About startup landscape in Zimbabwe
Zimbabwe has over 1,588 startups across the country. Of these, 188 are funded companies that have collectively raised $2.43B in venture capital and private equity. The country is home to 1 unicorn. A total of 80 investors have participated in 232 funding rounds, with 7 startups securing early-stage funding and 4 raising late-stage funding. In the last five years, 105 new companies have been founded. Startups in Zimbabwe have witnessed 18 acquisitions and 6 IPOs, while 241 startups wrapped up operations. Additionally, 17 companies have been founded by women.
Top Companies in Zimbabwe
Econet Wireless Zimbabwe is the top company in Zimbabwe, ranked using Tracxn Score (what's this?).
Here are 5 of the top companies in Zimbabwe:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Mobile and fixed wireless services provider | Harare (Zimbabwe) | 1998 | Public | - | |
Offering coalition loyalty solutions for restaurants | Harare (Zimbabwe) | 2022 | Unfunded | - | |
Provider of business telephony services | 2014 | Unfunded | - | ||
Investment holding firm | Harare (Zimbabwe) | 2004 | Funding Raised | - | |
Commercial bank | Harare (Zimbabwe) | 1993 | Public | - |
Recent Funding Rounds in Zimbabwe
In the year 2023, till June 2023, $20K has been raised in 2 equity
funding rounds across Zimbabwe. In the same period last year (i.e. till December 2022), $9.03M had been raised across 6 rounds in Zimbabwe. So, 2023 has seen a 99.78% drop in funding in companies of Zimbabwe as compared to 2022.
Here are some recent, important funding rounds in Zimbabwe:Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 2945 | 2023 | ||
Seed | 2897 | Jan 04, 2023 | ||
Seed | 9497 | Dec 29, 2022 | - | |
Seed | 5320 | Dec 12, 2022 | ||
Seed | 2769 | Jul 08, 2022 |
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- 1.6K+ Total Companies
- $2.43B+ Total Funding
- 185+ Funded Companies
- 5+ IPOs
- 15+ Acquisitions
Top Investors in Zimbabwe
Europa is the top investor in companies of Zimbabwe based on number of companies invested.
Here are some top investors in Zimbabwe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Harare (Zimbabwe) | ||
Harare (Zimbabwe) | ||
Harare (Zimbabwe) |
Acquisitions in Zimbabwe
In the year 2023, till January 2023, 2 acquisitions happened in Zimbabwe. Last year, in 2022, a total of 1 acquisition happened in Zimbabwe.
Here are some recent, important acquisitions in Zimbabwe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 08, 2023 | ||
Business Acquisition | Jan 06, 2023 | ||
Business Acquisition | Aug 10, 2022 | ||
Business Acquisition | Jan 14, 2021 | ||
Business Acquisition | Sep 30, 2020 |
IPOs in Zimbabwe
In the year 2010, till August 2010, 1 IPO happened in Zimbabwe. In its previous year, in 2009, a total of 1 IPO happened in Zimbabwe.
Here are some recent, important IPOs in Zimbabwe:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 19, 2010 | London Stock Exchange (LSE) | |
Feb 01, 2009 | Zimbabwe Stock Exchange (ZSE) | |
Sep 07, 2006 | London Stock Exchange (LSE) | |
Jan 01, 1946 | Johannesburg Stock Exchange (JSE) |
Top News about startups in Zimbabwe
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EcoCash ends loss making as profit soars in H1Telecompaper•Nov 14, 2023•EcoCash, Econet Wireless Zimbabwe
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AfriBlocks has partnered with KyckGlobal to provide payment options for African freelancers.Tech In Africa•Apr 20, 2023•AfriBlocks, KyckGlobal
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EcoCash partners PayPal's Xoom for international remittancesTelecompaper•Jun 29, 2022•EcoCash, Xoom, Thunes, PayPal
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EZ-Link Partners With Mastercard for Greater Digital Payments CapabilitiesFinTechnews•Apr 29, 2022•EZ-Link, Mastercard, Zimswitch
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OCBC customers to get alerts for all PayNow, FAST transfer transactionsThe Business Times•Jan 21, 2022•OCBC Bank, Paynow, fast.com
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Singaporean Digital Assets Trading Platform Sparrow to Accept PayNow TransfersCrowdfund Insider•Nov 25, 2021•Paynow, Sparrow Exchange
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BancABC partners Mastercard and Zimswitch to Revolutionise Digital Payment in ZimbabweInnovation-village•Oct 22, 2021•BancABC, Mastercard, Zimswitch
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A Partnership Between Mastercard and Zimswitch for Zimbabwe’s Payments Sector TransformationTech In Africa•Jan 09, 2021•Mastercard, Zimswitch
