African venture discovery / South Africa
Startups in South Africa
South Africa has the continent's deepest capital markets and its startups raise in ways few others can: local-currency bonds, bank-backed debt and domestic growth funds alongside venture equity. This page lists the South African companies in Propel's records, most recently funded first, with every round traced to its source.
Discover the companies
Explore the companies
Most recently funded first · companies without dated rounds appear last
Brown And Ayo
Epic Contests
Evity
Giraffe
TesseRae
truID
WhereIsMyTransport
WizzPass
iXperience
Kombo King
Libryo
LifeQ
Startup Circles
Watobe
Exchange4Free
Link Health Technology
OVEX
Skynamo
Troygold
Afriwise
Beamm
Hitchat
Inoxico
MFS Africa
Follow the capital
Recorded funding
Newest announcements first · open a company for its round sources
8 recorded rounds shown · USD · includes different financing types.
The context · Q3 2026 and October updates
Understanding the ecosystem
South African startups raised $78.2 million between July and September 2026, up from $18.3 million in the second quarter. Moment's $22 million Series A was the largest equity round, Bridgement raised R330 million (about $20 million) in debt backed by RMB and Standard Bank, and Nesa Power secured $9 million of mezzanine debt from Maia Capital Partners.
The local capital base keeps growing. Infinite Partners closed R2.8 billion (about $169 million) for its second fund in October 2026, aimed at South African growth businesses, and UsPlus issued a R50 million social bond backed by the ALCB Fund. Our Q3 report has the full picture.
What does this page cover?
Companies match the country recorded on their Propel profile. Country does not imply incorporation, founder nationality or every market served. Counts include the financing types recorded by Propel, including equity, debt and grants. Unknown amounts are not zero. Dates retain their recorded precision. This is not a complete market census.
Listings follow Propel’s current public records. The dated context is editorial background, not a live market total. Secondary share sales are excluded from recorded funding here. Named backers are recorded participants; their inclusion does not identify them as the lead investor.
The Propel Journal
Keep a clearer view of Africa.
News and analysis from the startup ecosystem, in your inbox.