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Since 2021, Allan Gray E-Squared Ventures has backed 3 African startups across 3 disclosed funding rounds totaling $4.7M, most heavily in South Africa and Media & Entertainment.
Allan Gray E-Squared Ventures is part of E Squared, an impact investment firm associated with Allan Gray and based in South Africa. E Squared was founded in 2007 and began funding activity in 2016, focusing on supporting responsible entrepreneurs and high growth businesses in the country. In Africa, Allan Gray E-Squared Ventures invests primarily at the seed and early venture stages. Based on disclosed transactions, it has backed technology enabled businesses in South Africa, including Mobiz, Skrmiish and Kandua. These investments span media and entertainment, marketing and CRM, and services and marketplaces, and collectively amount to approximately 4.7 million US dollars deployed between 2021 and 2023. Across its broader activities, E Squared positions itself as a leading impact investor in South Africa, providing funding and business support to early stage founders, high growth businesses and social enterprises with the intention of creating meaningful employment and enabling economic inclusivity.
Data updated · Jul 31, 2026
Allan Gray E-Squared Ventures has backed 3 African startups across 3 disclosed funding rounds tracked on Liners, totaling $4.7M since 2021.
Mostly Seed: 2 of its 3 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Allan Gray E-Squared Ventures's tracked rounds are concentrated in South Africa (3).
Its tracked rounds lean toward Media & Entertainment (1), Marketing & CRM (1), Services & Marketplaces (1).
Allan Gray E-Squared Ventures most often shares rounds with Blockchain Founders Fund (1 shared deal), Launch Africa Ventures (1 shared deal), The Harvest Fund (1 shared deal).
Based on the provided investment data, Allan Gray E-Squared Ventures has participated in three funding rounds between July 2021 and July 2023, totaling approximately 4.7 million US dollars. These include two seed rounds and one venture round.
Confirmed portfolio companies in Africa include Skrmiish, a skill based gaming platform, Mobiz, a personalized mobile marketing solution, and Kandua, a marketplace for vetted service providers. All three are South African businesses that received funding from Allan Gray E-Squared Ventures.