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Top 10 Startup Investors in Mozambique (October 2026)

The most active venture capital funds and angel investors investing in Mozambique startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Mozambique startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Miles Morland
Angel
5 Mozambique Pre-Seed Internet, Education, Publishing $7k–$12k
Goodwell Investments
VC Fund
2 Nigeria, South Africa, Kenya Series A, Series B, Venture - Series Unknown FinTech, Financial Services, Banking $140k–$26M
Ground Squirrel Ventures
VC Fund
1 United States, Kenya, Zambia Seed, Venture - Series Unknown, Series A Financial Services, FinTech, Finance $125k–$48M
IDH
VC Fund
1 India, Kenya, Uganda Debt Financing, Venture - Series Unknown, Seed Financial Services, Farming, AgTech $2.1M–$9.5M
Reflect Ventures
VC Fund
1 United States, Pakistan, Nigeria Seed, Pre-Seed, Series A Logistics, Information Technology, E-Commerce $120k–$40M
AgDevCo
VC Fund
1 Zambia, Kenya, Ethiopia Debt Financing, Venture - Series Unknown Farming, Agriculture, AgTech $1.1M–$10M
Aqua Spark
VC Fund
1 United States, Norway, Israel Venture - Series Unknown, Series A, Seed Biotechnology, Seafood, Aquaculture $1.2M–$25M
Norsad Capital
VC Fund
1 South Africa, Zimbabwe, Kenya Debt Financing, Post-IPO Debt Financial Services, Finance, FinTech $4.6M–$30M
Pearl Capital Partners
VC Fund
1 Uganda, Kenya, Malawi Private Equity, Debt Financing, Seed Agriculture, Farming, Food Processing $5k–$2.6M
DHD Holding
VC Fund
1 Mozambique Seed Shopping, E-Commerce, Food and Beverage
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Investor list

Miles Morland
Angel · London, England, United Kingdom · 5 investments in Mozambique startups

Miles Morland is based out of London and is the Co-founder of Development Partners International. Miles Morland attended the University of oxford.

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Investment focus

  • Industry: Internet, Education, Publishing
  • Stage:Pre-Seed
  • Geography: Mozambique

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $7k–$12k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Ethale Books App — The Ethale Books App by Ethale Publishing is the first-ever East African multilingual book app featuring local content. It is one of the first in the developing world to be specifically designed for android mobile phones and not e-readers. The trilingual app will make books available in Portuguese, Swahili and English for free, with revenuesustained via a mobile advertising strategy.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Mozambique startups

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 51
  • Round size: Series A $1.5M–$12M; Series B $2M–$26M; Venture - Series Unknown $140k–$1.8M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely actively investing — fresh fund, raised $59M in 2026

Portfolio highlights

  • OmniRetail — OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products.
  • Hinckley Recycling — Hinckley Recycling is dedicated to the responsibility of being a good steward of the environment and will in all circumstances aspire to constantly emphasize awareness of the natural environment, whilst maintaining a level of proficiency which demonstrates bona fide leadership in all spheres of the environment.
  • Agent Banking Company — Agent Banking Company provides digital technology solutions that enable access to banking services through bank-approved agents.
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Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 1 investments in Mozambique startups

Seed round investment in frontier markets and clean energy

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Kenya, Zambia

Investor stats

  • Total investments: 71
  • Round size: Seed $400k–$3M; Series A $1.8M–$5M; Venture - Series Unknown $125k–$48M
  • Lead/follow: 8% lead, 92% follow

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.
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IDH
VC Fund · Utrecht, Utrecht, The Netherlands · 1 investments in Mozambique startups

IDH, The Sustainable Trade Initiative is a social enterprise that works with businesses, financiers, governments and civil society to realize sustainable trade in global value chains.

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Investment focus

  • Industry: Financial Services, Farming, AgTech
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: India, Kenya, Uganda

Investor stats

  • Total investments: 13
  • Round size: Debt Financing $2.1M–$9.5M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — raised $111M in 2020

Portfolio highlights

  • Kaleidofin — Kaleidofin provides a scalable and adaptable platform dedicated to democratizing finance through responsible fintech, empowering every customer. Our name, 'Kaleidofin', symbolizes the transformative power of financial solutions with a digital ecosystem that ensures finance for everyone, everywhere.
  • Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer
  • JKCC General Supplies — JKCC General Supplies is the producer and exporter of quality coffee.
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Reflect Ventures
VC Fund · Menlo Park, California, United States · 1 investments in Mozambique startups

Reflect Ventures makes venture capital investments in high-potential startups at the seed and series A/B+ stages. We identify extraordinary founders, companies and opportunities around the world, including in emerging and frontier markets. Our LPs comprise family offices, institutional investors and HNWIs on six continents, along withrecognized sector experts who are instrumental to our portfolio companies' future growth.

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Investment focus

  • Industry: Logistics, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Pakistan, Nigeria

Investor stats

  • Total investments: 57
  • Round size: Seed $200k–$12M; Pre-Seed $120k–$3.3M; Series A $4M–$40M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Jelt — HealthTech B2B Marketplace
  • PulseTech — Bangladesh's licensed digital pharmaceutical distributor serving 14,000+ pharmacies.
  • Moneco — Moneco is a financial application that aims to provide financial products.
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AgDevCo
VC Fund · London, England, United Kingdom · 1 investments in Mozambique 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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Aqua Spark
VC Fund · Utrecht, Utrecht, The Netherlands · 1 investments in Mozambique startups

Aqua-Spark is an investment fund with a focus on sustainable aquaculture businesses around the world. The small-to-medium enterprises (SMEs) they invest in are working toward the production of safe, accessible aquatic life, such as fish, shellfish and plants, in ways that do not harm their oceans. Their investors value the fact that each investmentaims to create triple impact—specifically, each investment is chosen for its potential to generate significant financial returns while also activating positive environmental and social outcomes.Aqua-Spark believes that committing to a long-term vision is the way to realize effective and lasting impact results. When it comes to investments, they do not seek quick exits; instead, they look for entrepreneurs who strive to build and scale toward the future, who see their business as major economic opportunities that can also help solve looming environmental and food security challenges over the long-term. As an essential of each investee, Aqua-Spark seeks sustainability.

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Investment focus

  • Industry: Biotechnology, Seafood, Aquaculture
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: United States, Norway, Israel

Investor stats

  • Total investments: 53
  • Round size: Seed $1.2M–$7M; Series A $3.2M–$12M; Venture - Series Unknown $2.4M–$25M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $6M in 2022

Portfolio highlights

  • Ace Aquatec — Ace Aquatec is specialises in acoustic marine mammal deterrents and humane electrical fish stunning equipment. Our markets are aquaculture, off-shore construction / demolition and fishermen.The US3 is the latest model of acoustic deterrent for the fish farming industry offering data logging, high and low frequency transducers, and sonartriggering. The MMD is offered to the long line fishermen, to offshore platforms engaged in pile driving and government organisations engaged in post oil spillage response. The sophisticated electronics drives marine wildlife to a zone of safety.
  • Oceano Fresco — Oceano Fresco develops and produces bivalves varieties with superior performance for shellfish farmers at a competitive cost, respecting environmental sustainability and ensuring consumer safety.They use a multi-disciplinary approach including expertise in molecular biology, genetics, animal physiology, computational biology and intellectualproperty to select value adding traits to shellfish farmers and contribute to the sustainability and profitability of the aquaculture industry.They work with hatcheries, nurseries and research centers in order to test and validate their solutions and ensure that they suit the specific needs of each customer, in each technical and environmental context.
  • Kuehnle Agrosystems — Kuehnle AgroSystems curates a unique set of algae originating from pristine waters and ecosystems of Hawaii, as well as tropical botanical accessions representing plants prized by Polynesian voyagers.
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Norsad Capital
VC Fund · Gaborone, South-East, Botswana · 1 investments in Mozambique startups

Norsad Capital is an impact investor and private credit provider offering structured debt to mid-market growth companies in Africa.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: South Africa, Zimbabwe, Kenya

Investor stats

  • Total investments: 10
  • Round size: Debt Financing $4.6M–$30M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Bayport Management — Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.
  • Watu — We are a dynamic, fast-growing non-bank finance company offering asset financing for two and three-wheelers.
  • First Finance — First Finance is a financial services provider that provides a wide range of general purpose financial services across the country.
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Pearl Capital Partners
VC Fund · Kampala, Kampala, Uganda · 1 investments in Mozambique startups

Pearl Capital Partners is a specialist agriculture investment firm that has been investing in small and medium sized East African agribusinesses since 2005. Pearl Capital Partners investments generate financial returns for our investors while creating significant social impact. Pearl Capital Partners success is derived from working with ambitiousmanagement teams, providing supportive investment structures and specialist expertise that create high-growth agribusinesses.

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Investment focus

  • Industry: Agriculture, Farming, Food Processing
  • Stage:Private Equity, Debt Financing, Seed
  • Geography: Uganda, Kenya, Malawi

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$2.1M; Debt Financing $5k–$650k; Private Equity $346k–$2.6M
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2017

Portfolio highlights

  • Enimiro — Enimiro is creating an online farming platform in form of a mobile App to connect Ugandan smallholder farmers with local investors to increase harvest while enabling urban people to invest into farming and earn proceeds at just a click of a button.
  • Kamp Feed — We are a company dealing in the production and sale of animal feeds (Pigs, Poultry, Cattle, Rabbit).
  • Newman Foods — Newman Foods is an agro-processing company that manufactures, exports, and supplies a comprehensive range of fresh agricultural products. Newman Foods Ltd is a Kampala-based agro-processing company whose primary business is producing and marketing branded consumer foods sold through retail stores in the local and the regional market, as well asaggregation and export of fresh fruits and vegetables (FFV) to the European market.
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DHD Holding
VC Fund · 1 investments in Mozambique startups

DHD Holding, which is part-owner of the largest private media conglomerate in Mozambique, Soico Group

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Investment focus

  • Industry: Shopping, E-Commerce, Food and Beverage
  • Stage:Seed
  • Geography: Mozambique

Investor stats

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

Portfolio highlights

  • Izyshop — Izyshop allows Maputo’s residents and businesses to shop for groceries online.A great company is where people come together for a common purpose and the purpose that brings us together is to make your life a little easier.At Izyshop, we dedicate our time to finding ways to save your time, so that you devote more of your time to who elsematters.
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Investor funding in Mozambique at a glance

Stats across 31 deals from 27 investors.

27
investors
in Mozambique startups
31
deals
in Mozambique startups
$90k
median round
in Mozambique startups
59%
lead investors
lead at least one round
19%
Pre-Seed
most common funding stage
93/7
VC / Angel
share of investor count

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