# Investors in Ethiopia (2026 list) > 17 investors in Ethiopia, 94% active in the last 12 months. Led by Y Combinator, Pioneer Fund, Nissay Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-in-ethiopia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors in Ethiopia Updated 7 November 2026 Firms observed in a round raised by a company in Ethiopia in the last two years, wherever the firm itself is based. What matters to a founder is who writes cheques into their market. [See all 17 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-in-ethiopia)The top 17 **17** investors on the list *+1* this week **1,177** cheques in 12 months *-14%* against the market **$13M** median round they joined *+63%* against the market median **94%** wrote a cheque in 12 months **29%** have led a round ## The Top 17 Ordered by cheques observed, never by anything anyone paid for Deploying now (16) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 3 [Nissay Capital](https://millionrounds.com/fund/nissay-capital) *Deploying now* VC firm · Japan **221** **$3.5M** median round **Oct 2026** last seen - 4 [British International Investment](https://millionrounds.com/fund/british-international-investment-bii) *Deploying now* Government · United Kingdom **84** **$20M** median round **Nov 2026** last seen - 5 [UTokyo Innovation Platform](https://millionrounds.com/fund/utokyo-innovation-platform) *Deploying now* Growth equity · Japan **50** **$4.1M** median round **Jul 2026** last seen - 6 [Chapter One Ventures](https://millionrounds.com/fund/chapter-one) *Deploying now* VC firm · United States **48** **$6.7M** median round **Jun 2026** last seen - 7 [P1 Ventures](https://millionrounds.com/fund/p1-ventures) quiet Private equity · United States **7** **$8M** median round **Oct 2025** last seen - 8 [CBC](https://millionrounds.com/fund/cbc) *Deploying now* Corporate VC · Canada **6** **$18M** median round **May 2026** last seen - 9 [Persistent](https://millionrounds.com/fund/persistent) *Deploying now* VC firm · Mauritius **5** **$12M** median round **May 2026** last seen - 10 [Nagase & Co](https://millionrounds.com/fund/nagase-and-co) *Deploying now* Corporate VC · Japan **2** **$13M** median round **May 2026** last seen - 11 [Epic Edges Capital](https://millionrounds.com/fund/epic-edges-capital) *Deploying now* Investment firm **1** **$1M** median round **Nov 2026** last seen - 12 [For Seasons](https://millionrounds.com/fund/for-seasons) *Deploying now* VC firm · Poland **1** **$13M** median round **May 2026** last seen - 13 [Inclusion Japan](https://millionrounds.com/fund/inclusion-japan-icj) *Deploying now* VC firm · Japan **1** **$13M** median round **May 2026** last seen - 14 [ICJ](https://millionrounds.com/fund/icj) *Deploying now* VC firm **1** **$13M** median round **May 2026** last seen - 15 [IPC](https://millionrounds.com/fund/ipc) *Deploying now* VC firm · Singapore **1** **$13M** median round **May 2026** last seen - 16 [Persistent ACV Fund](https://millionrounds.com/fund/persistent-acv-fund) *Deploying now* VC firm **1** **$13M** median round **May 2026** last seen - 17 [Valuechain Innovation Fund](https://millionrounds.com/fund/value-chain-innovation-fund) *Deploying now* VC firm **1** **$13M** median round **May 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **4** Nov **[Enza](https://millionrounds.com/company/enza)** Seed · $6M *With* [British International Investment](https://millionrounds.com/fund/british-international-investment-bii) - **3** Nov **[Rise of Fearless](https://millionrounds.com/company/rise-of-fearless)** Other · $1M *Led by* [Epic Edges Capital](https://millionrounds.com/fund/epic-edges-capital) - **2** Nov **[Okra Solar](https://millionrounds.com/company/okra-solar)** Debt · $7M *Led by* [British International Investment](https://millionrounds.com/fund/british-international-investment-bii) - **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) - **29** Oct **[Reflex](https://millionrounds.com/company/reflex)** Series A · $14M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) ## Stages This Year 1,059 rounds - Venture **28%** - Pre-seed **24%** - Seed **16%** - Series A **13%** - Series B **5%** - Other **14%** ## What They Backed Sectors, last 12 months - AI **567** - Big Data & Analytics **62** - Fintech **61** - Healthcare **44** - Financial Services **42** - Aerospace & Space **33** ## Cheques by Quarter Led Joined 370 Q1 25 319 Q2 25 408 Q3 25 402 Q4 25 361 Q1 26 362 Q2 26 214 Q3 26 41 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors in United States 5,827](https://millionrounds.com/lists/investors-in-united-states) - [Investors in United Kingdom 1,889](https://millionrounds.com/lists/investors-in-united-kingdom) - [Investors in Germany 898](https://millionrounds.com/lists/investors-in-germany) - [Investors in Canada 868](https://millionrounds.com/lists/investors-in-canada) - [Investors in Australia 853](https://millionrounds.com/lists/investors-in-australia) - [Investors in France 771](https://millionrounds.com/lists/investors-in-france) - [Investors in India 756](https://millionrounds.com/lists/investors-in-india) - [Investors in Brazil 584](https://millionrounds.com/lists/investors-in-brazil) - [Investors in Netherlands 569](https://millionrounds.com/lists/investors-in-netherlands) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors in Ethiopia ### Who are the most active investors in Ethiopia? By cheques observed, the most active are Y Combinator, Pioneer Fund, Nissay Capital, British International Investment and UTokyo Innovation Platform. ### How many investors in Ethiopia are there? 17 are on record. 94% made an investment in the last 12 months and 29% have led a round. ### Which stages do investors in Ethiopia back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (34%) and Seed (24%). ### How big are the rounds investors in Ethiopia join? The typical (median) round among the leading investors here is $13M. ### Which sectors do investors in Ethiopia back most? In the last 12 months, mostly AI, Big Data & Analytics and Fintech. ### Which investors in Ethiopia lead the most rounds? Y Combinator (11 led), British International Investment (3 led) and P1 Ventures (2 led). ### Where are investors in Ethiopia based? Among the most active, most are based in the United States (4), Japan (4) and the United Kingdom (1). ### What have investors in Ethiopia invested in recently? Recent rounds include Nyquis (Seed, Nov 2026, with Pioneer Fund), Enza (Seed, Nov 2026, with British International Investment) and Rise of Fearless (Other, Nov 2026, with Epic Edges Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)