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Top 50 Startup Investors in Ethiopia (October 2026)

The most active venture capital funds and angel investors investing in Ethiopia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ethiopia startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Kazana group
VC Fund
4 Ethiopia Seed, Pre-Seed Audio, Music, Retail
Osema Kassim
Angel
3 Ethiopia Seed E-Commerce $2M–$3M
Goodwater Capital
VC Fund
3 United States, India, South Korea Seed, Pre-Seed, Venture - Series Unknown Software, FinTech, Financial Services $125k–$105M
Finnfund
VC Fund
3 Kenya, India, South Africa Debt Financing, Venture - Series Unknown, Series B Financial Services, Energy, FinTech $2.1M–$137M
Renew Capital
VC Fund
3 Uganda, Kenya, Ethiopia Pre-Seed, Seed Mobile Apps, Financial Services, Finance
Newgen Venture Partners
VC Fund
2 China, United States, Ethiopia Seed, Angel, Series A Software, Health Care, Information Technology $67k–$5M
Gullit
VC Fund
2 Kenya, Morocco, Nigeria Pre-Seed, Seed, Venture - Series Unknown Travel, Shipping, Software $185k–$1.3M
Nigerian Exchange Group
VC Fund
2 Ethiopia Series A Financial Services
The Case for Her
VC Fund
2 Israel, Sweden, Ethiopia Angel, Pre-Seed, Seed Wellness, Women's, Health Care $500k–$664k
IFC Venture Capital Group
VC Fund
2 United States, India, China Series B, Series C Energy, Internet, Software $9.1M–$50M
KFW DEG
VC Fund
2 India, Kenya, United States Debt Financing, Grant, Post-IPO Debt Financial Services, Energy, FinTech $100k–$820M
Consonance Investment Managers
VC Fund
2 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Financial Services, Information Technology $50k–$10M
Ascent Capital Africa Ltd
VC Fund
2 Kenya, Uganda, Ethiopia Venture - Series Unknown Health Care, Mobile, Consumer $2.5M–$2.5M
Novastar Ventures
VC Fund
2 Kenya, Nigeria, United States Series A, Series B Agriculture, Health Care, FinTech $1M–$42M
Addis Abeba Angels Network
VC Fund
2 Ethiopia Seed, Angel Logistics, Supply Chain Management, Delivery
Valuechain Innovation Fund
VC Fund
1 Japan, Ethiopia Series A, Series B, Venture - Series Unknown Logistics, Manufacturing, Environmental Consulting $1.9M–$9.5M
Team Ignite Ventures
VC Fund
1 United States, Canada, India Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $300k–$25M
yonatan wondwosen belay
Angel
1 Ethiopia Pre-Seed Transportation
DEG
VC Fund
1 India, South Africa, Ghana Venture - Series Unknown, Debt Financing, Grant Financial Services, FinTech, E-Commerce $100k–$72M
Jaza Rift Ventures
VC Fund
1 Nigeria, Ghana, Kenya Venture - Series Unknown, Pre-Seed, Seed Health Care, Health Diagnostics, Information Technology
Kaleo Ventures
VC Fund
1 Nigeria, United States, Kenya Pre-Seed, Seed, Series A Financial Services, Information Technology, Software $25k–$15M
Nissay Capital
VC Fund
1 Japan, United States, Ethiopia Venture - Series Unknown, Seed, Series A Health Care, Software, Medical $455k–$12M
Core Vision Investments
VC Fund
1 Saudi Arabia, Egypt, Singapore Seed, Pre-Seed, Series A FinTech, Software, Internet $150k–$5M
Ahmed Al Alola
Angel
1 United Arab Emirates, Egypt, Ethiopia Seed, Pre-Seed Information Technology, SMS, Rental $200k–$2M
Partech
VC Fund
1 France, United States, Germany Seed, Series A, Series B Software, Artificial Intelligence, E-Commerce $1M–$56M
European Investment Bank
VC Fund
1 France, Germany, Spain Debt Financing, Post-IPO Debt, Venture - Series Unknown Biotechnology, Energy, Health Care $8.7M–$587M
British International Investment
VC Fund
1 India, Kenya, United Kingdom Debt Financing, Venture - Series Unknown, Series B Financial Services, Banking, Finance $2.5M–$126M
CBC Group
VC Fund
1 Japan, United States, India Series A, Seed, Series B Manufacturing, Biotechnology, Artificial Intelligence $285k–$50M
Samuel Z. Alemayehu
Angel
1 Cameroon, Ethiopia, Singapore Series A, Seed, Series B SMS, Energy, Gaming $1M–$7M
Antler
VC Fund
1 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Addis Alemayehou
Angel
1 China, Ethiopia Seed B2C, E-Commerce, Food Delivery
Faisal Alabdelsalam
Angel
1 Egypt, Saudi Arabia, United Arab Emirates Seed, Pre-Seed, Series A Information Technology, E-Commerce, Mobile Apps $150k–$2M
Eight Capital
VC Fund
1 United States, Canada, United Kingdom Pre-Seed, Seed, Post-IPO Equity Artificial Intelligence, Software, Information Technology $500k–$85M
Amadou Daffe
Angel
1 Ethiopia Pre-Seed SMS, Android, FinTech
For Seasons
VC Fund
1 Ethiopia Series A Manufacturing, Electric Vehicle
MiraclePlus
VC Fund
1 China, United States, Singapore Seed, Angel, Pre-Seed Artificial Intelligence, Software, Information Technology
Oxfam’s Enterprise Development Programme
VC Fund
1 Uganda, Tunisia, Ethiopia Grant, Seed, Series A Information Technology, AgTech, Retail $14k–$220k
Musashi Seimitsu Industry
VC Fund
1 Japan, United States, Kenya Series A, Series C, Pre-Seed Electric Vehicle, Industrial Engineering, Automotive $2.3M–$38M
Injini
VC Fund
1 South Africa, Nigeria, Kenya Grant, Seed, Pre-Seed Education, EdTech, E-Learning $7k–$500k
Engineers Without Borders Canada
VC Fund
1 Kenya, Ghana, Ethiopia Seed, Venture - Series Unknown FinTech, Agriculture, Financial Services
Zebu Investment Partners
VC Fund
1 South Africa, Kenya, Ethiopia Private Equity, Series C, Venture - Series Unknown Food and Beverage, Agriculture, Consumer Goods $4M–$7.5M
Buko Ventures
VC Fund
1 Philippines, Singapore, Kenya Pre-Seed, Seed Software, E-Commerce, Internet $12k–$2.2M
Orange Ventures
VC Fund
1 France, United States, United Kingdom Seed, Series B, Series A Software, FinTech, Artificial Intelligence $500k–$33M
Verdant Frontiers
VC Fund
1 Kenya, Italy, Ethiopia Seed, Pre-Seed Travel, FinTech, Finance $1.8M–$6M
Vibe VC
VC Fund
1 United States, India, Zambia Seed, Pre-Seed, Series A Financial Services, Finance, Software $250k–$33M
Women Entrepreneurship for Africa
VC Fund
1 Nigeria, Uganda, Cameroon Pre-Seed, Grant Health Care, Agriculture, Food and Beverage
CrossFund
VC Fund
1 Pakistan, Nigeria, Vietnam Seed, Pre-Seed, Angel FinTech, Marketplace, Financial Services $22k–$2.5M
Norfund
VC Fund
1 Kenya, South Africa, Nigeria Private Equity, Venture - Series Unknown, Debt Financing Financial Services, Energy, Renewable Energy $2.2M–$156M
Impact Angel Group
VC Fund
1 Ethiopia Seed Food Delivery, Food and Beverage
AgDevCo
VC Fund
1 Zambia, Kenya, Ethiopia Debt Financing, Venture - Series Unknown Farming, Agriculture, AgTech $1.1M–$10M
Access all 109 investors in Ethiopia startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Kazana group
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 4 investments in Ethiopia startups

Africa, unlocked. A holding company. @addisale

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Investment focus

  • Industry: Audio, Music, Retail
  • Stage:Seed, Pre-Seed
  • Geography: Ethiopia

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Jemla — Jemla is a business-to-business (B2B) e-commerce wholesale platform that provides informal merchants with access to a large range of Fast Moving Consumer Goods (FMCG) products at low costs, with free delivery to retail locations within 24 hours.
  • Bana Records — A Musical Dawn. New single by @ebne_hakim, 'Ete Mete', out now!
  • Across Express — Across Express is a technology based logistics platform that delivers shipments on time. The company provides convenient and reliable delivery service through strategically located drivers in Addis Ababa, enabling them to reach the pickup location in short time, hence giving shorter delivery time.
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Osema Kassim
Angel · Riyadh, Ar Riyad, Saudi Arabia · 3 investments in Ethiopia startups

Osema is an angel investor and tech product, enthusiast. Passionate about building high-performance teams and growing businesses internationally.

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Investment focus

  • Industry: E-Commerce
  • Stage:Seed
  • Geography: Ethiopia

Investor stats

  • Total investments: 3
  • Round size: Seed $2M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • beU delivery — Food delivery service
  • beU delivery — Food, groceries, parcels & pharmacy delivered across Addis Ababa in 59 minutes. 700K+ users.
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Goodwater Capital
VC Fund · Burlingame, California, United States · 3 investments in Ethiopia startups

Consumer Tech Investors - We empower exceptional entrepreneurs everywhere to change the world for good.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, India, South Korea

Investor stats

  • Total investments: 913
  • Round size: Seed $850k–$7.5M; Pre-Seed $125k–$2.1M; Venture - Series Unknown $481k–$105M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fresh fund, raised $5M in 2025

Portfolio highlights

  • Kaon — Discover prompts and AI apps built by a global community, or publish your own. FlowGPT is an open platform for building and sharing with AI.
  • Pure — Pure Poker is a privately held fintech and software company that develops a legal, compliant, rake-free real-money online poker platform. Headquartered in San Francisco, California, the company replaces the traditional casino "house" model with a trusted, identity-verified social gaming network.
  • Wrtn Technologies — Bring AGI Close to People
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Ethiopia startups

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Venture - Series Unknown, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 74
  • Round size: Series B $5M–$41M; Debt Financing $4M–$137M; Venture - Series Unknown $2.1M–$20M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $93M in 2025

Portfolio highlights

  • Transvolt Mobility — Transvolt Mobility is an early-stage, technology-driven EV fleet operator, enabling India’s transition to sustainable, zero-emission transport by providing a scalable, multi-partner platform for commercial electric mobility across urban and industrial segments.
  • ETG — ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.
  • EVF General Finance Joint Stock Company — EVF provides a wide range of financial services, including credit lines for micro, small, and medium-sized firms (MSMEs).
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Renew Capital
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 3 investments in Ethiopia startups, 11 in the past 12 months

Renew Capital is an Africa-focused investment firm that addresses critical gaps for Africa’s growing businesses and connects them to a global network of impact investors.

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Investment focus

  • Industry: Mobile Apps, Financial Services, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Uganda, Kenya, Ethiopia

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Bosso — Bosso projects and realizes automation and robotic solutions for the growth of your business.
  • Chpter — Chpter is a software development company that offers fast billing and checkout to help start, run, and grow a business.
  • Level Africa — Digital Investment Marketplace for Africa
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Newgen Venture Partners
VC Fund · Shanghai, Shanghai, China · 2 investments in Ethiopia startups

Newgen Venture Partners focuses on early-stage startup companies with innovative ideas and revolutionary technologies. Since its establishment in 2012, Newgen has invested in more than 100 enterprises, the accumulated valuation of which has exceeded RMB 50 billion. It is the first investor in several unicorn enterprises, such as GrubMarket,HotMaxx, LePure, and WePie.Newgen Capital is the brand of Newgen's investment in early-stage venture capital funds. As an L.P. actively engaged in early-stage venture capital, Newgen Capital collaborates with renowned institutions such as ZPARK VENTURE, L.P. Fund I, and GSR Ventures (Suzhou Jinshajiang Chaohua Phase IV Venture Capital Partnership (L.P.). In 2022, Newgen also invested in LiquidMetal Ventures. Together with these partners, Newgen is committed to discovering and investing in early-stage V.C. funds with innovation and growth potential, making investments that create value for the ecosystem.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Angel, Series A
  • Geography: China, United States, Ethiopia

Investor stats

  • Total investments: 60
  • Round size: Seed $159k–$5M; Angel $67k–$485k; Series A $485k–$1.6M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Silk — Hong Kong-Style Milk Tea
  • Light Mind Studio — Light Mind Studio is committed to creating high-quality, in-depth, and meaningful hit games.
  • HiChina Travel — HiChina Travel is an inbound tourism service platform.
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Gullit
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Ethiopia startups

Gullit advises and finances scalable early-stage tech firms in Africa. Additionally, Gullit provides funding for startups during the seed, pre-seed, debt acquisition, and restructuring phases.

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Investment focus

  • Industry: Travel, Shipping, Software
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Kenya, Morocco, Nigeria

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $185k–$1.3M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Buupass — BuuPass is Kenya's market leader for online bus booking. We enable travelers to reserve seats and make payments in a convenient and timely way. Try BuuPass today!
  • Logidoo — Logidoo is a digital logistics marketplace-designed company that markets shuttles through smart logistics. The company's platform, which provides rapid, dependable, secure, and economical logistics, allows users to compare offers for sending and receiving items and to track parcels in real-time.
  • Qene Games — Qene Games is an award-winning software development firm operating from Addis Abeba, Ethiopia. Founded in 2017, the company has been focused on developing and publishing video games while providing game development outsourcing, game art outsourcing, and other software development services.
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Nigerian Exchange Group
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Ethiopia startups

Nigerian Exchange Group focuses on listing and trading securities, licensing, market data solutions, and ancillary technology services.

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Investment focus

  • Industry: Financial Services
  • Stage:Series A
  • Geography: Ethiopia

Investor stats

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

Portfolio highlights

  • Ethiopian Securities Exchange — Ethiopia's first organized securities exchange.
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The Case for Her
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Ethiopia 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 — We help women gain self-agency over their reproductive health through our period & pregnancy tracking app, online pharmacy and Telehealth services. #FEMTECH
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IFC Venture Capital Group
VC Fund · Washington, District of Columbia, United States · 2 investments in Ethiopia startups

IFC supports technology ventures that are creating new opportunities in emerging markets, transforming industries, and driving inclusive growth while realizing strong returns.

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Investment focus

  • Industry: Energy, Internet, Software
  • Stage:Series B, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 65
  • Round size: Series B $10M–$43M; Series C $9.1M–$50M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Scanntech — Scanntech is a data intelligence technology firm that provides point-of-sale software to retail stores.
  • Ingenix — Ingenix is building an AI Co-pilot for generating real-time hypotheses on clinical endpoints values and adverse events.
  • Johnvents Industries — Johnvents Group is a leading agribusiness and global integrated value chain participant, driving sustainable growth from farm to global market.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Ethiopia 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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Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Ethiopia startups

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 45
  • Round size: Seed $550k–$4M; Pre-Seed $185k–$1M; Series A $50k–$10M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Releaf Earth — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • Tripesa — Control what AI coding assistants can install. Approve libraries, MCP servers, and extensions before they enter your codebase.
  • EMTECH — Cari pragmatic slot gacor? Cek info RTP slot Pragmatic Play terupdate di AkongCuan. Mulai modal slot depo 5K sekarang, mainkan, dan raih cuan maksimal!
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Ascent Capital Africa Ltd
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 2 investments in Ethiopia startups

Ascent Capital Africa Ltd is invest in entrepreneurs and enterprises with a proven track record.

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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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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Ethiopia 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: 72
  • Round size: Series A $1M–$23M; Series B $3.5M–$42M
  • Lead/follow: 46% lead, 54% 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 — 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.
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Addis Abeba Angels Network
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 2 investments in Ethiopia startups

A group of individual investors whose aim is to promote economic development and sustainability in Ethiopia. https://t.co/5v3Xo4wQPZ

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Investment focus

  • Industry: Logistics, Supply Chain Management, Delivery
  • Stage:Seed, Angel
  • Geography: Ethiopia

Investor stats

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

Portfolio highlights

  • Eshi Express — Eshi Express is a courier firm that offers business logistics solutions. They offer doorstep delivery through a professional service with a live tracking facility, enabling customers to receive their products.
  • Across Express — Across Express is a technology based logistics platform that delivers shipments on time. The company provides convenient and reliable delivery service through strategically located drivers in Addis Ababa, enabling them to reach the pickup location in short time, hence giving shorter delivery time.
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Valuechain Innovation Fund
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Ethiopia startups

Valuechain Innovation Fund is a venture capital firm managed by Spiral Capital.

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Investment focus

  • Industry: Logistics, Manufacturing, Environmental Consulting
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Japan, Ethiopia

Investor stats

  • Total investments: 13
  • Round size: Series A $2M–$8M; Series B $1.9M–$9.2M; Venture - Series Unknown $1.9M–$9.5M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Route-D — Route-D is an operation management app that improves operating income and expenditures and manages logistics operations.
  • Stayway — Stayway is operating the world's largest hotel and vacation facility search and comparison site.
  • Yosemite — Yosemite is a wellness company that provides health and wellness products, supplements, skincare, and personal care items.
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Team Ignite Ventures
VC Fund · California City, California, United States · 1 investments in Ethiopia startups, 21 in the past 12 months

We're experienced operators helping to ignite and scale startups

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 297
  • Round size: Seed $1M–$6.3M; Pre-Seed $300k–$1.5M; Series A $17M–$25M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $760k in 2024

Portfolio highlights

  • JustAI — An AI-first modern enterprise marketing stack that sets you in an always-on, set-and-forget motion. Increase your experimentation velocity and keep your team lean! Say goodbye to manual campaign management.
  • Resolv — AI for the trades that follows through: one number for customer calls and texts, connected to organized jobs, proposals, rebates, permits, and warranties.
  • Herd Security — HerdAI is the agentic training platform that turns your policies and live threats into microlessons in minutes, delivered in Slack and Teams. GRC and security leaders hit 100% audit-ready without chasing completions.
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yonatan wondwosen belay
Angel · 1 investments in Ethiopia startups

yonatan wondwosen belay

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Investment focus

  • Industry: Transportation
  • Stage:Pre-Seed
  • Geography: Ethiopia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tolo — Automated E bike Transportation Services including -E bike Transport -Parcel Delivery -Other On-Demand services
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DEG
VC Fund · Overland Park, Kansas, United States · 1 investments in Ethiopia startups

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Venture - Series Unknown, Debt Financing, Grant
  • Geography: India, South Africa, Ghana

Investor stats

  • Total investments: 25
  • Round size: Grant $100k–$800k; Debt Financing $6.5M–$33M; Venture - Series Unknown $4.7M–$72M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • SUN Energy — SUN Energy adalah pengembang PLTS industri dengan 450 MW terpasang di Asia-Pasifik. Solusi on-grid, off-grid, hybrid dengan skema DP 0%. Konsultasi gratis.
  • 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!
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Jaza Rift Ventures
VC Fund · Mombasa, Coast, Kenya · 1 investments in Ethiopia startups

Jaza Rift Ventures invests in the most innovative and invention-based healthcare firms at the pre-seed, seed, and series A stages. Jaza Rift Ventures is a healthcare venture capital firm that invests in innovative early-stage entrepreneurs including healthtech, medtech, and biotech businesses.

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Investment focus

  • Industry: Health Care, Health Diagnostics, Information Technology
  • Stage:Venture - Series Unknown, Pre-Seed, Seed
  • Geography: Nigeria, Ghana, Kenya

Investor stats

  • Total investments: 8
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Plateaumed — Level up your medical practice with our world-class EHR
  • Kena Health — Talk to a nurse, doctor or mental health professional on your smartphone with the Kena Health App. Affordable primary healthcare for South Africans. Download Now.
  • Intron Health — Intron provides clinical speech recognition for 200+ accents spoken in developing countries starting with Africa, reducing documentation time by 6x so doctors can spend more time with patients
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Kaleo Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Ethiopia startups

Kaleo Ventures is an investment firm prefers to invest in early-stage companies across Africa.

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Investment focus

  • Industry: Financial Services, Information Technology, Software
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 58
  • Round size: Seed $25k–$2.7M; Pre-Seed $100k–$1M; Series A $100k–$15M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $1.1M in 2024

Portfolio highlights

  • BankWise — Liga123 merupakan situs slot jackpot 888 slots paling gacor dan juga platform ini terdata paling banyak dicari hari ini karena memiliki akses yang mudah tanpa harus menggunakan Apk tambahan seperti VPN untuk memainkan game favorit.
  • ChipMango — ChipMango is a semiconductor company that provides chip design and pre-manufacturing engineering services.
  • Aeon Cyber Defense — Aeon is a cybersecurity company focused on securing cloud, code, runtime, and AI environments.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Ethiopia startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Software, Medical
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 324
  • Round size: Seed $455k–$9.6M; Series A $1.2M–$12M; Venture - Series Unknown $899k–$7M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2019

Portfolio highlights

  • OptQC — OptQC commercializes cutting-edge optical quantum computing technologies developed by the Furusawa-Endo Laboratory. Because optical quantum computers are more scalable than superconducting and other quantum computing implementations, OptQC's optical quantum computers should reach this scale. They also have benefits like faster processing andreduced power consumption, which makes optical quantum computers a possible long-term pinnacle of quantum technology.
  • Eight Knot — Eight Knot is a developer of autonomous navigation systems intended for water mobility. They provide autonomous ship maneuvering technology using robotics, enabling customers with water-on-demand transportation using environment-friendly EV robotic boats.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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Core Vision Investments
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Ethiopia startups

Core Vision Investments operates as a venture capital firm.

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Investment focus

  • Industry: FinTech, Software, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Saudi Arabia, Egypt, Singapore

Investor stats

  • Total investments: 43
  • Round size: Seed $150k–$5M; Pre-Seed $1M–$1.6M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Oumla — Secure, scalable blockchain infrastructure for businesses, enterprises, and governments to manage digital assets with ease and compliance.
  • Uvera — Long Lasting Fresh Food
  • Zetta Technologies — Zetta Technologies is a Device as a Service (DaaS) provider with a unique business model. With us you get a complete service that enables sustainability, increases your flexibility, simplifies your operations, gives financial control, and decreases the total cost of ownership.
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Ahmed Al Alola
Angel · 1 investments in Ethiopia startups

Ahmed Al Alola

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Investment focus

  • Industry: Information Technology, SMS, Rental
  • Stage:Seed, Pre-Seed
  • Geography: United Arab Emirates, Egypt, Ethiopia

Investor stats

  • Total investments: 4
  • Round size: Seed $450k–$2M; Pre-Seed $200k–$220k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • EPhone — EPhone is a dialer and SMS application. They offer features like managing user SMS and calls, saving money, and smart notifications. They instantly updated the package list.
  • invygo — Invygo is MENA's first & largest car subscription service creating accessible mobility options through an all-inclusive monthly subscription, all in a seamless app-based experience.For consumers: we provide them access to passenger cars without any financial burdens through a customizable month-to-month subscription through a mobile appFor Dealers: through our technology, they get access to a new business model that helps them generate revenue and reduce their depreciation and operational cost The company was founded in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE.
  • Jalebi — An award-winning restaurant point of sale (POS) & inventory management system thathelps you save 5% on the cost of every order served.
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Partech
VC Fund · Paris, Ile-de-France, France · 1 investments in Ethiopia startups

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 694
  • Round size: Seed $1M–$8.8M; Series A $4.5M–$28M; Series B $9M–$56M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely actively investing — fresh fund, raised $345M in 2026

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • TeamToolz — TeamToolz creates and implements user-friendly applications that simplify and streamline the creation, management and archiving of marketing communications. Addressing the urgency of time to market, our web-based tools better enable entire brand launches by coordinating the workflow of multiple outside agencies and internal groups, for moreintegrated worldwide brand management.
  • Revibe — Buy refurbished & used electronics (Smartphones, Laptops) in UAE at Revibe. Free delivery & 12 months warranty. Certified tech by our experts. Order Now!
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Ethiopia startups

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

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Investment focus

  • Industry: Biotechnology, Energy, Health Care
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: France, Germany, Spain

Investor stats

  • Total investments: 595
  • Round size: Post-IPO Debt $18M–$587M; Debt Financing $16M–$355M; Venture - Series Unknown $8.7M–$90M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • VaxThera — VaxThera develops and produces vaccines to prevents and treats diseases.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
  • Reactive Technologies — Reactive Technologies we are committed to enabling a more intelligent use of energy, for the largest and most complex business to the smallest household. Our aim is to develop new technologies that will positively assist the energy industry to deliver cleaner, greener and more affordable energy, through more efficient and effective energymanagement and control. Through our innovative, cloud-based solution for Corporate customers – Tradenergy® – we have begun this process and with our pipeline of ground breaking new technologies we intend to continue.
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British International Investment
VC Fund · London, England, United Kingdom · 1 investments in Ethiopia startups

British International Investment is the UK's development finance institution. We've been at the forefront of supporting companies in developing countries for more than 70 years.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Venture - Series Unknown, Series B
  • Geography: India, Kenya, United Kingdom

Investor stats

  • Total investments: 429
  • Round size: Series B $13M–$70M; Debt Financing $6.8M–$100M; Venture - Series Unknown $2.5M–$126M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2009

Portfolio highlights

  • Mettle.net — Mettle was established in 1995 as a specialist financial services company and has, since its inception become recognised for innovation in the creation of specialised financial solutions.With clients ranging from international corporates to small and medium enterprises and individuals, clients experience a different kind of insight from Mettle.This level of vision and considered intuition can also be found in Mettle’s investments.
  • Coris Holding — Coris Holding is a financial institution that was established with the motive to provide support to SMEs and SMIs.
  • mopo — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.
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CBC Group
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Ethiopia startups

CBC Group imports and exports synthetic resins, chemicals, pharmaceuticals, foods, electronics components, and optical equipments.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 13
  • Round size: Series A $285k–$50M; Series B $3.1M–$8M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • Sotas — Sotas provides services to chemical trading companies and bridges the gap between raw material producers and consumers.
  • Regional Fish — Regional Fish provides seed, seedlings, aquaculture methods and fisheries services.
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Samuel Z. Alemayehu
Angel · 1 investments in Ethiopia startups

Samuel Z. Alemayehu is the Founder and Chairman Of The Board Of Directors of Cambridge Industries.

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Investment focus

  • Industry: SMS, Energy, Gaming
  • Stage:Series A, Seed, Series B
  • Geography: Cameroon, Ethiopia, Singapore

Investor stats

  • Total investments: 9
  • Round size: Series A $1M–$7M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 4AFRI — 4Afri is an innovative holding company focused on Africa-centric growth equity opportunities.
  • SantéPhone — SantéPhone is a mobile-based health prevention platform founded in partnership with leading health insurance companies across West Africa. The application was powered by 4Afri Mobile.
  • Cambridge Industries — Cambridge Industries pioneers sustainable waste-to-energy, recycling, and urban mining solutions worldwide.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Ethiopia startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 2382
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
  • RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
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Addis Alemayehou
Angel · Addis Ababa, Adis Abeba, Ethiopia · 1 investments in Ethiopia startups

Addis Alemayehou is managing partner at 251 Communications.

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Investment focus

  • Industry: B2C, E-Commerce, Food Delivery
  • Stage:Seed
  • Geography: China, Ethiopia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • beU delivery — Food delivery service
  • Xiaoman Technology — Xiaoman Technology is a food delivery platform that delivers food and services to the marketplace.
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Faisal Alabdelsalam
Angel · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Ethiopia startups

Faisal Alabdelsalam is the Founder and CEO of Zetta Technologies. He previously worked at STC as a Database Manager. Faisal Alabdelsalam attended King Saud University.

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Investment focus

  • Industry: Information Technology, E-Commerce, Mobile Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Egypt, Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 13
  • Round size: Seed $150k–$2M; Pre-Seed $200k–$1.5M
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • Bekia — We are proud to say that Bekia is the most flexible company when it comes to recycling.
  • SIDEUP — SIDEUP provides you with all the necessary tools to grow your business through a hassle-free experience from local and global logistics support, storage services, and innovative and real-time dashboards.
  • T7D Gaming — Gaming infrastructure for 600M+ players across MENA. Home of Pulse.
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Eight Capital
VC Fund · Mumbai, Maharashtra, India · 1 investments in Ethiopia startups

At Eight Capital, we leverage Y Combinator heritage to support tech startups through innovative funding strategies, deep market insights, and a global network, propelling them to success

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed, Post-IPO Equity
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 130
  • Round size: Seed $500k–$5M; Pre-Seed $500k–$1.2M; Post-IPO Equity $5.5M–$85M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Lemma — Production Monitoring for AI Agents
  • TesterArmy — TesterArmy provides an AI-powered QA platform that tests web and mobile apps via real browser runs and CI integrations.
  • Crimson — The AI platform built specifically for litigation lawyers. Analyze case files, draft documents, and prepare for trial with AI that understands disputes.
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Amadou Daffe
Angel · Addis Ababa, Adis Abeba, Ethiopia · 1 investments in Ethiopia startups

Amadou Daffe is the co-founder and current CEO of Gebeya. He also co-founded CODERS4AFRICA.

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Investment focus

  • Industry: SMS, Android, FinTech
  • Stage:Pre-Seed
  • Geography: Ethiopia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • EPhone — EPhone is a dialer and SMS application. They offer features like managing user SMS and calls, saving money, and smart notifications. They instantly updated the package list.
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For Seasons
VC Fund · 1 investments in Ethiopia startups

For Seasons is an investment firm.

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Investment focus

  • Industry: Manufacturing, Electric Vehicle
  • Stage:Series A
  • Geography: Ethiopia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
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MiraclePlus
VC Fund · Haidian, Beijing, China · 1 investments in Ethiopia startups, 15 in the past 12 months

MiraclePlus invests in and accelerates early-stage startups. MiraclePlus assists startups in developing products that are good enough to succeed in the market. MiraclePlus' acceleration program works with the founders to get each team in top shape so that they can present to thousands of investors on Demo Day.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Angel, Pre-Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 76
  • Lead/follow: no public data

Portfolio highlights

  • TestSprite — AI powered fully automated end-to-end testing solutions to help enterprises launch their products faster.
  • Excellent Vision — Excellent Vision is a spatial intelligence company focused to transforming video creation into a 4D world model, enabling AI big models to grasp, generate, and reason about 4D space.
  • Gongji Technology — Gongji Technology is an idle computing power sharing platform that combines distributed computing power with leading scheduling techniques to address elastic computing power requirements.
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Oxfam’s Enterprise Development Programme
VC Fund · Oxford, Oxfordshire, United Kingdom · 1 investments in Ethiopia 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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Musashi Seimitsu Industry
VC Fund · Toyohashi, Aichi, Japan · 1 investments in Ethiopia startups

This is the official website of Musashi Seimitsu Kogyo Co. Musashi Seimitsu Kogyo develops, manufactures, and sells differentials, transmission gears, ball joints, and other products for automobiles and motorcycles. While promoting the development of products such as powertrains, suspensions, and steering systems for next-generation vehicles such as electric vehicles and automated driving, we are also focusing on the creation and expansion of a wide range of new businesses, including the promotion of Industry 4.0 through the development of advanced AI technology and the development of open innovation to contribute to the achievement of the SDGs in a wide range of areas. We are also focusing on the creation and expansion of new businesses.

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Investment focus

  • Industry: Electric Vehicle, Industrial Engineering, Automotive
  • Stage:Series A, Series C, Pre-Seed
  • Geography: Japan, United States, Kenya

Investor stats

  • Total investments: 9
  • Round size: Series A $2.3M–$23M; Series C $25M–$38M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • TANAAKK — TANAAKK provides “HITSERIES”, Growth-as-a-Service especially for Fortune Global 500 in-house startups to migrate R&D fruits into cloud-native scalable SaaS. HITSERIES delivers reference architecture, platform and related DevOps, RevOps, EquityOps services. There is annually US$190 R&D expenditure solely in Japan. TANAAKK find growth optionin R&D, selecting right cloud business scheme and enabling liquidity for discounted intellectual assets. Usually supporting conglomerate to achieve new $100M SaaS revenue in 5 years.
  • ARC Ride — Leading the emobility revolution in East Africa - starting with Kenya #emobilityrevolution
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Injini
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Ethiopia startups

Injini's EdTech Accelerator and Think Tank aims to support founders of African startups with a mission to improve educational outcomes across the region.

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Investment focus

  • Industry: Education, EdTech, E-Learning
  • Stage:Grant, Seed, Pre-Seed
  • Geography: South Africa, Nigeria, Kenya

Investor stats

  • Total investments: 56
  • Round size: Seed $39k–$500k; Grant $55k–$132k; Pre-Seed $7k–$40k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Book Village — We are a NPC helping to end the reading crisis in SA using our online reading application where volunteer tutors digitally teach children how to read.
  • Buddy Learning — Explore educational resources for families with Buddy Learning in the United States. Join us today!
  • The Marking App — The Marking App provides a data-free application that automatically marks handwritten school assessments while also automating school administration.
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Engineers Without Borders Canada
VC Fund · 1 investments in Ethiopia startups

Investment focus

  • Industry: FinTech, Agriculture, Financial Services
  • Stage:Seed, Venture - Series Unknown
  • Geography: Kenya, Ghana, Ethiopia

Investor stats

  • Total investments: 4
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • M-Shule — M-Shule is the first personalized knowledge-building platform in Africa to connect learners to tailored learning, evaluation, activation, and data (LEAD) tools over SMS. Meaning “mobile school” in Swahili, M-Shule combines SMS with artificial intelligence to reach offline or low-income communities with self-paced, interactive, and personalisedresources to power their success. Organisations leverage this award-winning approach to help individuals learn new skills, evaluate their progress, activate them to new behaviors, and collect and analyse data on their progress. By making an all-in-one skill-building platform possible with the simplest feature phone, M-Shule unlocks new opportunities for millions across Sub-Saharan Africa and the world.
  • FarmDrive — FarmDrive is a technology company that applies data science and machine learning to build software that increases access to meaningful financial services - loans, digital payments insurance, savings. FarmDrive’s mission is to drive capital to underserved rural clients and transform them into sustainable and profitable businesses.
  • Bloom Impact — Bloom Impact is a digital marketplace that lets small business owners in emerging markets easily access financing for their business, like loans and savings, through their smartphone. We eliminate the costs and hassle involved in finding financing. We're digitizing and disrupting how financial services are delivered!Small businesses arecritical to growing the economy in emerging markets and creating much needed employment opportunities, yet they lack access to financial products like loans and savings accounts that will help them grow and become sustainable. With over 60 years of combined experience in Fintech, financial services and emerging markets, the Bloom Impact team deeply understands the problem, the opportunity and the best solution.
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Zebu Investment Partners
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in Ethiopia startups

Zebu Investment Partners (ZIP) is a private equity fund manager established to invest across the food value chain throughout Africa.

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Investment focus

  • Industry: Food and Beverage, Agriculture, Consumer Goods
  • Stage:Private Equity, Series C, Venture - Series Unknown
  • Geography: South Africa, Kenya, Ethiopia

Investor stats

  • Total investments: 10
  • Round size: Private Equity $4M–$7.5M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $84M in 2019

Portfolio highlights

  • Copia Global — Copia Global provides a consumer catalog order and delivery system intended to serve consumers in the developing world. Its service leverages mobile technologies and a network of agents serving as distribution points, enabling rural and peri-urban consumers to get a wide range of quality goods at reasonable prices.
  • Terramar — Terramar distributes food, beverages, and other fast-moving consumer goods to serve the informal and formal markets. It also offers services including import, retailing, wholesaling, and distributing of frozen, chilled, and ambient consumer goods from Portuguese and South African procurement centers as well as from a variety of local suppliers.
  • Africa Global Trade Finance — Africa Global Trade Finance is a financial institution that provides secured and structured trade finance solutions. It offers services such as pre-shipment finance, post-shipment finance, import finance with supplier payments, stock finance, and more. The company also serves small and medium-sized enterprises, commodity importers, and exporters.
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Buko Ventures
VC Fund · Makati, Manila, Philippines · 1 investments in Ethiopia startups

Value-add angel funding for Philippines startup founders.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Pre-Seed, Seed
  • Geography: Philippines, Singapore, Kenya

Investor stats

  • Total investments: 29
  • Round size: Seed $600k–$2.2M; Pre-Seed $12k–$1.2M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • GoRocky — GoRocky is a men’s online health clinic where one can process discreet and doctor-prescribed treatments delivered to their door.
  • Jamii.one — A free digital tool to optimise the efficiency and finances of saving communities.
  • Shoppable Business - Next Gen B2B Marketplace — Shoppable Business is a trusted, hassle-free B2B eCommerce marketplace for buying and selling 100% authentic branded products and services in the Philippines.
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Orange Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Ethiopia startups

Orange Ventures is a venture fund investing in areas of Orange expertise and beyond, with financial objectives in line with VC industry standards. With 350m€ assets under management, Orange Ventures is in the top 10 corporate ventures in Europe with an investment strategy focused on helping future global tech champions, fostering innovation in theMiddle East and Africa, and supporting new sustainable and responsible business models.

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Investment focus

  • Industry: Software, FinTech, Artificial Intelligence
  • Stage:Seed, Series B, Series A
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 87
  • Round size: Seed $500k–$5M; Series A $2.8M–$22M; Series B $11M–$33M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $426M in 2021

Portfolio highlights

  • Semeia — Semeia provides software that helps in medical follow-up and consultation.
  • Biolevate — Elevate human : Accelerating life sciences, empowering people
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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Verdant Frontiers
VC Fund · Austin, Texas, United States · 1 investments in Ethiopia startups

Verdant Frontiers is a venture capital firm specializing in start-up and early-stage investments. The firm builds portfolios of large-scale businesses that deliver compelling returns for investors and create life-changing jobs in Africa.

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Investment focus

  • Industry: Travel, FinTech, Finance
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Italy, Ethiopia

Investor stats

  • Total investments: 5
  • Round size: Seed $1.8M–$6M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2021

Portfolio highlights

  • Pezesha — Digital Financial Ecosystem for connecting MSMEs to Capital.
  • Zeraki — Zeraki is to use technology to address some of the obstacles learners encounter in accessing quality education. We use technology to enhance the quality of education students get at each level of education and use technology to help students transition from one level of education to the next, and ultimately from education into employment.
  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
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Vibe VC
VC Fund · 1 investments in Ethiopia startups

We were told no one would take us seriously as investors without a website, so here's our website.

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Investment focus

  • Industry: Financial Services, Finance, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Zambia

Investor stats

  • Total investments: 12
  • Round size: Seed $3M–$12M; Pre-Seed $250k–$4.5M; Series A $8M–$33M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $7.8M in 2022

Portfolio highlights

  • Carry — Ocho is everything you need to build wealth as a business owner.
  • Qene Games — Qene Games is an award-winning software development firm operating from Addis Abeba, Ethiopia. Founded in 2017, the company has been focused on developing and publishing video games while providing game development outsourcing, game art outsourcing, and other software development services.
  • Hone Health — Hone Health is a telehealth clinic that helps people improve healthspan through advanced biomarker testing, clinician-guided care, and personalized protocols.
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Women Entrepreneurship for Africa
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Ethiopia startups

Women Entrepreneurship for Africa

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Investment focus

  • Industry: Health Care, Agriculture, Food and Beverage
  • Stage:Pre-Seed, Grant
  • Geography: Nigeria, Uganda, Cameroon

Investor stats

  • Total investments: 116
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • ORIKI — A wellness + farm to skin brand that creates pampering experiences and luxurious natural personal grooming products. Sharing Africa!
  • Mukuru Clean Stoves — Earthshot Prize Winner 2022. We use recycled metal to manufacture improved, efficient and affordable cookstoves.
  • Loom Craft Chocolate — Loom Craft Chocolate is a artisanal cocoa processor with a strong focus on the quality of our products and the sustainability of our processes.
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CrossFund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Ethiopia startups

For Angels, By Angels

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Investment focus

  • Industry: FinTech, Marketplace, Financial Services
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Pakistan, Nigeria, Vietnam

Investor stats

  • Total investments: 23
  • Round size: Seed $90k–$2M; Angel $22k–$315k; Pre-Seed $56k–$2.5M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Nuvolaris — Speed up #CloudNative Development and Run Anywhere. #Nuvolaris: #Serverless #Stack for #Everyone
  • Swag Kicks — Guaranteed Original Sneakers, Trainers and Casual Shoes. Easy Return & Exchange.
  • Sehat Kahani — Book online video appointments with the best Doctors and Specialists, such as Skin Specialists, General Physician, Child Specialists, etc in Pakistan.
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Norfund
VC Fund · Oslo, Oslo, Norway · 1 investments in Ethiopia startups

Norwegian investment fund for developing countries

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Investment focus

  • Industry: Financial Services, Energy, Renewable Energy
  • Stage:Private Equity, Venture - Series Unknown, Debt Financing
  • Geography: Kenya, South Africa, Nigeria

Investor stats

  • Total investments: 106
  • Round size: Debt Financing $2.2M–$156M; Private Equity $7.4M–$125M; Venture - Series Unknown $4.7M–$70M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • CrossBoundary — CrossBoundary Energy's energy solutions help decarbonize enterprise by providing cleaner, cheaper, and more reliable power.
  • mopo — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.
  • AMPIN Energy Transition — AMPIN Energy Transition (Formerly Amp Energy India) is a leading renewable energy company driving India's green future with solar, wind, and storage solutions.
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Impact Angel Group
VC Fund · Boulder, Colorado, United States · 1 investments in Ethiopia startups

The Impact Angel Group operates as a network of angel investors. It focuses on deal sourcing, investment screening, and due diligence. The Impact Angel Group was founded in 2012 and is headquartered in Boulder, Colorado.

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Investment focus

  • Industry: Food Delivery, Food and Beverage
  • Stage:Seed
  • Geography: Ethiopia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Deliver Addis — Ethiopia's #1 online delivery service featuring some of the best spots in town.
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AgDevCo
VC Fund · London, England, United Kingdom · 1 investments in Ethiopia startups

AgDevCo is a social impact investor and agribusiness project developer, incorporated as a non-for-profit distribution, limited companyin.

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Investment focus

  • Industry: Farming, Agriculture, AgTech
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Zambia, Kenya, Ethiopia

Investor stats

  • Total investments: 20
  • Round size: Debt Financing $2M–$10M; Venture - Series Unknown $1.1M–$3M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • Victory Farms — Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.
  • Planting Naturals — Planting Naturals is a group of companies focused to the long-term production of organic products. Planting Naturals was founded by Kevin Godlington.
  • Hybrid Poultry Farm — Welcome to our Hybrid Poultry Farm. We breed high quality, robust and pre-vaccinated day old chicks making us Zambia's number one chick supplier. Talk to us.
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Investor funding in Ethiopia at a glance

Stats across 191 deals from 109 investors.

109
investors
in Ethiopia startups
191
deals
in Ethiopia startups
$500k
median round
in Ethiopia startups
56%
lead investors
lead at least one round
30%
Grant
most common funding stage
94/6
VC / Angel
share of investor count

Access all 109 investors in Ethiopia startups.

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