Recently Funded Startups in South Africa (Aug-2025)
Last Updated: 28-Aug-2025
South Africa’s startup ecosystem continues to thrive, characterized by a growing number of innovative companies attracting substantial investment. In recent years, the country has witnessed a surge in entrepreneurial activity, particularly in technology-driven sectors. With a diverse pool of talent and increasing access to funding, South African startups are positioned to tackle local challenges while also extending their reach to global markets.
Funding is crucial for startups as it fuels growth, product development, and market expansion. In August 2025, the funding landscape in South Africa remains vibrant, with significant investments concentrated in key industries such as financial services, energy, and education. As startups secure vital capital, they contribute not only to the economy but also to the advancement of innovation in their respective sectors.
Funding Highlights
- Total number of startups tracked: 118
- Number of startups that raised funding last year: 39
- Number of startups that raised funding this year: 21
- Total funding raised this year so far: $222,000,000
- Largest deal: Stitch, Series B, $55,000,000
- Top industries by funding amount: Financial Services – $93,600,000, Energy – $60,700,000, Education – $24,000,000
- Top industries by number of deals this year: Financial Services – 5 deals, Energy – 3 deals, Agriculture and Farming – 2 deals
Full List of Recently Funded Startups in South Africa
| Company | City | Country | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| TurnStay | Cape Town | South Africa | Seed | $1.9M | 2025-08-05 | Financial Services |
| Tekton | Cape Town | South Africa | Series Unknown | $16.7K | 2025-08-05 | Transportation |
| Akili AI | Cape Town | South Africa | Pre-Seed | Undisclosed | 2025-07-15 | Artificial Intelligence (AI) |
| MoneyBadger | Stellenbosch | South Africa | Pre-Seed | $400K | 2025-07-15 | Apps |
| Sticitt | Somerset West | South Africa | Series A | Undisclosed | 2025-07-03 | Financial Services |
| Wetility | Johannesburg | South Africa | Series Unknown | $27.9M | 2025-06-18 | Energy |
| Open Access Energy | Cape Town | South Africa | Seed | $1.8M | 2025-06-17 | Energy |
| Nile.ag | Centurion | South Africa | Series A | $11.3M | 2025-06-10 | Agriculture and Farming |
| WeThinkCode_ | Johannesburg | South Africa | Series Unknown | $2M | 2025-06-10 | Consumer Electronics |
| AURA | Johannesburg | South Africa | Series B | $15.1M | 2025-05-16 | Information Technology |
| Impulse Biomedical | Cape Town | South Africa | Series Unknown | Undisclosed | 2025-05-14 | Health Care |
| DigiSquad | Johannesburg | South Africa | Series Unknown | Undisclosed | 2025-04-23 | Financial Services |
| PsyLabs | Cape Town | South Africa | Series Unknown | $500K | 2025-04-15 | Health Care |
| Stitch | Cape Town | South Africa | Series B | $55M | 2025-04-11 | Financial Services |
| Jem | Cape Town | South Africa | Series Unknown | $1.6M | 2025-03-25 | Administrative Services |
| Pele Energy Group | Johannesburg | South Africa | Series Unknown | $31M | 2025-03-04 | Energy |
| Ivorypay | Gauteng | South Africa | Series Unknown | Undisclosed | 2025-03-04 | Blockchain and Cryptocurrency |
| KHULA! | Johannesburg | South Africa | Series A | $6.8M | 2025-03-03 | Agriculture and Farming |
| Rode Publications & Media | Cape Town | South Africa | Series Unknown | Undisclosed | 2025-02-10 | Professional Services |
| NjiaPay | Johannesburg | South Africa | Pre-Seed | $1M | 2025-01-28 | Financial Services |
| Enko Education | Johannesburg | South Africa | Series Unknown | $24M | 2025-01-22 | Education |
| Naked Insurance | Johannesburg | South Africa | Series B | $37.6M | 2025-01-21 | Financial Services |
| Faro | Cape Town | South Africa | Seed | $6M | 2025-01-15 | Clothing and Apparel |
| Sourcefin | Johannesburg | South Africa | Series Unknown | $8.3M | 2024-12-18 | Financial Services |
| TymeBank | Johannesburg | South Africa | Series D | $250M | 2024-12-17 | Financial Services |
| Etana Energy | Cape Town | South Africa | Series Unknown | $100M | 2024-12-04 | Energy |
| Mapha | Johannesburg | South Africa | Series Unknown | $50K | 2024-11-18 | Administrative Services |
| Aveade | Johannesburg | South Africa | Series Unknown | $50K | 2024-11-18 | Administrative Services |
| The African Climate Foundation | Cape Town | South Africa | Series Unknown | $2.1M | 2024-11-15 | Agriculture and Farming |
| Energenic Holdings | Gauteng | South Africa | Series Unknown | $4.8M | 2024-11-12 | Energy |
| Abalobi | Cape Town | South Africa | Series Unknown | $250K | 2024-11-07 | Apps |
| Pargo | Cape Town | South Africa | Series Unknown | $4M | 2024-10-24 | Administrative Services |
| GoMetro | Cape Town | South Africa | Series Unknown | $191.1K | 2024-10-16 | Apps |
| Grid Africa | Bryanston | South Africa | Series Unknown | $2.8M | 2024-10-15 | Energy |
| TUNL | Cape Town | South Africa | Seed | Undisclosed | 2024-10-04 | Transportation |
| Syked | Centurion | South Africa | Series Unknown | Undisclosed | 2024-10-03 | Health Care |
| WiSolar | Johannesburg | South Africa | Series Unknown | $9M | 2024-09-26 | Energy |
| Happy Pay | Cape Town | South Africa | Pre-Seed | $1.8M | 2024-09-17 | Commerce and Shopping |
| Omnisient | Collaborative Consumer Intelligence | Cape Town | South Africa | Series A | $7.5M | 2024-08-27 | Data and Analytics |
| Open Access Energy | Cape Town | South Africa | Seed | $1.5M | 2024-08-12 | Energy |
| Smart View Technology | Cape Town | South Africa | Series Unknown | $10.9K | 2024-08-07 | Hardware |
| Athena | Johannesburg | South Africa | Series Unknown | $10.9K | 2024-08-05 | Financial Services |
| Credipple | Gauteng | South Africa | Series Unknown | $10.9K | 2024-08-05 | Administrative Services |
| Adbot | Cape Town | South Africa | Series Unknown | $10.9K | 2024-08-05 | Advertising |
| Plentify | Cape Town | South Africa | Series Unknown | Undisclosed | 2024-07-22 | Energy |
| ByteFuse | Stellenbosch | South Africa | Series Unknown | $3M | 2024-07-18 | Artificial Intelligence (AI) |
| Momint | Cape Town | South Africa | Series Unknown | $50K | 2024-07-16 | Blockchain and Cryptocurrency |
| TurnStay | Cape Town | South Africa | Seed | $300.2K | 2024-07-15 | Financial Services |
| PAIX | Gauteng | South Africa | Series Unknown | $30M | 2024-07-03 | Hardware |
| Deimos | Cape Town | South Africa | Series Unknown | $10M | 2024-06-13 | Information Technology |
| Entersekt | Stellenbosch | South Africa | Series Unknown | Undisclosed | 2024-06-13 | Apps |
| Orca Fraud | Cape Town | South Africa | Pre-Seed | $550K | 2024-05-24 | Financial Services |
| NewForm Foods | Cape Town | South Africa | Pre-Seed | $200K | 2024-04-24 | Agriculture and Farming |
| Spatialedge | Stellenbosch | South Africa | Series Unknown | $3.2M | 2024-04-17 | Artificial Intelligence (AI) |
| Koa Academy | Cape Town | South Africa | $50K | 2024-03-25 | Education | |
| Float | Johannesburg | South Africa | $10.5M | 2024-03-19 | Commerce and Shopping | |
| NFTfi | Cape Town | South Africa | $6M | 2024-03-11 | Commerce and Shopping | |
| RecoMed | Cape Town | South Africa | Undisclosed | 2024-03-07 | Commerce and Shopping | |
| Fruittex | Louis Trichardt | South Africa | Undisclosed | 2024-03-04 | Agriculture and Farming | |
| FloatPays | Johannesburg | South Africa | Series Unknown | Undisclosed | 2024-02-14 | Administrative Services |
| Franc | Johannesburg | South Africa | Series Unknown | Undisclosed | 2024-02-14 | Financial Services |
| CubeSpace | Stellenbosch | South Africa | Series Unknown | $2.5M | 2024-02-13 | Community and Lifestyle |
| Cloudline | Cape Town | South Africa | Seed | $6M | 2023-12-21 | Science and Engineering |
| Jembi | Cape Town | South Africa | Series Unknown | $300K | 2023-12-20 | Health Care |
| Zaio | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-12-13 | Education |
| TUNL | Cape Town | South Africa | Pre-Seed | $1M | 2023-12-13 | Transportation |
| Ivorypay | Gauteng | South Africa | Pre-Seed | Undisclosed | 2023-12-01 | Blockchain and Cryptocurrency |
| GoMetro | Cape Town | South Africa | Series A | $11.4M | 2023-11-29 | Apps |
| Pineapple | Johannesburg | South Africa | Series B | $3.7M | 2023-11-14 | Financial Services |
| Showmax | Johannesburg | South Africa | Series Unknown | $26.7M | 2023-11-10 | Content and Publishing |
| JOBJACK | Cape Town | South Africa | Seed | $2.5M | 2023-11-07 | Software |
| Simply | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-10-17 | Financial Services |
| Mergence Investment Managers | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-10-11 | Financial Services |
| Tripplo | Johannesburg | South Africa | Seed | $1.8M | 2023-10-11 | Software |
| Ivili Group | Gauteng | South Africa | Series Unknown | $5M | 2023-10-11 | Manufacturing |
| Stitch | Cape Town | South Africa | Series A | $25M | 2023-10-03 | Financial Services |
| Root | Cape Town | South Africa | Series Unknown | $1.5M | 2023-09-27 | Financial Services |
| Welo Health | Johannesburg | South Africa | Series Unknown | $50K | 2023-09-18 | Health Care |
| BioCertica | Paarl | South Africa | Series Unknown | $50K | 2023-09-18 | Biotechnology |
| Faro | Cape Town | South Africa | Pre-Seed | Undisclosed | 2023-09-15 | Clothing and Apparel |
| Wetility | Johannesburg | South Africa | Series Unknown | $39.2M | 2023-09-07 | Energy |
| Livecopper | Pietermaritzburg | South Africa | Series Unknown | Undisclosed | 2023-09-01 | Commerce and Shopping |
| Digi Pharm | Gauteng | South Africa | Series Unknown | Undisclosed | 2023-08-23 | Apps |
| VitruvianMD | Johannesburg | South Africa | Seed | $1.3M | 2023-08-17 | Health Care |
| Founders Factory Africa | Johannesburg | South Africa | Series Unknown | $114M | 2023-08-16 | Financial Services |
| Cloudline | Cape Town | South Africa | Pre-Seed | $4M | 2023-08-16 | Science and Engineering |
| SpaceSalad Studios | Johannesburg | South Africa | Series Unknown | $20.3K | 2023-08-15 | Consumer Electronics |
| Stitch | Cape Town | South Africa | Series Unknown | $15M | 2023-08-10 | Financial Services |
| Luxury Time | Pretoria | South Africa | Series Unknown | Undisclosed | 2023-08-07 | Clothing and Apparel |
| FinMeUp | Stellenbosch | South Africa | Series Unknown | Undisclosed | 2023-08-07 | Education |
| Sum1 Investments | Cape Town | South Africa | Series Unknown | $5K | 2023-07-17 | Financial Services |
| Thumeza | Johannesburg | South Africa | Series Unknown | $5K | 2023-07-10 | Financial Services |
| StableBlock | Johannesburg | South Africa | Pre-Seed | Undisclosed | 2023-07-05 | Financial Services |
| TUHF | Gauteng | South Africa | Series Unknown | $10.9M | 2023-07-03 | Financial Services |
| GLOBAL ONE | Cape Town | South Africa | Pre-Seed | Undisclosed | 2023-07-01 | Advertising |
| Zoie Health | Johannesburg | South Africa | Pre-Seed | Undisclosed | 2023-06-20 | Community and Lifestyle |
| HealthDart | Johannesburg | South Africa | Series Unknown | $150K | 2023-06-20 | Health Care |
| Excel@Uni | Cape Town | South Africa | Series Unknown | $150K | 2023-06-20 | Administrative Services |
| Adbot | Cape Town | South Africa | Seed | Undisclosed | 2023-06-14 | Advertising |
| Moya | Johannesburg | South Africa | Series Unknown | Undisclosed | 2023-06-02 | Financial Services |
| Kena Health | Johannesburg | South Africa | Seed | $102.5K | 2023-06-02 | Health Care |
| Snapplify | Cape Town | South Africa | Seed | Undisclosed | 2023-06-02 | Content and Publishing |
| Abela | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-06-02 | Apps |
| Kwanele | Cape Town | South Africa | Series Unknown | $30K | 2023-06-01 | Apps |
| Play Sense | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-05-22 | Health Care |
| Maia Capital | Gauteng | South Africa | Series Unknown | Undisclosed | 2023-05-11 | Financial Services |
| DigsConnect.com | Cape Town | South Africa | Series A | Undisclosed | 2023-05-11 | Commerce and Shopping |
| KHULA! | Johannesburg | South Africa | Series Unknown | Undisclosed | 2023-05-11 | Agriculture and Farming |
| Quro Medical | Gauteng | South Africa | Series Unknown | $1.3M | 2023-05-09 | Health Care |
| Buzz Kidz | Gauteng | South Africa | Series Unknown | Undisclosed | 2023-04-14 | Content and Publishing |
| Zaio | Cape Town | South Africa | Series Unknown | $55.3K | 2023-04-14 | Education |
| Yenza | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-04-14 | Apps |
| Reflective Learning | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-04-14 | Education |
| Resolute Education | Pretoria | South Africa | Series Unknown | Undisclosed | 2023-04-14 | Education |
| Citra | Cape Town | South Africa | Series Unknown | $20M | 2023-04-14 | Real Estate |
| FarmTrace | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-04-13 | Agriculture and Farming |
| Peach Payments | Cape Town | South Africa | Series A | $31M | 2023-04-04 | Commerce and Shopping |
| Paymenow Group | Stellenbosch | South Africa | Series Unknown | $14M | 2023-04-03 | Financial Services |
| MetaPOS | Cape Town | South Africa | Pre-Seed | $82.7K | 2023-03-23 | Artificial Intelligence |
| Jem | Cape Town | South Africa | Series Unknown | Undisclosed | 2023-03-08 | Administrative Services |
| Showmax | Johannesburg | South Africa | Series Unknown | Undisclosed | 2023-03-02 | Content and Publishing |
| Planet42 | Gauteng | South Africa | Series Unknown | $85M | 2023-02-22 | Financial Services |
| Naked Insurance | Johannesburg | South Africa | Series B | $16.1M | 2023-02-15 | Financial Services |
| Solar MD | Cape Town | South Africa | Series Unknown | $1.1M | 2023-02-14 | Consumer Electronics |
| Sendmarc | Gauteng | South Africa | Series A | $7M | 2023-02-09 | Information Technology |
| Lulalend | Cape Town | South Africa | Series B | $35.2M | 2023-02-01 | Financial Services |
| Carry1st | Cape Town | South Africa | Series B | $27M | 2023-01-17 | Apps |
| Centbee | Gauteng | South Africa | Seed | $1M | 2022-12-23 | Apps |
Frequently Asked Questions
Q1. Where can I find recently funded startups in South Africa?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How many startups in South Africa were funded this year and last year?
South Africa had 21 startups raise funding so far this year and 39 last year; we track 118 startups in the country.
Q3. Which industries in South Africa are trending by funding and deal count?
Financial Services, Energy and Education lead by funding (Financial Services $93,600,000; Energy $60,700,000; Education $24,000,000); Financial Services also leads by deals (5), followed by Energy (3) and Agriculture & Farming (2).
Q4. What was the largest funding deal in South Africa this year and how much total was raised?
The largest deal was Stitch’s Series B at $55,000,000 and the total funding raised this year so far is $222,000,000 across tracked startups.
Q5. How can I connect with these startups in South Africa?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
