Top 10 VC (Venture Capital) Funds in Africa in January 2026

Last updated: Jan 2026 A list of 10 VC (Venture Capital) funds that invest in Venture capital startups based in Africa. We rank investors based on the number of investments they made in Venture capital companies from Africa. We update this investor list every month.

Top 10 VC (Venture Capital) Funds in Africa in January 2026

Investor	Venture Capital Africa investments
Ground Squirrel Ventures	3
GreenHouse Capital	3
Autodesk Foundation	1
ARCH Emerging Markets Partners	1
Sherpa Africa Partners	1
Kalon Venture Partners	1
Stanbic IBTC Bank	1
Flying Doctors Nigeria	1
Microtraction	1
Wilson Sonsini Goodrich & Rosati	1

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Investor list

Seed round investment in frontier markets and clean energy

Investment focus

Financial Services, FinTech, Finance
Seed, Funding Round, Series A
United States, Kenya, Zambia

Portfolio highlights

Grapevine — Grapevine makes it possible for groups to invite members, collect and distribute donations, establish a community and connect with nonprofits.
MindMics — Discover MindMics. The world's most accurate personal heart health monitor and well-being platform. Look after your heart health to live longer and better.
Untapped Global — Untapped connects global investors, and foreign capital to opportunities in emerging markets. Delivering competitive returns, and measurable impact for global investors.

GreenHouse Capital’s Founding Partners took their own fintech company Venture Garden Group (VGG) from a 7 employee, ₦30 million revenue startup to a 200 employees, ₦2 billion power house in just 4 years and raised an attention grabbing Series A round from Convergence Partners of South Africa. The uniqueness of their position was not lost on thefounders who then cultivated Garden Institute of Business Entrepreneurs (GIBE) to identify, incubate, and invest in young and innovative tech startups solving global challenges in Emerging Markets. GIBE was created to build a world class talent management hub for young and passionate entrepreneurs while creating a pool of technology inclined businesses and innovation oriented leaders.

Investment focus

Financial Services, FinTech, Payments
Seed, Pre-Seed, Funding Round
Nigeria, Kenya, United States

Portfolio highlights

Credpal — Buy now, pay later. Split in 6.
Encore Pay — Encore Pay is a UAE-based FinTech and Payment solutions provider.
MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.

Autodesk Foundation is the first foundation to focus investment exclusively on the people and organizations using design for impact.

Investment focus

Energy, Environmental Engineering, Renewable Energy
Seed, Series A, Series B
United States, Kenya, Uganda

Portfolio highlights

M2X Energy — M2X Energy is a scalable methane conversion technology company that provides automated gas-to-product systems for methane conversion.
Last Energy — Last Energy is creating a new system for the development and delivery of small modular nuclear power plants. Combining proven reactor technology with a first-of-its-kind delivery model and fully modular plant design, Last Energy aims to decarbonize energy production and increase access to clean, affordable power.
Found Energy — Found Energy's aluminum-thermal power systems extract renewable energy from aluminum at double the energy density of diesel and at a competitive cost. Compact, modular, safe, and carbon-free, our technology makes industrial decarbonization practical.

ARCH is a specialist emerging markets investment advisor with deep experience of emerging markets, private equity, asset management and legal and governance matters over many decades.

Investment focus

Solar, Finance, Consumer
Series D, Debt Financing, Private Equity
Kenya, South Africa, United States

Portfolio highlights

CrossBoundary — CrossBoundary Energy's renewable energy solutions help decarbonize enterprise by providing cleaner, cheaper and more reliable power.
Sun King — Greenlight sells, installs and finances solar home systems for the 1.8 billion off-grid and under-electrified consumers in Africa and Asia.
The Sun Exchange — We finance, install, and maintain the solar system. You simply pay for the power it generates and save from day one.

A venture fund for pre-seed startups in Africa, led by Startup Operators, backed by Startup Operators.

Investment focus

Financial Services, Finance, FinTech
Pre-Seed, Seed, Funding Round
Kenya, Nigeria, South Africa

Portfolio highlights

Novek — Novek builds IOT technology to completely eliminate single use plastic from FMCG Supply chains.
CashBackApp — An App that offers you Cash Discounts on a wide range of household essentials available at local supermarkets in Kenya.
Jackfruit Finance — Jackfruit Finance provides money, technology, and rewards to enable low-cost African schools to expand access to education.

A growing number of South Africans are investing in venture capital companies that operate under Section 12J of the Income Tax Act. Contact us now.

Investment focus

Apps, Mobile Apps, Software
Seed, Series A, Funding Round
South Africa, Luxembourg, United States

Portfolio highlights

Talk360 — Talk360 is an easy-to-use calling app that helps people make affordable international calls to any mobile and landline number. They believe that reliable communication and digital services must be affordable and accessible to everyone, regardless of someone's background. Especially people in emerging countries in Africa, who often need theseservices the most, do not always have the necessary banking possibilities. To bridge this distance, Talk360 will launch the world's first single checkout platform for Africa. This platform will combine all locally available payment methods and currencies across Africa, together with over 1.25 million cash points of sales, and will eventually be available to other companies as well. This means that 500 million Africans will be able to purchase digital services they never had access to before.
Sendmarc — Manage your organization's DMARC, SPF, and DKIM with world-class implementation services and support. All in one easy-to-use platform.
visionAI — visionAI augments existing CCTV cameras with computer vision AI to drive improved operational outcomes in manufacturing.

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Investment focus

Energy, Mobile, Wireless
Debt Financing, Seed, Post-IPO Debt
Nigeria, Kenya, South Africa

Portfolio highlights

M-KOPA — M-KOPA is the global leader for “pay-as-you-go” energy services for off-grid customers. M-KOPA was established in 2011. Following 2 years of piloting and development, M-KOPA began commercial sales in Kenya in October 2012. M-KOPA expanded to Uganda in 2013 and commences operations in Tanzania in late 2014. Their team includes over 500 staff andwe sell our product through more than 1000 retail agents and shops. The founders of the company are experienced mobile technology innovators who believe in the huge potential of transformative, affordable products designed for underserved consumers. While excellent technology is a pre-requisite, technology alone does not solve for customer needs. Success comes when smart technology is combined with a commitment to on-going, on-the-ground delivery. To that end, M-KOPA is beginning to license its technology to experienced and reputable third parties in markets outside of East Africa (licensing queries should be sent to licensing@m-kopa.com). M-KOPA has developed a proprietary, patented technology platform that combines embedded GSM + mobile payments to revolutionize asset financing in emerging markets. The M-KOPAnet platform has been designed and built from the ground up by our talented team of software engineers, who continue to innovate and improve the system every day. It offers the powerful combination of accounting + customer relationship management + inventory tracking in one complete system. Aside from enabling our business operations to scale at record speed, the M-KOPAnet™ platform captures and processes huge volumes of data, enabling us to improve our proposition, customer service, and security in real-time.
onafriq — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
ANOH Gas Processing Company — ANOH Gas Processing Company is a midstream gas company committed to the processing of gas from OML 53 for distribution to the local market.

Flying Doctors Nigeria is an ambulance service company that provides medical emergency services. The company also provides medical solutions such as air ambulance and medical evacuation and ground ambulance services. They offer rapid transfer and the highest standards of care to patients in acute medical need, serving both states and privatecompanies on a yearly retainer basis.Flying Doctors Nigeria operates stations manned by specially trained medical doctors across the country from where real-time responses are affected. It was founded in 2009 and is based in Lagos, Nigeria.