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Top 25 Retail Startup Investors in South Africa (July 2026)

The most active venture capital funds and angel investors investing in South Africa Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in South Africa Retail startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
TLcom Capital Partners
VC Fund
7 Nigeria, United States, United Kingdom Series A, Seed Software, Mobile, Information Technology $1.9M–$15M
Flourish Ventures
VC Fund
3 United States, India, Brazil Series A, Seed, Series B FinTech, Financial Services, Finance $2M–$65M
Newtown Partners
VC Fund
2 South Africa, United States, Ghana Seed, Series A Logistics, Health Care, Transportation $1M–$27M
Vinny Lingham
Angel
2 United States, South Africa, United Kingdom Seed, Angel Blockchain, Internet, Software $125k–$5.6M
Partech
VC Fund
1 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, SaaS $1.1M–$55M
IDF Capital SA
VC Fund
1 South Africa Seed Automotive, Mobile Apps
Daniel Funk
Angel
1 South Africa Seed Retail, Fashion
Garage Capital
VC Fund
1 Canada, United States, South Africa Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $765k–$50M
Tushar Ahluwalia
Angel
1 Germany, Mexico, South Africa Seed, Pre-Seed, Angel Retail, InsurTech, Insurance $3.3M–$50M
Polo Leteka
Angel
1 Zambia, South Africa Seed, Series A, Series B Retail, Internet, Logistics $8.3M–$11M
Savannah Fund
VC Fund
1 Kenya, United States, South Africa Seed, Series A, Pre-Seed E-Commerce, FinTech, Software $25k–$8M
Ignition Partners
VC Fund
1 United States, Canada, United Kingdom Series B, Series A, Series C Software, Enterprise Software, SaaS $1.8M–$54M
Leonard Stiegeler
Angel
1 Nigeria, South Africa, United States Seed, Angel, Pre-Seed FinTech, Financial Services, B2B $1.3M–$6M
Icon Ventures
VC Fund
1 United States, Israel, Canada Series C, Series B, Series D Software, Information Technology, Enterprise Software $6M–$90M
Llew Claasen
Angel
1 Egypt, Kenya, Nigeria Seed, Series A Logistics, Retail, Health Care $2.3M–$5.5M
Oliver Merkel
Angel
1 Germany, South Africa, United States Seed, Angel, Pre-Seed Fashion, Retail, Banking $6M–$9.8M
CRE Venture Capital
VC Fund
1 Nigeria, South Africa, United States Seed, Series A, Pre-Seed Financial Services, Software, FinTech $250k–$25M
Michael Jordaan
Angel
1 South Africa Seed, Series A, Series B SaaS, EBooks, EdTech
Vumela Fund
VC Fund
1 South Africa, Brazil Seed, Debt Financing Education, Software, E-Commerce $600k–$1.4M
Vikram Chopra
Angel
1 India, South Africa Seed, Series B Internet, Fashion, Training $1.3M–$9.5M
Mato Perić
Angel
1 Germany, India, United Kingdom Seed, Series A, Pre-Seed Financial Services, FinTech, E-Commerce $2M–$100M
Crossfin Technology
VC Fund
1 South Africa, United States, Russian Federation Series A, Private Equity Payments, Financial Services, Software
Jean-Paul Zammitt
Angel
1 South Africa Seed Retail, Fashion
Presight Capital
VC Fund
1 United States, United Kingdom, Germany Seed, Series A, Series B Biotechnology, Health Care, Financial Services $2M–$125M
FJ Labs
VC Fund
1 United States, Brazil, United Kingdom Seed, Series A, Series B Software, E-Commerce, Financial Services $1.4M–$65M
Access all 61 investors in South Africa Retail startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

TLcom Capital Partners
VC Fund · London, England, United Kingdom · 7 investments in South Africa Retail startups

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds. TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge. We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Series A, Seed
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 68
  • Round size: Seed $1.9M–$8.5M; Series A $3.8M–$15M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Autochek — Welcome To Autochek Group's Homepage. Read About The Company's Vision And Mission. Select A Country And Apply For Car Loans
  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
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Flourish Ventures
VC Fund · Redwood City, California, United States · 3 investments in South Africa Retail startups

We are an early-stage global venture capital firm investing in fintech founders.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Series A, Seed, Series B
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 192
  • Round size: Seed $2M–$14M; Series A $5.2M–$33M; Series B $8.3M–$65M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Ringkas — Ajukan KPR mu di Platform Ringkas via Digital dan Online, Telah Bekerjasama dengan 25+ Bank Partner
  • Akua — Akua is an acquiring-as-a-service platform that offers scalable, secure, and efficient payment processing solutions for Latin America. Our platform leverages advanced technology to provide superior transaction processing, fraud prevention, and comprehensive regional integration. Problem Latin America's acquiring card payment markets aredominated by a few incumbents using outdated systems, hindering the adoption of new payment technologies and increasing fraud risks.
  • Stream — Stream is a company that helps make payments simpler, faster, and reliable.
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Newtown Partners
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Retail startups

Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.

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Investment focus

  • Industry: Logistics, Health Care, Transportation
  • Stage:Seed, Series A
  • Geography: South Africa, United States, Ghana

Investor stats

  • Total investments: 27
  • Round size: Seed $1M–$5.5M; Series A $3.6M–$27M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
  • Chefaa — Chefaa is a GPS-enabled pharmacy benefits platform connecting patients & pharmacies nation-wide to help patients manage all their pharmacy needs. Chefaa uses big data, data ming & machine learning
  • Fulfillment Bridge
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Vinny Lingham
Angel · San Francisco Bay Area, California, United States · 2 investments in South Africa Retail startups

Vinny Lingham is the Co-Founder and CEO of Rumi.ai(Waitroom). He previously worked at YPO as a Member. Vinny Lingham attended Harvard Business School Executive Education.

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Investment focus

  • Industry: Blockchain, Internet, Software
  • Stage:Seed, Angel
  • Geography: United States, South Africa, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Seed $2.5M–$5.6M; Angel $125k–$500k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Glif — Interoperable tools for the Filecoin network
  • Sweatcoin — Sweatcoin is a digital currency backed by physical movement. They verify and convert movement into currency. Users can then donate it to charity, transfer to other users or spend on products, services, and experiences provided by Sweatcoin vendors and user community.Sweatcoin tackles Present Bias by moving the future benefits of exercise into thehere and now- immediately converting movement into a digital currency and changing the perception of physical movement.
  • Shield USDT — Shield is the first B2B cryptocurrency exchange designed for international businesses. Access a US-based virtual bank account to buy, sell, and transfer crypto.
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Partech
VC Fund · Paris, Ile-de-France, France · 1 investments in South Africa Retail startups

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 537
  • Round size: Seed $1.1M–$9M; Series A $4.2M–$27M; Series B $9M–$55M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Shippeo — A global leader, and European specialist, in supply chain visibility, giving companies instant access to predictive and real-time information for all their deliveries.
  • Billogram — Since its start in 2011, Billogram has revitalized the outdated invoicing process by offering companies with recurring payments an intelligent digital platform. Using smart technology, we help companies strengthen their customer relations while also automating payment processes in a way that lowers costs, increases revenue, and reduces churn. Theresult is a payment that pays off for everyone.
  • Diamond — Setup an entire backend system for your online business in a few clicks.
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IDF Capital SA
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in South Africa Retail startups

IDF Capital is an established financier, investing in high growth SMEs/Entrepreneurial businesses. We invest with a gender lens strategy

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Investment focus

  • Industry: Automotive, Mobile Apps
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Carscan — cARscan is an Augmented Reality app with an embedded visual recognition AI to track the visual condition of every motor vehicle during its life-stage.
  • 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.
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Daniel Funk
Angel · 1 investments in South Africa Retail startups

Daniel Funk

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Investment focus

  • Industry: Retail, Fashion
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 1 investments in South Africa Retail startups

Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, South Africa

Investor stats

  • Total investments: 129
  • Round size: Seed $1.7M–$7.5M; Pre-Seed $765k–$3.6M; Series A $7.3M–$50M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • tofu — tofu is an online marketplace for founders, hiring managers, and talent team leaders to find talent.
  • Friendlier — Friendlier aims to reduce single-use plastic waste generated by disposable food packaging. We provide businesses with reusable plastic cups and containers, and take care of delivery, pick-up, and washing.
  • Moment Energy — Moment Energy empowers commercial and industrial clients across North America to reduce operational costs, increase energy resilience for business, and achieve sustainability goals.
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Tushar Ahluwalia
Angel · 1 investments in South Africa Retail startups

Tushar Ahluwalia is based out of Germany and is the CEO and Co-Founder of GeneralMind. Tushar previously worked at Razor Group as a Co-CEO and Co-Founder. Tushar Ahluwalia attended London Business School.

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Investment focus

  • Industry: Retail, InsurTech, Insurance
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Germany, Mexico, South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $6M–$50M; Pre-Seed $3.3M–$6.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NUMOS — NUMOS is an insurance tech platform.
  • Xaver — Xaver enables Financial Institutions to close Europe’s pension gap. By offering an advanced AI-driven B2B platform for life insurance and private pension sales, Xaver enhances the operational and sales efficiency of banks, insurers, and brokers by up to 65% and introduces a new era of white-labeled private pension products.With a leadership teamof experienced industry veterans - Max Bachem, Ole Breulmann, and Dr. Björn Holste - and backing from leading VC funds and a prominent group of former financial institution executives, fintech pioneers, and unicorn founders, Xaver is dedicated to improving the pension situation of Europeans through their B2B offering.
  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
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Polo Leteka
Angel · Johannesburg, NA - South Africa, South Africa · 1 investments in South Africa Retail startups

Polo Leteka is the Founder and Chairman of IDF Capital SA. She previously worked at Standard Bank of South Africa. Polo Leteka attended the University of South Africa/Universiteit van Suid-Afrika.

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Investment focus

  • Industry: Retail, Internet, Logistics
  • Stage:Seed, Series A, Series B
  • Geography: Zambia, South Africa

Investor stats

  • Total investments: 6
  • Round size: Series A $8.3M–$11M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Lupiya — Lupiya is an online marketplace for microloans. It is a branch-less, innovative digital microfinance platform that leverages technology to make the process of borrowing simpler and easier so that people and businesses located across the country even in rural, remote areas can access financial services.
  • 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.
  • Alma Clinics
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Savannah Fund
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in South Africa Retail startups

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

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Investment focus

  • Industry: E-Commerce, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, South Africa

Investor stats

  • Total investments: 41
  • Round size: Seed $25k–$3.3M; Pre-Seed $200k–$2.1M; Series A $750k–$8M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

Portfolio highlights

  • Aya Data — Aya Data provides high-quality data annotation, AI training data, 3D annotations, machine learning solutions and also specialises in geospatial, NLP and computer vision projects.
  • Kubik — Kubik makes low-carbon buildings from plastic waste. Bringing environmental dignity to how countries grow.
  • Hohm Energy — We make the process of going solar simple. Generate your free, custom solar proposal and get matched with an accredited solar provider in under 5 mins.
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Ignition Partners
VC Fund · Los Altos, California, United States · 1 investments in South Africa Retail startups

Ignition is a venture capital firm dedicated to helping the best entrepreneurs seize opportunity. With over $2B under management, Ignition invests in emerging and future leaders in enterprise software.Ignition brings together an unparalleled combination of domain focus, technical expertise, and global operational experience. Ignition'spartners are proven business leaders who have built some of the world's most successful businesses of the last two decades, including Microsoft Windows and Office, McCaw Cellular Communications, AT&T Wireless and Starbucks.Ignition helps entrepreneurs by turning their early idea into a business, to hiring the right team, providing the right industry and functional insight and connections, to growing the business strategically, globally, financially, to realizing the best ultimate outcome, Ignition is ready to go the distance.

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Investment focus

  • Industry: Software, Enterprise Software, SaaS
  • Stage:Series B, Series A, Series C
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 215
  • Round size: Series A $1.8M–$13M; Series B $6M–$25M; Series C $8.5M–$54M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2015

Portfolio highlights

  • Swype — Swype creates text input technology for screens. The patented interface enables users to create words with one continuous finger motion across an on-screen keyboard. This approach provides a faster and easier way to write. Swype delivers single-tap, multi-tap, predictive and "swype" motions for both stylus and finger based input.In addition, the application is designed to work across a variety of devices such as phones, tablets, game consoles, kiosks, televisions, virtual screens and more.Seattle based Swype Inc. was founded by Cliff Kushler and Randy Marsden in 2003. Cliff is the co-inventor of T9, the standard predictive text-entry solution used on almost 3 billion mobile phones worldwide. Randy is the developer of the onscreen keyboard included in Windows, with an installed base of over 500 million units
  • PaxVax — PaxVax is a vaccine start-up company developing candidate oral vaccines for influenza, and key infectious diseases. It has developed a proprietary oral vaccine technology based on a common virus called adenovirus. The technology removes the delivery hurdles of traditional injectable vaccines, namely the need for cold storage, needles, andadministration by medical personnel.PaxVax was founded in 2007 and is headquartered in Gaithersburg, Maryland.
  • Unidesk — Citrix DaaS modernizes IT with a secure, easy-to-manage cloud solution to quickly deliver apps or desktops from any cloud or datacenter worldwide.
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Leonard Stiegeler
Angel · Lagos, Lagos, Nigeria · 1 investments in South Africa Retail startups

Leonard Stiegeler is an entrepreneur & investor in projects unlocking potential. Educated in Europe, he founded companies across EMEA and is now investing globally. He is passionate to develop opportunities with & for others. The companies he co-founded include Jumia, now a leading eCommerce company in Africa and Pulse, now a leading mediacompany in Africa. His investments include Paystack, Flutterwave, Scalable Capital, Conversion and many more. Dedicated to creating trusted connections to enable potential, he founded two networks - Africa Collective, focused on elevating the continent's role globally, and Counder, focused on enabling visionary leaders embrace emerging trends & regions collectively.

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Investment focus

  • Industry: FinTech, Financial Services, B2B
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $1.3M–$6M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Bamba — Bamba is an android application allowing micro-merchants across Africa to run their entire business utilizing their phones. It focuses on simple tools for merchants to manage their customers, get paid, payout as well as takeout cash advances against their future cash flow.
  • Paystack — Over 60,000 businesses of all sizes use Paystack to collect payments with a modern, secure payment gateway.
  • Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.
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Icon Ventures
VC Fund · Palo Alto, California, United States · 1 investments in South Africa Retail startups

The road to success is long. Re-defining an industry requires passion, perseverance, and true grit. At Icon Ventures, we help entrepreneurs with true grit navigate the journey to become icons of tomorrow.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series C, Series B, Series D
  • Geography: United States, Israel, Canada

Investor stats

  • Total investments: 180
  • Round size: Series B $12M–$45M; Series C $10M–$50M; Series D $6M–$90M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $375M in 2018

Portfolio highlights

  • TuneIn — From live sports & local radio to news, music & podcasts, TuneIn has the perfect thing to “hear” wherever “here” might be.With 75 million monthly active users, TuneIn is one of the most widely used streaming audio platforms in the world. TuneIn broadcasts over 100,000 owned & operated and partner radio stations, in addition toboasting more than 5.7 million podcasts. TuneIn Premium subscribers unlock exclusive access to live commercial-free news from top networks like CNBC, CNN, FOX News Radio and MSNBC, commercial-free music channels for every mood and activity, and less ads throughout the platform. TuneIn can be accessed in 197 countries and on more than 200 different major platforms and connected devices, including voice assistants like Siri, Alexa, Google Assistant, Samsung Bixby and Cortana, and key integrations with Sonos, Bose and Tesla. With venture funding from Sequoia Capital, Comcast Ventures, IVP, Innovation Endeavors, Causeway, General Catalyst Partners, Icon Ventures and Marker LLC, TuneIn is headquartered in San Francisco, California. We are currently working and hiring remotely across the United States, as well as in parts of Europe and South America. Come join us in reinventing radio for a connected world!
  • Zephyr Health — Zephyr Health operates as an insights-as-a-service solution built specifically for life sciences companies addressing critical business and patient needs. Zephyr Illuminate™ helps pharmaceutical, biotechnology, and medical device companies make confident decisions faster across the entire lifecycle with precise and predictive data insights.
  • Area 1 Security — Email Security from Cloudflare protects inboxes against phishing, malware, and ransomware. Learn more about our advanced cloud-based email security.
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Llew Claasen
Angel · Cape Town, NA - South Africa, South Africa · 1 investments in South Africa Retail startups

Llew is the Managing Partner of Newtown Partners, an early-stage venture capital firm that actively invests in emerging, disruptive technology startup businesses. Founded and run by internationally successful entrepreneurs, Vinny Lingham and Llew Claasen, Newtown Partners has an entrepreneurial focus that goes beyond investment. The team operatesout of offices in Cape Town, South Africa and Sunnyvale, California (Silicon Valley).Llew is a go-to-market strategist with almost two decades of senior management experience in cryptoassets (since 2012), digital product management and digital marketing.He co-founded Clicks2customers (rebranded to www.nmpidigital.com) with Vinny Lingham, now a global digital marketing agency with annual billings in excess of $100 million and Synthasite (rebranded to www.yola.com).Llew is also the former Executive Director of the Bitcoin Foundation, the original, the oldest and the largest Bitcoin advocacy organization globally, headquartered in San Francisco, U.S.Llew has a Masters degree in the Management of Technology & Innovation and lives in Cape Town, South Africa.

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Investment focus

  • Industry: Logistics, Retail, Health Care
  • Stage:Seed, Series A
  • Geography: Egypt, Kenya, Nigeria

Investor stats

  • Total investments: 10
  • Round size: Seed $2.3M–$5.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
  • 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.
  • Fulfillment Bridge
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Oliver Merkel
Angel · Berlin, Berlin, Germany · 1 investments in South Africa Retail startups

Oliver Merkel is the Co-Founder of Flink Food.

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Investment focus

  • Industry: Fashion, Retail, Banking
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Germany, South Africa, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $6M–$9.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Karla — karla gives you the absolute superpower over the delivery of your online orders, It develop the delivery options for your online orders that you have never dared to dream of!
  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
  • Heat — Discover the new, immersive way to shop designer fashion and high end streetwear for both men and women on HEAT. Off-White, Palm Angels and more may be included in the HEAT mystery box.
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CRE Venture Capital
VC Fund · New York, New York, United States · 1 investments in South Africa Retail startups

Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $300k–$5M; Pre-Seed $250k–$3.3M; Series A $1.1M–$25M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Flood — Flood is a marketplace platforms that provides merchant solution, self services and big data solution.
  • Letly — Letly is developing an AI‑driven platform for the rental property market that automates tasks related to managing rental listings and tenant interactions. It aims to use intelligent agents to handle tasks such as scheduling viewings, responding to inquiries, and optimizing property management workflows. The platform is currently in a waitlistphase, signaling ongoing development and private access only.
  • Cutstruct — Cutstruct is your one source for bulk construction materials purchase. Get the best prices for cement, steel, granite, sharp sand wood, and more.
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Michael Jordaan
Angel · Stellenbosch, NA - South Africa, South Africa · 1 investments in South Africa Retail startups

Michael Jordaan, the former banker now heads up a private investment company, Montegray Capital and lends a strategic-hand to various businesses, including as Chairman of Wines of South Africa (WoSA), Chairman of consumer data buro, Compuscan and as Director on the JSE. Michael also actively invests as a partner in AngelHub Ventures, a SouthAfrican based Venture Capital Fund.In 2014 he co-founded a coding apprenticeship program, ProjectcodeX, to grow highly skilled software developers to fuel the digital economy.

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Investment focus

  • Industry: SaaS, EBooks, EdTech
  • Stage:Seed, Series A, Series B
  • Geography: South Africa

Investor stats

  • Total investments: 7
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • VALR — Buy and sell bitcoin, ethereum & more | Pay anyone for free with VALR Pay
  • OfferZen — On OfferZen, Dutch tech companies reach out to you with upfront role and salary info so you can make the right career move.
  • Real Time Wine — Share your wine moments. Real Time Wine is the social wine discovery app for everyone who enjoys wine, not just those who understand it. [In App Stores NOW!]
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Vumela Fund
VC Fund · Hyde Park, Newtownabbey, United Kingdom · 1 investments in South Africa Retail startups

Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable and a financially and operationally independent investment business which invests in high growth small, medium and micro size enterprises with good economic and impact returns.Vumela wascapitalised in 2010. Within the first four years, we’d invested R90 million into eight high growth SMEs, and created a total of 400 jobs. They launched their second fund in 2015, after a further investment of R100 million from FirstRand and R127 million from the Jobs Fund. Within the first year of launching this second fund, we’ve committed R43 million to five investments that are expected to create over 1800 new jobs.The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the Shalamuka Foundation and the FirstRand Group.

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Investment focus

  • Industry: Education, Software, E-Commerce
  • Stage:Seed, Debt Financing
  • Geography: South Africa, Brazil

Investor stats

  • Total investments: 22
  • Round size: Seed $600k–$910k; Debt Financing $854k–$1.4M
  • Lead/follow: 82% lead, 18% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2015

Portfolio highlights

  • Trade Shield — Trade Shield's aim is to increase access to trade credit facilities for those companies that most need them and will benefit the most from them.
  • Mia Healthcare
  • Breaze Delivery — Site will be available soon. Thank you for your patience!
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Vikram Chopra
Angel · Gurgaon, Haryana, India · 1 investments in South Africa Retail startups

Vikram Chopra is the Co-Founder and Chief Executive Officer of CARS24. He is a former Co-FOunder of FabFurnish and Investment Analyst of Sequoia Capital and was Business Analyst at McKinsey & Company.Mr. Chopra received a BTech and MTech in Engineering at Indian Institute of Technology, Bombay, and earned an MBA in Finance at the Universityof Pennsylvania - The Wharton School.

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Investment focus

  • Industry: Internet, Fashion, Training
  • Stage:Seed, Series B
  • Geography: India, South Africa

Investor stats

  • Total investments: 11
  • Round size: Seed $1.3M–$9.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Cautio — Cautio is a Visual Telematics company that provides safety and security to drivers and passengers.
  • Ninecamp — Ninecamp is a food and beverage company. They anticipate creating new and unique brands with a strong emphasis on high-quality offerings in product, service, and design.
  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
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Mato Perić
Angel · London, England, United Kingdom · 1 investments in South Africa Retail startups

Mato invests in technology companies globally. His portfolio companies have raised over US$ 5 billion in capital, employ >15,000 people and have operations in 35 countries across six continents.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, India, United Kingdom

Investor stats

  • Total investments: 55
  • Round size: Seed $2M–$10M; Pre-Seed $3M–$6M; Series A $7.7M–$100M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
  • Tern Group — Tern Group is an AI Platform to hire and relocate top healthcare talents globally, faster and cheaper. TERN is a full-stack solution to source and relocate top-tier medical and engineering talent from India, North Africa, South Africa, and Central Asia and the approach ensures a seamless, ethical, and transparent migration process, drasticallycutting complexity and shaving costs for healthcare systems.
  • Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.
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Crossfin Technology
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in South Africa Retail startups

Crossfin invests in FINTECH solutions to enable growth for economies in Africa and beyond. Crossfin invests in high growth and established cash generative businesses, offering investors a blended exposure to technology investments in Fintech.

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Investment focus

  • Industry: Payments, Financial Services, Software
  • Stage:Series A, Private Equity
  • Geography: South Africa, United States, Russian Federation

Investor stats

  • Total investments: 15
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Adumo — We are your expert partner in payments, enabling you to seamlessly and securely accept payments in-store and online with our true omni-channel experience. Never miss a sale with South Africa's largest independent payments processor.
  • VantagePay — VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services, and Consumer Product Industries.
  • Momint — Momint is the Web3 investment platform of the future. The safest and easiest to use NFT marketplace in the world. Discover the real-world potential of NFTs.
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Jean-Paul Zammitt
Angel · London, England, United Kingdom · 1 investments in South Africa Retail startups

Jean-Paul Zammitt

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Investment focus

  • Industry: Retail, Fashion
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
Show all investments...

Presight Capital
VC Fund · Los Angeles, California, United States · 1 investments in South Africa Retail startups

A simple static landing page for Presight Capital.

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Investment focus

  • Industry: Biotechnology, Health Care, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 114
  • Round size: Seed $2M–$10M; Series A $10M–$75M; Series B $8.2M–$125M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $400M in 2021

Portfolio highlights

  • Tern Group — Tern Group is an AI Platform to hire and relocate top healthcare talents globally, faster and cheaper. TERN is a full-stack solution to source and relocate top-tier medical and engineering talent from India, North Africa, South Africa, and Central Asia and the approach ensures a seamless, ethical, and transparent migration process, drasticallycutting complexity and shaving costs for healthcare systems.
  • Peptilogics — Peptilogics is a biotechnology platform company that develops best-in-class novel peptide drugs for unmet medical needs using its proprietary computational discovery platform.
  • Alloy Therapeutics — Alloy Therapeutics empowers scientists with access to pre-competitive biologics drug discovery technologies and services across 6 modalities
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FJ Labs
VC Fund · New York, New York, United States · 1 investments in South Africa Retail startups

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Brazil, United Kingdom

Investor stats

  • Total investments: 1119
  • Round size: Seed $1.4M–$10M; Series A $4.5M–$30M; Series B $11M–$65M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $5.5M in 2016

Portfolio highlights

  • Lastro — Lastro is an all-in-one real estate management platform with integrated payments that simplifies managing rental properties. It helps landlords streamline workflows by organizing lease contract information in a cloud-based system, automating rent charging processes, monitoring tenant obligations and generating customized reports.
  • Revelo — Scale your development team with the top 1% of 1,000,000+ software engineers in Latin America. Get matched with senior remote developers who have strong technical and English-speaking skills & hire them without the overhead. We handle payroll, taxes, and HR. Flat monthly rate.
  • Double — Double combines a dedicated human assistant and the best software to help you achieve what matters most.
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Retail Investor funding in South Africa at a glance

Stats across 39 deals from 61 investors.

61
investors
in South Africa Retail startups
39
deals
in South Africa Retail startups
$2.1M
median round
in South Africa Retail startups
48%
lead investors
lead at least one round
21%
Private Equity
most common funding stage
82/18
VC / Angel
share of investor count

Access all 61 investors in South Africa Retail startups.

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