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Since 2021, DEG (Germany) has backed 21 African startups across 22 disclosed funding rounds totaling $4.7M, most heavily in Kenya and Fintech.
DEG, short for Deutsche Investitions- und Entwicklungsgesellschaft mbH, is Germany’s development finance institution and a subsidiary of KfW. It is headquartered in Cologne, Germany, and focuses on financing and supporting private-sector companies in developing and emerging markets. In Africa, DEG’s recorded activity shows investments across grants and one venture round, with a strong emphasis on early-stage support. The portfolio data provided shows activity from September 2021 to February 2026, 22 funding rounds totaling $4.5 million, with the largest share in Kenya, followed by Rwanda and Tanzania. Sector exposure in the records is broad, led by fintech and health tech, with additional investments in agri tech, e-commerce and retail, HR and talent, communication and social, travel and mobility, and insurtech. The listed backings include companies such as eProd, SaveDirectly, Sevi, TanzMED, VunaPay, Oze, Julaya, Medbook, Briisk, and PricePally.
Data updated · Aug 11, 2026
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DEG (Germany) has backed 21 African startups across 22 disclosed funding rounds tracked on Liners, totaling $4.7M since 2021.
Mostly Grant: 21 of its 22 tracked rounds are at that stage, followed by Venture Round (1).
Its tracked rounds lean toward Fintech (7), Health Tech (6), Agri Tech (3), and 5 more sectors.
DEG (Germany) most often shares rounds with Visa (1 shared deal), Speedinvest (1 shared deal), AfricInvest (1 shared deal).
DEG is Germany’s development finance institution and a subsidiary of KfW. It is headquartered in Cologne, Germany.
The companies listed in the Africa portfolio include eProd, SaveDirectly, Sevi, TanzMED, VunaPay, Black Swan, eFiche, 1000 Hills Products, Jahazii, Pindo, Laina Finance, Oze, Melanin Kapital, SASAdoctor, Dawa Mkononi, KIRI EV, Julaya, Medbook, Briisk, Wazi, and PricePally.