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Since 2021, Hustle Fund has backed 11 African startups across 12 disclosed funding rounds totaling $16.9M, most heavily in Nigeria and Fintech.
Hustle Fund is an early-stage venture capital firm that invests in pre-seed and seed startups. The firm is based in San Carlos, California. It supports founders through operational knowledge from its team of former entrepreneurs and offers programs like Angel Squad for angel investors and Emerging Founder School for underestimated students. Hustle Fund has made selective investments in Africa, including five funding rounds totaling $6.8 million from July 2021 to July 2023. These span seed (three rounds), angel (one), and other stages (one), with a focus on Nigeria (three investments), Kenya (one), and South Africa (one). Sectors include fintech (three), health tech (one), and communication and social (one). Companies backed include Clafiya in health tech (Nigeria), Fingo Africa in fintech (Kenya), Sendchamp in communication and social (Nigeria), rivy in fintech (Nigeria), and Akiba in fintech (South Africa). The firm has co-invested with partners such as HoaQ, Future Africa, and Microtraction.
Data updated · Jul 29, 2026
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Hustle Fund has backed 11 African startups across 12 disclosed funding rounds tracked on Liners, totaling $16.9M since 2021.
Mostly Seed: 8 of its 12 tracked rounds are at that stage, followed by Pre-Seed (2).
Hustle Fund's tracked rounds are concentrated in Nigeria (6), Kenya (2), South Africa (2), and 2 more countries.
Its tracked rounds lean toward Fintech (5), Health Tech (2), Crypto & Web3 (2), and 3 more sectors.
Hustle Fund most often shares rounds with Microtraction (2 shared deals), HoaQ (2 shared deals), Future Africa (2 shared deals).
Hustle Fund has backed Clafiya (health tech, seed, $610K, Jul 2023), Sendchamp (communication and social, angel, $100K, Dec 2021), and rivy (fintech, other, $1.0M, Jul 2021) in Nigeria.
Hustle Fund is based in San Carlos, California. It primarily invests in the United States, Canada, Southeast Asia, and selectively in Africa and Latin America.