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Since 2016, Andreessen Horowitz has backed 3 African startups across 6 disclosed funding rounds totaling $297.7M, most heavily in Nigeria and Fintech.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. The firm is based in Silicon Valley, California, and manages over $90 billion across multiple funds. It pioneered the platform model with dedicated teams supporting founders in areas like marketing, talent, legal, and policy. In Africa, Andreessen Horowitz has invested $297.7 million across six funding rounds from March 2016 to January 2023. The firm participated in seed, series A, series B, series C, and venture rounds, focusing on fintech (three investments), media and entertainment (two), and crypto and web3 (one). Geographic preferences include Nigeria (three rounds), South Africa (two), and pan-African (one), with notable investments in Carry1st, Yellowcard, and Branch. The firm has co-invested with partners such as Trinity Ventures, Formation 8, BITKRAFT Ventures, and others including Google and Visa in these African deals.
Data updated · Jul 29, 2026
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Andreessen Horowitz has backed 3 African startups across 6 disclosed funding rounds tracked on Liners, totaling $297.7M since 2016.
Mostly Series A: 2 of its 6 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Andreessen Horowitz's tracked rounds are concentrated in Nigeria (4), South Africa (2).
Its tracked rounds lean toward Fintech (3), Media & Entertainment (2), Crypto & Web3 (1).
Andreessen Horowitz most often shares rounds with Trinity Ventures (2 shared deals), Formation 8 (2 shared deals), BITKRAFT Ventures (1 shared deal).
Andreessen Horowitz has backed Carry1st in South Africa (media and entertainment), Yellowcard (pan-African, crypto and web3), and Branch in Nigeria (fintech). These investments span multiple rounds including seed, series A, B, C, and venture.