# Series B investors in South Africa (2026 list) > 21 series B investors in South Africa, 67% active in the last 12 months. Led by 500 Global, Partech Ventures, QED Investors. Ranked by what they funded. Source: https://millionrounds.com/lists/series-b-investors-in-south-africa (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Series B investors in South Africa Updated 7 November 2026 Firms we have watched take part in a Series B round raised by a company in South Africa in the last two years, wherever the firm is based. [See all 21 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-b-investors-in-south-africa)The top 21 **21** investors on the list No change this week **283** cheques in 12 months *-36%* against the market **$29M** median round they joined *+257%* against the market median **67%** wrote a cheque in 12 months **62%** have led a round ## The Top 21 Ordered by cheques observed, never by anything anyone paid for Deploying now (14) - 1 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen - 2 [Partech Ventures](https://millionrounds.com/fund/partech) *Deploying now* VC firm · France **444** **$15M** median round **Oct 2026** last seen - 3 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **314** **$29M** median round **Oct 2026** last seen - 4 [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) *Deploying now* Government · United States **283** **$39M** median round **Oct 2026** last seen - 5 [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) *Deploying now* VC firm · United States **205** **$60M** median round **Oct 2026** last seen - 6 [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) *Deploying now* VC firm · United Kingdom **123** **$6.4M** median round **Oct 2026** last seen - 7 [Chevron Technology Ventures](https://millionrounds.com/fund/chevron-technology-ventures) *Deploying now* Corporate VC · United States **104** **$17M** median round **Sept 2026** last seen - 8 [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) *Deploying now* VC firm **79** **$10M** median round **Nov 2026** last seen - 9 [Naspers](https://millionrounds.com/fund/naspers) quiet VC firm · South Africa **66** **$48M** median round **Jan 2025** last seen - 10 [Glynn Capital Management](https://millionrounds.com/fund/glynn-capital) *Deploying now* VC firm · United States **48** **$38M** median round **Mar 2026** last seen - 11 [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) *Deploying now* Corporate VC · United States **34** **$24M** median round **Mar 2026** last seen - 12 [KFW DEG](https://millionrounds.com/fund/deg) *Deploying now* Government · Germany **7** **$38M** median round **Oct 2026** last seen - 13 [Norrsken22](https://millionrounds.com/fund/norrsken22) *Deploying now* Private equity · United States **6** **$8.9M** median round **Sept 2026** last seen - 14 [Cathay AfricInvest Innovation Fund](https://millionrounds.com/fund/cathay-africinvest-innovation-fund) quiet Investment firm **3** **$15M** median round **Sept 2025** last seen - 15 [Hollard Insurance](https://millionrounds.com/fund/hollard) quiet Corporate VC · South Africa **2** **$20M** median round **Jan 2025** last seen - 16 [Idemitsu](https://millionrounds.com/fund/idemitsu) *Deploying now* Growth equity · Australia **2** **$75M** median round **Jul 2026** last seen - 17 [Klima](https://millionrounds.com/fund/klima) *Deploying now* Growth equity **2** **$12M** median round **Oct 2026** last seen - 18 [Trevor Noah](https://millionrounds.com/fund/trevor-noah) quiet Angel **2** **$178M** median round **Apr 2025** last seen - 19 [BlueOrchard](https://millionrounds.com/fund/blueorchard) quiet Growth equity · Netherlands **1** **$38M** median round **Jan 2025** last seen - 20 [Raba Partnership](https://millionrounds.com/fund/the-raba-partnership) quiet VC firm · South Africa **1** **$55M** median round **Apr 2025** last seen - 21 [Yellowwoods](https://millionrounds.com/fund/yellowwoods) quiet Growth equity **1** **$38M** median round **Jan 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **3** Nov **[Guava](https://millionrounds.com/company/guava)** Seed · $13M *With* [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) - **3** Nov **[PowerUp Money](https://millionrounds.com/company/powerup-money)** Other · $10M *Led by* [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) - **29** Oct **[Collective](https://millionrounds.com/company/collective)** Series B · $40M *With* [QED Investors](https://millionrounds.com/fund/qed-investors) - **29** Oct **[Collective](https://millionrounds.com/company/collective)** Series B · $100M *Led by* [QED Investors](https://millionrounds.com/fund/qed-investors) - **27** Oct **[ClarityCare](https://millionrounds.com/company/claritycare)** Series A · $17M *With* [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) - **27** Oct **[Madica](https://millionrounds.com/company/madica)** Pre-seed · $6M *Led by* [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) ## Stages This Year 272 rounds - Series A **17%** - Seed **17%** - Debt **13%** - Venture **11%** - Series B **10%** - Other **33%** ## What They Backed Sectors, last 12 months - AI **97** - Fintech **55** - Financial Services **28** - Energy **19** - Construction **14** - Healthcare **13** ## Cheques by Quarter Led Joined 123 Q1 25 116 Q2 25 107 Q3 25 110 Q4 25 103 Q1 26 67 Q2 26 58 Q3 26 21 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 series B investors in South Africa ### Who are the most active series B investors in South Africa? By cheques observed, the most active are 500 Global, Partech Ventures, QED Investors, International Finance Corporation and Ribbit Capital. ### How many series B investors in South Africa are there? 21 are on record. 67% made an investment in the last 12 months and 62% have led a round. ### Which stages do series B investors in South Africa back? Of the rounds with a named stage in the last 12 months, mostly Series A (21%) and Seed (21%). ### How big are the rounds series B investors in South Africa join? The typical (median) round among the leading investors here is $29M. ### Which sectors do series B investors in South Africa back most? In the last 12 months, mostly AI, Fintech and Financial Services. ### Which series B investors in South Africa lead the most rounds? QED Investors (31 led), Ribbit Capital (29 led) and Partech Ventures (18 led). ### Where are series B investors in South Africa based? Among the most active, most are based in the United States (8), South Africa (3) and France (1). ### What have series B investors in South Africa invested in recently? Recent rounds include Guava (Seed, Nov 2026, with Flourish Ventures), PowerUp Money (Other, Nov 2026, with Flourish Ventures) and Collective (Series B, Oct 2026, with QED Investors). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)