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  • Writer's pictureKelly Alica Liman

Top 7 VC Funds and Angel Investors in Senegal

Senegal's entrepreneurial scene has changed dramatically in recent years, with the rise of new startups across various industries. This evolution demonstrates the country's dedication to promoting innovation, harnessing its human resources, and capitalizing on technological developments to achieve economic growth and social progress. The entrepreneurs' increased preference for venture capital as a source of investment has been a key driver of this transition. Within this dynamic environment, venture capital firms have made a significant impact on the trajectory of new businesses and the growth of Senegal's entrepreneurial ecosystem. In this article, we have compiled a comprehensive list of top VC Funds and Angel Investors in Senegal that can provide you with the capital and support to help you succeed!





Find VC Funds and Angel Networks in Senegal
Find VC Funds and Angel Networks in Senegal

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Venture Capitalist Funds in Senegal


The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.


  • Year of Inception: 2019

  • Country: Benin, Ivory Coast, Senegal, Togo

  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Investment Range: up to $250,000

  • Notable Portfolio: Lengo AI, Masewa, Qualipharm

  • Address: Sotrac Mermoz, PG5C+XVJ, Dakar, Senegal

  • Contact


Noru Capital is a well-known venture capital firm that makes strategic investments and provides unrivaled assistance to growing entrepreneurs, helping them to achieve long-term growth and worldwide recognition through specialized coaching and financial backing.



  • Year of Inception: 2021

  • Country: Francophone Africa

  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Investment Range: up to $500,000

  • Notable Portfolio: Woluma, Kwely, Proxalys, Genimi

  • Address: Building Le Thiargane 9th floor, Mermoz Place OMVS, Police School Housing Estate, BP 15 814 Dakar-Fann, Dakar, Senegal

  • Contact


Haske Ventures is committed to revolutionizing the startup scene in Francophone Africa by offering complete assistance and bridge finance to entrepreneurs, facilitating a smooth transition from ideation to growth-stage enterprises. With a staff well-steeped in the region's economic growth requirements and a dedication to establishing scalable, sustainable, and successful enterprises, Haske Ventures serves as a catalyst for entrepreneurial success in Francophone Africa.






  • Year of Inception: 2016

  • Country: Senegal, Gambia

  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Investment Range: $80,000 - $500,000

  • Notable Portfolio: Subito, Fruital, Fa Confection, Fruits & Berries

  • Address: Dakar, Mermoz Pyrotechnics, Rue MZ 68, Dakar, Senegal

  • Contact


Teranga Capital is a pioneering investment firm that specializes in offering innovative financing options to Senegalese and Gambian entrepreneurs and small and medium-sized companies. Dedicated to supporting entrepreneurial growth and tackling the issues of long-term finance and skills, Teranga Capital provides individual coaching, technical help, and access to a network to high-potential enterprises in a variety of industries and geographies.



  • Year of Inception: 2016

  • Countries: Francophone Africa (70% Cote d’Ivoire and Senegal)

  • Stage: Series A, Series B

  • Focus: Food Innovation, Financial Inclusion, Renewables & CleanTech, Essential Services (Education & Healthcare)

  • Investment Range: $1 million - $3 million

  • Notable Portfolio: -

  • Address: Immeuble Fatou, Route de l’Aéroport, Dakar, Sénégal

  • Contact


Brightmore Capital is a reputable investment management and advising business with a strategic emphasis on Francophone West Africa. Brightmore Capital, backed by a varied team of experts, a strong network, and a dedication to creating excellent risk-adjusted returns, is well-positioned to contribute to West Africa's socioeconomic growth while adding value to its portfolio firms.



  • Year of Inception: 2006

  • Countries: West, Central and East Africa

  • Stage: Series A, Series B, Series C

  • Focus: Sector Agnostic

  • Investment Range: $5 million - $20 million

  • Notable Portfolio: Deep Drilling Company, Elton, Axis Pensions, Soproicam

  • Address: PG2G+MJ8, Rue FN 11, Dakar, Senegal

  • Contact


AFIG Funds is a premier private equity fund manager committed to creating long-term growth and profitability in high-potential African firms. AFIG Funds, with a proven track record of developing regional champions and a focus on value creation, serves as a catalyst for economic growth and prosperity across Africa.






Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.


  • Year of Inception: 2019

  • Countries: Worldwide

  • Stage: Pre Seed, Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact


Angel Match is a comprehensive database of over 90,000 investors that helps businesses find the proper backers by categorizing them by investment focus, geography, stage, and kind. With a focus on simplifying the investor discovery process, Angel Match provides a unified platform for entrepreneurs to engage with potential backers, enabling efficient and targeted investment outreach.



  • Year of Inception: 2018

  • Countries: Benin, Burkina Faso, Côte D'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

  • Stage: Pre Seed, Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Coliba

  • Contact


Dakar Network Angels (DNA) is a renowned angel network established in Senegal that focuses on investing in early-stage enterprises with strong growth potential throughout WAEMU countries. DNA's purpose is to bridge the resource gap for businesses in French-speaking Africa by providing seed fund investments, mentorship, and experience to support entrepreneurial success in the area.





Closing Thoughts on VCs and Angel Investors in Senegal


Senegal's flourishing startup ecosystem demonstrates the country's entrepreneurial spirit and dedication to using innovation as a driver for economic growth. Venture capital firms are central to this transformative journey, with their strategic investments and unwavering support helping to nurture the growth and sustainability of startups, drive job creation, and foster an innovative culture that is poised to shape Senegal's economic landscape for years to come.


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