Top 10 Hardware VC Funds & Investors in Mauritius (August 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
KFW DEG
VC Fund
|
2 | India, Kenya, United States | Debt Financing, Grant, Private Equity | Financial Services, Energy, FinTech | $100k–$350M |
|
Alumni Ventures
VC Fund
|
2 | United States, United Kingdom, Canada | Seed, Series A, Series B | Software, Artificial Intelligence, Information Technology | $1.5M–$79M |
|
SunFunder
VC Fund
|
2 | Kenya, Mauritius, United States | Debt Financing, Series C | Solar, Energy, Renewable Energy | $1.5M–$60M |
|
TRINE
VC Fund
|
2 | Kenya, Germany, Vietnam | Debt Financing | Solar, Energy, Renewable Energy | $898k–$6.1M |
|
Newfund
VC Fund
|
2 | France, United States, Canada | Seed, Series A | Software, Information Technology, SaaS | $1.1M–$15M |
|
Bonfire Ventures
VC Fund
|
2 | United States, Canada, France | Seed, Series A, Series B | Software, SaaS, Information Technology | $1.7M–$50M |
|
International Finance Corporation
VC Fund
|
1 | India, Brazil, United States | Debt Financing, Post-IPO Debt | Financial Services, Finance, Banking | $20M–$420M |
|
Lundin Foundation
VC Fund
|
1 | Kenya, Mauritius | Series A, Series D | Mobile, Apps, Energy | |
|
Persistent
VC Fund
|
1 | Ghana, Germany, Switzerland | Seed, Series A | Energy, Solar, Renewable Energy | $500k–$10M |
|
Acumen
VC Fund
|
1 | United States, India, Kenya | Seed, Series A | Health Care, Agriculture, Financial Services | |
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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.
Show more...Investment focus
- Industry: Financial Services, Energy, FinTech
- Stage:Debt Financing, Grant, Private Equity
- Geography: India, Kenya, United States
Investor stats
- Total investments: 124
- Round size: Grant $100k–$1.1M; Debt Financing $10M–$350M; Private Equity $11M–$274M
- Lead/follow: 38% lead, 62% follow
Portfolio highlights
- Fibra Nova — Fibra Nova is a real estate investment trust that specializes in the acquisition, management, and development of properties for leasing.
- Combio Energia — ComBio Energia Provide energy generation solutions with renewable sources, creating, growing, and long-term economic value. They develop projects for steam generation and cogeneration of electricity with biomass, which promote environmental improvements and significant cost reductions for customers in the industrial segment. They offer, based on adetailed analysis of the needs of each customer, a dedicated energy solution, adapted to their consumption profile.
- 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.
Access curated startup investment opportunities and diversified venture capital exposure designed for accredited investors.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Seed, Series A, Series B
- Geography: United States, United Kingdom, Canada
Investor stats
- Total investments: 1791
- Round size: Seed $1.5M–$10M; Series A $5.5M–$37M; Series B $11M–$79M
- Lead/follow: 7% lead, 93% follow
- Last fund: Likely actively investing — fund raised in 2025
Portfolio highlights
- NextDroid — NextDroid - We're Doing Something Different
- 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!
- ARRIS — Using next-gen advanced manufacturing technologies, ARRIS Composites produces smarter, lighter, stronger, and more sustainable products at scale.
SunFunder is a specialist financing company dedicated to pioneering and scaling clean energy and climate investments in emerging markets.
Show more...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.
Trine makes it easy for people to invest in solar energy in growing markets, offering a return on investment that's good for people, for planet and for profit.
Show more...Investment focus
- Industry: Solar, Energy, Renewable Energy
- Stage:Debt Financing
- Geography: Kenya, Germany, Vietnam
Investor stats
- Total investments: 11
- Round size: Debt Financing $898k–$6.1M
- Lead/follow: 73% lead, 27% follow
Portfolio highlights
- Miale Solar — Miale Solar Inventions offer Power Purchase- or Lease to Own Agreements solar PV systems generating electricity with positive cash flow from year one
- Stride — Stride is a forward-thinking renewable energy firm to advance a sustainable future by providing eco-friendly home renovation projects, smart home technology, energy-efficient products, and solar energy access to every household.
- Altech Group — Altech Group aims at expanding access to clean, renewable, and affordable energy both for poor-grid and off-grid households.
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.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: France, United States, Canada
Investor stats
- Total investments: 183
- Round size: Seed $1.1M–$6M; Series A $2.2M–$15M
- Lead/follow: 44% lead, 56% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- Moodwork — Moodwork is the digital solution for Quality of Life at Work. Numerous scientific research around the quality of life at work has led to a better knowledge of the professional world.
- AI-Stroke — Developer of an artificial intelligence-powered mobile application designed to assist in pre-CT/MRI stroke diagnostics. The company offers a platform that guides first responders and patients through relevant exercises for stroke detection, captures and analyzes video data, and leverages the world's largest proprietary stroke patientvideo dataset (20,000 videos and 6 million images), enabling patients with a diagnosis and outcomes by reducing delays in treatment for stroke, increasing the number of treatment procedures, and recuding the rehab costs.
- Brightflow AI — Self driving finance: Simple and easy analysis on cash flow
Bonfire Ventures leads Seed rounds for business software solutions company founders transforming the industries they target.
Show more...Investment focus
- Industry: Software, SaaS, Information Technology
- Stage:Seed, Series A, Series B
- Geography: United States, Canada, France
Investor stats
- Total investments: 156
- Round size: Seed $1.7M–$8.9M; Series A $5M–$26M; Series B $15M–$50M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely actively investing — fund raised in 2025
Portfolio highlights
- 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.
- Vali Health — Vali Health delivers AI-driven software that automates core workflows for home care agencies, including scheduling, hiring, compliance tracking, and routine communication. The platform functions as a virtual assistant that operates around the clock, coordinating shifts, sending reminders, and handling common administrative tasks through digitalchannels. Vali Health focuses on reducing manual workload for office staff while improving responsiveness to caregivers and clients. The system supports caregiver retention by sending personalized messages such as birthday greetings, shift follow-ups, and check-ins that acknowledge individual contributions. Integrations with existing home care management tools aim to keep client information, caregiver availability, and documentation aligned. Analytics features help agency leaders monitor staffing patterns, engagement levels, and operational bottlenecks so that adjustments can be made in real time. By embedding automation into everyday processes, Vali Health encourages more consistent communication and smoother coordination of in-home services.
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.
Show more...Investment focus
- Industry: Financial Services, Finance, Banking
- Stage:Debt Financing, Post-IPO Debt
- Geography: India, Brazil, United States
Investor stats
- Total investments: 643
- Round size: Post-IPO Debt $45M–$420M; Debt Financing $20M–$400M
- Lead/follow: 63% lead, 37% follow
Portfolio highlights
- Odeabank — Odeabank provides finance, credit, loan, foreign trade, investment, cash management and deposit services for individuals and businesses.
- TerraPay — TerraPay, a mobile-first international payment network, has been founded with the vision to send money to any mobile. TerraPay interconnects financial services providers -- mobile wallet service providers, money transfer operators, banks and payment platforms – to create a “one network” for secure and seamless transnational movement of funds. Thenetwork facilitates a broad transaction set including interpersonal transfers, e-payments and government disbursements.TerraPay is platform agnostic and supports standard open APIs for integration with any mobile wallet provider. Through a single connection, partners gain access to a global payment network enabling rapid services up-scaling whilst minimizing Opex and Capex investments. As a fully regulated financial intermediary services network, TerraPay offers services beyond principal core transaction, routing and processing functions and assumes end-to-end responsibility for, regulatory compliance foreign exchange management and funds settlement.
- Radana Bhaskara Finance — Radana Finance menyediakan fasilitas pembiayaan bagi para pengusaha & korporasi.
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.
Show more...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
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.
Show more...Investment focus
- Industry: Energy, Solar, Renewable Energy
- Stage:Seed, Series A
- Geography: Ghana, Germany, Switzerland
Investor stats
- Total investments: 25
- Round size: Seed $500k–$1.3M; Series A $1.1M–$10M
- Lead/follow: 84% lead, 16% follow
Portfolio highlights
- Dodai — Dodai manufactures and assembles the electric motorcycles.
- EcoNetix — Leading Carbon Asset Manager for voluntary and compliance markets (CORISA, Art.6), we help companies reduce emissions, offset with high-integrity credits, and communicate impact.
- Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.
Show more...Investment focus
- Industry: Health Care, Agriculture, Financial Services
- Stage:Seed, Series A
- Geography: United States, India, Kenya
Investor stats
- Total investments: 144
- Lead/follow: no public data
Portfolio highlights
- BioMassters — Biomassers aim to replace charcoal production and charcoal cooking by providing modern, affordable, and low-carbon pellet fuel production and cooking solutions based on locally produced fuel from waste materials.
- Reema Health — Transforming the way people navigate the gaps between health care and social care. Reema combines a 24/7 AI-based confidant with in-person community guides to help people meet their social needs.
- Raino Tech4Impact — Raino Tech4Impact is a social enterprise that leverages technology as an enabler to empower African communities. We have been deploying technology-driven solutions in agriculture and health, powered by renewable energy to achieve sustainability.
Hardware VC funding in Mauritius at a glance
Stats across 39 deals from 41 investors.
Access all 41 VC funds in Mauritius Hardware startups.
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