# Top 5 Non Profit VC (Venture Capital) Funds in Africa in October 2023

## Educas
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Education, Non Profit, Environmental Consulting

Educas is a global investment firm focused on the education sector. Educas has two platforms: an international premium K-12 group of 42 schools educating over 31,000 students from Nursery to Grade 12 and a tertiary platform launched in 2017.

## Calvert Impact Capital
- Type: VC Fund
- Location: Bethesda, Maryland, United States
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Finance, Energy

Investing in a more sustainable & equitable world

## Oikocredit International
- Type: VC Fund
- Location: Amersfoort, Utrecht, The Netherlands
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, FinTech

Oikocredit is guided by the principle of empowering people. Their experience proves that the most effective and sustainable means of assisting those in need is providing an opportunity to help themselves.

## Vumela Fund
- Type: VC Fund
- Location: Hyde Park, Newtownabbey, United Kingdom
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Education, Software, Primary Education

Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable and a financially and operationally independent investment business which invests in high growth small, medium and micro size enterprises with good economic and impact returns.Vumela wascapitalised in 2010. Within the first four years, we’d invested R90 million into eight high growth SMEs, and created a total of 400 jobs. They launched their second fund in 2015, after a further investment of R100 million from FirstRand and R127 million from the Jobs Fund. Within the first year of launching this second fund, we’ve committed R43 million to five investments that are expected to create over 1800 new jobs.The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the Shalamuka Foundation and the FirstRand Group.

## Oakley Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Private Equity, Secondary Market, Seed
- Focus: Internet, Consulting, Real Estate

Oakley Capital partners with ambitious founders and management teams to build successful businesses across three sectors: technology, consumer, education.

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