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Top 50 VC Funds & Investors in Zambia (October 2026)

The most active venture capital funds investing in Zambia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Zambia startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Amano Capital
VC Fund
9 Zambia, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Software, Logistics, Agriculture
Kukula Capital
VC Fund
6 Zambia, United States Seed, Private Equity Finance, Financial Services, Advice
Ground Squirrel Ventures
VC Fund
6 United States, Kenya, Zambia Seed, Venture - Series Unknown, Series A Financial Services, FinTech, Finance $125k–$48M
EDFI ElectriFI
VC Fund
3 United States, Kenya, France Debt Financing, Venture - Series Unknown, Series A Energy, Solar, Renewable Energy $114k–$30M
Enygma Ventures
VC Fund
3 South Africa, Zambia, Swaziland Seed, Venture - Series Unknown, Pre-Seed Financial Services, Lending, Beauty $150k–$1M
KFW DEG
VC Fund
2 India, Kenya, United States Debt Financing, Grant, Post-IPO Debt Financial Services, Energy, FinTech $100k–$820M
Ventures Platform
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4M
UNDP
VC Fund
2 South Africa, United States, Egypt Grant, Seed, Pre-Seed AgTech, E-Commerce, Agriculture $7k–$100k
Seedrs
VC Fund
2 United Kingdom, United States, Switzerland Seed, Equity Crowdfunding, Pre-Seed E-Commerce, Software, FinTech $44k–$3.4M
Inoks Capital
VC Fund
2 Zambia Series A Marketplace, Financial Services $8.3M–$11M
Alitheia IDF
VC Fund
2 Nigeria, South Africa, Ghana Venture - Series Unknown, Series A, Seed E-Commerce, Retail, Logistics $2.8M–$13M
The Todd & Rahul Angel Fund
VC Fund
2 United States, Zambia, Nigeria Seed, Series A, Pre-Seed Information Technology, Software, Artificial Intelligence $500k–$30M
Runa Capital
VC Fund
2 United States, Germany, France Series A, Seed, Series B Software, SaaS, Artificial Intelligence $1.2M–$20M
Catalytic Africa
VC Fund
2 Zambia, Cameroon, Tanzania Angel, Seed, Pre-Seed Apps, Online Portals, Financial Services $22k–$2M
ACE & Company
VC Fund
2 United States, Switzerland, United Kingdom Seed, Series A Software, Financial Services, FinTech $687k–$24M
Silverbacks Holdings
VC Fund
2 Nigeria, United States, Egypt Seed, Venture - Series Unknown, Series A FinTech, Financial Services, Finance $100k–$32M
Tiger Global Management
VC Fund
2 United States, India, China Series B, Series A, Series C Software, FinTech, Artificial Intelligence $6.5M–$255M
Vibe VC
VC Fund
2 United States, India, Zambia Seed, Pre-Seed, Series A Financial Services, Finance, Software $250k–$33M
AgDevCo
VC Fund
2 Zambia, Kenya, Ethiopia Debt Financing, Venture - Series Unknown Farming, Agriculture, AgTech $1.1M–$10M
Goneke Investment Group
VC Fund
2 Zambia Seed, Private Equity Energy, Oil and Gas, Project Management
Goodwater Capital
VC Fund
1 United States, India, South Korea Seed, Pre-Seed, Venture - Series Unknown Software, FinTech, Financial Services $125k–$105M
Shell Foundation
VC Fund
1 India, United States, Kenya Grant, Seed, Series A Energy, Financial Services, Solar $300k–$12M
Renew Capital
VC Fund
1 Uganda, Kenya, Ethiopia Pre-Seed, Seed Mobile Apps, Financial Services, Finance
Danish Investment Fund for Developing Countries
VC Fund
1 France, Zambia, Myanmar Venture - Series Unknown, Private Equity Energy, Renewable Energy, Water $5M–$16M
Opes Impact Fund
VC Fund
1 Italy, Kenya, India Venture - Series Unknown, Seed Communities, Agriculture, Energy $219k–$910k
EDFI Management Company
VC Fund
1 Zambia, Benin, Ghana Debt Financing, Series B, Venture - Series Unknown Renewable Energy, Energy, Solar $2.6M–$15M
InfraCo Africa
VC Fund
1 Kenya, India, France Seed, Series B Renewable Energy, Solar, Energy $1.5M–$28M
U.S. International Development Finance Corp
VC Fund
1 India, Kenya, United States Debt Financing, Post-IPO Debt, Venture - Series Unknown Financial Services, Finance, FinTech $1M–$1B
Zrosk Investment Management
VC Fund
1 Nigeria, United Kingdom, United States Seed, Pre-Seed, Series A FinTech, Financial Services, Finance $200k–$33M
Growth Investment Partners
VC Fund
1 Ghana, Zambia Debt Financing, Private Equity Mining, Farming, Mineral
Launch Africa
VC Fund
1 Nigeria, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Information Technology $200k–$4M
Twilio
VC Fund
1 United States, Egypt, Brazil Series A, Seed, Series B Artificial Intelligence, Software, Machine Learning $195k–$40M
Inside Capital Partners
VC Fund
1 Zambia, Mauritius, Madagascar Private Equity, Venture - Series Unknown, Series A Manufacturing, Plastics and Rubber Manufacturing, Hotel $1.5M–$15M
Tamboti Circle
VC Fund
1 Zambia Pre-Seed
Zenga Ventures
VC Fund
1 Zambia Seed Apps, Software, Business Information Systems
Atom CTO
VC Fund
1 Zambia Seed Apps, Education, E-Learning
Jordan Engineering
VC Fund
1 Zambia Seed Agriculture, Financial Services
bettervest GmbH
VC Fund
1 Zambia Debt Financing Energy, Information Technology, Social Entrepreneurship
Oikocredit International
VC Fund
1 India, Nigeria, Kenya Debt Financing, Series B Financial Services, Finance, FinTech $1.5M–$24M
Acumen
VC Fund
1 United States, India, Kenya Seed, Venture - Series Unknown Agriculture, Solar, Farming $300k–$7.4M
Patrick J. McGovern Foundation
VC Fund
1 United States, United Kingdom, Switzerland Grant, Seed, Pre-Seed Non Profit, Education, Health Care $100k–$750k
Finnfund
VC Fund
1 Kenya, India, South Africa Debt Financing, Venture - Series Unknown, Series B Financial Services, Energy, FinTech $2.1M–$137M
Blockchain Founders Fund
VC Fund
1 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$6M
LoftyInc Capital
VC Fund
1 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
TLG Capital
VC Fund
1 Nigeria, United Kingdom, Uganda Debt Financing, Private Equity, Venture - Series Unknown Financial Services, Finance, Banking $3M–$600M
Goodwell Investments
VC Fund
1 Nigeria, South Africa, Kenya Series A, Series B, Venture - Series Unknown FinTech, Financial Services, Banking $140k–$26M
Torrey Pines Investment
VC Fund
1 United States, Russian Federation, The Netherlands Seed, Pre-Seed Biotechnology, Health Care, Pharmaceutical $3M–$3.1M
Not Boring Capital
VC Fund
1 United States, Canada, Zambia Seed, Series A, Pre-Seed Software, FinTech, Cryptocurrency $400k–$32M
Earl Grey Capital
VC Fund
1 United States, India, Canada Seed, Pre-Seed, Series A Information Technology, SaaS, Software $1M–$14M
Global Partnerships/Eleos Social Venture Fund
VC Fund
1 Kenya, Uganda, Zambia Series A, Series B, Seed Agriculture, Farming, Organic $2.1M–$10M
Access all 125 VC funds in Zambia startups.

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

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Investor list

Amano Capital
VC Fund · Lusaka, NA - Zambia, Zambia · 9 investments in Zambia startups

An advisory-brokerage firm that bridges the gap between opportunity and capital in the SME market in Zambia.

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Investment focus

  • Industry: Software, Logistics, Agriculture
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Zambia, South Africa, United States

Investor stats

  • Total investments: 12
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • EduPay — Edupay provides affordable education loans with flexible repayment, ensuring uninterrupted learning.
  • Explorer School — Explorer School is an online primary and secondary school that offers educational programs.
  • Likota Furniture — Proudly Zambian business specialized in handcrafted, sustainable furniture.
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Kukula Capital
VC Fund · Lusaka, NA - Zambia, Zambia · 6 investments in Zambia startups

Kukula Capital is a leading venture finance and private equity firm in Zambia. The company operates under two main business areas: Fund Management and Advisory. They act as fund manager to their two venture funds: Kukula Fund I and Kukula Seed Fund. Through the funds, Kukula Capital invests in Zambian growth companies with capital and expertise.With offices in Lusaka and Solwezi they have a strong local understanding and network which enables Kukula to identify companies with attractive long-term growth prospects, securing a strong deal flow. Their aim is to build a diversified portfolio of investments and provide exceptional financial and social returns for their investors whilst creating long-term value for the portfolio companies. Through their advisory services, they enable investors to invest alongside Kukula Fund investments and allow international companies to penetrate the Zambian market.The name Kukula is associated with growth in the local dialects of Zambia. Kukula Capital is a Joint Venture between Danish and Zambian partners and was founded in 2009. The company is regulated by the Securities and Exchange Commission of Zambia

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Investment focus

  • Industry: Finance, Financial Services, Advice
  • Stage:Seed, Private Equity
  • Geography: Zambia, United States

Investor stats

  • Total investments: 7
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Inde Credit — Business Finance Solutions for Zambian SMEs. We help Zambian SMEs and other businesses providing goods and services in the mining, transportation, construction, manufacturing, agriculture and other related sectors.
  • Dot Com Zambia — Book Now Zambia Ltd was established in 2015 as a wholly owned subsidiary of Dot Com Zambia, an award winning Zambian ICT company that was launched in 2009 .
  • Eagle Metal Fabrication — Eagle Metal Fabrication offers metal fabrication and machining services.
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Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 6 investments in Zambia startups

Seed round investment in frontier markets and clean energy

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Kenya, Zambia

Investor stats

  • Total investments: 71
  • Round size: Seed $400k–$3M; Series A $1.8M–$5M; Venture - Series Unknown $125k–$48M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Grapevine — Grapevine makes it possible for groups to invite members, collect and distribute donations, establish a community and connect with nonprofits.
  • Untapped Global — Untapped connects global investors, and foreign capital to opportunities in emerging markets. Delivering competitive returns, and measurable impact for global investors.
  • Necessary Ventures — We invest in what the world needs.
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EDFI ElectriFI
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Zambia startups

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Venture - Series Unknown, Series A
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 68
  • Round size: Series A $2.2M–$30M; Debt Financing $114k–$10M; Venture - Series Unknown $1.6M–$16M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • BURN — Experience clean, safe, and affordable cooking with BURN's innovative cookstoves. Impact lives, reduce emissions, and enjoy delicious meals. Shop now!
  • GOGO Electric — Bodawerk is an innovations and engineering company. Our products are created to serve the needs of people at the bottom of the pyramid.
  • MyJouleBox — MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.
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Enygma Ventures
VC Fund · Cape Town, NA - South Africa, South Africa · 3 investments in Zambia startups

Enygma Ventures is an investment fund for female entrepreneurs and women founders, focused on Southern Africa or SADC. Unlike traditional private equity, venture capital, and banks our team is full of award winning entrepreneurs who understand the same struggles you face first hand.

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Investment focus

  • Industry: Financial Services, Lending, Beauty
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: South Africa, Zambia, Swaziland

Investor stats

  • Total investments: 14
  • Round size: Seed $150k–$1M; Venture - Series Unknown $230k–$457k
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • Pranary — The practical business school for entrepreneurs
  • The Good Mineral — The Good Mineral is award-winning, vegan makeup designed for acne prone, sensitive skin - enjoy natural glowing lightweight coverage - free from preservatives, fragrance, talc, oils, waxes and dyes.
  • PremierCredit Zambia — PremierCredit is an international financial technology company that operates an online microlending and investment platform in Sub-Saharan Africa's emerging markets. The Financial Services Commission (FSC) has licensed and regulated the company, allowing them to provide inclusive financial services throughout Africa.
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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Zambia startups

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Grant, Post-IPO Debt
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 127
  • Round size: Grant $100k–$1.1M; Post-IPO Debt $12M–$820M; Debt Financing $15M–$350M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Combio Energia — ComBio Energia Provide energy generation solutions with renewable sources, creating, growing, and long-term economic value. They develop projects for steam generation and cogeneration of electricity with biomass, which promote environmental improvements and significant cost reductions for customers in the industrial segment. They offer, based on adetailed analysis of the needs of each customer, a dedicated energy solution, adapted to their consumption profile.
  • MSU Green Energy — MSU Green Energy is a solar investment company that develops renewable energy and solar projects.
  • Banco de Occidente, S.A. — Banco de Occidente is the fifth largest bank in Colombia by asset level and portfolio at June 30, 2016. It has national coverage and a portfolio of integrated products and services, offered through a network of 241 offices and 336 ATMs 9,671 banking correspondents and other features.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 2 investments in Zambia 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: 173
  • Round size: Seed $100k–$4M; Pre-Seed $100k–$2M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fresh fund, raised $84M in 2025

Portfolio highlights

  • Myka.Insure — Myka is a insurance sales platform that enables individuals to sell insurance policies to their family, friends, colleagues, and community while earning income . It operates as a micro-entrepreneurship program where anyone (students, gadget sellers, car dealers, parents, retirees) can start their own insurance business with zero investment,flexible hours, and free training . The company is licensed by the National Insurance Commission of Nigeria and provides instant payouts to its partners .
  • Cybervergent — Cybervergent is a technology company that specializes in providing top-notch cybersecurity solutions to businesses and organizations.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
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UNDP
VC Fund · New York, New York, United States · 2 investments in Zambia startups

UNDP works to eradicate poverty and reduce inequalities through the sustainable development of nations, in more than 170 countries and territories.

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Investment focus

  • Industry: AgTech, E-Commerce, Agriculture
  • Stage:Grant, Seed, Pre-Seed
  • Geography: South Africa, United States, Egypt

Investor stats

  • Total investments: 17
  • Round size: Grant $25k–$100k; Pre-Seed $7k–$40k
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Amanleek — Amanleek, aims to simplify insurance services and make it more accessible for a wider base of individual and business customers through leveraging transparency, trust and innovation to deliver an enhanced experience for all parties involved through tech based solutions.
  • Medtech Africa — Medtech Africa is a Nigerian-based startup leveraging Artificial Intelligence and Apps to enable Cardiologists to treat and manage patients living with Cardiovascular Disease using the Patient's own data.The App, Forcardio, is a smart mobile & web application that seamlessly connects FDA-approved Bluetooth-enabled Cardiovascular devicesused by Patients through a mobile app to physician's tablet/device.Forcardio, eliminates the need for Cardiologists to use hundreds of apps to manage CVD. Forcardio App connects all CVD devices.We provide features such as AI analytics and Planning tools for Patient data for Cardiologist, emergency warning systems, on-demand video/voice call and management tools for CVD Patients.
  • Riwe — Grow. Get covered. Get paid. *347*820#
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Seedrs
VC Fund · London, England, United Kingdom · 2 investments in Zambia startups

Online investing opportunities in the best new startup businesses, and raise seed and angel investment, with top European equity crowdfunding site Seedrs.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Equity Crowdfunding, Pre-Seed
  • Geography: United Kingdom, United States, Switzerland

Investor stats

  • Total investments: 312
  • Round size: Seed $45k–$1.9M; Pre-Seed $44k–$488k; Equity Crowdfunding $125k–$3.4M
  • Lead/follow: 66% lead, 34% follow

Portfolio highlights

  • Laka — Laka is collective bicycle insurance especially for cyclists. We flipped insurance. By making it pay to pay out, we are the collective that backs each other. Protect your bikes and gear against theft & damage with Laka 5-star rated cycle insurance.
  • LANDBAY — Your dedicated Landbay intermediary page for specialist buy-to-let mortgages. Partner with a lender who gives you direct decisions with a flexible approach and a full online application process.
  • OurPetsLife — At OurPetsLife, our mission is to empower pet owners with innovative, reliable, and accessible Pet products trusted by the professionals. From dog food, supplements for pets, shampoo, pet treats, dental care & much more.
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Inoks Capital
VC Fund · Geneva, Geneve, Switzerland · 2 investments in Zambia startups

INOKS Capital is a FINMA regulated asset manager and one of the most experienced players in providing Impactful and Sustainable Alternative Credit

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Investment focus

  • Industry: Marketplace, Financial Services
  • Stage:Series A
  • Geography: Zambia

Investor stats

  • Total investments: 2
  • Round size: Series A $8.3M–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lupiya — Lupiya is a financial technology company that provides digital lending services designed to help individuals and small businesses access short-term credit and installment financing. The platform offers mobile-accessible loans that can be used for expenses such as personal needs, business cash flow, or emergency payments, using an online applicationprocess that evaluates creditworthiness through alternative data and behavioral indicators. Lupiya’s services include flexible repayment schedules, automated disbursement, and electronic account management so users can monitor balances and repayment activity within the app or web interface. The company also offers tools for budgeting and payment reminders to support borrowers in managing their credit obligations. Through integrations with local payment networks and banking partners, Lupiya facilitates secure fund transfers and compliance with financial regulations. Its lending infrastructure is tailored to expand access to credit for underserved populations and small enterprises that may have limited access to traditional banking services.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Alitheia IDF
VC Fund · Moka, Moka, Mauritius · 2 investments in Zambia startups

Alitheia IDF is investing in dynamic and growing businesses throughout Africa. By investing in teams that recognize the importance of gender diversity the firm generates superior financial returns and impact.

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Investment focus

  • Industry: E-Commerce, Retail, Logistics
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Nigeria, South Africa, Ghana

Investor stats

  • Total investments: 12
  • Round size: Seed $2.8M–$13M; Series A $3M–$11M; Venture - Series Unknown $4.5M–$5M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • Lupiya — Lupiya is a financial technology company that provides digital lending services designed to help individuals and small businesses access short-term credit and installment financing. The platform offers mobile-accessible loans that can be used for expenses such as personal needs, business cash flow, or emergency payments, using an online applicationprocess that evaluates creditworthiness through alternative data and behavioral indicators. Lupiya’s services include flexible repayment schedules, automated disbursement, and electronic account management so users can monitor balances and repayment activity within the app or web interface. The company also offers tools for budgeting and payment reminders to support borrowers in managing their credit obligations. Through integrations with local payment networks and banking partners, Lupiya facilitates secure fund transfers and compliance with financial regulations. Its lending infrastructure is tailored to expand access to credit for underserved populations and small enterprises that may have limited access to traditional banking services.
  • Seamfix — Seamfix’s end-to-end electronic ID and credentials software solutions address the lack of digital ID systems for 30+ African countries and over 250M individuals, providing access to credit, banking, and other essential services for large parts of populations.
  • Alma Clinics — ALMA CLINICS Primary Healthcare with Advanced Blockchain, AI technology. BEST Clinic providing affordable healthcare, Soweto, Johannesburg, South Africa.
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The Todd & Rahul Angel Fund
VC Fund · San Francisco, California, United States · 2 investments in Zambia startups

Backed by 110+ world-class founders and operators. We help you find product/market fit faster, supercharge your distribution, and raise from the best investors.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Zambia, Nigeria

Investor stats

  • Total investments: 19
  • Round size: Seed $3M–$30M; Pre-Seed $500k–$3.8M; Series A $6M–$21M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely actively investing — fresh fund, raised $29M in 2025

Portfolio highlights

  • Vulture Labs — Transforming your existing CCTV into your Most Powerful Operational Tool.
  • TRIC Robotics — TRIC Robotics develops an autonomous, non-chemical pesticide alternative for strawberry farms. The company was founded in 2017 and is headquartered in Newark, DE.
  • Pilot Protocol — Network OS for AI Agents
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Runa Capital
VC Fund · Palo Alto, California, United States · 2 investments in Zambia startups

Runa Capital is a global venture capital firm built by serial entrepreneurs that invests in early-stage software startups around the world...

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United States, Germany, France

Investor stats

  • Total investments: 161
  • Round size: Seed $1.2M–$10M; Series A $1.5M–$15M; Series B $2.5M–$20M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $69M in 2020

Portfolio highlights

  • Enlightra — Extreme-bandwidth data transmission enabled by light
  • Axiom Trust — Axiom Trust is an AI-powered trust startup that modernises professional trust administration during the "Great Wealth Transfer" of over $100 trillion in assets.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Catalytic Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Zambia startups

Co-matching fund platform supporting startups and angel networks across Africa.

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Investment focus

  • Industry: Apps, Online Portals, Financial Services
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Zambia, Cameroon, Tanzania

Investor stats

  • Total investments: 22
  • Round size: Seed $65k–$2M; Angel $22k–$90k; Pre-Seed $60k–$1.5M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Figorr — Figorr is your go-to, for accessing reliable information on temperature, humidity, and location. Experience the next generation of data-driven insights with Figorr today.
  • Sumet Technologies — Sumet is a transforming the distribution of essential goods across the african continent.
  • TileGreen — TileGreen is a manufacturing technology company that invented a patented, machine-learning-based, and automated thermomechanical modular technology (TG1.0) that acts as a platform for producing more than 100 circular, economic, and durable building materials (recycled-polymer-aggregate-composite) from all types of mechanically unrecyclable plasticwaste at a green discount, not a green premium. Re-PAC material doesn’t crack, rot, rust, erode, or interact with chemicals, which makes it a durable, economical, and green alternative for multiple concrete, clay, wood, and metal non-structural applications.
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ACE & Company
VC Fund · Geneva, Geneve, Switzerland · 2 investments in Zambia startups

ACE & Company is a Geneva-based private equity and venture capital firm with more than $2.0 billion in assets under management and over 20 years of experience.

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Investment focus

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

Investor stats

  • Total investments: 191
  • Round size: Seed $687k–$6.4M; Series A $3.4M–$24M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely actively investing — fresh fund, raised $143M in 2026

Portfolio highlights

  • Roofr — The complete sales toolbox for roofers. From roof measurement reports to project-winning proposals.
  • Vennre — Build wealth through vetted private market opportunities from $5k. GCC-first, globally accessible. Regulated, Sharia-compliant, digital-first.
  • DiPonio Contracting — DiPonio Contracting is an infrastructure maintenance and construction company. It offers new and replacement upgrades for aged and existing water, wastewater, and storm sewer systems.
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Silverbacks Holdings
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Zambia startups

Silverbacks Holdings is a Mauritius-based private investment firm established in 2019, focusing on Africa-related companies in underserved industries such As technology, sports, entertainment, and the creative economy. The firm aims for returns averaging 2x to 5x on its investments and has achieved 9 profitable exits since its inception. Its portfolio includes over 240 companies across Africa, collectively valued at over $10 billion. Landmark investments include the Cape Town Tigers (2024 BAL semi-finalists), Forever7 Entertainment (Netflix content deals), and Moove (a global mobility fintech backed by Uber), and Wave (a mobile money and global remittance focused fintech backed by Stripe).

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Nigeria, United States, Egypt

Investor stats

  • Total investments: 65
  • Round size: Seed $200k–$8.3M; Series A $1.4M–$32M; Venture - Series Unknown $100k–$26M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Vanhu Vamwe — Vanhu Vamwe is a luxury accessory brand that creates handcrafted, sustainable handbags using traditional African crafts and eco-friendly materials.
  • The Rad Black Kids — The Rad Black Kids is a lifestyle and apparel company that specializes in fashion. The company’s main business includes selling clothing items such as hoodies, caps, t-shirts, and etc. It also offers a range of skate boards and vintage guitars. The Rad Black Kids was founded by Thulani Ngazimbi.
  • African Warriors Fighting Championship — African Warriors Fighting Championship is Africa's leading promoter of traditional combat sports: Dambe and Wrestling.
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Tiger Global Management
VC Fund · New York, New York, United States · 2 investments in Zambia startups, 32 in the past 12 months

Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossoverstrategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

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Investment focus

  • Industry: Software, FinTech, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 1414
  • Round size: Series A $6.5M–$54M; Series B $20M–$125M; Series C $30M–$255M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Gimlet Labs — Gimlet Labs is an applied research lab focused on building high performance AI systems.
  • Vecna Robotics — Vecna Robotics is the leading autonomous mobile robot (AMR) company that provides logistics automation and workflow optimization solutions.
  • Temporal Technologies — Build invincible apps with Temporal's open source durable execution platform. Eliminate complexity and ship features faster. Talk to an expert today!
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Vibe VC
VC Fund · 2 investments in Zambia startups

We were told no one would take us seriously as investors without a website, so here's our website.

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Investment focus

  • Industry: Financial Services, Finance, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Zambia

Investor stats

  • Total investments: 12
  • Round size: Seed $3M–$12M; Pre-Seed $250k–$4.5M; Series A $8M–$33M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $7.8M in 2022

Portfolio highlights

  • Carry — Ocho is everything you need to build wealth as a business owner.
  • Qene Games — Qene Games is an award-winning software development firm operating from Addis Abeba, Ethiopia. Founded in 2017, the company has been focused on developing and publishing video games while providing game development outsourcing, game art outsourcing, and other software development services.
  • Hone Health — Hone Health is a telehealth clinic that helps people improve healthspan through advanced biomarker testing, clinician-guided care, and personalized protocols.
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AgDevCo
VC Fund · London, England, United Kingdom · 2 investments in Zambia startups

AgDevCo is a social impact investor and agribusiness project developer, incorporated as a non-for-profit distribution, limited companyin.

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Investment focus

  • Industry: Farming, Agriculture, AgTech
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Zambia, Kenya, Ethiopia

Investor stats

  • Total investments: 20
  • Round size: Debt Financing $2M–$10M; Venture - Series Unknown $1.1M–$3M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • Victory Farms — Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.
  • Planting Naturals — Planting Naturals is a group of companies focused to the long-term production of organic products. Planting Naturals was founded by Kevin Godlington.
  • Hybrid Poultry Farm — Welcome to our Hybrid Poultry Farm. We breed high quality, robust and pre-vaccinated day old chicks making us Zambia's number one chick supplier. Talk to us.
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Goneke Investment Group
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in Zambia startups

Pioneering a century-long initiative to finance, build, and secure the critical industries that define national strength.

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Investment focus

  • Industry: Energy, Oil and Gas, Project Management
  • Stage:Seed, Private Equity
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • Saharan Oil & Gas Company — Saharan Oil & Gas Company Limited (formerly Hume Energy) is a conglomerate of project managers that provide energy solutions in Sub-Saharan Africa. Through our global network of partners we develop and apply Next Generation Technologies to help safely and responsibly address Africa’s growing energy deficit. Energy access influences comfort,safety, security, and human progress, touching every aspect of our lives. SOGCOL aims to evolve from a regional marketer to an advanced energy innovator and a global energy solutions provider. We aspire to be an industry leader in all aspects of energy production, transportation, distribution, and marketing. Our operations encompass identifying energy projects and facilitation of financing from research and development to promotion, marketing, and execution.
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Goodwater Capital
VC Fund · Burlingame, California, United States · 1 investments in Zambia startups

Consumer Tech Investors - We empower exceptional entrepreneurs everywhere to change the world for good.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, India, South Korea

Investor stats

  • Total investments: 913
  • Round size: Seed $850k–$7.5M; Pre-Seed $125k–$2.1M; Venture - Series Unknown $481k–$105M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fresh fund, raised $5M in 2025

Portfolio highlights

  • Kaon — Discover prompts and AI apps built by a global community, or publish your own. FlowGPT is an open platform for building and sharing with AI.
  • Pure — Pure Poker is a privately held fintech and software company that develops a legal, compliant, rake-free real-money online poker platform. Headquartered in San Francisco, California, the company replaces the traditional casino "house" model with a trusted, identity-verified social gaming network.
  • Wrtn Technologies — Bring AGI Close to People
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Shell Foundation
VC Fund · London, England, United Kingdom · 1 investments in Zambia startups

Shell Foundation is a philanthropic foundation that enables millions of people in Africa and Asia to increase their incomes with clean energy solutions.

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Investment focus

  • Industry: Energy, Financial Services, Solar
  • Stage:Grant, Seed, Series A
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 31
  • Round size: Seed $790k–$1.7M; Grant $300k–$5.5M; Series A $7M–$12M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Kofa — Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
  • Mufin Green Finance — Mufin Green Finance is an NBFC that specialises in the electric vehicle (EV) market.
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Renew Capital
VC Fund · Addis Ababa, Adis Abeba, Ethiopia · 1 investments in Zambia startups, 11 in the past 12 months

Renew Capital is an Africa-focused investment firm that addresses critical gaps for Africa’s growing businesses and connects them to a global network of impact investors.

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Investment focus

  • Industry: Mobile Apps, Financial Services, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Uganda, Kenya, Ethiopia

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Bosso — Bosso projects and realizes automation and robotic solutions for the growth of your business.
  • Chpter — Chpter is a software development company that offers fast billing and checkout to help start, run, and grow a business.
  • Level Africa — Digital Investment Marketplace for Africa
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Danish Investment Fund for Developing Countries
VC Fund · 1 investments in Zambia startups

Danish Investment Fund for Developing Countries

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Investment focus

  • Industry: Energy, Renewable Energy, Water
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: France, Zambia, Myanmar

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $5M–$16M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Eranove — The Eranove group counts more than 9000 employees all engaged in developping hydroelectric solutions to allow all the pan african citizens to access electricity and drinking water
  • Africa GreenCo — Our mission - addressing creditworthiness to increase generation and growth of renewable energy markets through partnerships and innovative solutions.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 1 investments in Zambia startups

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

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Investment focus

  • Industry: Communities, Agriculture, Energy
  • Stage:Venture - Series Unknown, Seed
  • Geography: Italy, Kenya, India

Investor stats

  • Total investments: 44
  • Round size: Seed $219k–$910k
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Refolo — Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again.
  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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EDFI Management Company
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Zambia startups

EDFI Management Company (EDFI MC) is a multilaterally owned impact asset manager which delivers innovative development finance solutions that enable European DFIs, development banks and private sector investors to increase the scale and impact of their work. The company focuses on business models, technologies and geographies where other investorshave not been able to operate at the desired scale given their resources and investment criteria. To learn more visit www.edfimc.eu.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Debt Financing, Series B, Venture - Series Unknown
  • Geography: Zambia, Benin, Ghana

Investor stats

  • Total investments: 10
  • Round size: Series B $7M–$15M; Debt Financing $3.3M–$9M; Venture - Series Unknown $2.6M–$4.2M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Sawa Energy — Sawa energy is an affordable, predictable solar electricity solution to power Rwandan businesses with clean and renewable energy.
  • Complete Farmer — Complete Farmer connects growers, buyers, and vendors with technology, support, and market access across Ghana and beyond.
  • 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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InfraCo Africa
VC Fund · London, England, United Kingdom · 1 investments in Zambia startups

As of 1 August 2025, infracoafrica.com and infracoasia.com content has been moved over to pidg.org.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Series B
  • Geography: Kenya, India, France

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$3.4M; Series B $9M–$28M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Afresco — The next generation in commercial and industrial (C&I) energy for Africa
  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
  • Mawingu Networks — Unlimited internet packages for your home and office. 24/7 customer support. Get connected today, starting from 2,500 per month!
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 1 investments in Zambia startups

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

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 129
  • Round size: Post-IPO Debt $5M–$468M; Debt Financing $6.7M–$390M; Venture - Series Unknown $1M–$1B
  • Lead/follow: 77% lead, 23% follow
  • Last fund: Likely still investing — raised $300M in 2024

Portfolio highlights

  • Kodak — A global technology company providing industry-leading products and services for commercial print, packaging, publishing, manufacturing and entertainment.
  • Bayport Management — Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.
  • Harena Rare Earths — Harena Rare Earths is a mineral exploration company. It focuses on the Ampasindava Ionic Clay Rare Earths Project in Madagascar, which contains 606,000 tonnes of Total Rare Earth Oxides (TREO). The company explores and develops critical magnet metals like neodymium, praseodymium, dysprosium, and terbium for use in clean energy, electronics, anddefense sectors.
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Zrosk Investment Management
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Zambia startups

Alternative investment solutions: private credit, discretionary portfolios, and the Magna Specialized Fund.

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Investment focus

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

Investor stats

  • Total investments: 30
  • Round size: Seed $1.3M–$5M; Pre-Seed $200k–$2.5M; Series A $7M–$33M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • PaidHR — PaidHR works with organizations to streamline how they manage their staff. Our precisely created solutions enable them to create the ideal place to work.
  • Lingawa — Speak your native language with pride! Learn Yoruba and Igbo with fun, immersive online lessons for adults and kids (ages 5+).
  • Definely — Definely creates legal tech solutions to free lawyers from frustration, saving them time when understanding, drafting and reviewing legal documents.
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Growth Investment Partners
VC Fund · Accra, Greater Accra, Ghana · 1 investments in Zambia startups

Welcome to Growth Investment Partners - A custom built investment model that meets the needs of the growing entrepreneur.

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Investment focus

  • Industry: Mining, Farming, Mineral
  • Stage:Debt Financing, Private Equity
  • Geography: Ghana, Zambia

Investor stats

  • Total investments: 6
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Springs & Bolts — SBLC manufactures U – Bolts, Leaf Springs, Trailer Suspensions & exports to the West Africa n Sub-Region and also sells on the Ghana market.
  • Boxpack Zambia — Boxpack Zambia specialists in manufacturing Corrugated boxes.
  • Altus Financial Services — Altus Financial Services operates as a non-bank microfinance institution focused on providing short- to medium-term financing solutions to underserved segments. Its core business model utilizes customized credit evaluation structures, such as a payroll-deduction system, to disperse capital to public sector workers, small business owners, andmicro-entrepreneurs. The value proposition centers on expanding financial inclusion by delivering rapid loan approvals and flexible terms that accommodate clients who do not fit traditional bank appraisal checklists. This structured underwriting enables capital allocation across diverse sectors including farming, retail, construction, and manufacturing.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Zambia startups, 7 in the past 12 months

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, Venture - Series Unknown
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 217
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M; Venture - Series Unknown $200k–$500k
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Zazu — Zazu is a neobank for African SMEs, offering seamless banking tools, cash flow automation, and real-time insights. Zazu simplifies finance management in one all-in-one solution.
  • Fincart — Fincart is a leading shipping platform in Egypt, connecting your business with top courier services, automating operations, and helping you scale your eCommerce logistics.
  • Udu Technologies — Udu Technologies is an AI infrastructure company that offers GPU systems, AI platform integration, and technical support services.
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Twilio
VC Fund · San Francisco, California, United States · 1 investments in Zambia startups

Build amazing customer experiences on the Twilio platform with APIs for SMS, RCS, voice, and email, plus conversational AI for smarter engagement, and identity verification for trust.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Series A, Seed, Series B
  • Geography: United States, Egypt, Brazil

Investor stats

  • Total investments: 38
  • Round size: Seed $195k–$1.7M; Series A $8M–$24M; Series B $7.6M–$40M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

  • Coval — Simulation and evaluation for AI agents (chat & voice agents)
  • Deepgram — Deepgram helps enterprises unlock the potential of their audio data with custom-trained speech recognition for accuracy and scale. Deepgram's deep learning speech recognition system searches for keywords in transcripts by sound and text within audio and video files, used for transcribing calls, meetings, and voicemails for searchable notes,providing businesses with a fast, high accuracy speech-to-text on an easy-to-use API.The company was founded in 2015 and is headquartered in San Francisco, California.
  • Rime — AI voice models built for real-time conversations. 600+ voices, 50+ languages, sub-100ms latency. Trusted by global enterprise.
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Inside Capital Partners
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Zambia startups

Inside Capital Partners (“Inside”) is an independent private equity manager aiming to invest through equity in strong potential opportunities in selected Southeast African countries.Inside believes that access to high level information, a strong focus on selected geographies and enterprises along with a strong network of operational andbusiness experts, are key to enhancing value creation.For this reason, the Inside team, which is composed of people with strong ties to the region, operates through its offices in Mauritius and Zambia, and from its network of partners in the other selected countries.Inside also works in close proactive partnerships with entrepreneurs, and leverages on its network of experts, to fast track the development of small and medium-sized enterprises.

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Investment focus

  • Industry: Manufacturing, Plastics and Rubber Manufacturing, Hotel
  • Stage:Private Equity, Venture - Series Unknown, Series A
  • Geography: Zambia, Mauritius, Madagascar

Investor stats

  • Total investments: 9
  • Round size: Private Equity $3.1M–$7.5M; Venture - Series Unknown $1.5M–$15M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Drive Health — Reduce administrative burden and support your care team. Avery is a clinical workflow automation engine that handles routine tasks like patient outreach and message triage under strict clinician oversight, returning time to the bedside.
  • RDG Africa — Empowering the Future, one solar system at a time
  • Hautes Études Pratiques Internationales — Hautes Études Pratiques Internationales is a private higher‑education platform that runs degree‑level programmes.
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Tamboti Circle
VC Fund · 1 investments in Zambia startups

Tamboti Circle is an investment firm.

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Investment focus

  • Stage:Pre-Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • Duniya Healthcare — Duniya Healthcare helps retail pharmacies to source their medicines from wholesalers.
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Zenga Ventures
VC Fund · 1 investments in Zambia startups

Zenga Ventures is an investing firm for startups.

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Investment focus

  • Industry: Apps, Software, Business Information Systems
  • Stage:Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • ZPOS — ZPOS is currently undergoing maintenance. Please check back soon.
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Atom CTO
VC Fund · London, England, United Kingdom · 1 investments in Zambia startups

Atom CTO specializes in providing expert Chief Technology Officer (CTO) guidance, software development, and technology due diligence services. The company focuses on empowering ideas and driving success for founders, businesses, and investors. Atom CTO offers a range of services aimed at non-technical founders and companies in need of technicalleadership and software development expertise. Through its podcast, Atom CTO shares insights, challenges, and triumphs of tech pioneers, aiming to spark innovation and support budding entrepreneurs. The company also engages in partnerships to blend technology expertise with industry-specific needs, such as the integration of blockchain and FinTech solutions.

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Investment focus

  • Industry: Apps, Education, E-Learning
  • Stage:Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • Koloso — Koloso is a digital assessment app that gives teachers the real-time, reliable, individual learning insights they need to get the best out of every child.
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Jordan Engineering
VC Fund · 1 investments in Zambia startups

Jordan Engineering

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Investment focus

  • Industry: Agriculture, Financial Services
  • Stage:Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • Rent To Own Africa — Rent To Own provides affordable financing to high capacity entrepreneurs in rural communities across Zambia. Rent To Own variety of rental arrangements helps business owners build assets and expand their own services. Beyond traditional asset financing, Rent To Own adapts its services and to the individual needs of each client, including guidedasset selection process, direct distribution and one-on one training for maintenance and proper equipment usage. The company unique six-step loan process mitigates repayment risk and ensures that the equipment is being used optimally.
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bettervest GmbH
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Zambia startups

bettervest is a crowdinvesting platform that enables people to jointly invest individual sums of money – from as little as 50€ onward – in renewable energy, energy and resource efficiency projects initiated by established enterprises, NGOs and local municipalities. In return, investors benefit financially from the resulting cost and energy savings.The bettervest platform has thus opened up the energy efficiency market to private investors. With these targeted investments ecologically and economically viable energy efficiency measures are able to be implemented, leading to cost, energy and CO2 reductions.

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Investment focus

  • Industry: Energy, Information Technology, Social Entrepreneurship
  • Stage:Debt Financing
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • Emerging Cooking Solutions — Emerging Cooking Solutions manufactures and distributes SupaMoto® clean-burning stoves and biomass cooking fuel for low-income urban families in Zambia, improving air conditions and reducing the need for fossil fuels.Emerging Cooking Solutions seeks to serve the 850,000 low-income urban households in Zambia that are in need of a cheaperalternative to charcoal for their cooking needs as well as the 150,000 higher-income households that are in need of a higher-performing alternative to charcoal that is more reliable during power cuts.Emerging Cooking Solutions manufactures and distributes SupaMoto® stoves and densifies waste biomass into fuel pellets, which together create an improved cooking solution that is a cheaper and healthier alternative than charcoal and other fossil fuels. Use of the stove and fuel reduces the incidence of diseases caused by indoor air pollution and strengthens local economics through the use of sustainable fuels.
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Oikocredit International
VC Fund · Amersfoort, Utrecht, The Netherlands · 1 investments in Zambia startups

Invest in People with Oikocredit and use your money to create change. giving people opportunity to build better lives. Invest Now

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Investment focus

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

Investor stats

  • Total investments: 63
  • Round size: Series B $3.5M–$24M; Debt Financing $1.5M–$18M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
  • Prestamype — Prestamype was launched in 2017 with the aim of providing a broader access to funding to micro and small businesses, with better credit conditions. With its first product, a secured working capital loan with a real estate collateral, it has lent over USD 24 million to 750 Peruvian entrepreneurs (as of 1st of October 2021). In 2019, Prestamypelaunched its online FX platform called Cambio Seguro. In 2020, the company launched its digital factoring product. In 2021, INCA Ventures and Angel Ventures Peru (AVP), two leading funds in Peru, invested in the company.
  • Sindhuja Microcredit — Sindhuja Microcredit is a new generation digital and rural-focused Micro Finance Institution (MFI) providing financial services to the bottom of the pyramid self-employed women entrepreneurs.
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Acumen
VC Fund · New York, New York, United States · 1 investments in Zambia startups

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

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Investment focus

  • Industry: Agriculture, Solar, Farming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 209
  • Round size: Seed $300k–$2.5M; Venture - Series Unknown $1000k–$7.4M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $123M in 2025

Portfolio highlights

  • PrePex — Non Surgical Male Circumcision for HIV Prevention and social enterprise, offering innovative, affordable and scalable public healthcare solutions
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • Gramalaya Urban And Rural Development Initiatives And Network — Gramalaya Urban And Rural Development Initiatives And Network (GUARDIAN) is addressing the complex water and sanitation problems faced by low-income communities in India through its innovative water credit solution. GUARDIAN provides microloans to low-income families seeking to install water and sanitation facilities in their households.
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Patrick J. McGovern Foundation
VC Fund · Boston, Massachusetts, United States · 1 investments in Zambia startups

Patrick J McGovern Foundation advances AI and data innovation for global social impact. Supporting changemakers with technology solutions for equity and sustainability.

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Investment focus

  • Industry: Non Profit, Education, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 210
  • Round size: Grant $100k–$750k
  • Lead/follow: 89% lead, 11% follow

Portfolio highlights

  • AI4ALL — AI4ALL opens doors to artificial intelligence for historically excluded talent through education and mentorship.
  • AImpower.org — AImpower.org is a non-profit organization that enhances the ability of automatic speech recognition models to recognize stuttering speech.
  • STEMarts Labs — STEMarts Labs creates interactive experiences that empower youth and communities via the intersection of art, science, and technology.
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Zambia 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, Venture - Series Unknown, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 74
  • Round size: Series B $5M–$41M; Debt Financing $4M–$137M; Venture - Series Unknown $2.1M–$20M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $93M in 2025

Portfolio highlights

  • Transvolt Mobility — Transvolt Mobility is an early-stage, technology-driven EV fleet operator, enabling India’s transition to sustainable, zero-emission transport by providing a scalable, multi-partner platform for commercial electric mobility across urban and industrial segments.
  • ETG — ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.
  • EVF General Finance Joint Stock Company — EVF provides a wide range of financial services, including credit lines for micro, small, and medium-sized firms (MSMEs).
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Zambia startups

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 267
  • Round size: Seed $500k–$6M; Pre-Seed $200k–$2.5M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Rilla — Demonstrating 90% reduction in cost-to-serve for live-streaming, Rilla is rewiring the content economy, directing the value generated back to creators and their communities.By leveraging audience bandwidth and rewarding them with ownership in the network, the savings are equivalent to a free month subscription every year for a moderate level ofviewership.Founded by the technical founders behind Altered State Machine, acquired for 214m. Together for 5+ ventures, collectively raising 130m+ and valued at 1b+.
  • Osmo — Osmo is a payment company that helps people to send and receive money immediately.
  • Uniblock — Uniblock helps connect developers with Web3 using our APIs and services. Our developers use Uniblock because of how easy it is to integrate into exciting applications. Try it for free today!
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LoftyInc Capital
VC Fund · Carmel, California, United States · 1 investments in Zambia startups

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

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Investment focus

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

Investor stats

  • Total investments: 187
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Series A $250k–$37M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely actively investing — fresh fund, raised $43M in 2025

Portfolio highlights

  • Cauridor — Cauridor is a Financial Services company.
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Nucleon Security — Zero-Trust and ML-based Endpoint Detection and Response Platform #EDR #FDR #EndpointSecurity
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TLG Capital
VC Fund · London, England, United Kingdom · 1 investments in Zambia startups

TLG Capital is an award-winning private investment firm dedicated to empowering frontier market entrepreneurs, with a focus on opportunities in Sub-Saharan Africa (SSA).TLG firmly believes that impact creation is crucial to sustained financial success. They are committed to tackling persistent challenges and better directing resources towardsimproving the lives for some of the world’s most vulnerable people. Their investments have had a significantly social, environmental and development impact across Sub-Saharan Africa.TLG Africa Limited is a permanent capital investment vehicle focusing on equity opportunities in Sub-Saharan Africa (SSA). TLG Africa invests in sectors underpinned by the ‘rise of the African consumer’, such as: healthcare, finance, consumer goods and real estate. These investments include direct minority/majority stake investments, secondary opportunities and distressed fund restructurings. TLG Africa always seeks board representation, along with other minority protections.Notable investments include WHO pre-approved pharmaceutical plant QCIL (Uganda) and healthcare facilities in West Africa. In recognition for their efforts, their deals have won multiple awards including ‘Landmark Deal of the Decade’ in 2012 and 'Frontier Deal of the Year' in 2014 from Private Equity Africa.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Private Equity, Venture - Series Unknown
  • Geography: Nigeria, United Kingdom, Uganda

Investor stats

  • Total investments: 30
  • Round size: Debt Financing $3M–$15M; Private Equity $25M–$600M; Venture - Series Unknown $5M–$12M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: Likely still investing — raised $25M in 2022

Portfolio highlights

  • NMB Bank — NMB Bank is dedicated to providing premium financial services to all existing and potential customers. Since 1993, we have offered supreme corporate, retail and investment banking solutions.
  • Drive45 — Drive45 is a company that specializes in mobility solutions, notably for people who need help with transportation due to age, disability, injury, or other mobility issues.
  • VivaJets — VivaJets is a aviation company providing a full range of aircraft management services, fractional ownership opportunities, and aircraft sales and acquisition.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Zambia 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, Venture - Series Unknown
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 51
  • Round size: Series A $1.5M–$12M; Series B $2M–$26M; Venture - Series Unknown $140k–$1.8M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely actively investing — fresh fund, raised $59M in 2026

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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Torrey Pines Investment
VC Fund · San Diego, California, United States · 1 investments in Zambia startups

Torrey Pines Investment, founded in 2002, is a specialty life-science investment company located in San Diego.Torrey Pines has a team of investment professionals with extensive experience in entrepreneurship, venture capital and operations. Our firm has created biopharma incubators investing in early development stage assets from internationalpharma and biotech partners in CNS, oncology, and virology areas to bring them to commercial success through pharma partnering and M&A.We are committed to capitalizing on the unique opportunities in biotech and pharma, where we can add value in development or regulatory strategy by utilizing resources of our portfolio CRO companies. We seek to leverage our industry knowledge, network of industry and financial contacts, and internal resources to assist our portfolio management in developing and executing their business strategy. Our bottom line is to help our companies achieve growth, build value and realize wealth.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Seed, Pre-Seed
  • Geography: United States, Russian Federation, The Netherlands

Investor stats

  • Total investments: 33
  • Round size: Seed $3M–$3.1M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Mondego Bio — Headquartered in Portugal’s main biotech park, Biocant, Mondego Bio is developing best-in-class protein tyrosine phosphatase non-receptor type 2 (PTPN2) inhibitors, providing a potential immuno-oncological therapy with an improved safety and tolerability profile.
  • BIMINI Biotech — BIMINI Biotech is a startup that develops innovative therapeutic strategies for oncology. It is developing therapeutic strategies that target the growth hormone receptor (GHR) and its interaction with insulin-like growth factor 1 (IGF-1) for oncology, metabolic diseases, and aging.The company was founded in 2019 and is based in Leiden, TheNetherlands.
  • Mair Therapeutics — Mair Therapeutics main goal is finding and creating a small-molecule ion channel activator to treat Parkinson's disease, a preclinical drug discovery business.
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Not Boring Capital
VC Fund · Seattle, Washington, United States · 1 investments in Zambia startups

Behind-the-Scenes of Raising a Fund to Invest in Companies with Stories to Tell

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Investment focus

  • Industry: Software, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Zambia

Investor stats

  • Total investments: 39
  • Round size: Seed $3.3M–$25M; Pre-Seed $400k–$4.4M; Series A $7.5M–$32M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $30M in 2023

Portfolio highlights

  • Convoke — The AI-native operating system for drug development
  • Daylight — Anode Labs is leveraging web3 infrastructure to build the world's largest virtual power plant.
  • Somos Internet — Somos Internet is a network and telecommunications startup that provides latest generation internet with a fast, secure, stable connection. The company was founded in 2018 and is headquartered in Medellín, Antioquia, Colombia.
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Earl Grey Capital
VC Fund · 1 investments in Zambia startups

Earl Grey Capital is a investment firm.

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Investment focus

  • Industry: Information Technology, SaaS, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 20
  • Round size: Seed $2.2M–$13M; Pre-Seed $1M–$5M; Series A $12M–$14M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $10M in 2022

Portfolio highlights

  • CrewAI — A cutting-edge framework for orchestrating role-playing, autonomous AI agents that work together seamlessly to tackle complex tasks.
  • Dreambase — Agents are hungry for high quality data. Feed them a health diet of data you can trust with our agentic Data Factory.
  • The Clearing Company — A new kind of prediction market.
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Global Partnerships/Eleos Social Venture Fund
VC Fund · Seattle, Washington, United States · 1 investments in Zambia startups

Global Partnerships' Social Venture Fund bridges the pioneer gap in sub-Saharan Africa by providing impact-led funding to early-stage social enterprises.

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Investment focus

  • Industry: Agriculture, Farming, Organic
  • Stage:Series A, Series B, Seed
  • Geography: Kenya, Uganda, Zambia

Investor stats

  • Total investments: 6
  • Round size: Series A $2.1M–$6.3M; Series B $8.5M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • 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.
  • YYTZ Agro-Processing — YYTZ Agro-Processing specializes in sourcing and processing cashew nuts.
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VC funding in Zambia at a glance

Stats across 173 deals from 125 investors.

125
investors
in Zambia startups
173
deals
in Zambia startups
$1.3M
median round
in Zambia startups
56%
lead investors
lead at least one round
23%
Non-equity Assistance
most common funding stage

Access all 125 VC funds in Zambia startups.

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