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Top 30 VC Funds & Investors in Zambia (May 2026)

The most active venture capital funds investing in Zambia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Zambia startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Ground Squirrel Ventures
VC Fund
5 United States, Zambia, Madagascar Seed, Series A Renewable Energy, Solar, Energy $1.8M–$5M
Runa Capital
VC Fund
2 United States, Germany, Russian Federation Series A, Seed, Series B Software, SaaS, Financial Services $800k–$19M
Ventures Platform
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $50k–$4.4M
ACE & Company
VC Fund
2 United States, Switzerland, United Kingdom Seed, Series A Software, FinTech, Financial Services $150k–$26M
Electrification Financing Initiative
VC Fund
2 United States, Kenya, Nigeria Debt Financing, Series A Energy, Solar, Renewable Energy $107k–$30M
The Todd & Rahul Angel Fund
VC Fund
2 United States, Zambia, Nigeria Seed, Series A, Pre-Seed Software, Information Technology, Apps
Enygma Ventures
VC Fund
2 South Africa, Zambia, Swaziland Seed Financial Services, Lending, Education
Vibe VC
VC Fund
2 United States, Zambia, Pakistan Seed, Pre-Seed, Series A Financial Services, EdTech, Retail $3M–$12M
FMO
VC Fund
1 India, The Netherlands, Kenya Debt Financing, Series B Financial Services, Finance, FinTech $1.7M–$120M
Patrick J. McGovern Foundation
VC Fund
1 United States, Kenya, Switzerland Grant, Pre-Seed Non Profit, Education, Health Care $146k–$580k
Earl Grey Capital
VC Fund
1 United States, India, Canada Seed, Pre-Seed, Series A SaaS, B2B, E-Learning $1.5M–$12M
Global Partnerships/Eleos Social Venture Fund
VC Fund
1 Uganda, Zambia Series A, Series B Logistics, Agriculture, Car Sharing $2.1M–$6.3M
GreenTec Capital Partners
VC Fund
1 Kenya, Nigeria, Côte d'Ivoire Seed, Pre-Seed Information Technology, Agriculture, Computer
Twilio
VC Fund
1 United States, Egypt, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $195k–$15M
Johnson & Johnson Foundation
VC Fund
1 Ghana, Zambia, United States Seed, Pre-Seed, Series A Health Care, Fitness, Software
Blockchain Founders Fund
VC Fund
1 United States, United Kingdom, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $15k–$6M
Tiger Global Management
VC Fund
1 United States, India, China Series B, Series A, Series C Software, FinTech, Financial Services $5M–$298M
Goodwater Capital
VC Fund
1 United States, India, South Korea Seed, Series A, Series B FinTech, Financial Services, E-Commerce $920k–$128M
UNDP
VC Fund
1
FINCA Ventures
VC Fund
1 Kenya, Mexico, Sweden Seed, Series A, Pre-Seed Financial Services, Education, Agriculture $1.1M–$4.2M
Not Boring Capital
VC Fund
1 United States, Canada, Zambia Seed, Pre-Seed Cryptocurrency, FinTech, Blockchain $400k–$12M
InfraCo Africa
VC Fund
1 India, Kenya, France Seed Electric Vehicle, AgTech, Agriculture $2M–$3.2M
Shell Foundation
VC Fund
1 India, Kenya, United States Grant, Seed, Series A Energy, Agriculture, Solar $150k–$12M
Danish Investment Fund for Developing Countries
VC Fund
1 France, Myanmar Water, Energy, Finance
Opes Impact Fund
VC Fund
1 Kenya, India, Italy Seed, Series A Energy, Social Entrepreneurship, Renewable Energy $214k–$911k
Finnfund
VC Fund
1 Kenya, India, South Africa Debt Financing, Series B Financial Services, FinTech, Renewable Energy $4.5M–$96M
Jordan Engineering
VC Fund
1 Zambia Seed Agriculture, Financial Services
Zenga Ventures
VC Fund
1 Zambia Seed Apps, Software, Business Information Systems
Zrosk Investment Management
VC Fund
1 Nigeria, United Kingdom, Canada Series A, Pre-Seed, Seed FinTech, Financial Services, Payments
Goodwell Investments
VC Fund
1 Kenya, Nigeria, South Africa Series A, Series B FinTech, Financial Services, Software $1.5M–$14M
Access all 48 VC funds in Zambia startups.

Access 48,091 investors

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

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Investor list

Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 5 investments in Zambia startups

Seed round investment in frontier markets and clean energy

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Series A
  • Geography: United States, Zambia, Madagascar

Investor stats

  • Total investments: 27
  • Round size: Series A $1.8M–$5M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Oze — OZÉ brings African small businesses into the digital era. It is an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business education. If the entrepreneur needs a little extra support, an OZÉ Coach is just a click away. As they are usingOZÉ to manage their business and learn how to run it better, we are learning about them. Using this data and machine learning, we can predict their credit risk and provide them with affordable capital from our banking partners. With over 20,000 registered users, OZÉ is the largest online community of SMEs in Ghana. The most exciting thing is that OZÉ works; 97% of businesses that have used OZE for at least 9 months are growing or profitable or both!
  • Twende — Twende connect people traveling in the same direction - drivers offer the empty seats in their car to other travelers going the same way.
  • 4G Capital — Financial Services, Small Business Loans, Unsecured Loans, Microfinance, Credit Solutions, Working Capital, Flexible Repayment Options, Quick Loan Disbursements, Collateral-free Loans. banking 4G Capital. Kuza. Kawi, Upia, NXTGEN, africa bank. kenya bank. uganda bank. Green Investment, Sustainable returns. funding. impact
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Runa Capital
VC Fund · Palo Alto, California, United States · 2 investments in Zambia startups, 8 in the past 12 months

Runa Capital is a global venture capital firm built by serial entrepreneurs that invests in early-stage software startups around the world...

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Investment focus

  • Industry: Software, SaaS, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, Germany, Russian Federation

Investor stats

  • Total investments: 133
  • Round size: Seed $800k–$5.4M; Series A $1.5M–$10M; Series B $1.4M–$19M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • PandasAI — PandasAI is a Python library that integrates generative artificial intelligence capabilities into pandas, making dataframes conversational
  • Akhetonics — Creating the first all-optical RISC Processor
  • Dashbot — Actionable Voice & Chatbot Analytics. Optimize Response Effectiveness; Understand User Behaviors; Increase User Satisfaction, Engagement, and Monetization.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 2 investments in Zambia startups, 15 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 127
  • Round size: Seed $325k–$4.4M; Pre-Seed $50k–$1.1M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $46M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.
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ACE & Company
VC Fund · Geneva, Geneve, Switzerland · 2 investments in Zambia startups, 8 in the past 12 months

ACE & Company (“ACE”), founded in 2005, is a global investment group specialized in private investments with total assets of over $1.6 bn across three investment strategies and investment solutions. With headquarters in Geneva and offices in London, New York, and Cairo, ACE’s global presence brings the company in direct contact with sourcingpartners, investment firms, as well as entrepreneurs and provides investors unparalleled access to a network of opportunities. ACE’s passion is for finding investment opportunities where we have an advantage through many years of relationship building, a carefully developed position of knowledge in the sectors which we are active, and a culture of efficiency to gain first mover’s advantage. ACE’s purpose is to offer investors a long-term and collaborative investment approach that values honesty, transparency and rigorous execution, so that our strategies not only provide unique access to value accretive, risk-managed deals, but fosters what we consider our bedrock—trust.ACE’s progress has been marked by a globally respected track record since the Company was founded in 2005. In the last four years we have increased our total assets by fivefold and in 2017 received the Swiss Financial Supervisory Authority (FINMA) authorization.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 176
  • Round size: Seed $150k–$5.8M; Series A $3M–$26M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • DePoly — DePoly is a spin off out of the LSMO lab at EPFL- Valais that has developed a novel technology allowing for the chemical recycling of PET plastic back to its main two components ethylene glycol (EG) and terephthalic acid (TPA). Our approach turns low valued materials (PET waste) into high-valued chemicals like TPA creating a circular economy. Weexpect this process to generate revenue from chemically recycling PET to TPA/EG, which can be sold back to industry to make new virgin PET plastic and allowing for a sustainable source of TPA and EG on the market.
  • ANYbotics — ANYbotics provides autonomous legged robots for industrial applications to provide high availability and reliability in automated routine inspections.
  • Pledge — Pledge makes it simple for businesses of every size to measure, reduce and offset the climate impact of their products.
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Electrification Financing Initiative
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Zambia startups

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, Kenya, Nigeria

Investor stats

  • Total investments: 54
  • Round size: Series A $2.1M–$30M; Debt Financing $107k–$9M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • WeLight — WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.
  • Okra Solar — Okra Solar is an IoT technology solution that enables solar generating communities to share and utilize more energy. It is a plug-and-play smart grid technology that enables rapid electrification for last-mile communities. Using mobile payments, modular grid design, and remote monitoring, they provide utility companies with a low-cost, data-drivensolution to operate solar networks in hard to reach communities. They are on a mission to connect off-grid communities to the modern economy.Okra Solar was founded in 2016 and is headquartered in Sydney, Australia.
  • Solarise Africa — Solarise Africa is a pan African energy leasing company for solar PV and other energy assets focusing on Commercial and Industrial (C&I) clients. Its business model is designed for scalability. Solarise Africa focuses on providing smart financing through close collaboration with a selected group of partners across solar and other renewableenergy technologies. For solar PV it is focusing on captive rooftop and ground mounted solar projects ranging from 100kW to 3MW. It is currently active in Kenya, looking to open in South Africa and has plans to expand into East, Southern and West Africa.
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The Todd & Rahul Angel Fund
VC Fund · 2 investments in Zambia startups

The Todd & Rahul Angel Fund is a venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Earth — Earth is the creators of soil transformation, an environmentally-friendly alternative to burial and cremation. Over a 30-day process, they gently transform a body into nutrient-rich soil.Families receive a portion of this soil - to scatter or plant - and the remaining soil is sent to conservation land that we acquire, to restore and protect itfor future generations.Their experience is carbon neutral, digital-first and underpinned by best-in-class family care.Earth is headquartered in Seattle, Washington and was founded in 2020.
  • Wander — Wander is a platform that allows users to book smart homes for their next workcation, vacation, or anything in-between. Wander is a startup that builds infrastructure to experience the world. The company was founded by John Andrew Entwistle.
  • Merkle Manufactory — Merkle Manufactory is a software company contributing to the Farcaster protocol and working on clients.
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Enygma Ventures
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Zambia startups

Enygma Ventures is an investment fund for female entrepreneurs and women founders, focused on Southern Africa or SADC. Unlike traditional private equity, venture capital, and banks our team is full of award winning entrepreneurs who understand the same struggles you face first hand.

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Investment focus

  • Industry: Financial Services, Lending, Education
  • Stage:Seed
  • Geography: South Africa, Zambia, Swaziland

Investor stats

  • Total investments: 9
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Adbot — ...<div class=""><a class="text-link font-weight-bold text-light text-link--blue pt-4" href="https://adbot.co.za/">Read More</a></div>
  • Koa Academy — Koa Academy is on the cutting edge of online schooling in South Africa! We offer small classes, quality educators, and individualized, engaged online learning.
  • Brown and Ayo — Brown & Ayo brings you a range of hair extensions created to mimic our natural hair textures. We pride ourselves in bringing you both trendy and well-loved products. All our products are ethically sourced and sustainably manufactured.
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Vibe VC
VC Fund · 2 investments in Zambia startups

We were told no one would take us seriously as investors without a website, so here's our website.

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Investment focus

  • Industry: Financial Services, EdTech, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Zambia, Pakistan

Investor stats

  • Total investments: 8
  • Round size: Seed $3M–$12M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • RipenHQ — Ripen is creating a multi-player platform for Gen-Zs to simplify their adulthood goals.
  • DealCart — DealCart enables users to buy their favorite products in groups by allowing users to buy in groups and sharing deals on WhatsApp and other social media platforms.
  • Ocho — Ocho is everything you need to build wealth as a business owner.
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FMO
VC Fund · The Hague, Zuid-Holland, The Netherlands · 1 investments in Zambia startups

FMO is a financial investment firm that specializes in financing businesses and projects FMO invests across the agribusiness value chain to enhance food security, support sustainability and promoting inclusive development.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series B
  • Geography: India, The Netherlands, Kenya

Investor stats

  • Total investments: 105
  • Round size: Series B $4.5M–$30M; Debt Financing $1.7M–$120M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Laprophan — Laprophan gives people access to cutting-edge treatments and therapies. As a result, we are committed to researching, developing, and bringing new, innovative goods to market. dedication to patient-centered care pervades everything we do, from product creation to service delivery.
  • AMEA Power — Founded in 2016, AMEA Power has assembled a leading team of global industry experts to deliver clean energy projects across Africa, the Middle East and other emerging markets.
  • Northern Arc — Northern Arc Capital is a non-banking finance company that provides access to debt for under-served investors and businesses. Northern Arc Capita connects originators so that they may deepen their presence and provide access to financial services to millions of under-served households. Northern Arc Capital formerly Known as IFMR Capital. It wasfounded in 2008 and is headquartered in Chennai, India.
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Patrick J. McGovern Foundation
VC Fund · Boston, Massachusetts, United States · 1 investments in Zambia startups

The Patrick J. McGovern Foundation is a global philanthropy bridging the frontiers of artificial intelligence, data science, and social impact to create a thriving, equitable, and sustainable future for all.

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Investment focus

  • Industry: Non Profit, Education, Health Care
  • Stage:Grant, Pre-Seed
  • Geography: United States, Kenya, Switzerland

Investor stats

  • Total investments: 65
  • Round size: Grant $146k–$580k
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • HelpMum — Helpmum is a mobile healthcare service to reduce maternal & infant mortality through e-learning, vaccination tracker, and kit distribution.
  • Dawa Health — DawaMom is a standardized mobile clinic that delivers maternal and neonatal health through a digital health platform leveraging a wide network of trained 1st level clinicians and community health workers (CHWs) for emerging markets.
  • NationSwell — NationSwell is a social impact company dedicated to helping change-makers tackle the world’s most urgent challenges.
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Access 48,091 investors

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

Browse database — It's Free!
Earl Grey Capital
VC Fund · 1 investments in Zambia startups

Founders funding founders at the earliest stages of company building.

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Investment focus

  • Industry: SaaS, B2B, E-Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 12
  • Round size: Seed $2.2M–$12M; Pre-Seed $1.5M–$4.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Learn.xyz — Use the power of AI to create lessons, share them, and inspire others. How long will your streak be?
  • dWallet Labs — dWallet Labs Ltd., based in Tel Aviv, Israel, a cybersecurity company specializing in blockchain technology, is building SingleWallet, the first interface to interact with dWallets on the Odsy Network. The mission of dWallet Labs is to build protocols and solutions on top of the Odsy Network.
  • Mino Games — Mino Games is a free-to-play mobile gaming studio that produced the top 50 grossing mobile game Mino Monsters, with over 13 million downloads. We create deeply engaging, widely appealing games for millions of fans. We’re currently building our world class development studio in Montreal.We are a small group of passionate engineers, artists andanalysts with a mission to create games that millions of people all around the world love to play for years. We are funded by the best angel investors, institutional investors, and gaming companies from across the world.Our third and latest game, Cat Game, has already hit the App Store’s Top 100 Grossing Chart in Canada. The game, currently in soft launch, is showing world class key metrics, and we are expecting it to be a global hit when we launch it by February 2019.We are looking today to grow the team and looking for world class ambitious talent to come join us on the journey, to develop and support this newest title into a global success on both iOS and Android, and help us with future projects as we rapidly grow.
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Global Partnerships/Eleos Social Venture Fund
VC Fund · Seattle, Washington, United States · 1 investments in Zambia startups

Global Partnerships' Social Venture Fund bridges the pioneer gap in sub-Saharan Africa by providing impact-led funding to early-stage social enterprises.

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Investment focus

  • Industry: Logistics, Agriculture, Car Sharing
  • Stage:Series A, Series B
  • Geography: Uganda, Zambia

Investor stats

  • Total investments: 3
  • Round size: Series A $2.1M–$6.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • Good Nature Agro — Their priority is to generate lasting income with small-scale farmers. They build local community leaders into qualified Private Extension Agents (PEAs) who oversee and train farmers throughout the growing season. They support PEAs to provide frequent trainings and personalized recommendations on how their growers can make their field healthier andmore productive. PEAs promote improved farm practices and deliver a farmer-friendly loan of seeds and additional inputs. At harvest, Good Nature is a guaranteed market for the certified legume seed that their growers produce. Choosing to produce these high-value crops over traditional cash crops - maize and cotton - more than doubles their income.
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GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Zambia startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Information Technology, Agriculture, Computer
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Nigeria, C&ocirc;te d'Ivoire

Investor stats

  • Total investments: 21
  • Lead/follow: 90% lead, 10% follow
  • Last fund: May invest from a new fund soon — raised $1.1M in 2017

Portfolio highlights

  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • freshbag — freshbag is a wellness nutrition turnkey solution that supports corporate wellness programs by making it easy and convenient to live - and eat! - healthier.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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Twilio
VC Fund · San Francisco, California, United States · 1 investments in Zambia startups

Twilio is a developer platform for communications and is reinventing telecom by merging the worlds of cloud computing, web services, and telecommunications. With Twilio, developers, and businesses make communications more contextual by embedding voice, video, messaging, and authentication directly into applications.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Egypt, Brazil

Investor stats

  • Total investments: 26
  • Round size: Seed $195k–$1.7M; Series A $8M–$15M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • PolyAI — Consistently deliver your best brand experience, achieve accurate resolution and uncover data-driven business opportunities
  • Frame AI — Frame AI is the customer feedback intelligence engine that powers winning CX with automatic sentiment, effort, and actionable themes extracted from every customer interaction in every channel. Learn how leading companies like Fastly, NVIDIA, and Oscar Health use Frame AI to activate needle-moving customer feedback at www.frame.ai.
  • Treble.ai — Convierte WhatsApp en tu canal de ingresos #1 con Treble.ai, la plataforma de Marketing por WhatsApp que aumenta conversiones
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Johnson & Johnson Foundation
VC Fund · 1 investments in Zambia startups

The Johnson & Johnson Foundation is a registered charitable organization that reflects the commitment of the Johnson & Johnson Family of Companies to keeping people well at every age and every stage of life by blending heart, science, and ingenuity to profoundly change the trajectory of health for humanity.

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Investment focus

  • Industry: Health Care, Fitness, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Ghana, Zambia, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Dawa Health — DawaMom is a standardized mobile clinic that delivers maternal and neonatal health through a digital health platform leveraging a wide network of trained 1st level clinicians and community health workers (CHWs) for emerging markets.
  • NextStep — NextStep is an information technology company that provides training and job placement for workers via mobile application platform. It features a mobile and web-based platform that enables its users to manage staff accordingly on their accurate positions. The company was founded in 2018 and headquartered in Seatle, Washington.
  • Redbird — Millions of Africans live with chronic diseases without a convenient way to manage their health. And every year, millions more develop chronic disease – at a rate of two times the world average. Unlike those with acute disease, chronic disease patients require not just treatment, but also lifelong health monitoring to remain healthy andproductive. African chronic diseases patients need a convenient way to manage their conditions, and the current, top-down approach to healthcare cannot cope.That’s where we come in. At Redbird, we supply pharmacies with everything they need to offer rapid diagnostic services for chronic disease, helping them to solve this need by establishing them as the most convenient place for patients to manage their health.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Zambia 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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Tiger Global Management
VC Fund · New York, New York, United States · 1 investments in Zambia startups, 45 in the past 12 months

Tiger Global Management is an investment firm that deploys capital globally.Tiger Global seeks to earn superior risk-adjusted returns for its investors over the long term. The firm’s fundamentally oriented investments focus primarily on the global Internet, technology, telecom, media consumer, and industrial sectors. The private equity strategyhas a ten-year investment horizon and targets growth-oriented private companies. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 767
  • Round size: Series A $5M–$35M; Series B $15M–$100M; Series C $20M–$298M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $13B in 2022

Portfolio highlights

  • JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
  • Databricks — Databricks combines data warehouses & data lakes into a lakehouse architecture. Collaborate on all of your data, analytics & AI workloads using one platform.
  • Harbinger — Founded by veterans of Canoo and Faraday Future, Harbinger is an automotive company that develops EV platforms optimized for medium-duty trucks and delivery vans.
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Goodwater Capital
VC Fund · Burlingame, California, United States · 1 investments in Zambia startups, 68 in the past 12 months

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.

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, South Korea

Investor stats

  • Total investments: 326
  • Round size: Seed $920k–$5M; Series A $4.5M–$30M; Series B $15M–$128M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Ello — Ello is an app-based reading coach that listens to your child read from real books, teaches and motivates them, and transforms them into enthusiastic readers.
  • Brine.fi — The best onchain spot trading crypto exchange
  • Automat AI — Robotic process automation for Chrome using GPT3 guided Computer Vision
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UNDP
VC Fund · New York, New York, United States · 1 investments in Zambia startups

UNDP works to eradicate poverty and reduce inequalities through the sustainable development of nations, in more than 170 countries and territories.

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Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Netagrow Technologies — Netagrow's intelligent, seamless agriculture solution helps customers maintain higher standards of crop quality and growth capacity by artificial intelligence monitoring, analytics, and automation. We help forest and agricultural companies save resources, increase yields, and manage land in a more environmentally responsible manner. Those withsmall scale and commercial needs seek to improve and expand forest and agricultural production.
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FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 1 investments in Zambia startups

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

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Investment focus

  • Industry: Financial Services, Education, Agriculture
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, Mexico, Sweden

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$4M; Series A $1.1M–$4.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kwara — Kwara turns analog credit unions into modern digital banks.
  • FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
  • Bamba — We help large companies that want to help their affinity users to solve unforeseen events fast, by minimizing costs, through a smart digital agent embedded in any company’s interface
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Not Boring Capital
VC Fund · Seattle, Washington, United States · 1 investments in Zambia startups, 11 in the past 12 months

Behind-the-Scenes of Raising a Fund to Invest in Companies with Stories to Tell

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Investment focus

  • Industry: Cryptocurrency, FinTech, Blockchain
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, Zambia

Investor stats

  • Total investments: 25
  • Round size: Seed $3.1M–$12M; Pre-Seed $400k–$4.4M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Jia — Small businesses drive the economy. They deserve to own a piece of it. Jia gives entrepreneurs anywhere in the world power to control their financial destiny. We provide blockchain-based financing to businesses in emerging markets and reward them with ownership, enabling them to create wealth and prosperity for themselves and their communities.
  • Bastion — Bastion blends the best of web2 and web3 technologies to broaden opportunities for organizations and their customers.
  • Karate Combat — Karate.com is the Official Home for Karate Combat: Full-Contact Karate Fighting. Watch our Events, Free! And Get the Latest News about Upcoming Fights.
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InfraCo Africa
VC Fund · London, England, United Kingdom · 1 investments in Zambia startups

InfraCo seeks to fund and develop projects in sectors or geographies where the private sector would not otherwise work at such an early stage, seeking to exit its projects to private sector developers/financiers once project viability has been demonstrated, normally at or shortly before financial close. InfraCo will not compete directly withthe private sector but seeks to mobilise private sector involvement by bearing the time and cost risk of front end project development in order to mobilise private sector investment.

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Investment focus

  • Industry: Electric Vehicle, AgTech, Agriculture
  • Stage:Seed
  • Geography: India, Kenya, France

Investor stats

  • Total investments: 5
  • Round size: Seed $2M–$3.2M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Zembo — Zembo provides affordable electric motorcycles for motorcycle taxi drivers in Africa.
  • Africa GreenCo — Our mission - addressing creditworthiness to increase generation and growth of renewable energy markets through partnerships and innovative solutions.
  • Mobility for Africa — Mobility for Africa produces electric tricycles, bicycles, and other small vehicles that are affordable, high-quality, and sustainable.
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Shell Foundation
VC Fund · London, England, United Kingdom · 1 investments in Zambia startups

Shell Foundation is an independent charity established by the Shell Group in 2000 to create and scale new solutions to global development challenges. We apply business thinking to major social and environmental issues linked to the energy sector – and seek to leverage the skills and networks of Shell where possible to deliver greater developmentimpact.Over the years, learning from both success and failure, we have established a new enterprise-based model to deliver significant and lasting social and environmental outcomes. We now deploy a blend of financial and non-financial resources to accelerate social innovation and harness private markets to deliver public benefit at scale.

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Investment focus

  • Industry: Energy, Agriculture, Solar
  • Stage:Grant, Seed, Series A
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $790k–$1.1M; Grant $150k–$10M; Series A $12M–$12M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • AgroCenta — AgroCenta is an online platform that connects the smallholder farmer in the staple food (rice, maize, millet and soybean) value chain to a wider online market to trade
  • Kofa — Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
  • Easy Matatu — Easy Matatu is a tech platform connecting commuters in Africa to safe, reliable and clean transportation
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Danish Investment Fund for Developing Countries
VC Fund · 1 investments in Zambia startups

Danish Investment Fund for Developing Countries

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Investment focus

  • Industry: Water, Energy, Finance
  • Geography: France, Myanmar

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Eranove — The Eranove group counts more than 9000 employees all engaged in developping hydroelectric solutions to allow all the pan african citizens to access electricity and drinking water
  • Africa GreenCo — Our mission - addressing creditworthiness to increase generation and growth of renewable energy markets through partnerships and innovative solutions.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 1 investments in Zambia 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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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Zambia startups, 8 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Renewable Energy
  • Stage:Debt Financing, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 40
  • Round size: Series B $5M–$27M; Debt Financing $4.5M–$96M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Kasha — Kasha is an innovative e-commerce platform based in East Africa, built for women's health, personal care and beauty products accessibility within urban and rural areas.
  • Satya MicroCapital — Satya MicroCapital is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralised approval system.SATYA started its microfinance operations by adopting the “Joint Liability Group (JLG) Model” with adequate use of technology and new adaptations. JLGs of SATYA means implementationsof Joint Liability of group members which exists up to 10 instalments in Bi-Weekly collections. The Company believes in the ideology to bring social touch and high technology in the Indian microfinance industry.The JLG lending operation mainly focuses on a woman (in case of SATYA, her husband acts as co-borrower) through a credit product that allows her to start a new business or enhance her existing business as well. SATYA provides prompt, convenient and affordable collateral-free credit to people at the bottom of the pyramid through a strong credit assessment and centralized approval.The Company started its microfinance operation from Sikandrabad Branch, Bulandshar District of Uttar Pradesh and the first token disbursement was done in November 2016. SATYA utilized demonetization as an opportunity to rework on the business strategy through cashless transactions. SATYA is an institution build with a vision of change, transformation and will be a differentiator in financial inclusion space and its approach is well recognized by industry experts and professionals across different sectors. SATYA is committed to being a socially responsible organization with a focus on Health, Education, Financial Literacy, Nasha-Mukt Samaaj, Gender Equality, and Swachh Bharat. The Company is spreading social awareness messages in its area of operations.
  • 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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Jordan Engineering
VC Fund · 1 investments in Zambia startups

Jordan Engineering

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Investment focus

  • Industry: Agriculture, Financial Services
  • Stage:Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • Rent To Own Africa — What We're Up To Southwest England Albania, Kosovo and Macedonia Robotics Model Railroading
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Zenga Ventures
VC Fund · 1 investments in Zambia startups

Zenga Ventures is an investing firm for startups.

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Investment focus

  • Industry: Apps, Software, Business Information Systems
  • Stage:Seed
  • Geography: Zambia

Investor stats

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

Portfolio highlights

  • ZPOS — ZPOS is a mobile application that speicalizes in shop management system which allows to record all transactions of the business.
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Zrosk Investment Management
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Zambia startups

Zrosk Investment Management is an investment firm that invests in early-stage startups. We invest across the pre-seed to series A spectrum. We typically target at least 10% ownership in businesses we invest in and tend to maintain that position until series A providing much-needed early follow-on capital for our portfolio companies. Our commitmentis to provide more than just capital and to be one of the most prominent value-added investors on a company's cap table.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Series A, Pre-Seed, Seed
  • Geography: Nigeria, United Kingdom, Canada

Investor stats

  • Total investments: 10
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Pade HCM — Hire, manage and pay your global team Hire anyone in Africa and automate onboarding, team management, payroll, compliance and much more.
  • trac — We empower independent artists with the tools needed to launch & grow their career.
  • Kunda Kids — Kunda Kids is helping kids around the world fall in love with reading through our storybooks and activity books. Browse our range of storybooks for kids. Perfect for kids ages 3 to 8 years
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Zambia startups

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 35
  • Round size: Series A $1.5M–$7.5M; Series B $2M–$14M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • MFS Africa — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
  • SOUK Farms — SOUK Farms is a fresh horticulture supply grower and exporter that pioneers innovation to improve agricultural sustainability and stimulate economic and social development.
  • Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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VC funding in Zambia at a glance

Stats across 34 deals from 48 investors.

48
investors
in Zambia startups
34
deals
in Zambia startups
$2.6M
median round
in Zambia startups
42%
lead investors
lead at least one round
41%
Seed
most common funding stage

Access all 48 VC funds in Zambia startups.

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