# Growth investors in South Africa (2026 list)

> 17 growth investors in South Africa, 76% active in the last 12 months. Led by Bossa Invest, Tengxun Touzi, Endeavor Catalyst. Ranked by what they funded.

Source: https://millionrounds.com/lists/growth-investors-in-south-africa (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Growth investors in South Africa

Updated 7 November 2026

Firms we have watched take part in a growth round raised by a company in South Africa in the last two years, wherever the firm is based.

[See all 17 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-investors-in-south-africa)The top 17

**17** investors on the list No change this week

**199** cheques in 12 months *-23%* against the market

**$30M** median round they joined *+276%* against the market median

**76%** wrote a cheque in 12 months

**65%** have led a round

## The Top 17

Ordered by cheques observed, never by anything anyone paid for

Deploying now (13)

- 1 [Bossa Invest](https://millionrounds.com/fund/bossa-invest) *Deploying now* VC firm · Brazil **657** **$6.7M** median round **Oct 2026** last seen
- 2 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **553** **$50M** median round **Nov 2026** last seen
- 3 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen
- 4 [Google](https://millionrounds.com/fund/google-assistant-investments) *Deploying now* Accelerator · United States **154** **$40M** median round **Nov 2026** last seen
- 5 [FMO](https://millionrounds.com/fund/fmo) *Deploying now* Government · Netherlands **66** **$20M** median round **Oct 2026** last seen
- 6 [Finnfund](https://millionrounds.com/fund/finnfund) *Deploying now* Government · Finland **8** **$52M** median round **Oct 2026** last seen
- 7 [Sanari Capital](https://millionrounds.com/fund/sanari-capital) quiet Private equity · South Africa **6** **$4.7M** median round **Sept 2025** last seen
- 8 [Swedfund International](https://millionrounds.com/fund/swedfund-international) *Deploying now* Fund of funds · Sweden **4** **$62M** median round **Jul 2026** last seen
- 9 [Vumela Fund](https://millionrounds.com/fund/vumela-fund) *Deploying now* Venture debt · United Kingdom **3** **$2.6M** median round **Sept 2026** last seen
- 10 [International Development Finance Corporation (DFC)](https://millionrounds.com/fund/international-development-finance-corporation-dfc) quiet Growth equity **2** **$47M** median round **Dec 2024** last seen
- 11 [M&G Catalyst Fund](https://millionrounds.com/fund/m-and-g-catalyst-fund) *Deploying now* Investment firm **2** **$500M** median round **Aug 2026** last seen
- 12 [27four Investment Managers](https://millionrounds.com/fund/27four-investment-managers) quiet Growth equity · South Africa **1** **$23M** median round **Sept 2025** last seen
- 13 [Convergence Partners Energy Finance](https://millionrounds.com/fund/convergence-partners-energy-finance) *Deploying now* Growth equity **1** **$20M** median round **Jun 2026** last seen
- 14 [DN Invest (DNI)](https://millionrounds.com/fund/dn-invest-dni) *Deploying now* Growth equity **1** **$30M** median round **Oct 2026** last seen
- 15 [Inspired Evolution's Evolution III Fund](https://millionrounds.com/fund/inspired-evolution-s-evolution-iii-fund) *Deploying now* Growth equity **1** **$60M** median round **Nov 2025** last seen
- 16 [Nu Holdings](https://millionrounds.com/fund/nu-holdings) quiet Growth equity **1** **$250M** median round **Dec 2024** last seen
- 17 [Vumela Enterprise Development Fund](https://millionrounds.com/fund/vumela-enterprise-development-fund) *Deploying now* Growth equity **1** **$1.2M** median round **Jun 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *With* [Google](https://millionrounds.com/fund/google-assistant-investments)
- **27** Oct **[General Compute](https://millionrounds.com/company/general-compute)** Series A · $100M *With* [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst)
- **25** Oct **[Freedom](https://millionrounds.com/company/freedom)** Round *Led by* [Bossa Invest](https://millionrounds.com/fund/bossa-invest)
- **23** Oct **[AXIAN Group](https://millionrounds.com/company/axian-group)** Debt · $62M *Led by* [FMO](https://millionrounds.com/fund/fmo)
- **22** Oct **[Electric Plant](https://millionrounds.com/company/electric-plant)** Seed · $11M *With* [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst)

## Stages This Year

186 rounds

- Venture **17%**
- Other **14%**
- Series A **12%**
- Growth **11%**
- Series B **11%**
- Other **35%**

## What They Backed

Sectors, last 12 months

- AI **66**
- Fintech **30**
- Energy **14**
- Financial Services **13**
- Agtech **10**
- Biotech **10**

## Cheques by Quarter

Led Joined

61 Q1 25

63 Q2 25

69 Q3 25

70 Q4 25

66 Q1 26

39 Q2 26

52 Q3 26

18 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Early stage investors in United States 3,774](https://millionrounds.com/lists/early-stage-investors-in-united-states)
- [Series A investors in United States 2,305](https://millionrounds.com/lists/series-a-investors-in-united-states)
- [Seed investors in United States 2,252](https://millionrounds.com/lists/seed-investors-in-united-states)
- [Series B investors in United States 1,647](https://millionrounds.com/lists/series-b-investors-in-united-states)
- [Growth investors in United States 1,329](https://millionrounds.com/lists/growth-investors-in-united-states)
- [Early stage investors in United Kingdom 1,166](https://millionrounds.com/lists/early-stage-investors-in-united-kingdom)
- [Series C investors in United States 967](https://millionrounds.com/lists/series-c-investors-in-united-states)
- [Pre-seed investors in United States 774](https://millionrounds.com/lists/pre-seed-investors-in-united-states)
- [Seed investors in United Kingdom 692](https://millionrounds.com/lists/seed-investors-in-united-kingdom)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth investors in South Africa

### Who are the most active growth investors in South Africa?

By cheques observed, the most active are Bossa Invest, Tengxun Touzi, Endeavor Catalyst, Google and FMO.

### How many growth investors in South Africa are there?

17 are on record. 76% made an investment in the last 12 months and 65% have led a round.

### Which stages do growth investors in South Africa back?

Of the rounds with a named stage in the last 12 months, mostly Series A (18%) and Growth (17%).

### How big are the rounds growth investors in South Africa join?

The typical (median) round among the leading investors here is $30M.

### Which sectors do growth investors in South Africa back most?

In the last 12 months, mostly AI, Fintech and Energy.

### Which growth investors in South Africa lead the most rounds?

Tengxun Touzi (20 led), FMO (5 led) and Sanari Capital (4 led).

### Where are growth investors in South Africa based?

Among the most active, most are based in the United States (2), South Africa (2) and Brazil (1).

### What have growth investors in South Africa invested in recently?

Recent rounds include T-Therapeutics (Series B, Nov 2026, with Tengxun Touzi), Agrani Labs (Nov 2026, with Google) and General Compute (Series A, Oct 2026, with Endeavor Catalyst).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)