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Since 2018, CDC Group has backed 5 African startups across 7 disclosed funding rounds totaling $365.2M, most heavily in Kenya and Fintech.
CDC Group, now renamed British International Investment, is the United Kingdom’s development finance institution and impact investor, wholly owned and funded by the UK Government. It focuses on supporting the sustainable, long term growth of businesses in emerging economies, particularly in Africa and South Asia. CDC Group is based in the United Kingdom and has been investing for more than 70 years. In Africa, CDC Group invests in private businesses at a range of growth stages, including venture rounds, Series B, and Series C. Its recorded investments between 2018 and 2022 include commitments to high growth companies in Kenya, Ghana, Nigeria, and South Africa, with a particular focus on fintech, health technology, agriculture, and retail and distribution. During this period, CDC Group participated in seven funding rounds totaling 365.2 million dollars. Within this activity, CDC Group has backed companies such as M-KOPA in Kenya, Apollo Agriculture in Kenya, TradeDepot in Nigeria, Onafriq in South Africa, and mPharma in Ghana. These investments align with its mandate to expand access to digital financial services, agricultural finance and inputs, interoperable payments, and affordable healthcare across African markets, while supporting job creation and broader economic development.
Data updated · Aug 17, 2026
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CDC Group has backed 5 African startups across 7 disclosed funding rounds tracked on Liners, totaling $365.2M since 2018.
Mostly Venture (Round not Specified): 4 of its 7 tracked rounds are at that stage, followed by Series B (2).
Its tracked rounds lean toward Fintech (4), Health Tech (2), Agri Tech (1), and 1 more sector.
CDC Group most often shares rounds with Endeavor Catalyst (3 shared deals), LGT Venture Philanthropy (2 shared deals), Generation Investment Management (2 shared deals).
CDC Group’s official website is confirmed as www.cdcgroup.com. The institution has since rebranded as British International Investment, but this URL remains the primary online presence for information about its activities.
CDC Group is the United Kingdom’s development finance institution and impact investor, wholly owned and funded by the UK Government. It focuses on supporting sustainable, long term private sector growth in emerging economies, with a particular emphasis on Africa and South Asia.