# Top 15 VC (Venture Capital) Funds in Ethiopia in May 2026

## Finnfund
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Debt Financing, Series B
- Focus: Financial Services, FinTech, Renewable Energy

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

## Renew Capital
- Type: VC Fund
- Location: Addis Ababa, Adis Abeba, Ethiopia
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Food and Beverage, Baby, Reservations

RENEW and the Impact Angel Network are one of the most active private equity investors in Ethiopia and recently expanded to Uganda. RENEW and the IAN seek to become the most successful SME investment firm in Sub-Saharan Africa, investing in hundreds of companies across twenty countries. Their mission is to find, invest and help grow great companiesled by visionary leaders.

## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 2
- 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.

## Goodwater Capital
- Type: VC Fund
- Location: Burlingame, California, United States
- Relevant deals: 2
- 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.

## Novastar Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Agriculture, Internet, Clean Energy

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

## Newgen Venture Partners
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Seed, Angel, Series C
- Focus: Software, Health Care, Social

Newgen Venture Partners, founded in 2012, focuses on early stage startup companies with the most innovative ideas and revolutionary technologies.Newgen focuses on investing in early stage companies across two targeted categories: TMT and Life Science. Newgen has helped create, build and invest in more than 50 start-up companies cross China.Newgen works with entrepreneurs, startup strategists and tech devotees to partner with founders to build fast-growing companies. Newgen has spent years refining our craft – learning trade secrets, gaining industry expertise, building network.Newgen manages multiple funds in Shanghai, Beijing and Hongkong. Outside China, Newgen invests in zPark Venture Fund I (AKA Amino Capital), GrubMarket and Junzi Kitchen, etc. Newgen set up an office in London in 2016.

## Orange Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Series B, Series C
- Focus: Software, FinTech, Financial Services

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

## 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.

## DEG
- Type: VC Fund
- Location: Overland Park, Kansas, United States
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Banking, B2B

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

## Norfund
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Private Equity, Debt Financing
- Focus: Energy, Financial Services, Renewable Energy

Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. NOK in total commitments (2019).

## Verdant Frontiers
- Type: VC Fund
- Location: Austin, Texas, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Travel, FinTech, Finance

Verdant Frontiers designs and builds large-scale businesses to deliver compelling returns for investors and life-changing jobs in Africa.

## Oxfam’s Enterprise Development Programme
- Type: VC Fund
- Location: Oxford, Oxfordshire, United Kingdom
- Relevant deals: 1
- Stages: Grant, Series A
- Focus: Retail, Blockchain, E-Commerce

Oxfam’s Enterprise Development Programme (EDP) is an innovative model that provides support to entrepreneurs in some of the world’s poorest countries to help them create and build viable, sustainable businesses. The resulting jobs and associated opportunities provide benefits for both the employees and the wider communities around them, liftingsome of the world’s poorest families out of poverty.

## Impact Angel Group
- Type: VC Fund
- Location: Boulder, Colorado, United States
- Relevant deals: 1
- Stages: Seed
- Focus: Food Delivery, Food and Beverage

The Impact Angel Group operates as a network of angel investors. It focuses on deal sourcing, investment screening, and due diligence. The Impact Angel Group was founded in 2012 and is headquartered in Boulder, Colorado.

## MiraclePlus
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Artificial Intelligence, Software, Information Technology

MiraclePlus invests in and accelerates early-stage startups. MiraclePlus assists startups in developing products that are good enough to succeed in the market. MiraclePlus' acceleration program works with the founders to get each team in top shape so that they can present to thousands of investors on Demo Day.

## KFW DEG
- Type: VC Fund
- Location: Cologne, Nordrhein-Westfalen, Germany
- Relevant deals: 1
- Stages: Debt Financing, Grant
- Focus: Financial Services, Finance, Banking

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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