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Top 50 Artificial Intelligence VC Funds & Investors in Africa (October 2023)

The most active venture capital funds investing in Africa Artificial intelligence startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa Artificial intelligence startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
LoftyInc Capital Management
VC Fund
6 United States, Nigeria, Egypt Seed, Pre-Seed, Series A FinTech, Financial Services, Software $100k–$15M
Future Africa
VC Fund
5 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $40k–$20M
Oui Capital
VC Fund
4 Kenya, Nigeria, United States Pre-Seed, Seed Transportation, Information Technology, B2B $40k–$1.1M
Blockchain Founders Fund
VC Fund
4 United States, United Kingdom, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $15k–$6M
Launch Africa
VC Fund
4 Nigeria, South Africa, Kenya Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$3M
CV VC
VC Fund
3 United States, Switzerland, Germany Seed, Pre-Seed Blockchain, Software, Information Technology $125k–$6M
Bose Ventures
VC Fund
2 United States, Denmark, South Africa Series B, Series A Software, Wearables, Artificial Intelligence $1.5M–$80M
Orange Ventures
VC Fund
2 France, United States, United Kingdom Seed, Series B, Series C Software, FinTech, Financial Services $214k–$75M
Black Silver Capital
VC Fund
2 South Africa Seed, Pre-Seed, Series A Information Technology, FinTech, Finance $243k–$9.1M
4Di Capital
VC Fund
2 South Africa, United States, Uganda Seed, Series A, Series B Software, Mobile, Financial Services $431k–$6.4M
Maroc Numeric Fund
VC Fund
2 Morocco, Canada, France Series A, Seed, Pre-Seed Online Portals, Enterprise Software, FinTech $200k–$700k
Accion Venture Lab
VC Fund
2 United States, India, Brazil Seed, Series A Financial Services, FinTech, Finance $500k–$7.5M
Musha Ventures
VC Fund
2 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Financial Services, Software, FinTech $50k–$10M
Partech
VC Fund
2 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, Financial Services $1M–$54M
Luminate Group
VC Fund
2 Canada, Nigeria Seed SaaS, GovTech, Politics
Flat6Labs Tunisia
VC Fund
2 Tunisia Pre-Seed, Seed E-Commerce, Retail, Education $64k–$200k
Knife Capital
VC Fund
2 South Africa, United States, Sweden Series A, Seed Software, Information Technology, Manufacturing $2M–$6M
Hustle Fund
VC Fund
2 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $77k–$40M
Soma Capital
VC Fund
2 United States, India, Mexico Seed, Pre-Seed, Series A Software, FinTech, Financial Services $150k–$22M
Ventures Platform
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $50k–$4.4M
Microtraction
VC Fund
2 Nigeria, United States, Canada Pre-Seed, Seed, Angel Financial Services, FinTech, Software $25k–$1.2M
HoaQ
VC Fund
2 Nigeria, United Kingdom, Togo Pre-Seed, Seed, Angel Financial Services, Internet, E-Commerce $100k–$2M
Acasia Ventures
VC Fund
2 Egypt, Nigeria, Kenya Seed, Pre-Seed Financial Services, FinTech, E-Commerce $750k–$2.5M
Necessary Ventures
VC Fund
2 United States, Nigeria, Venezuela Series A, Seed, Series B Health Care, Software, Artificial Intelligence $3M–$40M
Basecamp Fund
VC Fund
1 United States, Canada, Kenya Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $1.1M–$6M
P1 Ventures
VC Fund
1 Egypt, Kenya, Nigeria Seed, Series B, Pre-Seed Financial Services, Payments, FinTech $350k–$3.5M
OEL Venture Investments
VC Fund
1 Kenya Seed Agriculture, Farmers Market, Machine Learning
Serena Ventures
VC Fund
1 United States, Canada, Spain Seed, Series A E-Commerce, Health Care, Wellness $1.6M–$20M
Wavecrest Growth Partners
VC Fund
1 United States, United Kingdom, Canada Private Equity, Seed Software, SaaS, Enterprise Software
LeapFrog Investments
VC Fund
1 India, Ghana, Nigeria Private Equity, Series D Financial Services, Finance, FinTech $6.8M–$110M
U.S. International Development Finance Corp
VC Fund
1 India, United States, Kenya Debt Financing, Post-IPO Debt Financial Services, Finance, FinTech $8.8M–$765M
VestedWorld
VC Fund
1 Nigeria, Kenya, Ghana Seed, Series A, Series B Agriculture, E-Commerce, Financial Services $1.6M–$4.4M
Sanari Capital
VC Fund
1 United States, South Africa, New Zealand Series A, Series B Information Technology, Laser, Sensor $3M–$15M
RTA
VC Fund
1 Nigeria Seed Internet, Logistics, Blockchain
Appsolute Ventures
VC Fund
1 South Africa Pre-Seed Big Data, Analytics, Data Integration
Maxula Seed Fund
VC Fund
1 Tunisia Seed SaaS, AgTech, Gaming
Cascador
VC Fund
1 Nigeria Seed Analytics, Digital Media, Data Integration
Melo7 Tech Partners
VC Fund
1 United States, Nigeria Seed, Series A, Series B E-Commerce, Digital Media, Analytics
SVG Ventures
VC Fund
1 United States, Canada, Ireland Pre-Seed, Seed AgTech, Agriculture, Farming $75k–$5.7M
Harambeans
VC Fund
1 Nigeria, Kenya, South Africa Seed, Angel, Grant Supply Chain Management, Transportation, Information Technology $100k–$3.1M
MaC Venture Capital
VC Fund
1 United States, Kenya, Nigeria Seed, Series A, Pre-Seed Software, Information Technology, Health Care $235k–$50M
Newid capital
VC Fund
1 India, Kenya, Turkey Series A, Seed, Series B Financial Services, FinTech, Credit $1.3M–$1.3M
Crossfin Technology
VC Fund
1 South Africa, United States, Russian Federation Series A, Private Equity Payments, Financial Services, Information Technology
Twilio
VC Fund
1 United States, Egypt, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $195k–$15M
Water and Energy for Food Grand Challenge
VC Fund
1 India, Kenya Grant, Pre-Seed SaaS, AgTech, Farming
Japan Strategic Capital
VC Fund
1 Japan, Nigeria, Vietnam Series A, Pre-Seed Solar, Health Care, Advertising Platforms
UNDP
VC Fund
1
TotalEnergies Ventures
VC Fund
1 United States, France, United Kingdom Series B, Series C Energy, Renewable Energy, Transportation $5M–$60M
Rising Tide Africa
VC Fund
1 Nigeria, United Kingdom, Ghana Seed, Pre-Seed FinTech, Information Technology, Finance $430k–$3M
VilCap Investments
VC Fund
1 United States, India, Kenya Seed, Series A Financial Services, Health Care, FinTech $50k–$6M
Access all 50 VC funds in Africa Artificial intelligence startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

LoftyInc Capital Management
VC Fund · Carmel, California, United States · 6 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 111
  • Round size: Seed $100k–$3.2M; Pre-Seed $100k–$2M; Series A $250k–$15M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Craydel — Get Professional career guidance based on Psychometric Assessments and get scholarships to the best MBA, Engineering, Medical, Education online and on campus courses in Africa and Abroad.
  • EMTECH — For Modern Central Banking
  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
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Future Africa
VC Fund · San Francisco, California, United States · 5 investments in Africa Artificial intelligence startups, 10 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 80
  • Round size: Seed $500k–$3.7M; Pre-Seed $40k–$3.7M; Series A $7M–$20M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Balad — Balad is Egyptian Cross Border Payout Network primarily serving Money Transfer Operators (MTOs), fintechs and mobile wallets. Targeting sending markets including GCC, EU, US, Canada, and UK
  • Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
  • Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.
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Oui Capital
VC Fund · Belmont, Massachusetts, United States · 4 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Transportation, Information Technology, B2B
  • Stage:Pre-Seed, Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 22
  • Round size: Pre-Seed $40k–$1.1M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Duplo — We enable businesses across Africa to simplify their payment flows.
  • Ndovu — Secure your investments in both local and global financial markets on ndovu - a secure, affordable, hassle-free online investment platform in Africa designed to work your money
  • Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 4 investments in Africa Artificial intelligence startups, 16 in the past 12 months

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 123
  • Round size: Seed $125k–$4M; Pre-Seed $15k–$6M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Freename — Redefining Web3 Naming System. Web3 Registrar: custom TLDs and Domains
  • LunarCrush — Smarter crypto, NFT, and stock investing with insights from millions of conversations happening across social.
  • SuperSight — SuperSight (https://supersight.xyz/), a UK-based start-up, is building crypto-specific Large Language Models (LLMs) to revolutionise the way we interact with crypto data. With 420 million crypto users but only 30,000 able to code for onchain insights, SuperSight bridges the gap, enabling easy access to information from a range ofboth on-chain and off-chain sources like Discord, Telegram, Twitter, Mirror, Podcast Transcripts, and news sites. Beyond just collecting data, SuperSight uses AI to improve the search experience, making it personalised, accurate, and ultimately, more insightful.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 4 investments in Africa Artificial intelligence startups, 18 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $200k–$3M; Pre-Seed $200k–$1M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
  • Fixit45 — Your best ever automobile service experience awaits you.
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CV VC
VC Fund · Zug, Zug, Switzerland · 3 investments in Africa Artificial intelligence startups

We invest in blockchain

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Investment focus

  • Industry: Blockchain, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Switzerland, Germany

Investor stats

  • Total investments: 46
  • Round size: Seed $139k–$6M; Pre-Seed $125k–$140k
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pyrpose — Pyrpose is a climate finance platform.
  • Sytemap — We are building a blockchain-based property record to help home buyers and financial companies access, view and verify properties starting from digitizing Estate project layouts (Sytemap) Sytemap is a first step that allows us access to a large pool of property data. The end goal can really be described as building Zillow for Africa.
  • Natix Network — Earn passive income by owning a part of your favourite city
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Bose Ventures
VC Fund · Framingham, Massachusetts, United States · 2 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Software, Wearables, Artificial Intelligence
  • Stage:Series B, Series A
  • Geography: United States, Denmark, South Africa

Investor stats

  • Total investments: 19
  • Round size: Series A $1.5M–$8.3M; Series B $6M–$80M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2018

Portfolio highlights

  • Pison — Pison is a human performance company optimizing cognitive and physiological capability through gesture control. It's a full-stack solution combine hardware, software, machine learning, and UX for AR industries and drones. Investors and partners include Special Forces, Air Force, Harris, First Round DRF, MIT, Draper, and NASA.
  • Vesper — Vesper is an electrical and electronic manufacturing company that specializes in microphones, piezoelectric, and audio. The company is driven by a mission is to deliver voice-powered products to every market, around the world. Vesper was founded in 2009 and headquartered in Boston, Massachusetts.
  • Medrhythms — Pioneering Next-Generation Digital Therapeutics to Improve Walking  
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Orange Ventures
VC Fund · Paris, Ile-de-France, France · 2 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 65
  • Round size: Seed $214k–$4.8M; Series B $11M–$32M; Series C $24M–$75M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • CorralData — Experience the power of AI-generated metrics and insights with CorralData. Get one month free and seamlessly integrate with 200+ data sources with no upfront costs.
  • Epoca — Epoca prepare the health solution of your dreams .
  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
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Black Silver Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: Information Technology, FinTech, Finance
  • Stage:Seed, Pre-Seed, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $879k–$9.1M; Pre-Seed $243k–$3.7M
  • Lead/follow: 86% lead, 14% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Accrual — We are a Software Development Company
  • Cyrrix Cybersecurity — At Cyrrix Cybersecurity, we understand the importance of protecting your business from online threats. Our team provides a full range of cybersecurity services to help safeguard your company's sensitive information and systems. We offer comprehensive risk assessments, penetration testing, and incident response planning to identify and addressvulnerabilities in your network. Our managed security services provide ongoing monitoring and threat detection to keep your business protected around the clock. With our help, you can rest easy knowing that your company's valuable assets are secure.
  • Aesthetic Prosthetic Bionics — Biological Engineering, Bionics, Biomimetics, Hydraulics, Prosthetics, Neuroprosthetics, Exoskeleton Suits, Dynamics, Kinematics Robotics, Human-Robot Interaction, Artificial Organs, Artificial Intelligence, Quantum Computing, Knowledge Reasoning, Machine Learning, Natural Language Processing, Computer Vision, Robotics, Artificial GeneralIntelligence, Deep Learning, Bayesian Networks, Evolutionary Algorithms, Computational Neuroscience, Neurocybernetics, Cybernetics, Cognitive Science, Source Coding, Channel Coding, Algorithmic Complexity Theory, Algorithmic Information Theory, Information-Theoretic Security, Grey System Theory & Biotechnology
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4Di Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Software, Mobile, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: South Africa, United States, Uganda

Investor stats

  • Total investments: 27
  • Round size: Seed $431k–$1.7M; Series A $3.4M–$6.4M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
  • Numida — Growing African small businesses with affordable, convenient, and fair credit.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Maroc Numeric Fund
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Online Portals, Enterprise Software, FinTech
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Morocco, Canada, France

Investor stats

  • Total investments: 24
  • Round size: Seed $200k–$400k; Series A $250k–$700k
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2018

Portfolio highlights

  • Cypherleak — Cypherleak is an automated cyber risk monitoring and scoring solution that uses an organisation's domain name only to map their risk exposure across leaked passwords, attack surface, vulnerabilities and dark web data leakage. Additionally, Cypherleak supports global insurances by powering their cyber insurance products with reliable andaccurate cyber risk modeling and monitoring.
  • Damanesign — Damanesign operates as a digital trust solutions startup. Damanesign is a startup that is seizing new legislation opportunities on digital trust in Morocco to provide users with the utmost safety in documentation.
  • Aza Petrosolutions — Aza Petrosolutions provides services, solutions, and superior software and hardware for fuel management.
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Accion Venture Lab
VC Fund · Washington, District of Columbia, United States · 2 investments in Africa Artificial intelligence startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$6.4M; Series A $2.5M–$7.5M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
  • Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
  • Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.
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Musha Ventures
VC Fund · New York, New York, United States · 2 investments in Africa Artificial intelligence startups

Seed capital for technology startups globally.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $120k–$3M; Pre-Seed $50k–$3.8M; Series A $2.5M–$10M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Terraa — Terraa is a B2B distribution platform in Moroccan.
  • OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
  • Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.
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Partech
VC Fund · Paris, Ile-de-France, France · 2 investments in Africa Artificial intelligence startups, 29 in the past 12 months

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.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 432
  • Round size: Seed $1M–$5.6M; Series A $2.5M–$25M; Series B $8M–$54M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
  • UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
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Luminate Group
VC Fund · London, England, United Kingdom · 2 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: SaaS, GovTech, Politics
  • Stage:Seed
  • Geography: Canada, Nigeria

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Stears — Stears Business has a simple mission: deliver original, analytical, well-written stories that make sense of the Nigerian economy
  • New/Mode — New/Mode is the multi-channel advocacy & civic engagement platform that organizations, campaigns & causes use to win. Join the New/Mode Community.
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Flat6Labs Tunisia
VC Fund · Tunis, Tunis, Tunisia · 2 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: E-Commerce, Retail, Education
  • Stage:Pre-Seed, Seed
  • Geography: Tunisia

Investor stats

  • Total investments: 22
  • Round size: Seed $64k–$200k; Pre-Seed $65k–$79k
  • Lead/follow: 73% lead, 27% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2019

Portfolio highlights

  • Ahkili — Ahkili is a health tech mobile application for appointment booking that connects patients to psychologists.
  • WeMove — WeMove is a fitness marketplace for daily gym passes. They develop innovative solutions that meet your sports issues.
  • LAMMA — Lamma is a web and mobile platform reinventing urban movement for package delivery through an extended carpooling network.
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Knife Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Africa Artificial intelligence startups

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Series A, Seed
  • Geography: South Africa, United States, Sweden

Investor stats

  • Total investments: 23
  • Round size: Series A $2M–$6M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2021

Portfolio highlights

  • Octiv — Octiv is a well-known platform for gym management software.
  • wamly — Streamline your hiring process and save 70% of your hiring hours with Wamly's our one-way video interview software.
  • VoxCroft — VoxCroft is making the world a better, safer place with population-centric intelligence.
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Hustle Fund
VC Fund · San Carlos, California, United States · 2 investments in Africa Artificial intelligence startups, 35 in the past 12 months

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.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 205
  • Round size: Seed $958k–$5.4M; Pre-Seed $77k–$1.5M; Series A $2.1M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Deskree — Generate a complete and scalable back-end infrastructure with tons of features via a web interface. Infinitely scalable & truly independent.
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
  • Series — Series provides full-stack enterprise financial services designed for institutions & enterprises.
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Soma Capital
VC Fund · San Francisco, California, United States · 2 investments in Africa Artificial intelligence startups, 46 in the past 12 months

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

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 324
  • Round size: Seed $1M–$6M; Pre-Seed $150k–$3.6M; Series A $2.1M–$22M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 0xPass — Frictionless auth and login for your dapp
  • Arkifi — Arkifi is an artificial intelligence company that develops AI-powered financial analyst tools. Arkifi's framework generates consistent results that avoid fabricating factual details (referred to as "hallucination"), instilling enterprises with an unmatched level of confidence in the outcomes.
  • Gradia Health — Gradia is an integrated, concierge care platform designed for clinics to support patients with chronic conditions.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 2 investments in Africa Artificial intelligence startups, 15 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 127
  • Round size: Seed $325k–$4.4M; Pre-Seed $50k–$1.1M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $46M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.
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Microtraction
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United States, Canada

Investor stats

  • Total investments: 57
  • Round size: Seed $25k–$1.2M; Pre-Seed $50k–$1M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $15M in 2022

Portfolio highlights

  • Famasi — Famasi is a digital health platform that helps people access their medications, schedule doorstep delivery, and automate monthly refills.
  • Pennee — Pennee supports small businesses to grow with low interest loans and data optimization.
  • Clafiya — Discover Clafiya: Your trusted digital health platform, uniting in-person care and virtual solutions for a personalized and caring healthcare experience. Embrace a healthier, happier you, with us by your side.
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HoaQ
VC Fund · 2 investments in Africa Artificial intelligence startups

Startup Investment Club

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Investment focus

  • Industry: Financial Services, Internet, E-Commerce
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United Kingdom, Togo

Investor stats

  • Total investments: 20
  • Round size: Seed $1.7M–$2M; Angel $100k–$130k; Pre-Seed $115k–$780k
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Clafiya — Discover Clafiya: Your trusted digital health platform, uniting in-person care and virtual solutions for a personalized and caring healthcare experience. Embrace a healthier, happier you, with us by your side.
  • Kunda Kids — Kunda Kids is helping kids around the world fall in love with reading through our storybooks and activity books. Browse our range of storybooks for kids. Perfect for kids ages 3 to 8 years
  • ChekkitApp — Chekkit is a DAG blockchain powered anti-counterfeiting solution for food and drug supply chain tracking and customer insights platform. It helps producers protect their brands, track supply chain activities, and collect last-mile consumer insights in real-time.
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Acasia Ventures
VC Fund · Cairo, Al Qahirah, Egypt · 2 investments in Africa Artificial intelligence startups, 8 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Egypt, Nigeria, Kenya

Investor stats

  • Total investments: 16
  • Round size: Seed $750k–$2.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Menthum — Saving Made Simple
  • Precision Cardiovascular — Precision Cardiovascular is a unique sensor system for remote monitoring of patients with acute heart failure that provides unbiased data to improve long-term health outcomes and reduce the expenses of emergency situations.
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Necessary Ventures
VC Fund · San Francisco, California, United States · 2 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Health Care, Software, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United States, Nigeria, Venezuela

Investor stats

  • Total investments: 33
  • Round size: Seed $3M–$4.2M; Series A $5.9M–$40M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Mooch — Mooch is the last budgeting app you'll ever need. Mooch builds a budget for you based on your personal finances and lifestyle, then automates it every month so you don't have to think about it. The better you are at budgeting and saving money the more rewards you earn from Mooch.
  • Magrathea — Magrathea Metals is a mining company that unlocks centuries of growth in human civilization by reducing the socioenvironmental impacts.
  • Rubi Laboratories — Rubi Laboratories turns carbon emissions into carbon-negative textiles for the fashion industry, with a proprietary synthetic biology technology.
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Basecamp Fund
VC Fund · New York, New York, United States · 1 investments in Africa Artificial intelligence startups

Alumni Ventures offers diversified venture portfolios to accredited investors into highly competitive deals that individuals typically do not have access to on their own.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, Kenya

Investor stats

  • Total investments: 32
  • Round size: Seed $2M–$6M; Pre-Seed $1.1M–$2M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Zenskar — Zenskar seamlessly manages complex subscription and usage based billing. Meter high throughput data, and automate revenue accounting, analytics & dunning.
  • DataBrain — DataBrain creates a single source of truth for metrics for data teams so they can easily collaborate, add governance and operationalize metrics.
  • Bridge Money — The path towards upward economic mobility.
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P1 Ventures
VC Fund · San Francisco, California, United States · 1 investments in Africa Artificial intelligence startups, 11 in the past 12 months

P1 Ventures works as a venture capital firm. They specialize in early-stage industrial technology firms in Africa.

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Investment focus

  • Industry: Financial Services, Payments, FinTech
  • Stage:Seed, Series B, Pre-Seed
  • Geography: Egypt, Kenya, Nigeria

Investor stats

  • Total investments: 32
  • Round size: Seed $350k–$3.5M; Pre-Seed $575k–$2M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Nkoloso — Nkoloso is a company that uses advanced AI and robotics for agriculture, forestry, and infrastructure industries.
  • Kotani Pay — Kotani Pay is a technology stack that enables blockchain protocols, dapps, and blockchain fintech companies to integrate seamlessly to local payment channels providing them with a reliable on ramp and off ramp service to reach a wider customer base in Africa.
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OEL Venture Investments
VC Fund · 1 investments in Africa Artificial intelligence startups

OEL Venture Investments

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Investment focus

  • Industry: Agriculture, Farmers Market, Machine Learning
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer
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Serena Ventures
VC Fund · San Francisco, California, United States · 1 investments in Africa Artificial intelligence startups

Serena Ventures focuses on early-stage companies and giving them the opportunity to be heard. Serena Ventures extends relationships, encourages collaboration among portfolio companies, and expands partnership opportunities across my vast network.

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Investment focus

  • Industry: E-Commerce, Health Care, Wellness
  • Stage:Seed, Series A
  • Geography: United States, Canada, Spain

Investor stats

  • Total investments: 67
  • Round size: Seed $1.6M–$8.8M; Series A $2.9M–$20M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $111M in 2022

Portfolio highlights

  • Juno Medical — Juno Medical offers comprehensive, modern healthcare services for the whole family. Transparent pricing, inclusive and welcoming atmosphere. Learn more.
  • Teal Health — Teal Health is on a mission to empower women when it comes to their health – starting with at-home cervical cancer screenings. We believe that it’s time for women’s health to be designed for women, their preferences, and their experiences. With this in mind, Teal Health is creating the first FDA-approved at-home cervical cancer screening makingit simple for a woman to stay current on this life-saving screening from the comfort, convenience, and privacy of her home. Through timely screenings, Teal health plans to eradicate cervical cancer in the US.Teal is backed by passionate and committed investors who share this important vision, including Felicis Ventures, Emerson Collective, Metrodora, and Serena Ventures.
  • SoLo Funds — SoLo is a community that allows members to easily access and supply short-term funds for immediate needs. Our community works together to create mutually beneficial outcomes where members can both improve their financial health.
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Wavecrest Growth Partners
VC Fund · Boston, Massachusetts, United States · 1 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Private Equity, Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 24
  • Lead/follow: 79% lead, 21% follow
  • Last fund: Likely still investing — raised $290M in 2021

Portfolio highlights

  • EDITED — Market, competitor, and enterprise retail analysis and automation, empowering buyers, planners, merchandisers, and marketers to grow profits.
  • Cardata — Fully-managed vehicle reimbursement programs and software that are transparent, reliable, and efficient, so you save time, money, and headaches.
  • Rapid Applications Group — Heavy Equipment and Machinery Software: Rapid ERP Systems is used to dispatch and manage more concrete pumping jobs in US & Canada than all other solutions combined.
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LeapFrog Investments
VC Fund · Port Louis Town, Port Louis, Mauritius · 1 investments in Africa Artificial intelligence startups

Scaling purpose-driven businesses to achieve leaps of growth, profitability and impact.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Private Equity, Series D
  • Geography: India, Ghana, Nigeria

Investor stats

  • Total investments: 41
  • Round size: Series D $36M–$55M; Private Equity $6.8M–$110M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • PasarPolis — PasarPolis is an insurtech startup that provides an online insurance comparison platform for individuals. The company offers quotes for health insurance, life insurance, car insurance, personal insurance, property insurance, and claims processing services.The company was founded by Cleosent Randing in 2015 and is headquartered in Jakarta,Indonesia.
  • MedGenome — MedGenome is a developer of sequencing genomics-based diagnostics and research platform intended to improve global health. The company's platform applies genomics technologies, bioinformatics, computing, and big data analytics to the genetically diverse and large population to understand the genetic basis of cancer, metabolic disorders, eyedisorders, and other rare diseases, enabling the healthcare industry to develop deep insights into diseases at the genetic and molecular level.
  • Shubham Housing Development Finance Company — At Shubham Housing Finance we provide affordable housing loan with a hassle-free documentation process and easy EMI's options for the low-income segment.
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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 1 investments in Africa Artificial intelligence startups, 14 in the past 12 months

U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest in projects that create jobs in emerging markets in sectors including energy, healthcare, critical infrastructure,telecommunications, and financing for small businesses and women entrepreneurs. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 55
  • Round size: Post-IPO Debt $34M–$765M; Debt Financing $8.8M–$200M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • TerraPay — Accelerating business growth with uninterrupted global payouts and collections
  • TechMet — TechMet Ltd backs world-class teams and makes direct investments into companies and assets across the value chain.
  • Kentegra Biotechnology Holdings LLC — Kentegra Biotechnology Holdings is a leading U.S-Kenyan company that supports a Kenyan-based biopesticide processing business that aggregates, extracts, and refines pale refine extract (PRE) from the pyrethrum flower, and sells the PRE to formulators across the world. Kentegra is committed to improving farmer’s livelihoods by investing in thecommunities where we are working to help farmers and their families have a more stable income and better quality of life.Grants: Norad 2021, AgriFi 2020, USAID 2020, USAID 2019, DEG 2020, DEG 2019
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VestedWorld
VC Fund · Chicago, Illinois, United States · 1 investments in Africa Artificial intelligence startups, 7 in the past 12 months

VestedWorld is an early-stage venture capital firm that invests in emerging markets companies that have the potential to generate competitive financial returns while contributing towards the growth and development of the markets in which they are located. The firm supports these businesses through the infusion of capital, active involvement incorporate governance, and by providing direct strategic and operational assistance.

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Investment focus

  • Industry: Agriculture, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Nigeria, Kenya, Ghana

Investor stats

  • Total investments: 24
  • Round size: Seed $1.6M–$2.5M; Series A $4.2M–$4.4M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • FarmWorks — FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
  • EMTECH — For Modern Central Banking
  • Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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Sanari Capital
VC Fund · Sandston, Virginia, United States · 1 investments in Africa Artificial intelligence startups

Sanari Capital is a South African private investment company. They partner with owners and management in building companies, concepts and ideas.

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Investment focus

  • Industry: Information Technology, Laser, Sensor
  • Stage:Series A, Series B
  • Geography: United States, South Africa, New Zealand

Investor stats

  • Total investments: 5
  • Round size: Series A $3M–$15M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $26M in 2022

Portfolio highlights

  • iiDENTIFii — iiDENTIFii provides a secure and user-friendly technology platform, your trusted partner in remote biometric identity authentication
  • Edulife Group — Edulife Group is the largest independent school group in the Free State Province.
  • LightWare LiDAR — LightWare, leader in laser range-finder technology. We develop and distribute innovative laser rangefinder products for application across multiple industries. Responsiveness to our customers, product innovation, product & service quality and business integrity are the core pillars of our success.
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RTA
VC Fund · 1 investments in Africa Artificial intelligence startups

RTA is an Investment firm.

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Investment focus

  • Industry: Internet, Logistics, Blockchain
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • ChekkitApp — Chekkit is a DAG blockchain powered anti-counterfeiting solution for food and drug supply chain tracking and customer insights platform. It helps producers protect their brands, track supply chain activities, and collect last-mile consumer insights in real-time.
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Appsolute Ventures
VC Fund · 1 investments in Africa Artificial intelligence startups

A South African venture firm focussed on early stage African startups. By the founders of Bottles, the on-demand liquor delivery app.

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Investment focus

  • Industry: Big Data, Analytics, Data Integration
  • Stage:Pre-Seed
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • MetaPOS — South African Data Tech company focused on the ethical monetisation of data.
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Maxula Seed Fund
VC Fund · Tunis, Tunis, Tunisia · 1 investments in Africa Artificial intelligence startups

Maxula Seed Fund is to offer both financings to startups to develop their activity and new ideas to the companies.

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Investment focus

  • Industry: SaaS, AgTech, Gaming
  • Stage:Seed
  • Geography: Tunisia

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • MooMe — Lifeye is an AgTech startup that envisions to fill the data gaps between the different dairy farming stakeholders toward a more efficient dairy cow production and diseases prevention with its flagship solution MooMe. MooMe is the modern Dairy Ecosystem Management Platform. With all the essential data in one place, MooMe helps the dairy ecosystemstakeholders get the best from their day-to-day operations - So they can focus on creating value for their customers.
  • NewGen Studio — NewGen Studio is a Game Development Studio based in Tunisia working on a F2P 3rd Person hero based PC game.
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Cascador
VC Fund · Lekki, Lagos, Nigeria · 1 investments in Africa Artificial intelligence startups

Cascador | Business Growth Accelerator for Mid-Stage Nigerian Companies Cascador is a business growth program for Nigerian entrepreneurs leading mid-stage companies, providing mentoring and access to advisors, and investors.

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Investment focus

  • Industry: Analytics, Digital Media, Data Integration
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Stears — Stears Business has a simple mission: deliver original, analytical, well-written stories that make sense of the Nigerian economy
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Melo7 Tech Partners
VC Fund · New York, New York, United States · 1 investments in Africa Artificial intelligence startups

Melo7 Tech Partners, LLC was founded by Carmelo Anthony and Stuart Goldfarb to invest in and develop opportunities primarily in early stage digital media, consumer internet and technology ventures.

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Investment focus

  • Industry: E-Commerce, Digital Media, Analytics
  • Stage:Seed, Series A, Series B
  • Geography: United States, Nigeria

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • Stears — Stears Business has a simple mission: deliver original, analytical, well-written stories that make sense of the Nigerian economy
  • Ambrosia — Industrial/Organic is an organic waste solutions provider that offers infrastructure-as-a-service to waste industry. The company converts food scraps into high-value resources in a distributed facility model.
  • Mercury — A complete financial stack to build your company. Scale with FDIC-insured bank accounts, debit and credit cards, and 3-click payment flows.
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SVG Ventures
VC Fund · Los Gatos, California, United States · 1 investments in Africa Artificial intelligence startups

We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the agtech and foodtech industries.

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Investment focus

  • Industry: AgTech, Agriculture, Farming
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, Ireland

Investor stats

  • Total investments: 91
  • Round size: Seed $100k–$5.7M; Pre-Seed $75k–$100k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • FarmWise — FarmWise provides technology-based services that allow farmers to streamline farm operations and increase food production efficiency.
  • Napigen — We are the genome editing company specialized for mitochondrial engineering. We address unmet needs of future food supplies by creating hybrid crop plants to boost their yields to an unprecedented level. The company’s technology creates robust male sterile lines that are ideal over conventional lines because of their stability and elitebackgrounds. This allows the production of non-GM hybrid seeds in crop plants that are currently mostly non-hybrid such as wheat. Our technology solution is expected to fulfill the highest level of public acceptance and aspiration.
  • Muddy Machines — Muddy Machines is working on field robots to help farms manage labor-intensive crops by completing the fieldwork.
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Harambeans
VC Fund · 1 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: Supply Chain Management, Transportation, Information Technology
  • Stage:Seed, Angel, Grant
  • Geography: Nigeria, Kenya, South Africa

Investor stats

  • Total investments: 8
  • Round size: Seed $100k–$3.1M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Releaf — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • 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.
  • SHYFT Power Solutions — SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enablingDERs to scale and support existing but unreliable grids.
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MaC Venture Capital
VC Fund · Los Angeles, California, United States · 1 investments in Africa Artificial intelligence startups, 27 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Kenya, Nigeria

Investor stats

  • Total investments: 203
  • Round size: Seed $1.4M–$7M; Pre-Seed $235k–$4M; Series A $3.5M–$50M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Gradia Health — Gradia is an integrated, concierge care platform designed for clinics to support patients with chronic conditions.
  • Exponential Exchange — Exponential Exchange is designing contemporary commodities and brokered financial products.
  • Stoke Space — STOKE Space Technologies seamlessly connecting earth and space.
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Newid capital
VC Fund · Alexandria, Virginia, United States · 1 investments in Africa Artificial intelligence startups

Newid Capital invests internationally in growth-oriented financial services companies serving the underbanked.

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Investment focus

  • Industry: Financial Services, FinTech, Credit
  • Stage:Series A, Seed, Series B
  • Geography: India, Kenya, Turkey

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$1.3M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Lulalend — Financial provider for SME business banking accounts, business funding, and trade capital in South Africa. Do not delay. Click now to learn more and start today!
  • NOW Money — NOW Money is the UAE's first digital payroll and mobile bank service developed specifically for low income workers.
  • Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer
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Crossfin Technology
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: Payments, Financial Services, Information Technology
  • Stage:Series A, Private Equity
  • Geography: South Africa, United States, Russian Federation

Investor stats

  • Total investments: 14
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Adumo — We are your expert partner in payments, enabling you to seamlessly and securely accept payments in-store and online with our true omni-channel experience. Never miss a sale with South Africa's largest independent payments processor.
  • My-iMali — My-iMali is a mobile wallet solution used for safe and secure transactions. Pay any number of people for only R1.25, including Staff & Students.
  • VantagePay — VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services, and Consumer Product Industries.
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Twilio
VC Fund · San Francisco, California, United States · 1 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Egypt, Brazil

Investor stats

  • Total investments: 26
  • Round size: Seed $195k–$1.7M; Series A $8M–$15M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • PolyAI — Consistently deliver your best brand experience, achieve accurate resolution and uncover data-driven business opportunities
  • Frame AI — Frame AI is the customer feedback intelligence engine that powers winning CX with automatic sentiment, effort, and actionable themes extracted from every customer interaction in every channel. Learn how leading companies like Fastly, NVIDIA, and Oscar Health use Frame AI to activate needle-moving customer feedback at www.frame.ai.
  • Treble.ai — Convierte WhatsApp en tu canal de ingresos #1 con Treble.ai, la plataforma de Marketing por WhatsApp que aumenta conversiones
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Water and Energy for Food Grand Challenge
VC Fund · Washington, District of Columbia, United States · 1 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: SaaS, AgTech, Farming
  • Stage:Grant, Pre-Seed
  • Geography: India, Kenya

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Synnefa — We provide an online farm record-keeping software as a service and integrate this platform with IoT solar-powered soil sensors to give farmers a 360-degree view of their farm and eliminate any guesswork. We leverage AI and ML technologies to analyse IoT data and agronomy data to increase production by 60% while reducing farm input costs by 40%.
  • Oorja Development Solutions — Oorja is a project developer of solar PV systems to power livelihoods in emerging markets.
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Japan Strategic Capital
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Africa Artificial intelligence startups

Vision and Mission We are a team of professionals bridg

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Investment focus

  • Industry: Solar, Health Care, Advertising Platforms
  • Stage:Series A, Pre-Seed
  • Geography: Japan, Nigeria, Vietnam

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $412M in 2013

Portfolio highlights

  • Hiip — Hiip has helped +1,000 brands collaborate with +20,000 vetted influencers across Southeast Asia via our offices in Vietnam, Indonesia, Thailand, The Philippines and Singapore
  • yasaikobo — yasaikobo is astart-up to operate a fully artificial light plant plant factory.
  • ChekkitApp — Chekkit is a DAG blockchain powered anti-counterfeiting solution for food and drug supply chain tracking and customer insights platform. It helps producers protect their brands, track supply chain activities, and collect last-mile consumer insights in real-time.
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UNDP
VC Fund · New York, New York, United States · 1 investments in Africa Artificial intelligence startups

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

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Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Netagrow Technologies — Netagrow's intelligent, seamless agriculture solution helps customers maintain higher standards of crop quality and growth capacity by artificial intelligence monitoring, analytics, and automation. We help forest and agricultural companies save resources, increase yields, and manage land in a more environmentally responsible manner. Those withsmall scale and commercial needs seek to improve and expand forest and agricultural production.
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TotalEnergies Ventures
VC Fund · La Défense, Ile-de-France, France · 1 investments in Africa Artificial intelligence startups

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.

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Investment focus

  • Industry: Energy, Renewable Energy, Transportation
  • Stage:Series B, Series C
  • Geography: United States, France, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Series B $9.3M–$38M; Series C $5M–$60M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Autogrid — Work with the Leader in Energy Internet. 50+ Customers. 10+ Countries.Regulated and Deregulated Energy Companies.
  • 45-8 ENERGY — 45-8 ENERGY is exploring eco-friendly helium for uses in many industries.
  • Zola Electric — ZOLA Electric designs renewable energy solutions based on the latest in solar, battery and power electronics technology. Adaptable to energy need and income, ZOLA Electric’s solar systems can be bought over time using PAYGo micro-finance leasing and mobile money payments. ZOLA Electric powers more than 180,000 homes and businesses across Tanzania,Rwanda, Côte d’Ivoire and Ghana. Investors include Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF, Total and GE Ventures. ZOLA Electric is a recipient of the UN Momentum for Change Award, the Zayed Future Energy Prize and is a member of the Global Cleantech 100.
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Rising Tide Africa
VC Fund · 1 investments in Africa Artificial intelligence startups

About Us Rising Tide Africa functions as part of a Global movement of The Rising Tide Program for Africa. It constitutes a group of women angel investors harnessing their power, network, passion and capital to positively impact and actively create a New Africa. Learn More Our Pillars Investment Access to High Potential Early Stage Co-investment

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Investment focus

  • Industry: FinTech, Information Technology, Finance
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United Kingdom, Ghana

Investor stats

  • Total investments: 10
  • Round size: Seed $1.6M–$3M; Pre-Seed $430k–$600k
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Wealth8 — Wealth8 is a black-owned investment platform that provides a simple and affordable way for the black community to save & invest in globally managed funds.
  • ANKA — ANKA is a platform to discover, buy, and sell African fashion, arts, and crafts. ANKA’s goal is to allow African creation lovers to live their passion while allowing the creators to live from theirs. ANKA facilitates transactions and exchanges directly between buyers and sellers on both sides of the world, in a user-friendly and secure way.
  • Seso Global — Seso Global is a platform for secure real estate management and transactions in Africa.Based in Lagos (Nigeria), Accra (Ghana) and Cambridge (UK), Seso Global is a Digital Lands Transactions platform that facilitates secure, trusted, and risk-free Blockchain Land Transactions between, Property Owners, Land Service Agencies and FinancialInstitutions.
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VilCap Investments
VC Fund · San Francisco, California, United States · 1 investments in Africa Artificial intelligence startups

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

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Investment focus

  • Industry: Financial Services, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 89
  • Round size: Seed $50k–$2.5M; Series A $2M–$6M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Vexi — Vexi issues, operates and processes credit cards for young underbanked population on a mission to make credit accessible, through a 100% digital onboarding and unparalleled customer experience
  • SatSure — SatSure, they are on a mission to evolve crop insurance products and provide accurate risk assessment of crop yield by integrating climatic variables with geospatial and economic datasets.
  • Altro (fka Perch) — Perch Credit (also known as Perch), is a fin-tech mobile app that allows users to take common recurring expenses, such as their subscriptions & rent, and turn these into creditworthy data points. Perch is currrently live on iOS and plans to be on Android in the coming months.Perch recently graduated YC (S20) and closed 2.5M in their mostrecent round.
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