Top 20 blockchain investors in Africa

The blockchain industry in Africa is exploding with many startups coming up year by year. These startups that impact multiple aspects of the continent are backed by funding series led by a roster of venture capital firms. In 2022, of the $3.14 billion raised in 570 deals, $474 million was for blockchain firms.

According to a report by CV VC, these funds raised for blockchain companies have been by a series of twenty top investors who have closed at least one publicly disclosed financing agreement with an African blockchain company as the recipient of the financing:

4Di Capital

4Di Capital is a venture capital firm established in South Africa that invests in early-stage technology companies. 4Di Capital plays a critical role in helping early stage digital businesses in South Africa and around the world scale their businesses and achieve their growth goals.

It also helps grow the startup ecosystem in South Africa and Africa as a whole. 4Di Capital assists in driving good changes and opening doors for business in the region.

The catalyst fund

The catalyst fund is a global venture capital firm that invests in early-stage businesses to find creative solutions to critical emerging market problems. It has invested in various African firms, including WellaHealth, a Nigerian health-tech startup, Lulalend, a South African financial startup, and Turaco, a Kenyan agritech startup.

The Catalyst Fund has contributed to the expansion of Africa’s startup ecosystem through its investments and aid, and it has also played an important role in increasing financial inclusion in the area. Overall, Catalyst Fund’s investments in African companies have contributed to good transformation and the creation of opportunities for entrepreneurs in the area.

Capital of Chandaria

Capital of Chandaria is a venture capital firm based in Nairobi, Kenya that invests in early-stage entrepreneurs in Africa. It has invested in various African firms, including FarmDrive, a Kenyan fintech startup, Jamii Africa, a Tanzanian health technology startup, and Thrive Agric, a Nigerian agritech startup.

Chandaria Capital has helped the startup ecosystem in East Africa and the entire continent thrive by investing in and supporting firms tackling significant problems in industries such as agriculture, healthcare and finance. In addition, it has helped promote business and innovation in the area.

Resume VC

Resume VC is a venture capital firm headquartered in Switzerland that makes investments in blockchain and cryptocurrency companies worldwide. It has invested in African firms operating in the blockchain and cryptocurrency sectors, including blockchain startup Xend Finance, located in Nigeria.

These investments help companies striving to address important economic and health concerns while promoting innovation and entrepreneurship in the area.

Enduring capital

Enduring capital is a Silicon Valley-based venture capital firm that invests in early-stage companies worldwide, including those in Africa. It has investments in a number of African firms, including South African agritech startup Aerobotics, Kenyan health tech startup Ilara Health and Nigerian financial startup Flutterwave.

Endure Capital has helped the startup ecosystem in Africa, particularly in nations such as Nigeria, Kenya and South Africa, by making investments and providing support. In addition, it has helped promote business and innovation in the area.

Flat6labs

Flat6labs is an Egyptian venture capital firm that invests in early-stage companies in the Middle East and North Africa (MENA), including Egypt, Tunisia and the United Arab Emirates. The business provides finance, coaching and assistance to entrepreneurs with the ability to offer creative solutions to significant regional concerns.

Flat6labs has invested in various African firms, mainly in the financial and e-commerce industries. Flat6labs has made notable investments in Nigeria-based finance company Wallets Africa and Egypt-based e-commerce platform Homzmart.

Founders Factory Africa

Founders Factory Africa is another venture development firm that helps African entrepreneurs grow and scale their businesses. The business offers start-up financing, coaching and assistance in industries such as fintech, health technology and agri-tech. The mission of Founders Factory Africa is to find and nurture innovative entrepreneurs with the ability to implement good changes and create value in the African market.

Founders Factory Africa has made several investments in African firms, including Ukheshe, a fintech startup headquartered in South Africa, and Tambua Health, a healthcare technology business in Kenya.

Golden Palm Investments

Golden Palm Investments is a Ghanaian-based venture capital firm that supports West African entrepreneurs. The business focuses on fintech, e-commerce and healthcare, and it provides finance and assistance to entrepreneurs with the ability to drive innovation and generate value in the region.

Golden Palm Investments has several investments in African firms, including Zeepay, a Ghana-based financial startup, and Jumia, a Nigeria-based e-commerce platform.

Greenhouse capital

Greenhouse capital is proud to be a venture capital firm established in Nigeria that invests in early stage entrepreneurs in Nigeria and beyond Africa. The business targets financial, e-commerce and logistics firms while providing investment and support to companies facing critical difficulties in these industries.

Greenhouse Capital has made several investments in African firms, including Kobo360, a logistics startup located in Nigeria, and Yoco, a financial startup based in South Africa.

Ingressive capital

Another Nigerian-based VC firm is Ingressive capital. Ingressive Capital provides support to early-stage entrepreneurs in Nigeria and beyond Africa. The VC firm invests in, mentors and supports entrepreneurs tackling critical problems in the fintech, edtech and health technology industries.

Ingressive Capital specializes in discovering and nurturing new entrepreneurs with the potential to offer creative solutions to significant African market problems. The company has invested in various African firms, including Nigerian finance startup Paystack and Ghanaian ed-tech startup KudiGo.

Knife capital

Knife capital is a South African venture capital firm that invests in businesses around Africa. Focusing on fintech, enterprise software and cyber security, the business provides funding and support to entrepreneurs with the ability to generate value and drive innovation in these industries.

Quicket, a South African business software startup, and Payitup, a Zimbabwean fintech startup are some of the firms that have received funding from Knife Capital.

Launch capital

Launch capital is a Nigerian venture capital firm that invests in early stage entrepreneurs in Nigeria and beyond Africa. Fintech, e-commerce and logistics companies benefit from capital, mentorship and assistance from the firm. Launch Capital identifies and fosters innovative entrepreneurs with the potential to drive innovation and generate value in the African market.

The business has released investments in African firms, such as Flutterwave, a Nigeria-based fintech startup, and Jetstream, a Ghana-based e-commerce platform.

Mostly Africa

Ghana-based MOST Africa is an incubator and venture capital organization that funds technology companies in Ghana and across Africa. Startups in industries including finance, e-commerce and healthcare can benefit from the company’s investment, guidance and assistance.

Due to its access to a range of resources, including a pan-African network of mentors, business support services and its own incubation programme, MEST offers a distinctive investment approach. MEST has invested in a number of African businesses, including mPharma, a health technology company located in Ghana, and Lidya, a finance company based in Nigeria.

Mexico Global

Mexico Global is a Nigerian venture capital firm that invests in companies in Nigeria and outside Africa. They invest in and support fintech, agri-tech and healthcare services.

Mexc Global is particularly interested in helping businesses tackle critical African market issues such as access to finance, healthcare and food security. Cowrywise, a Nigerian financial startup, and Apollo Agriculture, a Kenyan agri-tech venture, are some of the beneficiaries.

Micro traction

Micro traction is a Nigerian venture capital firm that invests in early stage entrepreneurs in Nigeria and beyond Africa. The business offers start-up financing, coaching and assistance in industries such as fintech, health technology and edtech.

Microtraction focuses on discovering and promoting innovative entrepreneurs with the potential to drive innovation and value creation in the African market. The VC firm has invested in various African firms, including Nigerian fintech startup Bankly and Ghanaian ed-tech venture uLesson.

Prose

Prose is a multinational online and media conglomerate operating in over 130 countries, including Africa. The business invests in technology companies with the potential to create value in the African market, particularly in e-commerce, finance and online classifieds.

Prosus has invested in African firms, including Takealot, a South African e-commerce site, and Cellulant, a Kenyan finance startup.

Raba

Raba is a South African venture capital firm that invests in businesses in South Africa and around Africa. Fintech, e-commerce and health technology firms benefit from investment, mentorship and assistance from the firm.

Raba is particularly interested in helping companies that solve critical problems in African markets such as access to finance and healthcare. The firm has made several investments in African firms, including Yoco, a financial startup headquartered in South Africa, and mPharma, a health technology business located in Ghana.

Savannah Fund

Savannah Fund is a Kenyan venture capital organization that invests in entrepreneurs in East Africa and beyond Africa. Fintech, e-commerce and logistics companies benefit from capital, mentorship and assistance from the firm.

The Savannah Fund takes a unique approach to investment in that it provides entrepreneurs with a network of mentors, business support services and access to its own accelerator program. The business has investments in African companies, including Sendy, a logistics startup headquartered in Kenya, and Kudi, a financial startup located in Nigeria.

Venture platform

Venture platform with a strong presence in Nigeria is a venture capital organization that invests in early stage companies in Nigeria, Africa and beyond. Fintech, ed-tech and healthcare benefit from investment, mentorship and assistance from the firm.

Venture Platform has a special emphasis on finding and fostering outstanding entrepreneurs with the potential to drive innovation and value creation in the African market.

Paystack and Kenyan ed-tech startup M-Shule are among the few startups that have received VC backing.

Conclusion

Africa shows a stronger affinity for business growth, especially in the blockchain space. The continent is a major force in the world when it comes to the number of users of cryptocurrencies and Web3 products. As more Web3 startups are created to solve societal problems using blockchain technology, it presents an opportunity for VC firms to invest in early-stage businesses.

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