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Since 2019, Montegray Capital has backed 2 African startups across 3 disclosed funding rounds totaling $3.9M, most heavily in South Africa and Travel & Mobility.
Montegray Capital is a venture capital company based in Stellenbosch, South Africa. Founded in 2014 by Michael Jordaan, former CEO of South Africa's oldest bank, the firm invests in businesses with high growth potential. It provides growth capital, strategic advice, and access to networks, while following a structured investment process. The firm participated in three seed-stage funding rounds in South Africa between February 2019 and February 2020, totaling $3.9 million. It backed companies in Travel & Mobility, including Flexclub with pay-as-you-go car plans, and Crypto & Web3, including VALR for crypto trading and payments. Co-investors included CRE Venture Capital, Savannah Fund, Bittrex, and Michael Jordaan. Montegray Capital is now fully invested and closed for new investments.
Data updated · Jul 29, 2026
Montegray Capital has backed 2 African startups across 3 disclosed funding rounds tracked on Liners, totaling $3.9M since 2019.
Mostly Seed: 3 of its 3 tracked rounds are at that stage.
Montegray Capital's tracked rounds are concentrated in South Africa (3).
Its tracked rounds lean toward Travel & Mobility (2), Crypto & Web3 (1).
Montegray Capital most often shares rounds with CRE Venture Capital (2 shared deals), Savannah Fund (2 shared deals), Bittrex (1 shared deal).
Montegray Capital is based in Stellenbosch, South Africa.
Montegray Capital backed Flexclub, offering pay-as-you-go car plans, and VALR, for crypto trading and payments, both in South Africa.
Montegray Capital is fully invested and closed for new investments.
