# Top 50 B2B VC (Venture Capital) Funds in Africa in October 2023

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Loyal VC | 4 | United States, Canada, United Kingdom | Pre-Seed, Seed | Software, Artificial Intelligence, E-Commerce |
| Future Africa | 4 | Nigeria, United States, Kenya | Seed, Pre-Seed, Series A | Financial Services, FinTech, Information Technology |
| Harambeans | 3 | Nigeria, Kenya, South Africa | Seed, Angel, Grant | Supply Chain Management, Transportation, Information Technology |
| CRE Venture Capital | 3 | South Africa, Nigeria, United States | Seed, Series A, Pre-Seed | Financial Services, FinTech, Software |
| Consonance Investment Managers | 3 | Nigeria, United States, Kenya | Seed, Series A, Pre-Seed | Software, Information Technology, FinTech |
| Musha Ventures | 3 | United States, Nigeria, Kenya | Seed, Pre-Seed, Series A | Financial Services, Software, FinTech |
| LoftyInc Capital Management | 3 | United States, Nigeria, Egypt | Seed, Pre-Seed, Series A | FinTech, Financial Services, Software |
| Orange Ventures | 3 | France, United States, United Kingdom | Seed, Series B, Series C | Software, FinTech, Financial Services |
| Chandaria Capital | 3 | Kenya, United States, Egypt | Seed, Series A, Pre-Seed | E-Commerce, FinTech, Software |
| Janngo | 2 | Nigeria, Senegal | Seed | B2B, Logistics, E-Commerce |
| Ardent Capital | 2 | Nigeria, Indonesia, Thailand | Seed, Pre-Seed, Series A | E-Commerce, Internet, Software |
| Waarde Capital | 2 | Israel, Nigeria, France | Convertible Note, Series B | B2B, Manufacturing, Information Technology |
| Logos Ventures | 2 | Kenya, United States | Seed, Pre-Seed | B2B, FinTech, Logistics |
| VestedWorld | 2 | Nigeria, Kenya, Ghana | Seed, Series A, Series B | Agriculture, E-Commerce, Financial Services |
| Enza Capital | 2 | Nigeria, Kenya, South Africa | Seed, Pre-Seed, Series A | Logistics, E-Commerce, B2B |
| Reflect Ventures | 2 | Pakistan, United States, Peru | Seed, Series A, Pre-Seed | Information Technology, Logistics, E-Commerce |
| DOB Equity | 2 | Kenya, Rwanda, Tanzania | Private Equity, Seed | Food and Beverage, Farming, Health Care |
| Launch Africa | 2 | Nigeria, South Africa, Kenya | Seed, Pre-Seed | Financial Services, FinTech, Information Technology |
| LocalGlobe | 1 | United Kingdom, United States, France | Seed, Series A | Software, Financial Services, E-Commerce |
| Foundamental | 1 | United States, India, Singapore | Seed, Series A, Pre-Seed | Construction, Software, Real Estate |
| Atlantica Ventures | 1 | Nigeria, Kenya, South Africa | Pre-Seed, Seed, Series A | Internet, B2B, Health Insurance |
| Savannah Fund | 1 | Kenya, United States, South Africa | Seed, Series A, Pre-Seed | E-Commerce, FinTech, Information Technology |
| Outlierz Ventures | 1 | Morocco, Egypt, Kenya | Seed, Pre-Seed, Series A | Supply Chain Management, Logistics, Information Services |
| Kepple Africa Ventures | 1 | Nigeria, Kenya, Egypt | Seed, Pre-Seed | Financial Services, FinTech, Software |
| Timon Capital | 1 | Kenya, Nigeria, United States | Seed, Series A | Internet, Information Technology, Logistics |
| Village Global | 1 | United States, United Kingdom, India | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Paradox Capital | 1 | Japan, Nigeria | Seed, Pre-Seed | B2B, SaaS, FinTech |
| Flexport | 1 | United States, Pakistan, Egypt | Series A, Seed, Series B | Logistics, Software, E-Commerce |
| Raba Partnership | 1 | South Africa, United States, Egypt | Seed, Series A, Pre-Seed | Financial Services, FinTech, Finance |
| CDG Invest | 1 | Morocco, France, Switzerland | Pre-Seed, Seed, Convertible Note | Apps, Software, Internet |
| Haskè Ventures | 1 | Senegal | Seed, Pre-Seed | B2B, Retail, Banking |
| DNA Capital | 1 | United States, Brazil, China | Seed, Series A, Series B | Health Care, Medical, Wellness |
| Fedgroup | 1 | South Africa | Seed | B2B, Insurance, Financial Services |
| Flat6Labs | 1 | Egypt, United Arab Emirates, Saudi Arabia | Seed, Pre-Seed | Software, E-Commerce, Apps |
| Alumni Ventures | 1 | United States, United Kingdom, Canada | Seed, Series A, Series B | Software, Information Technology, Health Care |
| WIC Capital | 1 | Senegal | Seed | Retail, B2B, Food Processing |
| Réseau Entreprendre | 1 | France, Morocco | Seed, Angel | Software, Information Technology, E-Commerce |
| MPGI | 1 | Germany, India, United Kingdom | Seed, Series A, Pre-Seed | Financial Services, FinTech, E-Commerce |
| Story Ventures | 1 | United States, Poland, Morocco | Seed, Series A, Series B | Information Technology, Health Care, Software |
| 468 Capital | 1 | Germany, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Information Technology |
| Nosara Capital | 1 | United States, Germany, Nigeria | Series A, Series B, Series C | E-Commerce, B2B, SaaS |
| Beta.Ventures | 1 | Nigeria, United States, United Kingdom | Seed, Pre-Seed, Series A | Financial Services, FinTech, B2B |
| Jigsaw VC | 1 | United Kingdom, India, Kenya | Series A, Seed, Series B | Financial Services, Software, Artificial Intelligence |
| Jua Fund | 1 |  |  |  |
| Eudaimonia Capital | 1 | United States, China, Singapore | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Information Technology |
| Afropreneur Angels | 1 | Kenya, Senegal | Seed | B2B, Retail, Social Network |
| Sankore Securities | 1 | Nigeria | Seed | B2B, Logistics, E-Commerce |
| Partech | 1 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| Endeavor Catalyst | 1 | United States, Brazil, Mexico | Series B, Series A, Series C | E-Commerce, Software, Information Technology |
| Afri Mobility | 1 | Morocco, France | Seed, Convertible Note | B2B, Apps, Retail |

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