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.

Athena Capital is a Cape Town–based venture capital and private equity firm, with offices in Johannesburg and London. Founded in 2003, it pursues investments across the capital spectrum, from early stage to growth and acquisitions, including platform-builds in Sub-Saharan Africa and Europe. The firm targets sectors such as energy and resources, financial services, agribusiness, manufacturing, consumer goods, and business services, with emphasis on opportunities that can benefit from government and development finance support. It typically seeks board seats in portfolio companies and conducts balance sheet investments suitable for equity or debt financing. The firm also operates an advisory arm that provides private equity, mezzanine debt, and debt and equity raise services, including advisory for residential property projects. Overall, Athena Capital blends active value creation with cross-regional opportunities in Sub-Saharan Africa and Europe.

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.

Seedstars Africa Ventures is an early-stage venture capital firm based in South Africa that invests in high-growth companies across Sub-Saharan Africa. Founded in 2020, it concentrates on supporting startups at the early stage throughout the region.

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.

TLcom Capital is an Africa-focused technology investment firm with offices in Lagos, Nairobi and London. Founded in 1999, it makes venture capital and growth investments in technology companies across Europe, Israel, the United States and Sub-Saharan Africa, with Africa as a primary focus. The firm has managed commitments of around 300 million USD and targets themes including data services, financial services, e-commerce, consumer applications, and software solutions for corporates and SMEs, supporting entrepreneurs with disruptive technologies and deep market knowledge.

Quona Capital is a venture capital firm focused on financial technology companies that promote financial inclusion in emerging markets. Founded in 2014, it backs startups developing innovative financial products and services beyond microcredit, including alternative lending, remittances, insurance, prepaid services, payments, and related software that expands access to banking and payments in Sub-Saharan Africa, Asia (notably India and Southeast Asia), and Latin America. The firm invests across stages from seed to growth, typically in the range of one to ten million dollars, and supports ventures creating digital lending, SME lending, wealthtech, and adjacent sectors such as agriculture, health, education, commerce, and mobility finance. Quona maintains headquarters in Washington, DC, with additional offices in Bengaluru, Lima, Cape Town, and Mexico City, and it aims to scale inclusive financial services by leveraging technology to improve quality, access, and affordability for underserved consumers and businesses.

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.

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.

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.

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.

Savannah Fund is a seed-stage technology venture capital firm based in Ebene, Mauritius, investing in early-stage startups across sub-Saharan Africa, with a focus on agtech, content, e-commerce, edtech, enterprise, fintech, healthcare and logistics. It typically backs seed rounds from about 25,000 to 500,000 USD and extends support through an accelerator program and a follow-on independent seed fund, leveraging local and international networks to help portfolio companies grow toward regional or global scale.

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.

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.

Founded in London in 2009, TLG Capital is a private investment firm focused on empowering entrepreneurs in frontier markets, particularly Sub-Saharan Africa. The company invests in sectors such as healthcare, finance, consumer goods, and real estate, aiming to create significant social, environmental, and developmental impact.

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.

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.

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.

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.

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.

Sunny Side Venture Partners is a venture capital firm based in Tokyo, Japan, established in 2022. The firm primarily focuses on early-stage startups located in North Africa, with the potential to extend its investments to the Middle East and Sub-Saharan Africa. By targeting these emerging markets, Sunny Side Venture Partners aims to support innovative businesses and drive economic growth in the region.

Berkeley Energy is an infrastructure firm that focuses on renewable energy projects in developing markets. It brings together engineering, construction and investment expertise to develop and deliver renewable power assets. The company acts as an investor, developer and sponsor, providing engineering, management and financial support to partner companies to advance projects from conception to operation. Its work spans Asia Pacific and Sub-Saharan Africa, targeting opportunities across the lifecycle of renewable power projects.

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.

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.

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.

Knife Capital is an independent growth equity investment firm founded in 2010 and based in Cape Town, South Africa, with an office in London. It accelerates the international expansion of African innovation-driven businesses that have achieved product-market fit by leveraging knowledge, networks, and capital. The firm targets investments across software, fintech, health tech, healthcare, financial services, commercial services, and information technology, aiming for approximately 10 to 12 investments. Knife Capital partners with funding networks and family offices to support portfolio companies. It has facilitated exits of local technology businesses to global buyers such as General Electric, Visa, Garmin, and Uber.

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.

Goodwell Investments is an Amsterdam-headquartered impact investment firm that provides early through growth-stage equity and hands-on support to inclusive businesses serving the majority world. The firm targets financially sustainable, scalable ventures in Africa and India, with emphasis on sectors such as financial services, agriculture, mobility and transport, education, health, and basic services. It pursues minority stakes and partners with entrepreneurs to expand access, inclusion, and livelihoods in underserved communities while seeking solid financial returns. Goodwell operates from Amsterdam with additional offices in Cape Town and Nairobi, reflecting its regional focus on Sub-Saharan Africa and India. By combining capital with strategic guidance, it supports portfolio companies to scale and improve access to essential goods and services across emerging markets.

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.

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.

Crossfin Technology is a private equity investment firm based in Cape Town, South Africa, specializing in growth and expansion investments in information technology and financial services, with a strong focus on fintech solutions. The firm backs high-growth and cash-generative companies to enable scalable growth across Africa and beyond, offering blended exposure to technology investments in the financial sector. Through its portfolio approach, Crossfin Technology seeks opportunities at the intersection of technology and finance, leveraging its regional footprint to support expansion and long-term value creation for investee companies.

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.

University Technology Fund is a venture capital firm based in Stellenbosch, South Africa, established in 2020. It provides early-stage funding for startups associated with South African universities, covering pre-seed, seed, and Series A rounds, with a focus on commercializing technology, intellectual property, and research developed at those institutions.

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.

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.

Established in 2011, Caleo is a Johannesburg-based investment management firm that focuses on fostering relationships. It invests primarily in start-ups and operating companies across various sectors such as real estate, financial services, hospitality, manufacturing, education, logistics, and energy, with a primary focus on South Africa.

REdimension Capital is a Johannesburg-based venture capital firm established in 2021 that targets investments in the built environment, with a focus on clean technology and real estate technology (PropTech). The company pursues an advisory-led approach to support innovation and sustainability within South Africa's real estate sector, aiming to reshape the future of the built environment and accelerate the adoption of sustainable solutions. It operates as a licensed financial services provider under regulatory standards, emphasizing professional conduct and compliance as it develops an ecosystem that fosters PropTech and sustainability initiatives.

Kalon Venture Partners is a Johannesburg-based venture capital firm established in 2016 that backs high-growth technology companies. The firm prefers to invest across technology-enabled sectors including information technology, banking, insurance, retail, media, and entertainment, seeking innovative business models with scalable potential and early access to growing markets.

Jozi Angels is an angel network located in Johannesburg, South Africa, dedicated to enhancing the startup ecosystem and fostering the growth of innovative startups. The organization connects approved investors with early-stage companies, providing both capital and mentorship tailored to the investors' professional backgrounds. By aggregating resources and expertise, Jozi Angels enables larger investments and diversifies risk while facilitating effective deal sourcing and screening. The network also emphasizes the importance of community among its members, encouraging camaraderie and shared goals. Through their initiatives, including investments, events, and educational opportunities, Jozi Angels actively contributes to the development of South Africa's emerging innovation economy.

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.

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.

UNICORN MAKING is an accelerator and venture capital firm that focuses on startups and early‑stage companies in technology and technology‑enabled sectors across Africa. It offers education, training, mentorship, infrastructure and long‑term capital, and connects portfolio companies with co‑investors after commercialization. The firm is headquartered in Nigeria and has offices in South Africa, Kenya, Mexico and the United States.

Reflect Ventures is a Boston-based venture capital firm founded in 2021 that backs early-stage companies. It focuses on logistics, supply chain distribution, transportation, and fintech rails, and targets seed and Series A/B+ rounds. With a global outlook, Reflect Ventures seeks opportunities across mature and emerging markets, supporting founders to scale innovative solutions in critical infrastructure and related financial technologies.

EchoVC Partners is a Lagos, Nigeria–headquartered venture capital firm that concentrates on seed and early-stage technology investments. The firm pursues opportunities across North America, Africa and Southeast Asia, including underserved markets in Africa and Southeast Asia. It backs ideas in internet platforms and services, consumer internet (social, mobile, commerce, local, media and entertainment), smart data (machine learning, computer vision, predictive analytics, search and discovery), semantic technology and ambient sensing, as well as enterprise software, cloud infrastructure and decision support. Sectors of interest include e-commerce, digital media, content, advertising, software, fintech, health tech, energy, sustainable mobility, and connectivity, with a preference for women entrepreneurs and underserved geographies. Investment sizes vary widely, from tens of thousands to several million dollars, depending on stage and needs. EchoVC Partners focuses on cross-border tech opportunities and aims to support growth through resources and networks in its target regions.

Capaci.Tech is a Johannesburg-based venture capital firm and venture builder focused on Pan-African technology-enabled startups. It provides advisory and capacity-building in technology, marketing, and human resources to help startups scale, and makes investments in parallel with partner collaborations to turn ideas into viable businesses. The team comprises seasoned investors, experienced entrepreneurs, and professional advisers, and it follows a disciplined approach in which capital is deployed only when the required capabilities can be viably deployed. The firm supports startups across Africa, with notable investments such as GotBot.co.za.

Future Africa is a Lagos, Nigeria-based venture capital firm and collective of mission-driven founders and funders dedicated to supporting Africa’s startups. The organization invests across a broad range of sectors including technology, software, data and artificial intelligence, agriculture and environment, e-commerce and consumer goods, education, finance and blockchain, health and wellness, mobility and logistics, media and entertainment, real estate, food and hospitality, and infrastructure. It seeks to build unicorns and advance purpose-driven prosperity across the continent, aiming to solve Africa’s biggest challenges by backing innovative ventures with strong growth potential. Through its network and capital, Future Africa supports entrepreneurs at various stages, fostering scalable businesses that can contribute to economic development and job creation.

Savant Technology Incubator is a venture capital and incubator firm based in Cape Town, South Africa, founded in 2005. The firm focuses on the hardware technology sector, providing tailored business development support to early-stage companies. Savant collaborates with skilled science and technology inventors, assisting them in their startup growth journey. Through its investments and resources, Savant aims to foster innovation and entrepreneurship within the region's technology landscape.

SA SME Fund is a South Africa–based venture capital and private equity firm operating as a fund of funds. Established in 2016 as part of the CEO Initiative, it channels capital into venture capital funds, growth funds, and social‑impact funds to support small and medium enterprises. The firm typically targets high‑growth SMEs with turnover between R20 million and R500 million and enterprise value under R100 million, and it allocates roughly one‑third of its capital to early‑stage, one‑third to growth, and one‑third to social‑impact investments. It also emphasizes ownership diversity, aiming for about 50% of capital in black‑owned companies, with a further 25% dedicated to Indian and coloured owned businesses, and the remaining 25% at the discretion of the fund manager. Based in Sandton, the firm is governed by a board of directors and seeks to bolster South Africa’s economy and job creation through SME development.

Orbit Ventures is an emerging markets venture capital firm that invests in technology companies aiming to digitize traditional industries and improve living standards in a sustainable way. The firm supports portfolio companies through a comprehensive, long-term program that includes partnerships, business development, fundraising and growth assistance, along with initial investment and subsequent follow-on funding. Its investment focus spans digitalization across e-commerce, fintech, media, healthcare, education, and logistics.