The Innovation Fund

The Rwanda Innovation Fund (RIF) is managed by Angaza Capital, and focuses on solving Africa’s most critical sustainability challenges and needs by funding and supporting innovation and technology-based companies.

Backed by the African Development Bank, the Government of Rwanda and additional leading financiers, RIF sponsors entrepreneurs looking for the support and capital needed to grow on an international scale. Our team work hands-on with amazing entrepreneurs, accompanying them from early stages, presenting them with guidance, connections, strategy, operational support, cross-border growth support, and smart capital.

We believe in combining the power of innovation and entrepreneurship, smart capital and national support to invest in a better future and create sustainable innovation hubs all around the world.

Our team is made of global investors and entrepreneurs that have launched, led, grown, pivoted, and exited companies - sometimes with stellar success, sometimes with incredible difficulties and hardships, always with vision, focus on execution, and resilience in the face of an ever-changing environment.

Our Investment Approach

We invest in growth-stage sustainable ventures, using innovation to address vast unmet needs of the African market

Technologies and innovative business models have only recently become commercially available to the masses, ready to leapfrog old infrastructures and bridge endless gaps.
We scale the most promising, affordable, inclusive, environmental and sustainable solutions.

Leapfrogging Sectors

Agri-Tech

with over 60% of employed Africans working in agriculture, the sector is the main income and food resource of the continent. Technological advancements are needed to sustainably increase production and efficiency. Technology potential to enhance land analysis, crops yields, farmers’ income, resource and water efficiency, agricultural waste on so on has hardly started and represents a fantastic commercial and impactful opportunity.

Smart Logistics

Urbanization, a changing work environment, and the young population are driving demand for smart mobility and logistics services.

Finance-Tech

with 2/3 of the sub-Saharan population still unbanked, fin-tech companies are building financial infrastructure from the ground up, putting an important emphasis on inclusiveness.

Health-Tech

Sub-Saharan Africa accounts for a quarter of all disability and death caused by disease worldwide, yet has only 1% of global health expenditure and 3% of the world's health workers. The rapid rise of digital health technology promises to change the face of medicine across Africa, leveraging everything from AI and analytics to drones and telemedicine to expand access and make the provision of healthcare more equitable.

What Are We Looking For?

Pressing Issues

our mission is to support companies that provide solutions to Africa’s most pressing issues that are affecting millions of people throughout the continent.

Big Ideas

Innovative, technology-based solutions with high potential for scalability.

Substantial Impact

in addition to the business opportunity, we focus on companies creating a real, positive change in peoples lives.

Strong, Gender Diverse Teams

building a successful, impactful company is an intense journey, and we are looking for a dedicated, resilient team for that adventure. A diverse team is a must.

If your company meets these criteria, please use the following link to provide us with all needed information. All information provided by you is confidential and available to Angaza Capital team members only:

Apply Now

Environmental and Social Management System

Angaza, the manager for the Rwanda Innovation Fund (RIF), is committed to the highest standards of environmental, social and governance in all our investments and activities, current and future. We are committed to acting according to our Environmental and Social Management Systems and improve them from their current uncompromising state as knowledge and best practices are further accumulated. Our goal is to invest exclusively in high-growth tech businesses that have a positive impact on people, communities, the environment, and our planet. We will screen all transactions, and make sure they provide the highest reward on all social and environmental aspects.

Our CEO commits to hold everyone in our firm and value chain accountable, including each investee company for adhering with our Code of Conduct, our Values, and Environmental & Social Policy.

For further information on our ESMS and policies, please reach out at: