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Since 2012, 500 Global has backed 41 African startups across 56 disclosed funding rounds totaling $83M, most heavily in Egypt and Fintech.
500 Global, formerly 500 Startups, is a venture capital firm managing over $2.3 billion in assets under management. The firm invests in early-stage tech startups globally, with a presence in regions including MENA and Africa through dedicated funds, accelerators, and programs. Headquartered in Silicon Valley, it supports founders building fast-growing companies across diverse markets. In Africa, 500 Global has participated in 31 funding rounds totaling $49.4 million from February 2012 to June 2025, primarily at the seed stage (27 rounds). Investments focus on fintech (14 rounds), logistics and supply chain (4), health tech (4), with geographic emphasis on Egypt (22 rounds), Nigeria (5), and South Africa (2). Notable portfolio companies include Chipper Cash, MaxAB, and Stitch. The firm operates as an active investor in Africa with over 100 companies in its portfolio, partnering with founders and institutions to build innovation ecosystems. It co-invests frequently with firms like Endure Capital and Village Global.
Data updated · Jul 29, 2026
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500 Global has backed 41 African startups across 56 disclosed funding rounds tracked on Liners, totaling $83M since 2012.
Mostly Seed: 40 of its 56 tracked rounds are at that stage, followed by Venture (Round not Specified) (6).
Its tracked rounds lean toward Fintech (19), Health Tech (5), Logistics & Supply Chain (5), and 11 more sectors.
500 Global most often shares rounds with Endure Capital (6 shared deals), F6 Ventures (4 shared deals), Angel investors (3 shared deals).
In Egypt, 500 Global has backed companies like Nowlun (logistics), Chefaa (health tech), MaxAB (e-commerce), Moneyfellows (fintech), WUZZUF (HR), and Shezlong (health tech).