# Zebu Investment Partners

> Zebu Investment Partners is a VC fund backing Food and Beverage. See 8 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Location: Johannesburg, South Africa
- Total investments: 8
- Last investment: Sep 2026
- Lead investor: 38%
- Fund size: $84M
- Last fund: Jan 2019
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/zebu-investment-partners
- Website: http://www.zebuinvestments.com

Zebu Investment Partners (ZIP) is a private equity fund manager established to invest in food production and processing throughout the African continent. They believe that everyone deserves to be self-sufficient and that food security is the key to this basic human right. They focus on creating transformational opportunities for companies along thefood value chain to improve and enhance African food production, while bringing investors long-term, above-market returns. Their funds focus on growth equity investments within Africa.

## Contacts

5 contacts available for Zebu Investment Partners. Shizune tracks 5 team members at Zebu Investment Partners. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/zebu-investment-partners?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Private Equity | $4M–$7.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Food and Beverage | 3 | 38% |
| Agriculture | 2 | 25% |
| Consumer Goods | 2 | 25% |
| Food Processing | 2 | 25% |
| Sales | 1 | 13% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 5 | 63% |
| Series C | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Africa | 2 | 25% |
| Kenya | 1 | 13% |
| Ethiopia | 1 | 13% |
| Tanzania | 1 | 13% |
| Mozambique | 1 | 13% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Brian Frimpong | Managing Partner | 0 | https://shizune.co/investors/profile/brian-frimpong |
| Dennis Matangira | Senior Managing Partner | 0 | https://shizune.co/investors/profile/dennis-matangira |
| Judith Munyurwa | Chief Operating Officer - Partner | 0 | https://shizune.co/investors/profile/judith-munyurwa-c599 |
| Judith Munyurwa | Chief Operating Officer - Partner | 0 | https://shizune.co/investors/profile/judith-munyurwa |
| Prince Akpesey | Investment Director | 0 | https://shizune.co/investors/profile/prince-akpesey |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Africa Global Trade Finance | Africa Global Trade Finance is a financial institution that provides secured and structured trade finance solutions. It offers services such as pre-shipment finance, post-shipment finance, import finance with supplier payments, stock finance, and more. The company also serves small and medium-sized enterprises, commodity importers, and exporters. | $7.5M | Private Equity | Sep 10, 2026 | https://www.agtf.co.uk/ |
| Terramar | Terramar distributes food, beverages, and other fast-moving consumer goods to serve the informal and formal markets. It also offers services including import, retailing, wholesaling, and distributing of frozen, chilled, and ambient consumer goods from Portuguese and South African procurement centers as well as from a variety of local suppliers. |  | Private Equity | Mar 01, 2022 | http://www.terramar.co.mz/Terramar.png |
| Copia Global | Copia Global provides a consumer catalog order and delivery system intended to serve consumers in the developing world. Its service leverages mobile technologies and a network of agents serving as distribution points, enabling rural and peri-urban consumers to get a wide range of quality goods at reasonable prices. | $50M | Series C | Jan 18, 2022 | http://www.copiaglobal.com/ |
| Elgin The Free Range Chicken | At Elgin Free Range Chickens we do not use the term ‘free range’ loosely. In fact, we take it very seriously.Not only are They the largest independent free range chicken farming operation in South Africa, but They also pride ourselves on the excellence of our operations and our state-of-the-art facilities. They make every effort to ensure ourrigorous quality standards are met:Stringent quality control and food safety measures are in place at every step of the way to ensure consumers receive what they are promised: Stress-free, antibiotic-free, animal by-product free, fish meal free, growth promoter free and unmistakably tasty chicken.They are a ISO 22 000 certified company, and have strict monitoring procedures and do regular daily checks on all aspects of quality.They guarantee quality through Their Department of Agriculture Certification, Halaal Certification and Their Free Range Certification by LTL Auditors (Woolworths’ independent free range auditors).It is Their moral obligation to therapeutically treat unwell chickens. When a chicken falls ill, They work very closely with Their avian veterinarian. Medication is administered through water supply, with firm adherence to withdrawal periods.They take Their reputation for customer service, consumer care and producing world-class quality products very seriously. |  | Venture - Series Unknown | Nov 29, 2021 | http://www.freerangechickens.co.za/ |
| Africa Global Trade Finance | Africa Global Trade Finance is a financial institution that provides secured and structured trade finance solutions. It offers services such as pre-shipment finance, post-shipment finance, import finance with supplier payments, stock finance, and more. The company also serves small and medium-sized enterprises, commodity importers, and exporters. |  | Private Equity | Nov 01, 2020 | https://www.agtf.co.uk/ |
| IQ Logistica | IQ Logistica operates as an agtech company. IQ Logistica provides watertight factual information, as well as communication between consumers, product owners, and retailers. |  | Private Equity | Aug 26, 2020 | https://iqthentic.com/ |
| Royal Oven | Royal Oven is a modern retail bakery that provides quality bakery products, including a variety of bread, cakes, cookies, pastry, and soft drinks. |  | Private Equity | Mar 01, 2020 | https://x.com/ROYALOVEN |
| Norish Business Plc | Norish sources maize and soya directly from small farmers for food processing and animal feed. | $4M | Private Equity | Mar 01, 2015 |  |

8 of 8 investments shown.

## Co-investors
- [EXEO Capital](https://shizune.co/investors/profile/exeo-capital) — VC Fund, 1 deal together
- [Goodwell Investments](https://shizune.co/investors/profile/goodwell-investments) — VC Fund, 1 deal together
- [KFW DEG](https://shizune.co/investors/profile/kfw-deg) — VC Fund, 1 deal together
- [Koa Labs](https://shizune.co/investors/profile/koa-labs) — VC Fund, 1 deal together
- [Lightrock](https://shizune.co/investors/profile/lgt-lightstone) — VC Fund, 1 deal together
- [Lightrock](https://shizune.co/investors/profile/lightrock) — VC Fund, 1 deal together

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## FAQ

### What does Zebu Investment Partners invest in?

Zebu Investment Partners invests primarily in Food and Beverage, Agriculture and Consumer Goods startups, most often at Private Equity and Series C stage. Most of the 8 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 Zebu Investment Partners's check size?

Zebu Investment Partners typically joins rounds of $4M–$7.5M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Zebu Investment Partners participates in.

### How do I contact Zebu Investment Partners?

Public channels for Zebu Investment Partners include LinkedIn 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 Zebu Investment Partners?

The team at Zebu Investment Partners includes Brian Frimpong (Managing Partner), Dennis Matangira (Senior Managing Partner) and Judith Munyurwa (Chief Operating Officer - Partner). 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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