# Top 40 Digital Media Startup Investors in Africa in October 2023

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- 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.

## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 2
- 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.

## Lion’s Head Global Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Debt Financing
- Focus: Renewable Energy, Solar, Energy

A global investment banking, asset management and advisory firm focused on delivering value to our clients in emerging and frontier markets

## 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.

## MaC Venture Capital
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 2
- 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.

## RaliCap
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

Rally Cap is a global community of tech folks investing in an exclusive portfolio of top-tier early stage venture funds in Latin America and sub-Saharan Africa.

## Wes Schwalje
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: FinTech, Information Technology, Financial Services

Operator at nexus of policy, tech, and dev, investor, advised 8 unicorns on MENAP entry/scale-up, support Big Tech / startups to get along with govt

## 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.

## Unicorn Group
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Grant, Pre-Seed
- Focus: Apps, Internet, FinTech

Infrastructure   

Training   

Mentorship   

Market Access   

Capital    We provide infrastructure, training, mentorship, market access and patient capital for entrepreneurs, technology start-ups and early stage companies to address the challenges that they encounter.

## Nama Ventures
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: E-Commerce, Information Technology, Marketplace

Nama Ventures is a seed stage venture capital fund focused on fueling innovation in the MENA region, particularly in Saudi Arabia. ama Ventures is built upon the fundamental idea of enabling entrepreneurs to succeed. And as founders of Nama, we are thrilled to finally have the platform to implement this idea. Our hope is that entrepreneurs willingto partner with us will see and feel our value-add approach to investing.

## Josh Jones
- Type: Angel
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: 3D Printing, Software, Internet

Josh Jones is a Partner HMC INQ and Founder of Did I Err Productions. He is a former Co-Founder & CTO at DreamHost.

## Walid Aradi
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Information Technology, Internet, Financial Services

Entrepreneur, investor. Advising global tech companies navigate through MENA+ regulatory environments, market entry and scaling

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

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

## TLcom Capital Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Mobile, Information Technology

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds.
TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge.
We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

## Technology Innovation Agency
- Type: VC Fund
- Location: Pretoria, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Grant, Seed, Pre-Seed
- Focus: Information Technology, Renewable Energy, Health Care

TIA is an initiative of the Department of Science & Technology (DST) in South Africa, to enable and support technological innovation.

## Maroc Numeric Fund
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 1
- Stages: Series A, Seed, Pre-Seed
- Focus: Online Portals, Enterprise Software, FinTech

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

## Assembly Capital Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: SMS, SaaS, Software

Assembly Capital Partners operates as a Venture Capital.

## HoaQ
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, Internet, E-Commerce

Startup Investment Club

## Icon Ventures
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series C, Series B, Series D
- Focus: Software, Information Technology, Enterprise Software

The road to success is long. Re-defining an industry requires passion, perseverance, and true grit. At Icon Ventures, we help entrepreneurs with true grit navigate the journey to become icons of tomorrow.

## Ignition Partners
- Type: VC Fund
- Location: Los Altos, California, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Enterprise Software, SaaS

Ignition is a venture capital firm dedicated to helping the best entrepreneurs seize opportunity. With over $2B under management, Ignition invests in emerging and future leaders in enterprise software.Ignition brings together an unparalleled combination of domain focus, technical expertise, and global operational experience. Ignition'spartners are proven business leaders who have built some of the world's most successful businesses of the last two decades, including Microsoft Windows and Office, McCaw Cellular Communications, AT&T Wireless and Starbucks.Ignition helps entrepreneurs by turning their early idea into a business, to hiring the right team, providing the right industry and functional insight and connections, to growing the business strategically, globally, financially, to realizing the best ultimate outcome, Ignition is ready to go the distance.

## cFund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Blockchain, Financial Services, Cryptocurrency

Digital asset capital management with Wawe Financial. Our early-stage crypto investment fund has been investing in blockchain companies, protocols, and cryptocurrencies since 2018. The fund takes a thesis-driven

## Verdant Frontiers
- Type: VC Fund
- Location: Austin, Texas, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Travel, FinTech, Finance

Verdant Frontiers designs and builds large-scale businesses to deliver compelling returns for investors and life-changing jobs in Africa.

## Verdant Capital
- Type: VC Fund
- Location: Port Louis, Port Louis, Mauritius
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Finance, Marketplace

Verdant Capital is a specialist corporate finance firm with exception experience transacting across the African continent. Verdant Capital operates in two segments, Financial Institutions and Corporate Finance. It operates from offices in Johannesburg, Mauritius and Accra.

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- 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

## Talanton
- Type: VC Fund
- Location: Newtown Square, Pennsylvania, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Retail, Sports, Fashion

Talanton helps you combat poverty in developing countries by creating jobs. You can free those in poverty by coming alongside them through investments in growth-stage businesses.

## GreenHouse Capital
- Type: VC Fund
- Location: Ikeja, Lagos, Nigeria
- Relevant deals: 1
- 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.

## Input Output Global
- Type: VC Fund
- Location: Colorado, San Jose, Costa Rica
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Finance, Marketplace

IO is a technology company pre-eminent in engineering and research in fintech blockchain structures. Best known for the Cardano blockchain platform.

## Norfund
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Private Equity, Debt Financing
- Focus: Energy, Financial Services, Renewable Energy

Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. NOK in total commitments (2019).

## Savannah Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- 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.

## Hasso Plattner Ventures
- Type: VC Fund
- Location: Potsdam, Brandenburg, Germany
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Information Technology, Internet

Hasso Plattner Ventures invests in fast-growing, information technology-driven companies in Europe and the USA on behalf of Prof. Dr. h.c. Hasso Plattner, co-founder and chairman of software giant SAP. The support we offer reaches beyond financial commitments. Our multifaceted work includes acting globally as a strategic partner for our informationtechnology growth companies. In Germany, our commitment has taken also the form of a seed program for information technology startups coming out of the Hasso Plattner Institute.After retiring from the operative business of SAP in 2003, Hasso Plattner was appointed Chairman of the company’s Supervisory Board. He has devoted his time to the promotion of science, innovation and entrepreneurship ever since.To further these goals, Hasso Plattner founded Hasso Plattner Ventures on July 1st, 2005 in Potsdam, Germany. Hasso Plattner Ventures Africa launched as an affiliate in 2008, operating from Cape Town, South Africa.Hasso Plattner Ventures manages four funds. HP Ventures I started in 2005, focusing on early stage software companies in Germany, Switzerland and Austria. In 2008, HP Ventures II and HP Ventures Africa launched, looking for investment opportunities in startup- and expansion-stage companies across the USA, Europe, Israel and South Africa.As of 2015, HP Ventures III, a €150 million fund, focuses on fast-growing enterprise and infrastructure software companies mainly in Germany and the Silicon Valley.

## Compass Venture Capital
- Type: VC Fund
- Location: Moka, Moka, Mauritius
- Relevant deals: 1
- Stages: Series A, Seed, Pre-Seed
- Focus: Information Technology, Financial Services, Big Data

Compass is a venture capital fund. We invest in start-ups with scalable business models and strong growth potential. We work with companies based in Mauritius, the Indian Ocean region and the African continent. Compass is wholly owned by and benefits from support from the ENL Group, one of Mauritius’ largest business conglomerates. Alongside theTurbine, our sister organisation and the region’s leading incubator and start-up accelerator, Compass is working to create a vibrant, sustainable start-up ecosystem in Mauritius and the Indian Ocean.

## 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.

## Kairos Angels
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, B2B

An investment club partnering with visionary entrepreneurs to create disruptive and innovative companies that have the potential to be come regional leaders and global challengers. ideas@kairosangels.com

## 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.

## Women's World Banking
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Seed
- Focus: Financial Services, FinTech, Finance

We are dedicated to proving women with the means to gain Financial Inclusion by gaining access to financial and technological tools in her own name.

## Tayo Oviosu
- Type: Angel
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Financial Services, Artificial Intelligence, Information Technology

Tayo is the Founder & Group CEO of Paga (www.paga.com), Nigeria’s leading mobile money service. Prior to Paga, Tayo was Vice-President at Travant Capital Partners, a private equity fund in West Africa. Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California. Tayo’s work at Paga has beenrecognized globally - in 2014 CNBC selected Tayo as the Entrepreneur of the Year West Africa, and in 2015 the African Leadership Network selected Paga as the outstanding growing company of the year in Africa. Tayo is also the co-founder of Kairos Angels, an angel investment club.Tayo earned his Bachelors of Science degree in Electrical Engineering, cum laude, from the University of Southern California, and also has a Masters in Business Administration from the Graduate School of Business, Stanford University.

## 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.

## Triple Jump
- Type: VC Fund
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: FinTech, Finance, Financial Services

Triple Jump is an impact-focused investment manager.

## Ham Serunjogi
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Finance, Financial Services, Mobile Apps

Ham Serunjogi is a co-founder and CEO at Chipper Cash.

## EchoVC Partners
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, E-Commerce, Software

EchoVC Partners is a seed and early-stage venture capital firm focused on financing and cross-pollinating leading technologies, teams, business models, and knowledge across North America, Africa, and SE Asia. The average investment size ranges from $25,000 to several million dollars depending on the stage of opportunity and capital needs of thebusiness.

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