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Top 5 VC Funds & Investors in Afghanistan (September 2026)

The most active venture capital funds investing in Afghanistan startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Afghanistan startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
MindWorks Capital
VC Fund
1 China, Hong Kong, United States Seed, Series A, Series B Financial Services, FinTech, Logistics $850k–$41M
Sanchez Capital Partners
VC Fund
1 United States, France, Afghanistan Series A, Series B Software, E-Commerce, Books $5.4M–$12M
Clearstone Venture Partners
VC Fund
1 United States, India, Afghanistan Series A, Series B Software, Enterprise Software, E-Commerce $4M–$23M
N5Capital
VC Fund
1 China, United States, India Series A, Seed, Series B E-Commerce, Internet, Gaming $142k–$30M
Infrontier
VC Fund
1 Afghanistan, United States, United Arab Emirates Venture - Series Unknown, Series A Retail, Banking, Insurance $3M–$5M
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Investor list

MindWorks Capital
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in Afghanistan startups

MindWorks Capital invests in and empowers Asia's most promising entrepreneurs to establish transformative businesses. MindWorks manages capital for university endowments, global asset managers, fund of funds, family offices, and Asia's top new economy innovators.

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Investment focus

  • Industry: Financial Services, FinTech, Logistics
  • Stage:Seed, Series A, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 76
  • Round size: Seed $850k–$13M; Series A $1.5M–$15M; Series B $9.3M–$41M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $220M in 2022

Portfolio highlights

  • Collov Labs — Collov is a virtual interior design & shopping platform that offers interior design services stocked with shoppable goods from many brands.
  • InsForge — Model gateway, compute, deployment, database, auth, and more. Every service built for AI coding agents to operate end to end through CLI and skills.
  • Kitar — Platform jual beli hp bekas yang aman dan transparan untuk beli HP second berkualitas dan jual HP cepat cair. Dapatkan garansi hingga 12 bulan, cicilan 0%, gratis ongkir, cashback, serta retur 7 hari.
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Sanchez Capital Partners
VC Fund · Austin, Texas, United States · 1 investments in Afghanistan startups

Sanchez Capital Partners is a private equity firm focused on early-stage internet companies based in Texas and the Southwest.

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Investment focus

  • Industry: Software, E-Commerce, Books
  • Stage:Series A, Series B
  • Geography: United States, France, Afghanistan

Investor stats

  • Total investments: 5
  • Round size: Series A $5.4M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • OpenSales — OpenSales is the provider of OpenSales Core Commerce, a freely available platform for the complete management of e-commerce sites. The software, which runs on Linux, UNIX and Windows NT, is designed to allow the easy management of content, pricing, inventory, ordering and statistical information.
  • Factory Logic — Factory Logic, Inc. provides factory management solutions. The company develops Streamline Lean Factory Management System, an operational management software solution that provides factory personnel with the integrated tools to design, operate, and improve lean manufacturing facilities. Its Lean Operations suite supports an integrated approach thatdirectly links production to customer demand, as well as maintains stability required for factory and supply chain operations. The company also undertakes consulting projects. It serves automotive, electronics, industrial equipment, and aerospace industries. The company was formerly known as Scintellect Systems, Inc. The company was founded in 1993 and is based in Austin, Texas. As of December 18, 2006, Factory Logic, Inc. operates as a subsidiary of SAP AG.
  • Isochron Data — Isochron Data Corporation (Isochron) is the leading application service provider of enterprise information solutions and wireless devices for customers seeking to communicate with their distributed field assets. Isochron's solutions connect people, devices, and enterprise systems to provide customers with vital information to improve their topand bottom lines. With Isochron's solutions, managers have direct control over their field assets and immediate access to timely, accurate, and actionable information to better manage their businesses.
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Clearstone Venture Partners
VC Fund · Santa Monica, California, United States · 1 investments in Afghanistan startups

Founded by Bill Elkus in 1998, Clearstone Venture Partners is a venture capital firm with offices in Santa Monica and Menlo Park, California. The firm manages over $650 million of committed capital in the technology sector, and has helped finance early-stage rounds in numerous successful companies such as eToys, Overture, PayPal, United Online,MP3.com, Jump and eMusic.Clearstone's limited partners include the investment affiliates of The State of California, JP Morgan, The University of California, The State of Michigan, The State of Pennsylvania, The University of Pittsburgh, Moore Capital and others.

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Investment focus

  • Industry: Software, Enterprise Software, E-Commerce
  • Stage:Series A, Series B
  • Geography: United States, India, Afghanistan

Investor stats

  • Total investments: 103
  • Round size: Series A $4M–$10M; Series B $6M–$23M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2005

Portfolio highlights

  • Vyng — Vyng has built a next-generation Caller ID platform that visualizes every call. Vyng is helping start better conversations between friends, family, and businesses for the next half billion smartphone users in India and beyond.Vyng boasts 4 billion videos played across 170 countries since its launch in 2018. The company has raised $7MM and isbacked by March Capital, Omidyar Network, a Sequoia Capital partner, and the founders of Giphy and GroupMe.
  • Billdesk — Seamless payment solutions for businesses: online, recurring, international, EMI, tokenisation & more. Accelerate growth with BillDesk.
  • Rubicon Project — The world's top publishers trust Magnite to help them drive more advertising revenue across every channel and format, including CTV.
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N5Capital
VC Fund · Beijing, Beijing, China · 1 investments in Afghanistan startups

N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.

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Investment focus

  • Industry: E-Commerce, Internet, Gaming
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 93
  • Round size: Seed $142k–$2.1M; Series A $1.3M–$15M; Series B $425k–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Feiyu — Feiyu is an online purchasing platform for luxury trading bags.
  • Harmay — HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products,
  • Zhongying Cross-border — Zhongying Cross-border is a cross-border e-commerce comprehensive service platform.
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Infrontier
VC Fund · London, England, United Kingdom · 1 investments in Afghanistan startups

InFrontier is a London-based, FCA authorised and regulated investment firm focused on frontier markets. InFrontier aims to generate commercial returns to investors whilst supporting socioeconomic development in the world’s most challenging markets.

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Investment focus

  • Industry: Retail, Banking, Insurance
  • Stage:Venture - Series Unknown, Series A
  • Geography: Afghanistan, United States, United Arab Emirates

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $3M–$5M
  • Lead/follow: 100% lead, 0% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2016

Portfolio highlights

  • Rumi Spice — Rumi Spice sources the world's highest quality saffron and whole seed spices direct from Afghan Farmers. Used by world-class Chefs, food connoisseurs and unmatched in quality.
  • Alef Technology — ALEF Technology is Afghanistan’s leading broadcast technical services and critical power company, providing turnkey end-to-end communication and power solutions to corporate customers. ALEF employs best of class technology infrastructure including high performance satellite uplink and downlink through a long-term partnership with Abu Dhabi-basedsatellite services provider YahLive, microwave towers and an interactive voice response hardware platform. ALEF’s clients include Afghanistan’s broadcast media companies, Telecom companies, government entities, banks and educational institutions.
  • Insurance Corporation of Afghanistan — Insurance Corporation of Afghanistan is a provider of comprehensive retail and commercial insurance products. It also offers aviation, banking, cargo, property, travel, political, and terrorism insurance to corporate clients as well as to local and international organizations that are tailored to suit the client's needs.
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VC funding in Afghanistan at a glance

Stats across 8 deals from 10 investors.

10
investors
in Afghanistan startups
8
deals
in Afghanistan startups
$2M
median round
in Afghanistan startups
50%
lead investors
lead at least one round
38%
Venture - Series Unknown
most common funding stage

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