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Since 2024, NEXT176 has backed 3 African startups across 3 disclosed funding rounds totaling $5.3M, most heavily in South Africa and HR & Talent.
NEXT176 is the venture building and investment arm of Old Mutual, a pan African financial services group. It operates as a corporate venture capital and innovation subsidiary that builds, invests in, and partners with startups and corporates to create disruptive and sustainable growth in emerging economies. Public information confirms operations and headquarters in South Africa. In Africa, NEXT176 invests in early stage technology companies, with a particular focus on seed stage opportunities. Based on disclosed transactions, it has backed multiple South African startups including Jem, HYDRA, and Pumpkn, all at the seed stage. Its activity spans sectors such as HR and talent, AI and analytics, and agri tech, and its recent investments have been concentrated in South Africa. NEXT176 collaborates with a range of co investors to support its portfolio companies, including firms such as Catalyst Fund, E Squared, Aions Creative Technology, Jozi Angels, and Holocene. As Old Mutual’s venture arm, it also enters strategic partnerships with other corporate venture groups to build new platforms and products, while continuing to expand its portfolio of high growth and disruptive businesses in key ecosystems.
Data updated · Aug 25, 2026
NEXT176 has backed 3 African startups across 3 disclosed funding rounds tracked on Liners, totaling $5.3M since 2024.
Mostly Seed: 3 of its 3 tracked rounds are at that stage.
Companies NEXT176 has backed operate in South Africa (3). Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward HR & Talent (1), AI & Analytics (1), Agri Tech (1).
NEXT176 most often shares rounds with Catalyst Fund (1 shared deal), E Squared (1 shared deal), Aions Creative Technology (1 shared deal).
NEXT176 is the venture building and investment arm of Old Mutual, set up to build and invest in businesses that deliver disruptive and sustainable growth in emerging economies. It operates as a corporate venture capital and innovation subsidiary, combining venture building with direct investment in startups and strategic partnerships.
NEXT176 has backed several South African startups, including Jem, HYDRA, and Pumpkn. These companies operate in HR and talent, AI and analytics, and agri tech respectively, reflecting NEXT176’s interest in technology driven solutions with potential impact across key value chains.
NEXT176 often invests alongside other funds and investors. Confirmed co investors in its African deals include Catalyst Fund, E Squared, Aions Creative Technology, Jozi Angels, and Holocene, which support the same funding rounds for companies such as Jem, HYDRA, and Pumpkn.
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