How many companies are there in Rwanda?

As of Apr 2026, there are 1,048 companies in Rwanda.

How many companies in Rwanda have received funding?

As of Apr 2026, a total of 216 companies in Rwanda have secured funding.

How many acquisitions have taken place in Rwanda?

As of Apr 2026, Rwanda has seen a total of 13 acquisitions.

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

Rwanda has over 1,048 startups across the country. Of these, 216 are funded companies that have collectively raised $463M in venture capital and private equity. A total of 154 investors have participated in 181 funding rounds, with 10 startups securing early-stage funding. In the last five years, 128 new companies have been founded, raising over $20.5M in funding. Startups in Rwanda have witnessed 12 acquisitions and 3 IPOs, while 172 startups wrapped up operations. Additionally, 37 companies have been founded by women.

Key Metrics

Total Companies

1.05K

Top Companies

Norrsken Foundation, Open Campus & 3 more

Total Funding

$463M

Funded Companies

216

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

View complete details of startups in Rwanda

Norrsken Foundation is the top company in Rwanda, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in Rwanda:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Norrsken Foundation	Venture capital firm investing in seed and series A startups	Stockholm (Sweden)	2016	Unfunded	-
Open Campus	Community-led blockchain protocol for education sector	Kigali (Rwanda)	2023	Series B	$8.15M
RwandAir	Operator of passenger airlines	Kigali (Rwanda)	2002	Funding Raised	-
Admaius Capital Partners	Provider of private equity investment focused on economic transformation	Kigali (Rwanda)	2021	Unfunded	-
Reg	Provider of electricity generation, transmission, and distribution services	Rwanda	2014	Public	-

Get a longer list of companies

In the year 2025, till October 2025, $5M has been raised in 1 equity funding round across Rwanda. In the same period last year (i.e. till August 2024), $23.5M had been raised across 7 rounds in Rwanda. So, 2025 has seen a 78.72% drop in funding in companies of Rwanda as compared to 2024.

Here are some recent, important funding rounds in Rwanda:

Company	Round Raised	Amount Raised	Funding Date	Investors
Open Campus	Series B	7051	Oct 20, 2025	Animoca Brands and 3 more
Ampersand Energy	Series A	9660	Aug 29, 2024	AHL Venture Partners and 2 more
VIEBEG	Seed	6398	Jun 25, 2024	Launch Africa
Zuri	Seed	3407	Jun 11, 2024	Renew Capital
Zuri	Seed	3856	Apr 08, 2024	Launch Africa

See a more detailed list of funding rounds

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1.1K+ Total Companies
$463M+ Total Funding
215+ Funded Companies
3 IPOs
10+ Acquisitions

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

Here are some top investors in Rwanda:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Africa Energy Services Group, Never Again Rwanda and Smart Africa
250STARTUPS	Kigali (Rwanda)	Nyereka Tech, Ikizamini and ShuriBus
East Africa Investments	Rwanda	Pesachoice, GET IT and VIEBEG
Reach for Change	Stockholm (Sweden)	Academic Bridge, iSOKO and Imagine We Rwanda
CVL	Kigali (Rwanda)	Inyange Industries, NPD and Ruliba Clays

See a more detailed list of investors

In the year 2025, till June 2025, 2 acquisitions happened in Rwanda. Last year, in 2024, a total of 3 acquisitions happened in Rwanda.

Here are some recent, important acquisitions in Rwanda:

Company	Acquisition Type	Acquisition Date	Acquirers
Heaven Rwanda	Business Acquisition	Jun 03, 2025	Hemingways Collection
Sorwathe	Business Acquisition	Mar 12, 2025	luxmitea.in
Primecement	Business Acquisition	Jul 24, 2024	CIMERWA
Tres Infrastructure	Business Acquisition	May 10, 2024	Admaius Capital Partners
TRES	Business Acquisition	May 09, 2024	Admaius Capital Partners