Top 5 Startup Investors in Madagascar (August 2026)

Portfolio highlights

• OKALOU — OKALOU is an event services company that specializes in leisure, entertainment and events for children, young people and adults.
• EXA — EXA produces insect-based proteins and products to combat malnutrition, support communities, and promote environmental resilience
• Laiterie Maminiaina — Laiterie Maminiaina is a company that specializes in the production and distribution of dairy products.

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.

Portfolio highlights

• Grapevine — Grapevine makes it possible for groups to invite members, collect and distribute donations, establish a community and connect with nonprofits.
• Untapped Global — Untapped connects global investors, and foreign capital to opportunities in emerging markets. Delivering competitive returns, and measurable impact for global investors.
• Necessary Ventures — We invest in what the world needs.

Portfolio highlights

• Kuku FM — Discover the most popular audiobooks & podcasts on Kuku FM. Listen to trending shows, most-played content, and viral audio series everyone is loving.
• Altobridge — AltoBridge.com is a bold and dynamic domain name that exudes sophistication and innovation. This sleek and memorable name evokes a sense of elevation and connection, making it perfect for a wide range of industries looking to establish a st
• Hellas Direct — Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and artificial intelligence. The Cyprus-based company is backed by a roster of leading investors, including Portag3, IFC (a member of the World Bank), Endeavor Catalyst, former Goldman Sachs economist Lord O’Neill and private equity veteran JonMoulton. Modelling itself on Amazon, Hellas Direct aims to disrupt the insurance value chain by adopting an extreme focus on operational excellence.

Portfolio highlights

• SAYNA — Sayna is to provide high-quality training in the digital sector and provide professional chances to young people by bridging the gap between the growing demand and supply for digital talent in Africa.
• Moringa Wave — We are a social enterprise which promotes the sustainable economic growth for the production and distribution of moringa oleifera and its derivatives, by collaborating with a network of local producers in Madagascar. As mission, we aim to the social, environmental and economic development of Madagascar, one of the poorest country in the world. We support the training and employment programs of young people and women.