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Top 35 Retail Angel Investors in Africa (October 2026)

The most active angel investors investing in Africa Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa Retail startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Michael Lahyani
Angel
2 Egypt, Morocco, Colombia Seed, Series A, Series B B2B, SaaS, Beauty $5M–$42M
Varsha Rao
Angel
2 United States, India, France Seed, Series A, Pre-Seed Health Care, Artificial Intelligence, Software $400k–$46M
Vinny Lingham
Angel
2 United States, South Africa, United Kingdom Seed, Angel Blockchain, Cryptocurrency, Internet $125k–$5.6M
Leonard Stiegeler
Angel
1 Nigeria, South Africa, United States Seed, Angel, Pre-Seed FinTech, Financial Services, B2B $1.3M–$6M
Camilla Hagen Sørli
Angel
1 Kenya Seed Beauty, Retail, Consumer
Victor Asemota
Angel
1 Kenya, United States Pre-Seed Credit, Retail, Banking $1M–$1M
Peter anker
Angel
1 Kenya Seed Beauty, Retail, Consumer
Daniel Funk
Angel
1 South Africa Seed Retail, Fashion
Patricia Ithau
Angel
1 Kenya Seed, Pre-Seed Beauty, Retail, Fashion
Kenneth Ntende
Angel
1 South Africa Seed Apps, Retail, Software
Michael Jordaan
Angel
1 South Africa, Mauritius, The Netherlands Seed, Venture - Series Unknown, Series A Software, Information Technology, Education $1.2M–$1.5M
Matt Sutton
Angel
1 Kenya, Singapore, United States Seed Retail, eSports, Software
Trond Riiber Knudsen
Angel
1 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
Tushar Ahluwalia
Angel
1 Germany, Mexico, South Africa Seed, Pre-Seed, Angel Retail, InsurTech, Insurance $3.4M–$50M
Vikram Chopra
Angel
1 India, South Africa Seed, Series B Internet, Retail, Fashion $1.3M–$9.5M
Michael Novogratz
Angel
1 United States, India, Germany Seed, Series A, Series B Blockchain, Cryptocurrency, FinTech $1.1M–$150M
Atlas Benjelloun
Angel
1 United States, Morocco, United Kingdom Series A, Seed, Series C Software, Information Technology, FinTech $3M–$118M
Hamza Abu hassan Ibn Faycal AlMALIKI
Angel
1 Morocco Series A B2B, Retail, Software
O.D. Kobo
Angel
1 China, United States, Israel Seed, Series A, Series B Internet, Social Media, Information Technology $250k–$32M
Oliver Merkel
Angel
1 Germany, South Africa, United States Seed, Angel, Pre-Seed Retail, Fashion, Banking $6M–$9.8M
Baljinder Sharma
Angel
1 Nigeria, Kenya, South Africa Pre-Seed, Seed, Venture - Series Unknown E-Commerce, Retail, Payments $200k–$1M
Ashley Thompson- MacCarthy
Angel
1 Ghana Series A Mobile, Retail, FinTech
Adebowale Martins
Angel
1 Nigeria Pre-Seed Retail, Software, E-Commerce
Kwehnui Tawah
Angel
1 Kenya Seed Beauty, Retail, Consumer
Polo Leteka
Angel
1 South Africa, Zambia Seed, Series A, Series B Retail, FinTech, Lending $8.3M–$11M
Jiao Limin
Angel
1 Nigeria Pre-Seed Retail, E-Commerce, Food and Beverage
Kiprono Elvis Terigin
Angel
1 Kenya Seed Beauty, Retail, Consumer
Andrea Iannelli
Angel
1 Kenya Seed Beauty, Retail, Consumer
Khalid Zitouni
Angel
1 France, United States, Morocco Seed, Pre-Seed, Venture - Series Unknown Software, E-Commerce, Artificial Intelligence $1M–$11M
Frank Mutebi Ssajjabi
Angel
1 Uganda Series A Retail, Agriculture, Food Processing
Jean-Paul Zammitt
Angel
1 South Africa Seed Retail, Fashion
Matt Kalish
Angel
1 United States, Kenya Seed, Angel, Series A Gaming, Web3, Retail $1.5M–$5M
Llew Claasen
Angel
1 Egypt, Kenya, Nigeria Seed, Series A, Corporate Round Logistics, Transportation, Retail $2.3M–$5.5M
Youcef Oudjidane
Angel
1 United States, Nigeria, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, Payments $120k–$23M
Mato Perić
Angel
1 Germany, India, United Kingdom Seed, Series A, Pre-Seed Financial Services, FinTech, E-Commerce $2M–$100M
Access all 35 angel investors in Africa Retail startups.

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

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Investor list

Michael Lahyani
Angel · Dubai, Dubai, United Arab Emirates · 2 investments in Africa Retail startups

Michael Lahyani is based out of Dubai, Dubai, and is the CEO and Founder of Property Finder. Michael Lahyani attended HEC Lausanne.

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Investment focus

  • Industry: B2B, SaaS, Beauty
  • Stage:Seed, Series A, Series B
  • Geography: Egypt, Morocco, Colombia

Investor stats

  • Total investments: 8
  • Round size: Seed $5M–$5.1M; Series B $42M–$42M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Aptuno — Aptuno - Busco apartamento o casa en arriendo
  • Fresha — Find the best salons and spa in your area with Fresha salon booking software. Book now!
  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
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Varsha Rao
Angel · San Francisco, California, United States · 2 investments in Africa Retail startups

Varsha Rao is an Executive Partner at Flare Capital Partners, former Head of Global Operations at Airbnb, CEO of Nurx and COO at Clover Health. She was the Co-Founder of Eve.com. Rao received her BS/BA in Economics/Math from the University of Pennsylvania and an MBA from Harvard Business School.She is an active angel investors withsuccessful investments in AI-Infra, Healthcare, Vertical AI, Consumer Tech and more.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, France

Investor stats

  • Total investments: 64
  • Round size: Seed $2M–$15M; Pre-Seed $400k–$3M; Series A $5M–$46M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Alex AI — Alex is the AI recruiter that puts sourcing, screening, and scheduling on autopilot. Fast-track vetting so you interview the best in days.
  • TextQL — TextQL is you personal virtual data analyst, built for enterprise and powered by AI. Ask in natural english and Ana can build insightful analysis, stunning charts, and powerful models, all with enterprise-grade security.
  • Raindrop — Trace every run. Auto-fix silent failures. Simulate before shipping.
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Vinny Lingham
Angel · San Francisco Bay Area, California, United States · 2 investments in Africa Retail startups

Vinny Lingham is the Co-Founder and CEO of Rumi.ai(Waitroom). He previously worked at YPO as a Member. Vinny Lingham attended Harvard Business School Executive Education.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Angel
  • Geography: United States, South Africa, United Kingdom

Investor stats

  • Total investments: 40
  • Round size: Seed $1.2M–$5.6M; Angel $125k–$500k
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Glif — Interoperable tools for the Filecoin network
  • Afterparty — Afterparty is a technology company behind the new Web3 platform enabling creators to directly monetize and manage NFT collector relationships
  • Shield USDT — US bank accounts built for international wholesalers and distributors. Same-day USD wires, USDT payments, escrow, and business credit cards.
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Leonard Stiegeler
Angel · Lagos, Lagos, Nigeria · 1 investments in Africa Retail startups

Leonard Stiegeler is an entrepreneur & investor in projects unlocking potential. Educated in Europe, he founded companies across EMEA and is now investing globally. He is passionate to develop opportunities with & for others. The companies he co-founded include Jumia, now a leading eCommerce company in Africa and Pulse, now a leading mediacompany in Africa. His investments include Paystack, Flutterwave, Scalable Capital, Conversion and many more. Dedicated to creating trusted connections to enable potential, he founded two networks - Africa Collective, focused on elevating the continent's role globally, and Counder, focused on enabling visionary leaders embrace emerging trends & regions collectively.

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Investment focus

  • Industry: FinTech, Financial Services, B2B
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $1.3M–$6M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
  • Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.
  • Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.
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Camilla Hagen Sørli
Angel · 1 investments in Africa Retail startups

Camilla Hagen Sørli

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Investment focus

  • Industry: Beauty, Retail, Consumer
  • Stage:Seed
  • Geography: Kenya

Investor stats

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

Portfolio highlights

  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
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Victor Asemota
Angel · 1 investments in Africa Retail startups

Victor Asemota

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Investment focus

  • Industry: Credit, Retail, Banking
  • Stage:Pre-Seed
  • Geography: Kenya, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $1M–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tanda — As a Tanda Agent, you can sell Kenya's favorite digital products, and grow your duka while you're at it
  • Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.
Show all investments...

Peter anker
Angel · 1 investments in Africa Retail startups

Peter anker

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Investment focus

  • Industry: Beauty, Retail, Consumer
  • Stage:Seed
  • Geography: Kenya

Investor stats

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

Portfolio highlights

  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
Show all investments...

Daniel Funk
Angel · 1 investments in Africa Retail startups

Daniel Funk

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Investment focus

  • Industry: Retail, Fashion
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
Show all investments...

Patricia Ithau
Angel · 1 investments in Africa Retail startups

Patricia Ithau

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Investment focus

  • Industry: Beauty, Retail, Fashion
  • Stage:Seed, Pre-Seed
  • Geography: Kenya

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shop Zetu — Shop the latest trendy fashion, beauty and accessory brands in Kenya online! Discover affordable clothing, footwear, accessories, beauty products and more. Order today from Shop Zetu.
  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
Show all investments...

Kenneth Ntende
Angel · Kampala, Kampala, Uganda · 1 investments in Africa Retail startups

Entrepreneur, investor philanthropist. Interested in the future of Africa CEO of MonkeyPesa, Co-founded DusuPay

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Investment focus

  • Industry: Apps, Retail, Software
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Khoyn — Khoyn is adding a much needed layer to the development of Africa's digital trade ecosystem. It functions as a Social Point of Sale (sPOS) that allows new age businesses to advertise and sell products directly from within any chat app. We are pioneering a new space of seamless commerce transactions for emerging communities.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Michael Jordaan
Angel · Stellenbosch, NA - South Africa, South Africa · 1 investments in Africa Retail startups

Michael Jordaan, the former banker now heads up a private investment company, Montegray Capital and lends a strategic-hand to various businesses, including as Chairman of Wines of South Africa (WoSA), Chairman of consumer data buro, Compuscan and as Director on the JSE. Michael also actively invests as a partner in AngelHub Ventures, a SouthAfrican based Venture Capital Fund.In 2014 he co-founded a coding apprenticeship program, ProjectcodeX, to grow highly skilled software developers to fuel the digital economy.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: South Africa, Mauritius, The Netherlands

Investor stats

  • Total investments: 13
  • Round size: Seed $1.2M–$1.5M
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • VALR — Buy and sell bitcoin, ethereum & more | Pay anyone for free with VALR Pay
  • OfferZen — On OfferZen, Dutch tech companies reach out to you with upfront role and salary info so you can make the right career move.
  • Real Time Wine — Share your wine moments. Real Time Wine is the social wine discovery app for everyone who enjoys wine, not just those who understand it. [In App Stores NOW!]
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Matt Sutton
Angel · 1 investments in Africa Retail startups

Matt Sutton is an entrepreneur-in-residence at INSEAD.

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Investment focus

  • Industry: Retail, eSports, Software
  • Stage:Seed
  • Geography: Kenya, Singapore, United States

Investor stats

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

Portfolio highlights

  • Ampverse — Ampverse is a creator-first gaming marketing and interactive media company connecting brands and publishers across Southeast Asia.
  • Gamalon — Gamalon is a developer of an AI-based machine intelligence technology designed to write and rewrite their own Bayesian programs. The company's technology accelerates machine learning and converts streams of text paragraphs into structured data rows by linking, enabling e-commerce platforms and manufacturing companies to train the system on fewpieces of data and achieve the same level of accuracy as that of the exhaustively trained neural networks.
  • Powered by People — Powered by People is a values-driven wholesale platform featuring handmade, ethical products from makers in over 40 countries. Sign up now for pre-approved credit and net 60 terms at poweredbypeople.com
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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 1 investments in Africa Retail startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Norway, United States, Kenya

Investor stats

  • Total investments: 20
  • Round size: Seed $320k–$3.5M; Angel $300k–$1.2M; Pre-Seed $368k–$1.8M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Soolv — AI that turns messy application documents into structured data - so you can instantly score candidates and reveal early patterns of success.
  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
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Tushar Ahluwalia
Angel · 1 investments in Africa Retail startups

Tushar Ahluwalia is based out of Germany and is the CEO and Co-Founder of GeneralMind. Tushar previously worked at Razor Group as a Co-CEO and Co-Founder. Tushar Ahluwalia attended London Business School.

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Investment focus

  • Industry: Retail, InsurTech, Insurance
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Germany, Mexico, South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $6M–$50M; Pre-Seed $3.4M–$6.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NUMOS — NUMOS is an insurance tech platform.
  • Xaver — Xaver enables Financial Institutions to close Europe’s pension gap. By offering an advanced AI-driven B2B platform for life insurance and private pension sales, Xaver enhances the operational and sales efficiency of banks, insurers, and brokers by up to 65% and introduces a new era of white-labeled private pension products.With a leadership teamof experienced industry veterans - Max Bachem, Ole Breulmann, and Dr. Björn Holste - and backing from leading VC funds and a prominent group of former financial institution executives, fintech pioneers, and unicorn founders, Xaver is dedicated to improving the pension situation of Europeans through their B2B offering.
  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
Show all investments...

Vikram Chopra
Angel · Gurgaon, Haryana, India · 1 investments in Africa Retail startups

Vikram Chopra is the Co-Founder and Chief Executive Officer of CARS24. He is a former Co-FOunder of FabFurnish and Investment Analyst of Sequoia Capital and was Business Analyst at McKinsey & Company.Mr. Chopra received a BTech and MTech in Engineering at Indian Institute of Technology, Bombay, and earned an MBA in Finance at the Universityof Pennsylvania - The Wharton School.

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Investment focus

  • Industry: Internet, Retail, Fashion
  • Stage:Seed, Series B
  • Geography: India, South Africa

Investor stats

  • Total investments: 11
  • Round size: Seed $1.3M–$9.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Cautio — The future of road safety starts here.
  • Ninecamp — Ninecamp is a food and beverage company. They anticipate creating new and unique brands with a strong emphasis on high-quality offerings in product, service, and design.
  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
Show all investments...

Michael Novogratz
Angel · New York, New York, United States · 1 investments in Africa Retail startups

Michael E. Novogratz is based out of New York, New York, and is the Founder and CEO of Galaxy Digital. Michael previously served at Partner and President of Fortress Investment Group. Michael E. Novogratz attended Princeton University.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 34
  • Round size: Seed $1.1M–$8M; Series A $11M–$38M; Series B $15M–$150M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Curative — Get on-the-go COVID-19 testing and other essential health services, wherever you are.
  • Verandah — Verandah is story based conscious luxury resort brand retailing amongst the top 100 in the global luxury resort wear space with design roots strongly based in India. Verandah also has a line of 100% Italian made sustainable swimwear to compliment the season-less ready to wear line.
  • Mansa — Built by Black creators with a passion for making culture-positive content, Mansa is the only place to stream the best in Global Black stories
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Atlas Benjelloun
Angel · New York, New York, United States · 1 investments in Africa Retail startups

Atlas Benjelloun has been working as a Group Chairman, Atlas Finance at Atlas Holding for 13 years. Atlas Holding is part of the Holding Companies & Conglomerates industry, and located in San Francisco, United States.Atlas Benjelloun invest and support curious, mission-minded people who are committed to solving the Internet’s toughestchallenges.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Series A, Seed, Series C
  • Geography: United States, Morocco, United Kingdom

Investor stats

  • Total investments: 94
  • Round size: Seed $3M–$50M; Series A $8M–$100M; Series C $19M–$118M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Atlys — Atlys is the world's leading visa platform with 99.5% on-time delivery for over 150 destinations.
  • Silo — Silo is a platform that automates the perishable supply chain. More time, more opportunity, less waste.
  • Atlas — Atlas builds cutting-edge generative 3D AI technology to enable the creation of assets & virtual worlds.
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Hamza Abu hassan Ibn Faycal AlMALIKI
Angel · 1 investments in Africa Retail startups

Hamza Abu hassan Ibn Faycal AlMALIKI

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Investment focus

  • Industry: B2B, Retail, Software
  • Stage:Series A
  • Geography: Morocco

Investor stats

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

Portfolio highlights

  • Evollume.com — Introducing a revolutionary new website that combines the best features of two of the world's largest e-commerce platforms to create an unparalleled product sourcing experience. With this website, wholesalers, manufacturers, and retailers can easily find the products they need from a single dashboard.The website features an intuitiveinterface that allows users to search for products by category, brand, price, and other criteria. Users can also view product reviews and ratings, compare prices from multiple suppliers, and place orders directly through the platform.One of the key advantages of this website is that it caters to all types of businesses, whether they are large enterprises or small startups. Wholesalers can easily find manufacturers who can provide them with the bulk quantities they need, while manufacturers can connect with retailers who are looking for specific products to sell. Retailers can also benefit from the website's extensive inventory and competitive pricing, making it easier for them to source the products they need to stock their stores.Another unique feature of this website is its ability to handle international transactions, including currency conversion and shipping. This means that businesses from all over the world can connect and do business with each other, opening up new markets and opportunities for growth.Overall, this website represents a game-changing innovation in the world of e-commerce, making it easier than ever for businesses of all sizes to source the products they need from a single, easy-to-use platform.
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O.D. Kobo
Angel · London, England, United Kingdom · 1 investments in Africa Retail startups

O.D. Kobo is an alternative asset manager with more than two decades of experience leading capital deployment, structured finance, and cross-border investment execution across institutional, sovereign, and principal-backed mandates, with a sectoral focus on technology, energy, and infrastructure.

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Investment focus

  • Industry: Internet, Social Media, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 15
  • Round size: Seed $250k–$2M; Series A $3M–$5M; Series B $12M–$32M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Kobo360 — Kobo360 is Africa's leading supply chain technology platform. We are simplifying the supply chain ecosystem with end-to-end tech products, providing a 360-degree view to all stakeholders.
  • GiveHope — Voted the #1 Most Reliable Fundraising Website for Personal Causes #GiveHope
  • Totally Bored — Totally Bored is a trivia-style app designed to provide light-hearted amusement.
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Oliver Merkel
Angel · Berlin, Berlin, Germany · 1 investments in Africa Retail startups

Oliver Merkel is the Co-Founder of Flink Food.

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Investment focus

  • Industry: Retail, Fashion, Banking
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Germany, South Africa, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $6M–$9.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
  • NutriUnited —
  • Augustus — Building the clearing bank for the AI era
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Baljinder Sharma
Angel · 1 investments in Africa Retail startups

Baljinder Sharma Launch Africa Ventures.

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Investment focus

  • Industry: E-Commerce, Retail, Payments
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Nigeria, Kenya, South Africa

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $200k–$1M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • KUNE — Kune is a foodtech start-up based in Nairobi. We produce quality take-away meals at an affordable price and distribute it to individuals, retails, and corporate. Following a pre-seed round, Kune is building a 5000 meals-a-day food factory and hiring its founding team.
  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • Pricepally — Pricepally provides access to affordable, nutritious, traceable and secure food items in Africa’s urban cities. Pricepally is a wholesale and sharing economy e-commerce platform that enables people to buy food in bulk or share bulk food items with others online to leverage their collective bargaining power.
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Ashley Thompson- MacCarthy
Angel · 1 investments in Africa Retail startups

Ashley Thompson-MacCarthy is the CEO at Obsidian Achernar. Ashley Thompson-MacCarthy attended Middlesex University.

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Investment focus

  • Industry: Mobile, Retail, FinTech
  • Stage:Series A
  • Geography: Ghana

Investor stats

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

Portfolio highlights

  • 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.
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Adebowale Martins
Angel · 1 investments in Africa Retail startups

Adebowale Martins

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Investment focus

  • Industry: Retail, Software, E-Commerce
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

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

Portfolio highlights

  • Hazina — Hazina provides technology and distribution for Consumer Packaged Goods (CPG) brands to improve the quality of insights and engagements from their product sampling campaigns. Hazina matches consumers to product samples from CPGs, delivers directly to consumers at home, and aggregates the feedback and engagements as insights back to the brand.
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Kwehnui Tawah
Angel · 1 investments in Africa Retail startups

Kwehnui Tawah is the Head of Platform Services + Special Projects at Sokowatch. He attended the University of Chicago.

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Investment focus

  • Industry: Beauty, Retail, Consumer
  • Stage:Seed
  • Geography: Kenya

Investor stats

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

Portfolio highlights

  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
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Polo Leteka
Angel · Johannesburg, NA - South Africa, South Africa · 1 investments in Africa Retail startups

Polo Leteka is the Founder and Chairman of IDF Capital SA. She previously worked at Standard Bank of South Africa. Polo Leteka attended the University of South Africa/Universiteit van Suid-Afrika.

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Investment focus

  • Industry: Retail, FinTech, Lending
  • Stage:Seed, Series A, Series B
  • Geography: South Africa, Zambia

Investor stats

  • Total investments: 6
  • Round size: Series A $8.3M–$11M
  • Lead/follow: 67% lead, 33% 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.
  • SweepSouth — Book a home cleaning online from your mobile, tablet or computer. SweepSouth connects you with a cleaner in minutes. Cleaners are experienced, reliable, efficient and insured.
  • Alma Clinics — ALMA CLINICS Primary Healthcare with Advanced Blockchain, AI technology. BEST Clinic providing affordable healthcare, Soweto, Johannesburg, South Africa.
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Jiao Limin
Angel · 1 investments in Africa Retail startups

Jiao Limin

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Investment focus

  • Industry: Retail, E-Commerce, Food and Beverage
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

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

Portfolio highlights

  • Small Hurry — Small Hurry is a quick commerce store focused on enhancing consumer’s convenience by offering a convenient way of buying groceries and on-demand food delivery from the comfort of one’s home, workplace or any other point.
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Kiprono Elvis Terigin
Angel · 1 investments in Africa Retail startups

Kiprono Elvis Terigin

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Investment focus

  • Industry: Beauty, Retail, Consumer
  • Stage:Seed
  • Geography: Kenya

Investor stats

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

Portfolio highlights

  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
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Andrea Iannelli
Angel · London, England, United Kingdom · 1 investments in Africa Retail startups

Andrea Iannelli

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Investment focus

  • Industry: Beauty, Retail, Consumer
  • Stage:Seed
  • Geography: Kenya

Investor stats

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

Portfolio highlights

  • Uncover — Dermatologist-tested K-Beauty formulas powered by African botanicals for melanin-rich skin. Shop SPF 50 sunscreen, serums & kits with free Kenya shipping.
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Khalid Zitouni
Angel · Chicago, Illinois, United States · 1 investments in Africa Retail startups

Khalid Zitouni

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: France, United States, Morocco

Investor stats

  • Total investments: 12
  • Round size: Seed $1M–$11M; Pre-Seed $1.1M–$2.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • biped.ai — biped is an AI copilot for blind and visually impared people, worn as a harness, that captures the surroundings with 3d cameras, maps & filters the environment in real-time using AI to help understand the environment using intuitive sounds
  • Handled — Automating finance and ops for consumer brands so teams can identify issues early and focus on growth, not busywork
  • Pluto.markets — Pluto is the modern investment app for the 100m Europeans living in countries without the EUR.
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Frank Mutebi Ssajjabi
Angel · Dubai, Dubai, United Arab Emirates · 1 investments in Africa Retail startups

Young Enterpreneur, Product Brand/Project Development & Sales and Marketing Professional - Business Development Professional - Company Leadership Professional with focus on Business Start-up and DevelopmentExperienced Logistics & Business Executive that manages for profit with a solid reputation for achieving growth objectivesthrough providing strategic direction, diverse perspectives, and positive leadership across different cultures. Increases organizational efficiencies, trains, leads key personnel and manages team members, associates, and improves sustainable revenue while reducing costs. Company representative at a Senior level, Business developer, brand/project marketing and brand/project building strategist with a track record in applying commercial strategies, marketing and customer service tactics achieving brand/project awareness, consumption, customer loyalty and overall growth of the business. • Company Start-ups and Corporate Set-ups, Administration, Policies and Procedures • International/Regional Marketing and Marketing Tactics • New Product Development/Brand/Project Development and Initiatives • Commercial Execution and Marketing Implementation • Business Development, Strategic Planning and Analysis • Interpersonal Communication with Cross Cultural Competencies • Fostering Teamwork, Providing Training, Motivation and Support • Customer Service, Consumer Orientation and Social Responsibility

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Investment focus

  • Industry: Retail, Agriculture, Food Processing
  • Stage:Series A
  • Geography: Uganda

Investor stats

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

Portfolio highlights

  • Flyland Group — Flyland Group is a diversified and professional trading company, mainly engaged in agriculture, manufacturing, and food processing. With years of efforts, Flyland Group has deployed an environment-friendly product chain from the source to customer fulfilment. Within it's mainland in Uganda, the company has developed its trading branches acrossmore than 20 provinces and cities. In abroad, the business has covered more than 10 countries and districts, including the Middle East, Central Asia and Southeast Asia. Fresh vegetables & Organic Produces are the best seller among other products, which has earned great reputation both in domestic and overseas
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Jean-Paul Zammitt
Angel · London, England, United Kingdom · 1 investments in Africa Retail startups

Jean-Paul Zammitt

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Investment focus

  • Industry: Retail, Fashion
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
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Matt Kalish
Angel · Boston, Massachusetts, United States · 1 investments in Africa Retail startups

Matt Kalish is the founder and CRO of DraftKings, a knowledge-based daily fantasy sports website.

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Investment focus

  • Industry: Gaming, Web3, Retail
  • Stage:Seed, Angel, Series A
  • Geography: United States, Kenya

Investor stats

  • Total investments: 4
  • Round size: Seed $1.5M–$5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • FaZe Media — FaZe Media intends to return creative control to the personalities that created the brand in the first place.
  • Nifty League — A game studio at the cutting edge of Web3 with a mission to inspire other indie game developers to build a decentralized future with us.
  • Playtertainment — Playtertainment provides combination of classic arcade games and mobile technology and offers real live-streaming games with real prizes, enabling gamers to play live games directly from their phone.
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Llew Claasen
Angel · Cape Town, NA - South Africa, South Africa · 1 investments in Africa Retail startups

Llew is the Managing Partner of Newtown Partners, an early-stage venture capital firm that actively invests in emerging, disruptive technology startup businesses. Founded and run by internationally successful entrepreneurs, Vinny Lingham and Llew Claasen, Newtown Partners has an entrepreneurial focus that goes beyond investment. The team operatesout of offices in Cape Town, South Africa and Sunnyvale, California (Silicon Valley).Llew is a go-to-market strategist with almost two decades of senior management experience in cryptoassets (since 2012), digital product management and digital marketing.He co-founded Clicks2customers (rebranded to www.nmpidigital.com) with Vinny Lingham, now a global digital marketing agency with annual billings in excess of $100 million and Synthasite (rebranded to www.yola.com).Llew is also the former Executive Director of the Bitcoin Foundation, the original, the oldest and the largest Bitcoin advocacy organization globally, headquartered in San Francisco, U.S.Llew has a Masters degree in the Management of Technology & Innovation and lives in Cape Town, South Africa.

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Investment focus

  • Industry: Logistics, Transportation, Retail
  • Stage:Seed, Series A, Corporate Round
  • Geography: Egypt, Kenya, Nigeria

Investor stats

  • Total investments: 10
  • Round size: Seed $2.3M–$5.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
  • Chefaa — Chefaa is a GPS-enabled pharmacy benefits platform connecting patients & pharmacies nation-wide to help patients manage all their pharmacy needs. Chefaa uses big data, data ming & machine learning
  • SweepSouth — Book a home cleaning online from your mobile, tablet or computer. SweepSouth connects you with a cleaner in minutes. Cleaners are experienced, reliable, efficient and insured.
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Youcef Oudjidane
Angel · San Francisco, California, United States · 1 investments in Africa Retail startups

Youcef Oudjidane is the Founder and Managing Partner of BYLD and the Co-Founder and Chairman of Elevate (YC W22).

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $200k–$10M; Pre-Seed $120k–$5M; Series A $6.5M–$23M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Waza — Waza is a web platform with APIs. It helps startups and emerging market businesses manage their cash flow issues, invoicing needs, and international payment requirements.
  • Theneo — Generate Stripe-like API docs in just a few clicks. We support OpenAPI, Postman, GraphQL and much more
  • FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
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Mato Perić
Angel · London, England, United Kingdom · 1 investments in Africa Retail startups

Mato invests in technology companies globally. His portfolio companies have raised over US$ 5 billion in capital, employ >15,000 people and have operations in 35 countries across six continents.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, India, United Kingdom

Investor stats

  • Total investments: 55
  • Round size: Seed $2M–$10M; Pre-Seed $3M–$6M; Series A $8M–$100M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
  • Tern Group — Tern Group is an AI Platform to hire and relocate top healthcare talents globally, faster and cheaper. TERN is a full-stack solution to source and relocate top-tier medical and engineering talent from India, North Africa, South Africa, and Central Asia and the approach ensures a seamless, ethical, and transparent migration process, drasticallycutting complexity and shaving costs for healthcare systems.
  • Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.
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