Kepple Africa Ventures is a venture capital firm founded in 2019 and based in Tokyo, Japan, that provides seed-, early-, and later-stage financing to African startups, with a focus on information technology, fintech, and consumer sectors.

Beyond Capital Fund is an impact investment organization based in New York, established in 2009. It makes for-profit, early-stage investments in startups in East Africa and India, targeting health care access, sanitation, clean energy, agriculture and food security, and financial inclusion to improve the lives of people in low-income communities. The fund seeks market-rate returns but is structured as a nonprofit, which allows it to emphasize its social mission alongside its financial mandate.

Novastar Ventures is a Kenya-headquartered venture capital firm focused on early to growth capital for businesses that serve Africa’s mass market. Founded in 2014, it operates from Nairobi with additional offices in Lagos and London, and partners with entrepreneurs to develop innovative business models that improve outcomes in healthcare, education, agriculture, energy, housing and sanitation, financial services, information technology, and consumer products. The firm concentrates on bottom-of-the-pyramid markets across East and West Africa and beyond, emphasizing solutions that drive value for the many rather than the few. It positions itself as a venture catalyst rather than a traditional fund manager, providing hands-on support to entrepreneurs to bring ideas to life and scale impact. Typical investments range from about $0.25 million up to $8 million, and the firm pursues investments that combine commercial returns with ESG and social impact.

AHL Venture Partners is a venture capital firm that provides growth capital through minority equity, quasi-equity, and debt investments in African companies. It focuses on energy access, financial inclusion, agriculture, climate, and food sectors, with activity across Eastern and Southern Africa and offices in Vancouver, Nairobi, Lusaka, and Accra. The firm emphasizes rapid decision making and ongoing business support, with locally grounded teams to assist portfolio companies as they scale.

FrontEnd Ventures is a Nairobi-based venture capital firm that provides capital and strategic support to tech-enabled startups across East Africa. The firm focuses on backing local and diverse founder teams that are passionate about innovating and transforming value chains in the region.

Pearl Capital Partners is a venture capital firm investing in small and medium-sized agribusinesses in East Africa, with a focus on Uganda. Founded in 2005, the company invests between $0.25 million to $2.5 million per company using a combination of equity, quasi-equity, equity-related, and debt investments.

Africa Oil Corp is a Canadian oil and gas company with assets in Kenya and Ethiopia and Puntland in Somalia through its 41% equity stake in Africa Energy Corp. Its East African holdings form part of a prolific exploration play along the East African Rift Basin, with a land position exceeding 200,000 square kilometers. In Kenya’s Lokichar basin, the company holds a 50% interest alongside operator Tullow Oil, supporting ongoing exploration in the region.

Zephyr Acorn is a venture investment entity affiliated with Zephyr Management that provides equity financing and hands-on business support to innovative early-stage companies in East Africa. It invests across sectors with the aim of helping portfolio companies scale locally and extend their growth across the continent and beyond.

TBL Mirror Fund is a venture capital and private equity investment firm based in Nairobi, Kenya, with an additional office in the Netherlands. It backs small and medium enterprises in East Africa and Nigeria, focusing on information and communications technology, healthcare, and consumer goods, along with related commercial services. The firm primarily invests in equity or quasi-equity, often taking a minority stake and a board seat to help guide growth. It targets early to mid‑stage companies and seeks partnerships with strategic investors, typically engaging in mid-sized funding rounds. The firm emphasizes ethical norms, environmental responsibility, and good labor practices in its portfolio. Beyond providing capital, it supplies governance and operational know‑how from its managers and investors to help portfolio companies scale, with attention to software, telecom infrastructure, healthcare services, and consumer goods logistics and distribution across East Africa and Nigeria.

Surya Capital is a principal investment firm focused on high-growth markets in Sub-Saharan Africa, with emphasis on East Africa and Ethiopia. Not structured as a private equity fund, it provides patient and flexible capital to businesses, complementing capital with operational expertise by sourcing operating partners and strategic investors experienced in its sectors. The firm's management team leverages decades of private equity investment and business-building experience to partner with entrepreneurs on refining strategies, strengthening competitive advantages, and executing growth and expansion plans, while assisting with new financing and building execution capabilities. Its flexible approach includes greenfield, growth, and control investments, tailoring proposals to each opportunity while adhering to private equity governance standards. Surya Capital aims for win-win partnerships with local communities and stakeholders, combining rigorous governance with long-term value creation.

IFU is a venture capital and private equity firm based in Copenhagen, Denmark, that specializes in providing equity, mezzanine financing, loans, and guarantees to projects in developing countries. Established in 1967, IFU focuses on creating and financing new businesses, joint ventures between Danish companies and local partners, and acquiring existing ventures. The firm primarily invests in sectors such as commercial services, biofuels, renewable energy, and irrigation systems, with a particular emphasis on climate and agribusiness. Investments are targeted at countries with a low gross national income per capita, as defined by specific criteria, and include regions across Africa, Asia, Europe, and Latin America. IFU typically invests between DKK 0.5 million and DKK 100 million and often seeks co-investment opportunities with Danish firms. The firm also supports small and medium-sized enterprises and provides advisory services for business investments in developing markets. With a preference for board membership, IFU aims to exit investments within five to seven years, ensuring a positive return for its stakeholders.

H2O Venture Partners is an impact-focused venture capital company based in Oxford, United Kingdom, with an additional office in Kigali, Rwanda. It commercialises early-stage technologies by partnering with university spinouts, research organisations and existing companies, providing seed and early-stage capital and strategic support to help bring innovations to market. The firm concentrates on socially responsible opportunities in agriculture in East Africa, healthcare technologies such as telemedicine and point-of-care solutions, and environmental sectors, and it pursues spinouts or the development of dormant intellectual property held by existing companies. Across its investments, it aims to back transformative technologies at the start of commercialization, often spanning seed to growth stages, and to help founders navigate the path from concept to market-ready products.

Global Partnerships/Eleos Social Venture Fund is an early-stage impact-led fund focused on investing in social enterprises that aim to improve the lives of individuals living in poverty in East Africa. The fund targets approximately 12 high-potential social enterprises operating in sectors such as education, energy, health, rural livelihoods, sanitation, and water. Financing is provided through seed-stage convertible debt and early-stage equity, with an emphasis on active engagement at the board level. The overarching goal of the fund is to positively affect the lives of over 5 million people throughout its duration.

Renew Capital is a venture capital firm focused on Africa, headquartered in Addis Ababa, Ethiopia, established in 2007, that finances businesses operating in the impact and technology sectors across the continent and seeks to bridge critical gaps for Africa's growing companies by connecting them to a global network of impact investors.

Factor[e] Ventures is an impact venture builder and investment firm that supports early-stage companies in mobility, agriculture, energy and water. Based in Fort Collins, Colorado, it operates across emerging and frontier markets with a focus on Sub-Saharan Africa, backing market-driven solutions that advance sustainable development. The organization connects philanthropic and commercial investors pursuing decarbonized growth, aiming to turn disruptive ideas into scalable businesses addressing energy, agriculture, mobility and waste challenges in fast-growing regions.

AlphaMundi is a Swiss-based impact investing company that provides debt and equity financing to profitable, scalable ventures across sectors such as fintech, rural microfinance, smallholder agriculture, renewable energy access, and affordable housing and education for low-income communities. It is exclusively dedicated to impact investing, seeking financial returns together with measurable social and environmental benefits. The firm supports development-focused ventures through dedicated investment programs and co-investments, aiming to broaden the integration of impact considerations into traditional investment portfolios. AlphaMundi also engages in education, publications, and industry initiatives to advance the field of impact investing and to promote sustainable development within financial markets.

Founders Factory builds and funds startups by pairing capital with hands-on support. Founded in 2015 in London, it operates as an accelerator and venture builder, investing in fintech, health, climate, and deeptech. The firm collaborates with entrepreneurs and leading corporate partners to develop ideas, technologies, and business models, providing capital and tailored operational support from a team of specialists and a broad network. It has backed hundreds of technology companies worldwide through its accelerator and venture-building programs.

Launch Africa Ventures is a venture capital firm based in Ebene, Mauritius, founded in 2020. It invests in early-stage technology and platform-enabled businesses across Africa, with a focus on fintech, healthtech, climate tech, agritech, edtech, transportation, logistics, mobility, e-commerce, software as a service, artificial intelligence, big data, and analytics, spanning both business-to-business and business-to-consumer models.

Ecosystem Integrity Fund is a California-based venture capital firm founded in 2010 that finances early-stage companies advancing environmental sustainability. The firm seeks to demonstrate that sustainable practices can coexist with solid financial returns and targets investments in sectors including energy, transportation, clean tech, climate resilience, agriculture and food, water, and waste management, with emphasis on resource efficiency, biodiversity, and environmental remediation. It pursues impact investments aligned with ESG goals and often supports companies across North America, with later vintages expanding to Canada and Europe. Investments typically occur at the early growth stage, with capital deployed to help portfolio companies scale solutions that reduce environmental impacts and strengthen ecosystem integrity.

Uncovered Fund is a venture capital firm founded in 2019 and based in Tokyo, Japan. It targets early-stage startups and concentrates its investments in Kenya, Nigeria, and South Africa, spanning sectors such as retail, fintech, health tech, logistics, mobility as a service, agritech, and smart city initiatives.

Science is a California-based venture capital firm headquartered in Santa Monica that targets early-stage technology investments in the United States and India. The firm participates across seed, early, and later stages and backs companies in sectors including e-commerce, apparel, data services, media, blockchain, edtech, fintech, IoT, micro-mobility, gaming, and marketplaces. It identifies entrenched markets and societal shifts and supports disruptive companies with highly focused teams, and has co-founded and invested in more than 60 companies.

Wonder Ventures is a venture capital firm based in Malibu, California that invests in technology startups at the early stage. It focuses on companies spanning software, blockchain, consumer technology, fintech, healthcare, marketplaces, transportation and logistics. While anchored in Southern California, Wonder Ventures actively supports teams in major markets such as Los Angeles, New York City and Silicon Valley, seeking to back founders with strong ideas and long-term solutions.

European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.

Mercia Asset Management is a UK-based asset management firm focused on equity and debt investments, including venture and private equity, across the United Kingdom. It provides a complete capital solution, aiming to deliver superior returns to business owners, shareholders and fund investors. The firm backs companies in sectors such as digital and digital entertainment, electronics, materials, manufacturing, engineering, life sciences and biosciences, software and e-commerce, and the internet. Founded in 1982, Mercia Asset Management operates within the UK asset management landscape and supports growth-oriented businesses.

Inspired Evolution Investment Management is a Cape Town-based private equity and venture capital firm focused on sustainable energy and environmental technologies in Sub-Saharan Africa. Founded in 2007, the firm targets growth-oriented opportunities across clean energy, energy efficiency, water treatment, waste management, sustainable agriculture, and related infrastructure. It provides equity capital across multiple stages, often acting as a lead investor and taking board seats in portfolio companies. The firm emphasizes both financial returns and measurable development outcomes, and it generally targets markets in Southern Africa with broader engagement across Africa. In addition to capital deployment, Inspired Evolution offers advisory services to support growth and sustainability strategies. The firm operates offices in Mauritius, Ivory Coast, Kenya, and London, enabling cross-border collaboration and sourcing opportunities.

LoftyInc Capital is a venture capital firm based in Victoria Island, Lagos, focused on Africa's growth enterprises. Over the past decade it has invested over $25 million in more than 150 companies, including several unicorns, and attracted over $1.5 billion in follow-on funding to its portfolio. It has built an ecosystem of tech hubs, angel networks, and talent platforms to support portfolio companies. The firm has achieved multiple exits and delivered strong returns across its Afropreneurs funds.

SOSV is a global venture capital firm based in Princeton, New Jersey, founded in 1995, that focuses on seed to growth investments in deep technology across health, environmental tech, hardware, robotics, and cross border software, with a particular emphasis on Asia. The company runs accelerator style startup development programs, including HAX and IndieBio, which provide facilities, engineering resources, and lab equipment to help founders accelerate product development, acquire customers, and attract later stage funding. SOSV pursues a limited number of high potential startups, offering extensive hands on support to speed commercialization and scale, and aims to back innovations that improve human and planetary health.

Silverbacks Holdings is a venture capital firm based in Cybercity Ebene, Mauritius, founded in 2019. It invests in sports, technology, and entertainment sectors across Africa, supporting portfolio companies with capital and strategic guidance to scale within the continent.

Equator Venture Capital is a Nairobi-based venture capital investment firm founded in 2023 that backs technology-enabled, early-stage ventures in energy, agriculture, and mobility. Its portfolio targets startups advancing an equitable climate transition and inclusive economic growth across Sub-Saharan Africa. The firm emphasizes climate-positive sectors and supports growth with a team of technologists, operators, and experienced investors who have a track record of scaling early-stage ventures in the region.

VestedWorld is a Chicago-based early-stage venture capital firm that invests in agribusinesses, consumer products and services, and technology-enabled businesses across Sub-Saharan Africa. Founded in 2014, the firm targets emerging-market companies and supports them with capital, active involvement in governance, and strategic and operational assistance to foster growth and development in the markets it serves.

Ground Squirrel Ventures is a Boston-based venture capital firm founded in 2018 that focuses on early-stage opportunities addressing climate change. The firm prioritizes frontier-market investments and clean energy initiatives, seeking to fund companies that advance climate mitigation and sustainable development. Its activity spans regions including Africa, with additional investments in Haiti, Asia, and Latin America, reflecting a global approach to deploying capital where climate-related challenges and growth potential intersect. Ground Squirrel aims to support seed-stage ventures that can scale impact in frontier markets and contribute to energy transition and environmental sustainability.

Chandaria Capital is a venture capital investment firm founded in 2017 and based in Nairobi, Kenya. It invests in innovative ideas with the potential to transform Africa and provides mentorship and strategic support to entrepreneurs to help build impactful companies across the continent.

Founded in 2022, Volve Capital is an Amsterdam-based venture capital firm investing in early-stage tech and impact startups across Western Europe.

Sunu Capital is an early-stage venture capital firm based in Nairobi, Kenya. It invests in companies across the global south that aim to create a more prosperous, inclusive, and self-sustaining future. The firm provides tailored investments and leverages its network to offer additional capacity and capital, helping portfolio companies grow and prepare to access follow-on funding. Sunu Capital emphasizes long-term partnerships and responsive support to enable ambitious companies to pursue game-changing opportunities.

Adanian Labs is a venture studio based in Nairobi, Kenya. Established in 2020, it focuses on nurturing early-stage startups into scalable, data-driven businesses, primarily in Africa. The company aims to build innovative solutions across various sectors such as healthcare, technology, agriculture, and education.

Norrsken22 is a technology growth investment firm based in Cape Town, founded in 2016, that partners with exceptional entrepreneurs to build Africa's next tech giants. It pursues growth and expansion investments across Africa, with a focus on medtech, edtech and fintech, and broader technology-enabled sectors such as information technology, business products and services, and health tech. The firm targets opportunities across key African hubs including Nigeria, Kenya, South Africa and Ghana, supporting portfolio companies through scalable expansion and strategic growth.

Seedstars is a Geneva-based venture capital and accelerator firm focused on emerging and frontier markets. It funds and accelerates high-growth technology ventures at the pre-seed and seed stages and operates programs to support entrepreneurship across regions including Latin America, Africa, the Middle East, Europe, and Asia. The firm targets sectors such as financial services, healthcare, education, energy, information technology, and other technology-enabled solutions, and it runs initiatives and events to help startups scale, create impact, and access global networks.

Africa Media Ventures Fund is a venture capital firm headquartered in Almere, Netherlands, that invests in media-focused ventures and small to mid-sized African media companies, providing capital and business development support, with investments typically between 20,000 and 200,000. It focuses on sub-Saharan Africa, particularly Kenya and Ghana, and its investors are experienced media entrepreneurs who participate in the management of portfolio companies through visits and board roles.

Swedfund is a government development finance institution based in Stockholm, with an office in Nairobi, established in 1979. It mobilizes capital and expertise for investments in private markets across Africa, Asia, Latin America and Eastern Europe, including direct investments and fund of funds activities. It finances a range of instruments, from equity to loans and other debt-like structures, and supports knowledge transfer and equipment upgrades, including depreciation loans to Swedish small and medium-sized enterprises. It pursues minority investments, typically in the range of 5 to 100 million SEK, with board seats and participation in investment committees, and aims for exits in five to ten years. It operates as a bilateral development financier within the European Development Finance Institutions network.

Pymwymic is a co-owned community of European wealth holders focused on impact investing that prioritizes people and the planet. Founded in 1994, it comprises more than 150 individuals, including families, entrepreneurs and angel investors from diverse backgrounds. The organization directs capital toward ventures that conserve and restore ecosystems, with an emphasis on sustainable food systems, and operates through the Pymwymic Healthy Ecosystems Impact Fund. The community combines knowledge, passion and resources to advance higher standards in impact investing and to promote investing with care for people and the planet as a norm.

Incofin Investment Management is an impact investment manager focused on financial inclusion in developing countries. The firm manages funds that invest in microfinance institutions and aims to reach rural populations and smallholder farmers by providing access to credit, savings and insurance through MFIs and related financial services. It also invests in rural and agricultural SMEs, cooperatives and intermediaries servicing the agricultural value chain, using debt, guarantees and equity to support growth. Headquartered in Antwerp, Belgium, with offices in Bogota, Chennai, Nairobi, Luxembourg and Phnom Penh, it seeks to deploy capital in regions including Sub-Saharan Africa, Latin America, Asia and Eastern Europe, prioritizing rural and underserved markets. The firm partners with MFIs and other funds, sometimes taking board seats, to promote financial inclusion while maintaining a focus on sustainable development.

Goodwater Capital is a California-based venture capital firm founded in 2014 and headquartered in Burlingame. It focuses on early-stage investments in consumer technology and related sectors, including housing, financial services, software, healthcare, education, and entertainment. The firm seeks to empower exceptional entrepreneurs solving pressing problems and believes consumer technology can reshape culture and the global economy. By backing founders who create products and platforms that consumers love, Goodwater aims to drive significant, scalable impact and improve billions of lives.

Investisseurs & Partenaires is an impact investment firm focused on African small and medium enterprises. Founded in 2002, it provides capital, technical and strategic support to portfolio companies to foster growth, job creation, and local value, while pursuing social, environmental and governance impact. The organization supports a network of pan-African funds and sponsors several Africa-facing impact funds, including initiatives in electricity access, with a team of about 30–40 professionals based in Europe and Africa. The firm emphasizes long-term partnerships and hands-on assistance to help entrepreneurs strengthen strategy, governance and operations across sectors such as health, transport and microfinance.

Ingressive Capital is a Lagos-based venture capital firm that focuses on early-stage technology companies across Africa. It pursues pre-seed to seed investments in fintech, SaaS and cloud, internet, health tech, and agritech, with a pan-African footprint including investments in Egypt, Ghana, Kenya, Morocco, and Nigeria. The firm backs indigenous founders and aims to be a strategic partner on founders' cap tables, supporting growth through transformational tech-enabled solutions and contributing to Africa's value-chain development and GDP growth. By prioritizing B2C solutions for Africa's youth and B2B platforms that enhance value-chain ownership, Ingressive Capital seeks to accelerate entrepreneurial success across the continent.

Founded in 2020, Five35 Ventures is a South Africa-based venture capital firm dedicated to investing in early-stage African technology startups with a focus on female-led businesses.

Revolution is a Washington, D.C.-based investment firm founded in 2005 by Steve Case. It partners with entrepreneurs to build technology-enabled businesses, investing across stages from early-stage to growth, with a focus on innovating traditional industries. The firm operates a family of funds, including Revolution Ventures and Revolution Growth, and emphasizes geographic diversification via initiatives such as Rise of the Rest Seed Funds to support startups in high-potential regions. Its teams pursue opportunities in consumer internet, media and entertainment, software and services, healthcare IT, financial services, energy, and other technology-enabled sectors across the United States. The firm frequently leads early rounds and may take board seats to help portfolio companies scale.

KawiSafi Ventures is a venture capital firm.

Terragon is a data and marketing technology company focused on Africa, using data and analytics to help brands, marketing agencies and platforms reach customers at scale. It aggregates online and offline data and uses predictive scoring to enable cross-channel targeting across devices. The company develops enterprise marketing software to gather, aggregate, and monetize first-party data for customer acquisition and sales management, helping advertisers target prospects, measure campaign effectiveness, understand consumers, and engage in privacy-compliant digital marketing without relying on third-party cookies. It is headquartered in Lagos, Nigeria, with a presence in Kenya, South Africa, Ghana and India.

Capria Ventures is a global venture capital firm focused on the Global South, investing in technology-enabled sectors and building a collaborative founder-to-funder network. It connects hundreds of founders with leading local VC ecosystems across major hubs such as São Paulo, Lagos, Bangalore, and Buenos Aires, while applying ESG best practices to manage its portfolio. The firm backs early- to growth-stage companies in areas including B2B services, logistics, healthcare, information technology, agriculture and food tech, mobility, AI and climate tech, fintech, and education. Capria manages assets exceeding USD 188 million and maintains offices in Seattle, Bangalore, Buenos Aires, Nairobi, and Washington DC. By combining venture capital rigor with global know-how, Capria aims to accelerate growth in fast-growing economies and expand access to capital for founders in the Global South.

TOTAL Impact Capital is a global impact investment firm headquartered in Bethesda, Maryland, with offices in New York, San Francisco, Geneva, Monaco and Nairobi. It provides capital and advisory services to enterprises, governments and nonprofits to address social and environmental challenges, using market-based approaches that aim for measurable financial returns alongside positive social impact. The firm invests across sectors such as healthcare, environment, education, sustainable agriculture, financial services, clean water and other cleantech and sustainability themes, and it supports expansion and growth through debt, equity and hybrid instruments, typically in the range of three to thirty million dollars. The firm operates worldwide with particular emphasis on Africa and the United States and leverages its network to source scalable ventures that address basic human needs and broader development goals.