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Since 2018, Proparco has backed 14 African startups across 18 disclosed funding rounds totaling $219.4M, most heavily in South Africa and Fintech.
Proparco is France’s development finance institution dedicated to the private sector and is part of the Agence Française de Développement (AFD) Group. It is organized as a joint stock company and has its headquarters at 151 rue Saint Honoré in Paris, France. Proparco finances and supports businesses and financial institutions across Africa, Asia, Latin America, Eurasia and the Middle East. In Africa, Proparco focuses on promoting sustainable economic, social and environmental development by providing loans, equity investments and guarantees to private sector companies and financial institutions. Its activity in African technology and infrastructure includes investments at seed, Series A, Series B and other venture stages, backing fintech, agri tech, logistics and supply chain, energy and utilities, e commerce and retail, HR and talent, and travel and mobility companies. The portfolio includes African innovators such as Cauridor, Littlefish, Beacon Power Services, Rubyx, Complete Farmer, ANKA, Maad, Workpay, Jetstream, Paps, Max Drive and JUMO, with a strong geographic focus on markets such as South Africa, Ghana, Nigeria, Senegal, Guinea, Côte d’Ivoire and Algeria. Proparco reports that Africa is a primary region of intervention, with nearly half of its global commitments directed to the continent in recent years. As the private sector arm of the AFD Group, it targets projects that foster job creation, inclusive growth and climate friendly development, often working alongside other development finance institutions and impact investors to catalyze additional capital for African businesses.
Data updated · Aug 16, 2026
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Proparco has backed 14 African startups across 18 disclosed funding rounds tracked on Liners, totaling $219.4M since 2018.
Mostly Seed: 5 of its 18 tracked rounds are at that stage, followed by Series A (4).
Proparco's tracked rounds are concentrated in South Africa (4), Senegal (4), Ghana (4), and 6 more countries.
Its tracked rounds lean toward Fintech (8), Logistics & Supply Chain (4), Agri Tech (3), and 5 more sectors.
Proparco most often shares rounds with Finnfund (4 shared deals), Flourish Ventures (3 shared deals), LoftyInc Capital (3 shared deals).
Proparco is France’s development finance institution dedicated to the private sector and the private sector arm of the Agence Française de Développement Group. It provides financing and support through loans, equity investments and guarantees to businesses and financial institutions in developing regions, including Africa. Its headquarters are in Paris, France.