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Top 10 Marketplace Startup Investors in Zambia (October 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, Debt Financing or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Inoks Capital
VC Fund
2 Zambia Series A Marketplace, Financial Services $8.3M–$11M
KFW DEG
VC Fund
2 India, Kenya, United States Debt Financing, Grant, Post-IPO Debt Financial Services, Energy, FinTech $100k–$820M
Alitheia IDF
VC Fund
2 Nigeria, South Africa, Ghana Venture - Series Unknown, Series A, Seed E-Commerce, Retail, Logistics $2.8M–$13M
Enygma Ventures
VC Fund
1 South Africa, Zambia, Swaziland Seed, Venture - Series Unknown, Pre-Seed Financial Services, Lending, Beauty $150k–$1M
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
eVentures Africa Fund
VC Fund
1 Zambia, Lithuania Seed, Venture - Series Unknown Mobile, Shipping, Shopping
Amano Capital
VC Fund
1 Zambia, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Software, Logistics, Agriculture
Launch Africa
VC Fund
1 Nigeria, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Information Technology $200k–$4M
AgDevCo
VC Fund
1 Zambia, Kenya, Ethiopia Debt Financing, Venture - Series Unknown Farming, Agriculture, AgTech $1.1M–$10M
Growth Investment Partners
VC Fund
1 Ghana, Zambia Debt Financing, Private Equity Mining, Farming, Mineral
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Inoks Capital
VC Fund · Geneva, Geneve, Switzerland · 2 investments in Zambia Marketplace startups

We are an independent, alternative asset manager, authorized by FINMA and headquartered in Geneva (Switzerland).

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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.
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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, Post-IPO Debt
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 127
  • Round size: Grant $100k–$1.1M; Post-IPO Debt $12M–$820M; Debt Financing $15M–$350M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • 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.
  • MSU Green Energy — MSU Green Energy is a solar investment company that develops renewable energy and solar projects.
  • Banco de Occidente, S.A. — Banco de Occidente is the fifth largest bank in Colombia by asset level and portfolio at June 30, 2016. It has national coverage and a portfolio of integrated products and services, offered through a network of 241 offices and 336 ATMs 9,671 banking correspondents and other features.
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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 helps governments, regulators and enterprises redesign, digitise and operate trust-critical processes with consulting, proven technology and global delivery.
  • Alma Clinics — ALMA CLINICS Primary Healthcare with Advanced Blockchain, AI technology. BEST Clinic providing affordable healthcare, Soweto, Johannesburg, South Africa.
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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, Venture - Series Unknown, Pre-Seed
  • Geography: South Africa, Zambia, Swaziland

Investor stats

  • Total investments: 14
  • Round size: Seed $150k–$1M; Venture - Series Unknown $230k–$457k
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • Pranary — We help organisations across Africa deploy AI in real workflows through internal tools, AI agents and staff enablement.
  • 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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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 1 investments in Zambia Marketplace 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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eVentures Africa Fund
VC Fund · Bussum, Noord-Holland, The Netherlands · 1 investments in Zambia Marketplace startups

eVA Fund is dedicated to mobilize capital and experience in the Netherlands and Europe to invest in small- and medium-sized African internet-related companies. The company is focused on the development in terms of capital and business development support such as knowledge, experience, access to proven business concepts and applications, and network. eVA Fund was founded in 2010 and is based in Amsterdam, the Netherlands.

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Investment focus

  • Industry: Mobile, Shipping, Shopping
  • Stage:Seed, Venture - Series Unknown
  • Geography: Zambia, Lithuania

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MoboFree — Launched in 2011, MoboFree has become one of the largest mobile social and trusted classifieds platforms in West Africa with three-million registered users generating an average of 65-million page impressions each month. According to Opera State of The Mobile Web, MoboFree is in the top ten sites in Nigeria and Malawi, and in the top five inZimbabwe.
  • Dot Com Zambia — Leading technology company in electronic tolling, payment infrastructure, and innovative solutions powering Zambia's connected economy.
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Amano Capital
VC Fund · Lusaka, NA - Zambia, Zambia · 1 investments in Zambia Marketplace startups

Amano Capital is Zambia's top ranked advisory-brokerage and Venture Capital fund regulated by the Securities Exchange Commission of Zambia, boosting SME investment participation by connecting opportunities with capital.

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Investment focus

  • Industry: Software, Logistics, Agriculture
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Zambia, South Africa, United States

Investor stats

  • Total investments: 12
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • EduPay — Smarter ways to pay for education
  • Explorer School — Explorer School is an online primary and secondary school that offers educational programs.
  • Likota Furniture — Proudly Zambian business specialized in handcrafted, sustainable furniture.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Zambia Marketplace startups, 6 in the past 12 months

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 218
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M; Venture - Series Unknown $200k–$500k
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Zazu — Manza is an all-in-one financial platform for African SMEs, helping businesses manage payments, automate cash flow, and access real-time financial insights from one simple dashboard.
  • Fincart — Fincart is a leading shipping platform in Egypt, connecting your business with top courier services, automating operations, and helping you scale your eCommerce logistics.
  • Udu Technologies — Explore GPU cloud and hardware through AGH Cloud, UduTech's flagship product, and AI advisory for teams in the United States, Africa, the Caribbean and beyond.
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AgDevCo
VC Fund · London, England, United Kingdom · 1 investments in Zambia Marketplace startups

We are a specialist investor in African agribusinesses.

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Investment focus

  • Industry: Farming, Agriculture, AgTech
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Zambia, Kenya, Ethiopia

Investor stats

  • Total investments: 20
  • Round size: Debt Financing $2M–$10M; Venture - Series Unknown $1.1M–$3M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • Victory Farms — Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.
  • Planting Naturals — Planting Naturals is a group of companies focused to the long-term production of organic products. Planting Naturals was founded by Kevin Godlington.
  • Hybrid Poultry Farm — Welcome to our Hybrid Poultry Farm. We breed high quality, robust and pre-vaccinated day old chicks making us Zambia's number one chick supplier. Talk to us.
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Growth Investment Partners
VC Fund · Accra, Greater Accra, Ghana · 1 investments in Zambia Marketplace startups

Welcome to Growth Investment Partners - A custom built investment model that meets the needs of the growing entrepreneur.

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Investment focus

  • Industry: Mining, Farming, Mineral
  • Stage:Debt Financing, Private Equity
  • Geography: Ghana, Zambia

Investor stats

  • Total investments: 6
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Springs & Bolts — SBLC manufactures U – Bolts, Leaf Springs, Trailer Suspensions & exports to the West Africa n Sub-Region and also sells on the Ghana market.
  • Boxpack Zambia — Boxpack Zambia specialists in manufacturing Corrugated boxes.
  • Altus Financial Services — Altus Financial Services operates as a non-bank microfinance institution focused on providing short- to medium-term financing solutions to underserved segments. Its core business model utilizes customized credit evaluation structures, such as a payroll-deduction system, to disperse capital to public sector workers, small business owners, andmicro-entrepreneurs. The value proposition centers on expanding financial inclusion by delivering rapid loan approvals and flexible terms that accommodate clients who do not fit traditional bank appraisal checklists. This structured underwriting enables capital allocation across diverse sectors including farming, retail, construction, and manufacturing.
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Marketplace Investor funding in Zambia at a glance

Stats across 29 deals from 24 investors.

24
investors
in Zambia Marketplace startups
29
deals
in Zambia Marketplace startups
$3M
median round
in Zambia Marketplace startups
58%
lead investors
lead at least one round
34%
Non-equity Assistance
most common funding stage
100/0
VC / Angel
share of investor count

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