# Top 30 Artificial intelligence Startup Investors in South Africa in October 2023

## Oui Capital
- Type: VC Fund
- Location: Belmont, Massachusetts, United States
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: Transportation, Information Technology, B2B

Oui Capital is an Africa-focused VC firm backing tech-enabled businesses at the pre-seed & seed stage.

## Soma Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Soma Capital is venture capital fund that focuses on investing in software to automate the world across all sectors and geographies.

## Bose Ventures
- Type: VC Fund
- Location: Framingham, Massachusetts, United States
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Software, Wearables, Artificial Intelligence

Bose Ventures is looking for startups that are pushing the envelope of AR to help build some of these new experiences. They are investing in startups that are developing apps, services, and technology that leverage and extend the Bose AR platform. If you are one of these innovative startups

## Hustle Fund
- Type: VC Fund
- Location: San Carlos, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Hustle Fund is a seed fund that seeks to invest in early-stage startups operating in software, business to business, fintech, and digital health sectors.

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

## Black Silver Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Finance

Black Silver Capital invests in and builds a portfolio of high growth companies and businesses with innovative business models, geared to existing and emerging institutions and their customers. We invest growth capital in the form of equity to be used to assist established, but still high-risk ventures in expanding activity such as creatingadditional traction launching products into diverse markets as well as creating new products & technology lines.

## Knife Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

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## 4Di Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Financial Services

4Di Capital is a Cape Town-based venture capital fund management firm focused on early-stage technology investments in sub-Saharan Africa.

## LeapFrog Investments
- Type: VC Fund
- Location: Port Louis Town, Port Louis, Mauritius
- Relevant deals: 1
- Stages: Private Equity, Series D
- Focus: Financial Services, Finance, FinTech

Scaling purpose-driven businesses to achieve leaps of growth, profitability and impact.

## Savannah Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Information Technology

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

## Harambeans
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Angel, Grant
- Focus: Supply Chain Management, Transportation, Information Technology

Harambeans are African innovators who have pledged to “work together as one” to build Africa’s future. Over the last decade, Harambeans has spawned a series of tech-enabled ventures such as Andela, Flutterwave, and Yoco, which have collectively generated over 3000 jobs, and raised over $700m from Google Ventures, CRE Ventures and Accel.

## Joe Caruso
- Type: Angel
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Internet, SaaS

For the last 20 years Joe has served as mentor, coach, and personal advisor to CEO’s and entrepreneurs. In recent years, he has served as investor, advisor and active director with dozens of companies, public and private.Joe is currently a member of Launchpad Venture Group and was previously a member of Walnut Ventures, Common Angels, eCoastAngels and a principal of Brookwood Partners, all investment groups for early stage companies. He also maintains an active consulting practice dealing with structuring and negotiation of acquisitions, strategic partnerships and financings, and issues related to dispute resolution.He has served on dozens of boards over the years and is recipient of the Leadership in Private Corporate Governance award from the National Association of Corporate Directors New England Chapter. He is a graduate of Northeastern University (BSEE with honors) and the Harvard Business School (MBA) He has served as advisor to Northeastern’s School of Technological Entrepreneurship, and serves as a mentor for Boston University's entrepreneurship program, the Boston TechStars program, and Mass Challenge.Previously, Joe served as interim CEO for companies in need of strategic change - running businesses ranging from 5 to 1,000 employees. Early in his career, he worked at Teradyne and Autex, Inc., and was CEO at Cyborg Corporation, a venture-funded company that was a pioneer in the use of PC’s in laboratory and factory automation. He also has served as an arbitrator for the American Arbitration Association.Former board memberships include: ACT Medical, Acumenta, Adhesive Technologies, American Fantasy Sports, Audiofile, Boston Restaurant Associates, Boston University's Photonics Center (advisory director), Coffee Connection, Colonial Mills, Common Angels, Corion, Cyborg Corporation, General Analysis, Haymarket Bank, Iconics, i2Chem, Laser Science, Metrisa, MicroE, Nimbit, Qiave Technologies, QD Vision, Quant Funds (trustee); Tytronics, Wwwhoosh, Zentox, the Turnaround Management Association (founding director, New England Chapter), the National Association of Corporate Directors (New England Chapter), the Association for Corporate Growth (New England Chapter) and WEST (Women Entrepreneurs in Science and Technology). Joe has also served as an arbitrator for the American Arbitration Association.

## Alumni Ventures
- Type: VC Fund
- Location: Manchester, New Hampshire, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Health Care

Alumni Ventures offers diversified venture portfolios to accredited investors into highly competitive deals that individuals typically do not have access to on their own.

## Crossfin Technology
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Series A, Private Equity
- Focus: Payments, Financial Services, Information Technology

Crossfin invests in FINTECH solutions to enable growth for economies in Africa and beyond. Crossfin invests in high growth and established cash generative businesses, offering investors a blended exposure to technology investments in Fintech.

## Sphere Holdings
- Type: VC Fund
- Location: Sandston, Virginia, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Software, Web Apps, Health Care

Sphere Holdings success is driven by an experienced team, their own capital, a disciplined investment process and broad business networks.

## Phillip Sebole Masango
- Type: Angel
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Series A, Seed, Private Equity
- Focus: Information Technology, Robotics, Aerospace

Phillip Sebole Masango is a Mentor at Allan Gray Orbis Foundation, the Chief Executive Officer and Founder of Eclipde Hub and Black Silver Capital, a Strategic Intelligence Member of World Economic Forum, a Member of Norval Foundation, Heavy Chef, Startup Grind Stellenbosch, The Silicon Cape Initiative, DueDash, and SimplyBiz_SA, and an ExecutiveDirector and Founder of Aesthetic Prosthetic Bionics Co.

## Investec
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Software, Financial Services, Energy

Welcome to Investec. Find out more about us, our businesses, sponsorships and career opportunities.

## Wavecrest Growth Partners
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Private Equity, Seed
- Focus: Software, SaaS, Enterprise Software

Wavecrest Growth Partners is a growth equity firm focused on investments in high-growth, profitable B2B technology companies. The firm targets investments in high-growth companies with proven products and business models and brings to bear a differentiated combination of investing and operating experience and networks to help accelerate growth andprofitability. It refers to invest in companies that have over 20% in annual growth and $5 to $30M in bookings or revenue.

## Appsolute Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Big Data, Analytics, Data Integration

A South African venture firm focussed on early stage African startups. By the founders of Bottles, the on-demand liquor delivery app.

## Bill Spruill
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: Facial Recognition, Identity Management, Information Technology

Bill Spruill

## Bantam Group
- Type: VC Fund
- Location: Westwood, Massachusetts, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Internet, SaaS

They are passionate about seeing their portfolio companies become successful.

## BaseCamp Ventures
- Type: VC Fund
- Location: Moorestown, New Jersey, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, Financial Services

BaseCamp Ventures is a venture capital firm specializing in investments in incubation and early to middle stage companies. The firm primarily invests in information technology, software development with a focus on enterprise applications, e-commerce software, applied cloud technology, cloud and mobile infrastructure, new technology and softwareproducts. It typically invests in companies located in the East Coast and companies with headquarters located in Mid Atlantic region of the United States. The firm seeks to invest $0.25 million. It typically invests in companies having projected revenue of at least $25 million in five years. It prefers to take the lead on investments between $2 million and $5 million in the portfolio companies. BaseCamp Ventures was founded in 2000 and is based in Moorestown, New Jersey.

## TotalEnergies Ventures
- Type: VC Fund
- Location: La Défense, Ile-de-France, France
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Energy, Renewable Energy, Transportation

TotalEnergies Ventures is the venture capital arm of Total.As part of Total's commitment to a better energy future, TotalEnergies Ventures is focused on finding, funding and fostering high-potential start-ups which will contribute to creating a low carbon future.Current areas of interest include Renewables, Distributed Energy, NewMobility, Energy Access, Energy Storage, Bio-Plastics, Circular Economy, Carbon Capture and Hydrogen.

## Kalon Venture Partners
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Apps, Mobile Apps, Software

A growing number of South Africans are investing in venture capital companies that operate under Section 12J of the Income Tax Act. Contact us now.

## Microsoft for Startups
- Type: VC Fund
- Location: Redmond, Washington, United States
- Relevant deals: 1
- Stages: Seed, Grant
- Focus: Software, Information Technology, SaaS

Microsoft for Startups is a global program designed to help startups scale with free access to Azure cloud and a streamlined path into selling alongside Microsoft and our vast partner ecosystem.

## Naspers Foundry
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed, Series B, Series A
- Focus: Financial Services, Insurance, Information Technology

Naspers Foundry is a global internet group and invests in technology-based companies. The company believes in the power of local backed by global scale and they look for opportunities to address big societal needs in markets where they see the greatest growth potential.

## Sanari Capital
- Type: VC Fund
- Location: Sandston, Virginia, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Information Technology, Laser, Sensor

Sanari Capital is a South African private investment company.
They partner with owners and management in building companies, concepts and ideas.

## Arise Pty Ltd
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Series A
- Focus: Facial Recognition, Financial Services, Identity Management

Arise is a African investment company backed by three reputable cornerstone investors, namely Norfund, Rabobank, and FMO. We partner with sustainable locally owned financial services providers in Sub-Saharan Africa who are searching for a way to keep their independence but need financial expertise and long-term capital to prosper. Our in-depthlocal knowledge, minority shareholding and hands-on approach gives them the support they need to become financially sustainable and a strong contributor to the economy.It’s our way of making a lasting, positive difference to the people, businesses and communities of Africa.

## Capaci.Tech
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 1
- Stages: Seed
- Focus: SMS, Apps, SaaS

CapaciTech operates as a South African holding company that consists of an advisory business and special purposes vehicles that house shareholdings in various entrepreneurial ventures.

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