# Top 50 Medical VC (Venture Capital) Funds in Africa in October 2023

## VentureSouq
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

VentureSouq operates a large co-investment platform with a global investment portfolio.

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 3
- Stages: Series B, Series A, Series C
- Focus: Software, Financial Services, E-Commerce

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 3
- 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.

## HAVAÍC
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Health Care, Financial Services, Software

HAVAÍC is an investment and advisory firm that specialises in early-stage, high-growth African businesses with proven concepts and global prospects, offering investment opportunities to sophisticated investors and international venture capital companies with an interest in Africa. As a complementary offering, HAVAÍC provides corporate advisory andcapital raising services to emerging, internationally scalable businesses.

## The Chrysalis Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Bitcoin

Chrysalis Capital is an investment management firm focused on scaling early-stage tech companies in Africa and the diaspora.

## K50 Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Financial Services, Software

K50 Ventures is the most trusted first-check investor for mission-driven founders building a better future for the 99% in the US and LATAM.

## EchoVC Partners
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- 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.

## i-Cubed Capital
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Medical, Wellness, Health Care

We acquire equity in companies that are positioned for growth and create wealth for our shareholders. Our team of investment specialist and entrepreneurs evaluate business opportunities that provide medium to long term growth.

## 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.

## JPMorgan Chase & Co.
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Debt Financing, Seed, Grant
- Focus: Financial Services, FinTech, Enterprise Software

JPMorgan Chase & Co. provides innovative financial solutions for consumers, small businesses, corporations, governments, and institutions. The firm is serving customers, helping small businesses, or putting its skills to work with partners, they strive to identify issues and propose solutions that will propel the future and strengthen both itsclients and communities.

## PayPal
- Type: VC Fund
- Location: San Jose, California, United States
- Relevant deals: 1
- Stages: Seed, Grant
- Focus: Financial Services, FinTech, Marketplace

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy.

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Financial Services

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.

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 1
- 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.........

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Ping An Good Doctor
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Convertible Note
- Focus: Medical, Software, Health Care

Ping An Health Internet is a wholly owned subsidiary of China Ping An Group, an important member of the Internet business segment/. It was established in August 2014 with 350 million yuan registered capital and is headquartered in Shanghai, China.Companies around the network of doctors, drug network and information network formed threeproduct lines, involving online inquiry, a plurality of segments of the doctor-patient health care management, drug O2O, electronic health records, chronic disease management, child health services. Chinese company to the mobile Internet era medical wisdom of the leader as the goal, to create a user-stop health management solutions provider, China's largest Internet to build a healthy industry ecosystem.Ping An Health Internet also developed a children's health management and chronic disease management, and other vertical applications, to meet the needs of market segments. Reform the health care system combined with the trend, the company vigorously promote the integration of physician resources.

## Greenhouse Capital Partners
- Type: VC Fund
- Location: Sausalito, California, United States
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, Financial Services, Manufacturing

Greenhouse Capital Partners invests in B2B technology solutions that improve resource efficiency, drive climate change resiliency and unlock new value streams across legacy industrial supply chains and infrastructure.

## ASISA Enterprise Development Fund
- Type: VC Fund
- Relevant deals: 1
- Focus: Medical, E-Commerce, Health Care

ASISA Enterprise Development Fund

## WITAMAX
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Finance

Witamax One is an investment firm jointly created by the firm Southbridge A&I and AXXAM Family Office.

## ACE & Company
- Type: VC Fund
- Location: Geneva, Geneve, Switzerland
- Relevant deals: 1
- 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.

## Guardian
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care

Guardian

## WZ Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Medical, Wellness, Health Care

WZ Capital is a boutique venture capital firm investing in early-stage tech startups.

## Enza Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- 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

## 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.

## Capitoria
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Convertible Note
- Focus: FinTech, Medical, Software

Capitoria is a venture capital firm that was founded in 2017.

## Cantos
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Biotechnology, Software, Health Care

Investing in the Near Frontier

## Supernode Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, FinTech

Supernode Ventures they invest in early stage technology companies including fintech, software, digital media, family offices, SaaS companies, and hedge funds.

## Western Technology Investment
- Type: VC Fund
- Location: Portola Valley, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Health Care, Information Technology

Since 1980, WTI has helped more than 1,300 companies across every innovation sector finance their growth while minimizing dilution.

## Vy Capital
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series C, Series B
- Focus: Software, FinTech, Information Technology

A global technology investment firm with a focus on category-defining technology companies with the potential to meaningfully impact humanity.

## Gray Matters Capital
- Type: VC Fund
- Location: Atlanta, Georgia, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Education, Health Care, E-Learning

We are an impact investor in the global south. Our deep roots in microfinance and education finance have demonstrated profit with purpose. We focus on self-development and skilling technology for women to find meaningful work.

## AngelHub Ventures
- Type: VC Fund
- Location: Stellenbosch, NA - South Africa, South Africa
- Relevant deals: 1
- 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.

## Segal Family Foundation
- Type: VC Fund
- Location: Watchung, New Jersey, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Financial Services, Apps, Water

The Segal Family Foundation partners with outstanding individuals and organizations that improve the well-being of communities.

## Global Ventures
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Health Care, FinTech, Financial Services

We back global-minded, growth-stage and technology-focused founders in emerging markets and the world.

## Next Chymia Consulting
- Type: VC Fund
- Location: Sheung Wan, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Seed
- Focus: Blockchain, FinTech, Medical

Create new business models with multidisciplinary blockchain professionals. Next Chymia Consulting has an international network of Blockchain technology and financial services. We are a group which make use of international networks and provide consulting services worldwide.

## Foreign & Commonwealth Office - UK
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Medical, Logistics, E-Commerce

Foreign & Commonwealth Office is a government organization that provides tourists and travellers with travel alerts, tips, and advice. It promotes the United Kingdom's interests overseas supporting its citizens and businesses around the globe.Foreign & Commonwealth Office has a worldwide network of embassies and consulates thatemploys over 14,000 people in nearly 270 diplomatic offices. It works with international organizations to promote British interests and global security, including the EU, NATO, Foreign & Commonwealth Office was founded on January 1, 1936 and is based in London, United Kingdom.

## Picus Capital
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Software

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.

## CRE Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- 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.

## Ardent Capital
- Type: VC Fund
- Location: Bangkok, Krung Thep, Thailand
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Internet, Software

Leading Venture Capital & Builder in Southeast Asia | Experts in E-Commerce, B2B, B2C, Fulfilment Startups | Seed, Series A Funding

## Digital Horizon
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Financial Services, Software, FinTech

## Build Setup

## MaC Venture Capital
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 1
- 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.

## AAIC Holdings
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, Medical, Apps

AAIC Holdingsis engages in nurturing investments in emerging countries, consulting and M&A, management outsourcing and human capital.

## Sequoia Capital
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Information Technology, Internet

We help the daring build legendary companies.

## Jozi Angels
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Medical, Wellness, Recruiting

Jozi Angels is an angel network based in Johannesburg, South Africa. We exist to grow the startup ecosystem and facilitate the growth of innovative startups.

## International Finance Corporation
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, FinTech, Finance

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

## PUSH Ventures
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Apps, Health Care

We are an early-stage Venture Capital Firm investing in outstanding teams with convincing products and high growth potential.

## Ohara Pharmaceutical
- Type: VC Fund
- Location: Koka, Shiga, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Medical, Biotechnology, Nursing and Residential Care

Ohara Pharmaceuticals is a pharmaceutical business involved in the development, manufacture, and distribution of pharmaceutical products.

## Flying Doctors Nigeria
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Retail, Medical

Flying Doctors Nigeria is an ambulance service company that provides medical emergency services. The company also provides medical solutions such as air ambulance and medical evacuation and ground ambulance services. They offer rapid transfer and the highest standards of care to patients in acute medical need, serving both states and privatecompanies on a yearly retainer basis.Flying Doctors Nigeria operates stations manned by specially trained medical doctors across the country from where real-time responses are affected. It was founded in 2009 and is based in Lagos, Nigeria.

## Growth Grid Venture Capital Partners
- Type: VC Fund
- Relevant deals: 1
- Focus: Medical, Software, E-Commerce

Growth Grid Venture Capital Partners

## HOF Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Financial Services

HOF Capital is a global technology investment firm that leverages its global limited partner network to help founders build massive businesses.

## Unis Venture Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Convertible Note
- Focus: Medical, Software, Health Care

Unis Venture Fund 

## TSVC
- Type: VC Fund
- Location: Los Altos, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Health Care

Founded in 2010, TSVC (formerly TEEC Angel Fund) is proud to be a leading early-stage venture capital fund in Silicon Valley.

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