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Top 5 Health Care VC Funds & Investors in Ethiopia (October 2026)

The most active venture capital funds investing in Ethiopia Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ethiopia Health Care startup companies. Find investors to raise a Seed, Series A or Grant round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Novastar Ventures
VC Fund
2 Kenya, Nigeria, United States Series A, Series B Agriculture, Health Care, FinTech $1M–$42M
Ascent Capital Africa Ltd
VC Fund
2 Kenya, Uganda, Ethiopia Venture - Series Unknown Health Care, Mobile, Consumer $2.5M–$2.5M
The Case for Her
VC Fund
2 Israel, Sweden, Ethiopia Angel, Pre-Seed, Seed Wellness, Women's, Health Care $500k–$664k
KFW DEG
VC Fund
1 India, Kenya, United States Debt Financing, Grant, Post-IPO Debt Financial Services, Energy, FinTech $100k–$820M
Oxfam’s Enterprise Development Programme
VC Fund
1 Uganda, Tunisia, Ethiopia Grant, Seed, Series A Information Technology, AgTech, Retail $14k–$220k
Access all 14 VC funds in Ethiopia Health Care startups.

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Investor list

Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Ethiopia Health Care startups

For the many, not just the few. For good.

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Investment focus

  • Industry: Agriculture, Health Care, FinTech
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 73
  • Round size: Series A $1M–$23M; Series B $3.5M–$42M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fresh fund, raised $147M in 2026

Portfolio highlights

  • MAX — Make mobility accessible, safe, reliable, and sustainable for 1 billion Africans
  • ARC Ride — Affordable, reliable and clean e-mobility solutions for rapidly growing African cities.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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Ascent Capital Africa Ltd
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 2 investments in Ethiopia Health Care startups

Ascent is a private equity fund investing responsibly in high-potential SMEs across Kenya, Ethiopia and Uganda, building East Africa's enterprise champions.

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Investment focus

  • Industry: Health Care, Mobile, Consumer
  • Stage:Venture - Series Unknown
  • Geography: Kenya, Uganda, Ethiopia

Investor stats

  • Total investments: 6
  • Round size: Venture - Series Unknown $2.5M–$2.5M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — raised $120M in 2021

Portfolio highlights

  • Dune Packaging — Dune Packaging is a leading global paper packaging manufacturer, based in Kenya, offering a wide range of high-quality products.
  • African Queen Ltd — African Queen is a privately owned Ugandan company specializing in importing, distributing and marketing high quality products including hair care, personal care, home care and foods.
  • Kisumu Concrete Products — Kisumu Concrete Products is largest supplier of construction aggregates and the pargest producer of concrete products in Western Kenya.
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The Case for Her
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Ethiopia Health Care startups

Amplifying the issues of menstruation and female sexual health and pleasure through funding and advocacy at The Case for Her.

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Investment focus

  • Industry: Wellness, Women's, Health Care
  • Stage:Angel, Pre-Seed, Seed
  • Geography: Israel, Sweden, Ethiopia

Investor stats

  • Total investments: 6
  • Round size: Angel $500k–$664k
  • Lead/follow: 67% lead, 33% follow

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 — YeneHealth is a femtech startup leveraging technology and artificial intelligence to put power back into the hands of African Women.
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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 1 investments in Ethiopia Health Care 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, Post-IPO Debt
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 127
  • Round size: Grant $100k–$1.1M; Post-IPO Debt $12M–$820M; Debt Financing $15M–$350M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • 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.
  • Banco de Occidente, S.A. — Banco de Occidente is the fifth largest bank in Colombia by asset level and portfolio at June 30, 2016. It has national coverage and a portfolio of integrated products and services, offered through a network of 241 offices and 336 ATMs 9,671 banking correspondents and other features.
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Oxfam’s Enterprise Development Programme
VC Fund · Oxford, Oxfordshire, United Kingdom · 1 investments in Ethiopia Health Care startups

Oxfam’s Enterprise Development Programme (EDP) is an innovative model that provides support to entrepreneurs in some of the world’s poorest countries to help them create and build viable, sustainable businesses. The resulting jobs and associated opportunities provide benefits for both the employees and the wider communities around them, liftingsome of the world’s poorest families out of poverty.

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Investment focus

  • Industry: Information Technology, AgTech, Retail
  • Stage:Grant, Seed, Series A
  • Geography: Uganda, Tunisia, Ethiopia

Investor stats

  • Total investments: 4
  • Round size: Grant $14k–$220k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • HelloTask — Hellotask is an Uber-like technology platform to connect verified and skilled domestic helpers to users on-demand basis.In Bangladesh, it usually takes more than 7 days to source a domestic helper through social relationships and word of mouth. Further, the average salary of a domestic helper is below US$70 per month. Hellotask gives its usersan Uber-like user experience to hire a helper in 5 minutes and gives the helper income opportunity up to 3X through a skill-based training program. In partnership with international development organizations including Oxfam GB and BRAC, Hellotask is working to train more than 16,000 domestic helpers to formalize the care economy through its platform. The World Bank also recently partnered with Hellotask to conduct a 2 year-long research on the impact they are creating in the care economy in Bangladesh. Hellotask envisions to revolutionize the care-economy across Asia.
  • Farm Trust — Farm Trust is an E-commerce platform for fruits and vegetables that provide traceability through blockchain.
  • River Poultry — River Poultry is addressing a critical gap in Uganda's poultry industry. Consumers struggle to differentiate between fresh, high-quality eggs and those that are potentially spoilt. Simultaneously, farmers grapple with low profitability due to inefficient production and limited market information.To tackle these challenges, we'vedeveloped Kuevos-AI, an advanced egg-scanning technology that accurately detects defects and determines egg freshness. This ensures consumers receive only the highest quality products while empowering farmers to make data-driven decisions. Additionally, our AI-powered systems predict market demand, enabling us to optimize production and reduce waste. By combining these innovative solutions, River Poultry is enhancing food safety, increasing farmer incomes, and building a sustainable poultry value chain.
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Health Care VC funding in Ethiopia at a glance

Stats across 15 deals from 14 investors.

14
investors
in Ethiopia Health Care startups
15
deals
in Ethiopia Health Care startups
$1.4M
median round
in Ethiopia Health Care startups
71%
lead investors
lead at least one round
27%
Non-equity Assistance
most common funding stage

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