# Top 50 Enterprise Startup Investors in Africa in October 2023

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 25
- 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.........

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 25
- 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.

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 24
- 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.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 24
- 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.

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 19
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

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

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 19
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Golden Palm Investments
- Type: VC Fund
- Location: Accra, Greater Accra, Ghana
- Relevant deals: 15
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Health Care

Golden Palm Investments is an investment holding and advisory company.

## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 13
- 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.

## 4DX Ventures
- Type: VC Fund
- Location: Brooklyn, New York, United States
- Relevant deals: 12
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Information Technology, Financial Services

4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Our mission is to connect people, ideas, and capital to create a vibrant African community. 

## EchoVC Partners
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 12
- 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.

## Savannah Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 11
- 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.

## Maroc Numeric Fund
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 11
- Stages: Series A, Seed, Pre-Seed
- Focus: Online Portals, Enterprise Software, FinTech

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

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 11
- 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

## Novastar Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 10
- Stages: Series A, Series B
- Focus: Agriculture, Internet, Clean Energy

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

## Orange Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 9
- 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

## P1 Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 8
- 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.

## Outlierz Ventures
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 8
- Stages: Seed, Pre-Seed, Series A
- Focus: Supply Chain Management, Logistics, Information Services

We provide smart capital to grow investable startups in Africa

## Idris Ayodeji Bello
- Type: Angel
- Relevant deals: 8
- Stages: Angel, Seed, Pre-Seed
- Focus: FinTech, Software, Financial Services

The 'Afropreneur' (entrepreneur with an African focus), as he self-describes, Idris Ayodeji Bello is a Partner at LoftyInc Allied Partners Limited and co-founder of The Wennovation Hub, an innovation platform based in Nigeria, that has successfully accelerated the launch of several technology start-ups in social impact sectors. He isalso a Founding Partner at Loftyinc Capital Management, owners of the Afropreneurs Fund (I&II)The 'Afropreneur' (entrepreneur with an African focus), as he self-describes, Idris Bello is a Partner at LoftyInc Allied Partners Limited and co-founder of The Wennovation Hub, an innovation platform based in Nigeria, that has successfully accelerated the launch of several technology start-ups in social impact sectors. He is also a Founding Partner at Loftyinc Capital Management, owners of the Afropreneurs Fund (I&II)A first class honors graduate of Computer Engineering from Obafemi Awolowo University, Nigeria, he has an M.Sc in Computer Science & Data Mining from the University of Houston; an MBA in Entrepreneurship & Strategy from Rice University in Houston and an M.Sc in Global Health Science from the University of Oxford, where he was a 2011 recipient of The Lord Weidenfeld Scholarship for demonstrating remarkable potential as a future leader from an emerging economy.Idris spent the greater part of a decade working at Chevron Corporation and ExxonMobil USA, where he led several large upstream technology projects across the USA and Sub-Saharan Africa. Idris has also worked with the Clinton Foundation Health Access Initiative where he played a major role in the deployment and evaluation of Swaziland’s first mobile health patient appointment reminder system as part of the country’s National AIDS Program. Listed among CNN’s Top Ten African Technology Voices, he is a Singularity University Impact Fellow, Harambe Entrepreneur Alliance Associate, Clinton Global Initiative University Fellow, MIT Global Start-up Fellow, SAP Ashoka Global Changemakers Award Winner, Dell Technology Award Winner, StartingBloc Innovation Fellow and a Nigeria Leadership Initiative Future Leader.As a leader, Idris has mentored and catalyzed scores of contributors across the growing African landscape and is an angel investor and advisor to several African startups including Andela, Flutterwave, RelianceHMO, among others. He continues to devote his efforts to the development of innovation-driven, technology-enabled social enterprises that empower the underserved and develop transformative ideas to change lives on the African continent.He spends most of his time between Lagos, Cairo, or airport lounges.

## VestedWorld
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 8
- 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.

## Enza Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 8
- Stages: Seed, Pre-Seed, Series A
- Focus: Logistics, E-Commerce, B2B

Venture investor in high-growth Founders and Teams using technology to solve large and meaningful problems across Africa

## Chandaria Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Software

Chandaria Capital operates as a venture capital Fund. We believe that innovative ideas will transform Africa. We invest, mentor, and work together with incredible entrepreneurs to create impactful companies that can change the continent.

## Reflect Ventures
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Logistics, E-Commerce

Reflect Ventures makes venture capital investments in high-potential startups at the seed and series A/B+ stages. We identify extraordinary founders, companies and opportunities around the world, including in emerging and frontier markets. Our LPs comprise family offices, institutional investors and HNWIs on six continents, along withrecognized sector experts who are instrumental to our portfolio companies' future growth.

## Lynett Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Wireless, Mobile

Lynett Capital is an early stage investment firm dedicated to the empowering technology companies.

## Oui Capital
- Type: VC Fund
- Location: Belmont, Massachusetts, United States
- Relevant deals: 7
- 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.

## AngelHub Ventures
- Type: VC Fund
- Location: Stellenbosch, NA - South Africa, South Africa
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Software, Information Technology, Education

Operating out of Stellenbosch in South Africa and backed by two family offices Angelhub Ventures's team is passionate about early stage investments in (South) Africa. Being entrepreneurial ourselves, we thoroughly understand the challenges and changes our founders face – which is why we back them in any way we can. Most importantly, we believein building great businesses and we are in it for the long haul.

## CRE Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Software

Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.

## HoaQ
- Type: VC Fund
- Relevant deals: 7
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, Internet, E-Commerce

Startup Investment Club

## Soma Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 7
- 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.

## 4Di Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 7
- 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.

## Kalon Venture Partners
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Apps, Mobile Apps, Software

A growing number of South Africans are investing in venture capital companies that operate under Section 12J of the Income Tax Act. Contact us now.

## Social Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 7
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, SaaS

At Social Capital, we make big bets on transformational ideas, technology, and people.

## MaC Venture Capital
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 6
- 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.

## Ingressive Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 6
- Stages: Pre-Seed, Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Ingressive Capital they provide services in business development, partnerships, and financial support.

## CDG Invest
- Type: VC Fund
- Location: Rabat, Rabat-Sale-Zemmour-Zaer, Morocco
- Relevant deals: 6
- Stages: Pre-Seed, Seed, Convertible Note
- Focus: Apps, Software, Internet

CDG Invest is the investment branch of the CDG group. CDG Invest acts both as an investment manager for its own account following both financial and strategic logic, as well as as a fund manager for third parties. CDG Invest intervenes in various key sectors of the Moroccan economy: industry, agro-food, digital/digital, renewable energy, andterritorial PPP and with various segments of companies.

## Harambeans
- Type: VC Fund
- Relevant deals: 6
- 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.

## GreenHouse Capital
- Type: VC Fund
- Location: Ikeja, Lagos, Nigeria
- Relevant deals: 6
- 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.

## Flat6Labs Tunisia
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 6
- 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: 6
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

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## Alumni Ventures
- Type: VC Fund
- Location: Manchester, New Hampshire, United States
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Health Care

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

## Unpopular Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

The best companies, off the beaten path.

## Investec
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 5
- Stages: Debt Financing, Series A
- Focus: Software, Financial Services, Energy

Welcome to Investec. Find out more about us, our businesses, sponsorships and career opportunities.

## Ground Squirrel Ventures
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Renewable Energy, Solar, Energy

Seed round investment in frontier markets and clean energy

## Proparco
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 5
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, Energy

Proparco is devoted to private sector funding in the sustainable development sector.

## Justin Mateen
- Type: Angel
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, Financial Services

Justin Mateen is the Founder of Tinder, the world's largest dating platform. Founded in 2012, Tinder is the highest grossing app on Apple's app store since 2017 and was valued at over $40 Billion dollars in 2021. In 2021, Business Insider ranked Mateen as the best early stage investor in the US, placing him at the number 1 spot on thetop 100 list of US Seed Investors. In 2020, Forbes included Mateen on their list of the decade's top 10 tech entrepreneurs. Fast Company has listed him as one of the most creative people in business.

## Cem Garih
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Internet, Financial Services, FinTech

Investor

## TLcom Capital Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 5
- 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.

## AfricInvest
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 5
- Stages: Private Equity, Series A
- Focus: Manufacturing, Financial Services, FinTech

AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia.Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on North Africa and Sub-Saharan Africa, and employs 66 professionals based inseven offices.AfricInvest manages USD1 billion across 16 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe.Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region.Since 1994, AfricInvest has invested in 135 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

## Lateral Frontiers
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

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## Michael Seibel
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

Michael Seibel is the Managing Director and Group Partner of Y Combinator. He previously worked at Socialcam as a CEO. Michael Seibel attended Yale University.

## Miles Morland
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 5
- Stages: Pre-Seed
- Focus: Internet, Education, Publishing

Miles co-founded DPI in 2007 after having become non-executive Chairman of Blakeney Management (Blakeney) in July 2006 by which time the firm was considered to be one of the largest portfolio investors in many African stock markets. Blakeney was set up by Miles in 1990, first as a consultancy and, since 1994, as an asset management firm, investingin Africa and the Middle East. Blakeney was one of the first investors in many African markets and Miles played an active role in the development of markets in countries such as Ghana, Morocco, Egypt, Kenya and Tunisia.Before starting Blakeney, Miles spent 22 years in money management and investment banking in London and on Wall Street.Miles is also on the boards of SABMiller plc, the world’s second largest brewer and SouthWest Energy (BVI) Ltd, an Ethiopian oil exploration company. He was the founder and chairman for five years of the London Business School’s Africa Board. He read Law at the University of Oxford. Miles is a British citizen.

# About Shizune
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