Funding and investors in Zambia: market analysis
Who invests in Zambia, in which sectors, with which tickets and instruments: every figure below is computed from the funding deals recorded on the platform.
6
deals recorded
2
over 12 months
5 M$
median disclosed ticket
7
identified investors
Key findings
- 6 funding deals recorded (Zambia) since 2013, involving 5 companies and 7 identified investors. 2 of them over the last 12 months (1 the previous year).
- Median disclosed ticket: 5 M$; half of the deals fall between 4.5 M$ and 9 M$ (5 amounts disclosed out of 6, 31 M$ in total).
- Where the money goes: Energy (33 %), Financial services (33 %), Fintech (17 %).
- Most frequent stage: Growth (67 %); most used instrument: Equity (50 %).
- Most active investors: Acumen (2), Verdant Capital (2), Actis (1).
- 17 % of deals are syndicated (at least two investors around the table).
Sectors
- Energy2
- Financial services2
- Fintech1
- Real estate1
Industries
- SME finance2
- Off-grid solar and solar kits2
- Neobank and digital banking1
- Industrial zones and parks1
Stages
- Growth4
- Debt1
- Series A1
Instruments
- Equity3
- Mezzanine debt2
- Senior debt1
Deals per year
| Year | Deals | Disclosed amounts |
|---|---|---|
| 2023 | 1 | 9 M$ |
| 2024 | 1 | 1.3 M$ |
| 2025 | 1 | 4.5 M$ |
| 2026 | 2 | 16.2 M$ |
Most active investors
- Acumen2 deals
- Verdant Capital2 deals
- Actis1 deal
- DEG1 deal
- Enygma Ventures1 deal
- IDF Capital’s Alitheia IDF Fund1 deal
- INOKS Capital1 deal
Latest deals
| Company | Date | Disclosed amounts | Lead |
|---|---|---|---|
| Sun King (Zambie)Off-grid solar and solar kits · Zambia · Growth | Sept 2026 | 5 M$ | Acumensource |
| LupiyaNeobank and digital banking · Zambia · Series A | Feb 2026 | 11.2 M$ | IDF Capital’s Alitheia IDF Fundsource |
| LOLC AfricaSME finance · Zambia · Growth | Apr 2025 | 4.5 M$ | Verdant Capitalsource |
| RDG CollectiveOff-grid solar and solar kits · Zambia · Debt | Sept 2024 | 1.3 M$ | Acumensource |
| LOLC AfricaSME finance · Zambia · Growth | Jun 2023 | 9 M$ | Verdant Capitalsource |
| York Commercial ParkIndustrial zones and parks · Zambia · Growth | Jan 2013 | undisclosed | Actissource |
See also
Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.