# Old Mutual Investment Group

> Old Mutual Investment Group is a VC fund backing Retail and FinTech. See 14 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Cape Town, South Africa
- Total investments: 14
- Last investment: Nov 2023
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/old-mutual-investment-group
- X (Twitter): https://twitter.com/oldmutual
- Website: https://www.oldmutualinvest.com/institutional
- Facebook: https://www.facebook.com/OldMutualSA/

Old Mutual Investment Group is a VC fund in Cape Town focused on Retail and FinTech. Investing with the Old Mutual Investment Group means that, as the largest Africa-domiciled asset manager, you get access to the depth and reach of its unparalleled range of listed and unlisted multi-specialist investment capabilities. Based on this, and our 169-year heritage, our customers have entrusted us with R562bn to manage on their behalf.

## Contacts

5 contacts available for Old Mutual Investment Group. Shizune tracks 1 team members at Old Mutual Investment Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/old-mutual-investment-group?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $5.4M–$15M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 3 | 21% |
| FinTech | 2 | 14% |
| Finance | 2 | 14% |
| InsurTech | 2 | 14% |
| Insurance | 2 | 14% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 5 | 36% |
| Series A | 2 | 14% |
| Seed | 1 | 7% |
| Pre-Seed | 1 | 7% |
| Series B | 1 | 7% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Africa | 7 | 50% |
| Malawi | 1 | 7% |
| Australia | 1 | 7% |
| Hong Kong | 1 | 7% |
| United States | 1 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| HYWEL GEORGE | Director of Investments | 0 | https://shizune.co/investors/profile/hywel-george |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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. | $21.9M | Series B | Nov 14, 2023 |  |
| CoverGo | CoverGo is the first fully configurable, modular, enterprise-grade, no-code insurance platform for omni-channel distribution, policy admin and claims. CoverGo’s no-code insurance application builder enables general and life insurance companies to configure and deploy any product at record speed and across any cloud.CoverGo’s platform is poweredby hundreds of open insurance APIs to increase connectivity and automate all insurance processes.The CoverGo’s platform is more flexible and adaptable than any comparable system, allowing for ease of product innovation as well as swift integration with existing legacy systems. | $15M | Series A | May 09, 2022 |  |
| Gala Macs | Gala Macs is an agricultural company engaged in the production of macadamia nuts. |  | Venture - Series Unknown | Aug 11, 2021 |  |
| 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. | $5.4M | Series A | Jul 26, 2021 |  |
| Yazi | A market research platform that allows you to survey a targeted audience segment that is typically hard to reach digitally by utilising our research panel. Surveys run entirely through WhatsApp (app with highest penetration rate in SA), allowing access to a much larger segment whilst also being faster, more cost-effective and highly personalised | $140K | Pre-Seed | May 01, 2021 |  |
| Yazi | A market research platform that allows you to survey a targeted audience segment that is typically hard to reach digitally by utilising our research panel. Surveys run entirely through WhatsApp (app with highest penetration rate in SA), allowing access to a much larger segment whilst also being faster, more cost-effective and highly personalised | $274K | Seed | Mar 01, 2021 |  |
| Yazi | A market research platform that allows you to survey a targeted audience segment that is typically hard to reach digitally by utilising our research panel. Surveys run entirely through WhatsApp (app with highest penetration rate in SA), allowing access to a much larger segment whilst also being faster, more cost-effective and highly personalised | $173K | Pre-Seed | Jan 01, 2021 |  |
| In2Food | In2food is a South African based business providing convenient and fresh quality food products to local and international customers. |  | Private Equity | Jan 17, 2016 |  |
| 10X Investments | 10X Investments provides a full range of services and products to retirement investors. |  | Private Equity | Feb 13, 2014 |  |
| Liberty Star Consumer Holdings | Libstar was founded in 2005 as an investment holding company investing in companies operating in the Fast Moving Consumer Goods (FMCG) industry. The company focuses on the food, beverage, household, and personal care segments of the market.Headquartered in Johannesburg, South Africa, Libstar has annualized net revenues in excess of R7bn. Thegroup consists of 28 business units that operate nationally across 31 sites located in Gauteng, Mpumalanga, Kwa-Zulu Natal, Western Cape, and Eastern Cape provinces.Libstar offers its customers a wide range of products with the convenience of a single supplier with a nationwide presence, and distribution and manufacturing capacity. The group concentrates on supplying the needs of the foods service industry, private label segments of larger retailers and the manufacturing of products for brand owners, as well as its own branded products. |  |  | Aug 24, 2011 |  |

10 of 14 investments shown.

## Co-investors
- [E4EAfrica](https://shizune.co/investors/profile/e4eafrica) — VC Fund, 2 deals together
- [Ethos Private Equity](https://shizune.co/investors/profile/ethos-private-equity) — VC Fund, 2 deals together
- [The Delta](https://shizune.co/investors/profile/force-ventures) — VC Fund, 2 deals together
- [Lireas Holdings](https://shizune.co/investors/profile/lireas-holdings) — VC Fund, 2 deals together
- [The ASISA ESD Fund](https://shizune.co/investors/profile/the-asisa-esd-fund) — VC Fund, 2 deals together
- [The Delta](https://shizune.co/investors/profile/the-delta) — VC Fund, 2 deals together

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## FAQ

### What does Old Mutual Investment Group invest in?

Old Mutual Investment Group invests primarily in Retail, FinTech and Finance startups, most often at Private Equity and Series A stage. Most of the 14 investments tracked by Shizune back companies in South Africa. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Old Mutual Investment Group's check size?

Old Mutual Investment Group typically joins rounds of $5.4M–$15M 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 Old Mutual Investment Group participates in.

### How do I contact Old Mutual Investment Group?

Public channels for Old Mutual Investment 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 Old Mutual Investment Group?

The team at Old Mutual Investment Group includes HYWEL GEORGE (Director of Investments). 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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