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Top 5 Marketplace VC Funds & Investors in Tanzania (October 2023)

The most active venture capital funds investing in Tanzania Marketplace startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Tanzania Marketplace startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
FINCA Ventures
VC Fund
2 Kenya, Mexico, Sweden Seed, Series A, Pre-Seed Financial Services, Education, Agriculture $1.1M–$4.2M
Launch Africa
VC Fund
2 Nigeria, South Africa, Kenya Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$3M
Goodwell Investments
VC Fund
2 Kenya, Nigeria, South Africa Series A, Series B FinTech, Financial Services, Software $1.5M–$14M
elea Foundation for Ethics in Globalization
VC Fund
1 India, Kenya, Tanzania Series A E-Commerce, Health Care, Logistics $2M–$2.8M
Accion Venture Lab
VC Fund
1 United States, India, Brazil Seed, Series A Financial Services, FinTech, Finance $500k–$7.5M
Access all 5 VC funds in Tanzania Marketplace startups.

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Investor list

FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Tanzania Marketplace startups

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

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Investment focus

  • Industry: Financial Services, Education, Agriculture
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, Mexico, Sweden

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$4M; Series A $1.1M–$4.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kwara — Kwara turns analog credit unions into modern digital banks.
  • FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
  • Bamba — We help large companies that want to help their affinity users to solve unforeseen events fast, by minimizing costs, through a smart digital agent embedded in any company’s interface
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Tanzania Marketplace startups, 18 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $200k–$3M; Pre-Seed $200k–$1M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
  • Fixit45 — Your best ever automobile service experience awaits you.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Tanzania Marketplace startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 35
  • Round size: Series A $1.5M–$7.5M; Series B $2M–$14M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 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.
  • SOUK Farms — SOUK Farms is a fresh horticulture supply grower and exporter that pioneers innovation to improve agricultural sustainability and stimulate economic and social development.
  • Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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elea Foundation for Ethics in Globalization
VC Fund · 1 investments in Tanzania Marketplace startups

elea Foundation for Ethics in Globalization

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Investment focus

  • Industry: E-Commerce, Health Care, Logistics
  • Stage:Series A
  • Geography: India, Kenya, Tanzania

Investor stats

  • Total investments: 7
  • Round size: Series A $2M–$2.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Yebo Fresh — Powering South Africa's Township Economy.
  • Kwanza Tukule — Kwanza Tukule is a cashless B2B business that offers food supply services to local food vendors.
  • BluLever Educations — Join the artisans & apprentices who are building the future. At BluLever Education you can build your career, business, or the artisan ecosystem with an education partner that believes in artisans. Welcome to our digital home. We offer plumbing and electrical apprenticeships.
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Accion Venture Lab
VC Fund · Washington, District of Columbia, United States · 1 investments in Tanzania Marketplace startups, 9 in the past 12 months

Accion Venture Lab is an investment initiative that provides startups with seed capital and support.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$6.4M; Series A $2.5M–$7.5M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
  • Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
  • Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.
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