What stage does Accel invest in Africa?

Accel invests at the seed stage in Africa. It participated in three seed rounds from January 2022 to May 2024.

Does Accel invest in fintech in Africa?

Yes, Accel has invested in two fintech companies in Africa. These include Swypex in Egypt and Nala in Tanzania.

What companies has Accel backed in Africa?

Accel backed Swypex (Egypt, fintech), LabLabee (Algeria, edtech), and Nala (Tanzania, fintech) at the seed stage.

Where in Africa does Accel invest?

Accel has invested in Egypt, Algeria, and Tanzania. Each investment was in a different country at the seed stage.

Who are Accel's co-investors in Africa?

Co-investors include Foundation Ventures, Raba Capital, Kima Ventures, Brighteye Ventures, e&, Bessemer Venture Partners, and others across the three rounds.

Accel

accel.com ↗

3 investments·3 products on Liners

Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth. The firm maintains offices in the Bay Area, Bangalore, London, and Palo Alto. In Africa, Accel has participated in three seed-stage funding rounds between January 2022 and May 2024, investing a total of $15.4 million. The firm focused on fintech with investments in Swypex (Egypt) and Nala (Tanzania), and edtech with LabLabee (Algeria). This activity highlights interests in seed-stage startups across Egypt, Algeria, and Tanzania.

Total Invested

$15.4M

Active Since

Jan 2022

Latest Investment

May 2024

Top Stage

Seed