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Top 50 Software VC Funds & Investors in South Africa (May 2026)

The most active venture capital funds investing in South Africa Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in South Africa Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Kalon Venture Partners
VC Fund
8 South Africa, Luxembourg, United States Seed, Series A Apps, Mobile Apps, Software $539k–$3M
AngelHub Ventures
VC Fund
7 South Africa Seed, Series A Software, Information Technology, Education $300k–$1.7M
4Di Capital
VC Fund
7 South Africa, United States, Uganda Seed, Series A, Series B Software, Mobile, Financial Services $431k–$6.4M
Launch Africa
VC Fund
7 Nigeria, South Africa, Kenya Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$3M
Knife Capital
VC Fund
7 South Africa, United States, Sweden Series A, Seed Software, Information Technology, Manufacturing $2M–$6M
HAVAÍC
VC Fund
5 South Africa, United States, Kenya Seed, Pre-Seed Health Care, Financial Services, Software $54k–$4M
Old Mutual Investment Group
VC Fund
3 South Africa, Malawi, Australia Private Equity, Series A Retail, FinTech, Finance $4.3M–$15M
CRE Venture Capital
VC Fund
3 South Africa, Nigeria, United States Seed, Series A, Pre-Seed Financial Services, FinTech, Software $250k–$20M
Quona Capital
VC Fund
3 India, Brazil, Indonesia Series A, Series B, Seed Financial Services, FinTech, Finance $1.1M–$45M
LoftyInc Capital Management
VC Fund
3 United States, Nigeria, Egypt Seed, Pre-Seed, Series A FinTech, Financial Services, Software $100k–$15M
Oui Capital
VC Fund
3 Kenya, Nigeria, United States Pre-Seed, Seed Transportation, Information Technology, B2B $40k–$1.1M
IDF Capital SA
VC Fund
3 South Africa Seed Automotive, Mobile Apps
Imvelo Ventures
VC Fund
3 South Africa Seed Software, FinTech, Financial Services $539k–$2M
Newtown Partners
VC Fund
3 South Africa, Kenya, Nigeria Seed, Series A Logistics, Health Care, Information Technology $600k–$7M
Speedinvest
VC Fund
2 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $396k–$50M
Bose Ventures
VC Fund
2 United States, Denmark, South Africa Series B, Series A Software, Wearables, Artificial Intelligence $1.5M–$80M
Vumela Fund
VC Fund
2 South Africa, Brazil Seed, Debt Financing Education, Software, Primary Education
TTV Capital
VC Fund
2 United States, Canada, Ireland Series A, Seed, Series B FinTech, Financial Services, Software $3M–$35M
Capaci.Tech
VC Fund
2 South Africa, United States Seed SMS, Apps, SaaS $92k–$4M
4 Decades Capital
VC Fund
2 South Africa Seed Apps, Travel, Big Data
Hlayisani Growth Fund
VC Fund
2 South Africa Seed Education, Apps, SaaS
Technology Innovation Agency
VC Fund
2 South Africa Grant, Seed, Pre-Seed Information Technology, Renewable Energy, Health Care $20k–$1M
Everywhere Ventures (The Fund)
VC Fund
2 United States, Australia, India Pre-Seed, Seed, Series A Software, FinTech, Health Care $50k–$57M
Soma Capital
VC Fund
2 United States, India, Mexico Seed, Pre-Seed, Series A Software, FinTech, Financial Services $150k–$22M
Black Silver Capital
VC Fund
2 South Africa Seed, Pre-Seed, Series A Information Technology, FinTech, Finance $243k–$9.1M
Future Africa
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $40k–$20M
Konvoy
VC Fund
2 United States, Canada, Sweden Seed, Series A, Series B Gaming, Video Games, Software $500k–$10M
UW Ventures
VC Fund
2 South Africa Seed, Series A FinTech, Payments, Insurance $431k–$31M
Edge Growth
VC Fund
2 South Africa Seed, Debt Financing Software, Education, Accounting
Goodwell Investments
VC Fund
2 Kenya, Nigeria, South Africa Series A, Series B FinTech, Financial Services, Software $1.5M–$14M
Hustle Fund
VC Fund
2 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $77k–$40M
Investec
VC Fund
2 United States, United Kingdom, Australia Debt Financing, Series A Software, Financial Services, Energy $1M–$215M
Raine Ventures
VC Fund
2 United States, Israel, Sweden Series A, Series B, Seed Mobile, Gaming, Internet $2M–$85M
Allan Gray
VC Fund
2 South Africa, United States Seed, Series A Insurance, Health Care, SaaS $431k–$4M
AlphaCode Club
VC Fund
2 South Africa, United Kingdom Grant, Debt Financing Financial Services, FinTech, Automotive $24k–$655k
Savannah Fund
VC Fund
2 Kenya, United States, South Africa Seed, Series A, Pre-Seed E-Commerce, FinTech, Information Technology $25k–$8M
Riot Games
VC Fund
2 United States, Germany, China Seed, Series A Gaming, Video Games, Mobile Apps $2M–$4.7M
LeapFrog Investments
VC Fund
1 India, Ghana, Nigeria Private Equity, Series D Financial Services, Finance, FinTech $6.8M–$110M
KNF Ventures
VC Fund
1 South Africa Series A SaaS, EBooks, EdTech
Nurture Invest
VC Fund
1 South Africa Series A Software, Point of Sale
African Infrastructure Investment Managers
VC Fund
1 Nigeria, South Africa Private Equity, Debt Financing Solar, Energy, SaaS
Crossfin Technology
VC Fund
1 South Africa, United States, Russian Federation Series A, Private Equity Payments, Financial Services, Information Technology
CV VC
VC Fund
1 United States, Switzerland, Germany Seed, Pre-Seed Blockchain, Software, Information Technology $125k–$6M
Ayre Group
VC Fund
1 United States, United Kingdom, South Africa Seed, Series A Blockchain, Video Streaming, Information Technology $369k–$4.4M
468 Capital
VC Fund
1 Germany, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1.5M–$20M
iHub
VC Fund
1 Kenya, South Africa Seed Education, E-Learning, EdTech
Skywell Capital Partners
VC Fund
1 Israel, United States, Canada Seed, Series A Artificial Intelligence, Software, Financial Services $250k–$35M
Wavecrest Growth Partners
VC Fund
1 United States, United Kingdom, Canada Private Equity, Seed Software, SaaS, Enterprise Software
Andreessen Horowitz
VC Fund
1 United States, United Kingdom, Canada Series A, Series B, Seed Software, Information Technology, Internet $1.4M–$100M
Investment One
VC Fund
1 South Africa Series A FinTech, Payments, Mobile Apps
Access all 90 VC funds in South Africa Software startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Kalon Venture Partners
VC Fund · Johannesburg, NA - South Africa, South Africa · 8 investments in South Africa Software startups

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.

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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.
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AngelHub Ventures
VC Fund · Stellenbosch, NA - South Africa, South Africa · 7 investments in South Africa Software startups

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

  • Industry: Software, Information Technology, Education
  • Stage:Seed, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 12
  • Round size: Series A $300k–$1.7M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

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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4Di Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 7 investments in South Africa Software startups

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

  • Industry: Software, Mobile, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: South Africa, United States, Uganda

Investor stats

  • Total investments: 27
  • Round size: Seed $431k–$1.7M; Series A $3.4M–$6.4M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 7 investments in South Africa Software startups, 18 in the past 12 months

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $200k–$3M; Pre-Seed $200k–$1M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $36M in 2022

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.
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Knife Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 7 investments in South Africa Software startups

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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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HAVAÍC
VC Fund · Cape Town, NA - South Africa, South Africa · 5 investments in South Africa Software startups

HAVAÍC is an investment and advisory firm that specialises in early-stage, high-growth African businesses with proven concepts and global prospects, offering investment opportunities to sophisticated investors and international venture capital companies with an interest in Africa. As a complementary offering, HAVAÍC provides corporate advisory andcapital raising services to emerging, internationally scalable businesses.

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Investment focus

  • Industry: Health Care, Financial Services, Software
  • Stage:Seed, Pre-Seed
  • Geography: South Africa, United States, Kenya

Investor stats

  • Total investments: 22
  • Round size: Seed $54k–$4M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

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.
  • FinAccess — FinAccess is a banking software for microfinance organisations.
  • 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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Old Mutual Investment Group
VC Fund · Cape Town, NA - South Africa, South Africa · 3 investments in South Africa Software startups

As a leading African investment manager, we aim to deliver sustainable long-term returns for clients via our comprehensive range of investment capabilities.

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Investment focus

  • Industry: Retail, FinTech, Finance
  • Stage:Private Equity, Series A
  • Geography: South Africa, Malawi, Australia

Investor stats

  • Total investments: 13
  • Round size: Series A $4.3M–$15M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • CoverGo — CoverGo is the ultimate no-code insurance platform helping insurance companies build and launch products at record speed and configured for every product line.
  • Gala Macs — Gala Macs is an agricultural company engaged in the production of macadamia nuts.
  • Pineapple — In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest andcover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to manyPineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.
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CRE Venture Capital
VC Fund · New York, New York, United States · 3 investments in South Africa Software startups

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.

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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.
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Quona Capital
VC Fund · Washington, District of Columbia, United States · 3 investments in South Africa Software startups, 17 in the past 12 months

Quona Capital invests in fintech innovators that are advancing inclusion in emerging markets. Through our investments, Quona aims to deliver outstanding financial returns while making a lasting and positive impact on the world.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Series A, Series B, Seed
  • Geography: India, Brazil, Indonesia

Investor stats

  • Total investments: 132
  • Round size: Seed $1.1M–$11M; Series A $2.3M–$14M; Series B $6.2M–$45M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Caliza — Give your users access to the digital dollar economy. Get early access!
  • ZestMoney — Enjoy the convenience of shopping for electronic gadgets, fashion, travel, education on EMI without credit card. No debit card or credit score required!
  • Bureau — Bureau is trust network that facilitates end-to-end identity verification, compliance, and fraud prevention for new-age businesses.
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LoftyInc Capital Management
VC Fund · Carmel, California, United States · 3 investments in South Africa Software startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 111
  • Round size: Seed $100k–$3.2M; Pre-Seed $100k–$2M; Series A $250k–$15M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — fund raised in 2021

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.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Oui Capital
VC Fund · Belmont, Massachusetts, United States · 3 investments in South Africa Software startups

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

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Investment focus

  • Industry: Transportation, Information Technology, B2B
  • Stage:Pre-Seed, Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 22
  • Round size: Pre-Seed $40k–$1.1M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2022

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
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IDF Capital SA
VC Fund · Johannesburg, NA - South Africa, South Africa · 3 investments in South Africa Software startups

IDF Capital is an established financier, that invests in high growth SMEs and entrepreneurial businesses. Specialist Entrepreneurial Financing Institution

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Investment focus

  • Industry: Automotive, Mobile Apps
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Carscan — cARscan is an Augmented Reality app with an embedded visual recognition AI to track the visual condition of every motor vehicle during its life-stage.
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Imvelo Ventures
VC Fund · Sandown, NA - South Africa, South Africa · 3 investments in South Africa Software startups

Imvelo Ventures is a venture capital and growth equity firm in South Africa managed by Capitec Bank.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 4
  • Round size: Seed $539k–$2M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • BancX — bancX is a modular, as-a-service platform for banks, fintechs, lenders, and retailers to build or extend their offering to meet market demand.
  • Lipa Payments — Lipa [ lee-puh ] Payments is a payment software solution for banks and fintech's that allows small merchants to perform digital transactions using NFC and Bluetooth technology. We remove the need for additional payment terminal hardware. Start transacting in less than hour with our SDK.
  • The Cape Town Stock Exchange — The Cape Town Stock Exchange is a south Africa’s stock exchange for small- and medium-sized businesses.
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Newtown Partners
VC Fund · Cape Town, NA - South Africa, South Africa · 3 investments in South Africa Software startups

Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.

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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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Speedinvest
VC Fund · Vienna, Wien, Austria · 2 investments in South Africa Software startups, 53 in the past 12 months

Speedinvest is one of Europe’s most active early-stage investors, with more than €1bn AUM, 40 investors, and offices in Berlin, London, Munich, Paris, Vienna and San Francisco. Your success is our priority, so we don’t just send some money and "check in" at board meetings. Our mission is to empower you with game-changing support throughevery stage of your journey. Our focused investment teams know your industry inside and out. Their Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions experience, know-how and deep networks are yours from day one. You also have full access to our in-house Platform+ team of operational experts who can provide tailored growth marketing, people (HR), US business development, and networking support throughout every stage of your journey.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Austria

Investor stats

  • Total investments: 390
  • Round size: Seed $536k–$6.5M; Pre-Seed $396k–$1.9M; Series A $1.4M–$50M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • autone — Autone is a SaaS operational platform enabling retail & CPG businesses to make optimal decisions easily and quickly
  • Genie — Genie is a productive web development framework in Julia. Build web applications, UIs, backends, integrate with databases, set up web services and APIs.
  • Purpose Green — Purpose Green operates as a climatetech company.
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Bose Ventures
VC Fund · Framingham, Massachusetts, United States · 2 investments in South Africa Software startups

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

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Investment focus

  • Industry: Software, Wearables, Artificial Intelligence
  • Stage:Series B, Series A
  • Geography: United States, Denmark, South Africa

Investor stats

  • Total investments: 19
  • Round size: Series A $1.5M–$8.3M; Series B $6M–$80M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2018

Portfolio highlights

  • Pison — Pison is a human performance company optimizing cognitive and physiological capability through gesture control. It's a full-stack solution combine hardware, software, machine learning, and UX for AR industries and drones. Investors and partners include Special Forces, Air Force, Harris, First Round DRF, MIT, Draper, and NASA.
  • Vesper — Vesper is an electrical and electronic manufacturing company that specializes in microphones, piezoelectric, and audio. The company is driven by a mission is to deliver voice-powered products to every market, around the world. Vesper was founded in 2009 and headquartered in Boston, Massachusetts.
  • Medrhythms — Pioneering Next-Generation Digital Therapeutics to Improve Walking  
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Vumela Fund
VC Fund · Hyde Park, Newtownabbey, United Kingdom · 2 investments in South Africa Software startups

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

  • 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.
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TTV Capital
VC Fund · Atlanta, Georgia, United States · 2 investments in South Africa Software startups, 12 in the past 12 months

TTV Capital is a venture capital firm that funds and supports the businesses that shape the financial future of the world.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Ireland

Investor stats

  • Total investments: 130
  • Round size: Seed $3M–$7.5M; Series A $3.2M–$20M; Series B $5M–$35M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Payabli — Payment infrastructure for your software platform. Accept payments from customers and make payouts to vendors and contractors with our API's.
  • Foro — We help your business connect, compare, and choose between top business lenders. Get started to see the best loan options for your business.
  • Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.
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Capaci.Tech
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in South Africa Software startups

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

  • Industry: SMS, Apps, SaaS
  • Stage:Seed
  • Geography: South Africa, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $92k–$4M
  • Lead/follow: 50% lead, 50% follow

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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4 Decades Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Software startups

4 Decades Capital is a venture capital firm based in Cape Town, South Africa.

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Investment focus

  • Industry: Apps, Travel, Big Data
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

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.
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Hlayisani Growth Fund
VC Fund · Fourways, NA - South Africa, South Africa · 2 investments in South Africa Software startups

Hlayisani Growth Fund is focussed on mid-market, high growth private equity investments focussed on South Africa with an allowance for Sub-Saharan Africa and East African countries.

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Investment focus

  • Industry: Education, Apps, SaaS
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% 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.
  • Sticitt — Sticitt is a cashless payment platform. Sticitt services schools, lifestyle and golf estates, as well as events and is assisting one utility company to get clients to pay for water bills using its cashless payments system.
  • d6 group — SCHOOLS Schools Communication Platforms and School Management Software COMMUNITIES Community & Internal Business Communication Platforms MEDIA Let your brand be seen Advertise on
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Technology Innovation Agency
VC Fund · Pretoria, NA - South Africa, South Africa · 2 investments in South Africa Software startups

TIA is an initiative of the Department of Science & Technology (DST) in South Africa, to enable and support technological innovation.

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Investment focus

  • Industry: Information Technology, Renewable Energy, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: South Africa

Investor stats

  • Total investments: 13
  • Round size: Seed $46k–$318k; Grant $20k–$1M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Jobox — Jobox is a student recruitment platform, built to connect employers, students and graduate career offices. Our focus is to improve graduate employability by ensuring all students have the skills they need to enter, stay in, and progress in the world of work.Jobox’s ecosystem provides employers with access to the best diverse & youthfultalent, students with more employment opportunities and universities with data-driven insights aimed at driving graduate employability forward.
  • Aviro Health — We believe that empowering and supporting people to manage their own health benefits everybody.We built the Aviro Pocket Clinic to support self-care and provide access to services. We give people what they need to perform important health checks like regular HIV self-testing and connect them to experts and services who can offer hands-on and supported care when needed.
  • Ownedby Technologies — Ownedby is an interactive asset management solution for business and household assets, focused on appliances and devices, giving these unique identity that is traceable online, yet linked to and controlled by owners.
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Everywhere Ventures (The Fund)
VC Fund · New York, New York, United States · 2 investments in South Africa Software startups, 39 in the past 12 months

Everywhere Ventures (The Fund) is a first-of-its-kind early-stage venture fund created ​by founders for founders​ to support the next generation of entrepreneurs.Everywhere Ventures is a community-powered venture investing platform that integrates the capital, expertise, and mentoring of experienced founders and operators across ten micro funds.The Fund's $50M+ under management comes almost exclusively from the over 500 founders and operators who are its limited partners. Everywhere Ventures operates from the belief that those who have actually built successful companies are best suited to advise and support early-stage startups. Everywhere Ventures invests in pre-seed deals globally usually in the first financing round the company raises. Emphasis is placed on purpose-driven teams across money, health and work verticals.

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Investment focus

  • Industry: Software, FinTech, Health Care
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 115
  • Round size: Seed $1M–$5.6M; Pre-Seed $50k–$1.1M; Series A $11M–$57M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • SATIM — SATIM provides insights based on satellite radar data acquired regardless of weather and day/night time. Using developed software and algorithms SATIM can solve the problem of optimal information extraction from complex SAR imagery.
  • Revio — Subscription billing and payments made easy.
  • Vera — Vera develops an assessment platform to identify and address risks in artificial intelligence and machine learning models. It engages key stakeholders across teams to create data-driven assessments and use data science tools to investigate AI and ML models, helping organizations navigate through uncertainty and protecting companies and individualsfrom risky artificial intelligence systems.
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Soma Capital
VC Fund · San Francisco, California, United States · 2 investments in South Africa Software startups, 46 in the past 12 months

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

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 324
  • Round size: Seed $1M–$6M; Pre-Seed $150k–$3.6M; Series A $2.1M–$22M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — fund raised in 2022

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.
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Black Silver Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Software startups

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.

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Investment focus

  • Industry: Information Technology, FinTech, Finance
  • Stage:Seed, Pre-Seed, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $879k–$9.1M; Pre-Seed $243k–$3.7M
  • Lead/follow: 86% lead, 14% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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
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Future Africa
VC Fund · San Francisco, California, United States · 2 investments in South Africa Software startups, 10 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 80
  • Round size: Seed $500k–$3.7M; Pre-Seed $40k–$3.7M; Series A $7M–$20M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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.
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Konvoy
VC Fund · Denver, Colorado, United States · 2 investments in South Africa Software startups, 6 in the past 12 months

Konvoy Ventures is a thesis driven venture capital firm. We invest in the platforms and technologies at the frontier of gaming.

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Investment focus

  • Industry: Gaming, Video Games, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Sweden

Investor stats

  • Total investments: 47
  • Round size: Seed $500k–$3.3M; Series A $5M–$10M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Afference — Powering the sense of touch in the digital world. Feel digital objects in AR, VR, and XR with our groundbreaking haptic feedback device, the Phantom.
  • Proxima — At Proxima, we aim to push the boundaries of interactive entertainment by blending innovative technology with deep artistry. We believe in the magic of exploration, the power of creativity, and the strength of human connection that form the very foundation of our gaming experiences.
  • CANOPUS Networks — Understand exactly what is happening on your network at all times. CANOPUS indexes terabit-scale traffic in real-time to provide actionable insights and forensic analysis.
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UW Ventures
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in South Africa Software startups

UW is a multi-stage investor that provides growth and replacement capital across the equity-cycle. Its activities span from high-growth venture to mid-market private equity opportunities.

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Investment focus

  • Industry: FinTech, Payments, Insurance
  • Stage:Seed, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $431k–$2.5M; Series A $1.6M–$31M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Synatic — Synatic is a unified platform that enables your business to integrate and automate systems and services without sacrificing enterprise features and 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.
  • Peach Payments — Get Peach as your Payment Gateway and Grow your ecommerce. Process online payments with Visa, Mastercard, Debit Orders, EFT payments, and subscriptions. Plugins for Wix, Shopify, WooCommerce.
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Edge Growth
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in South Africa Software startups

We are SME Development Solutionists, co-creating innovative solutions that combat business growth constraints.

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Investment focus

  • Industry: Software, Education, Accounting
  • Stage:Seed, Debt Financing
  • Geography: South Africa

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $19M in 2013

Portfolio highlights

  • I-G3N — I-G3N is a South African developer of lithium-ion batteries. The company’s core market is on stationary storage in conjunction with Solar PV and focuses on superior products and on the incorporation of the latest technologies to battery functionality. One of the key focus areas is on exporting to the SADC region and the rest of Africa, asextraordinary opportunities exist on the rest of the continent, especially in the development of mini and micro-grids to impact development.
  • Syafunda — Syafunda is an educational platform that provides access to digital content through mobile technology. Inspired by personal experiences growing up in townships where there was a shortage of textbooks and math and science teachers.
  • ProfitShare Partners — ProfitShare Partners utilises tech to fast-track SME performance and delivery through its profit-sharing business model. ProfitShare Partners financially partners on transactions with SMEs to deliver successfully on their orders and contracts with reputable organisations, allowing them to access bigger business and grow exponentially in shortperiods of time.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in South Africa Software startups

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 35
  • Round size: Series A $1.5M–$7.5M; Series B $2M–$14M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 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.
  • SOUK Farms — SOUK Farms is a fresh horticulture supply grower and exporter that pioneers innovation to improve agricultural sustainability and stimulate economic and social development.
  • 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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Hustle Fund
VC Fund · San Carlos, California, United States · 2 investments in South Africa Software startups, 35 in the past 12 months

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.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 205
  • Round size: Seed $958k–$5.4M; Pre-Seed $77k–$1.5M; Series A $2.1M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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.
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Investec
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Software startups

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

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Investment focus

  • Industry: Software, Financial Services, Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, United Kingdom, Australia

Investor stats

  • Total investments: 63
  • Round size: Series A $1M–$20M; Debt Financing $105M–$215M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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.
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Raine Ventures
VC Fund · San Francisco, California, United States · 2 investments in South Africa Software startups

Raine Ventures is an early stage fund managed by The Raine Group. The firm has offices in San Francisco, New York, Los Angeles, London and Shanghai. With a global reach, Raine focuses on investment and advisory opportunities where its deep industry experience and unique network of strategic relationships can create value for portfolio companies andclients.

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Investment focus

  • Industry: Mobile, Gaming, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, Israel, Sweden

Investor stats

  • Total investments: 80
  • Round size: Seed $2M–$6M; Series A $4M–$16M; Series B $13M–$85M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • Material Bank — Material Bank International
  • Rock The Bells — Rock The Bells is an online store for hip-hop culture merchandise.
  • East Asian Super League — EASL creates a premier basketball league while elevating the sport in Asia as the region’s first professional intra-club basketball league. EASL is the premier regional championship competition for club basketball in East Asia.
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Allan Gray
VC Fund · Alfred, New York, United States · 2 investments in South Africa Software startups

Allan Gray is privately owned investment management company focused on generating long-term wealth for investors.

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Investment focus

  • Industry: Insurance, Health Care, SaaS
  • Stage:Seed, Series A
  • Geography: South Africa, United States

Investor stats

  • Total investments: 10
  • Round size: Seed $431k–$4M
  • Lead/follow: 20% lead, 80% follow

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.
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AlphaCode Club
VC Fund · Gauteng, NA - South Africa, South Africa · 2 investments in South Africa Software startups

AlphaCode is a club for next generation financial services entrepreneurs. They are building a world-class financial services eco-system that brings together entrepreneurs, intrapreneurs, industry experts, thought leaders and partner organisations. By connecting, sharing knowledge and developing unique insights, AlphaCode aims to transform thefinancial services industry.

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Investment focus

  • Industry: Financial Services, FinTech, Automotive
  • Stage:Grant, Debt Financing
  • Geography: South Africa, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Grant $24k–$108k; Debt Financing $131k–$655k
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Abela — Abela is a mobile payments platform that allows the underserved to make and receive payments.
  • Vocalysd.ai — Vocalysd is a customer-centric, AI-powered insights tool. Vocalysd unlocks usable, easy-to-digest insights from your conversational data. These insights are key to optimising client interactions and enhancing your customers' experience.
  • Welo Health — Welo Health is an innovative Healthtech Company. It to provide at-home health services.
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Savannah Fund
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in South Africa Software startups

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

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

Investor stats

  • Total investments: 36
  • Round size: Seed $25k–$3M; Pre-Seed $200k–$2.1M; Series A $750k–$8M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

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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Riot Games
VC Fund · Los Angeles, California, United States · 2 investments in South Africa Software startups

Riot Games is the most player-focused game developer and publisher in the world. We published League of Legends in 2009, and have since released Teamfight Tactics, Legends of Runeterra, VALORANT, and League of Legends: Wild Rift.

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Investment focus

  • Industry: Gaming, Video Games, Mobile Apps
  • Stage:Seed, Series A
  • Geography: United States, Germany, China

Investor stats

  • Total investments: 25
  • Round size: Seed $2M–$4.7M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Longjiang Network — Longjiang Network is an AR mobile game developer, dedicated to the development and IP operation of AR games.
  • Wicked Saints Studios — We used behavioral technology to create interactive media that is wickedly fun and actively good. Wicked Saints emerged from Niantic’s incubator last fall (CNBC article) with a prototype of the world’s first adventure activism game, World Reborn. At its simplest, World Reborn is an interactive story game with real-life quests facilitated byaugmented reality (AR). It not only defies genres between narrative and AR games but blends the digital and real world. Wicked Saints sees AR as a bridge between fantasy and reality, with untapped potential to offer players immersive experiences that change them and their world for good.
  • The Believer Company — Join the journey We are building a world-class team to serve players for years to come. If you believe in games, we believe in you.
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LeapFrog Investments
VC Fund · Port Louis Town, Port Louis, Mauritius · 1 investments in South Africa Software startups

LeapFrog invests in extraordinary businesses in Asia and Africa, partnering with their leaders to achieve leaps of growth, profitability and impact.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Private Equity, Series D
  • Geography: India, Ghana, Nigeria

Investor stats

  • Total investments: 40
  • Round size: Series D $36M–$55M; Private Equity $6.8M–$110M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • PasarPolis — PasarPolis is an insurtech startup that provides an online insurance comparison platform for individuals. The company offers quotes for health insurance, life insurance, car insurance, personal insurance, property insurance, and claims processing services.The company was founded by Cleosent Randing in 2015 and is headquartered in Jakarta,Indonesia.
  • MedGenome — MedGenome is a developer of sequencing genomics-based diagnostics and research platform intended to improve global health. The company's platform applies genomics technologies, bioinformatics, computing, and big data analytics to the genetically diverse and large population to understand the genetic basis of cancer, metabolic disorders, eyedisorders, and other rare diseases, enabling the healthcare industry to develop deep insights into diseases at the genetic and molecular level.
  • Shubham Housing Development Finance Company — At Shubham Housing Finance we provide affordable housing loan with a hassle-free documentation process and easy EMI's options for the low-income segment.
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KNF Ventures
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in South Africa Software startups

was a SARS-approved section 12J Venture Capital Company

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Investment focus

  • Industry: SaaS, EBooks, EdTech
  • Stage:Series A
  • Geography: South Africa

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Snapplify — Snapplify is at the forefront of edtech solutions in Africa, and specialises in enabling digital learning for individuals and institutions via the largest digital educational marketplace in Africa. As a global edtech company, Snapplify strives for radical inclusion to level the playing field and equip individuals across emerging markets with theworld-class tools they need to collaborate, innovate and thrive. Snapplify’s technology is used in other educational products to facilitate collaboration throughout the educational community.Snapplify for Education’s award-winning platform is already a top choice for institutions integrating digital education into their classrooms. From software to support, Snapplify provides institutions with everything they need to create a secure, collaborative e-learning environment for students. Snapplify’s robust 24-hour-access digital-library solution offers thousands of free ebooks and widely applicable, curriculum-approved educational content supplied by partner publishers from across the globe. Snapplify’s diversity of device integration allows schools to use its products on the devices that they already have access to, without having to invest in costly digital infrastructure upgrades. Snapplify’s solutions are industry celebrated and globally recognised for their innovation in technology.In order to achieve its educational goals, Snapplify has built strong relationships with diverse partners around the growth of its ebook, e-textbook, and device catalogue, and partnered with international publishers and other key stakeholders to meet the demand for widely relevant, curriculum-compliant digital educational content. As a socially minded company, Snapplify is committed to supporting others and creating sustainable change through collaboration and innovation. Snapplify empowers, inspires, and uplifts teachers via Teacha! (a media hub, resource marketplace, and careers portal for educators); is the digital content partner on a project that delivers technology and e-learning to public schools in South Africa’s Gauteng province, and runs impact programmes through the Snapplify Foundation.Snapplify originated in South Africa, focusing initially on the South African education and digital content industries. Since its establishment in 2012, the company has grown and expanded into new markets in Africa and the United States, with offices across South Africa, as well as in Nairobi, London, Amsterdam and New Jersey. Snapplify is backed by AngelHub Ventures, a venture capital company backed by former First National Bank CEO Michael Jordaan and the Harris family, as well as international investors. In 2019, Snapplify secured $2 million expansion capital from venture capital firm Knife Capital, and empowered African investment manager Hlayisani Capital’s Hlayisani Growth Fund.Snapplify for Education’s award-winning platform is already a top choice for institutions integrating digital education into their classrooms. From software to support, Snapplify provides institutions with everything they need to create a secure, collaborative e-learning environment for students. Through Snapplify’s e-learning and digital library solution, Engage, educators can share teacher-created, multimedia resource materials with students; administrators can manage the access and permissions for multiple student and staff accounts; schools can host their own 24-hour access digital content library (which comes with over 50 000 free resources including study guides, e-textbooks, past exam papers for multiple curricula, children’s books in African languages and more); and students and parents can purchase prescribed e-textbooks. Snapplify’s diversity of device integration allows schools to use its products on the devices that they already have access to, without having to invest in costly digital infrastructure upgrades. Snapplify’s solutions are industry celebrated and globally recognised for their innovation in technology.
  • Granite WMS — GraniteWMS is a barcode-based warehouse management software solution, enabling full traceability of all items in your warehouse and optimising warehouse processes and performance.
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Nurture Invest
VC Fund · Harare, NA - Zimbabwe, Zimbabwe · 1 investments in South Africa Software startups

Nurture Invest is a financial services firm providing asset management, private equity, investment advisory, and corporate advisory services principally.

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Investment focus

  • Industry: Software, Point of Sale
  • Stage:Series A
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • TallOrder — TallOrder improves your overall POS experience. Grow your business with an affordable, fast & accurate Cloud based point of sale solution
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African Infrastructure Investment Managers
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in South Africa Software startups

African Infrastructure Investment Managers (AIIM) develops and manages private equity infrastructure funds designed to invest long-term institutional unlisted equity in African infrastructure projects.

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Investment focus

  • Industry: Solar, Energy, SaaS
  • Stage:Private Equity, Debt Financing
  • Geography: Nigeria, South Africa

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Snapplify — Snapplify is at the forefront of edtech solutions in Africa, and specialises in enabling digital learning for individuals and institutions via the largest digital educational marketplace in Africa. As a global edtech company, Snapplify strives for radical inclusion to level the playing field and equip individuals across emerging markets with theworld-class tools they need to collaborate, innovate and thrive. Snapplify’s technology is used in other educational products to facilitate collaboration throughout the educational community.Snapplify for Education’s award-winning platform is already a top choice for institutions integrating digital education into their classrooms. From software to support, Snapplify provides institutions with everything they need to create a secure, collaborative e-learning environment for students. Snapplify’s robust 24-hour-access digital-library solution offers thousands of free ebooks and widely applicable, curriculum-approved educational content supplied by partner publishers from across the globe. Snapplify’s diversity of device integration allows schools to use its products on the devices that they already have access to, without having to invest in costly digital infrastructure upgrades. Snapplify’s solutions are industry celebrated and globally recognised for their innovation in technology.In order to achieve its educational goals, Snapplify has built strong relationships with diverse partners around the growth of its ebook, e-textbook, and device catalogue, and partnered with international publishers and other key stakeholders to meet the demand for widely relevant, curriculum-compliant digital educational content. As a socially minded company, Snapplify is committed to supporting others and creating sustainable change through collaboration and innovation. Snapplify empowers, inspires, and uplifts teachers via Teacha! (a media hub, resource marketplace, and careers portal for educators); is the digital content partner on a project that delivers technology and e-learning to public schools in South Africa’s Gauteng province, and runs impact programmes through the Snapplify Foundation.Snapplify originated in South Africa, focusing initially on the South African education and digital content industries. Since its establishment in 2012, the company has grown and expanded into new markets in Africa and the United States, with offices across South Africa, as well as in Nairobi, London, Amsterdam and New Jersey. Snapplify is backed by AngelHub Ventures, a venture capital company backed by former First National Bank CEO Michael Jordaan and the Harris family, as well as international investors. In 2019, Snapplify secured $2 million expansion capital from venture capital firm Knife Capital, and empowered African investment manager Hlayisani Capital’s Hlayisani Growth Fund.Snapplify for Education’s award-winning platform is already a top choice for institutions integrating digital education into their classrooms. From software to support, Snapplify provides institutions with everything they need to create a secure, collaborative e-learning environment for students. Through Snapplify’s e-learning and digital library solution, Engage, educators can share teacher-created, multimedia resource materials with students; administrators can manage the access and permissions for multiple student and staff accounts; schools can host their own 24-hour access digital content library (which comes with over 50 000 free resources including study guides, e-textbooks, past exam papers for multiple curricula, children’s books in African languages and more); and students and parents can purchase prescribed e-textbooks. Snapplify’s diversity of device integration allows schools to use its products on the devices that they already have access to, without having to invest in costly digital infrastructure upgrades. Snapplify’s solutions are industry celebrated and globally recognised for their innovation in technology.
  • Starsight Energy — Starsight delivers comprehensive, end-to-end solar solutions that help businesses reduce energy costs and shrink their carbon footprints.
  • Eastcastle Infrastructure — Track record of providing reliable and sustainable connectivity for consumers and communities in Africa
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Crossfin Technology
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in South Africa Software startups

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.

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Investment focus

  • Industry: Payments, Financial Services, Information Technology
  • Stage:Series A, Private Equity
  • Geography: South Africa, United States, Russian Federation

Investor stats

  • Total investments: 14
  • Lead/follow: 43% lead, 57% follow

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.
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CV VC
VC Fund · Zug, Zug, Switzerland · 1 investments in South Africa Software startups

We invest in blockchain

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Investment focus

  • Industry: Blockchain, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Switzerland, Germany

Investor stats

  • Total investments: 44
  • Round size: Seed $139k–$6M; Pre-Seed $125k–$140k
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pyrpose — Pyrpose is a climate finance platform.
  • HouseAfrica — 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
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Ayre Group
VC Fund · St. John's, Newfoundland, Canada · 1 investments in South Africa Software startups

Ayre Group is a venture capital firm that has been disrupting industries and creating iconic brands for decades, from technology, real estate, and Bitcoin, to media & publishing.

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Investment focus

  • Industry: Blockchain, Video Streaming, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, South Africa

Investor stats

  • Total investments: 8
  • Round size: Seed $369k–$4.4M
  • Lead/follow: 88% lead, 12% follow

Portfolio highlights

  • ROW8 — ROW8 is a subscription-free streaming service that gives moviegoers access to new hollywood films straight from theatres, as well as a curated selection of the best hit movies of all time.
  • Centbee — Centbee is a B2C payment company providing cross-border remittances and digital wallet. Founded in 2017, we provide an easy-to-use app that enables financially excluded customers to buy a wide range of important digital goods; and send money to family and friends quickly and cheaply.
  • Buzzmint — Buzzmint is a BSV tech platform that enables brands, creators, media specific businesses and individuals to simply and quickly ideate, create and deploy utility led NFT/Token projects.
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468 Capital
VC Fund · 1 investments in South Africa Software startups, 16 in the past 12 months

468 Capital is a Berlin and San Francisco based technology investment firm. We support leading software, AI and internet growth companies across multiple investment stages.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 118
  • Round size: Seed $1.9M–$14M; Pre-Seed $1.5M–$5.4M; Series A $11M–$20M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $400M in 2022

Portfolio highlights

  • askui — Use natural language to automate your UI tests. Our UI test solution is based on visual features and offers a real no-code black-box test.
  • Metergrid — Metergrid is a developer of SaaS products for specific problems in decentralized energy systems. They offer a market-leading automated cloud solution for the profitable realization, management, and billing of tenant power projects and charging infrastructure.
  • Aleph Alpha — Aleph Alpha develops AI systems for modern security challenges.
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iHub
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in South Africa Software startups, 11 in the past 12 months

iHub is a globally recognized organization that is deeply steeped in the local tech innovation culture. It is fair to say that the iHub has been both the main catalyst for regional tech acceleration and a role model for tech hubs across emerging markets. We are nurturing the best innovation and entrepreneurship ecosystem; one that constantlychallenges and influences technology; one that can be replicated across the continent, as we believe that African innovation will play a critical role in shaping future technology globally.

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Investment focus

  • Industry: Education, E-Learning, EdTech
  • Stage:Seed
  • Geography: Kenya, South Africa

Investor stats

  • Total investments: 11
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SILABU — Make every mind curious! Silabu is a new skill-learning, social networking app that allows Africa's 700 million youths learn academic subjects and new skills from their peers online, attend live group classes from the top 1% tutors with a fee being 10x cheaper than traditional tuition services and to request the top tutors on-demand.
  • ntemata — ntemata enables you automate assessment processes for teachers and holistically analyse competency learning
  • LoHo Learning — Loho Learning is an e-Learning platform that provides customized and interactive education to the schooling generation in a variety of digital formats.
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Skywell Capital Partners
VC Fund · Nicosia, Nicosia, Cyprus · 1 investments in South Africa Software startups

Skywell Capital Partners is a multi-stage venture capital firm that invests in entrepreneurs with visionary ideas around the globe. We are looking for entrepreneurs who are building ground-breaking and sustainable businesses that are going to change the world.

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Investment focus

  • Industry: Artificial Intelligence, Software, Financial Services
  • Stage:Seed, Series A
  • Geography: Israel, United States, Canada

Investor stats

  • Total investments: 9
  • Round size: Seed $250k–$35M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Lendai — Are you a foreign investor that needs loan? Lendai offers the best rates for US mortgages for foreign investors! Apply now!
  • Swish.ai — Unlock the power of AI hyperautomation for your ITSM with our platform. Integrate with any existing tool and gain real-time insights to resolve tickets faster and reduce costs. Revolutionize the way you manage IT service delivery.
  • PicUP — PicUP is an AI-powered optimization and personalization platform for outbound sales and customer service calls
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Wavecrest Growth Partners
VC Fund · Boston, Massachusetts, United States · 1 investments in South Africa Software startups

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.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Private Equity, Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 22
  • Lead/follow: 79% lead, 21% follow
  • Last fund: Likely still investing — raised $290M in 2021

Portfolio highlights

  • EDITED — Market, competitor, and enterprise retail analysis and automation, empowering buyers, planners, merchandisers, and marketers to grow profits.
  • Impel — SpinCar offers automotive dealers, OEMs and online marketplaces the industry’s most advanced platform for digital automotive merchandising. The company’s 360° WalkAround® and Feature Tour™ technology builds trust between buyers and sellers by bringing the physical showroom experience to car shoppers wherever and whenever they want. SpinCar’sproprietary shopper behavioral data and VINtelligent® Retargeting solution enable dealers to deliver hyper-personalized interactions across the entire car shopping journey. To date, more than 200 million virtual WalkArounds have been experienced by car shoppers across more than 15 countries.
  • HICX — HICX Supplier Management Software Solutions. The supplier management platform that unkinks the supply chain & lets everyone win together. Find out more today.
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Andreessen Horowitz
VC Fund · Menlo Park, California, United States · 1 investments in South Africa Software startups, 123 in the past 12 months

Andreessen Horowitz (a16z) is a venture capital firm in Silicon Valley, California, that backs bold entrepreneurs building the future through technology.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 1118
  • Round size: Seed $1.4M–$10M; Series A $6.9M–$45M; Series B $15M–$100M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Foodology — Foodology creates and operates digital restaurant brands made for delivery.The company aims to be a delivery-focused restaurant group in Latam. With its portfolio of virtual brands operated through cloud kitchens, Foodology strives to create a best in class delivery experience for its customers.The company was founded in 2019 by HarvardBusiness School classmates Daniela Izquierdo and Juan Guillermo Azuero.
  • Silo — Silo is a platform that automates the perishable supply chain. More time, more opportunity, less waste.
  • Closing Theory — Closing Theory Studios is a new mobile games studio. Our first title, House Rush, is entering playtest soon! Sign up to check it out.
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Investment One
VC Fund · Lagos, Lagos, Nigeria · 1 investments in South Africa Software startups

Investment One is a financial firm that provides fund management, stockbroking, venture capital, pension and consulting services.

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Investment focus

  • Industry: FinTech, Payments, Mobile Apps
  • Stage:Series A
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • PayCode Inc — Paycode is a South African fintech that combines biometric digital identity and payments in one platform. By offering these two solutions, users are able to access financial services that include cash pay-outs, mobile money, remittances, insurance, microloans, airtime, electricity, and social grants.
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Software VC funding in South Africa at a glance

Stats across 87 deals from 90 investors.

90
investors
in South Africa Software startups
87
deals
in South Africa Software startups
$537k
median round
in South Africa Software startups
56%
lead investors
lead at least one round
30%
Seed
most common funding stage

Access all 90 VC funds in South Africa Software startups.

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