Inspired Evolution Investment Management is a Cape Town-based private equity and venture capital firm focused on sustainable environmental and energy technologies in Sub-Saharan Africa. Founded in 2007, the firm targets growth-oriented investments across clean energy infrastructure, energy access, water purification, waste management, and resource efficiency, including renewable generation and efficiency technologies. It pursues equity investments at early to mature stages, often as lead investor, and seeks significant minority or majority stakes with board representation. The firm also provides advisory services to portfolio companies. It operates with additional offices in Grand Baie, Mauritius; Abidjan, Ivory Coast; Nairobi, Kenya; and London, United Kingdom, enabling pan-African deal sourcing and support for projects across Southern Africa and beyond.

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.

Silvertree Internet Holdings is a South Africa-based holding and operating company that conceives, launches, operates, and invests in early- and mid-stage businesses targeting South Africa and Sub-Saharan Africa. It relies on technology to reach African consumers, focusing on simple or proven business models with clear revenue streams that leverage mobile and Internet opportunities in growing markets. The company structures its operating brands into verticals and pursues large, growing but inefficient sectors, using technology to leapfrog traditional channels. It emphasizes capital efficiency and operational discipline, grows its brands through rapid expansion while developing new ventures and acquiring existing ones. Through operational synergies and sharing best practices, Silvertree Internet Holdings aims to enhance performance across its portfolio.

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.

Seedstars Africa Ventures is a venture capital firm based in South Africa, founded in 2020, that provides early-stage capital to high-growth companies across Sub-Saharan Africa.

Equator is a venture capital investment firm based in Nairobi, Kenya, founded in 2023. It funds technology-enabled, early-stage ventures in energy, agriculture and mobility that accelerate a climate-positive transition in Sub-Saharan Africa and support inclusive economic growth. The team comprises technologists, operators and investors with extensive experience investing in and scaling early-stage ventures across climate-positive sectors in the region.

Crossfin Technology is a growth and expansion investment firm based in Cape Town, South Africa, focusing on fintech and related information technology and financial services sectors. The company seeks to invest in high-growth and established cash-generative businesses, offering investors a blended exposure to technology investments in fintech. It operates primarily in Africa, with offices in Durban and Johannesburg, and targets companies in the information technology and financial services sectors. Through its fintech investments, Crossfin aims to enable growth for economies in Africa and beyond by supporting scalable, cash-generative businesses.

The Raba Partnership is a venture capital firm based in Cape Town, South Africa, focused on African technology companies in logistics, supply chains, and financial services. It partners with founders building technology companies that tackle hard problems in emerging African ecosystems and is backed by a select group of venture capitalists, technology entrepreneurs, and families with global business experience.

Athena Capital is a Cape Town, South Africa based private equity investment firm focused on Sub-Saharan Africa with activity in Europe. It targets growth and middle-market opportunities, including buyouts and platform investments, across sectors such as energy and resources, financial services, agribusiness, manufacturing, FMCG, and inclusive tech-enabled financial services. The firm seeks to build platform companies and often takes board seats in portfolio businesses. It provides flexible investment strategies, including equity and debt, and maintains an advisory arm that offers mezzanine debt, trade finance, and capital-raising services for clients. The firm has a history dating to 2003 and emphasizes cross-border operations and development-finance-aligned opportunities.

GreenHouse Capital is the corporate venture capital arm of Venture Garden Group, based in Ikeja, Nigeria. It targets investments in fintech and big data startups in sub-Saharan Africa as well as foreign startups seeking the African market.

Savannah Fund is a venture capital firm based in Ebene, Mauritius, founded in 2012 that provides seed-stage capital to technology startups across sub-Saharan Africa. It targets early-stage, high-growth technology companies in sectors such as agtech, content, e-commerce, edtech, enterprise, fintech, healthcare and logistics, typically investing tens of thousands to hundreds of thousands of dollars. The firm supports startups through an accelerator program and an extensive mentor network drawn from regional and international partners, including Silicon Valley, with ambitions to bridge the early-stage funding gap between angel investors and venture capital. Savannah Fund also operates Savannah Accelerator, a Nairobi-based program that funds and mentors several early-stage companies over a three-month cycle, offering equity stake and potential co-investment opportunities. The organization emphasizes creating sustainable, profitable companies that generate jobs and drive technology innovation in Africa.

TLcom Capital is a technology-focused venture capital firm with offices in Lagos, Nairobi and London. Founded in 1999, it invests in early to growth-stage technology companies across Europe, the United States, Israel and Sub-Saharan Africa, with Africa as a prime market. The firm manages substantial commitments through dedicated investment vehicles and targets sectors including data services, financial services, e-commerce, consumer applications such as health, education, energy, media and entertainment, and software for corporates and SMEs. TLcom seeks world-class entrepreneurs and management teams with disruptive technologies, strong intellectual property and deep market knowledge, aiming to back and assist portfolio companies as they scale.

Quona Capital is a venture capital firm that invests in financial technology and services companies in emerging markets to advance financial inclusion. It targets Africa, Latin America, and Asia with a focus on digital and consumer lending, payments, remittances, insurance, wealthtech, and related financial services, including platforms and channels that broaden access for underserved consumers and small businesses. The firm backs startups across stages from early and seed to growth via equity or equity-like investments, typically in the range of $1 million to $10 million. Founded in 2014 and headquartered in Washington, DC, Quona maintains offices in Bengaluru, Lima, Cape Town, and Mexico City, concentrating on Sub-Saharan Africa, India and Southeast Asia, and Latin America.

Lateral Frontiers is a New York-based venture capital firm focused on sub-Saharan Africa. It invests in early and growth-stage technology-enabled companies, providing debt and equity financing to support businesses that address key African needs. The firm backs sectors such as financial services, healthcare, education, energy, agriculture, housing, logistics, and mobility, aiming to back foundational technologies and scalable solutions that deliver profitable growth across the continent.

Persistent is a venture capital investment firm based in Nairobi, Kenya, that backs early-stage ventures with strong climate impact across Sub-Saharan Africa. The firm focuses on energy access and distributed renewable solutions for underserved markets, including off-grid energy services such as solar, micro-grids and related clean technologies. It provides deep operational and strategic support to exceptional entrepreneurs to accelerate growth while aiming to deliver attractive financial returns and lasting social and environmental impact.

Sunu Capital is a Nairobi-based venture capital firm focusing on early-stage investments in companies across the global south. It seeks to back ventures that aim to create a more prosperous, inclusive, and self-sustaining future, providing tailored capital and leveraging its network to help portfolio companies grow, access follow-on funding, and seize opportunities. The firm emphasizes swift and responsive engagement and commits to long-term partnerships with founders to support growth and scale.

Factor[e] Ventures is an impact investing firm and venture builder that funds early-stage companies developing sustainable solutions in energy, mobility, agriculture, water, and waste. The firm focuses on emerging and frontier markets, particularly Sub-Saharan Africa, with activity in East Africa and India, and operates globally through activities in Fort Collins, Colorado, and Nairobi, Kenya. It seeks to bridge philanthropic and commercial capital to support market-driven, decarbonized development, providing financial backing along with strategic and operational support to entrepreneurs. By investing in disruptive technologies and business models across mobility, energy, agriculture, water, and related sectors, Factor[e] Ventures aims to accelerate scalable solutions in fast-growing markets.

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.

TLG Capital is a private investment firm focused on Sub-Saharan Africa, concentrating on growth and equity opportunities in frontier markets. It makes direct minority and majority equity investments, secondary opportunities, and distressed fund restructurings, sometimes via a permanent capital vehicle. The group targets sectors including healthcare, finance, consumer goods, real estate, agriculture, technology and infrastructure, and typically seeks board representation and minority protections to oversee investments. With a track record across SSA, it collaborates with partners to strengthen operations and ESG practices, aiming to unlock value in small and medium-sized enterprises. Notable investments include a pre-approved pharmaceutical plant in Uganda and healthcare facilities in West Africa, and its deals have received industry awards recognizing frontier-market activity. Founded in 2009, TLG Capital maintains a presence in key African hubs and operates across multiple SSA countries.

VestedWorld is a Chicago-based venture capital firm that invests in high-growth companies across Sub-Saharan Africa, focusing on agribusiness, consumer products and services, and technology-enabled businesses. The firm aims to foster economic development and job creation by partnering with entrepreneurs to remove barriers to capital access and by providing capital, governance involvement, and direct strategic and operational support to help portfolio companies scale and achieve competitive returns for investors.

Incofin Investment Management is an impact investment firm based in Antwerp, Belgium, founded in 2001, focused on financial inclusion for rural and agricultural sectors in developing countries. It invests in microfinance institutions and small- and medium-sized enterprises through debt and equity and guarantees, and may participate in other private equity or microfinance funds, aiming to support intermediaries serving rural poor, smallholder farmers and agricultural value chains. The firm typically seeks minority stakes and may sit on the boards of MFIs, while prioritizing portfolio diversification and impact; its activities span Africa, Asia, Latin America and other regions, with a particular emphasis on Sub-Saharan Africa and developing markets. It maintains offices in Bogota, Chennai, Nairobi, Luxembourg and Phnom Penh to support its global investments.

GAIA Impact Fund is a venture capital firm that specializes in renewable energy and builds long-term partnerships with startups operating in Sub-Saharan Africa and Southeast Asia. It emphasizes environmental and social impact and backs businesses that enable sustainable and affordable energy provision to local communities. In regions with carbon-intensive energy mixes, the firm supports technological innovations and viable business models that enable cost-efficient, large-scale diffusion of renewable energy.

4Di Capital is an independent venture capital firm based in Cape Town, South Africa, specialising in seed and early-stage technology startups. It describes its approach as nurture capital, combining founder-friendly finance with mentoring and access to networks to help young companies reach scale. Drawing on international VC best practices adapted for the local market, the firm emphasizes collaborative partnership with its investments to unlock potential. It targets opportunities in mobile, enterprise software and web sectors, seeking founder teams with strong domain knowledge, clear market insight, and the drive to tackle sizable problems with technology. Through its support, 4Di Capital aims to accelerate growth for ambitious South African technology ventures.

KawiSafi Ventures is a venture capital firm focused on impact investments that accelerate access to clean and affordable energy in sub-Saharan and East Africa. It supports innovative, fast-growing companies in the off-grid energy sector that leverage renewable energy and mobile payment solutions to reach underserved communities. The firm provides patient capital and collaborates with entrepreneurs to spur market growth, develop talent, and attract follow-on investment, with the aim of addressing energy poverty and advancing social and environmental outcomes across the regional energy ecosystem.

Launch Africa Ventures is a Mauritius-based venture capital firm established in 2020 that invests in early-stage African startups, primarily in seed and pre-Series A rounds, across fintech, healthtech, climate tech, agritech, edtech, transportation and mobility, logistics, e-commerce, software as a service, AI, big data and analytics. Based in Ebene, the firm targets companies across Africa, supporting portfolio growth and helping startups access venture capital to solve regional challenges.

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.

European Investment Fund is the EU's financing arm for small and medium-sized enterprises and mid-caps, providing financial instruments to improve access to affordable financing for businesses across their lifecycle, with a focus on innovation, growth, competitiveness, social impact and sustainability. The EIF leverages its capital base to foster public-private partnerships and allocates guarantees and equity funding to catalyze lending and investment for startups and small businesses throughout Europe, including EU member states, candidate countries and EFTA countries. It collaborates with partners to close funding gaps and support entrepreneurship and economic resilience.

Energy Access Ventures serves as an advisor to the Energy Access Venture Fund, an unlisted vehicle focused on improving access to sustainable energy in Sub-Saharan Africa.

Grindstone is a Cape Town-based venture capital firm and accelerator operator that supports early-stage, high-growth startups through investment and structured entrepreneurship development. Founded in 2013, it runs accelerator programs that provide mentoring, networking, funding, and market access, aiming to help startups establish the fundamental building blocks needed to scale quickly, become sustainable, and attract funding.

Nefco is the Nordic Green Bank, an international financial institution owned by the Nordic countries and established in 1990. It finances the initial scale-up of Nordic green solutions in international markets, supporting energy efficiency, renewable energy, clean water and sanitation, waste management, and cleaner industrial processes. Nefco provides loan financing and financial support for small and medium-sized green investments, often partnering with other financial institutions and co-financiers to de-risk projects. It acts as an implementing agency and uses its own capital to advance the green transition, prioritizing impact, transparency, and measurable results while aligning with global environmental objectives. The organization supports SME growth and has global reach across regions including Europe, Ukraine, the Baltic region, and Sub-Saharan Africa.

Spice Private Equity AG is a private equity and venture capital firm based in Zug, Switzerland, with additional offices in Hamilton, Bermuda, London, Singapore, and the United States. Founded in 1999, the firm focuses on direct investments in privately held companies and the acquisition of shares in publicly listed companies, often in collaboration with other private equity investors. It targets growth-oriented investments across various sectors, including consumer goods, telecommunications, education, financial services, infrastructure, and healthcare. The firm primarily focuses on emerging markets, with significant investments in the Asia Pacific, Sub-Saharan Africa, and Latin America regions. Spice Private Equity typically makes investments ranging from $10 million to $60 million, seeking opportunities that allow for substantial influence over the management of the investees. The firm also engages in fund of funds investments and may invest opportunistically in certain credit products. Operating as a subsidiary of GP Investments, Ltd., Spice Private Equity is managed by GP Advisors and has a proven track record of over a decade in the investment landscape.

TEAMFund is a venture capital firm based in Reston, Virginia, that invests in health technology innovations, including digital health and artificial intelligence, with a focus on expanding access to affordable, appropriate, and sustainable medical technologies in resource-constrained markets. It prioritizes impact in health and concentrates activity in India and Sub-Saharan Africa, aiming to support a portfolio of roughly eight to ten companies over a ten-year horizon.

Encourage Capital is a New York-based asset management firm focused on impact investing and growth equity. Founded in 2014 through the merger of Wolfensohn Fund Management and EKO Asset Management Partners, the firm pursues micro, small and mid-sized opportunities in energy, clean technology and financial services. It emphasizes ESG outcomes across climate finance, environmental markets, sustainable infrastructure, water and sustainable seafood, while supporting financial inclusion and coastal communities. The firm seeks to generate commercial returns and often takes minority stakes, with geographic focus including India, Sub-Saharan Africa and Colorado.

Assiduity Capital is a venture capital firm based in Amsterdam, Netherlands, that invests in healthcare-focused companies. The firm pursues opportunities across Sub-Saharan Africa, supporting healthcare enterprises in the region.

Berkeley Energy is an infrastructure-focused investor, developer and operator of renewable power assets in developing markets. Founded in 2007, the firm provides engineering, project management and financial support to renewable projects and partner companies to deliver profitable clean energy. It positions itself as a bankable sponsor for renewable power initiatives and operates across multiple countries in regions such as Asia Pacific and Sub-Saharan Africa.

E Squared Investments is a venture capital firm based in Bryanston, South Africa, founded in 2007. The firm focuses on funding high growth, values driven businesses that pursue long term sustainability and social responsibility. It provides both financial backing and hands on guidance to help founders scale their ventures while maintaining an ethical foundation. The firm seeks to empower responsible entrepreneurs to become catalysts for economic development and transformation across various sectors.

Uncovered Fund is a venture capital firm founded in 2019 and based in Tokyo, Japan. It targets early-stage startups and makes investments in companies across Africa, focusing on Kenya, Nigeria, and South Africa. The firm backs ventures operating in retail, fintech, health tech, logistics, mobility as a service, agritech, and smart city sectors.

Norrsken22 is a growth equity investment firm based in Cape Town, South Africa, founded in 2016, that partners with entrepreneurs to build technology companies across Africa. It targets investments in medical technology, education technology and fintech sectors and supports growth of companies across the continent.

Enygma Ventures is a Cape Town-based venture capital firm founded in 2019 that focuses on funding women-led businesses in the Southern African Development Community. The firm provides flexible capital and strategic support to early- and growth-stage companies, leveraging a broad network to connect portfolio companies with mentors, expertise, and access to markets in Africa, Europe, and North America. Enygma emphasizes collaborative partnerships and win-win outcomes for investors and entrepreneurs, aiming to accelerate growth while advancing diversity and inclusion. By combining capital with tailored guidance, Enygma helps founders scale across sectors and build sustainable businesses in the SADC region and beyond.

FiTech Ventures is a venture capital firm based in Johannesburg, South Africa, founded in 2018. It concentrates on funding fintech and technology companies and supports entrepreneurs with fundraising and networking guidance to help turn ideas into successful ventures. The firm emphasizes an investment philosophy centered on ethical disruption, financial inclusion, doing well by doing good, and profit with a purpose, seeking to partner with ambitious founders to advance innovative solutions.

Founded in 2000, iKineo is a venture studio based in Cape Town, South Africa. It focuses on technology startups, with a preference for B2B, SaaS, travel tech, digital assets, cryptocurrency, fintech, and digital healthcare sectors.

Founders Factory is a global accelerator and venture studio that builds and funds startups through venture-building support and capital. Founded in 2015 by Brent Hoberman, Henry Lane Fox and George Northcott, the London-based firm focuses on fintech, health, climate and deep tech, partnering with entrepreneurs and corporates to develop ideas and scale ventures. It combines investment with hands-on operational support from a team of specialists and a broad network of corporate partners including Aviva, L’Oréal, Guardian Media Group, easyJet, Reckitt, Marks & Spencer, J&J, Deutsche Telekom, HSBC and Hitachi Construction Machinery. The firm has backed hundreds of technology companies globally and operates across incubation and growth stages, aligning startups with corporate partners to leverage networks, expertise and resources.

Growth Grid Venture Capital Partners is a venture capital firm based in Cape Town, South Africa, that focuses on providing growth capital and post-investment support to small and medium-sized enterprises. The firm offers mentorship, access to commercial networks, market access, and ongoing assistance to its portfolio companies, with the aim of stimulating sustainable and inclusive economic growth in South Africa.

Established in 2020 and headquartered in Cape Town, R-Ventures is a global investment holding company focusing on seed-stage and early growth-stage investments. It specializes in emerging market startups developing high-impact, technology-driven solutions.

Kalon Venture Partners is a Johannesburg-based venture capital firm that concentrates on growth-stage investments in high-growth technology companies across Africa. It targets digital technology ventures in sectors such as banking, insurance, retail, media, and entertainment, and provides equity to established companies to support expansion, entry into new markets, and development of new products. The firm typically takes minority stakes and offers active support through a team of experienced professionals, with a disciplined approach to due diligence and scalable business models. It aims to create value and pursue exits through trade buyers or initial public offerings.

KNF Ventures is the venture capital arm of Knife Capital, based in Cape Town, South Africa, focused on backing early- to growth-stage startups in technology and consumer sectors in South Africa. It pursues investments across software, healthcare, financial services, business products and services, and consumer areas such as beverages, food, Internet of Things and fintech, leveraging Knife Capital's network and experience to support portfolio companies.

Samurai Incubate is a Tokyo-based accelerator and early-stage venture capital firm that funds and guides startups from seed to Series A. It supports ventures across sectors including ICT, software, finance, logistics, healthcare, retail, energy, agriculture, transportation, and entertainment, with a focus on building capabilities in management, marketing, sales, human resources, and finance. The firm provides incubation services and may take advisory roles or external director positions with portfolio companies. It pursues investments in Africa, Israel, and Japan and maintains offices in Japan, Israel, Nigeria, Kenya, South Africa, and Shenzhen, China. Established in 2008, Samurai Incubate aims to help startups realize revenue potential and scale through practical expertise and strategic support.

Metavest Capital is a venture capital firm based in Cape Town, South Africa. It funds technology-driven companies, with a focus on blockchain, metaverse and NFT gaming projects, and it pursues investments across information technology, big data, e-commerce, financial technology, gaming, mobile, software as a service, and augmented reality.

Established in 2021 and headquartered in Cape Town, Seed South Capital is a venture capital firm focused on investing in early-stage technology companies across South Africa. The firm aims to transform these enterprises into Broad-Based Black Economic Empowerment (B-BBEE) compliant businesses, fostering a new generation of youthful entrepreneurs.

The European Bank for Reconstruction and Development provides project financing and banking products to banks, industries and private enterprises, including loans for projects, equity and quasi-equity investments, equity funds for smaller enterprises, guarantees and trade finance. It also offers policy reform dialogue and advisory services and supports loan syndication. The bank assists privatization and restructuring of municipal services and invests across sectors such as energy, infrastructure, manufacturing, finance, telecommunications and real estate in Europe, Central Asia, and the Middle East and North Africa, with a focus on market transition and private sector development. Founded in 1991 and headquartered in London, it seeks to promote sustainable growth, job creation and higher living standards through financial support, advisory services and policy reform.