Oil and Gas Startups in Africa

Step into the thriving world of Oil and Gas startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Oil and Gas.

Cummulative Funding

$59.3M+

Total # of Companies

10

Total Deal Count

21

Total M&A Count

0

Total # of Investors

25

List of Oil and Gas startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage.

Secondary Market

$ 35,000,000

1956

2.

Lekoil is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia.

Post-IPO Debt

$ 15,000,000

2010

3.

PayGo Energy is a distribution service that harnesses the power of pay-as-you-go-technology

Venture

$ 8,500,000

2014

4.

AZA Petrosolutions is an Agadir-based business focused on designing technology solutions and constructing intelligent and integrated objects.

Pre-seed

$ 250,000

2020

5.

Optinov produces and commercializes gas oil locks for trucks and heavy goods vehicles.

Series A

$ 190,000

2014

6.

Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry

Grant

$ 100,000

2020

7.

Epump is a cloud based forecourt automation solution for Africa

Funding Round

$ 50,000

2012

8.

Delta Oil is an Egyptian start-up that offers services in collecting the used cooking oil from households in exchange for goods.

Non-equity Assistance

$ 30,000

2018

9.

Homefort Energy offers automated gas delivery for homes.

Funding Round

Undisclosed

2020

Oando

Founded

1956

Overview

Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage.

Last round

Secondary Market

Total raised

$ 35,000,000

Employee

LEKOIL

Founded

2010

Overview

Lekoil is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia.

Last round

Post-IPO Debt

Total raised

$ 15,000,000

Employee

51-200

Founded

2014

Overview

PayGo Energy is a distribution service that harnesses the power of pay-as-you-go-technology

Last round

Venture

Total raised

$ 8,500,000

Employee

11-50

Founded

2020

Overview

AZA Petrosolutions is an Agadir-based business focused on designing technology solutions and constructing intelligent and integrated objects.

Last round

Pre-seed

Total raised

$ 250,000

Employee

2-10

Optinov

Founded

2014

Overview

Optinov produces and commercializes gas oil locks for trucks and heavy goods vehicles.

Last round

Series A

Total raised

$ 190,000

Employee

Kadi

Founded

2020

Overview

Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry

Last round

Grant

Total raised

$ 100,000

Employee

2-10

Epump

Founded

2012

Overview

Epump is a cloud based forecourt automation solution for Africa

Last round

Funding Round

Total raised

$ 50,000

Employee

11-50

Delta Oil

Founded

2018

Overview

Delta Oil is an Egyptian start-up that offers services in collecting the used cooking oil from households in exchange for goods.

Last round

Non-equity Assistance

Total raised

$ 30,000

Employee

2-10

Founded

2020

Overview

Homefort Energy offers automated gas delivery for homes.

Last round

Funding Round

Total raised

$ 0

Employee

2-10

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