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Tencent, the Chinese tech titan, has emerged as a key player in Africa's startup ecosystem. Known for its focus on Seed and Series B rounds, Tencent's portfolio boasts transformative companies like TymeBank, Ozow, and Helium Health. Their strategic investments and deep understanding of local markets set them apart, driving innovation and fostering the growth of Africa's tech industry.

Type
Angel Investor

Tencent's Portfolio in Africa

Tencent has made over 13 notable investments in African startups. Their most recent investment was in Remedial Health, announced on August 1st, 2023.
Tencent's Latest news
Tencent Hits Lowest Price in Five Years on China Economy Concern - Bloomberg

Tencent steps up buybacks as share price sinks - Financial Times

Tech giant Tencent was China's most valuable company for 6 years. In September, it finally lost the title — to a liquor company. - Yahoo News

What the eclipse of Tencent by a liquor company says about Xi's China - Financial Times

Tencent's Investment activity in Africa

With over $275.8M invested in African startups, their latest investment was a Series A round in Remedial Health, announced on August 1st, 2023, closing at $8M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Series B
Helium Health
NigeriaJun 05, 2023$ 30,000,000
Seed
Helium Health
NigeriaOct 15, 2017$ 2,000,000
Series C
TymeBank
South AfricaMay 23, 2023$ 77,800,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000

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Tencent's Investment Distribution in Africa.

Tencent's currently has Startuup investments spread across the following location(s)

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