GJO & PartnersInvest Matching

SaaS funding in Africa: investors, tickets and countries

Who finances SaaS in Africa, where, at which stage and with which tickets: every figure below is computed from the funding deals recorded on the platform.

57

deals recorded

20

over 12 months

3 M$

median disclosed ticket

81

identified investors

Key findings

  • 57 funding deals recorded (SaaS) since 2016, involving 52 companies and 81 identified investors. 20 of them over the last 12 months (20 the previous year).
  • Median disclosed ticket: 3 M$; half of the deals fall between 1.3 M$ and 5.3 M$ (35 amounts disclosed out of 57, 134.1 M$ in total).
  • Where the money goes: South Africa (37 %), Nigeria (32 %), Ghana (9 %).
  • Most frequent stage: Seed (39 %); most used instrument: Equity (86 %).
  • Most active investors: TLcom Capital (9), Atlantica Ventures (3), Flourish Ventures (3).
  • 46 % of deals are syndicated (at least two investors around the table).

Countries

  • South Africa21
  • Nigeria18
  • Ghana5
  • Kenya3
  • Madagascar2

Industries

  • Data and AI20
  • Enterprise software (SaaS)10
  • Vertical software10
  • Martech and communications platforms6
  • Cloud and software infrastructure5

Stages

  • Seed22
  • Pre-Seed11
  • Series A9
  • Growth8

Instruments

  • Equity49

Deals per year

YearDealsDisclosed amounts
20211—
2022618.9 M$
202333.6 M$
202445.6 M$
20251963.4 M$
20261842.6 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
HisWay LabsVertical software · South AfricaSept 2026undisclosedOctocosource
AeonCybersecurity · Nigeria · Pre-SeedSept 20261 M$Terra Industriessource
PewbeamVertical software · NigeriaSept 2026undisclosedResilience17source
VerascientData and AI · South Africa · SeedAug 20261.2 M$Founder Collectivesource
JemEnterprise software (SaaS) · South Africa · Series AAug 20268.4 M$Quona Capitalsource
TennsaData and AI · South Africa · Pre-SeedAug 202661 k$Oakvale Investsource
HyperDevIT services and software development · South Africa · Pre-SeedJul 20261 M$Loom Venturessource
YamifyData and AI · DRC · Pre-SeedJun 2026undisclosedLaunch Africa Venturessource
AethexAIData and AI · Nigeria · Pre-SeedJun 20263 M$Enza Capitalsource
Indigenius AIData and AI · Nigeria · GrowthJun 2026250 k$Cascadorsource
StearsData and AI · Nigeria · GrowthJun 2026450 k$Cascadorsource
CybervergentCybersecurity · Nigeria · SeedApr 20263 M$Ventures Platformsource
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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.