How many companies are there in Malawi?

As of May 2026, there are 439 companies in Malawi.

How many companies in Malawi have received funding?

As of May 2026, a total of 71 companies in Malawi have secured funding.

Who are the top investors in Malawi?

HHS is the top investor in companies in Malawi, participating in 35 funding rounds, followed by Europa (25) and U.S. Department of State (5).

How many acquisitions have taken place in Malawi?

As of May 2026, Malawi has seen a total of 3 acquisitions.

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

Malawi has over 439 startups across the country. Of these, 71 are funded companies that have collectively raised $477M in venture capital and private equity. A total of 43 investors have participated in 112 funding rounds, with 4 startups securing early-stage funding. In the last five years, 42 new companies have been founded. Startups in Malawi have witnessed 3 acquisitions and 4 IPOs, while 81 startups wrapped up operations.

Key Metrics

Total Companies

439

Top Companies

TNM, NBS Bank & 3 more

Total Funding

$477M

Funded Companies

Series A+ Companies

IPOs

Acquisitions

View complete details of startups in Malawi

TNM is the top company in Malawi, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in Malawi:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
TNM	Provider of internet services	Blantyre (Malawi)	1995	Unfunded	-
NBS Bank	Commercial bank	Blantyre (Malawi)	1964	Funding Raised	-
FDH Financial Holdings	Commercial Bank	Blantyre (Malawi)	2002	Early Stage	$7.5M
Yellow	Provider of digital platform for informal merchants in Africa	Lilongwe (Malawi)	2018	Series B	$20M
Malawi	Provider of official government information and services	Malawi	-	Unfunded	-

Get a longer list of companies

In the year 2024, till October 2024, $9.5M has been raised in 3 equity funding rounds across Malawi. In the same period last year (i.e. till June 2023), $14M had been raised across 2 rounds in Malawi. So, 2024 has seen a 32.14% drop in funding in companies of Malawi as compared to 2023.

Here are some recent, important funding rounds in Malawi:

Company	Round Raised	Amount Raised	Funding Date	Investors
14Trees	Series A	6197	Oct 09, 2024	The Climate Pledge and 1 more
Yellow	Series B	5055	Sep 26, 2024	Acumen
FDH Financial Holdings	PE	7301	Jan 16, 2024	FMO
Yellow	Series B	2305	Jun 19, 2023	Convergence Partners and 3 more
Yellow	Series B	8659	Apr 20, 2023	-

See a more detailed list of funding rounds

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435+ Total Companies
$477M+ Total Funding
70+ Funded Companies
4 IPOs
3 Acquisitions

HHS is the top investor in companies of Malawi based on number of companies invested.

Here are some top investors in Malawi:

Investor	Location	Top Portfolio Companies
HHS	Washington, DC (United States)	National AIDS Commission, University of Malawi and The Lighthouse Trust
Europa	Belgium	LUANAR, University of Malawi and MUST
U.S. Department of State	Washington (United States)	National AIDS Commission, IPOR and Uhb
Africap	Houston (United States)	NBS Bank, Sanguo Ventures and NICO Holdings
Hivos Impact Investments	The Hague (Netherlands)	Ziweto and Hortinet

See a more detailed list of investors

In the year 2022, till April 2022, 1 acquisition happened in Malawi.

Here are some recent, important acquisitions in Malawi:

Company	Acquisition Type	Acquisition Date	Acquirers
FES	Business Acquisition	Apr 22, 2022	Phatisa and 3 more
Vitafoam	Business Acquisition	Jan 10, 2019	Catalyst Principal Partners
New Finance Bank	Business Acquisition	Jul 24, 2017	Mybucks