# Investors based in Rwanda (2026 list)

> 34 investors based in Rwanda, 6% active in the last 12 months. Led by Fund for Export Development in Africa (FEDA), Admaius Capital Partners, Sunrise.

Source: https://millionrounds.com/lists/investors-based-in-rwanda (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in Rwanda

Updated 7 November 2026

Firms headquartered in Rwanda, 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 Rwanda.

[See all 34 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-rwanda)The top 25

**34** investors on the list No change this week

**3** cheques in 12 months Too few cheques to tell

**$76M** median round they joined *+850%* against the market median

**6%** wrote a cheque in 12 months

**6%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (2)

- 1 [Fund for Export Development in Africa (FEDA)](https://millionrounds.com/fund/fund-for-export-development-in-africa-feda) *Deploying now* Corporate VC · Rwanda **3** **$215M** median round **Jun 2026** last seen
- 2 [Admaius Capital Partners](https://millionrounds.com/fund/admaius-capital-partners) *Deploying now* Private equity · Rwanda **1** **$40M** median round **Oct 2026** last seen
- 3 [Sunrise](https://millionrounds.com/fund/sunrise) quiet Hedge fund · Rwanda **1** **$76M** median round **Jan 2025** last seen
- 4 [Afresearch Ventures](https://millionrounds.com/fund/afresearch-ventures) unknown VC firm · Rwanda **none observed** **-** median round **-** last seen
- 5 [Africa Cities Fund](https://millionrounds.com/fund/africa-cities-fund) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 6 [Africa Climate Ventures](https://millionrounds.com/fund/africa-climate-ventures) unknown Venture studio · Rwanda **none observed** **-** median round **-** last seen
- 7 [Agaciro Development Fund](https://millionrounds.com/fund/agaciro-development-fund) unknown Government · Rwanda **none observed** **-** median round **-** last seen
- 8 [Arigo Capital](https://millionrounds.com/fund/arigo-capital) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 9 [Arigoventures](https://millionrounds.com/fund/arigoventures) unknown VC firm · Rwanda **none observed** **-** median round **-** last seen
- 10 [Ashay](https://millionrounds.com/fund/ashay) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 11 [Business Angels Rwanda](https://millionrounds.com/fund/business-angels-rwanda) unknown Angel network · Rwanda **none observed** **-** median round **-** last seen
- 12 [Climate Change Partners](https://millionrounds.com/fund/climate-change-partners) unknown VC firm · Rwanda **none observed** **-** median round **-** last seen
- 13 [D-Fund](https://millionrounds.com/fund/d-fund) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 14 [DeepTechAfrica](https://millionrounds.com/fund/deeptechafrica) unknown Venture studio · Rwanda **none observed** **-** median round **-** last seen
- 15 [Empowerment Fund](https://millionrounds.com/fund/empowerment-fund) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 16 [Government of the Republic of Rwanda](https://millionrounds.com/fund/government-of-the-republic-of-rwanda) unknown Government · Rwanda **none observed** **-** median round **-** last seen
- 17 [House of NDOAA](https://millionrounds.com/fund/house-of-ndoaa) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 18 [Imaad Financial Group](https://millionrounds.com/fund/imaad-financial-group) unknown Investment bank · Rwanda **none observed** **-** median round **-** last seen
- 19 [Int10nsity](https://millionrounds.com/fund/int10nsity) unknown VC firm · Rwanda **none observed** **-** median round **-** last seen
- 20 [Jasiri Growth Acce...](https://millionrounds.com/fund/jasiri-growth-acce) unknown Accelerator · Rwanda **none observed** **-** median round **-** last seen
- 21 [Karisimbi Business Partners](https://millionrounds.com/fund/karisimbi-business-partners) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 22 [Katapult Africa](https://millionrounds.com/fund/katapult-africa) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 23 [Kibo Global Operations](https://millionrounds.com/fund/kibo-global-operations) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 24 [LaksCapital](https://millionrounds.com/fund/lakscapital) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen
- 25 [Legacy Invest](https://millionrounds.com/fund/legacy-invest) unknown Investment firm · Rwanda **none observed** **-** median round **-** last seen

**9 more on this list**

All 34 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%2Finvestors-based-in-rwanda)

## The Newest Cheques

Rounds this list's investors joined most recently

- **29** Oct **[ABA Life](https://millionrounds.com/company/aba-life)** Growth · $40M *Led by* [Admaius Capital Partners](https://millionrounds.com/fund/admaius-capital-partners)
- **9** Jun **[Spiro](https://millionrounds.com/company/spiro)** Growth · $215M *With* [Fund for Export Development in Africa (FEDA)](https://millionrounds.com/fund/fund-for-export-development-in-africa-feda)
- **12** Nov **[Africa Minerals and Metals Processing Platform (A2MP)](https://millionrounds.com/company/africa-minerals-and-metals-processing-platform-a2mp)** Growth · $300M *Led by* [Fund for Export Development in Africa (FEDA)](https://millionrounds.com/fund/fund-for-export-development-in-africa-feda)
- **23** Oct **[Spiro](https://millionrounds.com/company/spiro)** Growth · $100M *Led by* [Fund for Export Development in Africa (FEDA)](https://millionrounds.com/fund/fund-for-export-development-in-africa-feda)
- **14** Jan **[Bioptimus](https://millionrounds.com/company/bioptimus)** Seed · $76M *With* [Sunrise](https://millionrounds.com/fund/sunrise)

## Stages This Year

3 rounds

- Growth **100%**

## What They Backed

Sectors, last 12 months

- AI **1**
- Automotive & EVs **1**
- Chemicals & Materials **1**
- Energy **1**
- Healthcare **1**
- Healthtech **1**

## Cheques by Quarter

Led Joined

1 Q1 25

Q2 25

Q3 25

2 Q4 25

Q1 26

1 Q2 26

Q3 26

1 Q4 26

The last bar is the quarter still running.

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- [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 Rwanda

### Who are the most active investors based in Rwanda?

By cheques observed, the most active are Fund for Export Development in Africa (FEDA), Admaius Capital Partners, Sunrise, Afresearch Ventures and Africa Cities Fund.

### How many investors based in Rwanda are there?

34 are on record. 6% made an investment in the last 12 months and 6% have led a round.

### Which stages do investors based in Rwanda back?

Of the rounds with a named stage in the last 12 months, mostly Growth (100%).

### Which sectors do investors based in Rwanda back most?

In the last 12 months, mostly AI, Automotive & EVs and Chemicals & Materials.

### Which investors based in Rwanda lead the most rounds?

Fund for Export Development in Africa (FEDA) (2 led) and Admaius Capital Partners (1 led).

### What have investors based in Rwanda invested in recently?

Recent rounds include ABA Life (Growth, Oct 2026, with Admaius Capital Partners), Spiro (Growth, Oct 2025, with Fund for Export Development in Africa (FEDA)) and Africa Minerals and Metals Processing Platform (A2MP) (Growth, Nov 2025, with Fund for Export Development in Africa (FEDA)).

### How is this list of investors based in Rwanda ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

### Can I see all 34 investors based in Rwanda?

The top 25 are here. All 34 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)