Investor Lists

Retail investors in Africa

Updated 7 November 2026

Firms observed backing a retail company in Africa in the last two years, wherever the firm is based.

See all 33 →The top 25
33investors on the listNo change this week
346cheques in 12 months-37% against the market
$5Mmedian round they joined-37% against the market median
67%wrote a cheque in 12 months
55%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (21)

  1. 1Plug and PlayDeploying nowAccelerator · United States1,561$5Mmedian roundNov 2026last seen
  2. 2FJ LabsDeploying nowVC firm · United States849$11Mmedian roundOct 2026last seen
  3. 3RiverPark VenturesDeploying nowVC firm · United States115$6.7Mmedian roundAug 2026last seen
  4. 4Launch AfricaDeploying nowVC firm · Mauritius96$1.1Mmedian roundNov 2026last seen
  5. 5Garage CapitalDeploying nowVC firm88$5Mmedian roundOct 2026last seen
  6. 6LAUNCHDeploying nowAccelerator · United States82$5Mmedian roundOct 2026last seen
  7. 7LoftyInc CapitalDeploying nowVC firm · Nigeria73$2.3Mmedian roundMay 2026last seen
  8. 8Presight CapitalDeploying nowVC firm · United States49$10Mmedian roundSept 2026last seen
  9. 9CircleDeploying nowHedge fund · United States13$14Mmedian roundFeb 2026last seen
  10. 10Renew CapitalquietVC firm · Ethiopia10$5Mmedian roundAug 2025last seen
  11. 11Al Mada VenturesDeploying nowVC firm · Morocco7$12Mmedian roundNov 2026last seen
  12. 12E4EAfricaDeploying nowVC firm · South Africa7$5Mmedian roundOct 2026last seen
  13. 13WITAMAXDeploying nowVC firm · Morocco6$1.6Mmedian roundApr 2026last seen
  14. 14Attijariwafa VenturesDeploying nowVC firm · Morocco3$5Mmedian roundJun 2026last seen
  15. 15First Circle CapitalDeploying nowVC firm · Morocco3$2Mmedian roundFeb 2026last seen
  16. 16Maroc Numeric FundDeploying nowVC firm · Morocco3$1.4Mmedian roundApr 2026last seen
  17. 17UM6P VenturesDeploying nowVC firm · Morocco3$4Mmedian roundFeb 2026last seen
  18. 18GHARAGE VenturesquietCorporate VC · Singapore2$4.8Mmedian roundApr 2025last seen
  19. 19Oliver MerkelDeploying nowAngel2$7.9Mmedian roundNov 2025last seen
  20. 20Azur Innovation ManagementDeploying nowVC firm · Morocco1$1.6Mmedian roundApr 2026last seen
  21. 21Cash Plus VenturesquietVC firm1$1.1Mmedian roundDec 2024last seen
  22. 22Kalys VenturesquietVC firm · Morocco1$1.1Mmedian roundDec 2024last seen
  23. 23Foreign, Commonwealth and Development Office (FCDO)Deploying nowInvestment firm1$15Mmedian roundOct 2026last seen
  24. 24Harambeans Prosperity FundDeploying nowVC firm1$1.6Mmedian roundApr 2026last seen
  25. 25Ikemori Venture Support (IVS)Deploying nowVC firm1-median roundJan 2026last seen
8 more on this list

All 33 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 →

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Quick answers about retail investors in Africa

Who are the most active retail investors in Africa?

By cheques observed, the most active are Plug and Play, FJ Labs, RiverPark Ventures, Launch Africa and Garage Capital.

How many retail investors in Africa are there?

33 are on record. 67% made an investment in the last 12 months and 55% have led a round.

Which stages do retail investors in Africa back?

Of the rounds with a named stage in the last 12 months, mostly Seed (34%) and Series A (28%).

How big are the rounds retail investors in Africa join?

The typical (median) round among the leading investors here is $5M.

Which sectors do retail investors in Africa back most?

In the last 12 months, mostly AI, Fintech and Healthcare.

Which retail investors in Africa lead the most rounds?

Al Mada Ventures (6 led), E4EAfrica (3 led) and Plug and Play (2 led).

Where are retail investors in Africa based?

Among the most active, most are based in Morocco (8), the United States (6) and Mauritius (1).

What have retail investors in Africa invested in recently?

Recent rounds include Water Ledger Global (Other, Nov 2026, with Launch Africa), Lazarus AI (Nov 2026, with Plug and Play) and Journify (Series A, Nov 2026, with Al Mada Ventures).

Built from the rounds we watched, refreshed every night. How we count · Report a correction