Startup funding in South Africa
18 funding rounds for startups in South Africa were tracked in the last 24 months, raising about €393M in total. The largest was Spiro at €232M. Data to 2026-10-12.
18Rounds
€393MRaised
See these rounds on the map or search the full table.
Stages
Top sectors
Largest rounds
| Company | Amount | Stage | Date | Source |
|---|---|---|---|---|
| Spiro | €232M | Series B | 2026-06-01 | link |
| 22 On Sloane | €54.2M | Growth/Late | 2026-09-16 | link |
| Mission Mobile | €26.5M | Growth/Late | 2026-09-21 | link |
| Moment | €18.9M | Series A | 2026-08-04 | link |
| Bridgement | €17.5M | Early VC | 2026-08-14 | link |
| Biovac | €12.9M | Debt | 2026-09-07 | link |
| Jem HR | €7.2M | Series A | 2026-08-19 | link |
| Jem | €7.2M | Series A | 2026-08-18 | link |
| Cue | €4.3M | Early VC | 2026-08-14 | link |
| Refiant AI | €4.3M | Seed | 2026-07-09 | link |
Most active investors
- Quona Capital · 2 rounds
- University Technology Fund · 2 rounds
- E4E · 2 rounds
- Next176/FutureGrowth · 2 rounds
Latest rounds
| Date | Company | Amount | Stage | Source |
|---|---|---|---|---|
| 2026-10-08 | WalaPay | €4.0M | Seed | link |
| 2026-09-23 | HisWay Labs | n/d | Other | link |
| 2026-09-21 | Mission Mobile | €26.5M | Growth/Late | link |
| 2026-09-16 | 22 On Sloane | €54.2M | Growth/Late | link |
| 2026-09-09 | Zazu | n/d | Seed | link |
| 2026-09-09 | Zimi Charge | €2.2M | Early VC | link |
| 2026-09-07 | Biovac | €12.9M | Debt | link |
| 2026-08-24 | Verascient | €1.0M | Pre-Seed | link |
| 2026-08-21 | Yellow | n/d | Series C | link |
| 2026-08-19 | Jem HR | €7.2M | Series A | link |
| 2026-08-18 | Jem | €7.2M | Series A | link |
| 2026-08-14 | Bridgement | €17.5M | Early VC | link |
| 2026-08-14 | Cue | €4.3M | Early VC | link |
| 2026-08-12 | TurnStay | €258K | Pre-Seed | link |
| 2026-08-10 | Tennsa | €52K | Pre-Seed | link |
| 2026-08-04 | Moment | €18.9M | Series A | link |
| 2026-07-09 | Refiant AI | €4.3M | Seed | link |
| 2026-06-01 | Spiro | €232M | Series B | link |
Frequently asked questions
- How much funding did startups in South Africa raise in the last 24 months?
- Across 18 tracked rounds, startups in South Africa raised about €393M in total (amounts normalised to EUR). Data runs to 2026-10-12.
- What was the largest funding round for startups in South Africa?
- Spiro raised €232M (Series B) on 2026-06-01.
- Which investors are most active in startups in South Africa?
- By number of tracked rounds: Quona Capital (2), University Technology Fund (2), E4E (2), Next176/FutureGrowth (2). Investor names are only available for rounds where the source disclosed them.
- Which sectors raise the most rounds for startups in South Africa?
- Fintech (8), AI (4), HRtech (2), Hardware (1), by number of rounds.
- Where does this data come from?
- Rounds come from the Tech.eu Funding Explorer (Europe, CC BY 4.0), startup news feeds read by an AI model, and SEC EDGAR Form D filings in the US. Europe has the deepest coverage, so totals for other regions are likely understated. Check the linked source before relying on any figure.