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Top 5 Hardware Startup Investors in Mauritius (June 2026)

The most active venture capital funds and angel investors investing in Mauritius Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Mauritius Hardware startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Bonfire Ventures
VC Fund
2 United States, Canada, France Seed, Series A, Series B Software, SaaS, Information Technology $2M–$50M
KFW DEG
VC Fund
2 India, Kenya, United States Debt Financing, Grant Financial Services, Energy, FinTech $100k–$570M
Newfund
VC Fund
2 France, United States, Canada Seed, Series A Software, Information Technology, SaaS $1.1M–$15M
Alumni Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.4M–$79M
Lundin Foundation
VC Fund
1 Kenya, Mauritius Series A, Series D Mobile, Apps, Energy
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Investor list

Bonfire Ventures
VC Fund · Santa Monica, California, United States · 2 investments in Mauritius Hardware startups, 11 in the past 12 months

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: 147
  • Round size: Seed $2M–$9M; Series A $5M–$25M; Series B $15M–$50M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Odynn
  • Juno — Juno offers automation for modern tax firms, focusing on research, preparation, review, and advisory services. The software includes structured tax review features that ensure consistent checks and enhance quality control in tax preparation processes.
  • Ranger AI — Discover how Ranger RFX simplifies proposals with innovative tools designed for manufacturers. Improve accuracy, reduce downtime, and achieve cost savings today.
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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Mauritius 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, Energy, FinTech
  • Stage:Debt Financing, Grant
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 111
  • Round size: Grant $100k–$1.1M; Debt Financing $10M–$570M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Etana — PT Etana Biotechnologies Indonesia (Etana) is an emerging producer of high-quality, affordable and innovative biopharmaceuticals to treat a range of metabolic, autoimmune and other major life-threatening diseases, including cancer. Nathan Tirtana. Legend Capital. UOB Venture Management. Innovent Bio
  • 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.
  • Fourth Partner Energy — Top renewable energy company in India offering solar, wind, and hybrid solutions for commercial & industrial sectors.
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Newfund
VC Fund · Paris, Ile-de-France, France · 2 investments in Mauritius Hardware startups

Newfund is a $300M entrepreneurial VC firm dedicated to pre-seed and seed investments in France and North America, in companies driving global change. The company is always looking for founders who are driven to realize a vision that will significantly alter the world in which we live. In order to appreciate what entrepreneurs are creating andutilize their strengths, Newfund aims to comprehend entrepreneurs as unique individuals.

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Investment focus

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

Investor stats

  • Total investments: 177
  • Round size: Seed $1.1M–$6M; Series A $2.2M–$15M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Pliant.io — Pliant​ ​makes​ ​it​ ​possible​ ​to​ ​quickly​ develop​ ​and​ ​deploy​ ​IT​ ​automation​ in​ ​response​ ​to​ ​the changing​ demands​ of​ ​complex​ ​business​ processes. The company was established in 2017 and is based in Boston, Massachusetts.
  • REEV — REEV motorizes medical orthoses to help millions of people affected by gait disorders to walk, stand, sit and climb stairs with greater ease every day.
  • PyxiScience — Adaptive math exercises, AI-assisted grading of handwritten papers, and personalized learning paths for 10,000+ students.
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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 2 investments in Mauritius 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: 1429
  • Round size: Seed $1.4M–$10M; Series A $5.2M–$37M; Series B $12M–$79M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Verishop — Shop designer clothing, shoes, bags and accessories from top Italian boutiques. Discover the latest luxury fashion at competitive prices with global shipping.
  • Lincode — The #1 business challenge that manufacturers identify is quality management. As new manufactured products continue to enter the market and consumer expectations shift faster than ever, factories are looking to improve their quality systems while scaling operations and cutting costs. At Lincode, we enable manufacturers to improve the speed, accuracy, and data tracking capabilities of their quality inspection systems at scale.
  • Arda Therapeutics — Arda Therapeutics is a biotechnology company taking aim at chronic diseases and aging by eliminating the pathogenic cells that drive these conditions. Their approach starts by using single-cell data to identify pathogenic cells and specific markers to target them. They then design therapies to eliminate these - and only these - cells.Arda wasfounded in 2021 in the San Francisco Bay Area, CA.
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Lundin Foundation
VC Fund · Vancouver, British Columbia, Canada · 1 investments in Mauritius Hardware startups

The Lundin Foundation is a philanthropic organization founded originally by the Lundin family. The Foundation is currently supported by a number of publicly traded natural resource companies committed to the highest standards of corporate responsibility. The Lundin Foundation embodies the entrepreneurial spirit of the Lundin family. TheFoundation provides risk capital in the form of investments into high potential small- and medium-sized businesses, with a view to generating wealth and employment needed to alleviate poverty on a sustained basis. It also provides strategic grants to early stage innovations and for technical and managerial assistance.

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Investment focus

  • Industry: Mobile, Apps, Energy
  • Stage:Series A, Series D
  • Geography: Kenya, Mauritius

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Esoko Networks — Improve the quality and efficiency of surveys, last mile service delivery and support organizations to seamlessly manage development projects on tech-enabled platform
  • M-KOPA — M-KOPA is the global leader for “pay-as-you-go” energy services for off-grid customers. M-KOPA was established in 2011. Following 2 years of piloting and development, M-KOPA began commercial sales in Kenya in October 2012. M-KOPA expanded to Uganda in 2013 and commences operations in Tanzania in late 2014. Their team includes over 500 staff andwe sell our product through more than 1000 retail agents and shops. The founders of the company are experienced mobile technology innovators who believe in the huge potential of transformative, affordable products designed for underserved consumers. While excellent technology is a pre-requisite, technology alone does not solve for customer needs. Success comes when smart technology is combined with a commitment to on-going, on-the-ground delivery. To that end, M-KOPA is beginning to license its technology to experienced and reputable third parties in markets outside of East Africa (licensing queries should be sent to licensing@m-kopa.com). M-KOPA has developed a proprietary, patented technology platform that combines embedded GSM + mobile payments to revolutionize asset financing in emerging markets. The M-KOPAnet platform has been designed and built from the ground up by our talented team of software engineers, who continue to innovate and improve the system every day. It offers the powerful combination of accounting + customer relationship management + inventory tracking in one complete system. Aside from enabling our business operations to scale at record speed, the M-KOPAnet™ platform captures and processes huge volumes of data, enabling us to improve our proposition, customer service, and security in real-time.
  • Umati Capital — We specialize in online gaming All games are secure, and the payouts are fast. Everyone will find an experience that fits them here. Read More Top Gaming Community Feel The Thrill Games comprise table and card games that are dominant in today's gambling lifestyle and activity. Play in the palm of your hand.A classic that
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Hardware Investor funding in Mauritius at a glance

Stats across 33 deals from 38 investors.

38
investors
in Mauritius Hardware startups
33
deals
in Mauritius Hardware startups
$60M
median round
in Mauritius Hardware startups
50%
lead investors
lead at least one round
42%
Debt Financing
most common funding stage
100/0
VC / Angel
share of investor count

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