# VC firms based in South Africa (2026 list) > 244 VC firms based in South Africa, 5% active in the last 12 months. Led by Naspers, 54 Collective, Seek. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-based-in-south-africa (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms based in South Africa Updated 7 November 2026 VC firms headquartered in South Africa. [See all 244 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-south-africa)The top 25 **244** investors on the list No change this week **15** cheques in 12 months *-52%* against the market **$5M** median round they joined *-37%* against the market median **5%** wrote a cheque in 12 months **5%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (10) - 1 [Naspers](https://millionrounds.com/fund/naspers) quiet VC firm · South Africa **66** **$48M** median round **Jan 2025** last seen - 2 [54 Collective](https://millionrounds.com/fund/54-collective) *Deploying now* VC firm · South Africa **51** **$450K** median round **Dec 2025** last seen - 3 [Seek](https://millionrounds.com/fund/seek) quiet VC firm · South Africa **13** **$15M** median round **Mar 2025** last seen - 4 [ZIG Capital](https://millionrounds.com/fund/zig-capital) quiet VC firm · South Africa **8** **$2.1M** median round **Jun 2014** last seen - 5 [4Di Capital](https://millionrounds.com/fund/4di-capital) *Deploying now* VC firm · South Africa **7** **$6.3M** median round **May 2026** last seen - 6 [E4EAfrica](https://millionrounds.com/fund/e4e-africa) *Deploying now* VC firm · South Africa **7** **$5M** median round **Oct 2026** last seen - 7 [Kalon Venture Partners](https://millionrounds.com/fund/kalon-venture-partners) quiet VC firm · South Africa **6** **$4.5M** median round **Oct 2024** last seen - 8 [HAVAÍC](https://millionrounds.com/fund/havaic) *Deploying now* VC firm · South Africa **5** **$1.8M** median round **Feb 2026** last seen - 9 [Invenfin](https://millionrounds.com/fund/invenfin) quiet VC firm · South Africa **4** **$17M** median round **Sept 2025** last seen - 10 [Anglo American](https://millionrounds.com/fund/anglo-american) quiet VC firm · South Africa **3** **$8.1M** median round **Aug 2025** last seen - 11 [Futuregrowth Asset Management](https://millionrounds.com/fund/futuregrowth-asset-management) *Deploying now* VC firm · South Africa **3** **$5M** median round **Mar 2026** last seen - 12 [Kilowatt](https://millionrounds.com/fund/kilowatt) quiet VC firm · South Africa **3** **$2.4M** median round **May 2019** last seen - 13 [3 Capital Ventures](https://millionrounds.com/fund/3-capital-ventures) *Deploying now* VC firm · South Africa **2** **$4M** median round **Mar 2026** last seen - 14 [Anza](https://millionrounds.com/fund/anza) quiet VC firm · South Africa **2** **$2.9M** median round **Oct 2025** last seen - 15 [Energy Venture Capital](https://millionrounds.com/fund/energy-venture-capital) quiet VC firm · South Africa **2** **$23M** median round **May 2019** last seen - 16 [Holocene](https://millionrounds.com/fund/holocene) quiet VC firm · South Africa **2** **$1.6M** median round **Nov 2025** last seen - 17 [NEXT176](https://millionrounds.com/fund/next176) quiet VC firm · South Africa **2** **$2.5M** median round **Mar 2025** last seen - 18 [Tritech Global](https://millionrounds.com/fund/tritech-global) quiet VC firm · South Africa **2** **$6.2M** median round **Dec 2023** last seen - 19 [Industrial Development Corporation](https://millionrounds.com/fund/industrial-development-corporation) quiet VC firm · South Africa **2** **$158M** median round **Sept 2015** last seen - 20 [Absa Bank](https://millionrounds.com/fund/absa-bank) quiet VC firm · South Africa **1** **$6.8M** median round **Mar 2025** last seen - 21 [Africa Health Ventures](https://millionrounds.com/fund/africa-health-ventures) *Deploying now* VC firm · South Africa **1** **$1.4M** median round **Jul 2026** last seen - 22 [AlphaCode Venture Partners](https://millionrounds.com/fund/alphacode-venture-partners) *Deploying now* VC firm · South Africa **1** **$22M** median round **Aug 2026** last seen - 23 [Arche Capital](https://millionrounds.com/fund/arche-capital) *Deploying now* VC firm · South Africa **1** **$19M** median round **Sept 2026** last seen - 24 [Base Capital](https://millionrounds.com/fund/base-capital) *Deploying now* VC firm · South Africa **1** **$7.3M** median round **Apr 2026** last seen - 25 [Byte Orbit](https://millionrounds.com/fund/byte-orbit) quiet VC firm · South Africa **1** **$11K** median round **Nov 2012** last seen **219 more on this list** All 244 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-south-africa) ## The Newest Cheques Rounds this list's investors joined most recently - **14** Oct **[Kuunda](https://millionrounds.com/company/kuunda)** Other · $5M *Led by* [E4EAfrica](https://millionrounds.com/fund/e4e-africa) - **1** Sept **[Limited](https://millionrounds.com/company/limited)** Seed · $19M *With* [Arche Capital](https://millionrounds.com/fund/arche-capital) - **7** Aug **[Moment](https://millionrounds.com/company/moment)** Series A · $22M *Led by* [AlphaCode Venture Partners](https://millionrounds.com/fund/alphacode-venture-partners) - **24** Jul **[Reme-D](https://millionrounds.com/company/reme-d)** Pre-seed · $1.4M *With* [Africa Health Ventures](https://millionrounds.com/fund/africa-health-ventures) - **16** Jul **[Cue](https://millionrounds.com/company/cue)** Series A · $5M *Led by* [Knife Capital](https://millionrounds.com/fund/knife-capital) - **1** Jun **[Zimi Charge](https://millionrounds.com/company/zimi-charge)** $2.6M *With* [Keyo Ventures](https://millionrounds.com/fund/keyo-ventures) ## Stages This Year 13 rounds - Other **23%** - Seed **23%** - Series A **23%** - Growth **15%** - Pre-seed **8%** - Other **8%** ## What They Backed Sectors, last 12 months - Fintech **5** - AI **4** - Internet **2** - Construction **2** - Healthcare **2** - Cleantech **1** ## Cheques by Quarter Led Joined 14 Q1 25 6 Q2 25 4 Q3 25 9 Q4 25 5 Q1 26 3 Q2 26 4 Q3 26 1 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms based in South Africa ### Who are the most active VC firms based in South Africa? By cheques observed, the most active are Naspers, 54 Collective, Seek, ZIG Capital and 4Di Capital. ### How many VC firms based in South Africa are there? 244 are on record. 5% made an investment in the last 12 months and 5% have led a round. ### Which stages do VC firms based in South Africa back? Of the rounds with a named stage in the last 12 months, mostly Seed (33%) and Series A (33%). ### How big are the rounds VC firms based in South Africa join? The typical (median) round among the leading investors here is $5M. ### Which sectors do VC firms based in South Africa back most? In the last 12 months, mostly Fintech, AI and Internet. ### Which VC firms based in South Africa lead the most rounds? Naspers (8 led), E4EAfrica (3 led) and HAVAÍC (3 led). ### What have VC firms based in South Africa invested in recently? Recent rounds include Kuunda (Other, Oct 2026, with E4EAfrica), Limited (Seed, Sept 2026, with Arche Capital) and Moment (Series A, Aug 2026, with AlphaCode Venture Partners). ### How is this list of VC firms based in South Africa ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)