# Top 50 Artificial intelligence Startup Investors in Africa in October 2023

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

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

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

## Oui Capital
- Type: VC Fund
- Location: Belmont, Massachusetts, United States
- Relevant deals: 4
- Stages: Pre-Seed, Seed
- Focus: Transportation, Information Technology, B2B

Oui Capital is an Africa-focused VC firm backing tech-enabled businesses at the pre-seed & seed stage.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

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.

## Blockchain Founders Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Financial Services

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

## CV VC
- Type: VC Fund
- Location: Zug, Zug, Switzerland
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Software, Information Technology

We invest in blockchain

## Knife Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

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## Bose Ventures
- Type: VC Fund
- Location: Framingham, Massachusetts, United States
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Software, Wearables, Artificial Intelligence

Bose Ventures is looking for startups that are pushing the envelope of AR to help build some of these new experiences. They are investing in startups that are developing apps, services, and technology that leverage and extend the Bose AR platform. If you are one of these innovative startups

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

Ventures Platform Fund is a discovery fund that invests early in mission-driven founders that are building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, solve for non-consumption, and improve livelihoods in Africa.

## Soma Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Soma Capital is venture capital fund that focuses on investing in software to automate the world across all sectors and geographies.

## Flat6Labs Tunisia
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: E-Commerce, Retail, Education

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders.

## Richard Aseme
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: FinTech, Credit, InsurTech

Richard Aseme is the VP, International Marketing and Distribution, EMEA at Paramount Pictures. He attended Oxford University (Jesus College) oct 1996 - June 2000.

## HoaQ
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, Internet, E-Commerce

Startup Investment Club

## Accion Venture Lab
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Financial Services, FinTech, Finance

Accion Venture Lab is an investment initiative that provides startups with seed capital and support.

## Jai Mahtani
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Credit, FinTech, InsurTech

Jai Mahtani

## Necessary Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Health Care, Software, Artificial Intelligence

Necessary Ventures focuses on investing in what the world needs. They work with the founders to build the most scalable solutions.

## Christian Angermayer
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Financial Services, FinTech, Blockchain

Christian Angermayer - Founder & CEO @ Apeiron Investment Group

## Charles Delingpole
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

Charles Delingpole is Founder and CEO of ComplyAdvantage, a technology company focused on wiping out financial crime using Machine Learning. As CEO, Charles leads the product development and growth of the company. His passion for the issue came from his time as the MLRO of a previous startup he founded when he realized how inefficient processesaround money laundering are. Charles previously worked at The Student Room as a Founder and CEO. He attended the University of Cambridge and The London School of Economics and Political Science (LSE).Over 99% of money laundering is successful, ComplyAdvantage is working to stop it completely. Founded in 2014 with offices in London, New York, Singapore, and Cluj, ComplyAdvantage work with over 350 firms across 45 countries. Charles set up his first company, The Student Room Group, now the world’s largest student discussion forum when he was 16. After completing his MA in Politics at Trinity College Cambridge, and then an MSc in Management, Strategy, and Finance from the LSE, he became an associate at J.P. Morgan Cazenove.

## Black Silver Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Finance

Black Silver Capital invests in and builds a portfolio of high growth companies and businesses with innovative business models, geared to existing and emerging institutions and their customers. We invest growth capital in the form of equity to be used to assist established, but still high-risk ventures in expanding activity such as creatingadditional traction launching products into diverse markets as well as creating new products & technology lines.

## Acasia Ventures
- Type: VC Fund
- Location: Cairo, Al Qahirah, Egypt
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, E-Commerce

Acasia Ventures is a leading venture capital firm that invests in early-stage companies throughout the Middle East and Africa. With a focus on being a first believer in innovation and entrepreneurship, the firm strives to support the growth of the next generation of market leaders through their unique and scalable solutions. Its Tech Fund I iscurrently targeting investments in tech-driven and tech-enabled startups at the pre-Seed to pre-Series A stages.

## Luminate Group
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed
- Focus: SaaS, GovTech, Politics

Established in 2018, Luminate is a global philanthropic organisation with the goal of empowering people and institutions to work together to build just and fair societies.

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, FinTech, Software

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

## Maroc Numeric Fund
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 2
- Stages: Series A, Seed, Pre-Seed
- Focus: Online Portals, Enterprise Software, FinTech

Maroc Numeric Fund is a tech VC fund investing in Morocco.

## Orange Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed, Series B, Series C
- Focus: Software, FinTech, Financial Services

Orange Ventures is the Venture Capital Fund of the Orange Group, with 350m euros under management

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Financial Services

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

## 4Di Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Financial Services

4Di Capital is a Cape Town-based venture capital fund management firm focused on early-stage technology investments in sub-Saharan Africa.

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Hustle Fund
- Type: VC Fund
- Location: San Carlos, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Hustle Fund is a seed fund that seeks to invest in early-stage startups operating in software, business to business, fintech, and digital health sectors.

## Sudeep Ramnani
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Credit, FinTech, InsurTech

Sudeep Ramnani is the Founder and CEO of Sportybet. SportyBet is an international sports betting and real-money gaming operator that delivers an omni-channel entertainment experience in regulated emerging markets (www.sportybet.com). Sudeep is also an investor in fintech and mobile payments and an advocate of the growing African internet ecosystem.Sudeep will be discussing the challenge of changing customer betting patterns alongside other innovative leaders in the sports betting industry. His insights into the industry's toughest topics will be truly beneficial to anyone who attends the Sports Betting West Africa Summit.

## Christian Faes
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: FinTech, Financial Services, Finance

Christian Faes is the co-founder and Exec Chair of LendInvest, which is marketplace platform for property finance, and one of the leading Fintech businesses in the UK. The business has raised well over £1 billion in debt and equity, from institutions such as Atomico, the European Investment Fund, Citibank, HSBC, and the National Australia Bank.Christian comes from a legal background having practised as a real estate lawyer in Australia (Allens Arthur Robinson), and then in the UK with Clifford Chance and Deutsche Bank.  In 2008, Christian co-founded the business with Ian Thomas, initially seeing an opportunity in the short term mortgage market.Christian is a keen advocate for the Fintech sector, and sits on the Government’s Fintech Delivery Panel; and founded and chairs the Digital Finance Forum. He is an active supporter and early investor in several startups, including Seedrs, Crowdcube and Onfido.

## TotalEnergies Ventures
- Type: VC Fund
- Location: La Défense, Ile-de-France, France
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Energy, Renewable Energy, Transportation

TotalEnergies Ventures is the venture capital arm of Total.As part of Total's commitment to a better energy future, TotalEnergies Ventures is focused on finding, funding and fostering high-potential start-ups which will contribute to creating a low carbon future.Current areas of interest include Renewables, Distributed Energy, NewMobility, Energy Access, Energy Storage, Bio-Plastics, Circular Economy, Carbon Capture and Hydrogen.

## Tayo Oviosu
- Type: Angel
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Financial Services, Artificial Intelligence, Information Technology

Tayo is the Founder & Group CEO of Paga (www.paga.com), Nigeria’s leading mobile money service. Prior to Paga, Tayo was Vice-President at Travant Capital Partners, a private equity fund in West Africa. Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California. Tayo’s work at Paga has beenrecognized globally - in 2014 CNBC selected Tayo as the Entrepreneur of the Year West Africa, and in 2015 the African Leadership Network selected Paga as the outstanding growing company of the year in Africa. Tayo is also the co-founder of Kairos Angels, an angel investment club.Tayo earned his Bachelors of Science degree in Electrical Engineering, cum laude, from the University of Southern California, and also has a Masters in Business Administration from the Graduate School of Business, Stanford University.

## Cascador
- Type: VC Fund
- Location: Lekki, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed
- Focus: Analytics, Digital Media, Data Integration

Web Development, Web Design, Logo Design, Drone Videograhy and Photography Production for New Hampshire and beyond.

## VilCap Investments
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, FinTech

VilCap Investments is an early-stage impact investing fund, backing companies addressing the most pressing social and environmental challenges.

## Microsoft for Startups
- Type: VC Fund
- Location: Redmond, Washington, United States
- Relevant deals: 1
- Stages: Seed, Grant
- Focus: Software, Information Technology, SaaS

Microsoft for Startups is a global program designed to help startups scale with free access to Azure cloud and a streamlined path into selling alongside Microsoft and our vast partner ecosystem.

## Harambeans
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Angel, Grant
- Focus: Supply Chain Management, Transportation, Information Technology

Harambeans are African innovators who have pledged to “work together as one” to build Africa’s future. Over the last decade, Harambeans has spawned a series of tech-enabled ventures such as Andela, Flutterwave, and Yoco, which have collectively generated over 3000 jobs, and raised over $700m from Google Ventures, CRE Ventures and Accel.

## Water and Energy for Food Grand Challenge
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: SaaS, AgTech, Farming

Scaling water-energy-food innovations to impact gender, food security, poverty reduction, climate mitigation and resilience, and the environment and biodiversity.

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Financial Services, E-Commerce

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

## MaC Venture Capital
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Health Care

MaC Venture Capital is a seed-stage venture capital firm that invests in technology startups leveraging shifts in cultural trends and behaviors.

## Crossfin Technology
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Series A, Private Equity
- Focus: Payments, Financial Services, Information Technology

Crossfin invests in FINTECH solutions to enable growth for economies in Africa and beyond. Crossfin invests in high growth and established cash generative businesses, offering investors a blended exposure to technology investments in Fintech.

## Naspers Foundry
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Series B, Series A
- Focus: Financial Services, Insurance, Information Technology

Naspers Foundry is a global internet group and invests in technology-based companies. The company believes in the power of local backed by global scale and they look for opportunities to address big societal needs in markets where they see the greatest growth potential.

## Chinook Capital Limited
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed
- Focus: EdTech, Retail, Home Services

Chinook Capital is focused on investments in seed- and pre-stage companies in internet software, services, and media sectors.

## Michael Chow
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Grant, Pre-Seed
- Focus: Financial Services, FinTech, Rental Property

Michael Chow is the Founder and CEO of Dart Technologies.

## UNDP
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1

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

## Leonard Stiegeler
- Type: Angel
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Financial Services, FinTech, Credit

Leonard Stiegeler is the Founder of Pulse, the leading innovative media company in Africa. He is backing & investing in media-/art-/technology- & -enabled ventures/assets. Some of his interests include Business Insider Africa, Art News Africa and Digital News Africa. Prior, he was the General Manager of Swiss Ringier AfricaAG since 2016 – responsible for buiding up the group's business on the continent. Ringier is today active in 8 countries in Sub-Saharan Africa and through its ROAM-holding leads brands such as Jobberman, Cheki, Private Property, BuyRentKenya, Pigiame, ZoomTanzania, and many more. Prior to his work with Ringier since 2013, Leo helped to establish Rocket Internet and other German investors in Africa. Leo is originally from Germany and has been based in different African countries since 2011.

## Wavecrest Growth Partners
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Private Equity, Seed
- Focus: Software, SaaS, Enterprise Software

Wavecrest Growth Partners is a growth equity firm focused on investments in high-growth, profitable B2B technology companies. The firm targets investments in high-growth companies with proven products and business models and brings to bear a differentiated combination of investing and operating experience and networks to help accelerate growth andprofitability. It refers to invest in companies that have over 20% in annual growth and $5 to $30M in bookings or revenue.

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

Twilio is a developer platform for communications and is reinventing telecom by merging the worlds of cloud computing, web services, and telecommunications. With Twilio, developers, and businesses make communications more contextual by embedding voice, video, messaging, and authentication directly into applications.

## Arise Pty Ltd
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Series A
- Focus: Facial Recognition, Financial Services, Identity Management

Arise is a African investment company backed by three reputable cornerstone investors, namely Norfund, Rabobank, and FMO. We partner with sustainable locally owned financial services providers in Sub-Saharan Africa who are searching for a way to keep their independence but need financial expertise and long-term capital to prosper. Our in-depthlocal knowledge, minority shareholding and hands-on approach gives them the support they need to become financially sustainable and a strong contributor to the economy.It’s our way of making a lasting, positive difference to the people, businesses and communities of Africa.

## V8 Capital Partners
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Health Care, Software

V8 Capital Partners makes investments in enterprise technology businesses across Africa. African Venture Capital for software automation

## Outlierz Ventures
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Supply Chain Management, Logistics, Information Services

We provide smart capital to grow investable startups in Africa

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