10 African VC firms you should know in 2026

Funding drives business growth. Venture capital firms provide capital and other support.

In 2025, African startups raised about $3.9 billion across 506 deals. Funding remained concentrated in fintech and in four markets: South Africa, Nigeria, Kenya, and Egypt. Deeptech followed at a distance.

Condia’s funding database shows that Nigeria and Egypt dominated funding rounds in early 2026. Later-stage investing increased, and debt is becoming a mainstream funding instrument.

If you’re researching venture funding in Africa, here are some VC firms to know.

1. TLcom Capital
TLcom Capital invests from seed to Series B and manages over $350 million in assets. It focuses on Nigeria, Kenya, Francophone West Africa, and Egypt. It has offices in Lagos, Nairobi, and London. Key figures include Senior Partner Omobola Johnson and Partner Andreata Muforo.

The firm is deploying its $154 million TIDE Africa Fund II and a $5 million pre-seed fund, TIDE Africa Pre-Seed Investments(TAPSI). It has backed over 50 companies across fintech, logistics, and consumer tech. Portfolio companies include Andela, uLesson, Twiga Foods, Autochek, Ilara Health, and Pula. It also participated in Flextock’s round. Its average ticket size is $1 million and above.

2. Partech Africa
Partech Africa focuses on Series A and B rounds. It operates from Dakar with a $300 million fund. The firm backs startups with regional or pan-African potential, especially in fintech, cleantech, and AI.

Its portfolio includes TradeDepot, Wave, and Yoco. It invests in companies with traction and scalability. Its average ticket size is $1 million and above.

3. Norrsken22
Norrsken22 is an early- and growth-stage investor with a $205 million fund backed by European founders. It focuses on fintech, education, and health in markets such as Nigeria, Kenya, South Africa, and Rwanda.

Portfolio companies include Nala, Stitch, and Smile Identity. It supports companies expanding beyond Africa, including Raenest. The firm connects founders to a network of over 30 unicorn builders. Its average ticket size is $1 million and above.

4. Ventures Platform
Ventures Platform is based in Abuja and invests early in mission-driven founders. It focuses on infrastructure gaps and access to services.

It has supported over 75 portfolio companies across six countries and attracted over $1 billion in follow-on capital. Its portfolio includes Moniepoint, PiggyVest, and Rise.

5. Accion Venture Lab
Accion Venture Lab is an early-stage investor with a $61.6 million second fund. It provides seed to Series A funding to fintech startups serving underserved communities.

The firm has invested in more than 65 startups across 30 countries. African portfolio companies include Field Intelligence, Kuunda, Lula, PaidHR, and Flowcart.

6. Launch Africa Ventures
Launch Africa Ventures is an early-stage fund investing at seed and pre-Series A. Since 2020, it has raised over $36 million and invested $31 million in 133 startups across 22 countries.

Its portfolio includes Kuda, Peach Payments, and Affinity. It is raising a second fund and exploring a third fund with a “mezzanine structure” (a hybrid of debt and equity) structure.

7. LoftyInc Capital
LoftyInc Capital invests in early-stage African tech startups. It has backed over 150 companies, including Andela, Flutterwave, and Reliance Health.

Founded in 2017 and headquartered in Ikeja, Lagos, the firm focuses on fintech, logistics, and e-commerce.

8. Resilience17 (R17)
Resilience17 was launched in 2025. Through its Go Time AI accelerator, it provides up to $200,000 in funding, cloud credits, and technical support to AI startups.

Its portfolio includes Vesti, Klasha, LemFi, Bamboo, and Mercurie. The firm also runs a venture studio and was founded by Flutterwave CEO Olugbenga “GB” Agboola.

9. Renew Capital
Renew Capital is an early-stage firm headquartered in Kenya. It invests between $50,000 and $300,000 from seed to Series A, with follow-on options.

It has backed over 50 companies, including Roam Electric, Teraki, Sevi, and Bareconnect. The firm recently opened a regional office in Morocco in partnership with Technopark Casablanca.

10. Aruwa Capital Management
Aruwa Capital Management focuses on gender-lens investing in the small to lower mid-market segment. It invests in companies with at least $500,000 in turnover that are founded by women or serve women.

Portfolio companies include Wemy Industries and AgroEknor. The firm recorded growth in assets under management in 2025 and continues to back businesses scaling in Nigeria.