Top 5 Health Care VC Funds & 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

• 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.