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Since 2021, DEG (Germany) has backed 20 African startups across 21 disclosed funding rounds totaling $4.6M, most heavily in Kenya and Fintech.
DEG, Deutsche Investitions- und Entwicklungsgesellschaft mbH, is a development finance institution and subsidiary of KfW Group that provides long term financing and advisory services to private companies operating in developing and emerging markets. DEG is headquartered in Cologne, Germany, and focuses on promoting sustainable private sector growth. In Africa, DEG supports businesses through both grants and venture funding, with recorded activity between September 2021 and February 2026 across 23 funding rounds. The organization has backed companies primarily at the grant stage, along with one venture round, across fintech, health tech, agri tech, e commerce and retail, HR and talent, communication and social, quick commerce, travel and mobility, and insurtech. Within this portfolio, DEG has a strong geographic focus on Kenya, Rwanda, Tanzania, and other African markets including Mauritius, Ghana, Côte d’Ivoire, South Africa, and Nigeria. DEG’s African portfolio includes innovative startups such as Julaya, Medbook, Briisk, PricePally, Wazi, KIRI EV, and several others that address financial inclusion, healthcare access, sustainable mobility, and digital commerce. Through these investments, DEG aims to support private enterprises that contribute to development impact and economic transformation.
Data updated · Sep 15, 2026
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DEG (Germany) has backed 20 African startups across 21 disclosed funding rounds tracked on Liners, totaling $4.6M since 2021.
Mostly Grant: 20 of its 21 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 4 more sectors.
DEG (Germany) most often shares rounds with Visa (1 shared deal), Speedinvest (1 shared deal), AfricInvest (1 shared deal).
DEG, Deutsche Investitions- und Entwicklungsgesellschaft mbH, is a German development finance institution and a subsidiary of KfW Group that finances and advises private sector companies in developing and emerging markets. It focuses on supporting sustainable private sector growth through long term financing and advisory services.
DEG has backed a range of African companies, including Julaya in Côte d’Ivoire, Medbook and Wazi in Kenya, Briisk in South Africa, PricePally in Nigeria, KIRI EV in Kenya, and several other fintech, health tech, agri tech, and e commerce ventures across Kenya, Rwanda, Tanzania, Mauritius, and Ghana. These investments reflect DEG’s focus on impactful, technology driven business models that support financial inclusion, healthcare, agriculture, mobility, and digital trade.
According to official information, DEG is headquartered in Cologne, Germany, and operates as a development finance institution within KfW Group. It works globally with private enterprises that invest in developing and emerging economies, and its African portfolio, as reflected in recent investments, spans multiple countries and impact focused technology sectors.
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