Top 5 Startup Investors in Mozambique (June 2026)

Miles co-founded DPI in 2007 after having become non-executive Chairman of Blakeney Management (Blakeney) in July 2006 by which time the firm was considered to be one of the largest portfolio investors in many African stock markets. Blakeney was set up by Miles in 1990, first as a consultancy and, since 1994, as an asset management firm, investingin Africa and the Middle East. Blakeney was one of the first investors in many African markets and Miles played an active role in the development of markets in countries such as Ghana, Morocco, Egypt, Kenya and Tunisia.Before starting Blakeney, Miles spent 22 years in money management and investment banking in London and on Wall Street.Miles is also on the boards of SABMiller plc, the world’s second largest brewer and SouthWest Energy (BVI) Ltd, an Ethiopian oil exploration company. He was the founder and chairman for five years of the London Business School’s Africa Board. He read Law at the University of Oxford. Miles is a British citizen.

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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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.

Investment focus

Industry: Biotechnology, Seafood, Aquaculture
Stage:Series A, Seed
Geography: United States, Norway, Israel

Investor stats

Total investments: 41
Round size: Seed $1.2M–$7M; Series A $3M–$13M
Lead/follow: 54% lead, 46% follow
Last fund: May invest from a new fund soon — raised $87M in 2019

Portfolio highlights

Calysta — Calysta Energy (www.calystaenergy.com), Menlo Park, CA., is developing a new biological gas-to-liquids™ (BioGTL™) and biological gas-to-chemicals (BioGTC™) technology using methane – an energy-rich component of natural gas – as a new sustainable biological feedstock for high value industrial chemicals and transportation fuels with cost andperformance advantages over current processes. The company is a spinout of DNA2.0, the largest US-based provider of synthetic genes for industrial and academic use.
XpertSea — XpertSea is a Canadian technology company that's transforming how the global aquaculture industry farms seafood to help feed the world. Combining smart aquaculture equipment with a farm management platform, our collaborative solution uncovers actionable insights driven by artificial intelligence. These insights enable farmers and industryexperts to optimize feed efficiency, reduce environmental waste, take preventive actions against diseases and use data to bring transparency and knowledge to the entire supply chain. With customers in over 50 countries, we’re using Canadian ingenuity to make aquaculture profitable and sustainable.
Proteon Pharmaceuticals — Proteon Pharmaceuticals serves livestock and aquaculture farms that aim for high-quality and sustainable protein production.

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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.

Investment focus

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

Investor stats

Total investments: 56
Round size: Seed $200k–$12M; Pre-Seed $120k–$3.3M; Series A $4M–$37M
Lead/follow: 2% lead, 98% follow

Portfolio highlights

Appload — Appload provides an online solution for logistics services. They connect logistics companies with customers looking for cargo transport. The app offers a secure scheduling and electronic payment system and the ability to secure shipments through an industry partner. They serve in the B2B space in transportation and logistics technology. They alsoprovides customer services.
Gigmile — Gigmile provides financial services. They provide gig workers with core services and an affordable lease on productive assets that is tailored to their earnings to enable them to succeed in the mobility industry as entrepreneurs.
VIVAN Therapeutics — VIVAN Therapeutics, a company pioneering personalized cancer therapeutics using a new assay technology. MPT licensed technology from the Center for Personalized Cancer Therapeutics at Mt Sinai New York and is launching the world’s most comprehensive, personal genomics-based, block-chain enabled drug screening service. All recommended treatmentcombinations will include a cancer drug and a non cancer drug, making treatments less toxic and more affordable. Intelligently designed personalized treatment. Revolutionary cancer care.

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

Investment focus

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

Investor stats

Total investments: 47
Round size: Series A $1.6M–$12M; Series B $2M–$26M
Lead/follow: 53% lead, 47% follow
Last fund: Likely still investing — fund raised in 2022

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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