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VC Funds in South Africa

10 VC Funds in South Africa

NumberNameFounded YearLocationPortfolioDescriptionNotes
1

1915

Cape Town, South Africa

Flipkart, BYJU'S, Swiggy and others

Naspers is an early and growth-stage venture capital investment firm investing globally. The firm specifically focuses on Technology-based companies engaged in sectors such as Entertainment, Media, E-Commerce, FinTech, EdTech, etc. Notable portfolio companies are Myntra, MakeMyTrip, GoIbibo, Flipkart, Udemy, Swiggy, PayU, PaySense, etc. In 2020, the company recorded annual revenues of $4.8 B and a net profit of $3.1 B. In 2021, the company recorded annual revenues of $7.01B and a net profit of $13.97B

Tech focused early and growth stage VC firm investing Globally

2

1997

London (United Kingdom), Cambridge (United States), San Francisco (United States), Bangalore (India), Cape Town (South Africa)

Nanopore, Improbable, Creditas and others

Amadeus Capital Partners is a venture capital firm which invests in the UK, Sweden, the US, etc. The firm focuses on Tech companies operating in the sectors such as Medical Technology, Cleantech, Enterprise & Infrastructure Software. Top investments include Celltick, Clicktale, Antidote, Doctify, etc.

Tech focused VC firm investing in the UK

3

2015

Johannesburg (South Africa), Keswick (United States)

Flutterwave, Andela, Lynk and others

CRE Venture Capital is a venture capital firm. Geographies of interest include Africa. It invests in tech focused companies engaged in sectors like FinTech, EdTech, Online retail. Notable investments include Andela, Flutterwave, ACE, SureBids.

Tech-focused venture capital firm investing primarily in Africa

4

2005

Cape Town, South Africa

Beonics, Leatt, SmartBlade and others

Savant is a venture capital fund & hardware technology incubator focusing on South African startups. It offers seed incubation and funding to hardware technology companies. It takes a minority equity stake up to15% in the startups. They make an investment of at least INR 50K in Series A & B firms. Portfolio companies include Jonga, Dose Dr., Signal S, etc.

Hardware technology incubator and VC fund

5

2008

Accra (Ghana), Cape Town (South Africa), Lagos (Nigeria), Nairobi (Kenya), San Jose (United States)

OZE, Dropque, Curacel and others

MEST is a startup incubator and VC firm backed by The Meltwater Foundation. They run a 1-year acceleration program offering mentorships, seed funding, software development support, access to guest lectures, and networking opportunities. Focused sectors include e-commerce, digital media, agri-tech, fin-tech, and healthcare IT. Typically invest between $50K and $200K in firms.

Startup incubator and VC firm backed by The Meltwater Foundation

6

2016

Johannesburg (South Africa), Strathavon (South Africa)

Ozow, The Sun Exchange, Mobiz and others

Kalon Venture Partners is a VC fund which invests in technology startups based in African countries. It invests in startups across sectors such as banking, insurance, retail, media, and entertainment. The investment size is between R 5M to R 10M.

VC fund investing in technology startups

7

1998

Oslo (Norway), Accra (Ghana), Nairobi (Kenya), Cape Town (South Africa), Bangkok (Thailand), San Jose (United States)

Lake Turkana Wind Power, Wave Systems, Sun King and others

Norfund is a venture capital investment company. Invests in geographies like Asia, Africa, and North America. Generally, invests in energy companies operating in sectors such as CleanTech and Solar Energy. Notable investments include Auro Mira Energy, UAP, D.light Design, HHV Solar Technologies.

Energy sector focused VC firm funding companies in Asia, Africa and North America

8

2016

New York City (United States), Nairobi (Kenya), Lagos (Nigeria), Johannesburg (South Africa)

Minka, SparkMeter, Carry1st and others

Venture capital firm focused on early-stage investments. The company invests from seed to series B stages focused on fintech, energy, healthcare, and education sectors.

Venture capital firm focused on early-stage investments

9

2016

Cape Town, South Africa

Wasoko, VALR, LifeQ and others

4Di Capital is a seed & early stage focused venture capital firm. Makes investments in territories such as Africa and the US. Finances companies engaged in tech companies engaged in sectors like Mobile Technology, Fintech and Healthtech. Notable investments include Zoona, Snapt, Aerobotics, InTarget.

Seed & early stage tech-focused venture capital firm investing primarily in Africa and the US

10

2010

Cape Town (South Africa), London (United Kingdom)

mmhmm, Dentex, DataProphet and others

Knife Capital is a venture capital investment and advisory firm that makes investments across Southern Africa. The firm primarily focuses on technology-enabled ventures. Some of the notable portfolio companies are FlightScope, iKubu, orderTalk, TaxTim, CSense etc. The firm also provides consulting, training and business acceleration services.

Venture capital investment and advisory firm that invests in Africa