# Top 30 Startup Investors in Zambia in May 2026

## 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

## Babs Ogundeyi
- Type: Angel
- Location: Yaba, Lagos, Nigeria
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Finance

Cofounder and CEO of Kuda

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 2
- 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.

## Electrification Financing Initiative
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Debt Financing, Series A
- Focus: Energy, Solar, Renewable Energy

Impact investment in sustainable energy

## ACE & Company
- Type: VC Fund
- Location: Geneva, Geneve, Switzerland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, FinTech, Financial Services

ACE & Company (“ACE”), founded in 2005, is a global investment group specialized in private investments with total assets of over $1.6 bn across three investment strategies and investment solutions. With headquarters in Geneva and offices in London, New York, and Cairo, ACE’s global presence brings the company in direct contact with sourcingpartners, investment firms, as well as entrepreneurs and provides investors unparalleled access to a network of opportunities. ACE’s passion is for finding investment opportunities where we have an advantage through many years of relationship building, a carefully developed position of knowledge in the sectors which we are active, and a culture of efficiency to gain first mover’s advantage.
ACE’s purpose is to offer investors a long-term and collaborative investment approach that values honesty, transparency and rigorous execution, so that our strategies not only provide unique access to value accretive, risk-managed deals, but fosters what we consider our bedrock—trust.ACE’s progress has been marked by a globally respected track record since the Company was founded in 2005. In the last four years we have increased our total assets by fivefold and in 2017 received the Swiss Financial Supervisory Authority (FINMA) authorization.

## Runa Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Financial Services

Runa Capital is a global venture capital firm built by serial entrepreneurs that invests in early-stage software startups around the world...

## Vibe VC
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, EdTech, Retail

We were told no one would take us seriously as investors without a website, so here's our website.

## The Todd & Rahul Angel Fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Apps

The Todd & Rahul Angel Fund is a venture capital firm.

## Enygma Ventures
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed
- Focus: Financial Services, Lending, Education

Enygma Ventures is an investment fund for female entrepreneurs and women founders, focused on Southern Africa or SADC. Unlike traditional private equity, venture capital, and banks our team is full of award winning entrepreneurs who understand the same struggles you face first hand.

## GreenTec Capital Partners
- Type: VC Fund
- Location: Frankfurt, Hessen, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Agriculture, Computer

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

## FINCA Ventures
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Education, Agriculture

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

## Goodwell Investments
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: FinTech, Financial Services, Software

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

## Opes Impact Fund
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Energy, Social Entrepreneurship, Renewable Energy

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

## Global Partnerships/Eleos Social Venture Fund
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Logistics, Agriculture, Car Sharing

Global Partnerships' Social Venture Fund bridges the pioneer gap in sub-Saharan Africa by providing impact-led funding to early-stage social enterprises.

## Goodwater Capital
- Type: VC Fund
- Location: Burlingame, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, E-Commerce

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.

## Jag Singh
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, FinTech, Financial Services

Jag is one of Europe's most active angel investors, and is a Managing Partner at Angel Invest Ventures in Berlin. He's founded several companies (including two exits and a spectacular failure), and invested in over 100 startups over the last six years, including Spire (SPAC), Nutmeg (exit to JPM), Disperse, Eversend, Restack, and Anytype.He’s an ad-man at heart, and spent over a decade as a political strategist advising high-profile politicians, campaigns and corporations across the US and Europe. Jag is fluent in six languages, and can be found on Twitter via @JagSingh

## Blockchain Founders Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Financial Services

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

## Twilio
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Information Technology

Twilio is a developer platform for communications and is reinventing telecom by merging the worlds of cloud computing, web services, and telecommunications. With Twilio, developers, and businesses make communications more contextual by embedding voice, video, messaging, and authentication directly into applications.

## UNDP
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1

UNDP works to eradicate poverty and reduce inequalities through the sustainable development of nations, in more than 170 countries and territories.

## InfraCo Africa
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Electric Vehicle, AgTech, Agriculture

InfraCo seeks to fund and develop projects in sectors or geographies where the private sector would not otherwise work at such an early stage, seeking to exit its projects to private sector developers/financiers once project viability has been demonstrated, normally at or shortly before financial close. InfraCo will not compete directly withthe private sector but seeks to mobilise private sector involvement by bearing the time and cost risk of front end project development in order to mobilise private sector investment.

## Earl Grey Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: SaaS, B2B, E-Learning

Founders funding founders at the earliest stages of company building. 

## Not Boring Capital
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Cryptocurrency, FinTech, Blockchain

Behind-the-Scenes of Raising a Fund to Invest in Companies with Stories to Tell

## FMO
- Type: VC Fund
- Location: The Hague, Zuid-Holland, The Netherlands
- Relevant deals: 1
- 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.

## Jordan Engineering
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Agriculture, Financial Services

Jordan Engineering

## Tiger Global Management
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, FinTech, Financial Services

Tiger Global Management is an investment firm that deploys capital globally.Tiger Global seeks to earn superior risk-adjusted returns for its investors over the long term. The firm’s fundamentally oriented investments focus primarily on the global Internet, technology, telecom, media consumer, and industrial sectors. The private equity strategyhas a ten-year investment horizon and targets growth-oriented private companies. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes.

## Patrick J. McGovern Foundation
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: Non Profit, Education, Health Care

The Patrick J. McGovern Foundation is a global philanthropy bridging the frontiers of artificial intelligence, data science, and social impact to create a thriving, equitable, and sustainable future for all.

## Shell Foundation
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Grant, Seed, Series A
- Focus: Energy, Agriculture, Solar

Shell Foundation is an independent charity established by the Shell Group in 2000 to create and scale new solutions to global development challenges. We apply business thinking to major social and environmental issues linked to the energy sector – and seek to leverage the skills and networks of Shell where possible to deliver greater developmentimpact.Over the years, learning from both success and failure, we have established a new enterprise-based model to deliver significant and lasting social and environmental outcomes. We now deploy a blend of financial and non-financial resources to accelerate social innovation and harness private markets to deliver public benefit at scale.

## Finnfund
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, FinTech, Renewable Energy

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.

## Zenga Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Apps, Software, Business Information Systems

Zenga Ventures is an investing firm for startups.

## Danish Investment Fund for Developing Countries
- Type: VC Fund
- Relevant deals: 1
- Focus: Water, Energy, Finance

Danish Investment Fund for Developing Countries

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