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Since 2021, Newfund has backed 3 African startups across 3 disclosed funding rounds totaling $8.2M, most heavily in Morocco and Cybersecurity.
Newfund is an entrepreneurial venture capital firm investing in early stage companies. According to its official materials, Newfund is a French American VC with operations in Paris and Silicon Valley, focused on backing technology driven founders at the seed stage. The firm manages several funds and has invested in more than one hundred startups in France and the United States. In Africa, Newfund has participated in at least three seed funding rounds, allocating a total of 8.2 million dollars across early stage technology companies. These include Nucleon Security, an AI powered zero trust endpoint security provider in Morocco, Rwazi, a Kenya based platform for real time consumer signals and business analytics, and OKO Finance in Mali, which offers parametric crop cover products that pay out when weather conditions fail. Across these investments, Newfund has backed cybersecurity, AI and analytics, and insurtech solutions, with a clear focus on seed stage financing. Newfund often invests alongside other institutional and impact oriented investors, including regional funds, global venture firms, and accelerators. Co investors in its African deals have included organizations such as CDG Invest, 212 Founders, LoftyInc Capital, Orange Ventures, AXIAN, Alumni Ventures, Bonfire Ventures, Mercy Corps Ventures, ImpactAssets, RésiliAnce, and Techstars, reflecting an ability to syndicate cross border rounds and support companies operating in challenging markets.
Data updated · Jul 29, 2026
Newfund has backed 3 African startups across 3 disclosed funding rounds tracked on Liners, totaling $8.2M since 2021.
Mostly Seed: 3 of its 3 tracked rounds are at that stage.
Its tracked rounds lean toward Cybersecurity (1), AI & Analytics (1), Insurtech (1).
Newfund most often shares rounds with CDG Invest (1 shared deal), 212 Founders (1 shared deal), LoftyInc Capital (1 shared deal).
Based on available investment data, Newfund has backed three African companies at the seed stage. These are Nucleon Security in Morocco, Rwazi in Kenya, and OKO Finance in Mali.