$1M–$5M for post-revenue African tech companies
A South African venture firm founded in 2015 investing in early-stage, high-growth African technology businesses with globally relevant products.
Use when
You are post-revenue with a product that can sell outside Africa as well as inside it.
Skip when
You are pre-revenue. That is the explicit bar, and a strong pre-launch pitch will not clear it regardless of the rest.
Status (24 Sep 2026): deploying African Innovation Fund 3, a US$50 million vehicle that reached a second close in July 2025 and plans about 15 investments. Cape Town based, founded 2016 by Ian Lessem, investing between seed and Series B. The defining screen is that it backs post-revenue companies only, with global rather than purely local prospects. The firm does not publish a per-deal range on its site; figures in circulation put cheques at roughly US$1 million to US$5 million, so treat that as indicative and confirm directly.
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