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Since 2016, E3 Capital has backed 8 African startups across 16 disclosed funding rounds totaling $55.6M, most heavily in South Africa and Energy & Utilities.
E3 Capital is a venture capital firm based in Nairobi, Kenya, according to its official website. The firm presents itself as an investor in early-stage African companies, with a portfolio focused on innovative business models in energy and climate-related sectors. Based on the investment records provided, E3 Capital has invested across Seed, Series A, Series B, Series A Extension, Venture Round, and Convertible Note stages. Its Africa activity is concentrated in South Africa and Kenya, with additional investments in Nigeria and Morocco. The firm’s backing has been most visible in Energy & Utilities, followed by Telecom & Connectivity, AI & Analytics, E-commerce & Retail, Agri Tech, and Fintech. The official website states that E3 Capital has a portfolio of 25 companies and notes exits including d.light to Shell New Energies and PayGo Energy to Sun King. The firm’s portfolio and backing patterns are consistent with a focus on digitized, decentralized, and decarbonized business models in Africa.
Data updated · Aug 10, 2026
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E3 Capital has backed 8 African startups across 16 disclosed funding rounds tracked on Liners, totaling $55.6M since 2016.
Mostly Seed: 6 of its 16 tracked rounds are at that stage, followed by Series A (5).
E3 Capital's tracked rounds are concentrated in South Africa (7), Kenya (7), Nigeria (1), and 1 more country.
Its tracked rounds lean toward Energy & Utilities (8), Telecom & Connectivity (3), AI & Analytics (2), and 3 more sectors.
E3 Capital most often shares rounds with Fireball Capital (5 shared deals), Secha Capital (2 shared deals), Satgana (2 shared deals).
The provided records show E3 Capital backing companies including Plentify, Open Access Energy, Cutstruct, Insight Terra, YoLa Fresh, Untapped, Mawingu, and PayGo Energy. These companies span energy, connectivity, agri tech, fintech, and software-related themes in Africa.