Investor Spotlight: Who’s Backing the Next Unicorns in Africa

If you want to know where the money flows, look at who is backing the winners. Here are three VCs active in Africa right now and what they care about:

1. P1 Ventures

They recently closed a $50 million institutional fund. Their focus: early-stage AI and fintech across Africa. Their backing of startups like Nuitee shows a willingness to bet on bold ideas beyond just the usual hubs.

2. B Capital Group

This global fund has supported African fintech giants like Flutterwave. They look for companies that can scale across regions and become infrastructure platforms.

3. IFC / Development Finance Institutions

These institutions often co-invest in impactful deals. They are attracted to startups that combine commercial viability with development goals such as financial inclusion, clean tech, and health access.

These investors tend to prefer infrastructure plays, fintech, climate technology, and scalable SaaS platforms. Founders should watch their patterns, terms, and portfolio companies.

Want to understand how to get on the radar of these investors?

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