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Top 20 Consumer Startup Investors in South Africa in October 2023

A list of 20 angel investors and VC (Venture Capital) funds that invest in Consumer startups based in South africa. We rank investors based on the number of investments they made in Consumer companies from South africa. We update this investor list every month.

Top 20 Consumer Startup Investors in South Africa in October 2023

Investor Consumer South Africa investments
4Di Capital 3
Capaci.Tech 1
Serra de Estrela Investments Ltd 1
Savannah Fund 1
AgFunder 1
Microsoft 1
Kepple Africa Ventures 1
E4EAfrica 1
Next Chymia Consulting 1
Strattech Partners 1
Untapped Global 1
Accion Venture Lab 1
J.P. Morgan Asset Management 1
Bantam Group 1
Joe Caruso 1
AngelHub Ventures 1
Kanyi Maqubela 1
Vumela Fund 1
Knife Capital 1
Ashwin Ravichandran 1

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Investor list
4Di Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in the past 12 months

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

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Investment focus

  • Software, Mobile, Financial Services
  • Seed, Series A, Series B
  • South Africa, United States, Uganda

Portfolio highlights

  • Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
  • Numida — Growing African small businesses with affordable, convenient, and fair credit.
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Capaci.Tech
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investment in the past 12 months

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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Investment focus

  • SMS, Apps, SaaS
  • Seed
  • South Africa, United States

Portfolio highlights

  • Mobiz — Supercharge your SMS marketing with dynamic, high-converting landing pages sent directly into the hands of your customers.
  • HomeFarm — What Homefarm is all about. Homefarm brings smart, indoor gardens to homes and businesses across South Africa and Europe.
  • Right Now Response — Your go-to for expert breakdown assistance. Our dedicated team ensures you're back on the road swiftly and safely. Contact us for reliable support today!
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Serra de Estrela Investments Ltd
VC Fund

Family office, registered in British Virgin Islands

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Investment focus

  • Drones
  • Seed
  • South Africa

Portfolio highlights

  • Dove Air — Dove air is using advanced technology to empower people to address some of the biggest problems across Africa. We provide reliable and fast service while meeting all the safety standards.
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Savannah Fund
VC Fund · Nairobi, Nairobi Area, Kenya

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.

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Investment focus

  • E-Commerce, FinTech, Information Technology
  • Seed, Series A, Pre-Seed
  • Kenya, United States, South Africa

Portfolio highlights

  • Oze — OZÉ brings African small businesses into the digital era. It is an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business education. If the entrepreneur needs a little extra support, an OZÉ Coach is just a click away. As they are usingOZÉ to manage their business and learn how to run it better, we are learning about them. Using this data and machine learning, we can predict their credit risk and provide them with affordable capital from our banking partners. With over 20,000 registered users, OZÉ is the largest online community of SMEs in Ghana. The most exciting thing is that OZÉ works; 97% of businesses that have used OZE for at least 9 months are growing or profitable or both!
  • Root — Programmable insurance that you can integrate into your product or service with ease
  • Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.
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AgFunder
VC Fund · San Francisco, California, United States · 17 investments in the past 12 months

AgFunder invests in impactful companies that can positively transform the world's food system. Founded in 2013, AgFunder manages a portfolio of over 50 companies across four funds from offices in Silicon Valley and Singapore. Through its media platform AFN, it has built a global ecosystem of over 90,000 subscribers.

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Investment focus

  • Agriculture, AgTech, Biotechnology
  • Seed, Series A, Series B
  • United States, United Kingdom, India

Portfolio highlights

  • Azaneo — Azaneo develops lightning-fast electric weeding technology. Using only electrons - herbicide free.
  • Atinary — Atinary is an end-to-end AI, machine learning, robotics, and cloud computing technology platform for digitizing R&D operations.
  • Nium — Nium is creating nanotechnology that has a patent application, significantly reducing temperature, pressure, and overall emissions to produce cleaner, cooler, and greener ammonia. They formed carbon 13 for the climate emergency.
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Microsoft
VC Fund · Redmond, Washington, United States · 23 investments in the past 12 months

Microsoft is an American multinational corporation that develops, manufactures, licenses, supports, and sells a range of software products and services.Microsoft’s devices and consumer (D&C) licensing segment licenses the Windows operating system and related software, Microsoft Office for consumers, and the Windows Phone operating system. Thecompany’s computing and gaming hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories. Its phone hardware segment offers Lumia smartphones and other non-Lumia phones. Its D&C other segment provides Windows Store, Xbox Live transactions, and Windows phone store; search advertising; display advertising; Office 365 Home and Office 365 Personal; first-party video games; and other consumer products and services as well as operating retail stores.Microsoft’s commercial licensing segments licenses server products, including Windows Server, Microsoft SQL Server, Visual Studio, System Center, and related Client Access Licenses (CALs); Windows Embedded; Windows operating system; Microsoft Office for business, including Office, Exchange, SharePoint, Lync, and related CALs; Microsoft Dynamics business solutions; and Skype. Its commercial other segment offers enterprise services, including premier support services and Microsoft consulting services; commercial cloud comprising Office 365 Commercial, other Microsoft Office online offerings, Dynamics CRM Online, and Microsoft Azure; and other commercial products and online services.The company markets and distributes its products through original equipment manufacturers, distributors, and resellers, as well as online. Microsoft Corporation was founded by Bill Gates and Paul Allen in 1974. It is based in Redmond, Washington.

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Investment focus

  • Software, Information Technology, Internet
  • Grant, Funding Round, Seed
  • United States, United Kingdom, India

Portfolio highlights

  • AdMob — Earn more from your mobile apps using in-app ads to generate revenue, gain actionable insights, and grow your app with easy-to-use tools.
  • Efhtight — Secret to way company of Efhtight
  • Inflection AI — We are an AI studio creating a personal AI for everyone.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in the past 12 months

Kepple Africa Ventures is an early-stage venture capital firm.

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Investment focus

  • Financial Services, FinTech, Software
  • Seed, Pre-Seed, Funding Round
  • Nigeria, Kenya, Egypt

Portfolio highlights

  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.
  • Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.
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E4EAfrica
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investment in the past 12 months

E4E (“Entrepreneurs for Entrepreneurs”) specializes in supporting early stage ventures in South Africa from very early stage (pre-series A) to scale up.E4E focus on smart entrepreneurs and business ideas that are great businesses and make a significant contribution to a better (South) Africa.

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Investment focus

  • Internet, Logistics, E-Commerce
  • Seed, Series A, Series B
  • South Africa, France, The Netherlands

Portfolio highlights

  • Talk360 — Talk360 is an easy-to-use calling app that helps people make affordable international calls to any mobile and landline number. They believe that reliable communication and digital services must be affordable and accessible to everyone, regardless of someone's background. Especially people in emerging countries in Africa, who often need theseservices the most, do not always have the necessary banking possibilities. To bridge this distance, Talk360 will launch the world's first single checkout platform for Africa. This platform will combine all locally available payment methods and currencies across Africa, together with over 1.25 million cash points of sales, and will eventually be available to other companies as well. This means that 500 million Africans will be able to purchase digital services they never had access to before.
  • SweepSouth — Book a home cleaning online from your mobile, tablet or computer. SweepSouth connects you with a cleaner in minutes. Cleaners are experienced, reliable, efficient and insured.
  • Yebo Fresh — Powering South Africa's Township Economy.
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Next Chymia Consulting
VC Fund · Sheung Wan, Hong Kong Island, Hong Kong · 1 investment in the past 12 months

Create new business models with multidisciplinary blockchain professionals. Next Chymia Consulting has an international network of Blockchain technology and financial services. We are a group which make use of international networks and provide consulting services worldwide.

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Investment focus

  • Blockchain, FinTech, Medical
  • Seed, Funding Round
  • Kenya, Ghana, Romania

Portfolio highlights

  • Qwili — Qwili makes smartphones with a voice-guided, local language onboarding experience for new users.
  • IPOR Labs — Enter the Credit Hub of DeFi. Lend and borrow at the best defi rates and earn a competitive yield on your crypto, fixed with on-chain interest rate derivatives.
  • Zuvy Technologies — Zuvy is a free invoice management software that enables your business to get cash today for unpaid invoices. Get started sending invoices via WhatsApp
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Strattech Partners
VC Fund · Devon, Pennsylvania, United States

Strattech Partners, located in Devon, PA, is a consulting and venture capital firm that focuses on the development of growth stage companies. We offer CEO and CFO consulting services, operational consulting, and general financial consulting services, including treasury, general and strategic management services. Past engagements have includedacting CFO assignments as well as interim Controller/VP Finance assignments, turnaround and restructuring assistance, and other positions related to implementing change within organizations. Venture Capital investments are done through Strattech Partners I, LP and through our affiliate Zon Capital Partners, an SBIC venture fund.

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Investment focus

  • Software, E-Commerce, B2B
  • Seed, Series C, Funding Round
  • United States, South Africa

Portfolio highlights

  • Qwili — Qwili makes smartphones with a voice-guided, local language onboarding experience for new users.
  • EcomXML — EcomXML is a leading e-commerce solution provider for business-to-business (B2B) enterprise integration. EcomXML provides companies with enterprise integration solutions to link their buyers, suppliers and e-commerce portals together to streamline their e-business in real-time through the Internet. EcomXML utilizes open XML technology to achieveboth inter-company and intra-company integration regardless their existing technology infrastructure.
  • StarCite — StarCite's online business-to-business software and services allow corporations to purchase and manage products and services related to their company meetings and events.
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Untapped Global
VC Fund · San Francisco, California, United States

Untapped Global connects frontier market innovators to global investors through online and in-person platforms. Its platform The Nest is a monthly event series taking place both in-person and online, giving founders access to international investors, while Untapped Invest is a Smart Asset Financing™ platform enabling global investors to tap intothe $4T opportunity in the fastest-growing economies.The company was founded in 2020 and is headquartered in San Francisco, California.

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Portfolio highlights

  • Qwili — Qwili makes smartphones with a voice-guided, local language onboarding experience for new users.
  • ImaliPay — ImaliPay is a financial health platform offering financial products to freelancers and blue collar gig workers in partnership with gig platforms.
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Accion Venture Lab
VC Fund · Washington, District of Columbia, United States · 9 investments in the past 12 months

Accion Venture Lab is an investment initiative that provides startups with seed capital and support.

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Investment focus

  • Financial Services, FinTech, Finance
  • Seed, Series A, Funding Round
  • United States, India, Brazil

Portfolio highlights

  • Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
  • Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
  • Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.
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J.P. Morgan Asset Management
VC Fund · New York, New York, United States · 1 investment in the past 12 months

J.P. Morgan Asset Management is a leading asset manager for individuals, advisors and institutions. Their investment professionals are located around the world, providing strategies that span the full spectrum of asset classes.As one of the largest asset and wealth managers in the world, with assets under management of $1.7 trillion (as ofDecember 31, 2014), they provide global market insights and a range of investment capabilities that few other firms can match.

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Investment focus

  • Software, Financial Services, Renewable Energy
  • Private Equity, Series B, Series D
  • United States, Canada, Hong Kong

Portfolio highlights

  • Arcadia — Arcadia unlocks access to global utility data. Our technology powers the next generation of climate solutions, giving anyone the tools to electrify and decarbonize.
  • TIFIN — TIFIN builds engaging fintech experiences through powerful AI and investment-driven personalization.
  • MineSense Technologies — MineSense Technologies is a developer of a data analytics platform intended to monitor and improve the productivity and recovery of mines. The company's platform provides businesses with real-time, sensor-based sorting of low-grade ore to a level of sensitivity and to identify differences in mineralogy, enabling the mining industry to sortores easily and enhance mineral planning.MineSense Technologies was founded in 2008 and is headquartered in Vancouver, Canada.
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Bantam Group
VC Fund · Westwood, Massachusetts, United States

They are passionate about seeing their portfolio companies become successful.

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Investment focus

  • Software, Internet, SaaS
  • Seed, Pre-Seed, Angel
  • United States, Canada, Israel

Portfolio highlights

  • Cyvl.ai — Next-gen infrastructure asset management for governments and civil engineers. Powered by Cyvl's 3D scanning sensors and artificial intelligence algorithms.
  • Slate Milk — Slate is a line of delicious, lower sugar, higher protein, lactose free chocolate milks and lattes for healthy-minded people.
  • Surround Insurance — Helping consumers in their 20s and 30s get started with insurance that's fast, simple, and personalized for modern life.
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Joe Caruso
Angel · Boston, Massachusetts, United States

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.

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Investment focus

  • Software, Internet, SaaS
  • Seed, Pre-Seed, Series A
  • United States, France, Israel

Portfolio highlights

  • AceUp — AceUp is the premier leadership development coaching solution, with unparalleled coaches, technology, and analytics.
  • Konnecto — Market Intelligence | Konnecto | Prescriptive Analytics Konnecto is a GTM Intelligence Platform that provides brands with an ongoing blueprint on how to increase online sales and improve marketing ROI
  • Surround Insurance — Helping consumers in their 20s and 30s get started with insurance that's fast, simple, and personalized for modern life.
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AngelHub Ventures
VC Fund · Stellenbosch, NA - South Africa, South Africa · 1 investment in the past 12 months

Operating out of Stellenbosch in South Africa and backed by two family offices Angelhub Ventures's team is passionate about early stage investments in (South) Africa. Being entrepreneurial ourselves, we thoroughly understand the challenges and changes our founders face – which is why we back them in any way we can. Most importantly, we believein building great businesses and we are in it for the long haul.

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Investment focus

  • Software, Information Technology, Education
  • Seed, Series A
  • South Africa

Portfolio highlights

  • Syscap — Syscap is a financial technology company that offers cutting-edge solutions to financial institutions to have a better administration and management of their funding sources. It connects the leaders of financial and real estate institutions with their funders. For institutions, the company ensures the optimization of their funding source managementprocesses, but also the strengthening of the relationship with their funders. To funders, Syscap guarantees the transparency and timely monitoring of its funds for the safety and growth of its resources.
  • Godochurch — GoDoChurch is a cloud-based church administration software which is designed to assist Christian churches and ministries with managing members, Sunday services, events, communications, and more. The system is made up of a base package, covering messaging, news, ministries, lists, church roles, services, events, and growth paths, with additionalmodules for managing follow-ups, groups, and Kids church.
  • Ikeja Wireless — Welcome to your Ikeja. We are a home-grown tech company that builds services enabling affordable internet access to Ekasi. We may have coverage in your area!
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Kanyi Maqubela
Angel · San Francisco, California, United States

Kanyi is a Managing Partner at Kindred Ventures, an early stage venture fund investing in mission-driven technology companies at the earliest stages. Previously, he served as a Partner at Collaborative Fund. Kanyi is a co-founder at Heartbeat Health, and previously ran growth at One Block Off the Grid (acquired by $NRG) and was an early employeeat Doostang (acquired by Universum Global). Kanyi has also served as a Lecturer and Adjunct at New York University Tisch School of the Arts, a curriculum adapted from his time in undergrad at Stanford University, where he studied Philosophy.

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Investment focus

  • FinTech, Financial Services, SaaS
  • Seed, Pre-Seed, Angel
  • United States, Brazil, Canada

Portfolio highlights

  • Qwili — Qwili makes smartphones with a voice-guided, local language onboarding experience for new users.
  • Parcha AI — Parcha is an AI-powered enterprise software that enables businesses to automate their scale compliance and operations.
  • Mediachain — Mediachain automatically connects media to its creator and information about it, and is a protocol for registering, identifying, and tracking creative works online. It automatically resolves media to who made it, what its about, and where it originated using content indentification technologyMediachain also lets creators, organizations, anddevelopers collaborate on metadata in an open, universal media library and allows participants to retain control over their data while broadening their reach using a decentralized architecture
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Vumela Fund
VC Fund · Hyde Park, Newtownabbey, United Kingdom

Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable and a financially and operationally independent investment business which invests in high growth small, medium and micro size enterprises with good economic and impact returns.Vumela wascapitalised in 2010. Within the first four years, we’d invested R90 million into eight high growth SMEs, and created a total of 400 jobs. They launched their second fund in 2015, after a further investment of R100 million from FirstRand and R127 million from the Jobs Fund. Within the first year of launching this second fund, we’ve committed R43 million to five investments that are expected to create over 1800 new jobs.The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the Shalamuka Foundation and the FirstRand Group.

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Investment focus

  • Education, Software, Primary Education
  • Funding Round, Seed, Debt Financing
  • South Africa, Brazil

Portfolio highlights

  • Inoxico — Inoxico is a provider of business-to-business credit risk solutions. We combine quality data and cutting edge technology to deliver predictive analytics.
  • Kombo King — Kombo King Ventless Fryer Tech removes the need for plumes of steam & the constant eye of an inconsistent employee to Revolutionize & solve the frying industry!
  • Kusini Water — Kusini Water builds water treatment systems from nanotechnology and macadamia nut shells.
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Knife Capital
VC Fund · Cape Town, NA - South Africa, South Africa

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Investment focus

  • Software, Information Technology, Manufacturing
  • Funding Round, Series A, Seed
  • South Africa, United States, Sweden

Portfolio highlights

  • Octiv — Octiv is a well-known platform for gym management software.
  • wamly — Streamline your hiring process and save 70% of your hiring hours with Wamly's our one-way video interview software.
  • VoxCroft — VoxCroft is making the world a better, safer place with population-centric intelligence.
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Ashwin Ravichandran
Angel · Accra, Greater Accra, Ghana

Ashwin Ravichandran is the Co-Founder & Head of Operations at Spark. Ashwin attended Amrita Vishwa Vidyapeetham.

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Investment focus

  • Retail, E-Commerce, Mobile Apps
  • Pre-Seed, Seed
  • Ghana, South Africa

Portfolio highlights

  • Qwili — Qwili makes smartphones with a voice-guided, local language onboarding experience for new users.
  • Wi-Flix
  • Shopa — Shopa is a digital platform that engages the gap between informal retailers and manufacturers for ordering and delivery services.
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