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Since 2018, Futuregrowth Asset Management has backed 10 African startups across 12 disclosed funding rounds totaling $87.1M, most heavily in South Africa and Fintech.
Futuregrowth Asset Management is a specialist South African investment company founded in 1994. It manages over R200 billion in assets under management across fixed interest, developmental, and specialist funds. Based in Rondebosch, Cape Town, the firm focuses on protecting and growing investor savings while driving positive change in markets and environments. Futuregrowth has actively invested $202.4 million across six funding rounds from September 2018 to December 2024, targeting venture, Series B, seed, and private equity stages. Its investments concentrate on South Africa, with a sector focus on fintech (Sourcefin, Pineapple, Yoco), e-commerce and retail (Sweepsouth), and marketing and CRM (Mobiz). Co-investors include E4E Africa, Old Mutual Investment Group, and Naspers. The firm emphasizes ethical, sustainable, and developmental investing, serving as a channel for pension funds to support national development.
Data updated · Mar 27, 2026
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Futuregrowth Asset Management has backed 10 African startups across 12 disclosed funding rounds tracked on Liners, totaling $87.1M since 2018.
Mostly Seed: 4 of its 12 tracked rounds are at that stage, followed by Venture (Round not Specified) (2).
Futuregrowth Asset Management's tracked rounds are concentrated in South Africa (12).
Its tracked rounds lean toward Fintech (6), Logistics & Supply Chain (2), Services & Marketplaces (2), and 2 more sectors.
Futuregrowth Asset Management most often shares rounds with E4E Africa (3 shared deals), Partech (2 shared deals), HAVAÍC (2 shared deals).
Futuregrowth has invested in Sourcefin, Pineapple, Sweepsouth, Mobiz, and Yoco, all based in South Africa. Investments range from seed to venture rounds between 2018 and 2024.
Futuregrowth Asset Management is based in Rondebosch, Cape Town, South Africa. Its office is at 3rd Floor, Great Westerford Building, 240 Main Road.