MTN Group
VC Fund
Johannesburg, South Africa
MTN Group is a VC fund in Johannesburg focused on Internet and E-Commerce. MTN is a JSE-listed multinational company that offers voice and data, mobile financial, enterprise, and digital services. It serves individuals as well as SME, public sector, and corporate clients.The company’s traditional voice and data offerings include voice bundles, data bundles, bonus on recharge, and low-denomination recharge vouchers. Itsmobile money product range includes international remittances, savings, lending, and insurance. MTN’s enterprise services are focused on connectivity, communication, cloud, M2M, and enterprise mobility.Through its investments with Rocket Internet AG in Africa Internet Holdings (AIH) and Middle East Internet Holdings (MEIH), MTN aims to to deliver a range of internet services in African continent and in the Middle East, including e-commerce retailing, market place, taxi, travel, classified, and food delivery services.MTN has launched, as part of its entertainment strategy, a host of products and services, including MTN FrontRow: a video-on-demand offering, and MTN Music+: a music streaming and downloading app which aims to promote African music.MTN was founded in 1994 and is headquartered in Johannesburg, South Africa. The company has operations in Afghanistan, Benin, Botswana, Cameroon, Ivory Coast, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo, Rwanda, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen, and Zambia. It has ISP licenses in Namibia and Kenya and a Value Added Service license in Ethiopia.
- Total investments:
- 9
- Last investment:
- Lead investor:
- 44%
Last updated:
For AI agents: llms.txt
Industries MTN Group invests in
Stages MTN Group invests in
Countries MTN Group invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 8 contacts → | |||
Round size
- Grant
- $5k–$4M
- Series A
- $22M–$45M
Investment Focus
Industry
- Internet 3 (33%)
- E-Commerce 2 (22%)
- Telecommunications 2 (22%)
- News 1 (11%)
- Solar 1 (11%)
Stage
- Grant 2 (22%)
- Series A 2 (22%)
- Series B 1 (11%)
- Series C 1 (11%)
- Funding Round 1 (11%)
Country
- Iran 2 (22%)
- United States 2 (22%)
- Rwanda 1 (11%)
- Uganda 1 (11%)
- Nigeria 1 (11%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Aboubakar Haman
General Manager: Regulatory and Compliance, West and Central Africa
|
General Manager: Regulatory and Compliance, West and Central Africa | Total investments: 0 | Find email | |
Charles Molapisi
Group Chief Technology and Information Officer
|
Group Chief Technology and Information Officer | Total investments: 0 | Find email | |
Debbie Wilkins
Commercial Manager
|
Commercial Manager | Total investments: 0 | Find email | |
Melao Mashale
Senior Manager - Enterprise IoT Solutions
|
Senior Manager - Enterprise IoT Solutions | Total investments: 0 | Find email | |
Navindran Naidoo
Executive, Network Design &Planning
|
Executive, Network Design &Planning | Total investments: 0 | Find email | |
| See all 8 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| ODC provides an AI-optimized, cloud-native, and scalable AI-RAN platform | $45M / Series A / Mar 26, 2026 | ||
| Sahil is a logistics platform tailored to the needs of businesses in emerging markets, specifically targeting those with lower digital literacy rates or limited access to the internet. Sahil aims to enable these businesses to manage their supply chain operations efficiently, bridging the gap between traditional logistics and modern digitalplatforms. | $5K / Grant / Nov 28, 2023 | ||
| Minute5 is an online grocery app. They enables to do customers shop at finger tips and then gets items delivered to them. They support farmers to sell the produce directly to people without middlemen. | Non-equity Assistance / Mar 01, 2019 | ||
| Fenix International produces ultra-affordable mobile enabled solar solutions to empower more than 1.3 billion people living off-grid. Fenix is a for-profit corporation based in San Francisco, California with customers across Africa, Asia and Latin America and core expertise in power electronics, product design and base-of-the-pyramid marketing.Fenix has been prominently featured in the New York Times, Bloomberg, Fast Company, Popular Mechanics, CNET, VentureBeat, and has won numerous awards and honors since it was founded in 2009. | $4M / Grant / Aug 02, 2017 | ||
| Iranian-net is the first and only licensed broadband network operator based on fiber optic (FTTX) in Iran founded in 2011 regarding to delivering value added services to the subscribers around the country. | $295M / May 09, 2017 | ||
| Snapp is the first and leading mobile and web-based ride-hailing platform in Iran. Its mission is to enhance the effectiveness, efficiency and quality of urban transportation in Iran, through exceptional software and service capabilities. Within 4 years, we are proud to welcome 20 million customers and 1 million drivers to our family. At more than3 million rides per day, we have also built the largest and fastest-growing internet company in the Middle East. | $22.4M / Series A / Oct 09, 2016 | ||
| Jumia Group connects consumers and businesses across Africa and beyond. Through their online platforms, consumers can access a wide range of products and services, from basic consumer goods to online travel. Jumia Group helps them save time and save money. Businesses use Jumia in order to distribute their products and services in a more efficientand scalable way, and helps them grow their business and benefit from the massive shift of consumers to online.Jumia Group aims to transform people's lives through technology. Jumia Group is embracing the digital shift of the entire African economy and supporting the growth of African companies while expanding their horizons. More than 50,000 local African companies and individuals have partnered with Jumia. Jumia Group is opening new opportunities for talented people by creating jobs and developing new skills in the continent. Jumia Group directly provide 3,000 jobs and many more through sellers and logistics partners. Jumia Group is committed to creating sustainable impact in Africa. | $328.5M / Series C / Mar 03, 2016 | ||
| Travelstart is an online travel agency that helps today’s business and leisure travellers search, compare and book the best flight, hotel and car options. With a huge focus on affordable travel and simplifying the travel booking experience for our customers, visit the Travelstart website or Flapp, the Travelstart app, to find some of the lowestfares around. | $40M / Venture - Series Unknown / Feb 03, 2016 | ||
| Jumia Group connects consumers and businesses across Africa and beyond. Through their online platforms, consumers can access a wide range of products and services, from basic consumer goods to online travel. Jumia Group helps them save time and save money. Businesses use Jumia in order to distribute their products and services in a more efficientand scalable way, and helps them grow their business and benefit from the massive shift of consumers to online.Jumia Group aims to transform people's lives through technology. Jumia Group is embracing the digital shift of the entire African economy and supporting the growth of African companies while expanding their horizons. More than 50,000 local African companies and individuals have partnered with Jumia. Jumia Group is opening new opportunities for talented people by creating jobs and developing new skills in the continent. Jumia Group directly provide 3,000 jobs and many more through sellers and logistics partners. Jumia Group is committed to creating sustainable impact in Africa. | $150M / Series B / Nov 26, 2014 |
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FAQ
What does MTN Group invest in?
MTN Group invests primarily in Internet, E-Commerce and Telecommunications startups, most often at Grant and Series A stage. Most of the 9 investments tracked by Shizune back companies in Iran. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is MTN Group's check size?
MTN Group typically joins rounds of $5k–$4M at Grant and $22M–$45M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MTN Group participates in.
How do I contact MTN Group?
Public channels for MTN Group include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at MTN Group?
The team at MTN Group includes Aboubakar Haman (General Manager: Regulatory and Compliance, West and Central Africa), Charles Molapisi (Group Chief Technology and Information Officer) and Debbie Wilkins (Commercial Manager), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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