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Top 25 Machine Learning VC Funds & Investors in South Africa (September 2026)

The most active venture capital funds investing in South Africa Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in South Africa Machine Learning startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Knife Capital
VC Fund
3 South Africa, United States, United Kingdom Series A, Venture - Series Unknown Software, Information Technology, Education $1M–$15M
Industrial Development Corporation
VC Fund
2 South Africa, Australia, Luxembourg Debt Financing, Post-IPO Debt, Series A Renewable Energy, Mining, Mobile $6M–$509M
4Di Capital
VC Fund
2 South Africa, United States, Kenya Seed, Series A, Pre-Seed Software, Financial Services, Mobile $677k–$47M
Venture Capital Studio
VC Fund
2 South Africa Seed, Pre-Seed, Series A Information Technology, Venture Capital, Software Engineering $262k–$14M
Norican Group
VC Fund
2 South Africa Series A Software, Manufacturing, Machine Learning $6M–$10M
Imvelo Ventures
VC Fund
1 South Africa Seed, Venture - Series Unknown, Series B Financial Services, FinTech, Software $302k–$5M
University Technology Fund
VC Fund
1 South Africa Seed, Grant Biotechnology, AgTech, Medical $467k–$5M
I’M IN
VC Fund
1 South Africa Seed, Pre-Seed Mobile Apps, Information Technology, Apps $40k–$120k
WZ Capital
VC Fund
1 South Africa Seed, Venture - Series Unknown, Pre-Seed Medical, Health Care, Information Technology
Endeavor South Africa
VC Fund
1 South Africa, United States Seed, Series A, Series B Internet, Payments, Software $2.5M–$48M
Concatenate Capital
VC Fund
1 South Africa Seed FinTech, InsurTech, Insurance
Cypher Holdings
VC Fund
1 South Africa Seed FinTech, InsurTech, Insurance
Laikabot Ventures
VC Fund
1 South Africa Seed FinTech, InsurTech, Insurance
MC2
VC Fund
1 United States, South Africa Series C, Seed Information Technology, SaaS, FinTech $31M–$60M
Automattic
VC Fund
1 United States, United Kingdom, India Seed, Series A, Corporate Round Software, SaaS, Information Technology $777k–$30M
Savannah Fund
VC Fund
1 Kenya, United States, South Africa Seed, Series A, Pre-Seed Software, E-Commerce, FinTech $25k–$12M
BlueOrchard Finance S A
VC Fund
1 India, Nigeria, Vietnam Debt Financing, Series A, Post-IPO Debt Financial Services, Finance, FinTech $3.1M–$220M
Wavecrest Growth Partners
VC Fund
1 United States, Canada, United Kingdom Venture - Series Unknown, Private Equity Software, SaaS, FinTech $13M–$104M
Hannover Re
VC Fund
1 United States, Germany, Brazil Series A, Seed, Private Equity Insurance, FinTech, InsurTech $191k–$47M
AgFunder
VC Fund
1 United States, United Kingdom, India Seed, Series A, Pre-Seed Agriculture, AgTech, Biotechnology $100k–$28M
Capaci.Tech
VC Fund
1 South Africa, Kenya, United States Seed Apps, Software, B2B $10k–$4M
Nedbank
VC Fund
1 South Africa, Australia, United States Debt Financing, Post-IPO Debt, Series A Software, Information Technology, Mining $2M–$700M
LeapFrog Investments
VC Fund
1 India, Nigeria, United Kingdom Private Equity, Series C, Series D Financial Services, Finance, Insurance $9.3M–$180M
Paper Plane Ventures
VC Fund
1 South Africa Series A AgTech, Drones, Farming
Bantam Group
VC Fund
1 United States, Canada, Israel Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $120k–$20M
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Investor list

Knife Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 3 investments in South Africa Machine Learning startups

Knife Capital is an independent growth equity investment firm focusing on innovation-driven ventures with proven traction. By leveraging knowledge, networks & funding, Knife accelerates the international expansion of entrepreneurial businesses that achieved a product/market fit in a beachhead market. Knife have offices in Cape Town andLondon.Knife invests via a consortium of funding partnerships, including SARS section 12J Venture Capital Company KNF Ventures and select family offices. Knife facilitated lucrative exits of local technology companies to the likes of General Electric, Visa, Garmin and Uber.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Series A, Venture - Series Unknown
  • Geography: South Africa, United States, United Kingdom

Investor stats

  • Total investments: 40
  • Round size: Series A $2M–$15M; Venture - Series Unknown $1M–$2M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — raised $50M in 2022

Portfolio highlights

  • wamly — Wamly is the recruitment software, It has given us time back to focus on transformational work.
  • Cue — Cue is one customer service platform for live chat, chatbots and broadcasts across WhatsApp, Messenger, web chat, email and many other digital channels.
  • Optique Optometrists — Optique Optometrists provides comprehensive eye care services, including eye tests, prescription glasses, and contact lenses. The company offers affordable eye care solutions and has multiple branches across South Africa. Customers can book appointments online and access a wide range of eyewear options. Optique Optometrists focuses on deliveringquality vision care and ensuring customer satisfaction through professional services and convenient booking options.
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Industrial Development Corporation
VC Fund · Sandown, NA - South Africa, South Africa · 2 investments in South Africa Machine Learning startups

The Industrial Development Corporation of South Africa Ltd (IDC) is a national development finance institution set up to promote economic growth and industrial development.

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Investment focus

  • Industry: Renewable Energy, Mining, Mobile
  • Stage:Debt Financing, Post-IPO Debt, Series A
  • Geography: South Africa, Australia, Luxembourg

Investor stats

  • Total investments: 23
  • Round size: Series A $6M–$26M; Post-IPO Debt $11M–$49M; Debt Financing $30M–$509M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $68M in 2021

Portfolio highlights

  • Fedgroup — Fedgroup offers financial solutions in South Africa & abroad, providing investments, asset-backed lending, group risk & fiduciary services
  • AMEA Power — Founded in 2016, AMEA Power has assembled a leading team of global industry experts to deliver clean energy projects across Africa, the Middle East and other emerging markets.
  • Minbos Resources — Minbos has to build a nutrient supply and distribution business that stimulates agricultural production and promotes food security. They provide nutrient supply and distribution business that stimulates agricultural production and promotes food security.
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4Di Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Machine Learning startups

4Di Capital is an independent seed- and early-stage technology venture capital firm based in Cape Town, South Africa.Nurture capital is the term that best describes 4Di Capitalâ€:tm:s purpose and philosophy.We understand that in the early days of any business, support, mentoring and access to networks is just as important as seed capital.Using tried and tested international venture capital best practices, adapted for local use, we believe in entrepreneur-friendly finance without frills, and in working as a team with our investments to achieve their true potential.4Di Capital Early-Stage Technology Fund 1 targets startup investment opportunities with high growth potential at the seed- and early-stages in the mobile, enterprise software and web sectors.We look for founder teams with hungry passion, commitment, domain expertise and deep insights into the large market problems they wish to solve with their technology solutions.

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Investment focus

  • Industry: Software, Financial Services, Mobile
  • Stage:Seed, Series A, Pre-Seed
  • Geography: South Africa, United States, Kenya

Investor stats

  • Total investments: 41
  • Round size: Seed $677k–$7.5M; Pre-Seed $1.8M–$4M; Series A $2M–$47M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $24M in 2022

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • FireID — FireID is a venture builder that helps makers, with unique skills and passion, build businesses to solve meaningful problems.
  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
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Venture Capital Studio
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Machine Learning startups

36 Followers, 31 Following, 1 Posts - See Instagram photos and videos from Black Silver Capital (@blacksilvercapital)

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Investment focus

  • Industry: Information Technology, Venture Capital, Software Engineering
  • Stage:Seed, Pre-Seed, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 10
  • Round size: Seed $928k–$10M; Pre-Seed $262k–$3.7M; Series A $2.7M–$14M
  • Lead/follow: 90% lead, 10% follow
  • Last fund: Likely actively investing — fresh fund, raised $250000B in 2025

Portfolio highlights

  • Accrual Software — 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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Norican Group
VC Fund · Taastrup, Hovedstaden, Denmark · 2 investments in South Africa Machine Learning startups

Norican Group is the provider of parts formation (horizontal, matchplate & vertical moulding) and surface preparation technologies (airblast, wheelblast and mass finishing). Its core branded technology platforms are DISA and Wheelabrator.

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Investment focus

  • Industry: Software, Manufacturing, Machine Learning
  • Stage:Series A
  • Geography: South Africa

Investor stats

  • Total investments: 2
  • Round size: Series A $6M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • DataProphet — DataProphet offers production intelligence solutions for manufacturers. By combining human ingenuity with production data, we supercharge manufacturing excellence. Explore our Connect platform and expert services, trusted by industry leaders.
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Imvelo Ventures
VC Fund · Sandown, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning 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: Financial Services, FinTech, Software
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: South Africa

Investor stats

  • Total investments: 19
  • Round size: Seed $659k–$2M; Venture - Series Unknown $302k–$5M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Botlhale AI — Botlhale AI allows to build, train, test, and deploy multilingual conversational AI. Botlhale AI is a research and innovation start-up that specializes in conversational AI. Computer systems have become an integral part of everyday lives and as a result, natural spoken language is the desired form of human-computer interaction.
  • Acumen Software — Acumen Software develops configurable SaaS solutions for enterprise work management, asset management, field service, smart city engagement and AIoT solutions.
  • 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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University Technology Fund
VC Fund · Stellenbosch, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning startups

The University Technology Fund specifically focusses on commercialising technology, intellectual property, and research - Visit Us!

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Investment focus

  • Industry: Biotechnology, AgTech, Medical
  • Stage:Seed, Grant
  • Geography: South Africa

Investor stats

  • Total investments: 25
  • Round size: Seed $484k–$5M; Grant $467k–$473k
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Jem — We give employers the ability to send company-wide communications, deliver payslips, manage leave & give employees access to their earnings, via WhatsApp.
  • Immobazyme — Immobazyme provides pioneering the biotechnology industry. Using innovative technologies, along with an environmentally responsible outlook.the company aims to develop an analytical laboratory platform as well as serve the industrial sector through the production of high-value products by organic synthesis and environmental remediationtechnologies.
  • Happy Pay — Happy Pay is a credit scoring system developing company. The company integrates an autonomous artificial intelligence technology system with the merchant's platform to increase their average basket size and customer conversion metrics, providing users with buy now, and pay later services.
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I’M IN
VC Fund · Gauteng, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning startups

I’M IN is a pre-investment readiness program that believes in making a sustainable impact on the entrepreneurial ecosystem. It helps tech startups access seed investment and achieve business sustainability by providing an effective eco-system which offers business and technical support. I’M IN is an IDF Capital initiative that gives start-upentrepreneurs an opportunity to present their innovative ideas to a group of high-net-worth investors. Entrepreneurs with an exceptional business concept, who have an early stage market-viable product or service, are invited to apply to participate in the program.

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Investment focus

  • Industry: Mobile Apps, Information Technology, Apps
  • Stage:Seed, Pre-Seed
  • Geography: South Africa

Investor stats

  • Total investments: 8
  • Round size: Seed $40k–$120k
  • Lead/follow: 13% lead, 87% 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.
  • Droppa — Droppa is a delivery hub that makes it easier and safer to transport your parcels, goods and furniture using our mobile app and website.
  • 3DIMO — 3DIMO provides solutions to monitor the health and pattern of animal movements to detect abnormalities.
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WZ Capital
VC Fund · 1 investments in South Africa Machine Learning startups

WZ Capital is a boutique venture capital firm investing in early-stage tech startups.

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Investment focus

  • Industry: Medical, Health Care, Information Technology
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: South Africa

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Contro — See a licensed online doctor in South Africa for treatment, advice and prescriptions delivered to your door. Fast, private, doctor-guided care with Zapmed.
  • RecoMed — Find the best doctors and dentists. Search by location or by speciality, and find the right doctor for you.
  • SigmaX — Math app to help learners&any other ordinary person to better understand math & learn it a fun way. Available on Google play store & via https://t.co/hMzLOv2qXZ
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Endeavor South Africa
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning startups

Endeavor South Africa is a non-profit entity and the leading supporter of high-impact entrepreneurs around the world.

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Investment focus

  • Industry: Internet, Payments, Software
  • Stage:Seed, Series A, Series B
  • Geography: South Africa, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $2.5M–$4.6M; Series B $11M–$48M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely actively investing — fresh fund, raised $14M in 2026

Portfolio highlights

  • Plentify — Plentify connects home appliances with cheaper cleaner energy. It does this with an intelligent residential load management platform which matches demand with clean energy supply for 75% cheaper than batteries. Plentify combines advanced hardware, AI, and user-centric design to create smart home products that delight customers while alsostrengthening electricity systems.
  • Sendmarc — Manage your organization's DMARC, SPF, and DKIM with world-class implementation services and support. All in one easy-to-use platform.
  • Yebo Fresh — Yebofresh is a new online shopping service, delivering popular groceries straight into areas that are generally unserved by most formal retailers. Our unique business model and partnerships with manufacturers allow us to deliver top quality products and A-brands at extremely competitive prices. Yebofresh serves Imizamo Yethu, Langa, Khayelitsha,Mfuleni and Gugulethu and following recent seed funding, is rapidly expanding across the greater Cape Town area.
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Access 48,091 investors

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

Browse database — It's Free!
Concatenate Capital
VC Fund · Gauteng, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning startups

Concatenate Capital is an investment firm focusing on venture capital and private equity investments. The firm was founded in 2015 and is headquartered in Johannesburg, Gauteng.

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Investment focus

  • Industry: FinTech, InsurTech, Insurance
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Kopano — Kopano is improving the way insurance is delivered to emerging markets by creating highly scalable, flexible, low-cost digital solutions. Kopano’s combination of mobile-first user experiences and core insurance systems allows for the quick launch of products which are supported by efficient and low-cost servicing models. Our machine learning andAI capabilities enable a high degree of user personalisation and the ability to uncover behavioural and underwriting insights. Kopano has deployed solutions in the short- and long-term industries catering for consumers across all income levels.
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Cypher Holdings
VC Fund · 1 investments in South Africa Machine Learning startups

Investment firm

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Investment focus

  • Industry: FinTech, InsurTech, Insurance
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Kopano — Kopano is improving the way insurance is delivered to emerging markets by creating highly scalable, flexible, low-cost digital solutions. Kopano’s combination of mobile-first user experiences and core insurance systems allows for the quick launch of products which are supported by efficient and low-cost servicing models. Our machine learning andAI capabilities enable a high degree of user personalisation and the ability to uncover behavioural and underwriting insights. Kopano has deployed solutions in the short- and long-term industries catering for consumers across all income levels.
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Laikabot Ventures
VC Fund · 1 investments in South Africa Machine Learning startups

Investment firm

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Investment focus

  • Industry: FinTech, InsurTech, Insurance
  • Stage:Seed
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Kopano — Kopano is improving the way insurance is delivered to emerging markets by creating highly scalable, flexible, low-cost digital solutions. Kopano’s combination of mobile-first user experiences and core insurance systems allows for the quick launch of products which are supported by efficient and low-cost servicing models. Our machine learning andAI capabilities enable a high degree of user personalisation and the ability to uncover behavioural and underwriting insights. Kopano has deployed solutions in the short- and long-term industries catering for consumers across all income levels.
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MC2
VC Fund · 1 investments in South Africa Machine Learning startups

MC2 is an Investment firm.

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Investment focus

  • Industry: Information Technology, SaaS, FinTech
  • Stage:Series C, Seed
  • Geography: United States, South Africa

Investor stats

  • Total investments: 3
  • Round size: Series C $31M–$60M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Kopano — Kopano is improving the way insurance is delivered to emerging markets by creating highly scalable, flexible, low-cost digital solutions. Kopano’s combination of mobile-first user experiences and core insurance systems allows for the quick launch of products which are supported by efficient and low-cost servicing models. Our machine learning andAI capabilities enable a high degree of user personalisation and the ability to uncover behavioural and underwriting insights. Kopano has deployed solutions in the short- and long-term industries catering for consumers across all income levels.
  • Virtru — Virtru data encryption protects data, through email and file-sharing, Cloud, SaaS, CRM solutions and across internal and external ecosystems.
  • ThayerMahan — ThayerMahan is the premier provider in acoustic sensing capabilities for unmanned platforms. We Hear Everything
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Automattic
VC Fund · San Francisco, California, United States · 1 investments in South Africa Machine Learning startups

Making the web a better place

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Corporate Round
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 24
  • Round size: Seed $777k–$9M; Series A $1M–$30M; Corporate Round $4.6M–$4.6M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • n8n — n8n is a workflow automation platform that uniquely combines AI capabilities with business process automation, giving technical teams the flexibility of code with the speed of no-code.
  • Openvibe — Interact With Anyone On The Open Internet. All Decentralised Social Networks, Single Timeline.
  • Liquid AI — Liquid AI is an MIT spin-off with a presence in Boston, MA, and Palo Alto, CA. Our mission is to build state-of-the-art, general-purpose AI systems from first principles and deploy capable, efficient, highly aligned, and trustworthy AI for all.
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Savannah Fund
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in South Africa Machine Learning 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: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, South Africa

Investor stats

  • Total investments: 46
  • Round size: Seed $25k–$3.3M; Pre-Seed $200k–$2.1M; Series A $750k–$12M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

Portfolio highlights

  • Aya Data — Aya Data provides high-quality data annotation, AI training data, 3D annotations, machine learning solutions and also specialises in geospatial, NLP and computer vision projects.
  • Kubik — Kubik makes low-carbon buildings from plastic waste. Bringing environmental dignity to how countries grow.
  • Hohm Energy — We make the process of going solar simple. Generate your free, custom solar proposal and get matched with an accredited solar provider in under 5 mins.
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BlueOrchard Finance S A
VC Fund · Geneva, Geneve, Switzerland · 1 investments in South Africa Machine Learning startups

BlueOrchard leads in Global Impact Investing, empowering people and protecting the planet through innovative, purpose-driven solutions.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series A, Post-IPO Debt
  • Geography: India, Nigeria, Vietnam

Investor stats

  • Total investments: 50
  • Round size: Series A $6.7M–$46M; Post-IPO Debt $5M–$220M; Debt Financing $3.1M–$38M
  • Lead/follow: 72% lead, 28% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • JUMO — Enabling infrastructure for banking. We build enabling technology so that you can reach more customers, save money, achieve higher returns and greater scale.
  • Previsico — Discover Previsico's real-time flood forecasting solutions, designed to mitigate risks for businesses and communities worldwide.
  • QNB Finansleasing — QNB Finansleasing company provides domestic and international financial leasing.
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Wavecrest Growth Partners
VC Fund · Boston, Massachusetts, United States · 1 investments in South Africa Machine Learning startups

We partner with founders and management team of high-growth B2B software, AI, data and technology-enabled services companies, combining growth capital, operating expertise, and deep industry networks to help scale their business.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 38
  • Round size: Private Equity $66M–$104M; Venture - Series Unknown $13M–$35M
  • Lead/follow: 79% lead, 21% follow
  • Last fund: May invest from a new fund soon — raised $290M in 2021

Portfolio highlights

  • STAY App — STAY app is the leading Smartphone platform for #Hotels & #Resorts. Provide your guests with the most innovative mobile experience in the market for their stay.
  • Carpool Logistics — Vehicle logistics with a documented chain of custody. 400,000+ vehicles delivered at 99.8% claim-freeacross a vetted 13,000+ carrier network.
  • RealTime Reservation — RealTime Reservation offers technology solutions to help hotels and results generate additional revenue and enhance guest experiences.
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Hannover Re
VC Fund · Hanover, Niedersachsen, Germany · 1 investments in South Africa Machine Learning startups

We stand as one of the leading global reinsurers, offering comprehensive coverage in both property and casualty reinsurance across every continent worldwide

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Investment focus

  • Industry: Insurance, FinTech, InsurTech
  • Stage:Series A, Seed, Private Equity
  • Geography: United States, Germany, Brazil

Investor stats

  • Total investments: 13
  • Round size: Seed $191k–$1M; Series A $4.8M–$47M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • BriteCo — Their cloud-based BriteCo Appraisal Management System is the gateway to making the jeweler’s life easier and more productive—-and customers happier and more secure with immediate insurance coverage of their fine jewelry and watches.
  • Lemonade — Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good. It is a licensed insurance carrier, offering homeowners and renters insurance. Lemonade replaces brokers and bureaucracy with bots and machine learning, delivering zero paperwork and instant everything. The company uses artificialintelligence and behavioral economics to set rates for the homes and renters it insures. Lemonade was founded in Tel Aviv, Israel, in 2015 and is headquartered in New York, NY, United States.
  • Viridium Group — Viridium Group is the leading specialist in the efficient management of life insurance portfolios in Germany. The foundation of its activities is a customer-focused service organisation combined with efficient portfolio management. As of mid-2017, the companies of Viridium Group administered a combined total of about one million insurance policiesand about €15 billion in assets. The Group's shareholders are Cinven, a leading international private equity firm, and Hannover Re, the world's third-largest reinsurance company.
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AgFunder
VC Fund · San Francisco, California, United States · 1 investments in South Africa Machine Learning startups

AgFunder is a global venture capital firm backing deeptech platforms across AI, biotech, robotics, manufacturing, climate, and materials.

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Investment focus

  • Industry: Agriculture, AgTech, Biotechnology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 159
  • Round size: Seed $700k–$9M; Pre-Seed $100k–$1.1M; Series A $4.5M–$28M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $362k in 2024

Portfolio highlights

  • Scindo — Creating a novel biological process to turn low-value plastic landfill waste into high-value molecules.
  • Resurrect Bio — Resurrect Bio is a disease resistance trait discovery company. Using AI and our high-throughput in planta screening platform we provide traits for breeders.
  • IIF — A farm in your pocket.
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Capaci.Tech
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning 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: Apps, Software, B2B
  • Stage:Seed
  • Geography: South Africa, Kenya, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $10k–$4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • TUNL — Ship globally with ease. TUNL offers affordable, transparent international shipping built for South African brands. Up to 91% cheaper. No surprises.
  • Marquee Group — Marquee Group is a sports management focused on Golf and train athletes to achieve goals.
  • Right Now Response — The future of repairs starts soon. Counting down to smarter tracking in 2025! There are perks to working 24/7, 365 days a year... Like launching the future of repairs ahead of schedule!
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Nedbank
VC Fund · Sandown, NA - South Africa, South Africa · 1 investments in South Africa Machine Learning startups

Nedbank is a one of the largest banks in South Africa.

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Investment focus

  • Industry: Software, Information Technology, Mining
  • Stage:Debt Financing, Post-IPO Debt, Series A
  • Geography: South Africa, Australia, United States

Investor stats

  • Total investments: 25
  • Round size: Series A $2M–$7.5M; Post-IPO Debt $150M–$700M; Debt Financing $2.2M–$509M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
  • Ivanhoe Mines — Things interesting about Ivanhoe Ltd. and Mr. Robert Friedland
  • PayInc — PayInc connects the South African payments system as the largest automated clearing house in Africa.
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LeapFrog Investments
VC Fund · Port Louis Town, Port Louis, Mauritius · 1 investments in South Africa Machine Learning startups

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

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Investment focus

  • Industry: Financial Services, Finance, Insurance
  • Stage:Private Equity, Series C, Series D
  • Geography: India, Nigeria, United Kingdom

Investor stats

  • Total investments: 79
  • Round size: Series C $20M–$90M; Series D $20M–$175M; Private Equity $9.3M–$180M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely actively investing — fresh fund, raised $1B in 2024

Portfolio highlights

  • Pharmacity — Pharmacity is a pharmacy. They offer prescription and non-prescription drugs, health, personal, and beauty care products, oriental medicine, functional foods, vitamin supplements, and minerals to consumers through their online web store and physical pharma stores.
  • Marengo Asia Healthcare — Marengo Asia Healthcare is a platform that will run multispecialty hospital chains formed by Samara Capital, Havells Family Investment Office, and Godrej Family Investment Office.
  • Global Care Medical Center — Global Care Medical Center is a network of hospitals and clinics that provides multi specialty inpatient and outpatient healthcare services.
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Paper Plane Ventures
VC Fund · 1 investments in South Africa Machine Learning startups

Investment focus

  • Industry: AgTech, Drones, Farming
  • Stage:Series A
  • Geography: South Africa

Investor stats

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

Portfolio highlights

  • Aerobotics — Powerful insights for precision growing and crop insurance
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Bantam Group
VC Fund · Westwood, Massachusetts, United States · 1 investments in South Africa Machine Learning startups

They are passionate about seeing their portfolio companies become successful.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 159
  • Round size: Seed $120k–$3.7M; Pre-Seed $500k–$5.7M; Series A $1.6M–$20M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AI Lean — AI Lean develops an all-in-one technology for processing liens and auctions. The platform automates the lien-to-auction process from end-to-end, with no need to switch between software, and it integrates with existing self-storage software.
  • Aikium Inc. — Protein therapeutics
  • LOOKOUT — Enhance your boating safety with Lookout Camera, the ultimate AI marine vision system. Spot hazards, navigate with augmented reality, and gain situational awareness like never before.
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Machine Learning VC funding in South Africa at a glance

Stats across 57 deals from 79 investors.

79
investors
in South Africa Machine Learning startups
57
deals
in South Africa Machine Learning startups
$2M
median round
in South Africa Machine Learning startups
51%
lead investors
lead at least one round
21%
Non-equity Assistance
most common funding stage

Access all 79 VC funds in South Africa Machine Learning startups.

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