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Top 50 Startup Investors in Rwanda (October 2026)

The most active venture capital funds and angel investors investing in Rwanda startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Rwanda startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
TotalEnergies Ventures
VC Fund
3 United States, France, United Kingdom Series B, Series C Energy, Renewable Energy, Transportation $5M–$175M
Ecosystem Integrity Fund
VC Fund
3 United States, India, Brazil Series A, Series B Energy, Renewable Energy, Software $4M–$45M
Factor E
VC Fund
3 Kenya, United States, India Seed, Series A, Convertible Note Energy, Renewable Energy, Agriculture $20k–$10M
Norrsken Foundation
VC Fund
2 Nigeria, United States, Rwanda Pre-Seed, Seed, Grant Financial Services, FinTech, Health Care $100k–$4M
Acumen
VC Fund
2 United States, India, Kenya Seed, Venture - Series Unknown Agriculture, Solar, Farming $300k–$7.4M
Nestcoin
VC Fund
2 United States, Rwanda, Nigeria Pre-Seed, Seed Blockchain, Cryptocurrency, Web3 $100k–$1M
Shola Akinlade
Angel
2 Nigeria, Kenya, Rwanda Pre-Seed, Seed FinTech, Education, Insurance $192k–$4M
Folarin Falana
Angel
2 Rwanda Pre-Seed Education $1M–$1M
Olugbenga Agboola
Angel
2 Nigeria, Kenya, United States Pre-Seed, Seed, Angel FinTech, Financial Services, Payments $625k–$7.5M
Africa GoGreen Fund
VC Fund
2 Kenya, Rwanda, United States Debt Financing Energy, Solar, Logistics $7.5M–$33M
SOSV
VC Fund
2 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $50k–$5M
pledges.com
VC Fund
2 Rwanda, United States Seed, Pre-Seed Education, EdTech, E-Learning $1M–$1M
Ground Squirrel Ventures
VC Fund
2 United States, Kenya, Zambia Seed, Venture - Series Unknown, Series A Financial Services, FinTech, Finance $125k–$48M
British International Investment
VC Fund
2 India, Kenya, United Kingdom Debt Financing, Venture - Series Unknown, Series B Financial Services, Banking, Finance $2.5M–$122M
Women Entrepreneurship for Africa
VC Fund
2 Nigeria, Uganda, Cameroon Pre-Seed, Grant Health Care, Agriculture, Food and Beverage
Akitoye Balogun
Angel
2 Rwanda Pre-Seed Education $1M–$1M
ODBA
VC Fund
2 Nigeria, United States, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, Health Care $43k–$10M
Beyond Capital Ventures
VC Fund
2 India, Kenya, Ghana Series A, Venture - Series Unknown, Series B Health Care, Wellness, Insurance $2M–$12M
Zephyr Acorn
VC Fund
2 Kenya, Rwanda, India Seed, Series A, Pre-Seed Financial Services, Banking, FinTech $125k–$10M
International Finance Corporation
VC Fund
1 India, Brazil, United States Debt Financing, Post-IPO Debt, Venture - Series Unknown Financial Services, Finance, Banking $5M–$420M
TLG Capital
VC Fund
1 Nigeria, United Kingdom, Uganda Debt Financing, Private Equity, Venture - Series Unknown Financial Services, Finance, Banking $3M–$600M
Blockchain Founders Fund
VC Fund
1 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$6M
Team Ignite Ventures
VC Fund
1 United States, Canada, India Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $300k–$25M
Techstars Ventures
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $500k–$13M
Pearl Capital Partners
VC Fund
1 Uganda, Kenya, Malawi Private Equity, Debt Financing, Seed Agriculture, Farming, Food Processing $5k–$2.6M
DeveloPPP Ventures
VC Fund
1 Ghana, Rwanda Seed, Grant Finance, Medical, Software
Blue Haven Initiative
VC Fund
1 Kenya, United States, Ghana Series A, Series B, Seed Financial Services, Solar, Finance $2M–$22M
Right Side Capital Management
VC Fund
1 United States, Canada, United Kingdom Pre-Seed, Convertible Note, Seed Software, Artificial Intelligence, SaaS $50k–$1.7M
Resilience17
VC Fund
1 Nigeria, Kenya, Ghana Seed, Pre-Seed Sports, Finance, Outdoors $100k–$12M
NISK Capital
VC Fund
1 Rwanda Seed Financial Services
Burrow Capital
VC Fund
1 Rwanda Seed Finance, Software, Financial Services
Imbuto Foundation
VC Fund
1 Rwanda Pre-Seed EdTech, Education
Hustle Fund
VC Fund
1 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $100k–$25M
Eight Capital
VC Fund
1 United States, Canada, United Kingdom Pre-Seed, Seed, Post-IPO Equity Artificial Intelligence, Software, Information Technology $500k–$132M
Oikocredit International
VC Fund
1 India, Kenya, Ghana Debt Financing, Series B, Series A Financial Services, Finance, FinTech $1.1M–$33M
Luxembourg Export Credit Agency
VC Fund
1 Rwanda Seed Finance, Software, Financial Services
Everstrong Capital
VC Fund
1 Rwanda Series A Energy, Automotive, Transportation
Injini
VC Fund
1 South Africa, Nigeria, Kenya Grant, Seed, Pre-Seed Education, EdTech, E-Learning $7k–$500k
Bathurst Capital
VC Fund
1 Rwanda Pre-Seed Wellness, Insurance, Health Care
U.S. International Development Finance Corp
VC Fund
1 India, Kenya, United States Debt Financing, Post-IPO Debt, Venture - Series Unknown Financial Services, Finance, FinTech $1M–$1B
Opes Impact Fund
VC Fund
1 Italy, Kenya, India Venture - Series Unknown, Seed Communities, Agriculture, Energy $219k–$910k
VestedWorld
VC Fund
1 Nigeria, Kenya, Ghana Seed, Series A, Series B Agriculture, Financial Services, Farming $1.6M–$20M
DOB Equity
VC Fund
1 Kenya, Uganda, Tanzania Private Equity, Seed Food and Beverage, Farming, Agriculture $1M–$3.8M
Battery Road Digital Holdings
VC Fund
1 Egypt, Singapore, India Seed, Series A, Series B E-Commerce, Transportation, Payments $200k–$24M
Good Soil VC
VC Fund
1 Ghana, United Kingdom, Rwanda Seed, Pre-Seed, Series A FinTech, Financial Services, Retail $35k–$940k
Angaza Capital
VC Fund
1 Nigeria, Kenya, Rwanda Seed, Venture - Series Unknown, Series B Software, Health Care, Electronic Health Record (EHR) $1.2M–$3M
Development Bank of Rwanda
VC Fund
1 Rwanda Seed Finance, Software, Financial Services
LuxDev
VC Fund
1 Rwanda, Albania Seed CRM, Finance, Software $125k–$1.2M
Fejiro Hanu Agbodje
Angel
1 Rwanda, United States Pre-Seed, Seed, Corporate Round Education, Blockchain, Communities $1M–$2.1M
Acacia Venture Capital Partners
VC Fund
1 United States, Mexico, Colombia Seed, Pre-Seed, Series B Software, FinTech, E-Commerce $125k–$8.2M
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

TotalEnergies Ventures
VC Fund · La Défense, Ile-de-France, France · 3 investments in Rwanda startups

TotalEnergies Ventures is the venture capital arm of Total. As part of Total's commitment to a better energy future, TotalEnergies Ventures is focused on finding, funding and fostering high-potential start-ups which will contribute to creating a low carbon future. Current areas of interest include Renewables, Distributed Energy, New Mobility, Energy Access, Energy Storage, Bio-Plastics, Circular Economy, Carbon Capture and Hydrogen.

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Investment focus

  • Industry: Energy, Renewable Energy, Transportation
  • Stage:Series B, Series C
  • Geography: United States, France, United Kingdom

Investor stats

  • Total investments: 102
  • Round size: Series B $11M–$175M; Series C $5M–$65M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Autogrid — AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data.The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy bymanaging networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications utilize petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks.Established at Stanford University in 2011, they have assembled a team of world-class software architects, electrical and computer engineers, data scientists and energy experts who apply cutting-edge analytics and in-depth energy data science to solve the world’s most critical energy problems.
  • 45-8 ENERGY — 45-8 ENERGY is exploring eco-friendly helium for uses in many industries.
  • Ampersand — Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network.
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Ecosystem Integrity Fund
VC Fund · San Francisco, California, United States · 3 investments in Rwanda startups

The Ecosystem Integrity Fund (“EIF”) is a venture capital firm that invests in early-stage companies contributing to environmental sustainability. It seeks to demonstrate that there is no trade-off between having a positive impact and achieving outstanding financial returns. The movement toward environmental sustainability is making incremental improvements to the largest industries in the world. Over the next several decades, the economy will be transformed by this movement. Sustainability is fundamentally about making things better: more efficient, more functional, less toxic, less costly. This is the next phase of the Industrial Revolution.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 70
  • Round size: Series A $4M–$30M; Series B $5.5M–$45M
  • Lead/follow: 74% lead, 26% follow
  • Last fund: Likely actively investing — fresh fund, raised $225M in 2025

Portfolio highlights

  • Trashie — Trashie provides a textile recycling service with rewards through its Take Back Bag and TrashieCash program.
  • ZeroAvia — ZeroAvia is producing the world's first practical zero emission aviation powertrain, initially targeting 20-seat airplanes to start replacing dirty jet fuel in regional transport
  • Battery Smart — India's largest battery swapping network for electric two and three wheelers. Pay-per-use battery-as-a-service via swap stations.
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Factor E
VC Fund · Fort Collins, Colorado, United States · 3 investments in Rwanda startups

Factor E is a finance company that impacts venture builders, dedicated to supporting the people and ideas that will turn the tables in the global battle for sustainable solutions to energy, agriculture, mobility, and waste challenges in emerging and frontier markets. It serves as a conduit between philanthropic and commercial investors throughmarket-driven forces.

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Investment focus

  • Industry: Energy, Renewable Energy, Agriculture
  • Stage:Seed, Series A, Convertible Note
  • Geography: Kenya, United States, India

Investor stats

  • Total investments: 35
  • Round size: Seed $500k–$4.6M; Series A $1.3M–$10M; Convertible Note $20k–$1.3M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • InspiraFarms — InspiraFarms provides on-and-near farm, grid & solar powered Cold Rooms & Packhouses for agribusinesses & distributors. Reduce energy costs & food losses!
  • Open Access Energy — South Africa's first multilateral wheeling software platform that automates energy transactions.
  • 60Hertz Energy — Unify asset management with asset monitoring, enhance scheduling, and facile communication. Book a Demo Now!
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Norrsken Foundation
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Rwanda startups

Norrsken Foundation is non-profit organization solving problems such as poverty, famine, environmental issues and mental health.

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Investment focus

  • Industry: Financial Services, FinTech, Health Care
  • Stage:Pre-Seed, Seed, Grant
  • Geography: Nigeria, United States, Rwanda

Investor stats

  • Total investments: 19
  • Round size: Seed $100k–$4M; Pre-Seed $125k–$1.1M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • RYE — RYE is a members-only, low-cost green energy supplier built for businesses with no time to deal with energy suppliers. Always accurate energy or it's free
  • Eden Care Medical — Eden Care Medical is a mobile application that provides medical and health insurance as well as financial services.
  • ORDA — Process orders, accept payments, connect to logistic providers, engage with your customers + more. We equip you with everything you need to grow your business.
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Acumen
VC Fund · New York, New York, United States · 2 investments in Rwanda startups

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumen invested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Agriculture, Solar, Farming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 209
  • Round size: Seed $300k–$2.5M; Venture - Series Unknown $1000k–$7.4M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $123M in 2025

Portfolio highlights

  • Bintix — Bintix averts landfill waste ... one household at a time.
  • eBik — eBik is an innovation-driven company that builds high-quality products by investing in R&D, innovation, and automation.
  • EduBridge — EduBridge is an organization started by a group of alumni and professors from IIM Bangalore & Lucknow in 2009. EduBridge works towards transforming the lives of the unemployed youth in the country across urban, semi-urban and rural areas. EduBridge provides them with a commercially relevant training at their doorstep and arm them with thenecessary skill sets and mindset to succeed in their professional careers and thus help transform their lives.
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Nestcoin
VC Fund · Tórtola, Castilla-La Mancha, Spain · 2 investments in Rwanda startups

Nestcoin is a web3 application company that builds, operates, and invests in crypto-native products.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Pre-Seed, Seed
  • Geography: United States, Rwanda, Nigeria

Investor stats

  • Total investments: 6
  • Round size: Seed $100k–$800k; Pre-Seed $670k–$1M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Stakefair — Stakefair is an ecosystem of blockchain, crypto and DeFi products.
  • Nandi Labs — Nandi Labs, Home of Nandi Cowry, Digital FESTAC and MoveMint Magazine
  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
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Shola Akinlade
Angel · Sunnyvale, California, United States · 2 investments in Rwanda startups

Shola Akinlade s based out of Sunnyvale, California and currently works as the CEO for Paystack.

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Investment focus

  • Industry: FinTech, Education, Insurance
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria, Kenya, Rwanda

Investor stats

  • Total investments: 12
  • Round size: Seed $2.5M–$4M; Pre-Seed $192k–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Myka.Insure — Myka is a insurance sales platform that enables individuals to sell insurance policies to their family, friends, colleagues, and community while earning income . It operates as a micro-entrepreneurship program where anyone (students, gadget sellers, car dealers, parents, retirees) can start their own insurance business with zero investment,flexible hours, and free training . The company is licensed by the National Insurance Commission of Nigeria and provides instant payouts to its partners .
  • Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.
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Folarin Falana
Angel · Lagos, Lagos, Nigeria · 2 investments in Rwanda startups

Folarin Falana

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Investment focus

  • Industry: Education
  • Stage:Pre-Seed
  • Geography: Rwanda

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $1M–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
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Olugbenga Agboola
Angel · San Francisco, California, United States · 2 investments in Rwanda startups

Olugbenga Agboola is based out of San Francisco, California, and is the Founder and Chief Executive Officer of Flutterwave. Olugbenga previously worked at Access Bank as a Head of Digital Factory and Innovation. Olugbenga Agboola attended EC-Council University. Olugbenga Agboola has been a Certified Ethical Hacker and a Security Analyst.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, Kenya, United States

Investor stats

  • Total investments: 30
  • Round size: Seed $1.5M–$7.5M; Pre-Seed $625k–$3.7M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Lagos Life — Lagos Life a massively popular browser-based life-simulation game modeled after Nigeria's commercial capital. Within nine days of launch, the game attracted over 4.7 million players, featuring fully simulated career tracks, social hubs, local virtual economies, and real-time multiplayer functionality directly inside web browsers.
  • Terra Industries — Terra Industries develops and supplies autonomous security and defense technology systems that help monitor and safeguard critical infrastructure such as power plants, mines, refineries, and other industrial assets. The company creates unmanned aerial drones, autonomous ground vehicles, surveillance towers, and maritime monitoring systems that operate with its proprietary ArtemisOS platform for real-time threat detection, autonomous mission planning, and coordinated response across land, air, and sea environments. Its offerings support infrastructure operators and government agencies in detecting and responding to security risks with integrated hardware and software solutions. Terra Industries focuses on delivering systems that integrate data intelligence and autonomy to enhance wide-area surveillance and operational awareness across large or remote facilities.
  • Lorum Finance — Lorum is the correspondent institution for banks and fintechs: programmable access to global clearing, named custody, and treasury on a 100% reserve model.
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Africa GoGreen Fund
VC Fund · London, England, United Kingdom · 2 investments in Rwanda startups

AGG drives green investments across Africa through renewable energy and energy efficiency financing. Supporting climate projects that reduce GHG emissions.

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Investment focus

  • Industry: Energy, Solar, Logistics
  • Stage:Debt Financing
  • Geography: Kenya, Rwanda, United States

Investor stats

  • Total investments: 11
  • Round size: Debt Financing $7.5M–$33M
  • Lead/follow: 82% lead, 18% follow
  • Last fund: Likely still investing — raised $47M in 2023

Portfolio highlights

  • BioLite — BioLite designs off-grid personal scale energy products for cooking, charging, and lighting. Perfect for camping, fishing, tailgating, power outages, and more.
  • Spironet — Spiro builds electric motorcycles and operates Africa's largest battery-swap network, cutting daily running costs for riders.
  • Cold Solutions Rwanda — Cold Solutions Rwanda offers state-of-the-art temperature-controlled storage and logistics across East Africa from its Kigali facilities, providing short/long-term storage, blast freezing, and refrigerated transport while adhering to global standards and utilizing renewable energy.
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Access 48,091 investors

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

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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Rwanda startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 3729
  • Round size: Seed $150k–$5M; Pre-Seed $50k–$1.6M; Convertible Note $50k–$3.6M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Simply Good Jars — Simply Good Jars is a B-Corp company that delivers healthy meals in reusable + returnable packaging through use of smart refrigerated kiosks placed in offices, transit centers, universities and health-systems. Driven by purpose to change that way people think about consumption, SGJ introduces sustainable business practices into their everydayoperations with a zero-waste goal. For every jar returned back to the company for reuse, they will help feed someone in need and ensure that no packaging materials end up in landfills.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
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pledges.com
VC Fund · 2 investments in Rwanda startups

Start a US charity in minutes, without filing any paperwork

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Investment focus

  • Industry: Education, EdTech, E-Learning
  • Stage:Seed, Pre-Seed
  • Geography: Rwanda, United States

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $1M–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kibo School — Kibo School is an online university that provides high-quality degrees and access to skills and networks. The company combines the flexibility of self-paced learning with an engaging community of tutors and peers to unlock deeper knowledge acquisition, motivation, and accountability. Kibo School was founded in 2021 and is based in New York.
  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
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Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 2 investments in Rwanda 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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British International Investment
VC Fund · London, England, United Kingdom · 2 investments in Rwanda 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, Venture - Series Unknown, Series B
  • Geography: India, Kenya, United Kingdom

Investor stats

  • Total investments: 432
  • Round size: Series B $13M–$70M; Debt Financing $6.8M–$100M; Venture - Series Unknown $2.5M–$122M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2009

Portfolio highlights

  • Mettle.net — Mettle was established in 1995 as a specialist financial services company and has, since its inception become recognised for innovation in the creation of specialised financial solutions.With clients ranging from international corporates to small and medium enterprises and individuals, clients experience a different kind of insight from Mettle.This level of vision and considered intuition can also be found in Mettle’s investments.
  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
  • Coris Holding — Coris Holding is a financial institution that was established with the motive to provide support to SMEs and SMIs.
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Women Entrepreneurship for Africa
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Rwanda startups

Women Entrepreneurship for Africa

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Investment focus

  • Industry: Health Care, Agriculture, Food and Beverage
  • Stage:Pre-Seed, Grant
  • Geography: Nigeria, Uganda, Cameroon

Investor stats

  • Total investments: 116
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • ORIKI — ORIKI is a luxury skin and hair care brand that fuses all-natural ingredients primarily sourced from the continent of Africa with scientific research to create extraordinary products.
  • Mukuru Clean Stoves — Mukuru Clean Stoves is a social enterprise The company is engaged in designing, producing and distributing improved, reliable and affordable cook stoves for low income households. The company's stoves are produced using locally sourced recycled waste metal enabling them to reduce production costs and make affordable products in the market.The company distributes its products through networks of local women business owners and microfinance institutions.
  • 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.
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Akitoye Balogun
Angel · 2 investments in Rwanda startups

Akitoye Balogun

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Investment focus

  • Industry: Education
  • Stage:Pre-Seed
  • Geography: Rwanda

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $1M–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
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ODBA
VC Fund · Port Louis, Port Louis, Mauritius · 2 investments in Rwanda startups

We invest in people and stories, which are at the heart of everything we do.

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Investment focus

  • Industry: FinTech, Financial Services, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 27
  • Round size: Seed $200k–$10M; Pre-Seed $43k–$1.7M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Hopea Pay — Hopea Pay provides payment plans for healthcare services that comply with Shariah financial standards. The platform allows patients to split bills into monthly installments from three to twenty-four months. Payments are sent directly to healthcare providers while patients manage their schedules digitally through a mobile app. The system meetsglobal standards for security and privacy, including HIPAA, PCI DSS, and SOC2. It works with healthcare providers to make services accessible through managed payment solutions.
  • TUNL — Ship globally with ease. TUNL offers affordable, transparent international shipping built for South African brands. Up to 91% cheaper. No surprises.
  • Kunda Kids — Kunda Kids brings African stories to life! Award-winning books, music & media that make early learning joyful, empowering & proudly cultural.
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Beyond Capital Ventures
VC Fund · 2 investments in Rwanda startups

Beyond Capital Ventures is a venture capital firm, offering a diversified portfolio of companies in "need-to-have" sectors, led by conscious leaders.

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Investment focus

  • Industry: Health Care, Wellness, Insurance
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: India, Kenya, Ghana

Investor stats

  • Total investments: 18
  • Round size: Series A $2M–$12M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $1.5M in 2021

Portfolio highlights

  • Lissun — Lissun is an online counselling platform, which allows you to get expert advice and counselling for any mental health problem anytime and from the comfort of your own home.
  • Alt Mobility — ALT Mobility is a full-stack EV leasing platform offering mobility as a service (MaaS) for commercial vehicle users.
  • BimaKavach — Buy business insurance online from India's top 25 insurers in minutes with AI-powered risk analysis, policy comparison, and customised coverage for businesses in India
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Zephyr Acorn
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Rwanda startups

Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity and venture capital funds.

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Investment focus

  • Industry: Financial Services, Banking, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, Rwanda, India

Investor stats

  • Total investments: 20
  • Round size: Seed $125k–$3M; Series A $2M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arifu — Home About Us Impact Gender Dynamics of Using Mobile Technology Informed Consumers Improve Financial Service Utilization Digital training benefits farmers and agricultural institutions Resources Careers Contact Us X DEMO SCHEDULE A DEMO About Arifu https://vimeo.com/531804968Arifu is an education technology company established in 2015 in Kenya. We offer a content marketplace that brings together subject matter
  • Emata — Emata brings digital and affordable financial products to farmers in East Africa.
  • Power — Putting individuals on the path towards financial health
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 1 investments in Rwanda startups

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: India, Brazil, United States

Investor stats

  • Total investments: 761
  • Round size: Post-IPO Debt $50M–$420M; Debt Financing $20M–$356M; Venture - Series Unknown $5M–$67M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

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
  • Lagos Free Zone — Lagos Free Zone is a leading industrial and commercial hub in Nigeria, offering businesses world-class infrastructure, tax incentives, and strategic access to global markets.
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TLG Capital
VC Fund · London, England, United Kingdom · 1 investments in Rwanda startups

TLG Capital is an award-winning private investment firm dedicated to empowering frontier market entrepreneurs, with a focus on opportunities in Sub-Saharan Africa (SSA).TLG firmly believes that impact creation is crucial to sustained financial success. They are committed to tackling persistent challenges and better directing resources towards improving the lives for some of the world’s most vulnerable people. Their investments have had a significantly social, environmental and development impact across Sub-Saharan Africa.TLG Africa Limited is a permanent capital investment vehicle focusing on equity opportunities in Sub-Saharan Africa (SSA). TLG Africa invests in sectors underpinned by the ‘rise of the African consumer’, such as: healthcare, finance, consumer goods and real estate. These investments include direct minority/majority stake investments, secondary opportunities and distressed fund restructurings. TLG Africa always seeks board representation, along with other minority protections. Notable investments include WHO pre-approved pharmaceutical plant QCIL (Uganda) and healthcare facilities in West Africa. In recognition for their efforts, their deals have won multiple awards including ‘Landmark Deal of the Decade’ in 2012 and 'Frontier Deal of the Year' in 2014 from Private Equity Africa.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Private Equity, Venture - Series Unknown
  • Geography: Nigeria, United Kingdom, Uganda

Investor stats

  • Total investments: 30
  • Round size: Debt Financing $3M–$15M; Private Equity $25M–$600M; Venture - Series Unknown $5M–$12M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: Likely still investing — raised $25M in 2022

Portfolio highlights

  • NMB Bank — NMB Bank is dedicated to providing premium financial services to all existing and potential customers. Since 1993, we have offered supreme corporate, retail and investment banking solutions.
  • Drive45 — Drive45 is a company that specializes in mobility solutions, notably for people who need help with transportation due to age, disability, injury, or other mobility issues.
  • VivaJets — Fly private across Africa and beyond with VivaJets. Book a private jet charter, manage or buy an aircraft, or explore fractional ownership with a team built around safety, comfort and efficiency.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Rwanda startups

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 267
  • Round size: Seed $500k–$6M; Pre-Seed $200k–$2.5M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Rilla — Demonstrating 90% reduction in cost-to-serve for live-streaming, Rilla is rewiring the content economy, directing the value generated back to creators and their communities.By leveraging audience bandwidth and rewarding them with ownership in the network, the savings are equivalent to a free month subscription every year for a moderate level ofviewership.Founded by the technical founders behind Altered State Machine, acquired for 214m. Together for 5+ ventures, collectively raising 130m+ and valued at 1b+.
  • Osmo — Osmo is a payment company that helps people to send and receive money immediately.
  • Uniblock — Uniblock helps connect developers with Web3 using our APIs and services. Our developers use Uniblock because of how easy it is to integrate into exciting applications. Try it for free today!
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Team Ignite Ventures
VC Fund · California City, California, United States · 1 investments in Rwanda startups, 19 in the past 12 months

We're experienced operators helping to ignite and scale startups

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 297
  • Round size: Seed $1M–$6.3M; Pre-Seed $300k–$1.5M; Series A $17M–$25M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $760k in 2024

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 — AI for the trades that follows through: one number for customer calls and texts, connected to organized jobs, proposals, rebates, permits, and warranties.
  • Herd Security — Herd trains your people on the attacks actually reaching them, coaches the ones who need it, and reports how their risk level moved across the quarter. It runs inside Slack and Teams, built from your own policies.
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Techstars Ventures
VC Fund · Boulder, Colorado, United States · 1 investments in Rwanda startups

Techstars finds and funds ambitious founders through leading vertical and city accelerator programs.

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Investment focus

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

Investor stats

  • Total investments: 323
  • Round size: Seed $650k–$4.6M; Pre-Seed $500k–$2.4M; Series A $2M–$13M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Ampaire — Ampaire is making flying more accessible to more people from more airports by developing electric aircraft that are safe, clean, quiet, and less costly.
  • Funnel — Our revolutionary CRM property management software saves both time and money for agents and owners while making leasing more efficient.
  • Researchly — Researchly allows users to research any topic online and work alongside AI agents to help get the work done. Write research drafts collaboratively, using any AI model, chat with ideas and discussions, use MCPs and skills, integration with company research agents, and more.
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Pearl Capital Partners
VC Fund · Kampala, Kampala, Uganda · 1 investments in Rwanda 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 ambitious management 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 — Kamp Feed is a food producer of nutritional animal feeds that specializes in pelleted animal feeds.
  • 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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DeveloPPP Ventures
VC Fund · Eschborn, Hessen, Germany · 1 investments in Rwanda startups

DeveloPPP Ventures provides financial services to young companies, whose business model improves living conditions in a developing country.

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Investment focus

  • Industry: Finance, Medical, Software
  • Stage:Seed, Grant
  • Geography: Ghana, Rwanda

Investor stats

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

Portfolio highlights

  • Kayko — Powering Growth for African Businesses
  • Dawa Mkononi — Dawa Mkononi (DM) is a registered company that mainly focuses on innovations to improve pharmaceutical supply chain. The app is run by DM Pharmacy located at Kariakoo in Dar es Salaam. The app currently serves for wholesale business only to pharmacies, ADDOs, and health facilities such as Hospitals and Clinics.
  • Revna Biosciences — Revna Biosciences is a company that focuses on precision medicine research and diagnostics. The company is involved in the field of biomedical research and clinical services, with a particular emphasis on advancing precision medicine in Africa. Revna Biosciences is also known for its work in the area of cancer research. The company offers a rangeof products and services related to medical research and applied life sciences. It has received approval from the Food and Drug Administration for its work, highlighting its commitment to adhering to regulatory standards and guidelines.
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Blue Haven Initiative
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Rwanda startups

Blue Haven Initiative is an innovative family office dedicated to putting wealth to work for market returns and positive social and environmental change.

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Investment focus

  • Industry: Financial Services, Solar, Finance
  • Stage:Series A, Series B, Seed
  • Geography: Kenya, United States, Ghana

Investor stats

  • Total investments: 24
  • Round size: Series A $2M–$11M; Series B $12M–$22M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • M-KOPA — M-KOPA provides connected asset financing solutions for underbanked customers. Its platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services, and more.
  • TIBU Health — TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.
  • BlueMark — BlueMark is the leading provider of impact intelligence and independent verification for the sustainable and impact investing market.
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Right Side Capital Management
VC Fund · San Francisco, California, United States · 1 investments in Rwanda startups

Systematic Pre-Seed Startup Capital

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Convertible Note, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 2081
  • Round size: Seed $50k–$1.7M; Pre-Seed $50k–$450k; Convertible Note $50k–$400k
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fresh fund, raised $55M in 2025

Portfolio highlights

  • tbh — tbh is a developer of a mobile application designed to provide anonymous feedback to friends. The company's mobile application facilitates asking or answering questions, open text fields and invite abuse when combined with anonymity, enabling users to say things without repercussions and feel better about themselves from the positive feedbackon social networks.
  • Athel AI — Athel AI provides an AI-powered clinical intake platform for physicians and healthcare teams. Its tools conduct patient interviews through voice, chat, and video, capture clinical histories, and generate structured summaries for physicians. The platform also supports AI-assisted reception, dictation, multilingual interviews, and automated clinical workflows. Athel AI provides clinical decision support while keeping diagnosis and treatment decisions under the physician's authority.
  • Vidrovr — Vidrovr develops multimodal computer vision and machine learning systems to index, tag, and understand video. It processes videos with specific domain constraints, such as in sports, government, and media verticals. Its technology enables its users to search an indexed video corpus and retrieve content inside videos and link it to other media likephotos and text.The company Integrates social media to enable direct interactions between multimedia content. Vidrovr was founded in 2016 and is headquartered in New York.
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Resilience17
VC Fund · 1 investments in Rwanda startups

Resilience17 is an Investment firm.

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Investment focus

  • Industry: Sports, Finance, Outdoors
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Ghana

Investor stats

  • Total investments: 49
  • Round size: Seed $1.2M–$12M; Pre-Seed $100k–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Glouse — Glouse is an online application that provides groceries at the lowest prices with the same day deliveries.
  • Klasha — At Klasha, we're simplifying borderless payments for commerce in Africa. We help merchants worldwide sell online to Africa and receive payments in local African currencies while enjoying super fast last-mile delivery to customers across the continent.
  • Terra Industries — Terra Industries develops autonomous security systems and software platforms that support the monitoring and protection of physical assets, infrastructure, and operational environments across land, air, and maritime domains. The company provides unmanned vehicles, autonomous towers, and sensor-based surveillance hardware that collect and transmitdata for continuous situational awareness. Its software layer, built around an integrated operating system, processes sensor inputs, applies artificial intelligence models, and coordinates automated responses to detected events. Terra Industries designs its systems to support functions such as perimeter security, infrastructure monitoring, asset tracking, and threat detection within complex operational settings. The company’s platforms enable operators to manage multiple autonomous devices through a unified interface that supports mission planning, data visualization, and system control. Its technology is used by organizations that require coordinated security, monitoring, and response capabilities for facilities, remote sites, and distributed operations.
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NISK Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Rwanda startups

NISK Capital is a boutique investment banking and advisory firm providing end-to-end services to Small and Medium sized Enterprises (SMEs) across the East African Community (EAC). The company is committed to supporting progress in the East African region. NISK Capital recognizes that the increasing convergence of global markets, local people andregional economies is the fundamental driver of global security and social improvement.

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Investment focus

  • Industry: Financial Services
  • Stage:Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • BeneFactors — BeneFactors Ltd. is a Rwandan factoring company, providing tailored working capital solutions to firms. Factoring is a financial service, where future payments from your buyers are sold to a third party, the factor for cash. They can work with pending invoices or purchase orders for delivery. This means that you can continue working even if yourbuyers take a long time to pay or take on more clients at the same time - allowing you peace of mind as you grow your business.
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Burrow Capital
VC Fund · 1 investments in Rwanda startups

Burrow Capital is a family office founded by Shaun & Mike Burrow. Investing in both public and private technology and SaaS (Software as a Service) companies.

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Investment focus

  • Industry: Finance, Software, Financial Services
  • Stage:Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • Kayko — Powering Growth for African Businesses
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Imbuto Foundation
VC Fund · Kicukiro, Kigali, Rwanda · 1 investments in Rwanda startups

Imbuto Foundation Mission is to support the development of a healthy, educated and prosperous society.

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Investment focus

  • Industry: EdTech, Education
  • Stage:Pre-Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • Rango Library — The Rango Library, which fights teen pregnancies by educating young people in the district about sexual and reproductive health, won this year's iAccelerator as the best start-up.
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Hustle Fund
VC Fund · San Carlos, California, United States · 1 investments in Rwanda startups

Hustle Fund is a seed fund that invests in early-stage startups operating in software, business-to-business, fintech, and digital health sectors.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 544
  • Round size: Seed $750k–$6M; Pre-Seed $100k–$2.5M; Series A $4M–$25M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely actively investing — fresh fund, raised $33M in 2025

Portfolio highlights

  • BON Credit — AI powered financial assistant from Bon Credit helps uncover savings, manage finances, and make smarter money decisions with AI. Start saving smarter today!
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
  • Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience
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Eight Capital
VC Fund · Mumbai, Maharashtra, India · 1 investments in Rwanda startups

At Eight Capital, we leverage Y Combinator heritage to support tech startups through innovative funding strategies, deep market insights, and a global network, propelling them to success

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed, Post-IPO Equity
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 94
  • Round size: Seed $500k–$5M; Pre-Seed $500k–$500k; Post-IPO Equity $5.5M–$132M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Martin — Martin manages your calendar, inbox, SMS, phone calls, WhatApp, Slack, and more. Call, text, or email your AI assistant.
  • Crimson — Crimson is a AI productivity platform that allows litigation lawyers to answer case specific questions.
  • Bolna — Bolna offers voice AI agents that transforms business to qualify leads, boost sales, automate customer support, and streamline recruitment.
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Oikocredit International
VC Fund · Amersfoort, Utrecht, The Netherlands · 1 investments in Rwanda startups

Invest in People with Oikocredit and use your money to create change. giving people opportunity to build better lives. Invest Now

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series B, Series A
  • Geography: India, Kenya, Ghana

Investor stats

  • Total investments: 72
  • Round size: Series A $2.5M–$26M; Series B $3.6M–$24M; Debt Financing $1.1M–$33M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Prestamype — Prestamype was launched in 2017 with the aim of providing a broader access to funding to micro and small businesses, with better credit conditions. With its first product, a secured working capital loan with a real estate collateral, it has lent over USD 24 million to 750 Peruvian entrepreneurs (as of 1st of October 2021). In 2019, Prestamypelaunched its online FX platform called Cambio Seguro. In 2020, the company launched its digital factoring product. In 2021, INCA Ventures and Angel Ventures Peru (AVP), two leading funds in Peru, invested in the company.
  • East Africa Fruits — EA Fruits Farm is a business that engages in the large production and distribution of fruits and vegetables. As fruits are an essential part of a human's diet for maintenance of good health and wellbeing, the business will take part in providing the opportunity for Tanzanian citizens and other people overseas to get such fruits and motivatemore people to increase their intake of fruits whereby the company will strive to increase the supply to match the increased demand for fresh fruits and vegetables. The business envisions to be among the leading producers, distributors, and exporters of the fruits within the Country and overseas. The company is a highly profitable and viable business that expects to rise to about 5,000 USD from its current small-scaled operations, while more than 450,000 USD will be raised as a result of further expansion within a period of 2-4 years.
  • Sindhuja Microcredit — Sindhuja Microcredit is a new generation digital and rural-focused Micro Finance Institution (MFI) providing financial services to the bottom of the pyramid self-employed women entrepreneurs.
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Luxembourg Export Credit Agency
VC Fund · 1 investments in Rwanda startups

ODL is a public institution established in 1961 and governed by the law of the 04th of December 2019, that offers two different tools to accompany companies in their international development:1. support through a partial contribution to international promotion costs; 2. insurance against the risks associated with international transactions andforeign investments.

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Investment focus

  • Industry: Finance, Software, Financial Services
  • Stage:Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • Kayko — Powering Growth for African Businesses
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Everstrong Capital
VC Fund · Charlottesville, Virginia, United States · 1 investments in Rwanda startups

Everstrong Capital is an infrastructure asset management service provider company.

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Investment focus

  • Industry: Energy, Automotive, Transportation
  • Stage:Series A
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • Ampersand — Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network.
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Injini
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Rwanda startups

Injini's EdTech Accelerator and Think Tank aims to support founders of African startups with a mission to improve educational outcomes across the region.

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Investment focus

  • Industry: Education, EdTech, E-Learning
  • Stage:Grant, Seed, Pre-Seed
  • Geography: South Africa, Nigeria, Kenya

Investor stats

  • Total investments: 56
  • Round size: Seed $39k–$500k; Grant $55k–$132k; Pre-Seed $7k–$40k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Book Village — We are a NPC helping to end the reading crisis in SA using our online reading application where volunteer tutors digitally teach children how to read.
  • Buddy Learning — Explore educational resources for families with Buddy Learning in the United States. Join us today!
  • The Marking App — The Marking App provides a data-free application that automatically marks handwritten school assessments while also automating school administration.
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Bathurst Capital
VC Fund · Kicukiro, Kigali, Rwanda · 1 investments in Rwanda startups

Bathurst Capital is an investment firm.

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Investment focus

  • Industry: Wellness, Insurance, Health Care
  • Stage:Pre-Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • Eden Care Medical — Eden Care Medical is a mobile application that provides medical and health insurance as well as financial services.
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 1 investments in Rwanda startups, 12 in the past 12 months

U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest in projects that create jobs in emerging markets in sectors including energy, healthcare, critical infrastructure, telecommunications, and financing for small businesses and women entrepreneurs. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 133
  • Round size: Post-IPO Debt $18M–$468M; Debt Financing $6.7M–$390M; Venture - Series Unknown $1M–$1B
  • Lead/follow: 77% lead, 23% follow
  • Last fund: Likely still investing — raised $300M in 2024

Portfolio highlights

  • DTEK — DTEK Group is a diversified energy holding that includes six businesses and Academy DTEK, our corporate university. DTEK Group is the largest private investor in the energy sector in Ukraine, with over €12 billion in invested capital since 2005, employing 55,000 people.
  • WIOCC Group — WIOCC Group serves as a provider of interconnected, carrier-scale digital infrastructure and managed network services, operating exclusively as a wholesaler to hyperscalers, cloud operators, content providers, and telcos.
  • Global Atomic Corporation — The Dasa Uranium Project scheduled to begin production in 2026 is the highest-grade uranium project in Africa; the Turkish Zinc JV provides positive cash flow.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 1 investments in Rwanda startups

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

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Investment focus

  • Industry: Communities, Agriculture, Energy
  • Stage:Venture - Series Unknown, Seed
  • Geography: Italy, Kenya, India

Investor stats

  • Total investments: 44
  • Round size: Seed $219k–$910k
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Refolo — Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again.
  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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VestedWorld
VC Fund · Chicago, Illinois, United States · 1 investments in Rwanda startups

VestedWorld is an early-stage venture capital firm that invests in emerging markets companies that have the potential to generate competitive financial returns while contributing towards the growth and development of the markets in which they are located. The firm supports these businesses through the infusion of capital, active involvement incorporate governance, and by providing direct strategic and operational assistance.

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Investment focus

  • Industry: Agriculture, Financial Services, Farming
  • Stage:Seed, Series A, Series B
  • Geography: Nigeria, Kenya, Ghana

Investor stats

  • Total investments: 29
  • Round size: Seed $1.6M–$6.1M; Series A $2.5M–$4.4M; Series B $9M–$20M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $21M in 2022

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • Points Africa — Shop, earn & redeem Points Africa Loyalty Reward Points seamlessly at stores, restaurants, banks, fuel stations and more throughout Africa. Download the app now.
  • Jackfruit Finance — Fast, flexible school financing in Kenya. Get working capital, projects, and asset loans designed around school fee cycles and growth needs.
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DOB Equity
VC Fund · Veessen, Gelderland, The Netherlands · 1 investments in Rwanda startups

DOB Equity is a private equity firm specializing in growth capital and buy-and-build strategies in small and medium companies.

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Investment focus

  • Industry: Food and Beverage, Farming, Agriculture
  • Stage:Private Equity, Seed
  • Geography: Kenya, Uganda, Tanzania

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$3.8M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • MazaoHub — AI-first SaaS connecting soil, farmers, inputs, agronomy care, field operations, traceability and markets through real last-mile intelligence.
  • FarmWorks — FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
  • Irrisol Engineering — Irrisol Engineering is an impact-driven social enterprise dedicated to providing affordable, socially inclusive, and environmentally sustainable water supply and irrigation systems for underserved rural communities.
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Battery Road Digital Holdings
VC Fund · Mumbai, Maharashtra, India · 1 investments in Rwanda startups

Battery Road Digital Holdings is a venture capital and private equity firm that focuses on frontier and emerging markets.

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Investment focus

  • Industry: E-Commerce, Transportation, Payments
  • Stage:Seed, Series A, Series B
  • Geography: Egypt, Singapore, India

Investor stats

  • Total investments: 20
  • Round size: Seed $200k–$3M; Series A $4.4M–$10M; Series B $10M–$24M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • zypl.ai — We help financial institutions, government entities make more accurate decisions
  • AwanTunai — AwanTunai seek to reinforce Indonesian needs and productivity by providing digital loan for a better financial freedom and capability to micro-entrepreneurs
  • IMAN — IMAN is a full-stack halal finance solution for merchants, shoppers, and investors.
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Good Soil VC
VC Fund · London, England, United Kingdom · 1 investments in Rwanda startups

We are a venture capital firm that partners with founders to build global, market-defying companies. We fund diverse teams across Sub-Saharan Africa and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Ghana, United Kingdom, Rwanda

Investor stats

  • Total investments: 11
  • Round size: Seed $35k–$940k
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Livoh — Livoh is a software firm offering live streaming platform so the content can reach its target market.
  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • STEELO STYLE LTD — Join The Steelo Community
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Angaza Capital
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Rwanda startups

Venture Capital, Fund Manager, Startup Funding, Innovation

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Investment focus

  • Industry: Software, Health Care, Electronic Health Record (EHR)
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: Nigeria, Kenya, Rwanda

Investor stats

  • Total investments: 6
  • Round size: Seed $1.2M–$3M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
  • Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
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Development Bank of Rwanda
VC Fund · Kigali, Butare, Rwanda · 1 investments in Rwanda startups

Development Bank of Rwanda is a trade & development industry that provides financial services to agriculture, education, housing & exports.

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Investment focus

  • Industry: Finance, Software, Financial Services
  • Stage:Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • Kayko — Powering Growth for African Businesses
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LuxDev
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Rwanda startups

Luxembourg Development Cooperation Agency

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Investment focus

  • Industry: CRM, Finance, Software
  • Stage:Seed
  • Geography: Rwanda, Albania

Investor stats

  • Total investments: 2
  • Round size: Seed $125k–$1.2M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Kayko — Powering Growth for African Businesses
  • Data4X — Data4X powered by TMS LLC is the go-to market intelligence platform for Western Balkan countries providing in-depth Macroeconomic Overview, Industry & Sectorial Insights, tailored studies for the business landscape.Data4X stands as a leading and singular platform in Kosovo, curated from an in-depth understanding of the intrinsic needs fordata and market intelligence across businesses. We are dedicated to converting complex datasets into clear insights, empowering strategic decision-making.
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Fejiro Hanu Agbodje
Angel · San Francisco, California, United States · 1 investments in Rwanda startups

Hanu is the Founder/CEO of Patricia, a User-experience expert with a deep understanding of user-centered designs (USD) and strong skills for conducting user research and surveys, and translating them into sitemaps, user flows, customer journey maps, wireframes, mockups and prototypes. He is a graduate of mathematics and statistics

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Investment focus

  • Industry: Education, Blockchain, Communities
  • Stage:Pre-Seed, Seed, Corporate Round
  • Geography: Rwanda, United States

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $1M–$2.1M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Rooomxix —
  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
  • Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.
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Acacia Venture Capital Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in Rwanda startups

Acacia is a cross border investment manager, specialising in private market investments. The team is composed of a diverse and international group that is primarily based in Shanghai.

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Investment focus

  • Industry: Software, FinTech, E-Commerce
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Mexico, Colombia

Investor stats

  • Total investments: 26
  • Round size: Seed $1.5M–$8.2M; Pre-Seed $125k–$500k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Menza — We'll share the full story soon. Thank you to every customer, investor, and friend who built this with us.
  • Modelence — Modelence runs your app in production for you: managed database, auth, backups, scaling and AI-monitored infrastructure from the first deploy. Start free.
  • Karumi — Karumi is an AI agent that joins a live video call with your prospects to deliver personalized product demos, 24/7, in any language.
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Investor funding in Rwanda at a glance

Stats across 181 deals from 149 investors.

149
investors
in Rwanda startups
181
deals
in Rwanda startups
$100k
median round
in Rwanda startups
46%
lead investors
lead at least one round
27%
Grant
most common funding stage
94/6
VC / Angel
share of investor count

Access all 149 investors in Rwanda startups.

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Angel investors in Rwanda by industry