Who's funding African startups

VCs, PE funds, angel networks, and DFIs active in the ecosystem.

A note on the numbers: deal counts come from public sourcing — news, portfolio pages, and company databases — not a licensed funding database. Treat figures as directional, not authoritative. We do not charge investors to be listed, and listings do not imply endorsement.
Angel
Ghana Venture Capital Trust Fund
Accra, Ghana

Government-backed Ghanaian fund that finances VC fund managers rather than startups directly; provides equity and debt to SMEs via those managers.

VC
54Collective
Johannesburg, Lagos, Nairobi

Pre-seed-to-seed studio-investor with three African hubs; backs a broad range of technology startups.

Angel
ABAN (African Business Angel Network)
Pan-African

Umbrella body coordinating angel networks across 20+ African countries; a connector, not a direct investor.

PE
CardinalStone Capital Advisers
Lagos, Nigeria

Private equity arm of CardinalStone Group backing high-growth SMEs in consumer, healthcare, and industrials. Portfolio includes i-Fitness.

VC
Catalyst Fund
Pan-African, emerging markets

Pre-seed grant and investment fund (typically $2,500–$15,000) backed by JPMorgan, Mastercard Foundation, and Rockefeller. Portfolio includes Turaco, Jetstream, Lami, and Wasoko.

$2,500–$15,000 grants check
VC
Renew Capital
Addis Ababa, Ethiopia

Seed-to-Series A investor backing African consumer and mobility businesses with checks averaging $228K.

$50K–$300K check
VC
Kepple Africa Ventures
Tokyo, Japan (Africa-focused)

Japan-based fund making fast, smaller checks — up to roughly $150,000 — into early African startups.

VC
Partech Africa
Dakar, Nairobi, Lagos

Seed-to-Series C investor; $300M fund raised in 2021. Portfolio spans Wave, TradeDepot, and Yoco.

$300M fund
VC
Savannah Fund
Nairobi, Kenya

Early seed fund making smaller checks — typically $25,000 to $500,000 — into East African tech startups.

VC
Saviu Ventures
Nairobi, Kenya (fund based in Mauritius)

Africa-focused venture firm investing across seed, early, and later stages.

VC
Norrsken22
Nairobi, Kigali

African impact-focused fund with $205M raised in 2023, backing early-to-growth stage fintechs, edtech, and healthtech across the continent.

$205M fund
VC
DOB Equity
Netherlands (Kenya/Uganda/Tanzania-weighted)

Dutch family-office impact investor active in Kenya, Tanzania, Uganda, Rwanda, and Burundi.