Top 40 Big Data VC (Venture Capital) Funds in Africa in October 2023

Portfolio highlights

• Gamp — Gamp is an IT services provider that offers device protection plans and repair support for tech users and businesses.
• 54gene — 54gene is a healthcare startup unlocking the African genome to fuel genetic research and development that may lead to new discoveries and benefit all populations.54gene was founded in 2019 by Dr. Abasi Ene-Obong to address the significant gap in the global genomics market: Nearly 90% of genetic material used in pharmaceutical research iscaucasian. Only 2% is African, despite the fact that Africans and people of African ancestry are more genetically diverse than all other world populations combined. As a result, pharmaceutical research and development is lacking the diverse data that may hold the key to medical discoveries and new healthcare solutions.
• Subsbase — Discover the future of recurring revenue management with Subsbase. Streamline your operations, boost growth, and elevate customer experiences with our cutting-edge platform.

Portfolio highlights

• CNote — CNote created technology to streamline community-centered impact investing at scale. Further Racial Equity and Social Justice by investing with CNote.
• Rhaeos — Rhaeos, the world's first wearable shunt monitor, aims to improve the quality care for patients with hydrocephalus through a novel, thermal biosensor. Developed within Northwestern University with collaboration between Dr. John Rogers, McCormick School of Engineering, Feinberg School of Medicine and Kellogg School of Management, Rhaeosrepresents a unique multidisciplinary translational effort for an important clinical need.
• Masa — Masa Finance seeks to disrupt traditional centralized credit infrastructure by providing individuals, businesses, and developers with the tools to access credit and enable untapped wealth creation for 4.95B people globally.

Portfolio highlights

• SteinCares — SteinCares is a supplier of specialty healthcare products, such as complex generics, biosimilars, and cutting-edge pharmaceuticals.
• Veritas Finance — Veritas Finance focuses on meeting the financial needs of the micro, small, and medium enterprises. Veritas Finance Private Limited is an organization started with the primary intention of reaching out to the customers who either have no access or inadequate access to financial services in the informal sector. 'Veritas' in Latin meanstruth. True to its name, Veritas is focused on making a true impact through inclusive access to financial services on the customers engaged in informal activities.The company is run by professionals with rich experience in the financial services industry that aims to make availing credit easy to this segment and make a positive impact on the lives of millions of Indians engaged in informal activities and who actually build the nation.
• Mahindra Last Mile Mobility — Mile Mobility is a division of M&M that is in charge of the company's well-known mix of petrol, CNG, diesel, and electric last mile mobility 3- and 4-wheelers - passenger and freight vehicles.

Portfolio highlights

• Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
• Jumba — Jumba is a construction technology platform that streamlines B2B construction material purchase and financing.
• UTU Technologies — Trust infrastructure for the sharing economy.

Portfolio highlights

• Sabipay — Pastel is a leader in Artificial Intelligence. We build products targeted at individuals (SwiftMoney) and enterprises (Sigma) in emerging markets
• Talstack — Talstack is an all-in-one platform for employee growth and development
• 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.

Portfolio highlights

• Sabipay — Pastel is a leader in Artificial Intelligence. We build products targeted at individuals (SwiftMoney) and enterprises (Sigma) in emerging markets
• Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.
• Jetstream Africa — Jetstream is a supply chain platform that powers freight forwarding and global exports for African suppliers. With tracking and consolidated (LCL) shipping Jetstream levels the playing field for access to international trade for African SMEs with the click of a button.

Portfolio highlights

• Cypago — End-to-end intelligent compliance solution for any security standard including SOC 2, ISO 27001, SOX-ITGC, and HIPAA
• Swapp — Real estate developers, architects and engineers use Swapp to design buildings in a smart, flexible and efficient process.
• NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.

Portfolio highlights

• GoMetro — GoMetro designs deploy and operate flexible mobility platforms. Their proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold new mobility strategies. Their connected transport digital platform equips transport planners to respond to thechallenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.

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.

Portfolio highlights

• Appzone Group — We are now Zone; a blockchain enabled payment infrastructure company. Our original business is now a separate stand-alone company called Qore.
• Kobo360 — Kobo360 is Africa's leading supply chain technology platform. We are simplifying the supply chain ecosystem with end-to-end tech products, providing a 360-degree view to all stakeholders.
• AfyA Care — AfyA Care invests in healthcare assets with a vision to make healthcare accessible and affordable.

Portfolio highlights

• Aumet — Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests.
• Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
• Credable — Credable is the Digital Banking Platform that is driving the future of banking by embedding financial services in businesses across emerging markets.

Portfolio highlights

• Edgecortix — At Edgecortix, we automate the design of AI accelerators for on-device deep learning. Our Dynamic Neural Accelerator IP, and performance optimized AI Software & Hardware Co-exploration framework, reduces time to market and brings massive cost savings across multiple industry verticals.
• Habito — We're the Treating Customers Fairly Champion of 2023 as voted for in the British Bank Awards. We're here to make mortgages easier - no paperwork, no stress and no fees.
• Captain Fresh — Captain Fresh is a freshwater fish and seafood supply chain platform. Captain Fresh is a B2B marketplace leveraging technology to deliver the fastest harvest-to-retail in the industry. The company focuses on aggregating the fragmented retail demand across the country and linking them to the small fishermen and farmers throughout the Indian coast.The company was founded in 2019 and is based in Bengaluru, India.

Portfolio highlights

• 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.
• Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
• Intuition Robotics — Intuition Robotics empowers older adults to live happier, healthier and independent lives at home with an empathetic digital companion, ElliQ.

Portfolio highlights

• Asaak — Asaak is an asset financing company redefining financial inclusion and mobility for millions across Africa. Apply for a loan today!
• Nawah Scientific — Nawah is MENA & Africa's first Cloud Lab providing Analytical and R&D services to the region's life science, food, agricultural and pharmaceutical sectors.
• And Africa — And Africa is a consulting and investment advisory firm located in Tokyo, Japan with a branch office in South Africa.

Portfolio highlights

• ZoomAgri — ZOOMAGRI provides an assessment of agricultural commodities to all participants of Agri supply chain via AI, computer vision and IoT.
• Supplynote — End-to-end supply chain management tool to track inventory, orders, payments and suppliers online
• Navi Medical Technologies — Navi Medical Technologies is a medical device development company.

Portfolio highlights

• Shuttlers — Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region.
• Snowstorm — Snowflake is decentralized and is deployed as a pluggable transport for Tor.
• Senga Technologies — Welcome to Senga, custom-built, with love, for businesses shipping in Africa.

Portfolio highlights

• Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
• Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.
• Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.

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.

Portfolio highlights

• Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
• Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.
• Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.

Portfolio highlights

• Syscap — Syscap is a financial technology company that offers cutting-edge solutions to financial institutions to have a better administration and management of their funding sources. It connects the leaders of financial and real estate institutions with their funders. For institutions, the company ensures the optimization of their funding source managementprocesses, but also the strengthening of the relationship with their funders. To funders, Syscap guarantees the transparency and timely monitoring of its funds for the safety and growth of its resources.
• Godochurch — GoDoChurch is a cloud-based church administration software which is designed to assist Christian churches and ministries with managing members, Sunday services, events, communications, and more. The system is made up of a base package, covering messaging, news, ministries, lists, church roles, services, events, and growth paths, with additionalmodules for managing follow-ups, groups, and Kids church.
• Ikeja Wireless — Welcome to your Ikeja. We are a home-grown tech company that builds services enabling affordable internet access to Ekasi. We may have coverage in your area!

Portfolio highlights

• REEV — REEV motorizes medical orthoses to help millions of people affected by gait disorders to walk, stand, sit and climb stairs with greater ease every day.
• Greenscope — Greenscope is a company and investor-focused ESG management solution. Greenscope has enabled us to implement a new process for collecting and analyzing ESG data.
• Umiami — Umiami Technologies is a leader in plant-based meat. Our proprietary technology allows us to create clean-label and incredibly tasty foods.

Portfolio highlights

• Blue Star — Blue Star manufactures air conditioning products, water purifiers, air purifiers, air coolers, commercial refrigeration products, and cold chain equipment for both residential and commercial applications. They provide contracting services in electrification, plumbing, and firefighting. They offer marketing and maintenance of imported professionalelectronics, and industrial products and systems.
• JSW Infrastructure — JSW Infrastructure operates environment-friendly seaports & terminals.
• Intercontinental Hotels Group — IHG® is one of the world’s leading hotel companies, with 400,000 colleagues working across more than 100 countries to deliver True Hospitality for everyone. It operates and franchises over 5,600 hotels and resorts and 842,000 rooms globally across 16 brands.

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.

Portfolio highlights

• Autogrid — Building a Resilient and Sustainable Grid with Distributed Energy Resources. Enabling a smarter, cleaner, more distributed electric power grid.
• 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.

Portfolio highlights

• GoMetro — GoMetro designs deploy and operate flexible mobility platforms. Their proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold new mobility strategies. Their connected transport digital platform equips transport planners to respond to thechallenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.
• Talk360 — Talk360 is an easy-to-use calling app that helps people make affordable international calls to any mobile and landline number. They believe that reliable communication and digital services must be affordable and accessible to everyone, regardless of someone's background. Especially people in emerging countries in Africa, who often need theseservices the most, do not always have the necessary banking possibilities. To bridge this distance, Talk360 will launch the world's first single checkout platform for Africa. This platform will combine all locally available payment methods and currencies across Africa, together with over 1.25 million cash points of sales, and will eventually be available to other companies as well. This means that 500 million Africans will be able to purchase digital services they never had access to before.
• Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.

Portfolio highlights

• Balad — Balad enable smooth, cheaper and faster money transfer remittance into Egypt bank accounts, mobile wallets and cash on counter.
• 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.
• 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.

Portfolio highlights

• AMPnet — AMPnet is a set of white-label crowdinvesting platforms with a central P2P marketplace for renewable energy shares. Through our platform, renewable energy communities all over Europe are providing much-needed liquidity to their investments and connecting directly to large financers of renewables such as NGOs, carbon offseting schemes, etc...
• UTU Technologies — Trust infrastructure for the sharing economy.

Portfolio highlights

• Clozer — Sell experiences & run gamified giveaways to grow your music streams
• move.ai — Move.ai provides motion capture platforms and tools to enable augmented and extended reality productions using AI and computer vision.
• SupraOracles — We're supercharging oracles to provide blockchains better, faster, accurate, and more secure off-chain data.

Portfolio highlights

• HelloChoice — HelloChoice is digital trading and auction platform that is transforming the agricultural trade by directly connecting Farmers and Buyers.
• Westfalia Fruit — Recognised as the Avocado Experts, Westfalia Fruit is a multinational organisation with the largest avocado-growing footprint in the world
• Sun King — Sun King solar lanterns and home systems enables underserved communities to achieve more with inclusive distribution and flexible financing options.

Portfolio highlights

• GoMetro — GoMetro designs deploy and operate flexible mobility platforms. Their proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold new mobility strategies. Their connected transport digital platform equips transport planners to respond to thechallenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.

Portfolio highlights

• SigNoz — SigNoz is an open-source observability tool to help you find issues in your deployed applications & solve them quickly. It provides logs, metrics, and traces under a single pane of glass. Built with ClickHouse as datastore, it is designed to handle enterprise scale.
• teachme.to — Teachme.to is a community of learners discovering lessons for everything.
• Canid — We believe vaccinating shouldn't be hard and it shouldn't be a distraction from what's most important: taking care of the kids.

Portfolio highlights

• GoMetro — GoMetro designs deploy and operate flexible mobility platforms. Their proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold new mobility strategies. Their connected transport digital platform equips transport planners to respond to thechallenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.
• Sticitt — Sticitt is a cashless payment platform. Sticitt services schools, lifestyle and golf estates, as well as events and is assisting one utility company to get clients to pay for water bills using its cashless payments system.
• d6 group — SCHOOLS Schools Communication Platforms and School Management Software COMMUNITIES Community & Internal Business Communication Platforms MEDIA Let your brand be seen Advertise on

Portfolio highlights

• HealNow — HealNow partners with pharmacies to reduce the number of phone calls and payment forms they receive via fax, by allowing patients to pay co-payments online, schedule deliveries or curbside pickup, and answer any onboarding questions seamlessly. HealNow enables pharmacies to offer online payments of prescriptions for a faster onboarding and paymentsprocess. HealNow has built a system that’s specifically tailored to pharmacies of any shape or size, from grocery stores to independent pharmacies and everything in between. It was formed in 2018 and headquartered in New York, United States.
• Topline Pro — Receive a optimized website built for you in 24hrs with online tools to grow your service business. Take your business to the next level.
• TeamSense — Achieve 100% compliance & 0 disputes with TeamSense's text-based call-off solution. Employees love it, managers can't live without it.

Portfolio highlights

• MetaPOS — South African Data Tech company focused on the ethical monetisation of data.

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.

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...

Portfolio highlights

• Nuru — Nuru is a solar hybrid site. Nuru (Swahili for "light") is a company dedicated to enhancing connectivity in the Democratic Republic of Congo. Nuru deployed Congo's first solar-based mini-grid in 2017 and is currently constructing a 1.3MW solar hybrid site in Goma, the largest off-grid mini-grid in sub-Saharan Africa.Nuru is arenewable and environment company that specializes in the fields of storage micro-grids and solar energy. The company deployed Congo's first solar-based mini-grid in 2017 and is currently constructing a 1.3MW solar hybrid site in Goma.Nuru was founded in 2015 and headquartered in Goma, Nord-Kivu, Congo.
• Sabesp — Sabesp is a Brazilian company that engages in providing basic sanitation services such as distribution of treated water, collection, and treatment of sewage. It is currently responsible for supplying water and collecting and treating sewage in the 367 municipalities of São Paulo state. It supplies 27.9 million people with water and provides sewagecollection services to 21.5 million people.Sabesp was founded in 1973 and is headquartered in Sao Paulo, Brazil.
• Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...

Portfolio highlights

• BeyondTrucks — Vertical SaaS
• Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.
• Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...

Portfolio highlights

• MFS Africa — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
• SOUK Farms — SOUK Farms is a fresh horticulture supply grower and exporter that pioneers innovation to improve agricultural sustainability and stimulate economic and social development.
• Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...

Portfolio highlights

• Lidya — Lidya is unlocking credit for africans by providing financial insititutions with the mos effective tools to streamline their loan processes
• MAX — Metro Africa Express addresses the last-mile delivery and online-retail problems by using mobile and web platforms to connect consumers, retail businesses, and independent drivers in real-time. They are eliminating all logistics and technology barriers that have historically prevented retail businesses in Africa from realizing their full potential.
• Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...