African Development Bank

Venture Capital

Multilateral development finance institution founded in 1964 supporting Africa's economic development through loans, equity, and technical assistance.

Abidjan · 3+ investments · 3 portfolio companies

Early Stage
Growth
Agtech
Energy
Financial Services
Healthcare
Infrastructure
Headquarters
Abidjan
Founded
1964
Website
afdb.org
AUM
$43.4B
Portfolio Companies
3
Total Investments
3
Last Investment
Jan 2025
Geographic Focus
Africa

Investment Thesis

Finances infrastructure, private sector development, and regional integration across Africa; commits ~25% of portfolio to private sector with focus on early- to growth-stage investments.

African Development Bank is a Venture Capital firm based in Abidjan. It has made 3 investments, including Powergen Renewable Energy, OCP and Apis Partners. Focus areas include Agtech and Energy.

Portfolio3

Co-investors11

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11 co-investors across 11 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×8 · Other ×1 · Family Office ×1 · 6 shared rounds

Investment History

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