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Top 15 VC Funds & Investors in Rwanda (May 2026)

The most active venture capital funds investing in Rwanda startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Rwanda startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Factor[e] Ventures
VC Fund
3 United States, India, Kenya Seed, Series A, Angel Energy, Renewable Energy, Agriculture $500k–$10M
Nestcoin
VC Fund
2 Rwanda, Nigeria, United States Pre-Seed Cryptocurrency, Blockchain, Education $1M–$1M
ODBA
VC Fund
2 Nigeria, Rwanda, United States Pre-Seed, Seed, Series A Financial Services, FinTech, Financial Exchanges $200k–$2M
Norrsken Foundation
VC Fund
2 United States, Rwanda, Germany Pre-Seed, Seed Financial Services, Health Care, FinTech $125k–$1.1M
pledges.com
VC Fund
2 Rwanda Pre-Seed Education $1M–$1M
Opes Impact Fund
VC Fund
1 Kenya, India, Italy Seed, Series A Energy, Social Entrepreneurship, Renewable Energy $214k–$911k
Blockchain Founders Fund
VC Fund
1 United States, United Kingdom, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $15k–$6M
VestedWorld
VC Fund
1 Nigeria, Kenya, Ghana Seed, Series A, Series B Agriculture, E-Commerce, Financial Services $1.6M–$4.4M
Ecosystem Integrity Fund
VC Fund
1 United States, Norway, Rwanda Series A, Series B Energy, Renewable Energy, Solar $4M–$32M
DOB Equity
VC Fund
1 Kenya, Rwanda, Tanzania Private Equity, Seed Food and Beverage, Farming, Health Care $1M–$4M
U.S. International Development Finance Corp
VC Fund
1 India, United States, Kenya Debt Financing, Post-IPO Debt Financial Services, Finance, FinTech $8.8M–$765M
Oikocredit International
VC Fund
1 India, Nigeria, Ghana Debt Financing, Series B Financial Services, Finance, FinTech $1.1M–$16M
TotalEnergies Ventures
VC Fund
1 United States, France, United Kingdom Series B, Series C Energy, Renewable Energy, Transportation $5M–$60M
Techstars Ventures
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Software, SaaS, Information Technology $500k–$10M
Bathurst Capital
VC Fund
1 Rwanda Pre-Seed Wellness, Insurance, Health Care
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Factor[e] Ventures
VC Fund · Fort Collins, Colorado, United States · 3 investments in Rwanda startups

Impact venture builders dedicated to supporting the people and ideas that turn challenges in energy, agriculture, mobility, and waste into de-carbonized solutions for emerging and frontier markets.

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Investment focus

  • Industry: Energy, Renewable Energy, Agriculture
  • Stage:Seed, Series A, Angel
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 25
  • Round size: Seed $500k–$5M; Series A $1.3M–$10M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • SunFi — SunFi tech solution help people access solar energy with installation and payment plans.
  • Gateway.fm — GatewayFM is the first truly decentralized blockchain infra/node provider, with globally distributed, multichain infrastructure
  • Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.
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Nestcoin
VC Fund · Tórtola, Castilla-La Mancha, Spain · 2 investments in Rwanda startups

Nestcoin is a web3 application company that builds, operates, and invests in crypto-native products.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, Education
  • Stage:Pre-Seed
  • Geography: Rwanda, Nigeria, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $1M–$1M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Stakefair — Stakefair is an ecosystem of blockchain, crypto and DeFi products.
  • Nandi Labs — Nandi Labs, Home of Nandi Cowry, Digital FESTAC and MoveMint Magazine
  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
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ODBA
VC Fund · Port Louis, Port Louis, Mauritius · 2 investments in Rwanda startups

We invest in people and stories, which are at the heart of everything we do.

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Investment focus

  • Industry: Financial Services, FinTech, Financial Exchanges
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Nigeria, Rwanda, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $200k–$2M; Pre-Seed $200k–$1M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Zazuu — Zazuu is a platform for sending money across the border.
  • Bitmama — Bitmama is the best cryptocurrency trading platform that lets you buy, sell Bitcoin, ETH, Celo, USDT, XRP, and more. Available in Nigeria & over 100 countries.
  • GetFundedAfrica — GetFundedAfrica's mission is to help Africa’s most promising startups find funding, grow & solve society’s greatest challenges. We do this through a media portal - GetFundedAfrica News; a learning portal - REMSANA; and an investment arm - GFA Ventures
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Norrsken Foundation
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Rwanda startups

Norrsken Foundation is non-profit organization solving problems such as poverty, famine, environmental issues and mental health.

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Investment focus

  • Industry: Financial Services, Health Care, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: United States, Rwanda, Germany

Investor stats

  • Total investments: 15
  • Round size: Pre-Seed $125k–$1.1M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Motito — Motito promotes financial inclusion and increased access to credit across Africa. Their mobile shopping app provides convenience and a tailored-to-you payment plan.
  • Eden Care Medical — Eden Care Medical is a mobile application that provides medical and health insurance as well as financial services.
  • ORDA — Process orders, accept payments, connect to logistic providers, engage with your customers + more. We equip you with everything you need to grow your business.
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pledges.com
VC Fund · 2 investments in Rwanda startups

Start a US charity in minutes, without filing any paperwork

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Investment focus

  • Industry: Education
  • Stage:Pre-Seed
  • Geography: Rwanda

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $1M–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 1 investments in Rwanda startups

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

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Investment focus

  • Industry: Energy, Social Entrepreneurship, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Kenya, India, Italy

Investor stats

  • Total investments: 17
  • Round size: Seed $214k–$911k
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Mygrants — Mygrants is the most widely used educational online platform for refugees and asylum seekers in Italy and Europe.
  • MunyaxEco — MunyaxEco is working in solar energy as well as energy efficiency sectors by selling and installing environmentally friendly and high-quality equipment.
  • WidEnergy Africa — Widenergy Africa Ltd , is a women – led company, registered in Zambia, dedicated in the last miles distribution of clean energy solutions. We are the official distributor of Little sun solar products in Zambia (Solar lamps, Solar phone chargers), and will start soon with the distribution of clean cook stoves, with the objective to contribute inreduction of the Zambian deforestation rate, known as one of the highest in Africa.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Rwanda startups, 16 in the past 12 months

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 123
  • Round size: Seed $125k–$4M; Pre-Seed $15k–$6M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Freename — Redefining Web3 Naming System. Web3 Registrar: custom TLDs and Domains
  • LunarCrush — Smarter crypto, NFT, and stock investing with insights from millions of conversations happening across social.
  • SuperSight — SuperSight (https://supersight.xyz/), a UK-based start-up, is building crypto-specific Large Language Models (LLMs) to revolutionise the way we interact with crypto data. With 420 million crypto users but only 30,000 able to code for onchain insights, SuperSight bridges the gap, enabling easy access to information from a range ofboth on-chain and off-chain sources like Discord, Telegram, Twitter, Mirror, Podcast Transcripts, and news sites. Beyond just collecting data, SuperSight uses AI to improve the search experience, making it personalised, accurate, and ultimately, more insightful.
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VestedWorld
VC Fund · Chicago, Illinois, United States · 1 investments in Rwanda startups, 6 in the past 12 months

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.

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Investment focus

  • Industry: Agriculture, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Nigeria, Kenya, Ghana

Investor stats

  • Total investments: 23
  • Round size: Seed $1.6M–$2.5M; Series A $4.2M–$4.4M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • FarmWorks — FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
  • EMTECH — For Modern Central Banking
  • 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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Ecosystem Integrity Fund
VC Fund · San Francisco, California, United States · 1 investments in Rwanda startups

The Ecosystem Integrity Fund (“EIF”) is a venture capital firm that invests in early-stage companies contributing to environmental sustainability. It seeks to demonstrate that there is no trade-off between having a positive impact and achieving outstanding financial returns. The movement toward environmental sustainability is making incrementalimprovements to the largest industries in the world. Over the next several decades, the economy will be transformed by this movement.Sustainability is fundamentally about making things better: more efficient, more functional, less toxic, less costly. This is the next phase of the Industrial Revolution.

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Series A, Series B
  • Geography: United States, Norway, Rwanda

Investor stats

  • Total investments: 39
  • Round size: Series A $4M–$30M; Series B $5M–$32M
  • Lead/follow: 77% lead, 23% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Liminal — Advanced battery inspection and metrology with ultrasound and machine learning
  • Battery Smart — Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.
  • Vibrant Planet — Data-driven science and cloud-based technology to help make communities and ecosystems more resilient in the face of climate change.
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DOB Equity
VC Fund · Veessen, Gelderland, The Netherlands · 1 investments in Rwanda startups

DOB Equity is a private equity firm specializing in growth capital and buy-and-build strategies in small and medium companies.

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Investment focus

  • Industry: Food and Beverage, Farming, Health Care
  • Stage:Private Equity, Seed
  • Geography: Kenya, Rwanda, Tanzania

Investor stats

  • Total investments: 41
  • Round size: Seed $1M–$4M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • Kwara — Kwara turns analog credit unions into modern digital banks.
  • Power — Putting individuals on the path towards financial health
  • Eden Care Medical — Eden Care Medical is a mobile application that provides medical and health insurance as well as financial services.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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U.S. International Development Finance Corp
VC Fund · Washington, District of Columbia, United States · 1 investments in Rwanda startups, 14 in the past 12 months

U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest in projects that create jobs in emerging markets in sectors including energy, healthcare, critical infrastructure,telecommunications, and financing for small businesses and women entrepreneurs. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 55
  • Round size: Post-IPO Debt $34M–$765M; Debt Financing $8.8M–$200M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • TerraPay — Accelerating business growth with uninterrupted global payouts and collections
  • TechMet — TechMet Ltd backs world-class teams and makes direct investments into companies and assets across the value chain.
  • Kentegra Biotechnology Holdings LLC — Kentegra Biotechnology Holdings is a leading U.S-Kenyan company that supports a Kenyan-based biopesticide processing business that aggregates, extracts, and refines pale refine extract (PRE) from the pyrethrum flower, and sells the PRE to formulators across the world. Kentegra is committed to improving farmer’s livelihoods by investing in thecommunities where we are working to help farmers and their families have a more stable income and better quality of life.Grants: Norad 2021, AgriFi 2020, USAID 2020, USAID 2019, DEG 2020, DEG 2019
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Oikocredit International
VC Fund · Amersfoort, Utrecht, The Netherlands · 1 investments in Rwanda startups

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.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series B
  • Geography: India, Nigeria, Ghana

Investor stats

  • Total investments: 39
  • Round size: Series B $4.1M–$8.9M; Debt Financing $1.1M–$16M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Kaleidofin — Kaleidofin is a fintech platform that provides complete financial solutions for excluded individuals and households. The platform propels under-banked customers towards meeting their real life goals by providing intuitive and tailored financial solutions. Their solutions take into account the financial roadblocks and vulnerability that thesesegments, such as volatile income streams and limited understanding of the fine print in financial products.Kaleidofin creates individual profiles of households based on several sources and uses that information to tailor its services for each customer. It also provides curated, goal-based financial solutions to people in the underbanked segments. It will leverage the full India stack, existing networks, analytics, structuring, and user-centered design to drive outcomes for customers, in the processKaleidofin was founded in 2017 and is headquartered in Chennai, Tamil Nadu, India.
  • Prestamype — Prestamype was launched in 2017 with the aim of providing a broader access to funding to micro and small businesses, with better credit conditions. With its first product, a secured working capital loan with a real estate collateral, it has lent over USD 24 million to 750 Peruvian entrepreneurs (as of 1st of October 2021). In 2019, Prestamypelaunched its online FX platform called Cambio Seguro. In 2020, the company launched its digital factoring product. In 2021, INCA Ventures and Angel Ventures Peru (AVP), two leading funds in Peru, invested in the company.
  • Annapurna Finance — Annapurna Finance operates as a micro finance company. We offer agricultural loans, money loans, small business loans, insurance and home improvement loans at their doorstep.
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TotalEnergies Ventures
VC Fund · La Défense, Ile-de-France, France · 1 investments in Rwanda startups

TotalEnergies Ventures is the venture capital arm of Total.As part of Total's commitment to a better energy future, TotalEnergies Ventures is focused on finding, funding and fostering high-potential start-ups which will contribute to creating a low carbon future.Current areas of interest include Renewables, Distributed Energy, NewMobility, Energy Access, Energy Storage, Bio-Plastics, Circular Economy, Carbon Capture and Hydrogen.

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Investment focus

  • Industry: Energy, Renewable Energy, Transportation
  • Stage:Series B, Series C
  • Geography: United States, France, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Series B $9.3M–$38M; Series C $5M–$60M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Autogrid — Building a Resilient and Sustainable Grid with Distributed Energy Resources. Enabling a smarter, cleaner, more distributed electric power grid.
  • 45-8 ENERGY — 45-8 ENERGY is exploring eco-friendly helium for uses in many industries.
  • Zola Electric — ZOLA Electric designs renewable energy solutions based on the latest in solar, battery and power electronics technology. Adaptable to energy need and income, ZOLA Electric’s solar systems can be bought over time using PAYGo micro-finance leasing and mobile money payments. ZOLA Electric powers more than 180,000 homes and businesses across Tanzania,Rwanda, Côte d’Ivoire and Ghana. Investors include Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF, Total and GE Ventures. ZOLA Electric is a recipient of the UN Momentum for Change Award, the Zayed Future Energy Prize and is a member of the Global Cleantech 100.
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Techstars Ventures
VC Fund · Boulder, Colorado, United States · 1 investments in Rwanda startups, 9 in the past 12 months

Techstars Ventures (formerly Bullet Time Ventures) is the venture capital arm of Techstars. Bullet Time Ventures is a $150 million fund based in Boulder, Colorado.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 215
  • Round size: Seed $585k–$3.2M; Pre-Seed $500k–$2.5M; Series A $1.2M–$10M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • LunarCrush — Smarter crypto, NFT, and stock investing with insights from millions of conversations happening across social.
  • In-Seam — IN-SEAM. LUXURY, CONNECTED.
  • AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.
Show all investments...

Bathurst Capital
VC Fund · Kicukiro, Kigali, Rwanda · 1 investments in Rwanda startups

Bathurst Capital is an investment firm.

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Investment focus

  • Industry: Wellness, Insurance, Health Care
  • Stage:Pre-Seed
  • Geography: Rwanda

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Eden Care Medical — Eden Care Medical is a mobile application that provides medical and health insurance as well as financial services.
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VC funding in Rwanda at a glance

Stats across 37 deals from 41 investors.

41
investors
in Rwanda startups
37
deals
in Rwanda startups
$263k
median round
in Rwanda startups
46%
lead investors
lead at least one round
22%
Grant
most common funding stage

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VC (Venture Capital) Funds in Rwanda by industry