About startup landscape in Tanzania
Tanzania has over 2,596 startups across the country. Of these, 279 are funded companies that have collectively raised $1.6B in venture capital and private equity. A total of 153 investors have participated in 356 funding rounds, with 9 startups securing early-stage funding and 4 raising late-stage funding. In the last five years, 263 new companies have been founded, raising over $2.29M in funding. Startups in Tanzania have witnessed 26 acquisitions and 10 IPOs, while 450 startups wrapped up operations. Additionally, 59 companies have been founded by women.
Top Companies in Tanzania
CRDB Bank is the top company in Tanzania, ranked using Tracxn Score (what's this?).
Here are 5 of the top companies in Tanzania:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Commercial bank | Dar es Salaam (Tanzania) | 1996 | Early Stage | $24M | |
Integrated telecom services provider in Tanzania | Dar es Salaam (Tanzania) | 1999 | Unfunded | - | |
Provider of data-driven platform for managing e-commerce packages | Dar es Salaam (Tanzania) | 2020 | Seed | $1.5M | |
Provider of multi-platform educational content for kids | Dar es Salaam (Tanzania) | 2013 | Funding Raised | - | |
Online platform for consumer loans | Dar es Salaam (Tanzania) | 1994 | Acquired | - |
Recent Funding Rounds in Tanzania
In the year 2026, till May 2026, $450K has been raised in 3 equity
funding rounds across Tanzania. In the same period last year (i.e. till March 2025), $1.7M had been raised across 2 rounds in Tanzania. So, 2026 has seen a 73.53% drop in funding in companies of Tanzania as compared to 2025.
Here are some recent, important funding rounds in Tanzania:Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4666 | May 12, 2026 | - | |
Seed | 9575 | Apr 09, 2026 | ||
Seed | 7638 | Mar 27, 2026 | ||
Seed | 1804 | Sep 22, 2025 | and 6 more | |
Seed | 6898 | Mar 28, 2025 |
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- 2.6K+ Total Companies
- $1.6B+ Total Funding
- 275+ Funded Companies
- 5+ IPOs
- 25+ Acquisitions
Top Investors in Tanzania
Europa is the top investor in companies of Tanzania based on number of companies invested.
Here are some top investors in Tanzania:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Washington, DC (United States) | ||
Delft (Netherlands) | ||
Stockholm (Sweden) |
Acquisitions in Tanzania
In the year 2024, till November 2024, 5 acquisitions happened in Tanzania. Last year, in 2023, a total of 3 acquisitions happened in Tanzania.
Here are some recent, important acquisitions in Tanzania:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 26, 2024 | ||
Business Acquisition | Nov 12, 2024 | ||
Business Acquisition | Apr 03, 2024 | ||
Business Acquisition | Feb 07, 2024 | ||
Business Acquisition | Jan 31, 2024 |
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IPOs in Tanzania
In the year 2013, till April 2013, 1 IPO happened in Tanzania.
Here are some recent, important IPOs in Tanzania:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 18, 2013 | Australian Securities Exchange (ASX) | |
Jan 23, 2007 | OTC Markets (OTCMKTS) |
Top News about startups in Tanzania
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Millicom organic revenues up 2% in Q1, led by B2B and postpaid growthTelecompaper•Apr 27, 2023•Millicom, Tigo
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Tigo, Selcom And Mastercard Partner To Launch New Payment Solution In TanzaniaSoko Directory•Mar 21, 2023•Mastercard, Selcom Group, Tigo, Tigo and 1 other
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Tigo Tanzania and Ericsson launch 5G, enhance existing 4G networkcommsupdate.com•Feb 17, 2023•Ericsson, Tigo
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Axian Telecom partners with Azania Bank to launch Bustisha overdraft facilityTelecompaper•May 25, 2022•Tigo, Azania Bank
