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Top 45 VC Funds & Investors in Tanzania (June 2026)

The most active venture capital funds investing in Tanzania startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Tanzania startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Launch Africa
VC Fund
5 Nigeria, South Africa, United States Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$4M
Goodwell Investments
VC Fund
2 Nigeria, South Africa, Kenya Series A, Series B FinTech, Financial Services, Banking $1.6M–$26M
Development Bank of Japan
VC Fund
2 Japan, United States, Singapore Series A, Series B Robotics, Aerospace, Information Technology $1.3M–$652M
UTEC - The University of Tokyo Edge Capital Partners
VC Fund
2 Japan, United States, India Seed, Series A Health Care, Biotechnology, Medical $3.1M–$85M
Acasia Ventures
VC Fund
2 Egypt, Nigeria, Kenya Seed, Pre-Seed Financial Services, FinTech, Mobile $532k–$2.5M
Raba Partnership
VC Fund
2 United States, South Africa, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Finance $635k–$32M
Nyca Partners
VC Fund
2 United States, United Kingdom, Israel Series A, Seed, Series B FinTech, Financial Services, Software $2.3M–$70M
J-POWER
VC Fund
2 Japan, Tanzania, United States Corporate Round, Series A, Series B Renewable Energy, Manufacturing, Solar $7.7M–$567M
NEC Capital Solutions
VC Fund
2 Japan, United States, Tanzania Series B, Series A Internet, Manufacturing, Information Technology $5.1M–$553M
elea Foundation for Ethics in Globalization
VC Fund
2 India, Tanzania, South Africa Seed, Series A E-Commerce, Agriculture, Food and Beverage $100k–$2.8M
FINCA Ventures
VC Fund
2 Kenya, Nigeria, Mexico Seed, Grant, Series A Financial Services, Agriculture, AgTech $40k–$4.2M
Amplo
VC Fund
2 United States, India, Kenya Seed, Series A, Series B Software, Information Technology, FinTech $3M–$70M
Ventures Platform
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4.4M
DCG Expeditions
VC Fund
1 United States, India, Nigeria Seed, Pre-Seed, Series A Financial Services, FinTech, Blockchain $350k–$20M
Planet N Group of Companies
VC Fund
1 Pakistan, Oman, Egypt Seed, Pre-Seed, Series A FinTech, E-Commerce, Health Care $850k–$5M
9Yards Capital
VC Fund
1 United States, United Kingdom, Ireland Series A, Series B, Seed FinTech, Financial Services, Software $1.3M–$130M
Finnfund
VC Fund
1 Kenya, India, South Africa Debt Financing, Series B Financial Services, Energy, FinTech $2.7M–$135M
Musha Ventures
VC Fund
1 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Software, Financial Services, FinTech $125k–$10M
British International Investment
VC Fund
1 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance $9M–$130M
Flexcap
VC Fund
1 United States, Tanzania Seed, Series A Software, Artificial Intelligence, SaaS $2.6M–$7M
Norrsken22
VC Fund
1 South Africa, Egypt, Nigeria Seed, Series A, Series B Financial Services, Banking, Payments $2.4M–$55M
SMBC Venture Capital
VC Fund
1 Japan, United States, Singapore Series A, Series B Information Technology, Health Care, Software $4.5M–$425M
HOF Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Financial Services $385k–$57M
NEC Corporation
VC Fund
1 United States, Japan, Israel Series B, Series A Software, Manufacturing, Information Technology $7.7M–$553M
GMC coLABS
VC Fund
1 Kenya, Tanzania Seed, Pre-Seed B2B, Mobile, Consumer
Sanofi
VC Fund
1 United States, France, China Post-IPO Equity, Series B, Series A Biotechnology, Health Care, Pharmaceutical $2.7M–$400M
AAIC Investment
VC Fund
1 Kenya, Egypt, Nigeria Series A, Seed, Series B Health Care, Medical, E-Commerce $450k–$794M
Acrew Capital
VC Fund
1 United States, Mexico, United Kingdom Series A, Seed, Series B Software, Financial Services, FinTech $2.5M–$79M
Bessemer Venture Partners
VC Fund
1 United States, India, Israel Series B, Series A, Series C Software, Information Technology, SaaS $5M–$100M
Catalytic Africa
VC Fund
1 Benin, Uganda, Nigeria Angel, Seed, Pre-Seed Financial Services, Apps, Retail $200k–$1.5M
Whole Foods Market Foundation
VC Fund
1 United States, Senegal, United Kingdom Grant, Debt Financing Non Profit, Education, Agriculture $50k–$570k
Nordic Impact Funds
VC Fund
1 Uganda, Tanzania Pre-Seed, Seed Software, AgTech, Finance $300k–$1.5M
Acacia Venture Capital Partners
VC Fund
1 United States, Mexico, Colombia Seed, Pre-Seed, Series B Software, E-Commerce, Artificial Intelligence $500k–$8.2M
Mercy Corps Ventures
VC Fund
1 Kenya, United States, Nigeria Seed, Pre-Seed, Series A Financial Services, FinTech, Agriculture $100k–$35M
Bill & Melinda Gates Foundation
VC Fund
1 United States, United Kingdom, India Grant, Series A, Series B Biotechnology, Health Care, Medical $499k–$85M
Warioba Ventures
VC Fund
1 Tanzania Seed Health Care
Pontem Ventures
VC Fund
1 Tanzania Seed Health Care
Pearl Capital Partners
VC Fund
1 Uganda, Kenya, Malawi Private Equity, Debt Financing, Seed Agriculture, Farming, Food Processing $5k–$2.6M
Shine Capital
VC Fund
1 United States, Spain, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $3.5M–$71M
AXIAN
VC Fund
1 Kenya, Canada, Tanzania Seed, Series A Payments, Financial Services, SaaS $4M–$12M
Accion Ventures
VC Fund
1 India, United States, Mexico Seed, Series A, Series B Financial Services, FinTech, Finance $500k–$33M
Beyond Capital
VC Fund
1 India, United States, Egypt Seed, Pre-Seed, Series B Health Care, Medical Device, Financial Services $357k–$44M
VentureSouq
VC Fund
1 United States, United Arab Emirates, Saudi Arabia Seed, Series A, Series B FinTech, Financial Services, Software $250k–$50M
DST Global
VC Fund
1 United States, China, India Series B, Series C, Series A FinTech, E-Commerce, Financial Services $10M–$900M
Japan International Cooperation Agency
VC Fund
1 Vietnam, Japan, United Arab Emirates Debt Financing, Post-IPO Debt, Series C Financial Services, Finance, Renewable Energy $3M–$415M
Access all 134 VC funds in Tanzania startups.

Access 48,091 investors

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

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Investor list

Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 5 investments in Tanzania startups

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

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Investment focus

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

Investor stats

  • Total investments: 162
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.7M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Fixit45 — Fixit45 also provides fleet management, auto parts sourcing and delivery, auto care, refurbishment and upgrades, repair financing, and mechanic workshop software as well as pre-purchase inspections, underlying these with moderation for compliance and accountability.
  • Gigmile — Gigmile provides financial services. They provide gig workers with core services and an affordable lease on productive assets that is tailored to their earnings to enable them to succeed in the mobility industry as entrepreneurs.
  • HomecomingEx — Homecoming Revolution is a pan-African recruitment firm for global African professionals. We specialise in headhunting & placing global African talent.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Tanzania startups

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Series A, Series B
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 47
  • Round size: Series A $1.6M–$12M; Series B $2M–$26M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • OmniRetail — OmniRetail is a consumer goods distribution platform that solves the inefficiencies of traditional trade by digitizing key stakeholders through its products.
  • Hinckley Recycling — Hinckley Recycling is dedicated to the responsibility of being a good steward of the environment and will in all circumstances aspire to constantly emphasize awareness of the natural environment, whilst maintaining a level of proficiency which demonstrates bona fide leadership in all spheres of the environment.
  • Agent Banking Company — Agent Banking Company provides digital technology solutions that enable access to banking services through bank-approved agents.
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Development Bank of Japan
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Tanzania startups

Development Bank of Japan is an integrated investment and loan service provider to domestic and international clients. They will support sustainability management that balances economic and social value and will help to realize a sustainable society.

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Investment focus

  • Industry: Robotics, Aerospace, Information Technology
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 55
  • Round size: Series A $1.3M–$90M; Series B $4.7M–$652M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Qolab — Qolab mission is to build high quality qubits by leveraging the most advanced semiconductor manufacturing processes.
  • Tenchijin — Tenchijin is optimiz human civilization using space big data.
  • Cellid — Cellid developing the waveguide-architecture display module for AR glasses and high-performance spatial recognition software.
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UTEC - The University of Tokyo Edge Capital Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Tanzania startups

UTEC-The University of Tokyo Edge Capital Partners Co., Ltd.. UTEC is a seed/early stage technology focused venture capital firm associated with The University of Tokyo.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 175
  • Round size: Seed $3.1M–$54M; Series A $5.2M–$85M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • ImmunoScape — ImmuniScape discovers and develops novel TCR-based therapeutics against solid tumors
  • Metcela — Cells hold endless possibilities. Through science, we will unlock these potentials and harness them to improve the lives of patients worldwide.
  • Startbahn — Startbahn develops Startrail, a sustainable and scalable blockchain infrastructure that assures the reliability, authenticity, and traceability of artworks.
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Acasia Ventures
VC Fund · Cairo, Al Qahirah, Egypt · 2 investments in Tanzania startups

Acasia Ventures is a leading venture capital firm that invests in early-stage companies throughout the Middle East and Africa. With a focus on being a first believer in innovation and entrepreneurship, the firm strives to support the growth of the next generation of market leaders through their unique and scalable solutions. Its Tech Fund I iscurrently targeting investments in tech-driven and tech-enabled startups at the pre-Seed to pre-Series A stages.

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Investment focus

  • Industry: Financial Services, FinTech, Mobile
  • Stage:Seed, Pre-Seed
  • Geography: Egypt, Nigeria, Kenya

Investor stats

  • Total investments: 17
  • Round size: Seed $750k–$2.5M; Pre-Seed $532k–$1M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Menthum — Grow your wealth with Egypt's leading fintech platform. Earn up to 2x traditional bank returns with FRA-licensed security.
  • Bluworks.io — Smart HR system for Smart Businesses | Start Today Automate payroll, shift scheduling, and attendance for your blue-collar workforce. Bluworks is the HR system trusted by all.
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Raba Partnership
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Tanzania startups

The Raba Partnership, Raba Capital, Raba

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, South Africa, Egypt

Investor stats

  • Total investments: 56
  • Round size: Seed $2M–$6M; Pre-Seed $635k–$6.5M; Series A $9.2M–$32M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $60M in 2021

Portfolio highlights

  • Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
  • Cloudline — The all-in-one cloud platform helping leisure businesses sell more, reduce costs & personalize experiences.
  • Fuse Financial Technologies — Financial APIs for building products in the Middle East.
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Nyca Partners
VC Fund · New York, New York, United States · 2 investments in Tanzania startups

Nyca is a leading venture capital firm focused on connecting innovative companies to the global financial system.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 178
  • Round size: Seed $2.3M–$9.7M; Series A $8M–$35M; Series B $15M–$70M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $210M in 2019

Portfolio highlights

  • Tandems — Tandems enhances the way financial advice is delivered by equipping advisors, bankers, and agents with data-driven insights and personalized recommendations. Tandems focuses on improving institutional operations through automation and intelligent decision-support tools that streamline workflows and client engagement. The company’s technology isdesigned to augment human expertise, allowing financial professionals to allocate more time to strategic guidance and relationship building.
  • Bequest Finance — Digital estate planning made easy for professionals and individuals. Securely protect online accounts, cryptocurrencies, emails, media, documents and more.
  • Loop AI - Delivery Intelligence Platform — Fully automated delivery intelligence platform. Loop AI is your co-pilot to manage your food brand. Empower your team to minimize errors, stay ahead of food trends and boost revenue through data driven smart workflows.
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J-POWER
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Tanzania startups

J-POWER Group believes that energy production and the environment can coexist in harmony. In light of this corporate philosophy, our environmental management aims to promote greater environmental responsibility while enhancing the economic value of our operations in order to further contribute to the development of a sustainable society. TheJ-POWER Group Environmental Management Vision is made up of a Basic Policy and an Environmental Action Program that defines specific tasks and goals and the means to achieve them. The Environmental Action Program brings together Corporate Targets, which define midterm targets for environmental initiatives, and Environmental Action Guidelines, which orient the initiatives to be implemented each fiscal year. J-POWER Group is working as a whole to realize environmental management in accordance with these targets and guidelines.

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Investment focus

  • Industry: Renewable Energy, Manufacturing, Solar
  • Stage:Corporate Round, Series A, Series B
  • Geography: Japan, Tanzania, United States

Investor stats

  • Total investments: 14
  • Round size: Series A $7.7M–$62M; Series B $13M–$567M; Corporate Round $32M–$55M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Towing — Towing is an agricultural company that provides farming, manufacturing, and recycling services.
  • Active Surfaces — Active Surfaces is commercializing MIT-developed ultra-thin-film solar technology.
  • Japan GX Group — Shibuya Blend Green Energy platform analyzes company processes and resources, recommends and plans improvement initiatives, and addresses corporate ESG challenges, assisting companies in balancing business and environmental protection.
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NEC Capital Solutions
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Tanzania startups

NEC Capital Solutions Limited provides financial services in Japan. It's Main Business is Leasing for Information and Communication Equipment, Office Equipment, Industrial Equipment and Installment Sales, Business Loans, Factoring Services, Business Outsourcing and Sales of Used Equipment.

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Investment focus

  • Industry: Internet, Manufacturing, Information Technology
  • Stage:Series B, Series A
  • Geography: Japan, United States, Tanzania

Investor stats

  • Total investments: 56
  • Round size: Series A $5.1M–$142M; Series B $7.1M–$553M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • A*QUANTUM — A*QUANTUM is an quantum computer software.
  • AI Samurai — AI Samurai specializes in the development and sales of artificial intelligence technology. It also supports patent research and technical research. The company was founded in 2015.
  • Liberaware — Liberaware is a machine learning and artificial intelligence company.
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elea Foundation for Ethics in Globalization
VC Fund · 2 investments in Tanzania startups

elea Foundation for Ethics in Globalization

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Investment focus

  • Industry: E-Commerce, Agriculture, Food and Beverage
  • Stage:Seed, Series A
  • Geography: India, Tanzania, South Africa

Investor stats

  • Total investments: 16
  • Round size: Seed $100k–$1.2M; Series A $2M–$2.8M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • BukaPO — BukaPO is a food and beverage company that provides pulses, rice bowls, and various other snack food services.
  • RUTOPIA
  • MazaoHub — MazaoHub is a AI-powered end-to-end farm management company.
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Access 48,091 investors

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

Browse database — It's Free!
FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Tanzania startups

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

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Investment focus

  • Industry: Financial Services, Agriculture, AgTech
  • Stage:Seed, Grant, Series A
  • Geography: Kenya, Nigeria, Mexico

Investor stats

  • Total investments: 23
  • Round size: Seed $1.1M–$4M; Grant $40k–$100k; Series A $1.1M–$4.2M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Cladfy — Cladfy is a data analytics company that creates tools to assist lenders, merchants, and individuals in making informed loan, savings, and expenditure decisions.
  • Karpolax — Karpolax provides preservation technologies for agricultural companies that enable them to enhance the shelf life of fruits and vegetables.
  • Good Nature Agro — Their priority is to generate lasting income with small-scale farmers. They build local community leaders into qualified Private Extension Agents (PEAs) who oversee and train farmers throughout the growing season. They support PEAs to provide frequent trainings and personalized recommendations on how their growers can make their field healthier andmore productive. PEAs promote improved farm practices and deliver a farmer-friendly loan of seeds and additional inputs. At harvest, Good Nature is a guaranteed market for the certified legume seed that their growers produce. Choosing to produce these high-value crops over traditional cash crops - maize and cotton - more than doubles their income.
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Amplo
VC Fund · Spring, Texas, United States · 2 investments in Tanzania startups

Amplo is a global venture capital firm helping build companies that matter. It specializes in the fields of financial services, venture capital and financial exchanges.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 75
  • Round size: Seed $3M–$13M; Series A $5.5M–$40M; Series B $21M–$70M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2019

Portfolio highlights

  • Helm.ai — Explore Helm.ai's AI software for high-end ADAS through Level 4 autonomous vehicles. Helm.ai offers a full suite of full-stack AI software, foundation models, and generative AI development and validation tools for production-bound projects.
  • Nala — A new kind of mobile money transfer for Africans worldwide! Make safe, affordable, and reliable international payments to Kenya, Tanzania, and Uganda.
  • Montauk Climate — Montauk Climate is building solutions across the full stack of the Electron Economy, ensuring its success today, tomorrow, and for the future of our planet.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 1 investments in Tanzania startups

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.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 143
  • Round size: Seed $325k–$4.4M; Pre-Seed $100k–$1.3M
  • Lead/follow: 28% lead, 72% 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.
  • Brass — Get started with a modern current account
  • LemFi — Send money to India, China, Pakistan, Nigeria, Ghana, Kenya and 30 other countries. Receive and manage your money without stress
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DCG Expeditions
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Tanzania startups

Luno Expeditions is a global early-stage investor supporting fintech & crypto founders on their journeys to build the next generation of financial services.

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Investment focus

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

Investor stats

  • Total investments: 23
  • Round size: Seed $1.5M–$5.3M; Pre-Seed $350k–$1.5M; Series A $10M–$20M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Onmeta — Onmeta
  • Anchor — Anchor is building the infrastructure needed for businesses to build, launch, and scale banking and payment solutions.
  • Sealance Corp. — Sealance provides financial services, cryptography and other services.
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Planet N Group of Companies
VC Fund · London, England, United Kingdom · 1 investments in Tanzania startups

Planet N Group is a growth markets oriented high-tech investment firm focused on the Greater Middle East and Asia. Planet N’s portfolio spans financial inclusion, fintech, data science & AI, e-media, e-health, blockchain, edutech and e-commerce across Egypt, Pakistan, the UAE, Singapore and the UK

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Investment focus

  • Industry: FinTech, E-Commerce, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, Oman, Egypt

Investor stats

  • Total investments: 26
  • Round size: Seed $850k–$5M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • MContent — MContent is a platform that creates direct financing and investments for deserving content creators, film professionals, and media artists.
  • myco — myco is a content streaming super dApp that smoothly integrates AVOD and SVOD capabilities into a decentralized ecosystem.
  • WoW Health Solutions — WoW Health Pakistan Provides Best Healthcare Solutions In Pakistan. Connect With Doctor via Phone Call Or Call Doctor At Home Anytime.
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9Yards Capital
VC Fund · San Francisco, California, United States · 1 investments in Tanzania startups

Growth-stage venture capital.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, Ireland

Investor stats

  • Total investments: 124
  • Round size: Seed $1.3M–$17M; Series A $7.4M–$30M; Series B $23M–$130M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Capitolis — Capitolis is a technology provider addressing capital market constraints in equities and foreign exchange. It connects capital with collaborative solutions to clients all over the world.The company connects market participants and transforms the efficiency frontiers of their businesses. It partners with clients to address their challenges andcreatively build new opportunities around under-utilized capital.Capitolis was founded in 2017 and is headquartered in New York.
  • Judi Health — Capital Rx is a health technology company that engages in managing pharmacy benefit plans. The company is redefining the way prescriptions are priced and administered in the U.S. Through its Clearinghouse Model, it unlocks the pharmacy supply chain and reduces prescription costs for employer groups. By establishing a competitive marketplace fordrug pricing, Capital Rx focuses its resources on deploying actionable strategies that improve plan performance and patient outcomes.
  • Candex — Candex is your tech-based master vendor, enabling enterprises to engage and make purchases from suppliers in a compliant way without onboarding delays.
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Tanzania startups

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.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 66
  • Round size: Series B $5M–$41M; Debt Financing $2.7M–$135M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Igloo — As a top insurtech company, Igloo makes insurance easy across Southeast Asia by working with reputable insurers and distribution partners.
  • Mobisol — We transform lives through solar energy access. Our solar home systems and mini-grids benefit millions of people in Sub-Saharan Africa.
  • Cassava Technologies — Cassava Technologies is an innovative technology company encompassing fiber networks, data centers, renewable energy, cloud & cybersecurity.
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Musha Ventures
VC Fund · New York, New York, United States · 1 investments in Tanzania startups

Seed capital for technology startups globally.

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Investment focus

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

Investor stats

  • Total investments: 140
  • Round size: Seed $125k–$4.9M; Pre-Seed $300k–$3.2M; Series A $2.5M–$10M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • nGrow.ai — Boost revenue and engagement
  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • Orca Fraud — Orca empowers fraud fighters with effective tools to combat fraud
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British International Investment
VC Fund · London, England, United Kingdom · 1 investments in Tanzania startups

British International Investment is the UK's development finance institution. We've been at the forefront of supporting companies in developing countries for more than 70 years.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 152
  • Round size: Series B $14M–$50M; Debt Financing $9M–$130M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Scatec ASA — Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets.
  • Wave Mobile Money — Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, andaccepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
  • CLR Facility Services — CLR is a leading Integrated Facility Management (IFM) company with a PAN India presence, providing comprehensive solutions including IFM, Technical Services, Business Support, Aviation Services, Production Support, and Floor Care Services.
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Flexcap
VC Fund · New York, New York, United States · 1 investments in Tanzania startups

Flexcap is a venture capital investment firm based in New York, New York. The firm focuses on early stage investments in enterprise SaaS and financial services.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A
  • Geography: United States, Tanzania

Investor stats

  • Total investments: 4
  • Round size: Seed $2.6M–$7M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Ramani — Ramani is an application for salespeople to track their inventory, register their customers and record their sales transactions.
  • Kindo — Kindo brings AI-native security and automation to DevOps, SecOps, and ITOps. Streamline operations, cut alert fatigue, and resolve incidents autonomously with intelligent agents.
  • Candid Intelligence — Candid Intelligence is a software company that specializes in AI solutions for engineering and construction projects.
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Norrsken22
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Tanzania startups

Norrsken22 is a tech growth fund, backed by an international network of tech founders, partnering with exceptional African entrepreneurs in scaling disruptive businesses.

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Investment focus

  • Industry: Financial Services, Banking, Payments
  • Stage:Seed, Series A, Series B
  • Geography: South Africa, Egypt, Nigeria

Investor stats

  • Total investments: 19
  • Round size: Seed $2.4M–$5.8M; Series A $5M–$40M; Series B $6.8M–$55M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • Nala — A new kind of mobile money transfer for Africans worldwide! Make safe, affordable, and reliable international payments to Kenya, Tanzania, and Uganda.
  • Orca Fraud — Orca empowers fraud fighters with effective tools to combat fraud
  • Smile ID — Smile ID provides the best onboarding, identity verification, and user authentication service for fast growing businesses and startups in Africa.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Tanzania startups

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries andaffiliates in the various business segments.

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Investment focus

  • Industry: Information Technology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 513
  • Round size: Series A $4.5M–$170M; Series B $5.7M–$425M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Letara — Letara operates a space technology platform with the intention to serve a logistics network covering the solar system. The company produces hybrid propulsion engines for small spacecraft, promoting groundbreaking advances in space propulsion with high thrust, safe, and inexpensive propulsion system technology.
  • Pragtech — Pragtech develops and operates parking lot service software that helps to eliminate payment congestion and reduce operating costs.
  • Metro Weather — Metroweather is a venture from Kyoto University that develops a high-performance Doppler lidar that measures the direction and speed of wind several tens of kilometers away from minute movements of fine particles in the atmosphere. We aim to contribute to the safety of the sky by completing a three-dimensional wind map, which has never beenrealized,based on years of research at the Kyoto University Research Institute for Sustainable Areas.
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HOF Capital
VC Fund · New York, New York, United States · 1 investments in Tanzania startups

HOF Capital is a global technology investment firm that leverages its global limited partner network to help founders build massive businesses.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 182
  • Round size: Seed $1.4M–$15M; Pre-Seed $385k–$5.5M; Series A $10M–$57M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • Codesphere — Codesphere is your Zeroconfig Cloud. No config - just code and run web apps from your browser. Team work on distributed full stack Typescript, and benefit from our automatic deployments, scaling, tests, and security / privacy audits. We optimize each and every detail to keep things simple for you. Codesphere is next level programming.
  • BillionToOne — We are a team at the forefront of disease detection focused on moving Prenatal Screening and Liquid Biopsy forward.
  • Drop — Join the free rewards app with over 5 million members that lets you earn points by shopping at 500+ brands, investing in crypto, playing games and more.
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NEC Corporation
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Tanzania startups

NEC Group under the Solution for Society principle delivers safety, security, fairness and efficiency to our society with our partners around the globe.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series B, Series A
  • Geography: United States, Japan, Israel

Investor stats

  • Total investments: 31
  • Round size: Series A $7.7M–$70M; Series B $10M–$553M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Sakana AI — We are creating a new kind of foundation model based on nature-inspired intelligence.
  • BostonGene — BostonGene Corporation is pioneering the use of biomedical software for advanced patient analysis and personalized therapy decision making in the fight against cancer. BostonGene’s unique solution performs sophisticated analytics to aid clinicians in their evaluation of viable treatment options for each patient's individual genetics, tumor andtumor microenvironment, clinical characteristics and disease profile. BostonGene’s mission is to enable physicians to provide every patient with the highest probability of survival through optimal cancer treatments using advanced, personalized therapies
  • Rapidus — Rapidus is an Electronic component research, development, design, production, and sales that includes semiconductor elements and integrated circuits. Environmentally friendly, energy-saving semiconductors and semiconductor manufacturing technology are being researched and developed. Human resource development and training for the semiconductorsector.
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GMC coLABS
VC Fund · 1 investments in Tanzania startups

Investment focus

  • Industry: B2B, Mobile, Consumer
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Tanzania

Investor stats

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

Portfolio highlights

  • Taimba Limited — Taimba is a B2B mobile-based platform connecting farmers to urban traders with aim of reducing food wastage and to stabilize market prices.
  • WomenChoice Industries — WomenChoice Industries is a manufacturer and distributor of low-cost, affordable, reusable sanitary towels.
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Sanofi
VC Fund · Paris, Ile-de-France, France · 1 investments in Tanzania startups, 13 in the past 12 months

We provide potentially life-changing treatments and the protection of life-saving vaccines to millions of people

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Post-IPO Equity, Series B, Series A
  • Geography: United States, France, China

Investor stats

  • Total investments: 47
  • Round size: Series A $2.7M–$400M; Series B $7.5M–$180M; Post-IPO Equity $3M–$200M
  • Lead/follow: 49% lead, 51% follow

Portfolio highlights

  • Altesa
  • Sensorion — Sensorion, a Clapiers, France-based biopharmaceutical company specifically dedicated to the development of innovative and targeted therapeutic solutions to treat vestibular deficits.
  • Earendil Labs — Transforming protein therapeutics discovery with next-generation AI, deep learning, and high-throughput biology.
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AAIC Investment
VC Fund · Singapore, Central Region, Singapore · 1 investments in Tanzania startups

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

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Investment focus

  • Industry: Health Care, Medical, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Kenya, Egypt, Nigeria

Investor stats

  • Total investments: 25
  • Round size: Seed $450k–$12M; Series A $3M–$794M; Series B $16M–$40M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Aumet — Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests.
  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
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Acrew Capital
VC Fund · San Francisco, California, United States · 1 investments in Tanzania startups

Defining the future of venture.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: United States, Mexico, United Kingdom

Investor stats

  • Total investments: 158
  • Round size: Seed $2.5M–$12M; Series A $10M–$35M; Series B $25M–$79M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $450M in 2021

Portfolio highlights

  • HYCU — HYCU is a global leader in multi-cloud backup as a service. We aim to simplify data protection, storage, and recovery for businesses. Learn More!
  • Kettle — Kettle is an underwriting platform built for the modern world
  • Finix — Finix Payments is a payment infrastructure platform that gives businesses an alternate way to own, manage, and monetize their entire payments experience without the headaches or expenses associated with building an in-house system from scratch. Payments are the lifeblood of every business, and it is critical to company revenue and customerexperience that companies get the underlying technology right. Through its Visa partnership, Finix also facilitates real-time push-to-card payments.The company was founded in 2015 and is headquartered in San Francisco, California.
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Bessemer Venture Partners
VC Fund · Redwood City, California, United States · 1 investments in Tanzania startups

We partner with audacious entrepreneurs building enduring businesses.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 1208
  • Round size: Series A $5M–$34M; Series B $9.8M–$58M; Series C $10M–$100M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $3.9B in 2022

Portfolio highlights

  • Waymo — Waymo stands for a new way forward in mobility. it is a self-driving technology company with a mission to make it safe and easy for people and things to move around.Waymo improves transportation by building software and sensor technology developed in Google’s labs since 2009. In October 2015, they achieved the world’s first fully self-drivingtrip on public roads, in a car without a steering wheel or pedals. They refine Waymo technology through one billion miles of simulation testing each year, and the cars have self-driven over two million miles on public roads across four U.S. cities.It was founded in 2009 and is located in Mountain View, California.
  • Formally — Formally is a platform for legal collaboration. We leverage intelligent technology with behavioral science to create a whole new category of legal tech. And it all starts with immigration.
  • Affirmed Networks — Affirmed's fully virtualized, cloud-native solutions allow operators to transform the economics of deploying and scaling 3G, 4G, 5G, and Wi-Fi mobile services.
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Catalytic Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Tanzania startups

Catalytic Africa is an initiative by ABAN and AfriLabs, supported by AFD and Digital Africa.

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Investment focus

  • Industry: Financial Services, Apps, Retail
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Benin, Uganda, Nigeria

Investor stats

  • Total investments: 9
  • Round size: Pre-Seed $200k–$1.5M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Koree — Launched in September 2022, the app has completed nearly 20,000 orders, has over 40 partner brands on board and accumulated over 5000 users till date. Koree lets merchants return consumers' spare change in their wallet directly at the till, to tackle the spare change issue. Cashback is an easy way for consumers to earn cash. They shop asusual and earn a certain percentage of the amount they have spent. What customers save in their Koree wallet is hard cash that can be utilized as per their own discretion in the stores they have collected it from. Koree is the only app that lets customers earn cashback on top of any payment method: cash, mobile money or bank cards!
  • FedaPay — Acceptez les paiements mobiles sur votre site web et application mobile
  • Itot Africa
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Whole Foods Market Foundation
VC Fund · Austin, Texas, United States · 1 investments in Tanzania startups, 24 in the past 12 months

Whole Foods Market Foundation, a 501(c)(3) nonprofit founded by Whole Foods Market and based in Austin, Texas, unites the efforts of Whole Cities, Whole Kids, and Whole Planet initiatives launched since 2005. In 2024, these programs merged under the Foundation to streamline its mission of nourishing people and the planet through better nutritionaccess and financial stability opportunities. ​

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Investment focus

  • Industry: Non Profit, Education, Agriculture
  • Stage:Grant, Debt Financing
  • Geography: United States, Senegal, United Kingdom

Investor stats

  • Total investments: 50
  • Round size: Grant $50k–$570k; Debt Financing $67k–$449k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Semilla Nueva — New Seed fights malnutrition & poverty by providing affordable, nutritious corn seeds and supporting sustainable farming in vulnerable communities.
  • Food for Education — Food for Education provides subsidized quality lunch meals to schoolchildren in order to improve nutrition and educational outcomes. The company was founded in 2012 by Wawira Njiru.
  • School Food Matters — School Food Matters teach children about food and improve their access to healthy, sustainable food during their time at school. The company provides fully-funded food education programs to schools, such as cooking, growing, farm visits, and more. Delivering these programs informs and strengthens the organizations' campaigns, bringing thevoices of children, parents, and teachers to government policy. School Food Matters was founded in 2007 and is based in London.
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Nordic Impact Funds
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Tanzania startups

Local network Sharing experience to make opportunities for jobs and income. Private Equity that will create positive impact in East Africa

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Investment focus

  • Industry: Software, AgTech, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Uganda, Tanzania

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $300k–$1.5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • REXIAL — REXIAL is automating direct debit by enabling merchants to collect recurring payments from their customers securely via ACH payments at a fraction of fees on credit or debit cards.
  • MazaoHub — MazaoHub is a AI-powered end-to-end farm management company.
  • ChapChap Africa — ChapChap Africa develops software that aims to help improve service delivery to under-served communities. ChapChap is a smartphone powered platform that’s helping small businesses stay afloat and thrive by introducing them to the digital age of doing business.
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Acacia Venture Capital Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in Tanzania startups

Acacia is a cross border investment manager, specialising in private market investments. The team is composed of a diverse and international group that is primarily based in Shanghai.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Mexico, Colombia

Investor stats

  • Total investments: 18
  • Round size: Seed $1.5M–$8.2M; Pre-Seed $500k–$500k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Menza — Menza is a data analytics platform that generates interactive dashboards and proactive insights using AI.
  • Reacher — Reacher is an AI platform that streamlines creator discovery, outreach, campaign management, and analytics for TikTok Shop affiliates.
  • Karumi — Karumi is an AI agent that joins a live video call with your prospects to deliver personalized product demos, 24/7, in any language.
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Mercy Corps Ventures
VC Fund · Portland, Oregon, United States · 1 investments in Tanzania startups

Mercy Corps Ventures invests in and catalyzes venture-led solutions to increase the resilience of underserved individuals and communities. Founded in 2015 as the impact investing arm of global development agency, Mercy Corps, supports over 57 early-stage ventures to scale and raise over $515 million in follow-on capital. Their portfolio centersaround resilience-building solutions in adaptive agriculture and food systems, inclusive climate fintech, and climate-smart technologies so that those living in frontier markets can withstand disruption and plan for the future. Through capital and support, piloting new approaches, action-oriented insights, and rigorously managing impact, they catalyze the ecosystem toward smarter, more impactful investments.

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $330k–$5.3M; Pre-Seed $100k–$7M; Series A $2.5M–$35M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Agruppa — Agruppa leverages mobile phone technology to empower small food vendors in low income neighborhoods by providing them with fruits and vegetables at wholesale prices.
  • Meridia — De-risk the sourcing, procurement, trading & compliance of commodities under the EUDR.
  • PowerLabs — PowerLabs is an energy and climate technology research and implementation company whose goal is to use intelligent energy to build a world where human output is boundless.
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Bill & Melinda Gates Foundation
VC Fund · New York, New York, United States · 1 investments in Tanzania startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Grant, Series A, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 271
  • Round size: Grant $499k–$12M; Series A $2.3M–$60M; Series B $5M–$85M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • BioNTech — BioNTech is a next-generation immunotherapy company pioneering novel therapies for cancer and other serious diseases. It contains several classes of drugs, including mRNA-based drugs to encode antigens, neoantigens, cytokines, and antibodies; cell therapies; bispecific antibodies; and antibody-drug conjugates.
  • Schrödinger — Schrödinger’s industry-leading computational platform facilitates the research efforts of biopharmaceutical and industrial companies, academic institutions and government laboratories worldwide. Schrödinger also has wholly-owned and collaborative drug discovery programs in a broad range of therapeutic areas.Schrödinger is deeply committed toinvesting in the science and talent that drive its computational platform. Schrödinger was founded in 1990, has over 700 employees and is engaged with customers and collaborators in more than 70 countries. To learn more visit www.schrodinger.com.
  • Aspen Pharmacare — Aspen is a global specialty and branded multinational pharmaceutical company with a presence in both emerging and developed markets
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Warioba Ventures
VC Fund · Dar Es Salaam, Dar es Salaam, Tanzania · 1 investments in Tanzania startups

Warioba Ventures is an investment and advisory firm.

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Investment focus

  • Industry: Health Care
  • Stage:Seed
  • Geography: Tanzania

Investor stats

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

Portfolio highlights

  • 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.
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Pontem Ventures
VC Fund · Dar Es Salaam, Dar es Salaam, Tanzania · 1 investments in Tanzania startups

Pontem Ventures are a strategic investment vehicle that identifies, vets and invests in industry agnostic growth businesses.

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Investment focus

  • Industry: Health Care
  • Stage:Seed
  • Geography: Tanzania

Investor stats

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

Portfolio highlights

  • 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.
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Pearl Capital Partners
VC Fund · Kampala, Kampala, Uganda · 1 investments in Tanzania startups

Pearl Capital Partners is a specialist agriculture investment firm that has been investing in small and medium sized East African agribusinesses since 2005. Pearl Capital Partners investments generate financial returns for our investors while creating significant social impact. Pearl Capital Partners success is derived from working with ambitiousmanagement teams, providing supportive investment structures and specialist expertise that create high-growth agribusinesses.

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Investment focus

  • Industry: Agriculture, Farming, Food Processing
  • Stage:Private Equity, Debt Financing, Seed
  • Geography: Uganda, Kenya, Malawi

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$2.1M; Debt Financing $5k–$650k; Private Equity $18k–$2.6M
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Enimiro — Enimiro is creating an online farming platform in form of a mobile App to connect Ugandan smallholder farmers with local investors to increase harvest while enabling urban people to invest into farming and earn proceeds at just a click of a button.
  • Kamp Feed — Kamp Feed is a food producer of nutritional animal feeds that specializes in pelleted animal feeds.
  • Newman Foods — Newman Foods is an agro-processing company that manufactures, exports, and supplies a comprehensive range of fresh agricultural products. Newman Foods Ltd is a Kampala-based agro-processing company whose primary business is producing and marketing branded consumer foods sold through retail stores in the local and the regional market, as well asaggregation and export of fresh fruits and vegetables (FFV) to the European market.
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Shine Capital
VC Fund · New York, New York, United States · 1 investments in Tanzania startups

Shine is an early-stage venture capital firm that partners with creative, convincing, relentless entrepreneurs to build iconic businesses.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 68
  • Round size: Seed $3.5M–$18M; Series A $12M–$25M; Series B $10M–$71M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Mentra — Mentra tackles systemic inequality by economically empowering underserved communities. We’re erasing the stigma around Disability Hiring with our recruiting platform that matches neurodiverse talent with inclusive employers.Our mission is to bring neurodiversity to the workplace - providing employers with thought diversity & job seekers witheconomic opportunity
  • Rose Rocket — Rose Rocket's transportation management software (TMS) helps trucking companies and freight brokers improve visibility, collaboration, and efficiency.
  • iVerify — IVerify is a mobile threat hunting company that provides mobile security solutions for individuals who want to know they can trust their devices with their most sensitive information without sacrificing privacy.
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AXIAN
VC Fund · Antananarivo, Antananarivo, Madagascar · 1 investments in Tanzania startups

AXIAN is a pan-African group that specializes in real estate, telecom, financial services, energy, and innovation.

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Investment focus

  • Industry: Payments, Financial Services, SaaS
  • Stage:Seed, Series A
  • Geography: Kenya, Canada, Tanzania

Investor stats

  • Total investments: 4
  • Round size: Seed $4M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • PayTic — PayTic enables payments issuers to manage their card programs by providing dedicated back-office solutions that streamline the end-to-end operations in customer support, chargebacks, fraud, AML, reporting, and reconciliation. Our proprietary solutions are unique in automating and centralizing the program management processes, regardless of thenumber of processors and the payment networks involved in the payments products. We impact payments providers by eliminating the defragmented and manual processes and replacing them with a SaaS platform that increases proactivity, mitigates risks, and delivers value. It reduces the burn rate to near 0 in operational costs and offers an unprecedented competitive advantage. PayTic is introducing the Zero Ops model in managing payments.
  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • 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.
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Accion Ventures
VC Fund · Washington, District of Columbia, United States · 1 investments in Tanzania startups

Accion Ventures is an investment strategy that today pursues early-stage investments as part of Accion Impact Management.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Series B
  • Geography: India, United States, Mexico

Investor stats

  • Total investments: 127
  • Round size: Seed $500k–$6.5M; Series A $2.6M–$33M; Series B $8M–$30M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.
  • Cashinvoice — Cashinvoice connects supply chain stakeholders and digitises invoice-to-cash processes to unlock working capital trapped within supply chains and accelerate business growth
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Beyond Capital
VC Fund · New York, New York, United States · 1 investments in Tanzania startups

Beyond Capital Fund is an evergreen impact investment fund that invests in for-profit, early-stage companies in East Africa and India. The fund invests in companies that aim to improve access to health care, sanitation, clean energy, agriculture and food security, and financial inclusion, all of which can help consumers at the bottom of theeconomic pyramid live better lives. Despite the fact that the fund seeks market-rate financial returns, Beyond Capital is structured as a nonprofit, allowing the organization to emphasize fidelity to its social mission alongside its financial mandate.Beyond Capital, headquartered in New York, was established in 2009.

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Investment focus

  • Industry: Health Care, Medical Device, Financial Services
  • Stage:Seed, Pre-Seed, Series B
  • Geography: India, United States, Egypt

Investor stats

  • Total investments: 27
  • Round size: Seed $357k–$4M; Pre-Seed $800k–$1.5M; Series B $20M–$44M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Wellth — Improve quality scores, reduce high cost utilization, address health equity, and improve member satisfaction by using the right incentive at the right time to create life-changing healthy habits through Wellth.
  • Floworks AI — Deploy AI agents that prospect, personalise emails, handle replies and book meetings 24/7. Floworks AI replaces repetitive SDR work so your team closes more deals.
  • Haqdarshak — Made with Framer
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VentureSouq
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Tanzania startups

VentureSouq (VSQ) is a MENA-based venture capital fund manager with a global portfolio. VSQ manages thematic funds, with a current focus on FinTech and ClimateTech.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Arab Emirates, Saudi Arabia

Investor stats

  • Total investments: 168
  • Round size: Seed $250k–$9M; Series A $6M–$37M; Series B $6M–$50M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

  • Inovat — Travellers have to stand hours in the queues and get charged hidden fees to receive Tax refund that they are entitled to. They change that. With Inovat, get the best Tax Free experience that you deserve.
  • Orbii AI — Our AI enriches & analyses borrower data, helping you make credit decisions in minutes. Accelerate your business loan Underwriting decisons.
  • Siin — E-commerce Marketplace
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DST Global
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Tanzania startups

DST Global is an investment firm that focuses on late-stage ventures in the Internet sector. The firm has invested in several rapidly growing companies. Its offices are in Menlo Park, New York, London, Beijing, and Hong Kong. The firm was founded in 2009 by Yuri Milner, Saurabh Gupta, John Lindfors, Rahul Mehta, and Tom Stafford.

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Investment focus

  • Industry: FinTech, E-Commerce, Financial Services
  • Stage:Series B, Series C, Series A
  • Geography: United States, China, India

Investor stats

  • Total investments: 279
  • Round size: Series A $10M–$80M; Series B $20M–$180M; Series C $44M–$900M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • ofo — Ofo is a “station-free” bike-sharing platform operated via an online mobile application. It is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip. To date, ofo has connected more than 10 million bikes to over 200 millionusers in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 6 billion efficient, convenient, green rides.The ofo platform is easy to use. After downloading the ofo mobile phone app (iOS/Android), users may scan the QR code or enter the plate number displayed on each bike to receive a passcode and unlock it. Its bike-sharing system requires no docking stations, providing significant flexibility for users to find and return bikes anywhere, anytime. Once they reach their destination, the user may park the bike anywhere that is legitimate, convenient, and easy for the next user to access. But ofo does more than help commuters and travelers access bikes for getting around their cities. As a partner of the UN Development Programme, they are focused on achieving Global Sustainability Goals and promoting green and healthy living, and they have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.
  • Waymo — Waymo stands for a new way forward in mobility. it is a self-driving technology company with a mission to make it safe and easy for people and things to move around.Waymo improves transportation by building software and sensor technology developed in Google’s labs since 2009. In October 2015, they achieved the world’s first fully self-drivingtrip on public roads, in a car without a steering wheel or pedals. They refine Waymo technology through one billion miles of simulation testing each year, and the cars have self-driven over two million miles on public roads across four U.S. cities.It was founded in 2009 and is located in Mountain View, California.
  • Flexport — Cut costs, automate workflows, reliably move goods, go carbon-neutral, and improve your supply chain from end to end. It all starts here.
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Japan International Cooperation Agency
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Tanzania startups, 6 in the past 12 months

The Japan International Cooperation Agency (JICA) is advancing its activities around the pillars of a field-oriented approach, human security, and enhanced effectiveness, efficiency and speed.

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Investment focus

  • Industry: Financial Services, Finance, Renewable Energy
  • Stage:Debt Financing, Post-IPO Debt, Series C
  • Geography: Vietnam, Japan, United Arab Emirates

Investor stats

  • Total investments: 18
  • Round size: Series C $3M–$40M; Post-IPO Debt $176M–$350M; Debt Financing $8M–$415M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Infinity Power — Infinity Power is a renewable energy company that offers solar, battery storage, and grid infrastructure solutions.
  • Ecom Agroindustrial — ECOM Agroindustrial Corp. Ltd is a leading global commodity merchant and sustainable supply chain management company. As an origin-integrated business operating in 35 major producing countries worldwide, ECOM focuses primarily on coffee, cotton, and cocoa, as well as participating in selected other agricultural
  • Ambiental MS Pantanal — Ambiental MS Pantana is Brazil’s largest private sanitation enterprise.
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VC funding in Tanzania at a glance

Stats across 113 deals from 134 investors.

134
investors
in Tanzania startups
113
deals
in Tanzania startups
$1M
median round
in Tanzania startups
41%
lead investors
lead at least one round
19%
Seed
most common funding stage

Access all 134 VC funds in Tanzania startups.

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