GJO & Partners

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.

68

deals recorded

19

over 12 months

3 M$

median disclosed ticket

118

identified investors

Key findings

  • 68 funding deals recorded (SaaS) since 2016, involving 63 companies and 118 identified investors. 19 of them over the last 12 months (21 the previous year).
  • Median disclosed ticket: 3 M$; half of the deals fall between 1.4 M$ and 5 M$ (44 amounts disclosed out of 68, 162 M$ in total).
  • Where the money goes: South Africa (35 %), Nigeria (28 %), Kenya (10 %).
  • Most frequent stage: Seed (38 %); most used instrument: Equity (82 %).
  • Most active investors: TLcom Capital (9), Y Combinator (5), Atlantica Ventures (3).
  • 47 % of deals are syndicated (at least two investors around the table).

Countries

  • South Africa24
  • Nigeria19
  • Kenya7
  • Ghana6
  • Senegal3

Industries

  • Data and AI26
  • Enterprise software (SaaS)13
  • Vertical software10
  • Martech and communications platforms8
  • Cloud and software infrastructure5

Stages

  • Seed26
  • Pre-Seed14
  • Series A11
  • Growth8

Instruments

  • Equity56

Deals per year

YearDealsDisclosed amounts
20211—
2022618.9 M$
202333.6 M$
20241533.5 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.