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Top 15 SaaS Startup Investors in Rwanda (October 2026)

The most active venture capital funds and angel investors investing in Rwanda SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Rwanda SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Injini
VC Fund
1 South Africa, Nigeria, Kenya Grant, Seed, Pre-Seed Education, EdTech, E-Learning $7k–$500k
Government of the Republic of Rwanda
VC Fund
1 Rwanda, United States, United Kingdom Grant, Pre-Seed, Venture - Series Unknown Finance, Internet, Payments $10k–$60k
DDF
VC Fund
1 Nigeria, Rwanda, United States Seed Mobile, Internet, Wireless $35k–$2.1M
iAccelerator
VC Fund
1 Rwanda Seed Telehealth, Mobile Apps, Mental Health
Battery Road Digital Holdings
VC Fund
1 Egypt, Singapore, India Seed, Series A, Series B E-Commerce, Transportation, Payments $200k–$24M
Leapfrog Ventures
VC Fund
1 United States, India, Rwanda Series A, Series C, Series B Software, Analytics, Security $2.1M–$75M
Cassava Technologies
VC Fund
1 Rwanda Seed Women's, Education, Non Profit
Zephyr Acorn
VC Fund
1 Kenya, Rwanda, India Seed, Series A, Pre-Seed Financial Services, Banking, FinTech $125k–$10M
Development Bank of Rwanda
VC Fund
1 Rwanda Seed Finance, Software, Financial Services
LuxDev
VC Fund
1 Rwanda, Albania Seed CRM, Finance, Software $125k–$1.2M
Carma Axlr8r
VC Fund
1 United States, Chile, China Seed, Pre-Seed Transportation, Apps, Ride Sharing $25k–$25k
Imbuto Foundation
VC Fund
1 Rwanda Pre-Seed EdTech, Education
Luxembourg Export Credit Agency
VC Fund
1 Rwanda Seed Finance, Software, Financial Services
DeveloPPP Ventures
VC Fund
1 Ghana, Rwanda Seed, Grant Finance, Medical, Software
Burrow Capital
VC Fund
1 Rwanda Seed Finance, Software, Financial Services
Access all 43 investors in Rwanda SaaS startups.

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

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Investor list

Injini
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Rwanda SaaS startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

For centuries, Rwanda existed as a centralized monarchy under a succession of Tutsi kings from one clan, who ruled through cattle chiefs, land chiefs and military chiefs. The king was supreme but the rest of the population, Bahutu, Batutsi and Batwa, lived in symbiotic harmony. In 1899, Rwanda became a German colony and, in 1919, the system ofindirect rule continued with Rwanda as a mandate territory of the League of Nations, under Belgium.

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Investment focus

  • Industry: Finance, Internet, Payments
  • Stage:Grant, Pre-Seed, Venture - Series Unknown
  • Geography: Rwanda, United States, United Kingdom

Investor stats

  • Total investments: 4
  • Round size: Grant $10k–$60k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Kayko — Kayko is a tool for your small business tasks. Record sales and expenses, handle customer tabs and accept digital payments.
  • SchoolNest — SchoolNest is an integrated digital school management system. It is a cutting-edge solution that provides a variety of services designed to automate and improve school efficiency and effectiveness.
  • Insightiv Technologies — Insightiv was founded with a core mission of using cutting-edge technologies to improve access, cost-effectiveness, and efficiency of Health Diagnostics in Resource-Constrained Environments. Currently based in Cambridge MA, and Kigali, Rwanda.
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DDF
VC Fund · San Mateo, California, United States · 1 investments in Rwanda SaaS startups

DDF Capital is a venture capital fund that invests in African startups. It specializes in seed stage investments. Founded in 2015 by Tim Draper and Toro Orero, DDF Capital is headquartered in San Mateo, California.

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Investment focus

  • Industry: Mobile, Internet, Wireless
  • Stage:Seed
  • Geography: Nigeria, Rwanda, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $35k–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tizeti — Tizeti provides broadband internet services to densely populated urban centers in Africa. Tizeti is leveraging the large wireless capacity available with Wi-Fi and plummeting cost of solar panels to create a low CAPEX/OPEX network of owned and operated towers to offer disruptive, customer-friendly pricing for unlimited internet service rightacross Africa.
  • Vuga — Vuga is a telecommunications company that offers a micro-internet network connection.The company invents NodeOne, a quick and affordable way for anyone to set up micro-internet networks without technical skills. NodeOne is built on simplicity but super powerful transmitting an omnidirectional signal, supporting +2.5k clients, with custom meshfirmware for all participants (nodes) to route traffic from other participants.In 2015, Ceddy Muhoza and Patrick Muhire set-up the company in Kigali, Butare.
  • wifi.com.ng — TIZETI (wifi.com.ng) has been deploying high speed internet access to estates, offices, multi-tenant building using next generation wi-Fi technology. They deploy unlimited internet to residential and business customers which allow customers get the full benefit of the internet with no data or time caps. They also offer VOIP and Video on Demandservices.
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iAccelerator
VC Fund · Ahmedabad, Gujarat, India · 1 investments in Rwanda SaaS startups

iAccelerator program designs to equip technology entrepreneurs in internet & mobile domain.

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Investment focus

  • Industry: Telehealth, Mobile Apps, Mental Health
  • Stage:Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • STEPS Initiative — STEPS Initiative is a digital health startup providing mental health information, alcohol abuse self-assessment, and remote healthcare.
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Battery Road Digital Holdings
VC Fund · Mumbai, Maharashtra, India · 1 investments in Rwanda SaaS startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

They believe that the most successful company in any industry gains a disproportionately higher return for its shareholders. their mission is to help their portfolio companies Leapfrog their competitors and achieve industry-leading levels of competitive and market performance as quickly as possible.They are all experienced operating executivesof technology companies as well as successful venture investors. They can recognize the patterns that signal opportunities or risks in a small, high growth company. They have the resources and relationships to help entrepreneurs create the key alliances that will allow them to achieve victory early and convincingly. Every entrepreneur wants an investor who can help build the business. What does this mean? Certainly it is about advice and experience. These are the intangibles. Then there are the tangibles - the introductions to key customers and strategic partners, the access to distribution channels, the assistance in attracting and recruiting key executives - these are the immediate advantages that help Leapfrog the competition. They have built an extensive network of relationships which can be called upon to accelerate the success of their portfolio companies. When you work with them, you work with all of them, not just a single partner. All the partners work closely with all their companies to ensure that all of their collective resources are being matched to the immediate needs of their portfolio companies.

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Investment focus

  • Industry: Software, Analytics, Security
  • Stage:Series A, Series C, Series B
  • Geography: United States, India, Rwanda

Investor stats

  • Total investments: 27
  • Round size: Series A $2.1M–$10M; Series B $7M–$20M; Series C $4M–$75M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $103M in 2005

Portfolio highlights

  • exuus ltd — Exuus is a finTech company that inspire resilience and enable communities to achieve their optimal satisfaction.
  • Zebit — Zebit provides a max of $1,500 of credit to pay over time on thousands of products.
  • HealthifyMe — HealthifyMe is an application that allows its users to achieve their fitness and weight loss goals from their computers and smartphones.The application enables its users to track their calories, nutrition, and fitness activities; track their weight and determine if they are healthy; set healthy goals and work toward meeting them; share theirdata with experts; and get expert advice and suggestions on their lifestyles.HealthifyMe was developed and launched by a team of doctors, nutritionists, and fitness trainers in 2012. It is based in Bangalore, India.
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Cassava Technologies
VC Fund · 1 investments in Rwanda SaaS startups

Cassava Technologies is an innovative technology company encompassing fiber networks, data centers, renewable energy, cloud & cybersecurity.

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Investment focus

  • Industry: Women's, Education, Non Profit
  • Stage:Seed
  • Geography: Rwanda

Investor stats

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

Portfolio highlights

  • AI Skills and Compute Africa Foundation — AI Skills and Compute Africa Foundation is a nonprofit organization that focuses on advancing artificial intelligence capabilities across Africa. It provides GPU-based compute access to startups and researchers through structured grant programs that use AI tokens instead of cash funding. The foundation runs capacity-building programs aimed atdeveloping technical skills and expanding participation in AI, with dedicated allocations for women. It supports institutional researchers with sovereign compute, curated datasets, and assistance in transitioning AI projects toward real-world deployment. The organization also develops physical community spaces known as AISCA Houses and Studios that host collaboration, mentorship, and networking for local technical talent. Its work spans sovereign compute, curated data, capacity building, and community-building pillars to shift Africans from AI consumers to AI creators.
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Zephyr Acorn
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Rwanda SaaS startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kayko — Kayko is a tool for your small business tasks. Record sales and expenses, handle customer tabs and accept digital payments.
Show all investments...

LuxDev
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Rwanda SaaS startups

Luxembourg Development Cooperation Agency

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kayko — Kayko is a tool for your small business tasks. Record sales and expenses, handle customer tabs and accept digital payments.
  • Data4X — Data4X powered by TMS LLC is the go-to market intelligence platform for Western Balkan countries providing in-depth Macroeconomic Overview, Industry & Sectorial Insights, tailored studies for the business landscape.Data4X stands as a leading and singular platform in Kosovo, curated from an in-depth understanding of the intrinsic needs fordata and market intelligence across businesses. We are dedicated to converting complex datasets into clear insights, empowering strategic decision-making.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Carma Axlr8r
VC Fund · Cork, Cork, Ireland · 1 investments in Rwanda SaaS startups

The Carma Axlr8r is a venture fund which focuses on entrepreneurs building technologies to solve the same problem. It offers seed funding ($25,000) as well as the office space and mentoring necessary for developing great ideas into viable companies.The basic goal of the Carma Axlr8r is to supercharge this revolution in the way they think aboutcommuting. They are currently accepting applications for their inaugural program, which will run from January 12th to April 15th, 2015.

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Investment focus

  • Industry: Transportation, Apps, Ride Sharing
  • Stage:Seed, Pre-Seed
  • Geography: United States, Chile, China

Investor stats

  • Total investments: 9
  • Round size: Pre-Seed $25k–$25k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CabEasy — CabEasy is a service and app for university students to share rides with other students from the same school. CabEasy partners with taxi providers near schools to provide on-demand and scheduled trips.
  • Dublway - daily commute ridesharing — Just take a look at http://dublway.com/ and may be you'll find a ride for yourself.We help people find a ride to their offices or study, airport or another city,mall, music festival or ski slope.Want to make a local community, for example for your business center or the mall? Just make a Dublway group and share it with yourcolleagues & friends. We help drivers and passengers save money, reduce traffic jams, save the environment, meet new people and have a great conversations with them. It's more fun & profitably than stay alone in traffic for 2 weeks a year, burning fuel and listening to the radio.
  • Viadedo — Carpool car (in English: Carpool or Carpooling) is the practice of several people to share car that both periodic trips to specific routes.This practice is to reduce traffic in large cities as well as facilitating travel for people who do not have their own car. It also represents a significant decrease in CO2 emissions by reducing the numberof cars on the streets / routes. In turn, you have the chance to meet new people doing the same routes. For long flow paths you share fuel costs.Did you know that 4 out of 5 drivers traveling alone to work in rush hour? Sharing the ride with a friend or co-worker you be helping to reduce the number of cars on the streets, which would mean less traffic. We can not depend on the state to seek a solution to this problem because it is something that is getting worse every year. If we all contribute our part, we can attack the root problem, which would be the amount of cars on the streets.Viadedo gives you the opportunity to find people like you who see the benefits of participating in this community.
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Imbuto Foundation
VC Fund · Kicukiro, Kigali, Rwanda · 1 investments in Rwanda SaaS startups

Engaging, Educating and Empowering communities for Sustainable Change!

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Rango Library — The Rango Library, which fights teen pregnancies by educating young people in the district about sexual and reproductive health, won this year's iAccelerator as the best start-up.
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Luxembourg Export Credit Agency
VC Fund · 1 investments in Rwanda SaaS startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kayko — Kayko is a tool for your small business tasks. Record sales and expenses, handle customer tabs and accept digital payments.
Show all investments...

DeveloPPP Ventures
VC Fund · Eschborn, Hessen, Germany · 1 investments in Rwanda SaaS startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kayko — Kayko is a tool for your small business tasks. Record sales and expenses, handle customer tabs and accept digital payments.
  • Dawa Mkononi — Dawa Mkononi (DM) is a registered company that mainly focuses on innovations to improve pharmaceutical supply chain. The app is run by DM Pharmacy located at Kariakoo in Dar es Salaam. The app currently serves for wholesale business only to pharmacies, ADDOs, and health facilities such as Hospitals and Clinics.
  • Revna Biosciences — Revna Biosciences is a company that focuses on precision medicine research and diagnostics. The company is involved in the field of biomedical research and clinical services, with a particular emphasis on advancing precision medicine in Africa. Revna Biosciences is also known for its work in the area of cancer research. The company offers a rangeof products and services related to medical research and applied life sciences. It has received approval from the Food and Drug Administration for its work, highlighting its commitment to adhering to regulatory standards and guidelines.
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Burrow Capital
VC Fund · 1 investments in Rwanda SaaS startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kayko — Kayko is a tool for your small business tasks. Record sales and expenses, handle customer tabs and accept digital payments.
Show all investments...

SaaS Investor funding in Rwanda at a glance

Stats across 67 deals from 43 investors.

43
investors
in Rwanda SaaS startups
67
deals
in Rwanda SaaS startups
$50k
median round
in Rwanda SaaS startups
47%
lead investors
lead at least one round
39%
Non-equity Assistance
most common funding stage
98/2
VC / Angel
share of investor count

Access all 43 investors in Rwanda SaaS startups.

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