About E4EAfrica
E4EAfrica is a venture capital firm founded in 2019. It is primarily based out of Cape Town, South Africa. As of Aug 2026, E4EAfrica is an active investor, having invested in 22 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in South Africa based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and Consumer. Most recently it participated in the $***** Series A round of Jem Overall, E4EAfrica portfolio has seen 2 acquisitions, namely Happy Pay and Inseco. A lot of funds co-invest with E4EAfrica, with names like Kalon Venture Partners sharing a substantial percentage of its portfolio. E4EAfrica has team of 8 people including 2 partners.Key Metrics
E4EAfrica's List of Top Investments
E4EAfrica has a portfolio of 22 companies. Their most notable investments are in Pineapple and TUNL.Their portfolio spans across South Africa, Kenya, Indonesia and 3 more locations. They have invested in Retail, Enterprise Applications, Consumer and 15 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by E4EAfrica:1. Talk360
Provider of mobile applications facilitating international calls to landline phones. The software enables users to place calls to mobile and landline numbers across the globe without requiring the recipient to possess an internet connection or a smartphone. Users purchase credits through various local payment methods to facilitate connectivity. The application functions by routing calls through a digital interface to traditional telecommunications networks.
Key facts about Talk360
- Founded Year: 2013
- Location: Leusden (Netherlands)
- Stage: Seed
- Total Funding till date: $10.4M
- Employee Count: 54 as on Jul 31, 2026
- Investors: HAVAIC, E4EAfrica and 14 Others
- Latest Funding Round: Seed, Sep 11, 2024, $*****
- Highlight: Editors' Pick
2. Happy Pay
Provider of a payment gateway solution. It develops payment gateway solutions for making online transactions.
Key facts about Happy Pay
- Founded Year: 2021
- Location: Cape Town (South Africa)
- Stage: Acquired
- Total Funding till date: $6.81M
- Employee Count: 29 as on Jul 31, 2026
- Investors: Gaingels, E4EAfrica and 10 Others
- Latest Funding Round: Seed, Mar 23, 2026, $*****
- Highlight: Acquired
3. SweepSouth
Platform connecting users with professionals for home cleaning and care. It offers a way for individuals to book services such as indoor and outdoor cleaning. The platform also facilitates placements for full-time domestic help. It provides a hub to manage private domestic workers, including setting pay rates.
Key facts about SweepSouth
- Founded Year: 2014
- Location: Johannesburg (South Africa)
- Stage: Series B
- Total Funding till date: $14.8M
- Employee Count: 614 as on Jul 31, 2026
- Investors: Newtownpartners, 500 Global and 19 Others
- Latest Funding Round: Series B, Sep 26, 2022, $*****
- Highlight: Editors' Pick
4. Jem
Provider of workforce management software accessible through mobile messaging applications. This platform enables employers to distribute documents, manage rosters, track attendance, and facilitate communication with staff members. It provides tools for processing leave requests, distributing payslips, and managing employee benefits. The system integrates with existing payroll and human resources infrastructure to streamline administrative tasks for teams without dedicated office workstations.
Key facts about Jem
- Founded Year: 2020
- Location: Cape Town (South Africa)
- Stage: Series A
- Total Funding till date: $14M
- Employee Count: 131 as on Jul 31, 2026
- Investors: Creator Ventures, Musha Ventures and 12 Others
- Latest Funding Round: Series A, Aug 17, 2026, $*****
5. Cosmart
Provider of business procurement services for various office supply needs. The platform facilitates the acquisition of operational items including electronic devices, pantry supplies, stationery, automotive parts, industrial equipment, and ergonomic furniture. It offers logistics support for scheduled deliveries to multiple addresses and provides flexible payment terms for corporate procurement processes. Additional services include professional maintenance, equipment repair, and the supply of health, agriculture, and construction materials for business operations.
Key facts about Cosmart
- Founded Year: 2022
- Location: Jakarta (Indonesia)
- Stage: Seed
- Total Funding till date: $9M
- Employee Count: 57 as on Jul 31, 2026
- Investors: Endeavor, Lightspeed Venture Partners and 12 Others
- Latest Funding Round: Seed, Oct 03, 2022, $*****
- Highlight: Editors' Pick
E4EAfrica's Year-on-Year Investment Trends
E4EAfrica has invested in 22 companies over the last 7 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in Jem and most recent follow-on round was in Happy Pay.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 3 | 0 | 3 |
2024 | 3 | 1 | 4 |
2023 | 1 | 2 | 3 |
2022 | 6 | 1 | 7 |
2021 | 1 | 0 | 1 |
2020 | 1 | 1 | 2 |
2019 | 1 | 0 | 1 |
E4EAfrica's Investments by Stage
E4EAfrica has made 13 investments in Seed stage with an average round size of $3.66M, 4 investments in Series A stage with an average round size of $6.59M and 1 investment in Series B stage with an average round size of $11M.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 4 |
Series B | 1 |
Note: We have considered here, only first round of investments
E4EAfrica's Investments by Sector
E4EAfrica has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, FinTech and Food and Agriculture Tech. Notably, it has invested in 19 Tech companies, 11 Consumer (B2C) companies, 11 Enterprise (B2B) companies and at least 9 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 7 |
Retail | 5 |
Enterprise Applications | 4 |
FinTech | 2 |
Food and Agriculture Tech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
E4EAfrica's Investments by Geography
E4EAfrica has made most investments in South Africa (13), followed by Kenya where it has made 2 investments.Country | No. of Investments |
|---|---|
South Africa | 13 |
Kenya | 2 |
Indonesia | 1 |
Mauritius | 1 |
Netherlands | 1 |
Note: We have considered here, only first round of investments
E4EAfrica's recent investments
E4EAfrica has made 3 investments in 2026 so far. Jem and Shiprazor are the latest among them.Here are the most recent investments by E4EAfrica:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 17, 2026 | South Africa | Series A | 3227 | [+3] | |
Apr 30, 2026 | Kenya | Seed | 8016 | [+2] | |
Mar 23, 2026 | South Africa | Seed | 4237 | [+6] | |
Oct 15, 2025 | Mauritius | Seed | 6931 | ||
Jan 17, 2025 | South Africa | Seed | 8803 | [+2] |
Acquired companies in E4EAfrica's Portfolio
2 companies from E4EAfrica's portfolio have been acquired. The most recent acquisition was Inseco in Nov 2024 by Ahlsellgroup for $*****.Here are E4EAfrica's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 12, 2024 | Apr 22, 2022 | Seed | 9101 | |
Jul 15, 2022 | Sep 17, 2024 | Seed | 5296 |
Team profile of E4EAfrica
E4EAfrica has a team of 8 members including 2 Partners and 2 Principals located in South Africa. E4EAfrica's team does not sit on the board of any company as of now.Here is a list of all team members in E4EAfrica:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Cape Town | - | ||
Principal | Cape Town | - | ||
Principal | - | - |
Co-investors of E4EAfrica
Over the past 7 years, 134 investors have co-invested in E4EAfrica's portfolio companies. This includes funds and angels.
- Invested before E4EAfrica: HAVAIC, 4Di Capital and 45 others have invested in rounds before E4EAfrica. There are 2 companies where HAVAIC has invested before E4EAfrica and 2 companies where 4Di Capital has invested before E4EAfrica.
- Top Co-investors of E4EAfrica: 67 investors entered a company along with E4EAfrica. These include investors like Kalon Venture Partners (2 companies).
- Invested after E4EAfrica: A total of 20 investors have invested in E4EAfrica's portfolio after their investments. Top Investors include Futuregrowth (2 companies), Partech Partners (1 company) and UTF (1 company).
Recent News related to E4EAfrica
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Happy Pay Secures $5M Seed Funding to Expand Ad-Supported BNPL in South AfricaTechCabal•Mar 23, 2026•Co, Partech Partners, Felix Strategic Investments, Happy Pay and 6 others
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Jem Hr Closes $3m In Pre-series A Funding To Accelerate Growth And Product Developmenttechbuild.africa•Mar 25, 2025•Jem, Next176, Old Mutual, E4EAfrica and 5 others
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Conservio, South African Online Booking Platform Raises $1mTechMoran•Jan 17, 2025•Conservio, E4EAfrica, Volve, Living Hope VC
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Kenya’s Octavia Gets $3.9m Seed To Remove Carbon From AirTechCrunch+•Oct 16, 2024•Octavia Carbon, Lateral Frontiers, E4EAfrica, Catalyst Fund and 3 others
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Kenya’s Octavia Carbon is on a mission to save the earth with $5 million in seed funding.Techpoint.Africa•Oct 16, 2024•Octavia Carbon, Lateral Frontiers, E4EAfrica, Catalyst Fund and 3 others
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TUNL secures seed funding to boost eCommerce export growth in South AfricaInnovation-village•Oct 04, 2024•TUNL, E4EAfrica, Utopia Capital Management
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South Africa’s Happy Pay raises $1.8 million to boost growth and expand offeringsTechpoint.Africa•Sep 17, 2024•Happy Pay, E4EAfrica, 4Di Capital, DotExe Ventures and 6 others
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SA Fintech Happy Pay Raises R32 Million To Eliminate Consumer Credit CostsTechFinancials•Sep 17, 2024•Happypay, Launch Africa, Equitable Ventures, Felix Strategic Investments and 3 others
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Hohm Energy Raises $8 Million to Scale Adoption of Rooftop Solar across South AfricaTech Labari•Mar 25, 2024•Hohm Energy, E3 Capital, 4DX Ventures, Breega and 5 others
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Hohm Energy Breaks Records: $8 Million Seed Funding To Power Solar Revolution In South AfricaSolarQuarter•Feb 27, 2024•Hohm Energy, E3 Capital, 4DX Ventures, Breega and 7 others
