Ethiopia, a nation known for its rich history and vibrant culture, is rapidly emerging as a hotbed for entrepreneurial activity in East Africa. Often referred to as "Sheba Valley," Ethiopia's ecosystem has expanded by an impressive 200% in recent years, showcasing the country's rapid technological advancement and entrepreneurial spirit. As of 2025, the combined value of Ethiopia's startup ecosystem has surged to an impressive US $300 million; a rapid expansion is underpinned by a flourishing venture capital market, which is projected to reach US $82.55 million in total capital raised by the end of the year. In this article, we have compiled a comprehensive list of top VC Funds and Angel Investors in Ethiopia that are fueling the growth in Ethiopian startup landscape!
➡️ Download the full list of VCs and Angel Investors in 100+ countries!
Venture Capitalist Funds in Ethiopia
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2020
Geographies: Ethiopia, Uganda, Tanzania, Rwanda, Kenya
Stage: Pre Seed, Seed
Focus: FinTech & Financial Inclusion, AgriTech & Food Systems, HealthTech & Wellness, EdTech & Skills Development, CleanTech & Sustainability, Logistics & Supply Chain
Notable Portfolio: Kubik, Okoa
Year of Inception: 2013
Geographies: Africa
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Samanu, Addis Pharmaceutical Company, Etete Diary, Chef Luca, Tena Oil
Year of Inception: 2007
Geographies: Africa
Stage: Seed, Seeries A
Focus: Sector Agnostic
Notable Portfolio: Sevi, Talaty, Bulkbox, Appload, Konnect, Roam, Bosso
Year of Inception: 2014
Geographies: Africa
Stage: Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: GreenPath, BasiGo, Komaza, iProcure, mPharma
Year of Inception: 2016
Geographies: Ethiopia
Stage: Series B, Series C
Focus: Manufacturing, Services, Agro-Processing
Notable Portfolio: Joytech, Komari, Tabor Ceramics, Tinaw
Year of Inception: 1997
Geographies: Africa
Stage: Series A, Series B, Series C
Focus: Renewable Energy, Financial Inclusion, Green Infrastructure, Scalable Enterprises
Notable Portfolio: Sundry Foods, Starsight, Arnergy Solar
Angel Investors in Ethiopia
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Pre Seed, Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Pre Seed, Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
Closing Thoughts on VCs and Angel Investors in Ethiopia
From homegrown financial powerhouses to international players recognizing the potential of Ethiopian startups, these entities are at the forefront of transforming ideas into successful enterprises. Their investments span various sectors, including technology, agriculture, healthcare, and renewable energy, reflecting the diverse opportunities present in Ethiopia's burgeoning economy.
Find VCs and Angel Investors in African Countries:
Frequently Asked Questions on VCs and Angel Investors in Ethiopia
What is the current state of the Venture Capital market in Ethiopia?
Ethiopia's venture capital market is undergoing significant transformation with the launch of the Ethiopian Securities Exchange (ESX) and opening to foreign banks. The market is projected to reach $82.55 million in total capital raised, with Later Stage ventures dominating at $74.78 million. Key developments include market liberalization in banking, digital payments, and public-private partnerships, though regulatory challenges persist.
How does Ethiopia's VC market compare to other African countries?
Ethiopia's venture capital market is emerging but still developing compared to Africa's 'Big Four' (Kenya, Nigeria, Egypt, and South Africa) which dominate continental VC funding. The market shows potential for growth in fintech, renewable energy, and technology sectors, while working to address regulatory and infrastructure challenges common to African markets.
What sectors are seeing the most investment activity in Ethiopia?
Key sectors attracting venture capital include:
Climate tech and clean energy solutions
Financial technology (FinTech)
Agricultural technology (AgTech)
Mobile applications and services
Enterprise software solutions
What are typical investment ticket sizes in Ethiopia's VC landscape?
Investment ticket sizes typically range from $50,000 to $500,000, varying by stage:
Pre-seed and seed-stage investments: $50,000 to $100,000
Early-stage funding: $100,000 to $300,000
Later-stage investments: Up to $500,000
How do venture capital firms evaluate Ethiopian startups?
VC firms evaluate based on:
Ethiopian market potential
Innovative solutions addressing local challenges
Team expertise and local knowledge
Scalability across African markets
Market validation evidence
Alignment with economic diversification
Social and environmental impact
Comments