About Convergence Partners
Convergence Partners is a private equity firm founded in 2000. It is primarily based in Johannesburg, South Africa. As of Jul 2026, Convergence Partners has a portfolio of 41 companies, comprising 41 funding rounds and 3 acquisitions. The firm primarily invests in companies based in South Africa and United States. Its portfolio is spread across a wide range of sectors from Telecom to Enterprise Applications. Most recently it acquired stakes in Datacentrix on Jan 17, 2024.
Overall Convergence Partners portfolio has seen 5 IPOs and 13 acquisitions, namely Telkom, Nedbank and Vodacom. A lot of funds co-invest with Convergence Partners, with names like Google Ventures sharing a substantial percentage of its portfolio.
Convergence Partners has a team of 18 people, including 4 partners.
Key Metrics
Founded Year
2000
Location
Johannesburg, South Africa
Portfolio Sectors
Portfolio Locations
Acquisition Deals
Convergence Partners' Portfolio
Convergence Partners has a portfolio of 41 companies. They have invested in a total of 41 companies. Their most recent investment was in CSquared (Series C round) on Nov 14, 2023. Here are the most recent investments by Convergence Partners:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Nov 14, 2023 | Series C | 1537 | ||
Jun 19, 2023 | Series B | 4082 | and 2 others | |
Apr 24, 2023 | PE | 3882 | - | |
Nov 09, 2022 | Seed | 2895 |
Convergence Partners has acquired 3 companies. Their most recent acquisition was of Datacentrix on Jan 17, 2024. Here are the most recent acquisitions by Convergence Partners:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Jan 17, 2024 | Provider of AI based consulting, data management and web development services | - | 1994 | |
Feb 21, 2021 | Provider of telematics solutions for fleet management and operational optimisation | $23.4M | 1985 | |
May 15, 2023 | Loan life cycle management solutions for mortgage lenders | - | 2000 |
Here is the portfolio snapshot of Convergence Partners:
Investments by Year
The maximum number of investments were made in 2023
Acquisitions by Year
The maximum number of acquisitions were made in 2024
Portfolio by Location
Companies are primarily in South Africa and United States
Portfolio by Sector
Companies are primarily in Telecom
Team profile of Convergence Partners
Convergence Partners has a team of 18 members including 4 Partners and 4 Principals located in South Africa, Mauritius and 2 more locations. Convergence Partners' team does not sit on the board of any company as of now.Here is a list of top team members in Convergence Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Cape Town | - | - | |
Partner | Johannesburg | - | - | |
Partner | Port Louis | - | - | |
Partner | Stellenbosch | - | - | |
Principal | London | - | - | |
Principal | - | - | - | |
Principal | - | - | - | |
Principal | Johannesburg | - | - | |
Associate | Johannesburg | - | - | |
Associate | Stockholm | - | - | |
Associate | - | - |
Co-investors of Convergence Partners
Over the past 26 years, 36 investors have co-invested in Convergence Partners's portfolio companies.
- Top Co-investors of Convergence Partners: 36 investors entered a company along with Convergence Partners. These include investors like Google Ventures (2 companies).
Convergence Partners News
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Inseego sells its telematics business for $52MSeeking Alpha•Sep 16, 2024•Inseego, Convergence Partners, Ctrack
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Regulators approve Convergence Partners' acquisition of DatacentrixTechpoint.Africa•Jul 03, 2024•Datacentrix, Convergence Partners
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Convergence Partners Announces Acquisition Of DatacentrixStartUp Mag South Africa•Jan 23, 2024•Convergence Partners, Datacentrix
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Convergence Partners to acquire Datacentrix for improved client operationsTechpoint.Africa•Jan 17, 2024•Convergence Partners, Datacentrix, Alviva Holdings
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CSquared raises $25m equity funding to fuel Africa expansion, announces Google’s exitTechnext•Nov 15, 2023•CSquared, Technextgroup, IFC, The World Bank and 2 others
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CSquared in R468-million fundraising as Google exitsTechCentral•Nov 14, 2023•CSquared, Convergence Partners, IFC
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Convergence Partners Backs Yellow’s Latest Series B Funding RoundACCESSWIRE•Jun 26, 2023•Convergence Partners, Yellow, Solcon Capital, Triple Jump and 1 other
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African Fintech Yellow Raises $14 MillionFinancial IT•Jun 18, 2023•Yellow, Convergence Partners, Triple Jump, Platform Investment Partners and 2 others
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