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Top 35 Startup Investors in Ethiopia (July 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
Finnfund
VC Fund
3 Kenya, India, South Africa Debt Financing, Series B Financial Services, Energy, FinTech $2.7M–$135M
Renew Capital
VC Fund
3 Uganda, Kenya, Ethiopia Pre-Seed, Seed Mobile Apps, Financial Services, Finance
Goodwater Capital
VC Fund
2 United States, India, South Korea Seed, Series A, Pre-Seed FinTech, Financial Services, Software $336k–$31M
Nigerian Exchange Group
VC Fund
2 Ethiopia Series A Financial Services
Consonance Investment Managers
VC Fund
2 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, FinTech $50k–$10M
Newgen Venture Partners
VC Fund
2 China, United States, Ethiopia Angel, Seed, Series A Health Care, Software, Information Technology $22k–$5M
Novastar Ventures
VC Fund
2 Kenya, Nigeria, United Kingdom Series A, Series B Agriculture, Health Care, Internet $1.7M–$42M
KFW DEG
VC Fund
2 India, Kenya, Brazil Debt Financing, Grant, Private Equity Financial Services, Energy, FinTech $100k–$570M
Osema Kassim
Angel
2 Ethiopia Seed E-Commerce $2M–$3M
The Case for Her
VC Fund
2 Sweden, United Arab Emirates Angel, Pre-Seed Wellness, Content, Women's $500k–$579k
Vibe VC
VC Fund
1 United States, India, Zambia Seed, Pre-Seed, Series A Financial Services, EdTech, Retail $250k–$33M
Jaza Rift Ventures
VC Fund
1 Nigeria, Ghana, Kenya Venture - Series Unknown, Pre-Seed, Seed Health Care, Health Diagnostics, Information Technology
Oxfam’s Enterprise Development Programme
VC Fund
1 Tunisia, Ethiopia Grant, Series A Retail, Blockchain, E-Commerce
British International Investment
VC Fund
1 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance $7.5M–$137M
CBC Group
VC Fund
1 Japan, Ethiopia, United States Series A, Seed Manufacturing, Apps, News $4.3M–$8M
IFC Venture Capital Group
VC Fund
1 United States, India, China Series B, Series C E-Commerce, Energy, Internet $9.1M–$60M
Orange Ventures
VC Fund
1 France, United States, United Kingdom Seed, Series B, Series A Software, FinTech, Information Technology $600k–$33M
Norfund
VC Fund
1 South Africa, Kenya, Nigeria Private Equity, Debt Financing Energy, Financial Services, Renewable Energy $2.2M–$156M
Verdant Frontiers
VC Fund
1 Kenya, Italy, Ethiopia Seed, Pre-Seed Travel, FinTech, Finance $1.8M–$6M
Nissay Capital
VC Fund
1 Japan, United States, Ethiopia Seed, Series A Health Care, Information Technology, Medical $610k–$71M
For Seasons
VC Fund
1 Ethiopia Series A Manufacturing, Electric Vehicle
European Investment Bank
VC Fund
1 France, Germany, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy $16M–$658M
Musashi Seimitsu Industry
VC Fund
1 Japan, United States, Israel Series A, Series C, Pre-Seed Electric Vehicle, Analytics, Electronics $2.3M–$610M
Faisal Alabdelsalam
Angel
1 Egypt, Saudi Arabia, Ethiopia Seed, Pre-Seed, Series A E-Commerce, Information Technology, Mobile Apps $150k–$2M
Core Vision Investments
VC Fund
1 Saudi Arabia, Egypt, Singapore Seed, Pre-Seed, Series A FinTech, Software, Internet $150k–$5M
Impact Angel Group
VC Fund
1 Ethiopia Seed Food Delivery, Food and Beverage
Partech
VC Fund
1 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, SaaS $1.1M–$55M
Samuel Z. Alemayehu
Angel
1 Cameroon, Ethiopia, Singapore Series A, Seed, Series B SMS, Energy, Gaming $1M–$7M
Nagase & Co
VC Fund
1 Japan, United States, Ethiopia Series A, Corporate Round Manufacturing, Software, Cloud Computing $2.4M–$2.8B
Persistent
VC Fund
1 Ghana, Germany, Switzerland Seed, Series A Energy, Solar, Renewable Energy $500k–$10M
Valuechain Innovation Fund
VC Fund
1 Japan, Ethiopia Series A, Seed, Series B Diving, Retail, GreenTech $1.9M–$9.2M
Team Ignite Ventures
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $500k–$25M
DEG
VC Fund
1 India, South Africa, Ghana Debt Financing, Grant Financial Services, FinTech, E-Commerce $100k–$33M
MiraclePlus
VC Fund
1 China, United States, Singapore Seed, Angel, Pre-Seed Artificial Intelligence, Software, Information Technology
Addis Alemayehou
Angel
1 Ethiopia Seed E-Commerce
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

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, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 68
  • Round size: Series B $5M–$41M; Debt Financing $2.7M–$135M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mobisol — We transform lives through solar energy access. Our solar home systems and mini-grids benefit millions of people in Sub-Saharan Africa.
  • TPL Insurance — TPL Insurance is a Pakistan's first direct insurance company that take care of all insurance related matters.
  • 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.
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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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Goodwater Capital
VC Fund · Burlingame, California, United States · 2 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: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, South Korea

Investor stats

  • Total investments: 550
  • Round size: Seed $1M–$7.5M; Pre-Seed $336k–$3M; Series A $4.5M–$31M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Kyash — Kyash is a fintech platform providing mobile banking services with full-stack banking technology currently offering digital wallet app. It has built proprietary full-stack banking infrastructure from the ground up to offer mobile-first consumer-facing digital wallets in Japan.The platform offers online payment and personal remittance apps underthe Kyash service name, and issues prepaid cards that can be used at Visa merchants. It also provides a new card that is available in three colors, navy, silver, and pink and adopts a simple design with card numbers and card names placed on the back. The first Visa card in Japan with an IC chip and contactless payment function that has no card number on the front side.Kyash was founded on January 23, 2015, and is based in Tokyo, Japan.
  • Karrot Market — Karrot is the largest local community marketplace to buy, sell and trade new and used home decor, furniture, fashion and more. Join our growing community of over 10 million verified users!
  • Koala Go — Your student's favorite online classroom. 24/7 live support. Co-browser. Gamified teaching environment. Worldwide invoicing. Interactive whiteboard.
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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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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, Information Technology, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 31
  • Round size: Seed $550k–$3.3M; Pre-Seed $450k–$1M; Series A $50k–$10M
  • Lead/follow: 48% lead, 52% 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 — Tripesa offers payment solutions for Africa's travel and tourism industry.
  • Plural — Smarter, Faster, Future-Ready Policy Strategy. Plural transforms how enterprises and organizations anticipate and act on legislation. Our AI-powered platform delivers accurate bill analysis, policy insights, and stakeholder intelligence so you can stay ahead of risk, seize opportunity, and shape outcomes. See How It Works Book A Demo Trusted By Deepen Your State & Federal Legislative
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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: Health Care, Software, Information Technology
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Ethiopia

Investor stats

  • Total investments: 51
  • Round size: Seed $22k–$5M; Angel $62k–$425k; Series A $67k–$1.5M
  • Lead/follow: 24% lead, 76% 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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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, Internet
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, United Kingdom

Investor stats

  • Total investments: 67
  • Round size: Series A $1.7M–$24M; Series B $3.5M–$42M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $108M in 2020

Portfolio highlights

  • Soko — SOKO produces innovative, ethical jewelry and accessories from sustainable materials in Nairobi, Kenya
  • Turaco — Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.
  • Moniepoint — Moniepoint provides an all-in-one payments, banking and operations platform for businesses and their customers.
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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, Private Equity
  • Geography: India, Kenya, Brazil

Investor stats

  • Total investments: 117
  • Round size: Grant $100k–$1.1M; Debt Financing $10M–$570M; Private Equity $11M–$274M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • DataVolt — DataVolt is a leading innovator in state-of-the-art and sustainable data center solutions, empowering businesses across the globe to connect, collaborate, and grow in today's data-driven world. Our solutions, driven by security, sustainability, scalability, and reliability, facilitate digital transformation for our clients, amplifyingoperational efficiency and enabling them to contribute meaningfully to a sustainable digital future. With strategically positioned operations in Riyadh, Dubai, and California, we offer businesses the robust digital infrastructure necessary to succeed in the rapidly evolving digital landscape. We strive to redefine the future of data centers through groundbreaking innovation,
  • 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.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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Osema Kassim
Angel · 2 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: 2
  • Round size: Seed $2M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • beU delivery — Food delivery service
  • beU delivery — O2O service in Africa
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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, Content, Women's
  • Stage:Angel, Pre-Seed
  • Geography: Sweden, United Arab Emirates

Investor stats

  • Total investments: 6
  • Round size: Angel $500k–$579k
  • 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.
  • Aquafit Intimate
  • 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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Access 48,091 investors

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

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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, EdTech, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Zambia

Investor stats

  • Total investments: 11
  • Round size: Seed $3M–$12M; Pre-Seed $250k–$4.5M; Series A $20M–$33M
  • Lead/follow: 18% lead, 82% follow

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 provides telehealth services that support hormone health and longevity, including testosterone replacement therapy (TRT)
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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 — Voice AI Built for How Africa Speaks Our next-generation intelligent voice model built from the ground up for AfricaUnlike Global systems retrofitted for the continent Sahara v-2 understands how Africa actually sounds Build with Sahara Try Sahara Built for African SpeechFrom Lagos Call Centers, to Hospitals in Nairobi, Boardrooms in Cape Town, and Courtrooms in
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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: Retail, Blockchain, E-Commerce
  • Stage:Grant, Series A
  • Geography: Tunisia, Ethiopia

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Farm Trust — Farm Trust is an E-commerce platform for fruits and vegetables that provide traceability through blockchain.
  • GreenPath Food — Greenpath Food is a worldwide food supplier of the highest quality organic, regeneratively-grown produce from small-scale East African Farms.
  • 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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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, Series B
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 259
  • Round size: Series B $9.7M–$70M; Debt Financing $7.5M–$137M
  • Lead/follow: 49% lead, 51% follow

Portfolio highlights

  • M-KOPA — M-KOPA is the global leader for “pay-as-you-go” energy services for off-grid customers. M-KOPA was established in 2011. Following 2 years of piloting and development, M-KOPA began commercial sales in Kenya in October 2012. M-KOPA expanded to Uganda in 2013 and commences operations in Tanzania in late 2014. Their team includes over 500 staff andwe sell our product through more than 1000 retail agents and shops. The founders of the company are experienced mobile technology innovators who believe in the huge potential of transformative, affordable products designed for underserved consumers. While excellent technology is a pre-requisite, technology alone does not solve for customer needs. Success comes when smart technology is combined with a commitment to on-going, on-the-ground delivery. To that end, M-KOPA is beginning to license its technology to experienced and reputable third parties in markets outside of East Africa (licensing queries should be sent to licensing@m-kopa.com). M-KOPA has developed a proprietary, patented technology platform that combines embedded GSM + mobile payments to revolutionize asset financing in emerging markets. The M-KOPAnet platform has been designed and built from the ground up by our talented team of software engineers, who continue to innovate and improve the system every day. It offers the powerful combination of accounting + customer relationship management + inventory tracking in one complete system. Aside from enabling our business operations to scale at record speed, the M-KOPAnet™ platform captures and processes huge volumes of data, enabling us to improve our proposition, customer service, and security in real-time.
  • The City Bank — From 1983 till date, City Bank has been a case study in evolution, having transformed over time from a traditional organization to a critically acclaimed multi-faceted institution that embraces global best practices and chooses to be at the forefront of technological initiatives. Unlike many, the Bank's criteria for success are not only thebottom-line numbers but also the milestones set towards becoming the most complete bank in the country.
  • Veritas Finance — Veritas Finance focuses on meeting the financial needs of the micro, small, and medium enterprises. Veritas Finance Private Limited is an organization started with the primary intention of reaching out to the customers who either have no access or inadequate access to financial services in the informal sector. 'Veritas' in Latin meanstruth. True to its name, Veritas is focused on making a true impact through inclusive access to financial services on the customers engaged in informal activities.The company is run by professionals with rich experience in the financial services industry that aims to make availing credit easy to this segment and make a positive impact on the lives of millions of Indians engaged in informal activities and who actually build the nation.
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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, Apps, News
  • Stage:Series A, Seed
  • Geography: Japan, Ethiopia, United States

Investor stats

  • Total investments: 9
  • Round size: Series A $4.3M–$8M
  • Lead/follow: 11% lead, 89% 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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IFC Venture Capital Group
VC Fund · Washington, District of Columbia, United States · 1 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: E-Commerce, Energy, Internet
  • Stage:Series B, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 62
  • Round size: Series B $10M–$43M; Series C $9.1M–$60M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Ingenix — Our solution leverages proprietary multimodal AI essential for tackling the complexities of multimodal biological systems.
  • Respublica
  • 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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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, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 82
  • Round size: Seed $600k–$5M; Series A $2.7M–$12M; Series B $11M–$33M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Veniam — Transfer 10x more data for your video telematics, fleet operations, industrial IoT or connected vehicles.
  • Cycloid — Cycloid Internal Developer Portal and Platform revolutionizes governance, cloud management, sovereignty, and DevX. Available on-prem or in any cloud.
  • LAMMA — Lamma is a web and mobile platform reinventing urban movement for package delivery through an extended carpooling network.
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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: Energy, Financial Services, Renewable Energy
  • Stage:Private Equity, Debt Financing
  • Geography: South Africa, Kenya, Nigeria

Investor stats

  • Total investments: 103
  • Round size: Debt Financing $2.2M–$156M; Private Equity $7.4M–$125M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • WeLight — WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.
  • CrossBoundary — CrossBoundary Energy's renewable 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.
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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

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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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, Information Technology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 257
  • Round size: Seed $610k–$43M; Series A $2M–$71M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Flosfia — FLOSFIA is a spin-off from a research of Kyoto University, specializing in film-formation by mist chemical vapor deposition (CVD). Making use of physical properties of gallium oxide (Ga2O3), FLOSFIA has devoted to development of low-loss power devices.
  • Global Trust Networks — Global Trust Networks is a company that helps foreigners to live in Japan
  • Fabric Tokyo — FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later.FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo,Japan.
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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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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, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, The Netherlands

Investor stats

  • Total investments: 489
  • Round size: Post-IPO Debt $16M–$658M; Debt Financing $16M–$370M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • Affibody — Affibody is a Swedish biotech company focused on developing next generation products for therapy, diagnostic imaging, and other applications based on its unique proprietary technology platforms: Affibody® molecules and Albumod™.Affibody® molecules, which are small, robust and easily produced, can be designed to bind specifically to a largenumber of target proteins. They have a broad range of applications including protein purification, enzyme inhibition, research reagents for protein capture and detection, diagnostics, including molecular imaging, and targeted therapeutics.
  • RE:OCEAN — OUR MISSION IS TO FARM SALMON FOR THE BENEFIT OF HEALTH AND THE PLANET. WE'LL DO THIS BY BUILDING A LARGE SCALE FISH FARM IN THE middle OF SWEDEN. - WE'RE MAKING THE IMPOSSIBLE POSSIBLE - AN OCEAN ON LAND. RE:OCEAN IN BRIEF One in five salmons in Sweden 2026 will come from RE:OCEAN Fresh
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
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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, Analytics, Electronics
  • Stage:Series A, Series C, Pre-Seed
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 8
  • Round size: Series A $2.3M–$20M; Series C $25M–$610M
  • Lead/follow: 50% lead, 50% 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.
  • Monarch Tractor — Monarch Tractor offers a tractor platform that combines mechanization, automation, and data analysis to enhance farmer’s existing operations, alleviate labor shortages, and maximize yields.The company is dedicated to eliminating diesel fuel and replaces harmful chemicals with mechanical solutions, so its tractor impacts the environment exactly asintended, without side effects. Its platform utilizes hardware and machine learning to identify and eliminates plant ailments and estimate yields.
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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: E-Commerce, Information Technology, Mobile Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Egypt, Saudi Arabia, Ethiopia

Investor stats

  • Total investments: 13
  • Round size: Seed $150k–$2M; Pre-Seed $300k–$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. Learn more about our journey.
  • 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.
  • T7D Gaming
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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: 42
  • 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.
  • Moneymoon — Moneymoon is the first peer-to-peer (P2P) lending app in Saudi Arabia, offering a one-month, salary-tied loan model that connects individual borrowers and lenders directly—without intermediaries or paperwork.Borrowers can request small, short-term loans—typically between SAR 1,000 and SAR 5,000—repaid in a single installment upon their nextsalary. With no long-term debt, no paperwork, and no friction, the process is entirely digital and remarkably fast. From request to disbursement, funds are typically received in minutes—showcasing a user experience built for today’s pace of life.Lenders, meanwhile, gain access to a new asset class of short-duration lending. With transparent borrower scoring (A, B, C, D) and one-month maturity, Moneymoon offers clarity, liquidity, and control. Auto-Lend allows lenders to reinvest automatically based on risk preferences, further simplifying portfolio management.Licensed under the Saudi Central Bank’s Regulatory Sandbox in 2024, Moneymoon has seen viral adoption across the Kingdom—driven by the platform’s simplicity, ethical structure, and intuitive user experience.Moneymoon is personal finance, reimagined.
  • 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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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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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, E-Commerce, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 539
  • Round size: Seed $1.1M–$9M; Series A $4.2M–$27M; Series B $9M–$55M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Agicap — Agicap develops and sells a SaaS platform for SMBs to manage and forecast their cash flows. Agicap allows business owners to build dynamic, reliable forecasts and have real-time visibility over their current and future cash position. This data, which can be easily shared with banks, makes it easier for SMBs to access financing options and reducesthe risk of bankruptcy.
  • Teknovus — Teknovus, Inc., a fabless semiconductor and software solutions company, develops and supplies access chips and embedded software for the FTTx market. It offers Ethernet passive optical network (EPON) integrated chips for central office and customer premises applications; EPON customer premises equipment ONU; TDM transport chips that provide thecircuit emulation of T1/E1/J1 on various Ethernet switched networks; evaluation kits, which support original equipment manufacturers and service provider customers; EPON OLT solutions that offer a system-on-a-chip approach to the original equipment manufacturers; and TK3401 Intelligent EPON Node Controller that enables service providers to meet various needs of network topologies and subscriber densities. The company’s system-on-a-chips incorporate firmware for the embedded processor to control the hardware. Teknovus, Inc. markets its products through distributors in the United States, Europe, and China. Teknovus, Inc. was founded in 2002 and is headquartered in Petaluma, California with sales and support centers in Tokyo, Seoul, Beijing, Shanghai, and Shenzhen. The company also has a location in San Jose, California.
  • Almentor — almentor.net is a cutting-edge continuous e-learning platform curating top-rated video-based training programs delivered by leading subject matter experts and accessible through B2C and B2B channels to serve the needs of Arabs across the world. The platform was officially launched in January 2018 and currently offers the biggest Arabic high qualitycontinuous learning video library in the world, including paid courses, free talks, crash courses and books, primarily in Arabic.
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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

  • 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.
  • Nextbillion.ai — Nextbillion.ai aims to deliver a wide range of AI-powered hyperlocal solutions starting with the area of mapping. Nb.ai is working on building the geospatial infrastructure needed for enabling location-based experiences for the next billion users. The complexities in markets like India, Indonesia, and Nigeria are far greater than the traditionaldeveloped countries and we are building the future of location technology. Underdeveloped infrastructure, the rise of megacities, complex addresses, and an ever-changing road network make things even more challenging and we are trying to solve these extremely complex problems using a combination of data, AI, platform, and people.
  • Cambridge Industries — Cambridge Industries pioneers sustainable waste-to-energy, recycling, and urban mining solutions worldwide.
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Nagase & Co
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Ethiopia startups

Nagase & Co., Ltd. engages in the manufacture, import/export, and sale of chemicals, plastics, electronics materials, cosmetics, and health foods worldwide. It offers colors and imaging products that comprise dyestuffs, dyeing auxiliaries, finishing agents, textile processing resins, adhesives for textiles, pigments, pigment dispersingagents, plastic additives, UV cured and toner resins, silicones, dyes and related chemicals, chemicals for paper manufacturing, and additives for paints and inks; and performance chemicals consisting of plastic materials, plastics and pigments, solvents, urethane materials, flame retardants, plastic additives, plasticizers, and polymer filters. The company also provides specialty chemicals, such as petrochemical products, raw materials for household products, cosmetic ingredients, surfactants and surfactant raw materials, fluorochemicals, materials for silicones, and electronics chemicals; advanced polymers and automotive solutions; and polymer products, including resin materials, film sheet products, and molded plastic and construction products. In addition, Nagase offers electronic chemicals comprising photoresist developer production equipment, chemical management equipment for liquid crystal preprocessing, chemicals for the production of semiconductors and liquid crystals, and formulated epoxy resins. Further, it provides liquid crystal displays (LCDs), manufacturing devices and optical films for LCDs and organic light-emitting diodes, and processed aluminum and glass products; pharmaceuticals, in vitro diagnostics, hard disk related products, medical equipment, agricultural chemicals, household insecticides, animal health products, enzymes, fermentation products, functional food ingredients, nutritional supplements, and feed additives; and cosmetics and health foods. Additionally, Nagase provides logistics, information processing, and professional services. The company was founded in 1832 and is headquartered in Osaka, Japan.

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Investment focus

  • Industry: Manufacturing, Software, Cloud Computing
  • Stage:Series A, Corporate Round
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 20
  • Round size: Series A $2.4M–$58M; Corporate Round $1.7B–$2.8B
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • A10 Lab — A10 Lab is a company that aims to makes people happy with technology that is independent of Sony's new business creation program. It provides Google Play an app that allows users to do things that they have never been able to do with the custom app 'Min Chale' selected for two consecutive years. It is a company that brings profits tocompanies by improving lifetime value (sales) through the habitation of users that companies have.
  • Rapidus — Rapidus is an Electronic component research, development, design, production, and sales that includes semiconductor elements and integrated circuits. Environmentally friendly, energy-saving semiconductors and semiconductor manufacturing technology are being researched and developed. Human resource development and training for the semiconductorsector.
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Persistent
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Ethiopia startups

Africa's Climate Venture Builder - We believe in the power of climate-positive economic development in Africa. For the last decade, we have been working hand in hand with exceptional entrepreneurs, investing both financial and human capital to build successful climate ventures on the continent. Our companies offer competitive financial returns required to drive lasting impact.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Ghana, Germany, Switzerland

Investor stats

  • Total investments: 24
  • Round size: Seed $500k–$1.3M; Series A $1.1M–$10M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • EcoNetix — We help companies reduce emissions, offset with high-integrity carbon projects, and communicate impact transparently to achieve compliance certainty, climate
  • Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
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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: Diving, Retail, GreenTech
  • Stage:Series A, Seed, Series B
  • Geography: Japan, Ethiopia

Investor stats

  • Total investments: 13
  • Round size: Series A $2M–$8M; Series B $1.9M–$9.2M
  • 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, 56 in the past 12 months

We're experienced operators helping to ignite and scale startups

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Investment focus

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

Investor stats

  • Total investments: 267
  • Round size: Seed $1.1M–$6.5M; Pre-Seed $500k–$1.5M; Series A $17M–$25M
  • Lead/follow: 0% lead, 100% follow

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
  • Herd Security — Herd Security is a cybersecurity company focused on protecting banking customers from the rising threat of AI-driven voice phishing (vishing) and social engineering scams. Leveraging advanced voice detection and AI technologies, Herd Security provides banks with real-time insights into potential vishing attacks, including those targeting high-risktransactions like wire fraud and elderly fraud. Designed to defend against the growing sophistication of AI-generated deepfake voice fraud, Herd Security offers security teams the tools and intelligence they need to safeguard customers’ sensitive information and financial assets. The platform integrates seamlessly with existing security infrastructures, empowering organizations to stay one step ahead of evolving social engineering threats.
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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:Debt Financing, Grant
  • Geography: India, South Africa, Ghana

Investor stats

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

Portfolio highlights

  • SUN Energy — SUN Energy - Pengembang Proyek PLTS Terkemuka untuk Mendukung Perjalanan Keberlanjutan Perusahaan Anda.
  • Turnkey Lender — Turnkey Lender is a Commercial lending software that can improve efficiency and reduce costs for financial services companies.
  • Naked Insurance — The new way to cover your stuff: savings & convenience through AI. Naked Insurance offers online insurance for car, home and contents. Get a quote in 90 seconds!
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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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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: E-Commerce
  • Stage:Seed
  • Geography: Ethiopia

Investor stats

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

Portfolio highlights

  • beU delivery — Food delivery service
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Investor funding in Ethiopia at a glance

Stats across 135 deals from 82 investors.

82
investors
in Ethiopia startups
135
deals
in Ethiopia startups
$500k
median round
in Ethiopia startups
61%
lead investors
lead at least one round
37%
Grant
most common funding stage
95/5
VC / Angel
share of investor count

Access all 82 investors in Ethiopia startups.

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