Top 5 Health Care Startup Investors in Ethiopia (September 2026)

Portfolio highlights

• Dune Packaging — Dune Packaging is a leading global paper packaging manufacturer, based in Kenya, offering a wide range of high-quality products.
• Kisumu Concrete Products — Kisumu Concrete Products is largest supplier of construction aggregates and the pargest producer of concrete products in Western Kenya.
• International Clinical Laboratories — ICL offers world-class laboratory services in Africa’s second most populous country, Ethiopia. ICL is the leading provider of laboratory services in Ethiopia with 6 locations in Addis Ababa and 7 branches across the country. ICL is the only laboratory in Africa to be accredited by the Joint Commission and certified by the Center for Disease Controland Prevention and the College of American Pathologists (CAP), while also being the exclusive referral partner for both Bioscentia and LabCorp.The Fund acquired a stake in ICL in the beginning of 2015. Since the investment, the Fund has e.g. supported ICL in implementing an ERP system and in opening one of Africa’s most advanced pathology department. Going forward the target is to develop ICL into a leading regional player and thus further improve the healthcare environment in Africa.

Portfolio highlights

• MAX — Make mobility accessible, safe, reliable, and sustainable for 1 billion Africans
• ARC Ride — Leading the emobility revolution in East Africa - starting with Kenya #emobilityrevolution
• Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.

Portfolio highlights

• Mauj — Mauj is a sexual and menstrual wellness company. Mauj is driven by a common goal to challenge the stigma and misinformation surrounding female sexuality in their region.
• LEIA — LEIA is an application that provides postpartum support for new parents.
• YeneHealth — We help women gain self-agency over their reproductive health through our period & pregnancy tracking app, online pharmacy and Telehealth services. #FEMTECH

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.
• MSU Green Energy — MSU Green Energy is a solar investment company that develops renewable energy and solar projects.

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!