10 Oct 2026 · TrustList Editorial
Only 26 of 84 funding announcements named a single customer
Our count of 84 October items finds 73 named a lead investor, 63 a stage and 6 a company-stated valuation, while none of the 48 customer or…
4 of 12 venture capital firms ranked on evidence in the Q4 2026 edition.
Between them, the 12 venture capital firms on this page cover FinTech (5), growth stage (2), simple (2) and energy (2). They also list work in Lagos, London, Paris and Africa. 12 of them have written a profile you can read before you get in touch.
TrustList ranking
Q4 2026 edition
4 of 12 venture capital firms ranked on evidence held on 9 October 2026: client reviews, vetting, awards and facts each business states on its own website, which we read and date. Nobody pays to be placed.
Positions are fixed for the quarter; the next edition is due in January 2027.
Energy
FMO Dutch Entrepreneurial Development Bank is the Netherlands' development bank for the private sector.
Why #1: In business 50+ years, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Also in Paris and London
Helios Investment Partners is a private investment firm that puts capital only into Africa.
Why #2: Founded 2004, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Growth Stage · FinTech · Energy · Also in Amsterdam and Kenya, Nigeria
Goodwell Investments is an impact investor built on the idea of doing well by doing good.
Why #3: In business 15+ years, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.
Agritech · Also in San Francisco and Sydney
New Forests is an investment manager specialising in nature-based real assets and natural capital.
Why #4: professional accreditation, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

simple · Also in Kenya
88mph is a seed fund and incubator for technology startups that target African markets.

FinTech · Also in Africa
Catalyst Fund is a pre-seed fund and accelerator for technology startups that improve the resilience of underserved communities exposed to climate risk.

Also in Shanghai and Beijing
China Communications Construction Company Limited, known as CCCC, is an infrastructure builder headquartered in Beijing.

simple · Also in Lagos
Chui Ventures is an investment company that backs African startups at an early stage.

Growth Stage · Also in Africa and Lagos
Kepple Africa Ventures is a venture capital firm rooted in Kenya and Nigeria.

Also in London
Maris is a diversified investment holding company focused on responsible, long-term growth in Africa.

FinTech · Also in Washington and New York City
Norrsken 22 is a tech growth fund that invests in African entrepreneurs.

Also in London and Lagos
TLcom Capital LLP is a venture capital firm that invests in technology companies across Africa, backing founders from seed through to later growth stages.
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