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

## Savannah Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Information Technology

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

## Flat6Labs
- Type: VC Fund
- Location: Gîza, Al Jizah, Egypt
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, Apps

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. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.

## Novastar Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Agriculture, Internet, Clean Energy

For the many, not just the few. For good.

## HoaQ
- Type: VC Fund
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, Internet, E-Commerce

Startup Investment Club

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 3
- 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

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

Kepple Africa Ventures is an early-stage venture capital firm.

## Renew Capital
- Type: VC Fund
- Location: Addis Ababa, Adis Abeba, Ethiopia
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Food and Beverage, Baby, Reservations

RENEW and the Impact Angel Network are one of the most active private equity investors in Ethiopia and recently expanded to Uganda. RENEW and the IAN seek to become the most successful SME investment firm in Sub-Saharan Africa, investing in hundreds of companies across twenty countries. Their mission is to find, invest and help grow great companiesled by visionary leaders.

## ODBA
- Type: VC Fund
- Location: Port Louis, Port Louis, Mauritius
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Series A
- Focus: Financial Services, FinTech, Financial Exchanges

We invest in people and stories, which are at the heart of everything we do.

## 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.

## Ceniarth
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Debt Financing, Seed, Series B
- Focus: Agriculture, Social Entrepreneurship, Energy

Ceniarth is a single-family office focused on funding market-based solutions that benefit underserved communities. Through their investing activity, they provide capital to accelerate the deployment of products and services that directly impact underserved communities. They aim to support enterprises in ways that lead to long term commercialsustainability.They organize their work around program areas that aim to think systematically about sector development and the obstacles to growth. They endeavor to support market ecosystems in ways that attract ongoing private investment or public sector support.Ceniarth began operations in 2013 and works in conjunction with the Isenberg Family Charitable Foundation. Their ability to leverage grants and program-related investments, in addition to return-seeking capital, allows us to think flexibly and creatively to address funding gaps. Their goal is to apply the right, most efficient form of capital for a given need in order to produce meaningful impacts for communities.

## GreenHouse Capital
- Type: VC Fund
- Location: Ikeja, Lagos, Nigeria
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

GreenHouse Capital’s Founding Partners took their own fintech company Venture Garden Group (VGG) from a 7 employee, ₦30 million revenue startup to a 200 employees, ₦2 billion power house in just 4 years and raised an attention grabbing Series A round from Convergence Partners of South Africa. The uniqueness of their position was not lost on thefounders who then cultivated Garden Institute of Business Entrepreneurs (GIBE) to identify, incubate, and invest in young and innovative tech startups solving global challenges in Emerging Markets. GIBE was created to build a world class talent management hub for young and passionate entrepreneurs while creating a pool of technology inclined businesses and innovation oriented leaders.

## FMO
- Type: VC Fund
- Location: The Hague, Zuid-Holland, The Netherlands
- Relevant deals: 2
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, FinTech

FMO is a financial investment firm that specializes in financing businesses and projects FMO invests across the agribusiness value chain to enhance food security, support sustainability and promoting inclusive development.

## Mulago Foundation
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Grant, Seed, Pre-Seed
- Focus: Agriculture, Health Care, Pharmaceutical

Mulago finds and funds high-performance organizations that tackle the basic needs of the very poor. We fight poverty. Our job is to find the organizations best able to create change and give them what they need to do it.

## Mani Kapital
- Type: VC Fund
- Relevant deals: 2
- Focus: Communities, Clean Energy, Renewable Energy

Mani Kapital is an investment management firm.

## Global Partnerships
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Clean Energy, Renewable Energy, Solar

Global Partnerships is an impact-first investor dedicated to expanding opportunity for people living in poverty. For 25 years GP has invested in sustainable solutions that help impoverished people increase their incomes and improve their lives, with core investments in livelihoods, education, health, energy, housing, and sanitation. Since inceptionGP has deployed $356.5 million in impact investments to 135 partners, bringing meaningful impact to over 14.7 million lives in 21 countries.What is Impact-First Investing?Impact-first investing means investing in a way that seeks the highest possible social impact, while seeking to preserve capital with a modest financial return for investors.Impact-first investing is distinctly different from return-first investing, which seeks the highest possible financial return (often without consideration of social or environmental consequences), and from philanthropy, which seeks the highest social impact without any preservation of capital.We believe that impact-first investing has an essential role to play in advancing sustainable solutions to poverty for millions of people worldwide.What Does Impact Mean to Global Partnerships?All of our impact-first investing is aimed at empowering poor and marginalized people to earn a living, provide the basic necessities of life for their families, and improve their lives. We seek social impact on four dimensions:Broadening Opportunity – We have a holistic understanding of poverty, so we invest across all facets of poverty: livelihoods, education, energy, health, housing, sanitation, and water.Deepening Inclusion – We invest at the edge of the market, emphasizing approaches that include people marginalized by depth of poverty, gender, and/or geography, including women and the rural poor.Serving Millions – We believe that every person matters, and want to expand opportunity for as many people as possible. We therefore focus on sustainable approaches that can, over time, scale to serve millions of people living in poverty.Improving Lives – We only invest where evidence convinces us that people living in poverty value the opportunity being delivered and are empowered by it – economically or otherwise – to improve their lives.

## Acumen
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, Agriculture

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

## AXA Investment Managers
- Type: VC Fund
- Location: Puteaux, Ile-de-France, France
- Relevant deals: 2
- Stages: Series B, Series C
- Focus: Biotechnology, Health Care, Medical

They are an active, long-term, global, multi-asset investor focused on enabling more people to harness the power of investing to meet their financial goals.As the investment partner of AXA Group, the A-rated protection and wealth management provider, we draw on a longstanding heritage of creating solutions to manage real-life risks andchallenges.At the same time, our investment professionals are committed to finding the most efficient and sustainable sources of return across world markets, from equities to fixed income, real assets to other alternative asset classes.

## Kiva
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Debt Financing, Seed, Series A
- Focus: Social Entrepreneurship, Agriculture, Energy

Kiva is the world's first online lending platform. For as little as $25 you can lend to an entrepreneur around the world. Learn more here.

## U.S. International Development Finance Corp
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- 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.

## Greentree Investment Comany
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Logistics, Health Care, Medical Device

Greentree Investment Comany is an investment firm.

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 1
- 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.........

## Netri Foundation
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Debt Financing
- Focus: Agriculture, Social Entrepreneurship

Netri Foundation seeks to improve the quality of life of the most disadvantaged through grants and social investments.

## Artha Group
- Type: VC Fund
- Location: Mumbai, Maharashtra, India
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Information Technology, Internet, E-Commerce

Artha India Ventures' league of member Angel Investors mentor and invest in nascent ventures with business ideas that create value by participating in the entrepreneurial process. AIV have invested in more than 47 start-ups and has diversified portfolio ranging from last minute hotel bookings (HotelsAroundYou.com), to classes aggregators(FindUrClass.com), cosmetic ecommerce (Purplle.com) and at home salon services (The Home Salon). From microfinance credit rating platforms (Inventure) to online interview platforms (Talview), electronic repair & insurance companies (PickMeIndia.com), Cloud Telephone (Exotel.com) and Cab Aggregators (BookMyCab.com) the portfolio has it all.

## Change Com
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Travel, FinTech, Software

Change Com AS is an Oslo-based advisory and investment company,founded by long-term Telenor research scientist, business developer and senior project manager Endre Skolt.

## Good Soil VC
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Human Resources, Financial Services

GOODsoil VC is an early stage venture capital firm. We partner with founders seeking to invent new market categories and transform large, existing industries.They aim to take risks on innovative and ambitious people and products; providing risk capital for new and early-stage start-up companies, in return for an equity share.

## 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.

## Correlation Ventures
- Type: VC Fund
- Location: San Diego, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Health Care, Information Technology

Reimagining our industry. So our clients can disrupt theirs.

## RippleWorks
- Type: VC Fund
- Location: California City, California, United States
- Relevant deals: 1
- Stages: Debt Financing, Corporate Round
- Focus: Mobile, FinTech, Software

RippleWorks pairs the most promising social ventures with Silicon Valley expertise to jointly identify and address immediate and critical scaling challenges. RippleWorks' volunteer program provides a high-skilled opportunity for tech executives and successful entrepreneurs to apply their domains of expertise and drive meaningful impact aroundthe world. RippleWorks is a non-profit that operates with a heightened sense of urgency to drive business results faster, which in turn will accelerate social and economic impact.

## Knife Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

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## CoVentures
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Consumer Goods, Retail

At CoVentures, Tech Startups are our forte and our objective is to share our expertise with founders / entrepreneurs who believe that they have an idea or company worth sharing with the world.

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 1
- 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.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 1
- 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.

## FrontEnd Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Travel, Reservations, Public Transportation

FrontEnd Ventures is a venture capital fund committed to supporting local and diverse founder teams that are ridiculously passionate about innovating and changing their value chains.

## Twelve Spring Investment Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Communities, Human Resources, Staffing Agency

Twelve Springs Investment Group is a real estate development and technology company that seeks to shape the future of Africa through world-class iconic real estate developments and technology innovations.

## Vumela Fund
- Type: VC Fund
- Location: Hyde Park, Newtownabbey, United Kingdom
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Education, Software, Primary Education

Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable and a financially and operationally independent investment business which invests in high growth small, medium and micro size enterprises with good economic and impact returns.Vumela wascapitalised in 2010. Within the first four years, we’d invested R90 million into eight high growth SMEs, and created a total of 400 jobs. They launched their second fund in 2015, after a further investment of R100 million from FirstRand and R127 million from the Jobs Fund. Within the first year of launching this second fund, we’ve committed R43 million to five investments that are expected to create over 1800 new jobs.The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the Shalamuka Foundation and the FirstRand Group.

## Rabobank
- Type: VC Fund
- Location: Utrecht, Utrecht, The Netherlands
- Relevant deals: 1
- Stages: Debt Financing, Seed
- Focus: Renewable Energy, Energy, Agriculture

Rabobank offers all the advantages of global commercialism founded upon cooperative principles: knowledge-driven, customer-focused, and backed by a AAA credit rating. Rabobank focuses on the food, beverage, and agribusiness sectors offering specialized products and services in 46 countries. Their strength stems from a network of prominent industryspecialists, leading researchers and industry analysts who generate a wealth of knowledge for clients.

## Whole Planet Foundation
- Type: VC Fund
- Location: Austin, Texas, United States
- Relevant deals: 1
- Stages: Debt Financing
- Focus: Energy, Power Grid, Agriculture

Whole Planet Foundation is a private nonprofit organization established by Whole Foods Market and dedicated to poverty alleviation.

## daba
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Travel, Reservations, Public Transportation

Provider of a fintech platform intended to access investment analysis and build wealth by investing in the African private and public capital markets. The company's platform offers an application for investing and trading the best African startups, stocks, and digital assets at once, enabling users to get all the latest news and curatedupdates in one place to maximize their investments.

## DEG
- Type: VC Fund
- Location: Overland Park, Kansas, United States
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Banking, B2B

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

## Rio Technology Partners
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed
- Focus: E-Commerce, Shopping, Lifestyle

Rio Technology Partners is an investment vehicle and strategic advisory firm.

## SKBR
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Health Care, Financial Services, Food and Beverage

Investment Holding

## Gullit
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Travel, Reservations, Public Transportation

Gullit advises and finances scalable early-stage tech firms in Africa. Additionally, Gullit provides funding for startups during the seed, pre-seed, debt acquisition, and restructuring phases.

## Acumen Resilient Agriculture Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Agriculture, Farming, Social Entrepreneurship

Acumen Resilient Agriculture Fund is an equity fund designed to build the climate resilience of smallholder farmers.

## Five35 Ventures
- Type: VC Fund
- Location: Gauteng, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Health Care, Wellness

Five35 Ventures is committed to unlocking capital and growth opportunities for female-focused early-stage African technology startups.

## Asymmetry Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, Biotechnology

Asymmetry Ventures invests in scalable early-stage companies with exceptional defensibility.

## Javelin Venture Partners
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Internet

Javelin Venture Partners invests in early-stage tech companies with incredible potential, managed by teams of energetic, trustworthy, and capable leaders. Javelin looks for advanced bleeding-edge innovations, where the addressable market size is substantial, and strong competitive advantages exist. A typical investment is between $1 to $6million, with reserves for follow-on investments. In addition, Javelin also considers smaller seed investments for unique companies just getting started. Located in downtown San Francisco, while invests throughout the world. Javelin is a very active investor with a long-term outlook and the objective of creating substantial value.

## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, FinTech

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

## TSVC
- Type: VC Fund
- Location: Los Altos, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Health Care

Founded in 2010, TSVC (formerly TEEC Angel Fund) is proud to be a leading early-stage venture capital fund in Silicon Valley.

## Oui Capital
- Type: VC Fund
- Location: Belmont, Massachusetts, United States
- Relevant deals: 1
- 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.

## XA Network
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Information Technology, Financial Services

XA Network provides smart capital to startups in Southeast Asia. We believe startups in Southeast Asia deserve a better breed of angels - genuinely wanting to go beyond capital.

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