# Top 50 Artificial intelligence VC (Venture Capital) Funds 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.

## 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.

## 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.

## 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

## 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

## 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

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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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## 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.

## 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.

## 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.

## 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

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

Startup Investment Club

## 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.

## 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.

## Basecamp Fund
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

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

## P1 Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series B, Pre-Seed
- Focus: Financial Services, Payments, FinTech

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

## OEL Venture Investments
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Agriculture, Farmers Market, Machine Learning

OEL Venture Investments

## Serena Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Health Care, Wellness

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.

## 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.

## LeapFrog Investments
- Type: VC Fund
- Location: Port Louis Town, Port Louis, Mauritius
- Relevant deals: 1
- Stages: Private Equity, Series D
- Focus: Financial Services, Finance, FinTech

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

## U.S. International Development Finance Corp
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Financial Services, Finance, FinTech

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.

## VestedWorld
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Agriculture, E-Commerce, Financial Services

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.

## Sanari Capital
- Type: VC Fund
- Location: Sandston, Virginia, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Information Technology, Laser, Sensor

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

## RTA
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, Logistics, Blockchain

RTA is an Investment firm.

## Appsolute Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Big Data, Analytics, Data Integration

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

## Maxula Seed Fund
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, AgTech, Gaming

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

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

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.

## Melo7 Tech Partners
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Digital Media, Analytics

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.

## SVG Ventures
- Type: VC Fund
- Location: Los Gatos, California, United States
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: AgTech, Agriculture, Farming

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

## 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.

## 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.

## Newid capital
- Type: VC Fund
- Location: Alexandria, Virginia, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Financial Services, FinTech, Credit

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

## 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.

## 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.

## 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.

## Japan Strategic Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Pre-Seed
- Focus: Solar, Health Care, Advertising Platforms

Vision and Mission We are a team of professionals bridg

## 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.

## 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.

## Rising Tide Africa
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: FinTech, Information Technology, Finance

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

## 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.

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