# Top 40 Medical Device Startup Investors in Africa in June 2026

## Finnfund
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Debt Financing, Series B
- Focus: Financial Services, Energy, FinTech

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

## Futuregrowth Asset Management
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series B
- Focus: Software, Transportation, Financial Services

Futuregrowth manages the full range of fixed interest and developmental impact funds on behalf of our clients. We are committed to managing and investing our clients' funds in a responsible manner.

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Internet

We back founders building the future of Africa. We invest in companies that solve for non-consumption, plug infrastructural gaps and democratise prosperity in Africa, by eliminating the barriers for access and reducing the costs of delivering goods and services.

## Chandaria Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, Retail, FinTech

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## Newtown Partners
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Logistics, Health Care, Pharmaceutical

Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.

## FINCA Ventures
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- Stages: Seed, Grant, Series A
- Focus: Financial Services, Agriculture, AgTech

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

## DOB Equity
- Type: VC Fund
- Location: Veessen, Gelderland, The Netherlands
- Relevant deals: 2
- Stages: Private Equity, Seed
- Focus: Food and Beverage, Farming, Agriculture

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

## Bose Ventures
- Type: VC Fund
- Location: Framingham, Massachusetts, United States
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Software, Music, Mobile

Bose Ventures is looking for startups that are pushing the envelope of AR to help build some of these new experiences. They are investing in startups that are developing apps, services, and technology that leverage and extend the Bose AR platform. If you are one of these innovative startups

## HAVAÍC
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Health Care, FinTech

HAVAÍC is an investment and advisory firm that specialises in early-stage, high-growth African businesses with proven concepts and global prospects, offering investment opportunities to sophisticated investors and international venture capital companies with an interest in Africa. As a complementary offering, HAVAÍC provides corporate advisory andcapital raising services to emerging, internationally scalable businesses.

## UBS Optimus Foundation
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Education, Health Care, Medical Device

UBS Optimus Foundation is a non profit organisation it deliver breakthrough solutions to pressing social and environmental issues.

## 54 Collective
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Health Care, Information Technology, FinTech

Building and scaling African tech startups with catalytic capital, value-add support and our global network.

## Soros Economic Development Fund
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Series A, Series C
- Focus: Health Care, Manufacturing, AgTech

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## Grand Challenges Canada
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 1
- Stages: Grant, Seed, Debt Financing
- Focus: Health Care, Medical Device, Biotechnology

Learn how we find, fund and support high-impact innovations

## Technology Innovation Agency
- Type: VC Fund
- Location: Pretoria, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Grant, Seed, Pre-Seed
- Focus: Information Technology, Software, Health Care

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## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

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

## Aruwa Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Retail, FinTech, Big Data

Aruwa Capital Management is a Lagos-based, female-founded and led growth equity impact fund.

## Sphere Holdings
- Type: VC Fund
- Location: Sandston, Virginia, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Software, Web Apps, Health Care

Founded in 2003, Sphere is a high performing investment holding company driven to create value for funders, shareholders and business partners. With a solid track record shaped over a decade, They actively seek out investment partnerships with high quality privately owned businesses across a range of strategic sectors.Their success is drivenby an experienced team, Their own capital, a disciplined investment process, and broad business networks. Passionate about partnerships, They commit for the long term and actively work with Their portfolio companies to build great businesses.Majority black controlled and managed and boasting 71% black ownership, including 31% women ownership, Sphere has the necessary credentials to advance the broad based Black Economic Empowerment goals of South African businesses. As the focus turns to the rest of the continent, They actively support Their investments in their pan-African ambitions.Their strong belief in the principles of broad based empowerment means that approximately 15% of the shares in Sphere are held by charitable organisations. Over the years, more than five million worthy beneficiaries in nine provinces across South Africa have benefited from Their track record of delivery.

## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, FinTech

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

## Black Pearl Investments
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Health Care, Medical Device

Boutique capital advisory, finance and investment brokerage firm in the U.S. focused in alternative investments, primarily commercial real estate, technology and corporate enterprises.  The firm now has a loss mitigation program for restructuring struggling corporate businesses and property ownerships during the COVID-19 pandemic.  A CCIM Designated Member Firm.

## Five35 Ventures
- Type: VC Fund
- Location: Gauteng, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Wellness, Health Care

Five35 Ventures is committed to unlocking capital and growth opportunities for female-focused early-stage African technology startups.

## Perivoli Innovations
- Type: VC Fund
- Location: St. Helier, NA - Jersey, Jersey
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Health Care, Biotechnology, Medical

Perivoli Innovations is a venture investment Trust established in 2016 by the Perivoli Trust. It donates profits to the Perivoli Foundation, a UK Charity, whose principal focus is Africa.

## Bill & Melinda Gates Foundation
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Grant, Series A, Seed
- Focus: Biotechnology, Health Care, Medical

We are a nonprofit fighting poverty, disease, and inequity around the world

## Shaka Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- Stages: Seed, Private Equity
- Focus: Mobile, Banking, Payments

Shaka is a pan African venture capital firm based in Nairobi and Nigeria.

## SAB Foundation
- Type: VC Fund
- Location: Gauteng, NA - South Africa, South Africa
- Relevant deals: 1
- Focus: Health Care, Manufacturing, Medical Device

The SAB Foundation invests in entrepreneurs and social innovation. Its priority focus in on businesses and innovations that benefit women and youth, people in rural areas and people living with a disability.

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, FinTech

Seed capital for technology startups globally.

## AAIC Investment
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Health Care, Medical, E-Commerce

We will continue to invest and support the growth of innovative companies towards sustainable economic growth and solving social issues.

## AfricInvest
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: Financial Services, Manufacturing, FinTech

AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia.Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on North Africa and Sub-Saharan Africa, and employs 66 professionals based inseven offices.AfricInvest manages USD1 billion across 16 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe.Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region.Since 1994, AfricInvest has invested in 135 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

## Selma Ribica
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Payments, Apps, Retail

Selma Ribica is the Co-Founder & Managing Partner of First Circle Capital. She previously worked at Abler Nordic as a Board Member. Selma Ribica attended the University of New York in Prague.

## U.S. International Development Finance Corp
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Financial Services, Finance, Banking

U.S. International Development Finance Corp is America’s development bank.

## Aadil Mamujee
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: SaaS, Software, FinTech

Aadil has spent the last decade working in technology in Europe and USA. He was most recently VP of Product Management at Pocket Gems, a mobile entertainment company, where he was one of the founding employees and first product manager. He helped grow the company profitably to 200+ staff and 200M users. Previously Aadil worked in the early-stageinvestment team at Index Ventures and at Google in London. Aadil has a MEng from Cambridge University and an MBA from Harvard Business School. Aadil was born and raised in Mombasa, Kenya.

## Philips Foundation Impact Investments
- Type: VC Fund
- Location: Nieuw-amsterdam, Drenthe, The Netherlands
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Health Care, Medical Device

Philips Foundation partners with mission-driven ventures that strengthen healthcare systems in underserved communities.

## TLcom Capital Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Mobile, Information Technology

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds.
TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge.
We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

## Shakir Merali
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Series C
- Focus: Credit, FinTech, Lending

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## Global Ventures
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Health Care, FinTech, Financial Services

We back global-minded, growth-stage and technology-focused founders in emerging markets and the world.

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

## Greentree Investment Comany
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Financial Services, Internet, Logistics

Greentree Investment Comany is an investment firm.

## Alphamundi
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 1
- Stages: Debt Financing, Series A, Series B
- Focus: Agriculture, Renewable Energy, Financial Services

AlphaMundi Group Ltd is a commercial entity based in Switzerland and exclusively dedicated to Impact Investing: profitable investments that generate substantial net benefits to society.  It was founded in 2007 by a group of partners with extensive experience in the financial industry as well as responsible investments, microfinance andphilanthropy.AlphaMundi provides debt and equity financing to scalable social ventures in strategic sustainable human development sectors such as microfinance, affordable education, fair trade agriculture and renewable energy.  AlphaMundi is currently investing out of its impact debt fund, SocialAlpha Investment Fund (SAIF) - Bastion, domiciled in Luxembourg.  AlphaMundi also manages co-investments for SAIF-Bastion investors and third parties.​AlphaMundi partners believe that Impact Investing is a new tool for development that can enhance more classical responsible investment approaches  (which often lack impact ​measurability) and complement charitable solutions (which often lack financial viability). To this extent, the firm also contributes to the emergence of Impact Investing through education events, publications and industry associations. Impact investments are now being integrated by leading US and European banks, pension funds, foundations and family offices into traditional investment portfolios, as primarily decorrelated, illiquid and profitable financial assets.

## Verge HealthTech Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Medical Device, Medical

We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging Asia​We believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where we can help.

## Angaza Capital
- Type: VC Fund
- Location: Abu Dhabi, Abu Dhabi, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series B, Venture - Series Unknown
- Focus: Software, Health Care, Electronic Health Record (EHR)

Angaza Capital is an investment firm that provides funding for ecosystem creation and project developments.

## The ASISA ESD Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series B, Series A
- Focus: FinTech, Internet, InsurTech

An Invetsment Fund.

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