# Top 40 VC (Venture Capital) Funds in Zambia in June 2026

## Ground Squirrel Ventures
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Financial Services, FinTech, Finance

Seed round investment in frontier markets and clean energy

## The Todd & Rahul Angel Fund
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, E-Commerce

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.

## Vibe VC
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, EdTech, Retail

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

## EDFI ElectriFI
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Debt Financing, Series A
- Focus: Energy, Solar, Renewable Energy

Impact investment in sustainable energy

## Enygma Ventures
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed
- Focus: Financial Services, Lending, Education

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.

## UNDP
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Grant, Pre-Seed, Seed
- Focus: E-Commerce, Health Care, AgTech

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

## ACE & Company
- Type: VC Fund
- Location: Geneva, Geneve, Switzerland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Financial Services, FinTech

ACE offers three core investment strategies across the stages of private investment: Secondaries, Buyout, and Venture. Our portfolio construction guidelines ensure that our investors access the necessary customization to achieve their risk and return requirements.ACE aims to drive returns by managing risks and strategically adjusting investmentexposure to the stage of a company’s development. We strongly believe that diversification and sizing of investments according to the risk profile are the most effective approaches to investing private capital.ACE’s specialized investment teams provide the support to create long-term and sustainable investment results.

## Alitheia IDF
- Type: VC Fund
- Location: Moka, Moka, Mauritius
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Logistics, E-Commerce, Retail

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.

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Internet

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.

## Runa Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Financial Services

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

## KFW DEG
- Type: VC Fund
- Location: Cologne, Nordrhein-Westfalen, Germany
- Relevant deals: 2
- Stages: Debt Financing, Grant
- Focus: Financial Services, Energy, FinTech

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.

## Not Boring Capital
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Cryptocurrency

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

## Goodwater Capital
- Type: VC Fund
- Location: Burlingame, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

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

## Global Partnerships/Eleos Social Venture Fund
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Logistics, Agriculture, Car Sharing

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

## 54 Collective
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Health Care, Information Technology, FinTech

Building and scaling African tech startups with catalytic capital, value-add support and our global network.

## Patrick J. McGovern Foundation
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Grant, Seed, Pre-Seed
- Focus: Non Profit, Education, Health Care

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

## Shell Foundation
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Grant, Seed
- Focus: Energy, Solar, Finance

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

## Private Infrastructure Development Group
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Grant, Debt Financing, Series C
- Focus: Energy, Renewable Energy, Solar

Private Infrastructure Development Group is an infrastructure development firm that offers finance and funds for economic growth.

## Blockchain Founders Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, FinTech

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

## GreenTec Capital Partners
- Type: VC Fund
- Location: Frankfurt, Hessen, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Retail, Computer

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

## Renew Capital
- Type: VC Fund
- Location: Addis Ababa, Adis Abeba, Ethiopia
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Mobile Apps, Financial Services, Finance

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.

## FMO
- Type: VC Fund
- Location: The Hague, Zuid-Holland, The Netherlands
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, Renewable Energy

FMO is a financial investment firm that specializes in financing businesses and projects FMO invests across the agribusiness value chain to enhance food security, support sustainability and promoting inclusive development.

## InfraCo Africa
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Electric Vehicle, AgTech, Energy

InfraCo seeks to fund and develop projects in sectors or geographies where the private sector would not otherwise work at such an early stage, seeking to exit its projects to private sector developers/financiers once project viability has been demonstrated, normally at or shortly before financial close. InfraCo will not compete directly withthe private sector but seeks to mobilise private sector involvement by bearing the time and cost risk of front end project development in order to mobilise private sector investment.

## Danish Investment Fund for Developing Countries
- Type: VC Fund
- Relevant deals: 1
- Stages: Private Equity
- Focus: Renewable Energy, Energy, Water

Danish Investment Fund for Developing Countries

## Zenga Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Apps, Software, Business Information Systems

Zenga Ventures is an investing firm for startups.

## Jordan Engineering
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Agriculture, Financial Services

Jordan Engineering

## FINCA Ventures
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Education

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

## Tiger Global Management
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, FinTech, Financial Services

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.

## Twilio
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Create amazing customer experiences with our Customer Engagement Platform (CEP) that combines communication APIs with AI. Build solutions for SMS, WhatsApp, voice, and email.

## Acumen
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, Agriculture, Financial Services

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.

## EDFI Management Company
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Series B, Debt Financing, Seed
- Focus: Renewable Energy, Energy, Solar

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.

## True Capital Management
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

Achieve your financial goals & build generational wealth with our entertainer & athlete wealth management services. Offering comprehensive financial planning.

## Finnfund
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, Energy, FinTech

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.

## Opes Impact Fund
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Communities, Agriculture, Energy

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

## Johnson & Johnson Foundation
- Type: VC Fund
- Relevant deals: 1
- Stages: Grant, Seed, Pre-Seed
- Focus: Health Care, Medical, Health Diagnostics

The Johnson & Johnson Foundation is a registered charitable organization that reflects the commitment of the Johnson & Johnson Family of Companies to keeping people well at every age and every stage of life by blending heart, science, and ingenuity to profoundly change the trajectory of health for humanity.

## Torrey Pines Investment
- Type: VC Fund
- Location: San Diego, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Biotechnology, Health Care, Pharmaceutical

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.

## Earl Grey Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: SaaS, Information Technology, Software

Founders funding founders at the earliest stages of company building. 

## Zrosk Investment Management
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Finance

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

## Norfund
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Private Equity, Debt Financing
- Focus: Financial Services, Energy, Renewable Energy

Norwegian investment fund for developing countries

## Goodwell Investments
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: FinTech, Financial Services, Banking

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