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Since 2016, Accel has backed 5 African startups across 7 disclosed funding rounds totaling $116.1M, most heavily in Egypt and Developer Tools & Cloud.
Accel is a venture capital firm. Its official website describes it as a leading venture capital firm and “first partner to exceptional teams everywhere.” The firm’s public presence is centered on its main website, and its official contact information and office locations are listed there. In Africa, Accel has backed companies at the Seed, Series A, and Series B stages. Based on the provided investment record, its Africa activity has concentrated on Egypt, Morocco, Algeria, and Tanzania, with investments across developer tools and cloud, fintech, travel and mobility, and edtech. The companies listed include Nuitee, Swypex, LabLabee, Luciq, and NALA. The record also shows repeat participation in Luciq across Seed, Series A, and Series B rounds, alongside investments in fintech and software infrastructure companies in the region.
Data updated · Aug 15, 2026
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Accel has backed 5 African startups across 7 disclosed funding rounds tracked on Liners, totaling $116.1M since 2016.
Mostly Seed: 4 of its 7 tracked rounds are at that stage, followed by Series A (2).
Its tracked rounds lean toward Developer Tools & Cloud (3), Fintech (2), Travel & Mobility (1), and 1 more sector.
Accel most often shares rounds with Amr Awadallah (2 shared deals), Foundation Ventures (1 shared deal), Raba Capital (1 shared deal).
The companies listed in the record are Nuitee, Swypex, LabLabee, Luciq, and NALA. These span Morocco, Egypt, Algeria, and Tanzania across multiple stages.
The provided record shows Accel participating in seven Africa funding rounds between June 2016 and December 2024. Those rounds total $116.1 million.