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Top 15 Hardware Startup Investors in Ghana (June 2026)

The most active venture capital funds and angel investors investing in Ghana Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ghana Hardware startup companies. Find investors to raise a Seed, Series A or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
GreenTec Capital Partners
VC Fund
2 Kenya, Nigeria, Morocco Seed, Pre-Seed Information Technology, Retail, Computer $50k–$1M
54 Collective
VC Fund
2 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech $40k–$4M
SunFunder
VC Fund
1 The Netherlands, Kenya, Mauritius Debt Financing, Series C Solar, Energy, Renewable Energy $1.5M–$60M
Aster
VC Fund
1 France, United States, United Kingdom Series A, Series B Software, Energy, Manufacturing $1.6M–$27M
THE WORLD BANK
VC Fund
1 United States, South Africa, China Grant, Seed, Series B Financial Services, FinTech, Internet $5k–$500M
E3 Capital
VC Fund
1 Kenya, South Africa, United States Seed, Series A, Series B Energy, Solar, Renewable Energy $1.3M–$40M
Standard Bank
VC Fund
1 South Africa, Ghana, United States Debt Financing, Post-IPO Debt, Seed FinTech, Financial Services, Energy $1M–$330M
Oikocredit International
VC Fund
1 India, Nigeria, Kenya Debt Financing, Series B Financial Services, Finance, FinTech $1.1M–$273M
Investisseurs & Partenaires
VC Fund
1 France, Senegal, Côte d'Ivoire Seed, Series A Financial Services, Health Care, Food and Beverage
Engie
VC Fund
1 Singapore, United States, India Seed, Series A Energy, Solar, Renewable Energy $658k–$22M
Persistent
VC Fund
1 Ghana, Germany, Switzerland Seed, Series A Energy, Solar, Renewable Energy $500k–$10M
DEG
VC Fund
1 India, South Africa, Ghana Debt Financing, Grant Financial Services, FinTech, E-Commerce $100k–$33M
EDFI ElectriFI
VC Fund
1 United States, Kenya, France Debt Financing, Series A Energy, Solar, Renewable Energy $110k–$30M
ImpactAssets
VC Fund
1 United States, Ghana, India Seed, Series A, Pre-Seed Software, Health Care, Biotechnology $500k–$35M
British International Investment
VC Fund
1 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance $10M–$100M
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Investor list

GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Ghana Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in Ghana 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: 107
  • Round size: Seed $40k–$4M; Pre-Seed $40k–$1.3M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • mTek — mTek is a digital online insurance platform that provides an entirely paperless ecosystem for the insurance industry.
  • 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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SunFunder
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Ghana 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: The Netherlands, Kenya, Mauritius

Investor stats

  • Total investments: 19
  • Round size: Series C $20M–$60M; Debt Financing $1.5M–$50M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2020

Portfolio highlights

  • BioLite — BioLite designs off-grid personal scale energy products for cooking, charging, and lighting. Perfect for camping, fishing, tailgating, power outages, and more.
  • Yellow — Yellow enables a distributed network of sales agents to serve rural households with life-changing products and services through a digital technology platform called Ofeefee.
  • d.light — Founded in 2007 as a for-profit social enterprise, d.light manufactures and distributes award-winning solar lighting and power products designed to serve the more than 2 billion people globally without access to reliable electricity. Through five distribution hubs in East Africa, West Africa, India, Southeast Asia, and the United States, d.lighthas impacted over 65 million lives with its products. d.light is dedicated to providing the most reliable, affordable, and accessible solar lighting and power systems for the developing world, with the goal of reaching 100 million people by 2020. For more information, visit www.dlight.com.
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Aster
VC Fund · Paris, Ile-de-France, France · 1 investments in Ghana 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: Software, Energy, Manufacturing
  • Stage:Series A, Series B
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 136
  • Round size: Series A $1.6M–$22M; Series B $6.6M–$27M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2017

Portfolio highlights

  • Iceotope — Iceotope has developed technology with a blank drawing board and an open mind. So when we look at conventional problems, we find unconventional solutions.Built around our liquid-cooling approach and shaped by an extensive portfolio of patents, we’ve proven what our technology can do for HPC and data centre applications - dramatically reducingenergy consumption, space and noise. But it’s just the start. We’re going to keep innovating, working toward a day when wasteful, inefficient air-cooling is a thing of the past. We have created a business to look forward, but we’re also proud of the heritage that British engineering is built on. Iceotope is delighted to own the Made in Sheffield mark to show our dedication to the area’s tradition of engineering excellence. With decades of technical, design and engineering experience, we’ve established Iceotope as a trusted partner at the forefront of liquid-cooling technology. Now we’re investing to make sure we stay there: refining our designs, improving performance and engineering new applications.
  • Swiftly — Harness your public transit data with Swiftly's urban mobility solutions to make your city's mass transportation move more efficiently.
  • Neural Concept — Neural Concept is the first AI software for enhanced engineering. Leverage your historical CAD and CAE data to drastically shorten and improve your design cycles.
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THE WORLD BANK
VC Fund · Washington, District of Columbia, United States · 1 investments in Ghana Hardware startups

With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Grant, Seed, Series B
  • Geography: United States, South Africa, China

Investor stats

  • Total investments: 38
  • Round size: Seed $50k–$1M; Grant $5k–$500M; Series B $421k–$43M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Imperative Global — Imperative Global is an environmental consulting company that provides carbon offset and environmental asset projects.
  • Kee Farms Foundation — The Kee Farms Foundation is a non-profit organization that works to mitigate climate change through regenerative ocean and land agriculture.
  • Democratic Republic of Congo — DRC is an investment management company that provides portfolio advisory, asset allocation, and wealth management services.
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E3 Capital
VC Fund · Paris, Ile-de-France, France · 1 investments in Ghana 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: 45
  • Round size: Seed $1.3M–$8M; Series A $1.8M–$7.5M; Series B $8.5M–$40M
  • Lead/follow: 49% lead, 51% 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.
  • Insight Terra — Insight Terra supports data driven risk management in critical situations where business operations, people and the environment all come together.
  • Open Access Energy — South Africa's first multilateral wheeling software platform that automates energy transactions.
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Standard Bank
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in Ghana Hardware startups

Open a bank account, get a personal or business loan, make offshore investments and sign up for Internet Banking.

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Investment focus

  • Industry: FinTech, Financial Services, Energy
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: South Africa, Ghana, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $1M–$1.5M; Post-IPO Debt $17M–$330M; Debt Financing $75M–$300M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Optasia — Optasia is a financial technology company. They develop airtime credit and mobile value-added services for mobile operators and financial institutions. They also provide financial solutions that utilize proprietary analytics tools, including micro cash loans, handset loans, credit services for pre-paid utilities, dynamic feed trends, big dataanalytics, and other related services.
  • Engineers & Planners — Engineers & Planners conducts contract mining services with expertise in mining environments.
  • Anglo American Platinum — Anglo American Platinum Limited is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Based in South Africa, most of the group's operations lie to the northwest and northeast of Johannesburg.
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Oikocredit International
VC Fund · Amersfoort, Utrecht, The Netherlands · 1 investments in Ghana Hardware startups

Invest in People with Oikocredit and use your money to create change. giving people opportunity to build better lives. Invest Now

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series B
  • Geography: India, Nigeria, Kenya

Investor stats

  • Total investments: 48
  • Round size: Series B $3.5M–$8.8M; Debt Financing $1.1M–$273M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
  • YoFio — YoFio
  • Sindhuja Microcredit — Sindhuja Microcredit is a new generation digital and rural-focused Micro Finance Institution (MFI) providing financial services to the bottom of the pyramid self-employed women entrepreneurs.
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Investisseurs & Partenaires
VC Fund · Paris, Ile-de-France, France · 1 investments in Ghana Hardware startups

Investisseurs et Partenaires

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Investment focus

  • Industry: Financial Services, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: France, Senegal, Côte d'Ivoire

Investor stats

  • Total investments: 103
  • Lead/follow: no public data

Portfolio highlights

  • iProcure — iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-timeagent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.
  • Trackbit — Trackbit is a cryptocurrency exchange platform.
  • Lapaire — Discover a wide range of high-quality & affordable eyeglasses at Lapaire Glasses. Book a free vision test with our professional optometrists to help you find your perfect pair of glasses to enhance your vision and style. Shops in 7 african countries: Benin, Ivory Coast, Togo, Burkina Faso, Mali, Kenya and Uganda.
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Engie
VC Fund · Paris, Ile-de-France, France · 1 investments in Ghana Hardware startups

ENGIE is a global energy player and an expert operator in the three key sectors of electricity, natural gas and energy services. The Group supports changes in society that are based as much on economic growth as on, social progress and the preservation of natural resources. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20). As a global energy player, ENGIE operates in close to 70 countries on 5 continents. While the Group still intends to maintain its position as a key player in Europe and a leader on the energy transition, it is now a benchmark energy provider in the emerging world.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Singapore, United States, India

Investor stats

  • Total investments: 33
  • Round size: Seed $658k–$2.5M; Series A $4.3M–$22M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • Amplicity — Amplicity is a Singapore-based energy technology company that provides a turnkey solution to transform idle industrial backup batteries (such as UPS systems at data centers and factories) into revenue-generating smart energy assets. By integrating hardware and software controls, the company enables these systems to participate in energy trading,demand response, and grid services, helping industrial sites reduce energy costs, decrease reliance on diesel, and meet decarbonization goals.
  • TablePointer — TablePointer is the A.I. and intelligent energy solution for small & medium commercial facilities to optimise energy efficiency, manage assets, upgrade profitability, and unlock sustainability gains right away.
  • EIT InnoEnergy — InnoEnergy is industrialising clean tech innovation for a net zero economy. We invest in startups and build industrial value chains.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Persistent
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Ghana 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: 23
  • Round size: Seed $500k–$1.4M; Series A $1.1M–$10M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • EcoNetix — We help companies reduce emissions, offset with high-integrity carbon projects, and communicate impact transparently to achieve compliance certainty, climate
  • Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
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DEG
VC Fund · Overland Park, Kansas, United States · 1 investments in Ghana Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 61
  • Round size: Series A $2.2M–$30M; Debt Financing $110k–$10M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • BURN — The future of clean cooking
  • GOGO Electric
  • Powergen Renewable Energy — PowerGen is leading the clean energy transition in Africa as a developer, builder, and operator of solar mini-grids throughout the continent. PowerGen is backed by sector leaders including Shell, Acumen, Omidyar Network, Sumitomo, DOB Equity, ElectriFI, REPP, and the Rockefeller Foundation. PowerGen has pioneered the solar mini-grid sector inAfrica and is a founding member of the Africa Mini-grid Developers Associaiton (AMDA).
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ImpactAssets
VC Fund · Bethesda, Maryland, United States · 1 investments in Ghana Hardware startups

ImpactAssets is the preeminent partner for impact investing and philanthropic giving for individuals, families and a range of organizations that want to create positive change for the world.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Ghana, India

Investor stats

  • Total investments: 24
  • Round size: Seed $500k–$4M; Pre-Seed $1.3M–$3.1M; Series A $4.3M–$35M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Afterwind — Afterwind® exists to preserve natural resources for future generations by recycling glass fibre assets into circular advanced materials with full traceability.We help asset owners and industrial manufacturers in Advanced Materials, Renewable Energy, and Construction recover and reuse end-of-life and byproduct materials without compromising theiroriginal properties, including glass and carbon fibres, PET and PVC foams, and resin powders.Team Afterwind is expanding across Europe, working on- or near-site to help our clients cut costs, CO2, and risks, while supplying stable, high-quality, circular advanced materials that deliver on EU Taxonomy and green targets.
  • Affinity — Join over 125,000 who trust the Affinity mobile app to manage their banking needs, from savings to payments, as well as instant loans
  • ChipAgents — Alpha Design AI is reinventing semiconductor design and verification through advanced AI agent techniques. Alpha Design AI is pioneering an AI-native approach to Electronic Design Automation (EDA), transforming how chips are designed and verified. Our flagship product, ChipAgents, aims to boost RTL design and verification productivity by 10x,driving innovation across industries with smarter, more efficient chip design.
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British International Investment
VC Fund · London, England, United Kingdom · 1 investments in Ghana Hardware startups

British International Investment is the UK's development finance institution. We've been at the forefront of supporting companies in developing countries for more than 70 years.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 187
  • Round size: Series B $12M–$70M; Debt Financing $10M–$100M
  • Lead/follow: 51% lead, 49% follow

Portfolio highlights

  • Ecom Express — Ecom Express is an end-to-end technology-enabled logistics solutions provider to the Indian e-commerce industry. It provides logistics services in over 2,650 towns across 27,000+ pin codes in India, covering 95%+ of India’s population. Its clients include India's largest e-commerce players, with the Company delivering almost 1 millionshipments per day via 2,800 delivery centers. This team has a varied and rich experience of over 100 years in the Indian Express Industry. The Company is formed for catering to the dynamic needs of the electronic commerce industry which is growing by leaps and bounds. There is no single Company currently equipped completely to cater to the needs of this fast-growing industry which is seeing changes every day.It was founded in 2012 and is headquartered in New Delhi, India.
  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
  • Solon Capital Holdings — Solon Capital Partners is a West-Africa focused investment manager that is pioneering a new approach to economic development and poverty reduction in fragile and post-conflict states.
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