Manufacturing Startups in Africa

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Manufacturing in Africa is on the rise, driven by a growing consumer class and increasing demand for locally produced goods. Promasidor, Beloxxi, and Edita Food Industries are all key players in this space, benefiting from local market knowledge and strong distribution networks. The word among local business leaders is positive, with expectations of continued growth in the sector as countries across the continent prioritize industrialization and economic diversification.

Cummulative Funding

$119.6M+

Total # of Companies

8

Total Deal Count

12

Total M&A Count

1

Total # of Investors

15

List of Manufacturing startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Beloxxi is a Nigerian distributer and importer of branded biscuits from an international source.

Private Equity

$ 80,000,000

1994

2.

Zinox Technologies is a highly skilled world class ICT Company dedicated to providing innovative products and solutions.

Debt Financing

$ 25,000,000

2001

3.

JET Motor Company is a Nigerian auto-manufacturer that designs and builds vehicles for African roads.

Venture

$ 9,000,000

2017

4.

Tǽillὸ is a Nigerian Furniture and Lifestyle Brand that designs and manufactures Furniture by harnessing local resources with modern Technology.

Seed

$ 2,800,000

2018

5.

Elisar Resources is a Nigerian based company that specializes in heavy industry, telecom services and devices, and machinery and supplies.

Series B

$ 2,000,000

2015

6.

Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment.

Funding Round

$ 850,000

2018

7.

Baby Grubz is an Nigerian startup which promotes gender inclusion through production and sales of her natural complementary meals for children under 5.

Grant

$ 30,000

2013

8.

FixBot is a connected startup that makes IoT dongles and software solutions for vehicle diagnostics.

Undisclosed

Undisclosed

2019

Beloxxi

Founded

1994

Overview

Beloxxi is a Nigerian distributer and importer of branded biscuits from an international source.

Last round

Private Equity

Total raised

$ 80,000,000

Employee

101-250

Founded

2001

Overview

Zinox Technologies is a highly skilled world class ICT Company dedicated to providing innovative products and solutions.

Last round

Debt Financing

Total raised

$ 25,000,000

Employee

51-100

Founded

2017

Overview

JET Motor Company is a Nigerian auto-manufacturer that designs and builds vehicles for African roads.

Last round

Venture

Total raised

$ 9,000,000

Employee

11-50

Taeillo

Founded

2018

Overview

Tǽillὸ is a Nigerian Furniture and Lifestyle Brand that designs and manufactures Furniture by harnessing local resources with modern Technology.

Last round

Seed

Total raised

$ 2,800,000

Employee

11-50

Founded

2015

Overview

Elisar Resources is a Nigerian based company that specializes in heavy industry, telecom services and devices, and machinery and supplies.

Last round

Series B

Total raised

$ 2,000,000

Employee

Jamborow

Founded

2018

Overview

Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment.

Last round

Funding Round

Total raised

$ 850,000

Employee

2-10

Founded

2013

Overview

Baby Grubz is an Nigerian startup which promotes gender inclusion through production and sales of her natural complementary meals for children under 5.

Last round

Grant

Total raised

$ 30,000

Employee

Fixbot

Founded

2019

Overview

FixBot is a connected startup that makes IoT dongles and software solutions for vehicle diagnostics.

Last round

Undisclosed

Total raised

$ 0

Employee

51-200

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