About SaaS sector in Ethiopia
The SaaS sector in Ethiopia comprises 52 companies, including 5 funded companies having collectively raised $125K in venture capital money and private equity.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.
Companies included in SaaS
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc.Companies excluded in SaaS
1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Top SaaS Companies in Ethiopia
There are more than 52 companies in SaaS in Ethiopia. Orbit Health is the top SaaS company in Ethiopia, ranked using Tracxn Score (what's this?).
Here are 5 of the top SaaS companies in Ethiopia:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Cloud-based healthcare practice management and administration solutions | Addis Ababa (Ethiopia) | 2016 | Seed | - | |
Provider of software solutions for e-commerce businesses | Addis Ababa (Ethiopia) | 2020 | Unfunded | - | |
Offers a web-based marketplace connecting shippers and transporters | Addis Ababa (Ethiopia) | 2020 | Funding Raised | - | |
Provider of web-based marketplace connecting shippers & carriers | Addis Ababa (Ethiopia) | 2019 | Seed | - | |
Cloud-based ERP software and process management solutions for businesses | Addis Ababa (Ethiopia) | 2024 | Unfunded | - |
Companies founded year-on-year in the SaaS sector in Ethiopia
9 SaaS startups in Ethiopia were founded in 2024 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 9 |
2023 | 5 |
2022 | 5 |
2021 | 7 |
2020 | 7 |
2019 | 2 |
2018 | 3 |
2017 | 1 |
Funding Trends in the SaaS sector in Ethiopia
Recent Funding Rounds in SaaS in Ethiopia
In the year 2021, till September 2021, SaaS companies in Ethiopia have raised equity funding across 1 round.
In the same period last year (i.e. till September 2020), SaaS companies in Ethiopia had raised equity funding across 1 round.
Here are some recent, important funding rounds in SaaS companies in Ethiopia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 8986 | Sep 20, 2021 | ||
Seed | 6684 | Sep 29, 2020 | ||
Seed | 4927 | Dec 09, 2019 | and 1 more | |
Seed | 2915 | Jun 01, 2019 |
Top Investors in SaaS in Ethiopia
Renew Capital is the top investor in SaaS companies in Ethiopia based on number of companies invested.
Here are some top investors in SaaS companies in Ethiopia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Addis Ababa (Ethiopia) | - | |
Frankfurt Am Main (Germany) | - | |
New York City (United States) | - | |
Addis Ababa (Ethiopia) | ||
Addis Ababa (Ethiopia) |