Top 15 Startup Investors in Ethiopia (May 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Finnfund
VC Fund
|
3 | Kenya, India, South Africa | Debt Financing, Series B | Financial Services, FinTech, Renewable Energy | $4.5M–$96M |
|
Osema Kassim
Angel
|
2 | Ethiopia | Seed | E-Commerce | |
|
Renew Capital
VC Fund
|
2 | Uganda, Ethiopia, Kenya | Seed, Angel, Pre-Seed | Food and Beverage, Baby, Reservations | $60k–$500k |
|
Novastar Ventures
VC Fund
|
2 | Kenya, Nigeria, United States | Series A, Series B | Agriculture, Internet, Clean Energy | $660k–$50M |
|
Goodwater Capital
VC Fund
|
2 | United States, India, South Korea | Seed, Series A, Series B | FinTech, Financial Services, E-Commerce | $920k–$128M |
|
Consonance Investment Managers
VC Fund
|
2 | Nigeria, United States, Kenya | Seed, Series A, Pre-Seed | Software, Information Technology, FinTech | $50k–$2.5M |
|
DEG
VC Fund
|
1 | India, Ghana, China | Debt Financing, Series A | Financial Services, Banking, B2B | $1M–$37M |
|
Verdant Frontiers
VC Fund
|
1 | Kenya, Italy, Ethiopia | Seed, Pre-Seed | Travel, FinTech, Finance | |
|
Partech
VC Fund
|
1 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services | $1M–$54M |
|
Newgen Venture Partners
VC Fund
|
1 | China, Ethiopia, United Kingdom | Seed, Angel, Series C | Software, Health Care, Social | $412k–$3M |
|
Norfund
VC Fund
|
1 | Kenya, South Africa, United Kingdom | Private Equity, Debt Financing | Energy, Financial Services, Renewable Energy | $4.5M–$227M |
|
MiraclePlus
VC Fund
|
1 | China, United States, Singapore | Seed, Angel, Pre-Seed | Artificial Intelligence, Software, Information Technology | $200k–$3M |
|
Impact Angel Group
VC Fund
|
1 | Ethiopia | Seed | Food Delivery, Food and Beverage | |
|
Addis Alemayehou
Angel
|
1 | Ethiopia | Seed | E-Commerce | |
|
Samuel Z. Alemayehu
Angel
|
1 | Cameroon, Ethiopia, Singapore | Series A, Seed, Series B | SMS, Machine Learning, Artificial Intelligence | |
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Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.
Show more...Investment focus
- Industry: Financial Services, FinTech, Renewable Energy
- Stage:Debt Financing, Series B
- Geography: Kenya, India, South Africa
Investor stats
- Total investments: 40
- Round size: Series B $5M–$27M; Debt Financing $4.5M–$96M
- Lead/follow: 58% lead, 42% follow
Portfolio highlights
- Kasha — Kasha is an innovative e-commerce platform based in East Africa, built for women's health, personal care and beauty products accessibility within urban and rural areas.
- Satya MicroCapital — Satya MicroCapital is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralised approval system.SATYA started its microfinance operations by adopting the “Joint Liability Group (JLG) Model” with adequate use of technology and new adaptations. JLGs of SATYA means implementationsof Joint Liability of group members which exists up to 10 instalments in Bi-Weekly collections. The Company believes in the ideology to bring social touch and high technology in the Indian microfinance industry.The JLG lending operation mainly focuses on a woman (in case of SATYA, her husband acts as co-borrower) through a credit product that allows her to start a new business or enhance her existing business as well. SATYA provides prompt, convenient and affordable collateral-free credit to people at the bottom of the pyramid through a strong credit assessment and centralized approval.The Company started its microfinance operation from Sikandrabad Branch, Bulandshar District of Uttar Pradesh and the first token disbursement was done in November 2016. SATYA utilized demonetization as an opportunity to rework on the business strategy through cashless transactions. SATYA is an institution build with a vision of change, transformation and will be a differentiator in financial inclusion space and its approach is well recognized by industry experts and professionals across different sectors. SATYA is committed to being a socially responsible organization with a focus on Health, Education, Financial Literacy, Nasha-Mukt Samaaj, Gender Equality, and Swachh Bharat. The Company is spreading social awareness messages in its area of operations.
- Kentegra Biotechnology Holdings LLC — Kentegra Biotechnology Holdings is a leading U.S-Kenyan company that supports a Kenyan-based biopesticide processing business that aggregates, extracts, and refines pale refine extract (PRE) from the pyrethrum flower, and sells the PRE to formulators across the world. Kentegra is committed to improving farmer’s livelihoods by investing in thecommunities where we are working to help farmers and their families have a more stable income and better quality of life.Grants: Norad 2021, AgriFi 2020, USAID 2020, USAID 2019, DEG 2020, DEG 2019
Osema is an angel investor and tech product, enthusiast. Passionate about building high-performance teams and growing businesses internationally.
Show more...Investment focus
- Industry: E-Commerce
- Stage:Seed
- Geography: Ethiopia
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- beU delivery — Food delivery service
- beU delivery — O2O service in Africa
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.
Show more...Investment focus
- Industry: Food and Beverage, Baby, Reservations
- Stage:Seed, Angel, Pre-Seed
- Geography: Uganda, Ethiopia, Kenya
Investor stats
- Total investments: 7
- Round size: Seed $60k–$500k
- Lead/follow: 86% lead, 14% follow
Portfolio highlights
- Inputi — Inputi is an online marketplace, aggregator, and distributor for farm supplies based in Kampala, Uganda.
- Buupass — BuuPass is Kenya's market leader for online bus booking. We enable travelers to reserve seats and make payments in a convenient and timely way. Try BuuPass today!
- AkelloBanker — AkelloBanker is a data-driven digital finance technology company. The company was founded in 2015 and is headquartered in Makerere, Kampala, Uganda.
For the many, not just the few. For good.
Show more...Investment focus
- Industry: Agriculture, Internet, Clean Energy
- Stage:Series A, Series B
- Geography: Kenya, Nigeria, United States
Investor stats
- Total investments: 48
- Round size: Series A $1M–$9.9M; Series B $660k–$50M
- Lead/follow: 46% lead, 54% follow
- Last fund: May invest from a new fund soon — raised $108M in 2020
Portfolio highlights
- BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
- Turaco — Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.
- MoKo Home + Living — MoKo Home is Kenya's one-stop furniture company specializing in comfort & smiles, having served over 10000 smiley homes to date. Will yours be next?
Goodwater empowers exceptional entrepreneurs everywhere to change the world for the better. They believe consumer technology is a force on earth, shaping culture and transforming the global economy at unprecedented speed and scale. They invest in promising entrepreneurs to solve pressing problems. As a combined force, Goodwater companies are aglobal force for change, poised to measurably improve billions of lives.
Show more...Investment focus
- Industry: FinTech, Financial Services, E-Commerce
- Stage:Seed, Series A, Series B
- Geography: United States, India, South Korea
Investor stats
- Total investments: 326
- Round size: Seed $920k–$5M; Series A $4.5M–$30M; Series B $15M–$128M
- Lead/follow: 21% lead, 79% follow
- Last fund: Likely still investing — fund raised in 2021
Portfolio highlights
- Ello — Ello is an app-based reading coach that listens to your child read from real books, teaches and motivates them, and transforms them into enthusiastic readers.
- Brine.fi — The best onchain spot trading crypto exchange
- Automat AI — Robotic process automation for Chrome using GPT3 guided Computer Vision
We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.
Show more...Investment focus
- Industry: Software, Information Technology, FinTech
- Stage:Seed, Series A, Pre-Seed
- Geography: Nigeria, United States, Kenya
Investor stats
- Total investments: 30
- Round size: Seed $550k–$2.5M; Pre-Seed $450k–$1M; Series A $50k–$1.3M
- Lead/follow: 50% lead, 50% follow
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.
- Tripesa — Tripesa offers payment solutions for Africa's travel and tourism industry.
- Norebase — Norebase knows that there's an opportunity to grow successful businesses in Africa. It also understands the complexities of the market, and so is using technology to make doing business in Africa worthwhile. With Norebase get to operate in Africa with no hassle and with minimum risk.
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.
Show more...Investment focus
- Industry: Financial Services, Banking, B2B
- Stage:Debt Financing, Series A
- Geography: India, Ghana, China
Investor stats
- Total investments: 14
- Round size: Series A $1M–$37M; Debt Financing $6.5M–$33M
- Lead/follow: 21% lead, 79% follow
Portfolio highlights
- Laprophan — Laprophan gives people access to cutting-edge treatments and therapies. As a result, we are committed to researching, developing, and bringing new, innovative goods to market. dedication to patient-centered care pervades everything we do, from product creation to service delivery.
- Turnkey Lender — Turnkey Lender is a Commercial lending software that can improve efficiency and reduce costs for financial services companies.
- Dastgyr Technologies — Making trade and capital seamless and reliable
Verdant Frontiers designs and builds large-scale businesses to deliver compelling returns for investors and life-changing jobs in Africa.
Show more...Investment focus
- Industry: Travel, FinTech, Finance
- Stage:Seed, Pre-Seed
- Geography: Kenya, Italy, Ethiopia
Investor stats
- Total investments: 5
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Pezesha — Digital Financial Ecosystem for connecting MSMEs to Capital.
- Zeraki — Zeraki is to use technology to address some of the obstacles learners encounter in accessing quality education. We use technology to enhance the quality of education students get at each level of education and use technology to help students transition from one level of education to the next, and ultimately from education into employment.
- Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.
Show more...Investment focus
- Industry: Software, E-Commerce, Financial Services
- Stage:Series A, Seed, Series B
- Geography: United States, France, Germany
Investor stats
- Total investments: 432
- Round size: Seed $1M–$5.6M; Series A $2.5M–$25M; Series B $8M–$54M
- Lead/follow: 31% lead, 69% follow
- Last fund: Likely still investing — fund raised in 2022
Portfolio highlights
- CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
- UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
- Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
Newgen Venture Partners, founded in 2012, focuses on early stage startup companies with the most innovative ideas and revolutionary technologies.Newgen focuses on investing in early stage companies across two targeted categories: TMT and Life Science. Newgen has helped create, build and invest in more than 50 start-up companies cross China.Newgen works with entrepreneurs, startup strategists and tech devotees to partner with founders to build fast-growing companies. Newgen has spent years refining our craft – learning trade secrets, gaining industry expertise, building network.Newgen manages multiple funds in Shanghai, Beijing and Hongkong. Outside China, Newgen invests in zPark Venture Fund I (AKA Amino Capital), GrubMarket and Junzi Kitchen, etc. Newgen set up an office in London in 2016.
Show more...Investment focus
- Industry: Software, Health Care, Social
- Stage:Seed, Angel, Series C
- Geography: China, Ethiopia, United Kingdom
Investor stats
- Total investments: 6
- Round size: Seed $847k–$3M; Angel $412k–$1.4M
- Lead/follow: 17% lead, 83% follow
Portfolio highlights
- NovaXS Biotech — NovaXS Biotech powering accessible healthcare for all.A smart drug delivery platform that administers a narrow stream of medication without a needle.
- Jiamian Tech — Jiamian Tech is a speech social software developer.
- beU delivery — O2O service in Africa
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. NOK in total commitments (2019).
Show more...Investment focus
- Industry: Energy, Financial Services, Renewable Energy
- Stage:Private Equity, Debt Financing
- Geography: Kenya, South Africa, United Kingdom
Investor stats
- Total investments: 57
- Round size: Debt Financing $4.5M–$96M; Private Equity $6.6M–$227M
- Lead/follow: 67% lead, 33% follow
- Last fund: May invest from a new fund soon — last raise in 2009
Portfolio highlights
- Miniplast — Miniplast Limited is one of the leading manufacturers of Industrial and Household products in Ghana with over 25 years of experience in the sector.
- Hela Clothing — Hela Clothing is a clothing manufacturer. From design to delivery, the firm collaborates closely with brands in the intimate, sleepwear, and children's product lines. With design centers in major markets, they can watch and predict customer preferences. This enables us to provide their customers with unique design options that fit theirrequirements.
- OH Ecosystems — OH Ecosystems is a confectionary company that produces and operates cocoa processing and confectioneries.
MiraclePlus invests in and accelerates early-stage startups. MiraclePlus assists startups in developing products that are good enough to succeed in the market. MiraclePlus' acceleration program works with the founders to get each team in top shape so that they can present to thousands of investors on Demo Day.
Show more...Investment focus
- Industry: Artificial Intelligence, Software, Information Technology
- Stage:Seed, Angel, Pre-Seed
- Geography: China, United States, Singapore
Investor stats
- Total investments: 56
- Round size: Seed $200k–$3M; Angel $200k–$3M; Pre-Seed $300k–$2M
- Lead/follow: 27% lead, 73% follow
Portfolio highlights
- YORG AI — Explore the future of work with YORG.AI
- Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
- Light Wheel Intelligence — Light Wheel Intelligence is offers automated, physically precise and controllable, real and generalizable synthetic data solutions to build AI data infrastructure,
The Impact Angel Group operates as a network of angel investors. It focuses on deal sourcing, investment screening, and due diligence. The Impact Angel Group was founded in 2012 and is headquartered in Boulder, Colorado.
Show more...Investment focus
- Industry: Food Delivery, Food and Beverage
- Stage:Seed
- Geography: Ethiopia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Deliver Addis — Ethiopia's #1 online delivery service featuring some of the best spots in town.
Addis Alemayehou is managing partner at 251 Communications.
Show more...Investment focus
- Industry: E-Commerce
- Stage:Seed
- Geography: Ethiopia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Samuel Z. Alemayehu is the Founder and Chairman Of The Board Of Directors of Cambridge Industries.
Show more...Investment focus
- Industry: SMS, Machine Learning, Artificial Intelligence
- Stage:Series A, Seed, Series B
- Geography: Cameroon, Ethiopia, Singapore
Investor stats
- Total investments: 9
- Lead/follow: 22% lead, 78% follow
Portfolio highlights
- SantéPhone — SantéPhone is a mobile-based health prevention platform founded in partnership with leading health insurance companies across West Africa. The application was powered by 4Afri Mobile.
- Nextbillion.ai — Build and scale your applications with ease using NextBillion ai's route optimization and navigation APIs. Deliver high performance and maximize ROI with NextBillion ai's navigation APIs, SDKs and tools. Try now.
- Cambridge Industries — Designing, constructing and operating extremely cost-competitive and scalable waste-to-energy facilities customised for Sub-Saharan Africa Cambridge Industries is a holistic waste management and renewable energy generation company, delivering leading technologies to address waste and energy deficiencies in Africa. They produce clean/greenenergy while solving waste-related problems by reducing the amount of waste going to landfills. Their goal is to turn one of Africa's most challenging social problems, the management of waste, into a source of new wealth. Cambridge’s 'Green Vision' is a comprehensive, sustainable, clean, and renewable power generation and waste management system designed specifically for African cities. Effective power generation and waste management are among the principal challenges faced throughout Africa, particularly in its rapidly urbanizing cities. Cambridge Industries provides local governments with an efficient, cost-effective solution to resolving power deficits while managing municipal waste, from garbage collection to the treatment and ultimate conversion of the waste to low-emission, renewable electricity and useful byproducts, such as recycled metals and building materials.
Investor funding in Ethiopia at a glance
Stats across 37 deals from 33 investors.
Access all 33 investors in Ethiopia startups.
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