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Top 5 Marketplace Startup Investors in Zambia (August 2026)

The most active venture capital funds and angel investors investing in Zambia Marketplace startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Zambia Marketplace startup companies. Find investors to raise a Seed, Series A or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
KFW DEG
VC Fund
2 India, Kenya, United States Debt Financing, Grant, Private Equity Financial Services, Energy, FinTech $100k–$350M
Alitheia IDF
VC Fund
2 Nigeria, South Africa, Ghana Venture - Series Unknown, Series A, Seed E-Commerce, Retail, Logistics $2.8M–$13M
Inoks Capital
VC Fund
2 Zambia Series A Marketplace, Financial Services $8.3M–$11M
Enygma Ventures
VC Fund
1 South Africa, Zambia, Swaziland Seed, Pre-Seed Financial Services, Lending, Beauty $150k–$1M
AgDevCo
VC Fund
1 Kenya, Ethiopia, Mauritius Debt Financing, Venture - Series Unknown Farming, Agriculture, AgTech $15k–$10M
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Investor list

KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Zambia Marketplace startups

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Grant, Private Equity
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 124
  • Round size: Grant $100k–$1.1M; Debt Financing $10M–$350M; Private Equity $11M–$274M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Fibra Nova — Fibra Nova is a real estate investment trust that specializes in the acquisition, management, and development of properties for leasing.
  • Combio Energia — ComBio Energia Provide energy generation solutions with renewable sources, creating, growing, and long-term economic value. They develop projects for steam generation and cogeneration of electricity with biomass, which promote environmental improvements and significant cost reductions for customers in the industrial segment. They offer, based on adetailed analysis of the needs of each customer, a dedicated energy solution, adapted to their consumption profile.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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Alitheia IDF
VC Fund · Moka, Moka, Mauritius · 2 investments in Zambia Marketplace startups

Alitheia IDF is investing in dynamic and growing businesses throughout Africa. By investing in teams that recognize the importance of gender diversity the firm generates superior financial returns and impact.

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Investment focus

  • Industry: E-Commerce, Retail, Logistics
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Nigeria, South Africa, Ghana

Investor stats

  • Total investments: 12
  • Round size: Seed $2.8M–$13M; Series A $3M–$11M; Venture - Series Unknown $4.5M–$5M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • Lupiya — Lupiya is a financial technology company that provides digital lending services designed to help individuals and small businesses access short-term credit and installment financing. The platform offers mobile-accessible loans that can be used for expenses such as personal needs, business cash flow, or emergency payments, using an online applicationprocess that evaluates creditworthiness through alternative data and behavioral indicators. Lupiya’s services include flexible repayment schedules, automated disbursement, and electronic account management so users can monitor balances and repayment activity within the app or web interface. The company also offers tools for budgeting and payment reminders to support borrowers in managing their credit obligations. Through integrations with local payment networks and banking partners, Lupiya facilitates secure fund transfers and compliance with financial regulations. Its lending infrastructure is tailored to expand access to credit for underserved populations and small enterprises that may have limited access to traditional banking services.
  • Seamfix — Seamfix’s end-to-end electronic ID and credentials software solutions address the lack of digital ID systems for 30+ African countries and over 250M individuals, providing access to credit, banking, and other essential services for large parts of populations.
  • Alma Clinics — ALMA CLINICS Primary Healthcare with Advanced Blockchain, AI technology. BEST Clinic providing affordable healthcare, Soweto, Johannesburg, South Africa.
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Inoks Capital
VC Fund · Geneva, Geneve, Switzerland · 2 investments in Zambia Marketplace startups

INOKS Capital is a FINMA regulated asset manager and one of the most experienced players in providing Impactful and Sustainable Alternative Credit

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Investment focus

  • Industry: Marketplace, Financial Services
  • Stage:Series A
  • Geography: Zambia

Investor stats

  • Total investments: 2
  • Round size: Series A $8.3M–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lupiya — Lupiya is a financial technology company that provides digital lending services designed to help individuals and small businesses access short-term credit and installment financing. The platform offers mobile-accessible loans that can be used for expenses such as personal needs, business cash flow, or emergency payments, using an online applicationprocess that evaluates creditworthiness through alternative data and behavioral indicators. Lupiya’s services include flexible repayment schedules, automated disbursement, and electronic account management so users can monitor balances and repayment activity within the app or web interface. The company also offers tools for budgeting and payment reminders to support borrowers in managing their credit obligations. Through integrations with local payment networks and banking partners, Lupiya facilitates secure fund transfers and compliance with financial regulations. Its lending infrastructure is tailored to expand access to credit for underserved populations and small enterprises that may have limited access to traditional banking services.
Show all investments...

Enygma Ventures
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Zambia Marketplace startups

Enygma Ventures is an investment fund for female entrepreneurs and women founders, focused on Southern Africa or SADC. Unlike traditional private equity, venture capital, and banks our team is full of award winning entrepreneurs who understand the same struggles you face first hand.

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Investment focus

  • Industry: Financial Services, Lending, Beauty
  • Stage:Seed, Pre-Seed
  • Geography: South Africa, Zambia, Swaziland

Investor stats

  • Total investments: 13
  • Round size: Seed $150k–$1M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • Pranary — The practical business school for entrepreneurs
  • The Good Mineral — The Good Mineral is award-winning, vegan makeup designed for acne prone, sensitive skin - enjoy natural glowing lightweight coverage - free from preservatives, fragrance, talc, oils, waxes and dyes.
  • PremierCredit Zambia — PremierCredit is an international financial technology company that operates an online microlending and investment platform in Sub-Saharan Africa's emerging markets. The Financial Services Commission (FSC) has licensed and regulated the company, allowing them to provide inclusive financial services throughout Africa.
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AgDevCo
VC Fund · London, England, United Kingdom · 1 investments in Zambia Marketplace 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: Kenya, Ethiopia, Mauritius

Investor stats

  • Total investments: 15
  • Round size: Debt Financing $15k–$10M
  • Lead/follow: 87% lead, 13% follow

Portfolio highlights

  • EthioChicken — EthioChicken is a poultry producing companies in East Africa in which the operative companies are AGP Poultry PLC (AGP), Mekelle Farms Ltd (MKF) and Andasa Poultry PLC.
  • 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.
  • Dekel Agri-Vision — Dekel Agri-Vision which is engaged in developing and cultivating palm oil plantations in Cote d'lvoire.
Show all investments...

Marketplace Investor funding in Zambia at a glance

Stats across 21 deals from 18 investors.

18
investors
in Zambia Marketplace startups
21
deals
in Zambia Marketplace startups
$6.7M
median round
in Zambia Marketplace startups
67%
lead investors
lead at least one round
24%
Non-equity Assistance
most common funding stage
100/0
VC / Angel
share of investor count

Access all 18 investors in Zambia Marketplace startups.

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