# IoT investors in Africa (2026 list) > 27 ioT investors in Africa, 59% active in the last 12 months. Led by Google for Startups, Innovate UK, Capital Factory. Ranked by what they funded. Source: https://millionrounds.com/lists/iot-investors-in-africa (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # IoT investors in Africa Updated 7 November 2026 Firms observed backing an ioT company in Africa in the last two years, wherever the firm is based. [See all 27 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fiot-investors-in-africa)The top 25 **27** investors on the list *-7* this week **332** cheques in 12 months *-36%* against the market **$3.9M** median round they joined *-52%* against the market median **59%** wrote a cheque in 12 months **48%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (16) - 1 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen - 2 [Innovate UK](https://millionrounds.com/fund/innovate-uk) *Deploying now* VC firm · United Kingdom **704** **$1.2M** median round **Oct 2026** last seen - 3 [Capital Factory](https://millionrounds.com/fund/capital-factory) *Deploying now* VC firm · United States **212** **$6.2M** median round **Oct 2026** last seen - 4 [Google](https://millionrounds.com/fund/google-assistant-investments) *Deploying now* Accelerator · United States **154** **$40M** median round **Nov 2026** last seen - 5 [Elemental Impact](https://millionrounds.com/fund/elemental-impact) *Deploying now* VC firm · United States **119** **$11M** median round **Aug 2026** last seen - 6 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen - 7 [Powerhouse Ventures](https://millionrounds.com/fund/powerhouse-ventures-limited) *Deploying now* VC firm · New Zealand **80** **$3.3M** median round **May 2026** last seen - 8 [Third Sphere](https://millionrounds.com/fund/third-sphere) *Deploying now* VC firm · United States **80** **$5M** median round **Aug 2026** last seen - 9 [Praetura Ventures](https://millionrounds.com/fund/praetura-ventures) *Deploying now* VC firm · United Kingdom **79** **$3.5M** median round **Sept 2026** last seen - 10 [LoftyInc Capital](https://millionrounds.com/fund/loftyinc-capital) *Deploying now* VC firm · Nigeria **73** **$2.3M** median round **May 2026** last seen - 11 [54 Collective](https://millionrounds.com/fund/54-collective) *Deploying now* VC firm · South Africa **51** **$450K** median round **Dec 2025** last seen - 12 [Elevate Capital](https://millionrounds.com/fund/elevate-capital) *Deploying now* Private equity · Peru **41** **$1.8M** median round **Sept 2026** last seen - 13 [E3 Capital](https://millionrounds.com/fund/e3-capital) *Deploying now* VC firm · Kenya **10** **$7M** median round **Feb 2026** last seen - 14 [Catalyst Fund](https://millionrounds.com/fund/catalyst-fund) *Deploying now* VC firm · Kenya **7** **$1.8M** median round **Sept 2026** last seen - 15 [Shell Foundation](https://millionrounds.com/fund/shell-foundation) quiet Investment firm · United Kingdom **3** **$11M** median round **May 2025** last seen - 16 [E2JDJ](https://millionrounds.com/fund/e-squared) quiet VC firm · United States **2** **$4.2M** median round **Mar 2025** last seen - 17 [Equator](https://millionrounds.com/fund/equator-vc) quiet VC firm · Kenya **2** **$5M** median round **Mar 2025** last seen - 18 [Holocene](https://millionrounds.com/fund/holocene) quiet VC firm · South Africa **2** **$1.6M** median round **Nov 2025** last seen - 19 [Jozi Angels](https://millionrounds.com/fund/jozi-angels) quiet Angel network · South Africa **2** **$1M** median round **Oct 2025** last seen - 20 [KawiSafi Ventures](https://millionrounds.com/fund/kawisafi-ventures) *Deploying now* VC firm · Kenya **2** **$45M** median round **Feb 2026** last seen - 21 [NEXT176](https://millionrounds.com/fund/next176) quiet VC firm · South Africa **2** **$2.5M** median round **Mar 2025** last seen - 22 [Injaro Investments Limited](https://millionrounds.com/fund/injaro-investment-advisors) quiet Private credit · Ghana **1** **$8.1M** median round **May 2025** last seen - 23 [Octoco Group](https://millionrounds.com/fund/octoco-group) *Deploying now* VC firm **1** **-** median round **Sept 2026** last seen - 24 [Aions](https://millionrounds.com/fund/aions) quiet VC firm **1** **$1.6M** median round **Jan 2025** last seen - 25 [European angel investors](https://millionrounds.com/fund/european-angel-investors) quiet Angel network **1** **$8.1M** median round **May 2025** last seen **2 more on this list** All 27 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%2Fiot-investors-in-africa) ## The Newest Cheques Rounds this list's investors joined most recently - **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *With* [Google](https://millionrounds.com/fund/google-assistant-investments) - **28** Oct **[Foundry Robotics](https://millionrounds.com/company/foundry-robotics)** Series A · $100M *With* [SE Ventures](https://millionrounds.com/fund/se-ventures) - **22** Oct **[Adaptavate](https://millionrounds.com/company/adaptavate)** Other · $5.4M *With* [Innovate UK](https://millionrounds.com/fund/innovate-uk) - **22** Oct **[MoniRail](https://millionrounds.com/company/monirail)** Grant · $67M *Led by* [Innovate UK](https://millionrounds.com/fund/innovate-uk) - **21** Oct **[Go Eve](https://millionrounds.com/company/go-eve)** Grant · $1M *With* [Innovate UK](https://millionrounds.com/fund/innovate-uk) - **14** Oct **[Icon](https://millionrounds.com/company/icon)** Series D+ · $200M *With* [Capital Factory](https://millionrounds.com/fund/capital-factory) ## Stages This Year 317 rounds - Venture **26%** - Seed **22%** - Series A **13%** - Grant **11%** - Pre-seed **8%** - Other **21%** ## What They Backed Sectors, last 12 months - AI **89** - Biotech **26** - Energy **23** - Agtech **21** - Healthcare **21** - Big Data & Analytics **19** ## Cheques by Quarter Led Joined 135 Q1 25 169 Q2 25 104 Q3 25 120 Q4 25 118 Q1 26 82 Q2 26 85 Q3 26 9 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) ## Quick answers about ioT investors in Africa ### Who are the most active ioT investors in Africa? By cheques observed, the most active are Google for Startups, Innovate UK, Capital Factory, Google and Elemental Impact. ### How many ioT investors in Africa are there? 27 are on record. 59% made an investment in the last 12 months and 48% have led a round. ### Which stages do ioT investors in Africa back? Of the rounds with a named stage in the last 12 months, mostly Seed (32%) and Series A (19%). ### How big are the rounds ioT investors in Africa join? The typical (median) round among the leading investors here is $4.2M. ### Which sectors do ioT investors in Africa back most? In the last 12 months, mostly AI, Biotech and Energy. ### Which ioT investors in Africa lead the most rounds? Praetura Ventures (4 led), E3 Capital (4 led) and Google (3 led). ### Where are ioT investors in Africa based? Among the most active, most are based in the United States (7), South Africa (4) and Kenya (4). ### What have ioT investors in Africa invested in recently? Recent rounds include Agrani Labs (Nov 2026, with Google), Foundry Robotics (Series A, Oct 2026, with SE Ventures) and Adaptavate (Other, Oct 2026, with Innovate UK). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)