# Investors based in Ethiopia (2026 list) > 24 investors based in Ethiopia, 4% active in the last 12 months. Led by Renew Capital, Ascent Capital Africa Ltd, 1888EC. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-ethiopia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Ethiopia Updated 7 November 2026 Firms headquartered in Ethiopia, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Ethiopia. [See all 24 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-ethiopia)The top 24 **24** investors on the list No change this week **1** cheques in 12 months Too few cheques to tell **$6.5M** median round they joined *-19%* against the market median **4%** wrote a cheque in 12 months **4%** have led a round ## The Top 24 Ordered by cheques observed, never by anything anyone paid for Deploying now (1) - 1 [Renew Capital](https://millionrounds.com/fund/renew-capital) quiet VC firm · Ethiopia **10** **$5M** median round **Aug 2025** last seen - 2 [Ascent Capital Africa Ltd](https://millionrounds.com/fund/ascent) *Deploying now* VC firm · Ethiopia **3** **$8M** median round **Jun 2026** last seen - 3 [1888EC](https://millionrounds.com/fund/1888ec) unknown Venture studio · Ethiopia **none observed** **-** median round **-** last seen - 4 [Access Capital S.C](https://millionrounds.com/fund/access-capital-s-c) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 5 [Addis Ababa Angels](https://millionrounds.com/fund/addis-ababa-angels) unknown Angel network · Ethiopia **none observed** **-** median round **-** last seen - 6 [African Union Peace Fund](https://millionrounds.com/fund/african-union-peace-fund) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 7 [Arada Dynasty Group & Arada Ventures](https://millionrounds.com/fund/arada-dynasty-group-and-arada-ventures) unknown VC firm · Ethiopia **none observed** **-** median round **-** last seen - 8 [Cambridge Group In...](https://millionrounds.com/fund/cambridge-group-in) unknown Accelerator · Ethiopia **none observed** **-** median round **-** last seen - 9 [Cepheus Growth Capital Partners](https://millionrounds.com/fund/cepheus-growth-capital-partners) unknown Growth equity · Ethiopia **none observed** **-** median round **-** last seen - 10 [E-Combinator](https://millionrounds.com/fund/e-combinator) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 11 [Ethiopian Airlines](https://millionrounds.com/fund/ethiopian-airlines) unknown Corporate VC · Ethiopia **none observed** **-** median round **-** last seen - 12 [Ethiopian Investment Holdings](https://millionrounds.com/fund/ethiopian-investment-holdings) unknown Institutional LP · Ethiopia **none observed** **-** median round **-** last seen - 13 [Formidable](https://millionrounds.com/fund/formidable) unknown Hedge fund · Ethiopia **none observed** **-** median round **-** last seen - 14 [Iceaddis](https://millionrounds.com/fund/iceaddis) unknown Accelerator · Ethiopia **none observed** **-** median round **-** last seen - 15 [Ignite Investment](https://millionrounds.com/fund/ignite-investment) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 16 [OVID Venture Capital](https://millionrounds.com/fund/ovid-venture-capital) unknown VC firm · Ethiopia **none observed** **-** median round **-** last seen - 17 [OWS Development Fund - OWSDF](https://millionrounds.com/fund/ows-development-fund-owsdf) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 18 [Ovid Holding](https://millionrounds.com/fund/ovid-holding) unknown Company · Ethiopia **none observed** **-** median round **-** last seen - 19 [Roha Group](https://millionrounds.com/fund/roha-group) unknown Company · Ethiopia **none observed** **-** median round **-** last seen - 20 [Star Technologies PLC](https://millionrounds.com/fund/star-technologies-plc) unknown Corporate VC · Ethiopia **none observed** **-** median round **-** last seen - 21 [StartupFactory Ethiopia](https://millionrounds.com/fund/startupfactory-ethiopia) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 22 [The Children's Heart Fund of Ethiopia](https://millionrounds.com/fund/the-children-s-heart-fund-of-ethiopia) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 23 [YeBen endowment fund](https://millionrounds.com/fund/yeben-endowment-fund) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen - 24 [blueMoon Ethiopia](https://millionrounds.com/fund/bluemoon-ethiopia) unknown Investment firm · Ethiopia **none observed** **-** median round **-** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **9** Jun **[Orbital](https://millionrounds.com/company/orbital)** Seed · $5M *With* [Ascent Capital Africa Ltd](https://millionrounds.com/fund/ascent) - **26** Aug **[Hypeo Ai](https://millionrounds.com/company/hypeo-ai)** Round *With* [Renew Capital](https://millionrounds.com/fund/renew-capital) - **2** May **[Tendo](https://millionrounds.com/company/tendo)** Round *With* [Renew Capital](https://millionrounds.com/fund/renew-capital) - **24** Feb **[Dabchy](https://millionrounds.com/company/dabchy)** Round *With* [Renew Capital](https://millionrounds.com/fund/renew-capital) - **13** Feb **[Affinity Africa](https://millionrounds.com/company/affinity-africa)** Seed · $8M *With* [Renew Capital](https://millionrounds.com/fund/renew-capital) - **24** Jan **[Sevi](https://millionrounds.com/company/sevi)** Round *With* [Renew Capital](https://millionrounds.com/fund/renew-capital) ## Stages This Year 1 rounds - Seed **100%** ## What They Backed Sectors, last 12 months - AI **1** - Aerospace & Space **1** - Big Data & Analytics **1** - Cloud **1** ## Cheques by Quarter Led Joined 3 Q1 25 1 Q2 25 1 Q3 25 Q4 25 Q1 26 1 Q2 26 Q3 26 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Ethiopia ### Who are the most active investors based in Ethiopia? By cheques observed, the most active are Renew Capital, Ascent Capital Africa Ltd, 1888EC, Access Capital S.C and Addis Ababa Angels. ### How many investors based in Ethiopia are there? 24 are on record. 4% made an investment in the last 12 months and 4% have led a round. ### Which stages do investors based in Ethiopia back? Of the rounds with a named stage in the last 12 months, mostly Seed (100%). ### Which sectors do investors based in Ethiopia back most? In the last 12 months, mostly AI, Aerospace & Space and Big Data & Analytics. ### What have investors based in Ethiopia invested in recently? Recent rounds include Orbital (Seed, Jun 2026, with Ascent Capital Africa Ltd), Hypeo Ai (Aug 2025, with Renew Capital) and Tendo (May 2025, with Renew Capital). ### How is this list of investors based in Ethiopia ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)