# Top 50 SaaS Startup Investors in Africa in October 2023

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 42
- 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.........

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 39
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

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.

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 35
- 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.

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 27
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 24
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

Kepple Africa Ventures is an early-stage venture capital firm.

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 24
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 21
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, FinTech, Software

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

## Golden Palm Investments
- Type: VC Fund
- Location: Accra, Greater Accra, Ghana
- Relevant deals: 17
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Health Care

Golden Palm Investments is an investment holding and advisory company.

## Savannah Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 16
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Information Technology

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

## Maroc Numeric Fund
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 13
- Stages: Series A, Seed, Pre-Seed
- Focus: Online Portals, Enterprise Software, FinTech

Maroc Numeric Fund is a tech VC fund investing in Morocco.

## 4Di Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 13
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Financial Services

4Di Capital is a Cape Town-based venture capital fund management firm focused on early-stage technology investments in sub-Saharan Africa.

## TLcom Capital Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 12
- Stages: Series A, Series B
- Focus: Software, Mobile, Information Technology

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds.
TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge.
We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

## Flat6Labs Tunisia
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 12
- Stages: Pre-Seed, Seed
- Focus: E-Commerce, Retail, Education

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders.

## Ingressive Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 12
- Stages: Pre-Seed, Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Ingressive Capital they provide services in business development, partnerships, and financial support.

## EchoVC Partners
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 12
- 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.

## CRE Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 12
- 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.

## Knife Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 10
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

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## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 10
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, FinTech

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

## Idris Ayodeji Bello
- Type: Angel
- Relevant deals: 10
- Stages: Angel, Seed, Pre-Seed
- Focus: FinTech, Software, Financial Services

The 'Afropreneur' (entrepreneur with an African focus), as he self-describes, Idris Ayodeji Bello is a Partner at LoftyInc Allied Partners Limited and co-founder of The Wennovation Hub, an innovation platform based in Nigeria, that has successfully accelerated the launch of several technology start-ups in social impact sectors. He isalso a Founding Partner at Loftyinc Capital Management, owners of the Afropreneurs Fund (I&II)The 'Afropreneur' (entrepreneur with an African focus), as he self-describes, Idris Bello is a Partner at LoftyInc Allied Partners Limited and co-founder of The Wennovation Hub, an innovation platform based in Nigeria, that has successfully accelerated the launch of several technology start-ups in social impact sectors. He is also a Founding Partner at Loftyinc Capital Management, owners of the Afropreneurs Fund (I&II)A first class honors graduate of Computer Engineering from Obafemi Awolowo University, Nigeria, he has an M.Sc in Computer Science & Data Mining from the University of Houston; an MBA in Entrepreneurship & Strategy from Rice University in Houston and an M.Sc in Global Health Science from the University of Oxford, where he was a 2011 recipient of The Lord Weidenfeld Scholarship for demonstrating remarkable potential as a future leader from an emerging economy.Idris spent the greater part of a decade working at Chevron Corporation and ExxonMobil USA, where he led several large upstream technology projects across the USA and Sub-Saharan Africa. Idris has also worked with the Clinton Foundation Health Access Initiative where he played a major role in the deployment and evaluation of Swaziland’s first mobile health patient appointment reminder system as part of the country’s National AIDS Program. Listed among CNN’s Top Ten African Technology Voices, he is a Singularity University Impact Fellow, Harambe Entrepreneur Alliance Associate, Clinton Global Initiative University Fellow, MIT Global Start-up Fellow, SAP Ashoka Global Changemakers Award Winner, Dell Technology Award Winner, StartingBloc Innovation Fellow and a Nigeria Leadership Initiative Future Leader.As a leader, Idris has mentored and catalyzed scores of contributors across the growing African landscape and is an angel investor and advisor to several African startups including Andela, Flutterwave, RelianceHMO, among others. He continues to devote his efforts to the development of innovation-driven, technology-enabled social enterprises that empower the underserved and develop transformative ideas to change lives on the African continent.He spends most of his time between Lagos, Cairo, or airport lounges.

## Kalon Venture Partners
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 10
- Stages: Seed, Series A
- Focus: Apps, Mobile Apps, Software

A growing number of South Africans are investing in venture capital companies that operate under Section 12J of the Income Tax Act. Contact us now.

## Soma Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 9
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Soma Capital is venture capital fund that focuses on investing in software to automate the world across all sectors and geographies.

## iHub
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 9
- Stages: Seed
- Focus: Education, E-Learning, EdTech

iHub is a globally recognized organization that is deeply steeped in the local tech innovation culture. It is fair to say that the iHub has been both the main catalyst for regional tech acceleration and a role model for tech hubs across emerging markets. We are nurturing the best innovation and entrepreneurship ecosystem; one that constantlychallenges and influences technology; one that can be replicated across the continent, as we believe that African innovation will play a critical role in shaping future technology globally.

## Novastar Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 9
- Stages: Series A, Series B
- Focus: Agriculture, Internet, Clean Energy

For the many, not just the few. For good.

## HoaQ
- Type: VC Fund
- Relevant deals: 9
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, Internet, E-Commerce

Startup Investment Club

## Oui Capital
- Type: VC Fund
- Location: Belmont, Massachusetts, United States
- Relevant deals: 9
- Stages: Pre-Seed, Seed
- Focus: Transportation, Information Technology, B2B

Oui Capital is an Africa-focused VC firm backing tech-enabled businesses at the pre-seed & seed stage.

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 8
- 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.

## 4DX Ventures
- Type: VC Fund
- Location: Brooklyn, New York, United States
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Information Technology, Financial Services

4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Our mission is to connect people, ideas, and capital to create a vibrant African community. 

## Enza Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 8
- 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

## Proparco
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 8
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, Energy

Proparco is devoted to private sector funding in the sustainable development sector.

## Lateral Frontiers
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

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## AngelHub Ventures
- Type: VC Fund
- Location: Stellenbosch, NA - South Africa, South Africa
- Relevant deals: 8
- 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.

## Chandaria Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Software

Chandaria Capital operates as a venture capital Fund. We believe that innovative ideas will transform Africa. We invest, mentor, and work together with incredible entrepreneurs to create impactful companies that can change the continent.

## HAVAÍC
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 7
- 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.

## Social Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 7
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, SaaS

At Social Capital, we make big bets on transformational ideas, technology, and people.

## Flat6Labs
- Type: VC Fund
- Location: Gîza, Al Jizah, Egypt
- Relevant deals: 7
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, Apps

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 7
- 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.

## CDG Invest
- Type: VC Fund
- Location: Rabat, Rabat-Sale-Zemmour-Zaer, Morocco
- Relevant deals: 7
- Stages: Pre-Seed, Seed, Convertible Note
- Focus: Apps, Software, Internet

CDG Invest is the investment branch of the CDG group. CDG Invest acts both as an investment manager for its own account following both financial and strategic logic, as well as as a fund manager for third parties. CDG Invest intervenes in various key sectors of the Moroccan economy: industry, agro-food, digital/digital, renewable energy, andterritorial PPP and with various segments of companies.

## UNCOVERED FUND
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: FinTech, Banking, Financial Services

UNCOVERED FUND is a venture capital firm that leads the creation of industries in Africa and other emerging countries.

## V8 Capital Partners
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Health Care, Software

V8 Capital Partners makes investments in enterprise technology businesses across Africa. African Venture Capital for software automation

## P1 Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 7
- Stages: Seed, Series B, Pre-Seed
- Focus: Financial Services, Payments, FinTech

P1 Ventures works as a venture capital firm. They specialize in early-stage industrial technology firms in Africa.

## Newtown Partners
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Logistics, Health Care, Information Technology

Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.

## Unpopular Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

The best companies, off the beaten path.

## VentureSouq
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

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

## Century Oak Capital
- Type: VC Fund
- Location: Vaduz, Vaduz, Liechtenstein
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Retail, E-Commerce, Software

Century Oak Capital GmbH is a venture capital firm specializing in early-stage investments in Europe and Emerging Markets.

## VestedWorld
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Agriculture, E-Commerce, Financial Services

VestedWorld is an early-stage venture capital firm that invests in emerging markets companies that have the potential to generate competitive financial returns while contributing towards the growth and development of the markets in which they are located. The firm supports these businesses through the infusion of capital, active involvement incorporate governance, and by providing direct strategic and operational assistance.

## Investec
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 6
- Stages: Debt Financing, Series A
- Focus: Software, Financial Services, Energy

Welcome to Investec. Find out more about us, our businesses, sponsorships and career opportunities.

## Outlierz Ventures
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Supply Chain Management, Logistics, Information Services

We provide smart capital to grow investable startups in Africa

## Accion Venture Lab
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Financial Services, FinTech, Finance

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

## Michael Seibel
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

Michael Seibel is the Managing Director and Group Partner of Y Combinator. He previously worked at Socialcam as a CEO. Michael Seibel attended Yale University.

## Alumni Ventures
- Type: VC Fund
- Location: Manchester, New Hampshire, United States
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Health Care

Alumni Ventures offers diversified venture portfolios to accredited investors into highly competitive deals that individuals typically do not have access to on their own.

# About Shizune
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