SaaS in South Africa: funding deals and active investors
One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — SaaS, South Africa.
24
deals recorded
10
over 12 months
2.7 M$
median disclosed ticket
40
identified investors
Key findings
- 24 funding deals recorded (SaaS, South Africa) since 2016, involving 23 companies and 40 identified investors. 10 of them over the last 12 months (8 the previous year).
- Median disclosed ticket: 2.7 M$; half of the deals fall between 1.5 M$ and 5.5 M$ (18 amounts disclosed out of 24, 66.2 M$ in total).
- Where the money goes: Data and AI (50 %), Enterprise software (SaaS) (17 %), Vertical software (17 %).
- Most frequent stage: Seed (38 %); most used instrument: Equity (79 %).
- Most active investors: Futuregrowth Asset Management (3), Flourish Ventures (2), TLcom Capital (2).
- 42 % of deals are syndicated (at least two investors around the table).
Industries
- Data and AI12
- Enterprise software (SaaS)4
- Vertical software4
- Martech and communications platforms2
- Cloud and software infrastructure1
Stages
- Seed9
- Series A4
- Pre-Seed3
- Growth2
Instruments
- Equity19
Deals per year
| Year | Deals | Disclosed amounts |
|---|---|---|
| 2024 | 4 | 12.7 M$ |
| 2025 | 9 | 27 M$ |
| 2026 | 9 | 26.6 M$ |
Most active investors
- Futuregrowth Asset Management3 deals
- Flourish Ventures2 deals
- TLcom Capital2 deals
- 3 Capital Ventures1 deal
- Aions1 deal
- Andrena Ventures1 deal
- ANZA Capital1 deal
- Arise1 deal
- Atlantic Bridge1 deal
- Atlantica Ventures1 deal
- Authentic Ventures1 deal
- Cambridge Enterprise1 deal
Latest deals
| Company | Date | Disclosed amounts | Lead |
|---|---|---|---|
| HisWay LabsVertical software · South Africa | Sept 2026 | undisclosed | Octocosource |
| VerascientData and AI · South Africa · Seed | Aug 2026 | 1.2 M$ | Founder Collectivesource |
| JemEnterprise software (SaaS) · South Africa · Series A | Aug 2026 | 8.4 M$ | Quona Capitalsource |
| TennsaData and AI · South Africa · Pre-Seed | Aug 2026 | 61 k$ | Oakvale Investsource |
| HyperDevIT services and software development · South Africa · Pre-Seed | Jul 2026 | 1 M$ | Loom Venturessource |
| Refiant AIData and AI · South Africa · Seed | Apr 2026 | 5 M$ | VoLo Earth Venturessource |
| littlefishVertical software · South Africa · Series A | Mar 2026 | 9.5 M$ | Partech Africasource |
| YaziData and AI · South Africa | Mar 2026 | undisclosed | 3 Capital Venturessource |
| Talk360Martech and communications platforms · South Africa | Feb 2026 | 1.4 M$ | HAVAÍCsource |
| AgeiroData and AI · South Africa | Dec 2025 | 3 M$ | undisclosedsource |
| LocstatData and AI · South Africa · Seed | Oct 2025 | 2.3 M$ | Portugal Gateway Fundsource |
| CerebriumCloud and software infrastructure · South Africa · Seed | Jul 2025 | 8.5 M$ | Gradient Venturessource |
See also
Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.