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Since 2022, GSMA Innovation Fund has backed 8 African startups across 8 disclosed funding rounds totaling $1.7M, most heavily in Nigeria and Agri Tech.
The GSMA Innovation Fund is a grant funding vehicle run by the GSMA’s Mobile for Development initiative to support digital and mobile technology solutions that address key global challenges in low and middle income countries. It operates as an equity free fund, providing grants and technical assistance to start ups, small and medium enterprises and social enterprises. The fund is hosted by GSMA, which is headquartered in London, United Kingdom. In Africa, the GSMA Innovation Fund provides grant funding to technology innovators working across sectors such as agri tech, fintech, health tech, edtech and e commerce. Based on recorded activity, the fund has deployed around 1.6 million dollars in grants between April 2021 and February 2026, across ten funding rounds. All recorded investments take the form of grants, with a geographic focus that includes Nigeria, Uganda, Kenya, Morocco, Ghana and Rwanda. Portfolio companies backed by the GSMA Innovation Fund in Africa include Cherehani Labs in Kenya, DeepEcho in Morocco, Metaschool AI in Ghana, Helium Health and PricePally in Nigeria, Save in Rwanda, Ensibuuko in Uganda, Crop2Cash in Nigeria and CoAmana in Nigeria. These organisations use mobile and digital tools to deliver solutions for livestock health, maternal health, digital education, healthcare delivery, savings and credit, rural e commerce and smallholder farmer services. Across these investments, the fund targets commercially viable digital solutions that can be scaled to reach more users in underserved markets.
Data updated · Sep 17, 2026
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GSMA Innovation Fund has backed 8 African startups across 8 disclosed funding rounds tracked on Liners, totaling $1.7M since 2022.
Mostly Grant: 8 of its 8 tracked rounds are at that stage.
Its tracked rounds lean toward Agri Tech (3), Health Tech (2), EdTech (1), and 2 more sectors.
The GSMA Innovation Fund operates as a grant funding vehicle under GSMA’s Mobile for Development initiative. It provides equity free grants and tailored technical assistance to start ups, small and medium enterprises and social enterprises that use mobile and digital technologies to address global challenges in low and middle income countries.
Notable African portfolio companies backed by the GSMA Innovation Fund include Cherehani Labs, DeepEcho, Metaschool AI, Helium Health, Save, Ensibuuko, PricePally, Crop2Cash and CoAmana. These organisations use mobile and digital technology to deliver solutions ranging from livestock diagnostics and climate smart agriculture to digital health, savings groups platforms, online education and rural commerce.
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