Top 10 Medical Device VC Funds & Investors in South Africa (July 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
54 Collective
VC Fund
|
2 | Kenya, Nigeria, South Africa | Seed, Pre-Seed | Health Care, Information Technology, FinTech | $40k–$4M |
|
HAVAÍC
VC Fund
|
2 | South Africa, United States, Kenya | Seed, Series A | Software, Health Care, FinTech | $100k–$15M |
|
Futuregrowth Asset Management
VC Fund
|
2 | South Africa, France, United States | Seed, Series B | Software, Transportation, Financial Services | $1.8M–$22M |
|
Bose Ventures
VC Fund
|
2 | United States, India, Denmark | Series B, Series A | Software, Music, Mobile | $1.5M–$80M |
|
The ASISA ESD Fund
VC Fund
|
1 | South Africa | Seed, Series B, Series A | FinTech, Internet, InsurTech | $740k–$22M |
|
Sphere Holdings
VC Fund
|
1 | South Africa | Series A | Software, Web Apps, Health Care | |
|
Bill & Melinda Gates Foundation
VC Fund
|
1 | United States, United Kingdom, India | Grant, Series A, Series B | Biotechnology, Health Care, Medical | $500k–$85M |
|
Five35 Ventures
VC Fund
|
1 | South Africa, Kenya, Nigeria | Seed, Pre-Seed | Information Technology, Health Care, Wellness | |
|
Verge HealthTech Fund
VC Fund
|
1 | Estonia, Singapore, United Kingdom | Seed, Pre-Seed, Series A | Health Care, Medical Device, Medical | $500k–$4.7M |
|
SAB Foundation
VC Fund
|
1 | South Africa | Health Care, Manufacturing, Medical Device | ||
| Access all 21 VC funds in South Africa Medical Device startups. | |||||
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Show more...Investment focus
- Industry: Health Care, Information Technology, FinTech
- Stage:Seed, Pre-Seed
- Geography: Kenya, Nigeria, South Africa
Investor stats
- Total investments: 108
- Round size: Seed $40k–$4M; Pre-Seed $40k–$1.3M
- Lead/follow: 35% lead, 65% follow
Portfolio highlights
- Yeah — Yeah is a financial technology company that offers payment processing services while building a credit profile for the banked and unbanked.
- REasy — Top up locally, pay suppliers globally, and manage international shipments with REasy. Fast, secure, and designed for African businesses expanding worldwide.
- Konnect — Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.
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.
Show more...Investment focus
- Industry: Software, Health Care, FinTech
- Stage:Seed, Series A
- Geography: South Africa, United States, Kenya
Investor stats
- Total investments: 47
- Round size: Seed $100k–$4M; Series A $1.9M–$15M
- Lead/follow: 64% lead, 36% follow
- Last fund: Likely actively investing — fund raised in 2024
Portfolio highlights
- SwiftVee — SwiftVEE is a livestock trading mobile app. They support live webcast livestock auctions and silent auctions. Their platform facilitates the discovery and viewing of livestock auctions.They provide webcast advertising, online auctions, and online livestock insurance services and data products for financial institutions.
- Tanda — As a Tanda Agent, you can sell Kenya's favorite digital products, and grow your duka while you're at it
- Digital Cabinet — Digital Cabinet makes your business paperless. Security is the topmost priority for the Digital Cabinet, so save time and money with the Digital Cabinet.
Futuregrowth manages the full range of fixed interest and developmental impact funds on behalf of our clients. We are committed to managing and investing our clients' funds in a responsible manner.
Show more...Investment focus
- Industry: Software, Transportation, Financial Services
- Stage:Seed, Series B
- Geography: South Africa, France, United States
Investor stats
- Total investments: 18
- Round size: Seed $1.8M–$5.3M; Series B $11M–$22M
- Lead/follow: 72% lead, 28% follow
- Last fund: May invest from a new fund soon — last raise in 2018
Portfolio highlights
- CubeSpace — Industry-leading modular attitude determination and control (ADCS) products and solutions. Laser-focused on our customers' success. Your global ADCS partner.
- SweepSouth — Book a home cleaning online from your mobile, tablet or computer. SweepSouth connects you with a cleaner in minutes. Cleaners are experienced, reliable, efficient and insured.
- 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.
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
Show more...Investment focus
- Industry: Software, Music, Mobile
- Stage:Series B, Series A
- Geography: United States, India, Denmark
Investor stats
- Total investments: 22
- Round size: Series A $1.5M–$10M; Series B $2M–$80M
- Lead/follow: 41% lead, 59% follow
- Last fund: May invest from a new fund soon — raised $50M in 2018
Portfolio highlights
- 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
- Noise — Buy latest Noise smart watches, wireless earbuds, BT neckband earphones, wireless headphones, speakers and smart watch accessories online at best prices in India.
An Invetsment Fund.
Show more...Investment focus
- Industry: FinTech, Internet, InsurTech
- Stage:Seed, Series B, Series A
- Geography: South Africa
Investor stats
- Total investments: 6
- Round size: Series B $740k–$22M
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- 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.
- 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.
- Ngobese And Associates — Ngobese And Associates is a Financial Services providing firm offering brokeraging, advisory and intermediary services.
Founded in 2003, Sphere is a high performing investment holding company driven to create value for funders, shareholders and business partners. With a solid track record shaped over a decade, They actively seek out investment partnerships with high quality privately owned businesses across a range of strategic sectors.Their success is drivenby an experienced team, Their own capital, a disciplined investment process, and broad business networks. Passionate about partnerships, They commit for the long term and actively work with Their portfolio companies to build great businesses.Majority black controlled and managed and boasting 71% black ownership, including 31% women ownership, Sphere has the necessary credentials to advance the broad based Black Economic Empowerment goals of South African businesses. As the focus turns to the rest of the continent, They actively support Their investments in their pan-African ambitions.Their strong belief in the principles of broad based empowerment means that approximately 15% of the shares in Sphere are held by charitable organisations. Over the years, more than five million worthy beneficiaries in nine provinces across South Africa have benefited from Their track record of delivery.
Show more...Investment focus
- Industry: Software, Web Apps, Health Care
- Stage:Series A
- Geography: South Africa
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- hearX Group — hearX is an award-winning start-up with the mission of providing affordable access to hearing healthcare using smart digital solutions. With a strong research and engineering background, we aim to democratize and decentralize hearing care, obliterating the traditional audiology model and market, which was never built to scale, instead providinghearing care to millions by leveraging our smart tech, big data and artificial intelligence expertise.The hearX Group four categories of solutions: Lead Generation and Remote Care solutions, Clinical solutions, Preventative Solutions as well as Direct to Consumer intervention solutions.We have had more than 1 000 000 tests and screenings done using our products across 39 countries. Our innovative solutions are as accurate, but faster, cheaper and easier to use than traditional methods. We pride ourselves in offering a fully managed service, providing an entirely new way to overcome traditional barriers to the detection and diagnosis of disabling hearing loss.
We are a nonprofit fighting poverty, disease, and inequity around the world
Show more...Investment focus
- Industry: Biotechnology, Health Care, Medical
- Stage:Grant, Series A, Series B
- Geography: United States, United Kingdom, India
Investor stats
- Total investments: 337
- Round size: Grant $500k–$13M; Series A $5M–$60M; Series B $8M–$85M
- Lead/follow: 79% lead, 21% follow
Portfolio highlights
- Immunocore — Immunocore is focused on the discovery and development of novel T cell receptor-based drugs to treat diseases with a high unmet need, including cancer and viral disease. The Company’s world-leading expertise in engineering T Cell Receptors (TCRs) and linking them to an antibody fragment (scFv) known as anti-CD3, has led to its first productcandidate, IMCgp100, entering clinical trials in patients with metastatic melanoma. The proprietary T Cell Receptor technology platform is well validated and can easily be manufactured for clinical and commercial supply in microbial systems.
- BioNTech — BioNTech is a next-generation immunotherapy company pioneering novel therapies for cancer and other serious diseases. It contains several classes of drugs, including mRNA-based drugs to encode antigens, neoantigens, cytokines, and antibodies; cell therapies; bispecific antibodies; and antibody-drug conjugates.
- Aspen Pharmacare — Aspen is a global specialty and branded multinational pharmaceutical company with a presence in both emerging and developed markets
With a decade-long track record of venture building alongside some of the smartest female-led founding teams in Africa, we back female-focused startups across
Show more...Investment focus
- Industry: Information Technology, Health Care, Wellness
- Stage:Seed, Pre-Seed
- Geography: South Africa, Kenya, Nigeria
Investor stats
- Total investments: 18
- Lead/follow: no public data
Portfolio highlights
- Susu — Susu is a dynamic and innovative company that offers a wide range of health services for families in the African diaspora. Susu provides a complete offer on Preventive care, Medical treatments, Management of chronic diseases, and Authentic drugs.
- Kasha — Health products and household goods you want, delivered to where you are.
- Zuri Health — .ts-banner-image-1:hover .overlay{background-color:#ffffff} .ts-banner-image-2:hover .overlay{background-color:#ffffff} Popular categories Pharmacy Doctor at home Covid Labs & Diagonstics Wellness Telemed Show all Our Services PharmacyBuy both OTC and prescription medication and have it delivered to your doorstepLabs & DiagnosticsBook labs and Diagnostic tests and get your samples collected from the comfort of your home, hotel
We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging AsiaWe believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where we can help.
Show more...Investment focus
- Industry: Health Care, Medical Device, Medical
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, Singapore, United Kingdom
Investor stats
- Total investments: 28
- Round size: Seed $500k–$4.7M; Pre-Seed $500k–$1M
- Lead/follow: 54% lead, 46% follow
- Last fund: May invest from a new fund soon — raised $17k in 2021
Portfolio highlights
- Zoundream — The Future of Infant Care
- Understanding Zoe — Understanding Zoe is a neuroaffirming application that turns every report and observation into an actionable step for a better connect.
- Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.
The SAB Foundation invests in entrepreneurs and social innovation. Its priority focus in on businesses and innovations that benefit women and youth, people in rural areas and people living with a disability.
Show more...Investment focus
- Industry: Health Care, Manufacturing, Medical Device
- Geography: South Africa
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- LIQID Medical — Glaucoma Implants in South Africa. Liqid Medical is a medical device company focusing on addressing the need for effective, long-rerm solutions for glaucoma treatment.
Medical Device VC funding in South Africa at a glance
Stats across 17 deals from 21 investors.
Access all 21 VC funds in South Africa Medical Device startups.
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