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Top 5 Impact Startup Investors in Zambia (August 2026)

The most active venture capital funds and angel investors investing in Zambia Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Zambia Impact startup companies. Find investors to raise a Pre-Seed, Seed or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
EDFI ElectriFI
VC Fund
2 United States, Kenya, France Debt Financing, Series A Energy, Solar, Renewable Energy $110k–$30M
Goneke Investment Group
VC Fund
2 Zambia Seed, Private Equity Energy, Oil and Gas, Project Management
Opes Impact Fund
VC Fund
1 Italy, Kenya, India Venture - Series Unknown, Seed Communities, Agriculture, Energy $219k–$910k
GreenTec Capital Partners
VC Fund
1 Kenya, Nigeria, Morocco Seed, Pre-Seed, Venture - Series Unknown Logistics, Information Technology, Retail $50k–$1M
InfraCo Africa
VC Fund
1 Kenya, India, France Seed, Series B Renewable Energy, Solar, Energy $1.5M–$28M
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Investor list

EDFI ElectriFI
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Zambia Impact startups

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 65
  • Round size: Series A $2.2M–$30M; Debt Financing $110k–$10M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • BURN — The future of clean cooking
  • GOGO Electric — Bodawerk is an innovations and engineering company. Our products are created to serve the needs of people at the bottom of the pyramid.
  • MyJouleBox — MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.
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Goneke Investment Group
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in Zambia Impact startups

Pioneering a century-long initiative to finance, build, and secure the critical industries that define national strength.

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Investment focus

  • Industry: Energy, Oil and Gas, Project Management
  • Stage:Seed, Private Equity
  • Geography: Zambia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Saharan Oil & Gas Company — Saharan Oil & Gas Company Limited (formerly Hume Energy) is a conglomerate of project managers that provide energy solutions in Sub-Saharan Africa. Through our global network of partners we develop and apply Next Generation Technologies to help safely and responsibly address Africa’s growing energy deficit. Energy access influences comfort,safety, security, and human progress, touching every aspect of our lives. SOGCOL aims to evolve from a regional marketer to an advanced energy innovator and a global energy solutions provider. We aspire to be an industry leader in all aspects of energy production, transportation, distribution, and marketing. Our operations encompass identifying energy projects and facilitation of financing from research and development to promotion, marketing, and execution.
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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 1 investments in Zambia Impact startups

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

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Investment focus

  • Industry: Communities, Agriculture, Energy
  • Stage:Venture - Series Unknown, Seed
  • Geography: Italy, Kenya, India

Investor stats

  • Total investments: 43
  • Round size: Seed $219k–$910k
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Refolo — Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again.
  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Zambia Impact startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Logistics, Information Technology, Retail
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Kenya, Nigeria, Morocco

Investor stats

  • Total investments: 24
  • Round size: Pre-Seed $50k–$1M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: May invest from a new fund soon — raised $1.2M in 2017

Portfolio highlights

  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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InfraCo Africa
VC Fund · London, England, United Kingdom · 1 investments in Zambia Impact startups

As of 1 August 2025, infracoafrica.com and infracoasia.com content has been moved over to pidg.org.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Series B
  • Geography: Kenya, India, France

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$3.4M; Series B $9M–$28M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Afresco — The next generation in commercial and industrial (C&I) energy for Africa
  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
  • Mawingu Networks — Unlimited internet packages for your home and office. 24/7 customer support. Get connected today, starting from 2,500 per month!
Show all investments...

Impact Investor funding in Zambia at a glance

Stats across 13 deals from 17 investors.

17
investors
in Zambia Impact startups
13
deals
in Zambia Impact startups
$13M
median round
in Zambia Impact startups
53%
lead investors
lead at least one round
31%
Grant
most common funding stage
100/0
VC / Angel
share of investor count

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