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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Finnfund | 3 | Kenya, India, South Africa | Debt Financing, Series B | Financial Services, FinTech, Renewable Energy |
| Renew Capital | 2 | Uganda, Ethiopia, Kenya | Seed, Angel, Pre-Seed | Food and Beverage, Baby, Reservations |
| Consonance Investment Managers | 2 | Nigeria, United States, Kenya | Seed, Series A, Pre-Seed | Software, Information Technology, FinTech |
| Goodwater Capital | 2 | United States, India, South Korea | Seed, Series A, Series B | FinTech, Financial Services, E-Commerce |
| Novastar Ventures | 2 | Kenya, Nigeria, United States | Series A, Series B | Agriculture, Internet, Clean Energy |
| Newgen Venture Partners | 1 | China, Ethiopia, United Kingdom | Seed, Angel, Series C | Software, Health Care, Social |
| Orange Ventures | 1 | France, United States, United Kingdom | Seed, Series B, Series C | Software, FinTech, Financial Services |
| Partech | 1 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| DEG | 1 | India, Ghana, China | Debt Financing, Series A | Financial Services, Banking, B2B |
| Norfund | 1 | Kenya, South Africa, United Kingdom | Private Equity, Debt Financing | Energy, Financial Services, Renewable Energy |
| Verdant Frontiers | 1 | Kenya, Italy, Ethiopia | Seed, Pre-Seed | Travel, FinTech, Finance |
| Oxfam’s Enterprise Development Programme | 1 | Tunisia, Ethiopia | Grant, Series A | Retail, Blockchain, E-Commerce |
| Impact Angel Group | 1 | Ethiopia | Seed | Food Delivery, Food and Beverage |
| MiraclePlus | 1 | China, United States, Singapore | Seed, Angel, Pre-Seed | Artificial Intelligence, Software, Information Technology |
| KFW DEG | 1 | India, Kenya, Nigeria | Debt Financing, Grant | Financial Services, Finance, Banking |

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