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Since 2019, Newfund has backed 5 African startups across 7 disclosed funding rounds totaling $65.4M, most heavily in Logistics & Supply Chain.
Newfund is an entrepreneurial venture capital firm focused on early stage investments, with a dual presence in Paris and Silicon Valley. It was founded in 2008 and positions itself as one of the first early stage VC firms operating between France and the United States. The firm manages several hundred million dollars in assets and concentrates on backing founders with an international mindset. In Africa, Newfund has been an active seed investor between April 2021 and September 2025, participating in five funding rounds totaling 12.3 million dollars. The firm has focused on seed stage financings and has backed companies in Côte d’Ivoire, Morocco, Kenya, and Mali. Its African portfolio includes logistics and supply chain, cybersecurity, AI and analytics, and insurtech, reflected in investments in Fleeti, Nucleon Security, Rwazi, and OKO Finance. Across its African activity, Newfund has consistently co invested with other institutional and impact oriented investors, including regional funds and international venture firms. This pattern highlights a collaborative approach to financing technology enabled businesses in emerging markets, particularly in sectors that support operational efficiency, data driven decision making, and climate resilient agriculture.
Data updated · Sep 16, 2026
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Newfund has backed 5 African startups across 7 disclosed funding rounds tracked on Liners, totaling $65.4M since 2019.
Mostly Seed: 5 of its 7 tracked rounds are at that stage, followed by Series B (1).
Companies Newfund has backed operate in Côte d'Ivoire (3), Mauritius (3), Morocco (3), and 13 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 Logistics & Supply Chain (2), Fintech (2), Cybersecurity (1), and 2 more sectors.
Newfund most often shares rounds with Janngo (2 shared deals), Flourish Ventures (2 shared deals), Speedinvest (2 shared deals).
Confirmed African portfolio companies backed by Newfund include Nucleon Security, Fleeti, Rwazi, and OKO Finance. These startups operate in cybersecurity, logistics and supply chain, AI and analytics, and insurtech respectively.
Newfund often participates in seed rounds alongside other investors. Co investors in its African deals have included Janngo, CDG Invest, 212 Founders, LoftyInc Capital, Orange Ventures, AXIAN, PG Développement, Proparco, Alumni Ventures, Bonfire Ventures, MapInvest, Groupe Clim, SkalePark, Mercy Corps Ventures, and ImpactAssets.
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