In Summary
- The total capital raised in the African venture capital market will reach $3.99 billion by the end of 2025.
- While the number of venture capital deals decreased, the capital share for West Africa was the highest of any region in Q1 2025.
- Southern Africa led regional activity with 37% of transactions, followed by East Africa (34%), West Africa (31%), and North Africa (27%).
Deep Dive!!
Within the last decade, Africa has emerged as a dynamic frontier for innovation, entrepreneurship, and digital transformation. With a growing population, increasing mobile penetration, and an expanding pool of young, tech-savvy talent, the continent presents an attractive destination for venture capital investment.
According to reports, the African Venture Capital market will raise a total of $3.99 billion by the end of 2025. To achieve this, venture capital firms are playing a crucial role in funding startups that are solving real-world challenges—from financial inclusion and clean energy to healthcare and logistics.
Here are the Top 10 Venture Capital Firms in Africa in 2025, showcasing the firms that are not only deploying significant capital but also actively shaping the continent’s entrepreneurial ecosystem. Despite a global downturn in tech funding, these venture capital firms are actively investing in African startups, fueling growth across various sectors.
10. EchoVC Partners
EchoVC Partners is a Nigerian venture capital firm that focuses on technology startups in FinTech, HealthTech, and EdTech. They are a seed and early-stage venture capital firm investing in underrepresented founders and underserved markets, with significant investments in Hotels.ng and Lifebank.
9. Capria Ventures
Capria Ventures is a pan-African impact-driven firm investing as much as $3 million in growth-stage startups across emerging markets, with a focus on Nigeria, Kenya, and Egypt. Their focus is Series A investments in FinTech, AgTech, HR Tech, EdTech, HealthTech, and B2B SaaS. Capria is the venture capital firm behind Kwara and Sokowatch.
8. Aruwa Capital Management
Aruwa Capital is a female-founded firm that emphasizes investments in companies providing essential services to the female economy or led by women, primarily targeting Nigeria and West Africa. Their focus is investing in essential goods and services sectors, and have invested in Wemy Industries, Agroeknor.
7. 54 Collective
Despite winding down its venture studio operations, 54 Collective’s $40 million fund remains active, continuing to invest in early-stage African startups. Their focus is pre-seed and seed-stage investments across various sectors. They are the venture capitalists behind Carbin Africa.
6. Catalyst Fund
Backed by institutions like JPMorgan Chase & Co. and the Mastercard Foundation, Catalyst Fund provides grants ranging from $2,500 to $15,000 to startups enhancing resilience in underserved communities. Their focus is on pre-seed investments in climate resilience, digital commerce, and inclusive FinTech. They are the investors behind notable brands like Turaco, Jetstream, Lami, Wasoko, and Indicina.
5. Norrsken22
With a $205 million fund, Norrsken22 is a pan-African venture capitalist firm that supports scalable tech solutions, aiming to drive economic growth and job creation across Africa. The firm focuses on growth-stage tech companies and has invested in Flutterwave and MFS Africa.
4. Partech Africa
Partech Africa is a pan-African venture capitalist firm that manages a $300 million fund, making it one of the continent’s largest VC firms, with significant investments in African tech companies. Their focus is on technology startups across various sectors. They have notable investments in Yoco and TradeDepot.
3. Launch Africa Ventures
Operating as a pan-African venture capitalist fund, Launch Africa addresses the funding gap by investing between $200,000 and $300,000 in startups tackling daily challenges across the continent. Their focus is on tech-enabled startups in FinTech, EdTech, B2B, and B2C sectors. They have notable investments in Balad, Workpay, Gameball, Chekkit, and Credable.
2. TLcom Capital
With a recent $154 million fundraise, TLcom Capital is one of Africa’s largest tech investors, supporting early-stage companies with investments up to $3 million each. Their core focus is on technology startups across Nigeria, Kenya, South Africa, and Egypt. They have significant investments in Kobo360 and Andela.
1. Ventures Platform
Ventures Platform is a Nigerian venture capitalist firm founded by Kola Aina. The firm has evolved from issuing $50,000 cheques to managing a $40 million pan-African fund, enabling investments exceeding $1 million in pre-seed and seed startups. They focus on early-stage investments in HealthTech, FinTech, EdTech, AgriTech, and SaaS. Ventures Platform is the name behind notable brands like Piggyvest, Paystack, Bitnob, Brass, and Bloc.
https://www.africanexponent.com/top-10-venture-capital-firms-in-africa-2025/
