Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2019, MSA Capital has backed 11 African startups across 16 disclosed funding rounds totaling $318.4M, most heavily in Egypt and E-commerce & Retail.
MSA Capital is a global investment firm founded in 2014. It focuses on private venture and growth assets, managing over USD 2 billion. The firm invests in innovative companies across biotechnology, core technology, and consumer sectors, and is based in Beijing, China. Between December 2019 and December 2021, MSA Capital invested $124.9 million across 11 funding rounds, primarily at the seed stage (8 rounds), with some series A and series B investments. The firm targeted e-commerce and retail (6 investments), fintech (5), and AI and analytics (1), with a geographic focus on Egypt (5), Nigeria (3), Kenya (1), pan-African (1), and Ghana (1). Notable investments include TradeDepot (Nigeria, series B), Rabbit (Egypt, seed), Pawapay (pan-African, seed), Homzmart (Egypt, series A), and Nowpay (Egypt, seed). MSA Capital frequently co-invested with firms such as 4DX Ventures (4 rounds), Kepple Africa Ventures (3 rounds), and International Finance Corporation (2 rounds).
Data updated · Mar 27, 2026
Sign in to see all 11 portfolio products
Free account — full portfolios, timelines, and the weekly funding digest
Sign in to see all 16 rounds
Free account — full portfolios, timelines, and the weekly funding digest
MSA Capital has backed 11 African startups across 16 disclosed funding rounds tracked on Liners, totaling $318.4M since 2019.
Mostly Seed: 9 of its 16 tracked rounds are at that stage, followed by Series A (3).
Its tracked rounds lean toward E-commerce & Retail (5), Logistics & Supply Chain (4), Fintech (4), and 2 more sectors.
MSA Capital most often shares rounds with Foundation Ventures (5 shared deals), 4DX Ventures (4 shared deals), TLcom Capital (3 shared deals).
MSA Capital backed Rabbit, Homzmart, Nowpay, and Thndr in Egypt. These span e-commerce, retail, and fintech sectors.