Top 5 Proptech VC Funds & Investors in South Africa (October 2023)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
CRE Venture Capital
VC Fund
|
2 | South Africa, Nigeria, United States | Seed, Series A, Pre-Seed | Financial Services, FinTech, Software | $250k–$20M |
|
Vumela Fund
VC Fund
|
1 | South Africa, Brazil | Seed, Debt Financing | Education, Software, Primary Education | |
|
Kalon Venture Partners
VC Fund
|
1 | South Africa, Luxembourg, United States | Seed, Series A | Apps, Mobile Apps, Software | $539k–$3M |
|
Newtown Partners
VC Fund
|
1 | South Africa, Kenya, Nigeria | Seed, Series A | Logistics, Health Care, Information Technology | $600k–$7M |
|
Knife Capital
VC Fund
|
1 | South Africa, United States, Sweden | Series A, Seed | Software, Information Technology, Manufacturing | $2M–$6M |
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Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.
Show more...Investment focus
- Industry: Financial Services, FinTech, Software
- Stage:Seed, Series A, Pre-Seed
- Geography: South Africa, Nigeria, United States
Investor stats
- Total investments: 49
- Round size: Seed $300k–$5M; Pre-Seed $250k–$3.3M; Series A $1.1M–$20M
- Lead/follow: 27% lead, 73% follow
Portfolio highlights
- Sava — Sava is a multi-management platform that provides an unlimited number of virtual cards as well as automated accounting reconciliation.
- Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
- Bettr — Bettr is a digital banking app for creator. Download the app to get your zero monthly fee digital bank account and virtual card. Join our community of creators, gamers, influencers, freelancers, tiktokkers, streamers, YouTubers and digital gig workers.
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.
Show more...Investment focus
- Industry: Education, Software, Primary Education
- Stage:Seed, Debt Financing
- Geography: South Africa, Brazil
Investor stats
- Total investments: 14
- Lead/follow: 79% lead, 21% follow
- Last fund: May invest from a new fund soon — raised $12M in 2015
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.
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.
Show more...Investment focus
- Industry: Apps, Mobile Apps, Software
- Stage:Seed, Series A
- Geography: South Africa, Luxembourg, United States
Investor stats
- Total investments: 15
- Round size: Seed $539k–$3M
- Lead/follow: 73% lead, 27% follow
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.
Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.
Show more...Investment focus
- Industry: Logistics, Health Care, Information Technology
- Stage:Seed, Series A
- Geography: South Africa, Kenya, Nigeria
Investor stats
- Total investments: 20
- Round size: Seed $600k–$5.5M; Series A $3.6M–$7M
- Lead/follow: 35% lead, 65% follow
Portfolio highlights
- BeyondTrucks — Vertical SaaS
- Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.
- Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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Show more...Investment focus
- Industry: Software, Information Technology, Manufacturing
- Stage:Series A, Seed
- Geography: South Africa, United States, Sweden
Investor stats
- Total investments: 23
- Round size: Series A $2M–$6M
- Lead/follow: 67% lead, 33% follow
- Last fund: May invest from a new fund soon — raised $10M in 2021
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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