The German Investment Corporation, known as DEG - Deutsche Investitions- und Entwicklungsgesellschaft, is a development finance institution and wholly-owned subsidiary of KfW Group. Headquartered in Cologne, Germany, DEG has supported private-sector companies investing in developing and emerging-market countries for over 60 years. It provides financing, advice, and promotional services to foster sustainable development. DEG actively invests in African startups, with a total of $103.9M across 9 funding rounds from November 2019 to February 2026. It targets Series A and Series B stages, along with other rounds, primarily in fintech (6 investments), and also in marketing & CRM, health tech, and e-commerce & retail. Geographic focus includes South Africa (3), Kenya (3), Zambia (2), and Nigeria (1). Notable investments include Lupiya and Naked Insurance in Zambia and South Africa, respectively, alongside Lulalend, Pezesha, HelloDuty, Drugstoc, and Sky. DEG frequently co-invests with partners such as the International Finance Corporation and Alitheia IDF.
Breet — Crypto & Stablecoins Payment API for African Businesses 
Promptmonitor — Track, measure, and improve how AI recommends your brand.