NEXT176

NEXT176, established in 2021 and headquartered in Johannesburg, South Africa, is a venture capital firm focused on creating and investing in disruptive, sustainable businesses that aim to positively impact one billion lives. The firm concentrates its investments in sectors such as financial services, telecommunications, automotive, technology, manufacturing, and retail.

Vuyo Mpako

Managing Director

7 past transactions

Jem

Seed Round in 2025
SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

The Awareness Company

Seed Round in 2025
The Awareness Company specializes in data storytelling through its AI-powered software platform, HYDRA, which collects and analyzes data from diverse sources. This software-as-a-service (SaaS) solution enables organizations of all sizes to access, interpret, and utilize data effectively, transforming it into insightful stories that drive informed decision-making. The platform serves a wide range of sectors, including energy management, environmental protection, agriculture, and sustainability, enhancing their ability to address complex challenges such as disaster mitigation and corporate governance. By making data affordable, accessible, and user-friendly, The Awareness Company empowers businesses and communities to create actionable insights that foster collaboration and strategic planning.

Pumpkn

Seed Round in 2024
Pumpkn is a financial technology company focused on enhancing the financial health of small and medium-sized agribusinesses in Africa. It aims to bridge the financial gap that many enterprises face by leveraging innovative technologies and data. Pumpkn simplifies financial management and reduces the costs associated with acquiring and financing credit. By providing tailored credit services, the company enables African entrepreneurs in the agribusiness sector to more easily access the funds they need to grow and sustain their operations.

JOBJACK

Seed Round in 2023
JOBJACK is a technology company that operates an online platform designed to connect job seekers and employers for entry-level positions. The platform automates the recruitment process, allowing job seekers to easily apply for local jobs and employers to efficiently post vacancies, filter candidates, and streamline their hiring process. This facilitates access to job opportunities for job seekers and improves recruitment efficiency for employers.

Kena Health

Seed Round in 2023
Kena Health is a mobile health application founded in 2021 and based in Johannesburg, Gauteng. The app connects users with healthcare professionals, including nurses, doctors, and mental health experts, through text, voice, or video chat. It aims to simplify access to quality medical care, making it affordable for a broad audience, including the uninsured. Kena Health offers a variety of healthcare services, such as expert medical advice, prescriptions, sick notes, and referrals, all facilitated by a network of employed clinicians. By leveraging technology, Kena Health strives to deliver convenient and comprehensive healthcare solutions to its users.

CoverGo

Series A in 2022
CoverGo is a no-code insurance platform designed for property-and-casualty, health, and life insurance companies. It allows these companies to quickly build and launch a wide range of insurance products while facilitating omnichannel distribution and digitizing policy administration and claims processes. The platform is distinguished by its modular and configurable nature, enabling insurers to adapt and innovate products efficiently. CoverGo leverages hundreds of open insurance APIs to enhance connectivity and automate various insurance operations, making it more flexible and adaptable than traditional systems. This approach supports insurance companies in their digital transformation efforts, helping them to operate more effectively and cost-efficiently.

WIZZIT Digital

Venture Round in 2022
WIZZIT Digital is a digital payments solutions provider company.
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