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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Ground Squirrel Ventures | 5 | United States, Kenya, Zambia | Seed, Series A | Financial Services, FinTech, Finance |
| The Todd & Rahul Angel Fund | 2 | United States, Zambia, Nigeria | Seed, Series A, Series B | Software, Information Technology, E-Commerce |
| Vibe VC | 2 | United States, India, Zambia | Seed, Pre-Seed, Series A | Financial Services, EdTech, Retail |
| EDFI ElectriFI | 2 | United States, Kenya, Nigeria | Debt Financing, Series A | Energy, Solar, Renewable Energy |
| Enygma Ventures | 2 | South Africa, Zambia, Swaziland | Seed | Financial Services, Lending, Education |
| UNDP | 2 | South Africa, India, Uganda | Grant, Pre-Seed, Seed | E-Commerce, Health Care, AgTech |
| ACE & Company | 2 | United States, Switzerland, United Kingdom | Seed, Series A | Software, Financial Services, FinTech |
| Alitheia IDF | 2 | South Africa, Nigeria, Ghana | Series A, Seed | Logistics, E-Commerce, Retail |
| Ventures Platform | 2 | Nigeria, United States, Kenya | Seed, Pre-Seed | Financial Services, FinTech, Internet |
| Runa Capital | 2 | United States, Germany, France | Series A, Seed, Series B | Software, SaaS, Financial Services |
| KFW DEG | 2 | India, Kenya, United States | Debt Financing, Grant | Financial Services, Energy, FinTech |
| Not Boring Capital | 1 | United States, Canada, Zambia | Seed, Pre-Seed, Series A | Software, FinTech, Cryptocurrency |
| Goodwater Capital | 1 | United States, India, South Korea | Seed, Series A, Pre-Seed | FinTech, Financial Services, Software |
| Global Partnerships/Eleos Social Venture Fund | 1 | Uganda, Zambia | Series A, Series B | Logistics, Agriculture, Car Sharing |
| 54 Collective | 1 | Kenya, Nigeria, South Africa | Seed, Pre-Seed | Health Care, Information Technology, FinTech |
| Patrick J. McGovern Foundation | 1 | United States, Kenya, Switzerland | Grant, Seed, Pre-Seed | Non Profit, Education, Health Care |
| Shell Foundation | 1 | India, United States, Kenya | Grant, Seed | Energy, Solar, Finance |
| Private Infrastructure Development Group | 1 | Kenya, Zambia, Senegal | Grant, Debt Financing, Series C | Energy, Renewable Energy, Solar |
| Blockchain Founders Fund | 1 | United States, United Kingdom, Singapore | Seed, Pre-Seed | Blockchain, Cryptocurrency, FinTech |
| GreenTec Capital Partners | 1 | Kenya, Nigeria, Morocco | Seed, Pre-Seed | Information Technology, Retail, Computer |
| Renew Capital | 1 | Uganda, Kenya, Ethiopia | Pre-Seed, Seed | Mobile Apps, Financial Services, Finance |
| FMO | 1 | India, Kenya, The Netherlands | Debt Financing, Series B | Financial Services, Finance, Renewable Energy |
| InfraCo Africa | 1 | India, Kenya, France | Seed | Electric Vehicle, AgTech, Energy |
| Danish Investment Fund for Developing Countries | 1 | France, Zambia, Myanmar | Private Equity | Renewable Energy, Energy, Water |
| Zenga Ventures | 1 | Zambia | Seed | Apps, Software, Business Information Systems |
| Jordan Engineering | 1 | Zambia | Seed | Agriculture, Financial Services |
| FINCA Ventures | 1 | Kenya, Mexico, Sweden | Seed, Series A, Pre-Seed | Financial Services, FinTech, Education |
| Tiger Global Management | 1 | United States, India, China | Series B, Series A, Series C | Software, FinTech, Financial Services |
| Twilio | 1 | United States, Egypt, Brazil | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Acumen | 1 | United States, India, Kenya | Seed, Series A | Health Care, Agriculture, Financial Services |
| EDFI Management Company | 1 | Ghana, India, Canada | Series B, Debt Financing, Seed | Renewable Energy, Energy, Solar |
| True Capital Management | 1 | United States, Nigeria, Canada | Seed, Series A, Pre-Seed | FinTech, Financial Services, Software |
| Finnfund | 1 | Kenya, India, South Africa | Debt Financing, Series B | Financial Services, Energy, FinTech |
| Opes Impact Fund | 1 | Italy, Kenya, India | Seed, Series A | Communities, Agriculture, Energy |
| Johnson & Johnson Foundation | 1 | Brazil, Argentina, United States | Grant, Seed, Pre-Seed | Health Care, Medical, Health Diagnostics |
| Torrey Pines Investment | 1 | United States, Russian Federation, The Netherlands | Seed, Pre-Seed | Biotechnology, Health Care, Pharmaceutical |
| Earl Grey Capital | 1 | United States, India, Canada | Seed, Pre-Seed, Series A | SaaS, Information Technology, Software |
| Zrosk Investment Management | 1 | Nigeria, United Kingdom, United States | Seed, Pre-Seed, Series A | Financial Services, FinTech, Finance |
| Norfund | 1 | Kenya, South Africa, Nigeria | Private Equity, Debt Financing | Financial Services, Energy, Renewable Energy |
| Goodwell Investments | 1 | Nigeria, South Africa, Kenya | Series A, Series B | FinTech, Financial Services, Banking |