Fund manager (General Partner), AVCA member, South Africa. Assets under management: ≈ USD 80m.
At a glance
Based on observed investment behaviour: 7 recorded deals
- Investor type
- Private equity or venture capital fund (inferred, not verified)
- Capital type
- Private equity (inferred from deals)
- Observed ticket
- 1.5 M$ – 23.4 M$, median 5 M$ (4 disclosed amounts)
- Stated ticket : 1.5 M$ – 25 M$
- Countries
- South Africa (7)
- Activities
- Primary and secondary schools (2), Commercial & industrial energy (1), Data and AI (1)
- Instruments
- Equity (7)
- Stages
- Growth (7)
- Recent activity
- 0 deal in 12 months, latest Sept 2025
Stated thesis versus observed behaviour
- Sectors: 71% of its deals within its stated thesis
- Countries: 100% of its deals within its stated thesis
- Ticket: 100% of its deals within its stated thesis
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 1.5 M$ – 25 M$
- Instruments
- Equity
- Preferred sectors
- SaaS, Energy, Education, Manufacturing, Business & personal services, Media & entertainment*, Tourism & hospitality*, Fintech*, Logistics*
- Target geographies
- South Africa
* added from its deals
- Stages (stated by the fund and from its deals)
- Growth
Recent public deals: they say better than a thesis what the fund actually signs.
September 2025 · South Africa Growth23.4 M$EquityLogisticsLead
Activity : Supply chain software
Vehicle : Sanari 3S Growth Fund
Ctrack provides SaaS telematics and fleet asset management solutions. Its operations span Africa, Europe, the UK, Australia and New Zealand.
Why they invested
- Global telematics company with a strong technology platform
- Potential for further growth and international expansion
- Difficult operating conditions in Africa support demand for telematics solutions
- Fit with Sanari's growth, innovation and portfolio diversification strategy
Co-investors 27four Investment Managers
Source : sanaricapital.com
November 2024 · South Africa Growth5 M$EquityEnergyLead
Activity : Commercial & industrial energy
Vehicle : Sanari 3S Growth Fund
Energenic provides energy generation products and solutions in more than 32 African countries, including telecommunications, tourism and general commerce.
Why they invested
- Structural energy infrastructure gaps across Africa
- Growing demand for alternative and hybrid energy solutions
- Growth potential beyond South Africa across the continent
- Positioning around energy access and reliability
Source : sanaricapital.com
GrowthUndisclosed amountEquityEducationLead
Activity : Primary and secondary schools
Instrument : Investissement de 80 M ZAR · Vehicle : Sanari 3S Growth Fund
EduLife Group operates a network of independent schools offering diversified and tailored education across different income segments.
Why they invested
- Strong demand for quality and affordable private education
- Geographic expansion across several South African provinces
- Capacity expansion in existing schools
- Application of Sanari's 3S approach to a growing family-owned business
Source : sanaricapital.com
October 2022 · South Africa Growth5 M$EquityFintechCo-Invest
Activity : Regtech, identity and fraud prevention
Vehicle : Sanari 3S Growth Fund
iiDENTIFii provides biometric identity verification and digital onboarding solutions for African enterprises, including banks, insurers and mining groups.
Why they invested
- Expansion of biometric technology across Africa
- Growing cybercrime threat in financial services
- Contribution to financial, digital and identity inclusion
- Potential for regional scalability
Co-investors Arise, Bill Spruill
Source : sanaricapital.com
August 2020 · South Africa Growth1.5 M$EquityManufacturingCo-Invest
Activity : Electronics and appliances
Vehicle : Sanari LMM Fund
LightWare designs and manufactures microLiDAR systems and laser ranging sensors for drones, robots, autonomous vehicles and smart-city applications.
Why they invested
- South African technology with strong international potential
- Global demand for drones, robotics, IoT and autonomous solutions
- Significant international expansion potential
- Job and skills creation in South Africa
Co-investors 27four Investment Managers
Source : sanaricapital.com
September 2019 · South Africa GrowthUndisclosed amountEquityEducationLead
Activity : Primary and secondary schools
Instrument : Investissement de 28 M ZAR
EduLife Group operates private schools offering accessible, quality education in the Free State and other South African provinces.
Why they invested
- Demand for affordable private education
- Expansion of schools and improvement of facilities
- Professionalisation of a family-owned business
- Fit with the Education is the most powerful weapon investment theme
Source : sanaricapital.com
March 2017 · South Africa GrowthUndisclosed amountEquitySaaSLead
Activity : Data and AI
Instrument : control investment
Fernridge provides geospatial data and analytics supporting location and expansion decisions across Africa.
Why they invested
- Already profitable company with proprietary African data assets
- Potential to expand use cases and go-to-market channels
- Favorable trends around Big Data and Emerging Africa
- Application of Sanari's 3S approach
Source : sanaricapital.com
Sanari Capital invests tickets ranging from 1.5 M$ to 25 M$, across the following sectors: SaaS, Energy, Education, Manufacturing, Business & personal services, Media & entertainment, Tourism & hospitality, Fintech, and Logistics, in the following areas: South Africa. Check in 30 seconds whether your company fits these criteria.
