Futuregrowth Asset Management

Futuregrowth Asset Management, founded in 2000 and based in South Africa, specializes in providing a range of financial services to individual investors, insurance companies, financial intermediaries, and mutual fund firms. As a member of the Old Mutual Investment Group, Futuregrowth focuses on fostering the development and empowerment of South Africa and its communities. The firm aims to create a positive impact through its investment offerings, aligning financial growth with meaningful contributions to society. Futuregrowth is also recognized as a licensed Financial Services Provider, ensuring compliance with industry regulations.

Andrew C. Canter

Chief Investment Officer

Paul Rackstraw

Managing Director

16 past transactions

hearX Group

Series A in 2021
hearX is an award-winning start-up with the mission of providing affordable access to hearing healthcare using smart digital solutions. With a strong research and engineering background, we aim to democratize and decentralize hearing care, obliterating the traditional audiology model and market, which was never built to scale, instead providing hearing care to millions by leveraging our smart tech, big data and artificial intelligence expertise. The hearX Group four categories of solutions: Lead Generation and Remote Care solutions, Clinical solutions, Preventative Solutions as well as Direct to Consumer intervention solutions. We have had more than 1 000 000 tests and screenings done using our products across 39 countries. Our innovative solutions are as accurate, but faster, cheaper and easier to use than traditional methods. We pride ourselves in offering a fully managed service, providing an entirely new way to overcome traditional barriers to the detection and diagnosis of disabling hearing loss.

LifeCheq

Venture Round in 2020
LifeCheq is a startup offering digitized, and holistic personal finance.

Pineapple

Series B in 2023
Pineapple Tech Pty Ltd operates a platform that provides peer-to-peer insurance services. It offers short-term insurance coverage to its members. The company's platform allows users to pay and track their premiums online, while choosing the network they want to pool their premiums with. Pineapple Tech also operates a mobile application. The company was formerly known as Amyti Tech. Pineapple Tech Pty Ltd was founded in 2017 and is based in Johannesburg, South Africa.

Flow

Seed Round in 2023
Flow is an app that makes renting easier, more affordable, and more rewarding. Tenants can get up to 20% of their rent back in rewards, every month. Landlords have an easy way to track their properties, collect rent on time, and communicate with their tenants. Visit https://flow.rent for more info.

Mobiz

Seed Round in 2021
Mobiz SA develops a software-as-a-service platform that offers customer engagement services to businesses. The company offers SMARTSMS, which allows users to create messages that combines feature web pages with a combination of text, videos, surveys and polls, and voucher redemption; and SMARTStatement that offers billing and collection services. The company was founded in 2014 and is based in Cape Town, South Africa.

Yoco

Series B in 2018
Yoco Technologies Proprietary Limited, trading as Yoco, manufactures and develops tools and services to help small businesses get paid, run their business better, and grow. The company offers mobile card machines, payment request, payment page, and payment gateway services, point of sale, business portal, capital, and integration solutions and services. The company was founded in 2015 and is based in Cape Town, South Africa.

SweepSouth

Venture Round in 2020
SweepSouth is a cleaning service company that connects clients to on-demand domestic cleaners via an online booking platform. It was founded by Aisha R. Pandor and Alen Ribic in 2014 and is based in Sandown, England.

Zebra Cabs

Venture Round in 2016
Zebra Cab operators are fully licensed and professionally trained to deliver top-notch customer service. Whether you’re looking to hail a cab off the street, call an operator or book via app, Zebra Cabs has you covered.

Yoco

Private Placement in 2018
Yoco Technologies Proprietary Limited, trading as Yoco, manufactures and develops tools and services to help small businesses get paid, run their business better, and grow. The company offers mobile card machines, payment request, payment page, and payment gateway services, point of sale, business portal, capital, and integration solutions and services. The company was founded in 2015 and is based in Cape Town, South Africa.

ShiftSouth (Pty) Ltd.

Private Placement in 2020
ShiftSouth (Pty) Ltd., doing business as SweepSouth, operates an online platform to book a home cleaning service through laptops, phones, and tablets. It enables users to book for domestic workers, maids, and housekeepers for cleaning living rooms, kitchen, bedrooms, and bathrooms, laundry and ironing, fridge and oven cleaning, packing and cleaning inside cupboards, and interior windows and walls cleaning. The company was founded in 2013 and is based in Cape Town, South Africa.

GoMetro

Series A in 2023
GoMetro designs, deploys and operates Flexible Mobility Platforms in cities around the world. Our proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold New Mobility strategies. Our Connected Transport digital platform equips transport planners to respond to the challenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.