Midweek Check-In: Top 10 African VCs that are actively funding tech companies (II)
Your tech vision needs 🤑 funding and you can start here
Sawubona, Dear Innovator 💫
While Zulu (language) might not be easy on the tongue, ‘Hello’ is a good place to start from 😉
Now, how are ya?
It’s the 29th of January already. Dare we ask if you’ve done anything major (or minor) this month?
This is a judgement-free zone, as always, so even if all you’ve done this month is change the display picture on your laptop 👀, pls share it. It’s always a delight to hear from you. Fr.
Sooo, what are your January pits (least favourite moments) and peaks (best moments)? 😇
Have you seen this….?
Midweek Check-In: Top 10 African VC firms that are actively funding tech companies
·Dumela, Dear Innovator 🌀
In our last Check-In, we’d done only 5 (read it here). This is part II, as promised:
1) Novastar Ventures
📍 Where: Nairobi, Lagos
💡 Tech focus: Food, healthcare, jobs
💰 Stage: Seed to Series B
🌟 Portfolio: M-KOPA
Why them? They’ll fly experts to your office to help you strategise. Plus, they love backing female founders.
2) Future Africa
📍 Where: Pan-African (based in Nigeria)
💡 Tech focus: Climate tech, healthcare, future of work
💰 Stage: Pre-seed to Series A
🌟 Portfolio: Moove, Sabi, Shuttlers, Shara
Why are they cool? 60% of their tech companies get follow-on funding within 12 months (per their 2023 report).
3) VestedWorld
📍 Where: Kenya, Ghana, South Africa
💡 Tech focus: Climate and agric-tech
💰 Stage: Early-stage (even pre-revenue)
🌟 Portfolio: Solarise Africa
Why? They’ll help you pitch to global investors. If you’re ready to scale beyond Africa, it’s perfect for you.
4) Ventures Platform
📍 Where: Abuja, Lagos (Nigeria-focused but Pan-African)
💡 Tech focus: Early-stage startups solving fintech, logistics and healthcare challenges
💰 Stage: Pre-seed to Series A
🌟 Portfolio: Reliance Health, Vendease
Why choose ‘em? They run a free founder bootcamp with modules on scaling, governance, and investor negotiations.
5) Savannah Fund
📍 Where: Nairobi, Kampala, Cape Town
💡 Focus: Early-stage tech (logistics, SaaS, e-commerce)
💰 Stage: Pre-seed to Seed
🌟 Portfolio: Lori Systems, Zumi
Why are they cool? They are known for hands-on support and have helped startups hire CTOs and negotiate partnerships.
Dear Innovator, if VCs aren’t very high up on the funding options that you’ve considering, no biggies! 👇
NextRaise Is Raising The Bar!
Big shout-out 📢 to an amazing member of the Consonance Community of Innovators, Shola Jegede, for creating NextRaise.
NextRaise is a clever AI tool that helps founders raise funds faster.
How? It’s easy! It uses AI agents to help tech founders to: find the best investors for their tech company, analyse competitors and market trends, write personalised emails to investors and create term sheets.
Check out the live tool here, and the video demo here 😍
Making a difference in the tech world will never lose its appeal!
Tech News For You 🌍:
Stitch has acquired ExiPay to expand into in-person payments
South African company, Naked, has secured $38 million to advance AI-driven Insurance
Opportunities:
Bumpa is hiring (quality assurance engineer). Apply here
Trapezoid is hiring (full stack developer). Send your cv here
Polytope Labs is hiring (front end, software engineer). Application closes in 2 days. Apply here.
On Saturday, we’ll continue our AI series. Lots of African tech innovators are doing the most rn with AI and we have all the deets on ‘em.
Byeee 👋