How many companies are there in Ethiopia?

As of Nov 2026, there are 2,258 companies in Ethiopia.

How many companies in Ethiopia have received funding?

As of Nov 2026, a total of 240 companies in Ethiopia have secured funding.

Who are the top investors in Ethiopia?

Europa is the top investor in companies in Ethiopia, participating in 160 funding rounds, followed by HHS (48) and USAID (27).

How many acquisitions have taken place in Ethiopia?

As of Nov 2026, Ethiopia has seen a total of 5 acquisitions.

Startups in Ethiopia - 2026 Latest Funding Rounds, Trends and News

Most viewed in 2019

Ethiopia has over 2,258 startups across the country. Of these, 240 are funded companies that have collectively raised $1.74B in venture capital and private equity. A total of 85 investors have participated in 341 funding rounds, with 8 startups securing early-stage funding. In the last five years, 474 new companies have been founded. Startups in Ethiopia have witnessed 5 acquisitions and 11 IPOs, while 321 startups wrapped up operations. Additionally, 34 companies have been founded by women.

Key Metrics

Total Companies

2.26K

Top Companies

Ethiopian Airlines, Cerberus Capital Management & 3 more

Total Funding

$1.74B

Funded Companies

240

Series A+ Companies

IPOs

Acquisitions

View complete details of startups in Ethiopia

Ethiopian Airlines is the top company in Ethiopia, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in Ethiopia:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Ethiopian Airlines	Provider of air transport services, including passenger flights, cargo services, and in-flight amenities	Addis Ababa (Ethiopia)	1945	Funding Raised	-
Cerberus Capital Management	Private equity and debt firm focused on multiple sectors	New York City (United States)	1992	Unfunded	-
Gebeya	Pre-assessed tech talent sourcing platform	Addis Ababa (Ethiopia)	2016	Seed	$4M
Ethio telecom	Provider of mobile internet, VAS, and other services	Addis Ababa (Ethiopia)	1894	Unfunded	-
Awash Bank	Commercial bank	Addis Ababa (Ethiopia)	1995	Unfunded	-

Get a longer list of companies

In the year 2026, till November 2026, undefined has been raised in 1 equity funding round across Ethiopia. In the same period last year (i.e. till May 2025), undefined had been raised across 1 round in Ethiopia. So, 2026 has seen a NaN% drop in funding in companies of Ethiopia as compared to 2025.

Here are some recent, important funding rounds in Ethiopia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Kifiya	Seed	7832	Nov 09, 2026	IFC
Beemi	Seed	4252	May 29, 2025	Renew Capital
ChipChip	Seed	1688	Oct 08, 2024	Renew Capital
Cooperative Bank of Oromia	PE	4823	Jul 08, 2024	FMO
ESX	Seed	3581	Apr 08, 2024	NGX Group

See a more detailed list of funding rounds

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2.3K+ Total Companies
$1.74B+ Total Funding
235+ Funded Companies
10+ IPOs
5 Acquisitions

Europa is the top investor in companies of Ethiopia based on number of companies invested.

Here are some top investors in Ethiopia:

Investor	Location	Top Portfolio Companies
Europa	Belgium	African Union, Africacdc and Ephi
HHS	Washington, DC (United States)	Africacdc, Ephi and ASLM
USAID	Washington, DC (United States)	African Union, Precise and Ethiopian Medical Ass
GrowthAfrica	Nairobi (Kenya)	Deliver Addis, YenePay and Whiz Kids Workshop
iceaddis	Addis Ababa (Ethiopia)	Berbera Market, 3BL Enterprises and PayWay

See a more detailed list of investors

In the year 2024, till January 2024, 1 acquisition happened in Ethiopia.

Here are some recent, important acquisitions in Ethiopia:

Company	Acquisition Type	Acquisition Date	Acquirers
HelloCash	Business Acquisition	Jan 31, 2024	team.blue
Apposit	Business Acquisition	Jan 22, 2020	Paga
National Tobacco Enterprise	Business Acquisition	Dec 21, 2017	Japan Tobacco
Awash Wine	Business Acquisition	Jul 2013	8 Miles
Yes Brands	Business Acquisition	May 13, 2013	Catalyst Principal Partners