News
Locstat raises €2.5 million pre-Series A led by Portugal Gateway Fund
South African graph-based AI company Locstat has raised a €2.5 million pre-Series A led by Portugal Gateway Fund to grow in Europe.
By Propel Africa · 2025-10-21
Locstat has raised €2.5 million, about $2.9 million, in a pre-Series A round led by Portugal Gateway Fund, Disrupt Africa reported on 21 October. ANZA Capital also invested as a co-investor. Portugal Gateway Fund's general partner, Erik van Veen, expects a Series A round within the next two years.
What Locstat does
The South African company offers a graph-powered AI and event-processing platform that analyses real-time and static data from multiple sources. It supports tasks such as fraud detection, customer journey mapping, rules engines and geospatial analytics. It was founded in 2016, and Ryno Goosen is co-founder and chief executive.
Where it is strongest
Locstat is currently strongest in African financial services, where it helps banks and fintechs with fraud, anti-money laundering and compliance. Locstat reports proven results both locally and across Africa.
Expansion plans
The company is expanding into Europe. The money will help build a European brand presence, revenue and partnerships, grow the South African team, deepen the partner ecosystem and keep investing in the platform.
At a glance
- Company: Locstat
- Raised: €2.5 million
- Round or Type: Pre-Series A
- Lead/Investors: Portugal Gateway Fund (lead), ANZA Capital
- Founded: 2016
- Based in: South Africa
- Markets: African financial services, expanding to Europe