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Since 2019, Mercy Corps Ventures has backed 9 African startups across 13 disclosed funding rounds totaling $17.6M, most heavily in Insurtech.
Mercy Corps Ventures is the impact investing arm of global development agency Mercy Corps and operates as a family of early stage impact funds focused on climate adaptation and resilience solutions for underserved communities in emerging markets. It is an impact investor and venture capital platform that backs visionary early stage founders building climate and financial resilience. In Africa, Mercy Corps Ventures invests primarily at the pre seed and seed stages, with activity also at Series A and unspecific venture rounds, as well as selected pre seed and seed bridge rounds. The firm has backed companies across Kenya, Senegal, Tanzania, Cameroon, Mali, and Nigeria, with a focus that includes insurtech, logistics and supply chain, agri tech, fintech, AI and analytics, marketing and CRM, and crypto and Web3 solutions. Its African portfolio includes ventures such as Logidoo, MazaoHub, Agrails, Tappi, Bitmama, Ejara, OKO Finance, ImaliPay, and Turaco. Mercy Corps Ventures typically co invests alongside other impact and venture capital partners, reflecting a collaborative approach to early stage investing in frontier markets. Co investors across its African deals include organizations such as Impacc, DOB Equity, Anthemis Group, Lateral Frontiers, CoinShares Ventures, RésiliAnce, Techstars, ImpactAssets, ELEA, Catalyst Fund, Nordic Impact Funds, Chui Ventures, Norrsken Impact Accelerator, SOSV, and GrowX Ventures.
Data updated · Sep 14, 2026
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Mercy Corps Ventures has backed 9 African startups across 13 disclosed funding rounds tracked on Liners, totaling $17.6M since 2019.
Mostly Seed: 8 of its 13 tracked rounds are at that stage, followed by Venture (Round not Specified) (2).
Companies Mercy Corps Ventures has backed operate in Côte d'Ivoire (6), Mali (6), Nigeria (6), and 21 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Insurtech (4), Logistics & Supply Chain (2), Agri Tech (2), and 4 more sectors.
Mercy Corps Ventures most often shares rounds with Impacc (2 shared deals), DOB Equity (2 shared deals), Anthemis Group (2 shared deals).
Mercy Corps Ventures has backed multiple companies across African markets, including Logidoo in Senegal, MazaoHub and Turaco in Tanzania and Kenya, Agrails and Tappi in Kenya, Bitmama in Nigeria, Ejara in Cameroon, OKO Finance in Mali, and ImaliPay in Kenya. These ventures provide solutions ranging from logistics and soil testing to embedded insurance, fintech, AI insights, and crypto powered financial services.