# B2B investors in Africa (2026 list) > 86 B2B investors in Africa, 55% active in the last 12 months. Led by Y Combinator, Plug and Play, MassChallenge. Ranked by what they funded. Source: https://millionrounds.com/lists/b2b-investors-in-africa (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # B2B investors in Africa Updated 7 November 2026 Firms observed backing a B2B company in Africa in the last two years, wherever the firm is based. [See all 86 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-investors-in-africa)The top 25 **86** investors on the list No change this week **1,561** cheques in 12 months *-25%* against the market **$3M** median round they joined *-62%* against the market median **55%** wrote a cheque in 12 months **41%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 3 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen - 4 [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) *Deploying now* VC firm · Germany **461** **$7M** median round **Oct 2026** last seen - 5 [Speedinvest](https://millionrounds.com/fund/speedinvest) *Deploying now* VC firm · Austria **345** **$6.7M** median round **Nov 2026** last seen - 6 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen - 7 [Visa](https://millionrounds.com/fund/visa) *Deploying now* Corporate VC · United States **123** **$7.5M** median round **Oct 2026** last seen - 8 [Endeavor](https://millionrounds.com/fund/endeavor) *Deploying now* Corporate VC · United States **106** **$25M** median round **Sept 2026** last seen - 9 [Catalyst Fund](https://millionrounds.com/fund/catalyst-fund-2) *Deploying now* Growth equity · United States **96** **$3M** median round **Oct 2026** last seen - 10 [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) *Deploying now* VC firm · Mauritius **96** **$1.1M** median round **Nov 2026** last seen - 11 [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) *Deploying now* VC firm · China **95** **$30M** median round **Sept 2026** last seen - 12 [GIC](https://millionrounds.com/fund/gic) *Deploying now* Private equity · Singapore **92** **$200M** median round **Oct 2026** last seen - 13 [Magic Fund](https://millionrounds.com/fund/magic-fund) *Deploying now* VC firm · United States **90** **$2.3M** median round **Jul 2026** last seen - 14 [Seedstars](https://millionrounds.com/fund/seedstars) *Deploying now* Accelerator · Switzerland **88** **$1.1M** median round **Oct 2026** last seen - 15 [LAUNCH](https://millionrounds.com/fund/launch) *Deploying now* Accelerator · United States **82** **$5M** median round **Oct 2026** last seen - 16 [Accion Venture Lab](https://millionrounds.com/fund/accion-venture-lab) *Deploying now* VC firm · United States **71** **$7M** median round **Oct 2026** last seen - 17 [FMO](https://millionrounds.com/fund/fmo) *Deploying now* Government · Netherlands **66** **$20M** median round **Oct 2026** last seen - 18 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen - 19 [Orange Ventures](https://millionrounds.com/fund/orange-ventures) *Deploying now* Corporate VC · France **53** **$11M** median round **Sept 2026** last seen - 20 [54 Collective](https://millionrounds.com/fund/54-collective) *Deploying now* VC firm · South Africa **51** **$450K** median round **Dec 2025** last seen - 21 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen - 22 [Kaleo Ventures](https://millionrounds.com/fund/kaleo-ventures) *Deploying now* VC firm · United States **8** **$1.6M** median round **Oct 2026** last seen - 23 [4Di Capital](https://millionrounds.com/fund/4di-capital) *Deploying now* VC firm · South Africa **7** **$6.3M** median round **May 2026** last seen - 24 [Catalyst Fund](https://millionrounds.com/fund/catalyst-fund) *Deploying now* VC firm · Kenya **7** **$1.8M** median round **Sept 2026** last seen - 25 [E4EAfrica](https://millionrounds.com/fund/e4e-africa) *Deploying now* VC firm · South Africa **7** **$5M** median round **Oct 2026** last seen **61 more on this list** All 86 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-investors-in-africa) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Water Ledger Global](https://millionrounds.com/company/water-ledger-global)** Other *With* [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) - **5** Nov **[Pliant](https://millionrounds.com/company/pliant)** Series C · $80M *Led by* [Speedinvest](https://millionrounds.com/fund/speedinvest) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **31** Oct **[Finfra](https://millionrounds.com/company/finfra)** Series A *With* [Accion Venture Lab](https://millionrounds.com/fund/accion-venture-lab) - **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) ## Stages This Year 1,479 rounds - Venture **24%** - Pre-seed **20%** - Seed **18%** - Series A **14%** - Series B **5%** - Other **18%** ## What They Backed Sectors, last 12 months - AI **734** - Fintech **133** - Big Data & Analytics **88** - Healthcare **76** - Financial Services **75** - Biotech **52** ## Cheques by Quarter Led Joined 543 Q1 25 502 Q2 25 573 Q3 25 585 Q4 25 495 Q1 26 437 Q2 26 321 Q3 26 79 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america) - [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe) - [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america) - [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america) - [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia) - [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america) - [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america) - [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america) - [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders in b2b software and saas - Lean B2B: Build Products Businesses Want Étienne Garbugli · 2014 4.16 from 249 ratings on Goodreads B2B software and SaaS About the book www.leanb2bbook.com « This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs Lean B2B helps… On AmazonListen on Audible - The Pricing Roadmap: How to Design B2B SaaS Pricing Models That Your Customers Will Love Ulrik Lehrskov-Schmidt · 2023 4.43 from 207 ratings on Goodreads B2B software and SaaS About the book "The definitive resource on SaaS pricing, I absolutely can not recommend this book enough." Viktor Heide, COO of Contractbook.com, Forbes "30 under 30" A foolproof method to achieve skyrocketing sales, growth, and profits for your software as a service (SaaS) product starts… On AmazonListen on Audible - Integrity: The Courage to Meet the Demands of Reality Henry Cloud · 2006 4.22 from 3,393 ratings on Goodreads B2B software and SaaS About the book Integrity. It is more than simple honesty. It's the key to success. A person with integrity has the -- often rare -- ability to pull everything together, to make it all happen no matter how challenging the circumstances. Drawing on experiences from his work with Fortune 500… On AmazonListen on Audible - Blueprints for a SaaS Sales Organization by Jacco vanderKooij Jacco van der Kooij · 2015 4.33 from 324 ratings on Goodreads B2B software and SaaS About the book Because of their very nature, SaaS companies live and die on revenue growth. And once the service is ready there is a very small window in which to scale. Missing that window is the difference between massive success and mediocrity. With such high stakes, it is crucial to get a… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=b2b_software). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about B2B investors in Africa ### Who are the most active B2B investors in Africa? By cheques observed, the most active are Y Combinator, Plug and Play, MassChallenge, Global Founders Capital and Speedinvest. ### How many B2B investors in Africa are there? 86 are on record. 55% made an investment in the last 12 months and 41% have led a round. ### Which stages do B2B investors in Africa back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (28%) and Seed (26%). ### How big are the rounds B2B investors in Africa join? The typical (median) round among the leading investors here is $5M. ### Which sectors do B2B investors in Africa back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which B2B investors in Africa lead the most rounds? GIC (17 led), Y Combinator (11 led) and Global Founders Capital (11 led). ### Where are B2B investors in Africa based? Among the most active, most are based in the United States (11), South Africa (3) and Sweden (2). ### What have B2B investors in Africa invested in recently? Recent rounds include Water Ledger Global (Other, Nov 2026, with Launch Africa), Pliant (Series C, Nov 2026, with Speedinvest) and Lazarus AI (Nov 2026, with Plug and Play). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)