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Top 5 SaaS Startup Investors in Ethiopia (October 2023)

The most active venture capital funds and angel investors investing in Ethiopia SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ethiopia SaaS startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Consonance Investment Managers
VC Fund
2 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, FinTech $50k–$2.5M
IFC Venture Capital Group
VC Fund
1 United States, India, Brazil Series B, Series C E-Commerce, Financial Services, Internet $8M–$156M
Partech
VC Fund
1 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, Financial Services $1M–$54M
Orange Ventures
VC Fund
1 France, United States, United Kingdom Seed, Series B, Series C Software, FinTech, Financial Services $214k–$75M
Samuel Z. Alemayehu
Angel
1 Cameroon, Ethiopia, Singapore Series A, Seed, Series B SMS, Machine Learning, Artificial Intelligence
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Investor list

Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Ethiopia SaaS startups

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

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 30
  • Round size: Seed $550k–$2.5M; Pre-Seed $450k–$1M; Series A $50k–$1.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Releaf — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • Tripesa — Tripesa offers payment solutions for Africa's travel and tourism industry.
  • Norebase — Norebase knows that there's an opportunity to grow successful businesses in Africa. It also understands the complexities of the market, and so is using technology to make doing business in Africa worthwhile. With Norebase get to operate in Africa with no hassle and with minimum risk.
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IFC Venture Capital Group
VC Fund · Washington, District of Columbia, United States · 1 investments in Ethiopia SaaS startups

IFC supports technology ventures that are creating new opportunities in emerging markets, transforming industries, and driving inclusive growth while realizing strong returns.

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Investment focus

  • Industry: E-Commerce, Financial Services, Internet
  • Stage:Series B, Series C
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 59
  • Round size: Series B $8M–$156M; Series C $9.1M–$60M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Figopara — Figopara is a solution that discounts companies' e-invoices before their due dates with the offers received by financial institutions. It provides secure information to the financial companies that the customer is associated with and wants to reach by providing them with printed invoice information.Figopara was established in 2017 to developfinancial technology applications and is headquartered in Istanbul, Turkey.
  • Scanntech — Scanntech provides point-of-sale software to retail stores. The company offers tech solutions and connectivity in sales points to enables independent supermarkets to process transactions, run inventory management, and provide financial services to consumers through intelligence point of sale software.Scanntech was founded in 1992 and is based inMontevideo, Uruguay.
  • Liquid Telecom — Liquid Intelligent Technologies, a business of Cassava Technologies is a pan-African technology group with capabilities across 14 countries, primarily in Sub-Saharan Africa.
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Partech
VC Fund · Paris, Ile-de-France, France · 1 investments in Ethiopia SaaS startups, 29 in the past 12 months

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.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 432
  • Round size: Seed $1M–$5.6M; Series A $2.5M–$25M; Series B $8M–$54M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
  • UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
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Orange Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Ethiopia SaaS startups

Orange Ventures is the Venture Capital Fund of the Orange Group, with 350m euros under management

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 65
  • Round size: Seed $214k–$4.8M; Series B $11M–$32M; Series C $24M–$75M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • CorralData — Experience the power of AI-generated metrics and insights with CorralData. Get one month free and seamlessly integrate with 200+ data sources with no upfront costs.
  • Epoca — Epoca prepare the health solution of your dreams .
  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
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Samuel Z. Alemayehu
Angel · 1 investments in Ethiopia SaaS startups

Samuel Z. Alemayehu is the Founder and Chairman Of The Board Of Directors of Cambridge Industries.

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Investment focus

  • Industry: SMS, Machine Learning, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Cameroon, Ethiopia, Singapore

Investor stats

  • Total investments: 9
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • SantéPhone — SantéPhone is a mobile-based health prevention platform founded in partnership with leading health insurance companies across West Africa. The application was powered by 4Afri Mobile.
  • Nextbillion.ai — Build and scale your applications with ease using NextBillion ai's route optimization and navigation APIs. Deliver high performance and maximize ROI with NextBillion ai's navigation APIs, SDKs and tools. Try now.
  • Cambridge Industries — Designing, constructing and operating extremely cost-competitive and scalable waste-to-energy facilities customised for Sub-Saharan Africa Cambridge Industries is a holistic waste management and renewable energy generation company, delivering leading technologies to address waste and energy deficiencies in Africa. They produce clean/greenenergy while solving waste-related problems by reducing the amount of waste going to landfills. Their goal is to turn one of Africa's most challenging social problems, the management of waste, into a source of new wealth. Cambridge’s 'Green Vision' is a comprehensive, sustainable, clean, and renewable power generation and waste management system designed specifically for African cities. Effective power generation and waste management are among the principal challenges faced throughout Africa, particularly in its rapidly urbanizing cities. Cambridge Industries provides local governments with an efficient, cost-effective solution to resolving power deficits while managing municipal waste, from garbage collection to the treatment and ultimate conversion of the waste to low-emission, renewable electricity and useful byproducts, such as recycled metals and building materials.
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