Top 10 Hospitality Startup Investors in Africa (October 2023)

Early stage venture capital backed by some of the world's best entrepreneurs.

Investment focus

Industry: Software, Artificial Intelligence, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: United States, United Kingdom, India

Investor stats

Total investments: 229
Round size: Seed $1.8M–$9.3M; Pre-Seed $246k–$3.5M; Series A $5.5M–$18M
Lead/follow: 16% lead, 84% follow
Last fund: May invest from a new fund soon — raised $125M in 2021

Portfolio highlights

Atmosfy — Atmosfy lets you explore dining through video. Easily browse 10-second, engaging videos from customers who recently dined there.
OpenCover — Cover $5,000 from $1.14 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Coin Telegraph.
Boost Capital — Boost Capital is a fintech company that offers online microfinance services at lower rates. It uses innovative technology to pre-qualify customers within minutes of applying for a loan based on ability and probability to repay. Boost Capital enables both collateralized and uncollateralized loans, with loan size across the small business spectrum(from $100 to $10,000). Its platform automates the loan application for MFI partners and allows customers to hear back on their loan applications 100x faster than through traditional paper-based loan applications.The company was founded in 2018 and is headquartered in Singapore.

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Standard Chartered Bank offers personal and business banking services. Their solutions for companies include transaction banking and financial markets solutions. They also offer current accounts, savings accounts, credit cards, loans, and mortgage services.

Investment focus

Industry: Financial Services, FinTech, Internet
Stage:Debt Financing, Post-IPO Debt
Geography: India, United Kingdom, Singapore

Investor stats

Total investments: 57
Round size: Post-IPO Debt $114M–$3B; Debt Financing $10M–$2B
Lead/follow: 43% lead, 57% follow

Portfolio highlights

Netomnia — Netomnia are investing in and building a new full-fibre network right across the UK. Future-proofing homes and businesses with a reliable, high-quality, and high-speed internet connection.
AdaniConneX — AdaniConneX is the largest Hyperscale Data Center provider. Avail the maximum uptime, highest energy efficiency, full scalability and security to your business and customers.
Reliance Industries — Reliance Industries is engaged in the exploration, development, and production of crude oil and natural gas in India and internationally. Reliance Industries is the second-largest publicly traded company in India by market capitalization and is the second-largest company in India by revenue after the state-run Indian Oil Corporation.

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LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

Investment focus

Industry: FinTech, Financial Services, Software
Stage:Seed, Pre-Seed, Series A
Geography: United States, Nigeria, Egypt

Investor stats

Total investments: 111
Round size: Seed $100k–$3.2M; Pre-Seed $100k–$2M; Series A $250k–$15M
Lead/follow: 14% lead, 86% follow
Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

Craydel — Get Professional career guidance based on Psychometric Assessments and get scholarships to the best MBA, Engineering, Medical, Education online and on campus courses in Africa and Abroad.
EMTECH — For Modern Central Banking
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.

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Seed capital for technology startups globally.

Investment focus

Industry: Financial Services, Software, FinTech
Stage:Seed, Pre-Seed, Series A
Geography: United States, Nigeria, Kenya

Investor stats

Total investments: 131
Round size: Seed $120k–$3M; Pre-Seed $50k–$3.8M; Series A $2.5M–$10M
Lead/follow: 2% lead, 98% follow

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.

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

Investment focus

Industry: Logistics, E-Commerce, B2B
Stage:Seed, Pre-Seed, Series A
Geography: Nigeria, Kenya, South Africa

Investor stats

Total investments: 18
Round size: Seed $1.1M–$13M; Pre-Seed $1M–$1M; Series A $3.6M–$10M
Lead/follow: 28% lead, 72% follow

Portfolio highlights

Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
Jumba — Jumba is a construction technology platform that streamlines B2B construction material purchase and financing.
Yebo Fresh — Powering South Africa's Township Economy.

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About Us Rising Tide Africa functions as part of a Global movement of The Rising Tide Program for Africa. It constitutes a group of women angel investors harnessing their power, network, passion and capital to positively impact and actively create a New Africa. Learn More Our Pillars Investment Access to High Potential Early Stage Co-investment

Investment focus

Industry: FinTech, Information Technology, Finance
Stage:Seed, Pre-Seed
Geography: Nigeria, United Kingdom, Ghana

Investor stats

Total investments: 11
Round size: Seed $1.6M–$3M; Pre-Seed $430k–$600k
Lead/follow: 9% lead, 91% follow

Portfolio highlights

Wealth8 — Wealth8 is a black-owned investment platform that provides a simple and affordable way for the black community to save & invest in globally managed funds.
ANKA — ANKA is a platform to discover, buy, and sell African fashion, arts, and crafts. ANKA’s goal is to allow African creation lovers to live their passion while allowing the creators to live from theirs. ANKA facilitates transactions and exchanges directly between buyers and sellers on both sides of the world, in a user-friendly and secure way.
Seso Global — Seso Global is a platform for secure real estate management and transactions in Africa.Based in Lagos (Nigeria), Accra (Ghana) and Cambridge (UK), Seso Global is a Digital Lands Transactions platform that facilitates secure, trusted, and risk-free Blockchain Land Transactions between, Property Owners, Land Service Agencies and FinancialInstitutions.

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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.

Investment focus

Industry: Financial Services, FinTech, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: Nigeria, United States, Kenya

Investor stats

Total investments: 80
Round size: Seed $500k–$3.7M; Pre-Seed $40k–$3.7M; Series A $7M–$20M
Lead/follow: 13% lead, 87% follow
Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

Balad — Balad is Egyptian Cross Border Payout Network primarily serving Money Transfer Operators (MTOs), fintechs and mobile wallets. Targeting sending markets including GCC, EU, US, Canada, and UK
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.
Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.

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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.

Investment focus

Industry: Manufacturing, Financial Services, FinTech
Stage:Private Equity, Series A
Geography: Tunisia, Morocco, Nigeria

Investor stats

Total investments: 64
Round size: Series A $1.7M–$65M; Private Equity $6.5M–$14M
Lead/follow: 73% lead, 27% follow
Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

Bizao — Bizao vous permet d'accepter les moyens de paiement en ligne en Afrique pour la commercialisation de vos services et/ou produits.
GoMyCode — GOMYCODE: Learn digital skills! | GOMYCODE Empower people by upskilling and reskilling them on digital skills through instructor-assisted trainings.
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.

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m&y growth partners is the hands-on VC fund focusing on IT/Mobile investments in any stage in any country.

Investment focus

Industry: E-Commerce, Hospitality, Internet
Stage:Series A, Seed, Angel
Geography: United States, Ghana, India

Investor stats

Total investments: 7
Lead/follow: no public data

Portfolio highlights

Binded — Binded lets creators claim their copyrights on the blockchain and protect them for free. A creator uploads their art or photos to Binded via our website or integrations with creative tools like Instagram. We create a timestamp in the Bitcoin blockchain and give a certificate as proof. We are developing technology to create uniquefingerprints for all copyrighted works and store them on the blockchain. Like Youtube’s Content ID system for the entire internet. For every copyright claimed, we scan the web and show matches for possible copyright infringement. In 5 years we hope to be the main way copyrights are registered and utilized.
Mishtag — MishTag is a community of the Shoppers, by the Shoppers for the Shoppers. MishTag is a Visual Engagement, Analytics & Advertising platform for making photos more engaging and rewarding for Brands, Retailers, and Publishers.
Omg Digital — SEO, Speed, WordPress and Question Answers for Experts.

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