Top 50 Hardware VC (Venture Capital) Funds in South Africa in October 2023

Portfolio highlights

• Adumo — We are your expert partner in payments, enabling you to seamlessly and securely accept payments in-store and online with our true omni-channel experience. Never miss a sale with South Africa's largest independent payments processor.
• Hecate Energy — Hecate Energy is a developer of solar, wind, and energy storage projects.
• Pulse Clean Energy — Pulse Clean Energy builds and operates power stations. We deliver power into the UK’s network when it is most needed.

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.

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!

Portfolio highlights

• LifeQ — We empower everyone to delay aging, optimize your health, harness more energy, reduce the probability of disease, and understand why and how your body is changing, right now! It is in your power to be your biologically younger self.
• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.
• FCB.ai — FCB.ai is the conductor of a conversational AI ecosystem to produce impactful onboarding and servicing customer experiences.
• Shortlist — Shortlist works with impact-first organizations to find top talent by using recruiting technology and human touch to go beyond CVs.

Portfolio highlights

• Duplo — We enable businesses across Africa to simplify their payment flows.
• Ndovu — Secure your investments in both local and global financial markets on ndovu - a secure, affordable, hassle-free online investment platform in Africa designed to work your money
• Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans

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.

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

Portfolio highlights

• GoMetro — GoMetro designs deploy and operate flexible mobility platforms. Their proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold new mobility strategies. Their connected transport digital platform equips transport planners to respond to thechallenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.
• 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.
• Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.

Portfolio highlights

• Balad — Balad is Egyptian Cross Border Payout Network primarily serving Money Transfer Operators (MTOs), fintechs and mobile wallets. Targeting sending markets including GCC, EU, US, Canada, and UK
• Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
• Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.

Portfolio highlights

• Accrual — We are a Software Development Company
• Cyrrix Cybersecurity — At Cyrrix Cybersecurity, we understand the importance of protecting your business from online threats. Our team provides a full range of cybersecurity services to help safeguard your company's sensitive information and systems. We offer comprehensive risk assessments, penetration testing, and incident response planning to identify and addressvulnerabilities in your network. Our managed security services provide ongoing monitoring and threat detection to keep your business protected around the clock. With our help, you can rest easy knowing that your company's valuable assets are secure.
• Aesthetic Prosthetic Bionics — Biological Engineering, Bionics, Biomimetics, Hydraulics, Prosthetics, Neuroprosthetics, Exoskeleton Suits, Dynamics, Kinematics Robotics, Human-Robot Interaction, Artificial Organs, Artificial Intelligence, Quantum Computing, Knowledge Reasoning, Machine Learning, Natural Language Processing, Computer Vision, Robotics, Artificial GeneralIntelligence, Deep Learning, Bayesian Networks, Evolutionary Algorithms, Computational Neuroscience, Neurocybernetics, Cybernetics, Cognitive Science, Source Coding, Channel Coding, Algorithmic Complexity Theory, Algorithmic Information Theory, Information-Theoretic Security, Grey System Theory & Biotechnology

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.

Portfolio highlights

• Deskree — Generate a complete and scalable back-end infrastructure with tons of features via a web interface. Infinitely scalable & truly independent.
• EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
• Series — Series provides full-stack enterprise financial services designed for institutions & enterprises.

Portfolio highlights

• OlaClick (YC W21) — Create electronic menu boards for your restaurant or store. It is totally free. QR codes menu or digital menu boards. Digitalize your menu in an instant and start receiving orders !
• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.
• Alvin — Alvin is a powerful mobile app that automatically creates and adjusts your budget to help you meet your goals.

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

Portfolio highlights

• 0xPass — Frictionless auth and login for your dapp
• Arkifi — Arkifi is an artificial intelligence company that develops AI-powered financial analyst tools. Arkifi's framework generates consistent results that avoid fabricating factual details (referred to as "hallucination"), instilling enterprises with an unmatched level of confidence in the outcomes.
• Gradia Health — Gradia is an integrated, concierge care platform designed for clinics to support patients with chronic conditions.

Portfolio highlights

• Craydel — Get Professional career guidance based on Psychometric Assessments and get scholarships to the best MBA, Engineering, Medical, Education online and on campus courses in Africa and Abroad.
• EMTECH — For Modern Central Banking
• Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.

Portfolio highlights

• Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
• Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
• Fixit45 — Your best ever automobile service experience awaits you.

Portfolio highlights

• MetaPOS — South African Data Tech company focused on the ethical monetisation of data.

Portfolio highlights

• Mobiz — Supercharge your SMS marketing with dynamic, high-converting landing pages sent directly into the hands of your customers.
• Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
• MFS Africa — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.

Portfolio highlights

• OnePipe — OnePipe aggregates APIs from banks and fintechs into a standardized gateway that is easy to integrate and makes partnerships seamless.
• Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
• 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.

Portfolio highlights

• Mobiz — Supercharge your SMS marketing with dynamic, high-converting landing pages sent directly into the hands of your customers.
• Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
• Yebo Fresh — Powering South Africa's Township Economy.

Portfolio highlights

• UniPay — UniPay is an eCommerce platform for infrastructure and industry-lacking regions that offers 5 products that enable trust, promote transparency, and enforce accountability.
• NotJustEvent — NotJustEvent stands at the forefront of innovation as a comprehensive event platform transforming the event planning and management landscape, utilizing advanced technologies and offering a versatile suite of services. We seamlessly link event organizers, vendors, performers, and attendees within our dynamic ecosystem. Our platform elevates theevent planning process by providing an array of high-quality event-related services, such as venue rentals, catering, ticketing, decorations, and more.
• Emission Sentri — Drive emission management and reduction with insights

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.

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.

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.

Portfolio highlights

• Adumo — We are your expert partner in payments, enabling you to seamlessly and securely accept payments in-store and online with our true omni-channel experience. Never miss a sale with South Africa's largest independent payments processor.
• My-iMali — My-iMali is a mobile wallet solution used for safe and secure transactions. Pay any number of people for only R1.25, including Staff & Students.
• VantagePay — VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services, and Consumer Product Industries.

Portfolio highlights

• Milliways — Makers of super natural snacks. Masters of nonsense. Plastic free. Planet friendly.
• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

Portfolio highlights

• SigNoz — SigNoz is an open-source observability tool to help you find issues in your deployed applications & solve them quickly. It provides logs, metrics, and traces under a single pane of glass. Built with ClickHouse as datastore, it is designed to handle enterprise scale.
• teachme.to — Teachme.to is a community of learners discovering lessons for everything.
• Canid — We believe vaccinating shouldn't be hard and it shouldn't be a distraction from what's most important: taking care of the kids.

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.

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.

Portfolio highlights

• Waspito — We are the platform that engages Africa into the conversation and action to drive affordable and accessible quality healthcare across the continent.
• Afrikamart — Afrikamart is a west African distribution platform for fresh produce that offers its marketing services to producers - suppliers - and operates as a digital purchasing center for retailers, hotels and restaurants - customers.We combine extensive use of digital with its experience in the food value chain to: - Facilitate information exchangebetween suppliers and customers (purchase price, sale price, product availability, harvest and purchase forecasts) - Organize end-to-end logistics with a network of transporters - Optimize financial and product flows according to different purchase and payment termsOur team includes experienced technology driven individuals with a strong experience in food commodity trading. Afrikamart brings pragmatic solutions to solve food value chain inefficiencies in West Africa while empowering hundreds of underprivileged women and young people with economic opportunities.
• TooMuchWifi — TooMuchWifi is known to be the Best and most Reliable Wifi provider. Ideal for your home or business!

Portfolio highlights

• Maholla — Maholla is a consumer technology company focused on delivering value to millions of shoppers in Africa's emerging markets. Rewarding shoppers for any purchase from any store, Maholla is building a consumer rewards experience that is completely agnostic of any specific brand, retailer and payment mechanism.
• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

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!

Portfolio highlights

• TestBox — Compare and test customer support platforms in live AI-generated sandboxes. No more slides, sales pitches, or demos. Always free to use.
• Stark — Stark is a startup that lets designers of other buildings with design software run their files through an integrated tool that checks it and provides color edits and other suggestions to help them meet guidelines for people who see less well.
• Akiba Digital — Akiba Digital is a data and technology company that provides financial intelligence solutions. Our vision is to to unlock financial opportunities for consumers, businesses and society using alternative data.

Portfolio highlights

• Sami — Sami is a Brazil-based health plan startup that provides a technology-based solution intended to be used in the healthcare sector. The company focuses on making health care simpler, more efficient, and friendlier by using simplified solutions, thus, providing patients with reduced costs for their medical care needs. Their mission is to transformBrazilian health into something simple, easy, reliable, and accessible, which helps each person to be their best version.Founded by Vitor Asseituno and Luiz Guilherme Berardo in 2018 and is based in São Paulo, Brazil.
• Thunes — Payment infrastructure for a connected world.
• InvGate — InvGate is the solution to build a modern service desk and empower IT with total visibility of your IT estate.

Portfolio highlights

• Teampay — Empower employees with software that requests, approves, and tracks company spending in real-time. Integrations with QBO, Intacct, Netsuite, Xero & Slack.
• LeadMethod, Inc. — LeadMethod is a software company focused on channel partner engagement and sales enablement, two factors that drive the most ROI, and channel partner loyalty. LeadMethod works with more than 23,000 suppliers, reps, and distributors to better align their businesses for growth. LeadMethod clients see between a 10-20% increase in revenue and havestronger communication and collaboration with their channel partners. LeadMethod can be used as a stand-alone system or integration with more than 65 CRM, marketing automation, or ERP systems for a total solution.LeadMethodwas founded in 2014 and is based in Bend, Oregon
• TooMuchWifi — TooMuchWifi is known to be the Best and most Reliable Wifi provider. Ideal for your home or business!

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

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.

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

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.
• Ukheshe Technologies — Ukheshe Technologies is a technology company with a single API to integrate our fully digital financial services, including wallets, payment innovations and card issuing.

Portfolio highlights

• Pyrpose — Pyrpose is a climate finance platform.
• Sytemap — We are building a blockchain-based property record to help home buyers and financial companies access, view and verify properties starting from digitizing Estate project layouts (Sytemap) Sytemap is a first step that allows us access to a large pool of property data. The end goal can really be described as building Zillow for Africa.
• Natix Network — Earn passive income by owning a part of your favourite city

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.

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.

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.

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.

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.

Portfolio highlights

• TooMuchWifi — TooMuchWifi is known to be the Best and most Reliable Wifi provider. Ideal for your home or business!
• Femna Health — Femna Health offers virtual access to diagnostics and therapeutic solutions for women's health.

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.