $750k–$8M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

Portfolio highlights

  • Aya Data — Aya Data provides high-quality data annotation, AI training data, 3D annotations, machine learning solutions and also specialises in geospatial, NLP and computer vision projects.
  • Kubik — Kubik makes low-carbon buildings from plastic waste. Bringing environmental dignity to how countries grow.
  • Hohm Energy — We make the process of going solar simple. Generate your free, custom solar proposal and get matched with an accredited solar provider in under 5 mins.
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216 Capital
VC Fund · Tunis, Tunis, Tunisia · 3 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $336k–$1.5M; Pre-Seed $161k–$1M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Eyst Technology — EYST provides a technological solution against insurance fraud. The company is based in Puteaux, France.
  • Addvocate.ai — Transform your enterprise sales team with AI-native solutions. Get 10x productivity increase with automated meeting prep, deal tracking, and CRM updates.
  • Robocare — RoboCare promotes sustainable agriculture by combining spectral technology and artificial intelligence (AI). Precision agricultural services include crop monitoring, stress mitigation, plant requirements control, increased land efficiency, and pesticide optimization.
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First circle capital
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa Hardware startups

First Circle Capital is a venture capital firm seeding the next fintech generation in Africa.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • PayTic — PayTic enables payments issuers to manage their card programs by providing dedicated back-office solutions that streamline the end-to-end operations in customer support, chargebacks, fraud, AML, reporting, and reconciliation. Our proprietary solutions are unique in automating and centralizing the program management processes, regardless of thenumber of processors and the payment networks involved in the payments products. We impact payments providers by eliminating the defragmented and manual processes and replacing them with a SaaS platform that increases proactivity, mitigates risks, and delivers value. It reduces the burn rate to near 0 in operational costs and offers an unprecedented competitive advantage. PayTic is introducing the Zero Ops model in managing payments.
  • Pumpkn — Need reliable funding? We provide quick loans and capital tailored for Agriculture businesses in South Africa. Grow your business with Pumpkn. Apply now!
  • Scale — Scale accelerates market entry and revenue for fintechs with a people-first approach.
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Technova
VC Fund · Sydney, New South Wales, Australia · 2 investments in Africa Hardware startups

Technova operates as an advisory firm focused on growth.

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Investment focus

  • Industry: Data Center, Information Technology
  • Stage:Seed, Series A
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Omnisient — Privacy-Preserving Data Collaboration platform enabling businesses to collaborate while ensuring consumer privacy and data protection.
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Bonfire Ventures
VC Fund · Santa Monica, California, United States · 2 investments in Africa Hardware startups

Bonfire Ventures leads Seed rounds for business software solutions company founders transforming the industries they target.

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Investment focus

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

Investor stats

  • Total investments: 141
  • Lead/follow: no public data

Portfolio highlights

  • Alvys — Alvys is a cloud-based transportation management system with high-tech automation. Specializing in workflow efficiency for small to mid-size carriers. Alvys stands out by saving carriers and freight brokers more time per load than any other TMS! Save up to 30 minutes per load, organize your operations in one place, scale with ease and integrateall your favorite tools. The proof is in the workflows and here's a sneak peek of our popular features:• Driver App • Tracking & Tracing • Source for Truck Capacity • End-to-End Visibility • One Click Accounting • Analytics & Reporting • Safety & Maintenance • Integrations • Benefits for BrokersTRY US FOR FREE! www.alvys.com
  • Boulevard — See why Boulevard is the fastest-growing client experience platform. Boost bookings. Optimize your calendar. Automate marketing. Streamline payments. Maximize revenue.
  • Jeeva AI — Jeeva AI provides a sales automation platform that delivers products and services centered on agentic-AI workflows for prospecting and engagement. The platform offers automated lead discovery that identifies decision-makers across numerous data sources and enriches records with missing contact and firmographic details. It includes tools forgenerating personalized outreach through email and LinkedIn, enabling consistent communication based on role, industry, and observed behavior. Jeeva AI also supplies inbox and calendar management services that draft replies, prepare meeting briefs, schedule calls, and record notes to reduce manual administrative tasks. These combined capabilities create a unified environment that supports sales teams and individual sellers throughout the prospecting and engagement cycle.
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Persistent
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Africa Hardware startups

Africa's Climate Venture Builder - We believe in the power of climate-positive economic development in Africa. For the last decade, we have been working hand in hand with exceptional entrepreneurs, investing both financial and human capital to build successful climate ventures on the continent. Our companies offer competitive financial returns required to drive lasting impact.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Ghana, Germany, Switzerland

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • EcoNetix — EcoNetix provides a comprehensive solution for ensuring accurate and transparent data while actively contributing to the development of a greener planet and the fulfillment of UNIDO's Sustainable Development Goals.
  • Hohm Energy — We make the process of going solar simple. Generate your free, custom solar proposal and get matched with an accredited solar provider in under 5 mins.
  • Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • ACCIONA — At ACCIONA we offer sustainable solutions to the most urgent challenges facing the planet, such as global warming, energy needs and water shortages
  • ACWA Power — ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation, renewable energy and desalinated water production plants.
  • CreditAccess Grameen — CreditAccess Grameen Limited is a leading Indian microfinance, focused on providing micro-loans to women customers predominantly in rural areas across India.
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HoaQ
VC Fund · Dublin, Dublin, Ireland · 2 investments in Africa Hardware 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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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 66
  • Round size: Series B $5M–$41M; Debt Financing $2.7M–$135M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
  • Satya MicroCapital — Satya MicroCapital is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralised approval system.SATYA started its microfinance operations by adopting the “Joint Liability Group (JLG) Model” with adequate use of technology and new adaptations. JLGs of SATYA means implementationsof Joint Liability of group members which exists up to 10 instalments in Bi-Weekly collections. The Company believes in the ideology to bring social touch and high technology in the Indian microfinance industry.The JLG lending operation mainly focuses on a woman (in case of SATYA, her husband acts as co-borrower) through a credit product that allows her to start a new business or enhance her existing business as well. SATYA provides prompt, convenient and affordable collateral-free credit to people at the bottom of the pyramid through a strong credit assessment and centralized approval.The Company started its microfinance operation from Sikandrabad Branch, Bulandshar District of Uttar Pradesh and the first token disbursement was done in November 2016. SATYA utilized demonetization as an opportunity to rework on the business strategy through cashless transactions. SATYA is an institution build with a vision of change, transformation and will be a differentiator in financial inclusion space and its approach is well recognized by industry experts and professionals across different sectors. SATYA is committed to being a socially responsible organization with a focus on Health, Education, Financial Literacy, Nasha-Mukt Samaaj, Gender Equality, and Swachh Bharat. The Company is spreading social awareness messages in its area of operations.
  • Cassava Technologies — Cassava Technologies is an innovative technology company encompassing fiber networks, data centers, renewable energy, cloud & cybersecurity.
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 2 investments in Africa Hardware startups

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series B
  • Geography: India, Brazil, United States

Investor stats

  • Total investments: 503
  • Round size: Series B $6M–$45M; Debt Financing $20M–$400M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • AND Global — AND Global is a Financial Technology as a Services company that provides everything that a modern digital bank needs and more. The company was founded in 2015 and headquartered in Central Region, Singapore.
  • Salmon — Money is too important a part of people’s lives to be left in the hands of habit and tradition: to high-street banks, to petty street lenders, to pawn brokers, and the like. Every customer of financial services often feels that they deserve better, be it advantaged or disadvantaged, novice or expert, farmer, teacher, jeepney driver or officeworker.We — a team of finance professionals and entrepreneurs backed by world-class investors — come with the vision and capabilities to provide better and more inclusive service through a combination of technology, product design, security, data analytics and relentless focus on customer care.Managing one’s finances doesn’t need to be complex, frightening, boring or off-putting, it doesn’t have to be a chore. We aim to liberate our customers from the mundane and to quell their fears — providing our customers with more financial freedom while also saving their time and energy to focus on what truly matters to them in their daily lives.We are united by our experiences of building leading financial services and tech companies in various parts of the world — and by desire to apply our experience and modern technology for the benefit of millions of Filipinos.Not only have we built great financial and tech businesses, transforming industries in the process, but we also led large companies and banks through many economic cycles, keeping customers’ and investors’ money safe.We are building a financial technology business that works impeccably 24x365, creating thousands of jobs and provides easy access to finance for millions of Filipinos — and would love you see joining us in this journey, as a partner, vendor, employee, or a customer.
  • Fourth Partner Energy — Top renewable energy company in India offering solar, wind, and hybrid solutions for commercial & industrial sectors.
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Walid Aradi
Angel · 2 investments in Africa Hardware startups

Entrepreneur, investor. Advising global tech companies navigate through MENA+ regulatory environments, market entry and scaling

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Investment focus

  • Industry: Information Technology, Internet, Health Care
  • Stage:Seed, Angel, Series A
  • Geography: India, United States, Nigeria

Investor stats

  • Total investments: 23
  • Round size: Seed $150k–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Omnisient — Privacy-Preserving Data Collaboration platform enabling businesses to collaborate while ensuring consumer privacy and data protection.
  • Stitch — One API integration for enterprise online payments across South Africa. Accept Pay by bank, debit + credit card, cash, manual EFT, debit order and crypto.
  • Termii — Prevent transactions like logins, payments, checkouts, fraud alerts, and OTPs from failing using AI. Built for banks, fintechs and modern enterprises.
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Aster
VC Fund · Paris, Ile-de-France, France · 2 investments in Africa Hardware startups

Aster is a Venture Capital firm with offices in 4 major innovation hubs: Paris, London, Tel Aviv and San Francisco. Since 2000, they have partnered with more than 60 teams of entrepreneurs that are transforming markets with disruptive offers and technologies. They are always open to exploring new ideas related to mobility, energy and industrysectors that they have been covering until now. They invest in all stages, with a preference for the early phase.They are more than investors and they intend to act as an ally for entrepreneurs by connecting them to a valuable ecosystem of experts, influencers and business leaders. From marketing to executive talent, their commitment to the growth of their portfolio companies as well as the entire venture ecosystem also involves the commitment of their dedicated Operations team, their innovation strategy consulting firm (Aster Fab) and a crowdfunding branch to further expand opportunities (Aster Crowd).Some of their success stories include Solairedirect (acquired by Engie in 2015), Digital Lumens (acquired by Osram in 2017) and Avantium (IPOed in 2017).

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Investment focus

  • Industry: Energy, Software, Manufacturing
  • Stage:Series A, Series B
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 137
  • Round size: Series A $1.6M–$22M; Series B $6.6M–$27M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2017

Portfolio highlights

  • Easybike — Easybike designs and manufactures a range of bikes that run on electricity. It offers its clients two major ranges of bikes which includes Liberty range and Infinity range.The company is driven by a vision to democratize innovative mode of travel. Easybike was known as one of the first brands in France to have specialized in electric bikes andtailor-made solutions. Easybike was founded in 2010 and is based in Paris, France.
  • Iceotope — Iceotope develops liquid cooling technology for data centers, artificial intelligence infrastructure, and high-performance computing environments. The company designs precision liquid cooling systems that use dielectric fluids to manage heat generated by GPUs, CPUs, memory, storage, and power components within server infrastructure. Its platformreplaces or reduces dependence on traditional air cooling by using sealed liquid-based thermal management architectures for rack-scale and edge computing deployments. The company provides cooling solutions for AI workloads, hyperscale data centers, telecommunications infrastructure, industrial edge computing, and enterprise computing systems. Its product portfolio includes liquid-cooled server systems, rack infrastructure, thermal management platforms, and integrated cooling architectures compatible with existing data center environments.Iceotope also develops thermal management technologies focused on energy efficiency, heat reuse, and reduced water consumption in compute-intensive environments. The company collaborates with hardware manufacturers, semiconductor companies, and infrastructure providers to support the deployment of liquid-cooled computing systems for AI, analytics, and high-density computing applications.
  • Aether Fuels — Enabling a net zero world through sustainable liquid fuels.
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Soma Capital
VC Fund · San Francisco, California, United States · 2 investments in Africa Hardware startups

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: 928
  • Round size: Seed $1.2M–$9M; Pre-Seed $125k–$3.8M; Series A $6.5M–$35M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Mason America, Inc. — Mason is the device innovation platform for product leaders who dare to deliver the next innovation in their field.
  • Mudafy — Mudafy is a tech-enabled real estate broker for LatAm.
  • Gecko Robotics — To collect and make useful physical data in order to protect civilization's most critical infrastructure
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MNF Ventures
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • ZSystems — ZSystems is a transformative super app designed to redefine B2B trade.
  • Atlan Space — Building Artificial Intelligence to autonomously pilot any fixed wing drone, to monitor and take measures over very large areas
  • OnePay — OnePay is a fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions.
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Gabriel Hammond
Angel · New York, New York, United States · 2 investments in Africa Hardware startups

Gabriel is founder of Emles Advisors .

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Investment focus

  • Industry: Internet, Wireless, FinTech
  • Stage:Seed, Series A
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $2.1M–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • QuantumStreet AI — Powering $1.5 Billion in global assets, EquBot's AI investment platform with IBM Watson helps global investment professionals deliver custom AI portfolios with better outcomes through portfolios as a service (PaaS). EquBot's AI is utilized by some of the largest financial institutions like HSBC, Athene, and Amundi and reaches investorsall over the world, including the US, China, India, Singapore, Malaysia, and Russia. EquBot is an IBM partner and was started at UC Berkeley by a team from Intel, Goldman, and Fidelity.
  • wifi.com.ng — TIZETI (wifi.com.ng) has been deploying high speed internet access to estates, offices, multi-tenant building using next generation wi-Fi technology. They deploy unlimited internet to residential and business customers which allow customers get the full benefit of the internet with no data or time caps. They also offer VOIP and Video on Demandservices.
  • Creative Market — Creative Market is a marketplace for ready-to-use design assets, including fonts, graphics, templates, add-ons, photos, and themes, from independent creators around the world.
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Nama Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Africa Hardware startups

NAMA VENTURES TECH FOUNDERS FUNDING TECH STARTUPS LOOKING FOR FUNDING? APPLY NOW

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Investment focus

  • Industry: E-Commerce, Information Technology, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Saudi Arabia, Egypt, United States

Investor stats

  • Total investments: 53
  • Round size: Seed $120k–$5.6M; Pre-Seed $100k–$2.4M; Series A $5.2M–$35M
  • Lead/follow: 51% lead, 49% follow

Portfolio highlights

  • PIESHIP — Pieship is a logistics startup serving last mile and their customers using Ai and crowdsourcing.
  • Nodes — Talent Intelligence Layer for Regulated Industries
  • Rize — Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With its “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base andreceive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.
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Vy Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Africa Hardware startups

A global technology investment firm with a focus on category-defining technology companies with the potential to meaningfully impact humanity.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Series C, Series B
  • Geography: United States, India, China

Investor stats

  • Total investments: 92
  • Round size: Seed $1M–$5M; Series B $11M–$300M; Series C $10M–$675M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $354M in 2014

Portfolio highlights

  • Temple — A wearable that measures Brain Flow and everything else.
  • Counterpart — Counterpart is a management liability platform powered by big data and artificial intelligence that offers a range of insurance products complemented with a suite of services that proactively measure and mitigates exposures. Counterpart was founded in 2019 by Tanner Hackett and is based in Los Angeles, California, United States.
  • Neros Technologies — Neros is vertically integrating production of unmanned defense systems in the United States, securing the autonomous supply chain. Are you with us?
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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 2 investments in Africa Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 2214
  • Round size: Seed $1.5M–$10M; Series A $5.5M–$35M; Series B $12M–$79M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Tabs — Tabs provides AI-powered accounts receivable software to save time analyzing contracts, improve cash flow, and avoid billing errors.
  • Enact — Enact is a leading solar energy and solar software company serving homeowners, businesses, and installers. Get a free quote or request a demo today!
  • Beam — Smarter employee benefits including dental, vision, life, disability, and supplemental health. Our plans are easy to understand, implement, and use.
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Grand Bay Investments
VC Fund · Miami, Florida, United States · 2 investments in Africa Hardware startups

Grand Bay Investments is a privately-held investment management firm. Grand Bay Ventures invest capital with a long-term focus and can act as a single capital provider allowing us to move quickly to complete transaction into the lower middle-market firms.

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Investment focus

  • Industry: Data Center, Information Technology
  • Stage:Seed, Series A
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Omnisient — Privacy-Preserving Data Collaboration platform enabling businesses to collaborate while ensuring consumer privacy and data protection.
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At One Ventures
VC Fund · San Francisco, California, United States · 2 investments in Africa Hardware startups

At One Ventures finds, funds, and grows teams to catalyze a world where humanity is a net positive to nature.

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Investment focus

  • Industry: Energy, Manufacturing, Agriculture
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 75
  • Round size: Seed $2.9M–$15M; Series A $6.9M–$23M; Series B $17M–$70M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Finless Foods — Discover sustainable, cell-cultured seafood alternatives like bluefin tuna at Finless Foods, committed to ocean health and responsible food innovation.
  • Blue Energy — Modular power plants for modular nuclear reactors
  • Colossal Biosciences — The science of genetics. The business of discovery.
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