# The ASISA ESD Fund

> The ASISA ESD Fund is a VC fund backing FinTech, Internet and InsurTech. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 6
- Last investment: Nov 2023
- Lead investor: 50%
- Last updated: Aug 2026

The ASISA ESD Fund is a VC fund focused on FinTech and Internet. An Invetsment Fund.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $740k–$22M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 33% |
| Internet | 1 | 17% |
| InsurTech | 1 | 17% |
| Insurance | 1 | 17% |
| Consulting | 1 | 17% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 33% |
| Series B | 2 | 33% |
| Series A | 1 | 17% |
| Venture - Series Unknown | 1 | 17% |

## 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 |  |
| Ngobese And Associates | Ngobese And Associates is a Financial Services providing firm offering brokeraging, advisory and intermediary services. |  | Venture - Series Unknown | Sep 01, 2022 |  |
| Aviro Health | Aviro Health enables healthcare workers to engage in more complex situations by offering technology-enabled services that automate workflows, improve access to medical information, and offer digitally enabled counseling services. |  | Seed | Sep 08, 2021 |  |
| 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. | $1.4M | Seed | Aug 03, 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 |  |
| Sensor Networks | Sensor Networks helps insurance companies improve risk mitigation, enhance loss management and better engage with customers through smart sensors. We've created Sensor Desk, an Internet of Things (IoT) platform that controls and manages a range of internally developed and third-party-connected sensors. Our focus is to predict and prevent lossor damage insurance claims, improve operational efficiency and reduce costs for end users. | $740K | Series B | May 09, 2018 |  |

6 of 6 investments shown.

## Co-investors
- [E4EAfrica](https://shizune.co/investors/profile/e4eafrica) — VC Fund, 2 deals together
- [Edge Growth](https://shizune.co/investors/profile/edge-growth) — VC Fund, 2 deals together
- [Lireas Holdings](https://shizune.co/investors/profile/lireas-holdings) — VC Fund, 2 deals together
- [Old Mutual Investment Group](https://shizune.co/investors/profile/old-mutual-investment-group) — VC Fund, 2 deals together
- [4Di Capital](https://shizune.co/investors/profile/4di-capital) — VC Fund, 1 deal together
- [Futuregrowth Asset Management](https://shizune.co/investors/profile/futuregrowth-asset-management) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Innova Memphis](https://shizune.co/investors/profile/innova-memphis) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Enterprise Ireland](https://shizune.co/investors/profile/enterprise-ireland) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Launch Africa](https://shizune.co/investors/profile/launch-africa) — VC Fund
- [Knife Capital](https://shizune.co/investors/profile/knife-capital) — VC Fund
- [4Di Capital](https://shizune.co/investors/profile/4di-capital) — VC Fund

## Featured in investor lists
- [All Investors in South Africa](https://shizune.co/investors/investors-south-africa)
- [All VC Funds in South Africa](https://shizune.co/investors/vc-funds-south-africa)
- [Renewable Energy Investors in Africa](https://shizune.co/investors/renewable-energy-investors-africa)
- [Renewable Energy VC Funds in Africa](https://shizune.co/investors/renewable-energy-vc-funds-africa)
- [Financial Services VC Funds in South Africa](https://shizune.co/investors/financial-services-vc-funds-south-africa)
- [Medical Device Investors in Africa](https://shizune.co/investors/medical-device-investors-africa)

## FAQ

### What does The ASISA ESD Fund invest in?

The ASISA ESD Fund invests primarily in FinTech, Internet and InsurTech startups, most often at Seed and Series B stage. Most of the 6 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 The ASISA ESD Fund's check size?

The ASISA ESD Fund typically joins rounds of $740k–$22M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds The ASISA ESD Fund participates in.

### When did The ASISA ESD Fund last invest?

The most recent investment recorded for The ASISA ESD Fund closed in Nov 2023. Shizune tracks 6 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co