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.
8
deals recorded
2
over 12 months
4.5 M$
median disclosed ticket
10
identified investors
Key findings
- 8 funding deals recorded (Zambia) since 2013, involving 7 companies and 10 identified investors. 2 of them over the last 12 months (1 the previous year).
- Median disclosed ticket: 4.5 M$; half of the deals fall between 825 k$ and 7 M$ (7 amounts disclosed out of 8, 31.6 M$ in total).
- Where the money goes: Financial services (38 %), Energy (25 %), E-commerce (13 %).
- Most frequent stage: Growth (50 %); most used instrument: Equity (50 %).
- Most active investors: Acumen (2), Enygma Ventures (2), Verdant Capital (2).
- 25 % of deals are syndicated (at least two investors around the table).
Sectors
- Financial services3
- Energy2
- E-commerce1
- Fintech1
- Real estate1
Industries
- SME finance2
- Off-grid solar and solar kits2
- B2B e-commerce1
- Microfinance1
- Neobank and digital banking1
Stages
- Growth4
- Debt1
- Pre-Seed1
- Series A1
Instruments
- Equity4
- Mezzanine debt2
- Senior debt1
Deals per year
| Year | Deals | Disclosed amounts |
|---|---|---|
| 2023 | 1 | 9 M$ |
| 2024 | 3 | 1.9 M$ |
| 2025 | 1 | 4.5 M$ |
| 2026 | 2 | 16.2 M$ |
Most active investors
- Acumen2 deals
- Enygma Ventures2 deals
- Verdant Capital2 deals
- Actis1 deal
- Change-Com1 deal
- DEG1 deal
- IDF Capital’s Alitheia IDF Fund1 deal
- INOKS Capital1 deal
- Launch Africa Ventures1 deal
- Renew 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 |
| PremierCreditMicrofinance · Zambia | Jul 2024 | 230 k$ | Enygma Venturessource |
| Bosso AfricaB2B e-commerce · Zambia · Pre-Seed | May 2024 | 400 k$ | Launch Africa Venturessource |
| 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.