The Luxembourg-based firm targets startups in four sectors – financial inclusion, access to clean energy, access to healthcare and agribusiness.Īfrican startups in the investment platform founded in 2007 by Jean-Philippe de Schrevel include Lidya, Accion Microfinance bank, Kopo Kopo and Pan-African Savings & Loans. Bamboo Capital Partnersīamboo Capital Partners is an impact investing platform which focuses on startups in emerging markets that are serving the needs of low and middle-income populations, thus catalysing lasting impact.
#Venture capital firms san francisco series#
Polychain Capital participated in the Series B $40M funding round of Pan-African Crypto Exchange, Yellow Card. The American investment firm based in San Francisco, California was founded by Olaf Carlson-Wee in 2016. Polychain is an investment firm committed to investing in blockchain technologies and the new digital asset classes. Notable among them are Cowrywise, Sokowatch, Capiter, Wasoko and Luleland. The DC-based firm, which has a total fund size of $203 million, has African startups in its portfolio. Ganesh Rengaswamy, Jonathan Whittle, Miguel Herrera, and Monica Brand Engel founded the investment firm in 2015. Quona Capital invests in fintech innovators who are advancing inclusion in emerging markets. The African startup in its portfolio is uLesson. Owl Ventures was founded by Tory Peterson. The Silicon Valley-based firm invest in companies at all stages from seed, early, growth, and later stages and across all geographies around the world.
Owl Venturesįounded in 2014, Owl Ventures is a venture capital firm focused on the education technology market with over $2 billion in assets under management. Flourish is currently running an Africa-focused pre-seed investment program. Some African startups in the investment company’s portfolio include FairMoney, Flutterwave, Paga, and Lidya. The investment firm targets startups whose solution is built around consumer and SME lending, Data & Analytics, Debt Management/Personal Finance, Challenger banks, Digitising Money, Regtech and Infrastructure, Insurtech and Ecosystem building.įlourish Ventures was founded and funded by Pierre Omidyar, the founder of eBay in 2019. Flourish Venturesįlourish Ventures invests in entrepreneurs whose innovations help people achieve financial health and prosperity. African startups in YC’s portfolio are Paystack, 54Gene, Aella, Anchor, Bamboo, and Chowdeck. However, YC Continuity is the investment fund of the company dedicated to helping founders (both YC alumni and occasionally non-YC companies) scale their companies in subsequent funding rounds. Startups that get admitted into the accelerator program receive an investment of $500,000 on standard terms. The Silicon Valley-based company has invested in more than 95 African startups since 2015 when it invested in its first African startup. Y Combinator is an American technology startup accelerator launched in March 2005. Some African startups in its portfolio include Flutterwave, IRokotv, Float, Cassava, Thndr, Wasoko, Union54 and Jabu. Tiger Global was founded in 2011 by Chase Coleman III. The New York-based investment firm invests in high-quality companies that benefit from high growth trends and is led by excellent management teams. Tiger Global is an investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries. Meet the notable Global VC firms investing in Africa Tiger Global The venture capital firms are Tiger Global, Y Combinator, Flourish Ventures, Owl Ventures, Quona Capital, Polychain Capital, Bamboo Capital Partners, Century Oak Capital, Lightrock, Accenture Ventures and Target Global. Some of these venture capital firms are sector focused, while others are not. Here are 11 global venture capital firms that are investing in African startups. And it’s not slowing down soon as more foreign investors consider the continent the next hot spot for technology advancement.Īccording to Techpoint's Nigerian Startup Funding Report, foreign investments in Nigerian startups were $156,502,623, $357822,450, $85840526 and $935,400,000 in 2018, 2019, 20 respectively. To harness the tremendous opportunities of the world's fastest-growing population, there need to be an intersection of technology, talent and capital.įoreign investments have played a huge part in the funding African startups have raised since 2015. In 2021 for the disclosed deals, African startups raised more than $4 billion in funding, which was significantly higher than the amount raised in 2020 ($1.3 billion).īut it's still day one for the continent. Rather than wait, African entrepreneurs are using technology to digitise traditional industries in Africa. African startups have attracted an impressive amount of funding in the last few years.
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