Top 5 Startup Investors in Madagascar (October 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

• 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.

Portfolio highlights

• PSL — With a production capacity in excess of the 1 million ton mark, they are India’s largest producer/manufacturer of HSAW pipes - the line-pipe industry's preferred pipe.But their leadership in the pipe industry is not confined to the domestic market alone, though the market is huge and still growing - global recognition is reflected in thehuge orders already in hand from the US even before the commissioning of their 300,000 MT capacity plant in Missisipi not to mention the USD 45 million order of their pipe mills in Sharjah in the UAE.These facilities are backed by sound technology, state-of-the-art infrastructure, technical collaborations with leading Design & Engineering consultancies of Germany and Italy and most importantly, by a human resources pool that is amongst the best in the industry - ensuring that your project is completed on target, time after time.
• Cube Highways Trust — Cube roadways Trust is utilizing the public-private partnership (PPP) model in the roadways sector to operate and manage highway projects in collaboration with the federal and state governments.
• Fosun United Health Insurance — Fosun United Health Insurance provides a wide range of medical insurance, disease insurance, disability income loss insurance, nursing care insurance, and accident coverage. The company is dedicated to providing high-quality products throughout their lifecycle and developing a comprehensive service system to support them.