SA SME Fund

SA SME Fund is a venture capital and private equity firm based in Sandton, South Africa, focusing on investing in small and medium-sized enterprises (SMEs) across various stages, including early-stage, growth, and social impact businesses. It targets high-growth companies with annual revenues ranging from R20 million to R500 million, and it aims to allocate a significant portion of its investments—50% to black-owned enterprises and 25% to Indian and colored-owned companies. Established by members of the CEO Initiative, the fund seeks to address economic challenges and promote job creation in South Africa, recognizing that SMEs are crucial for driving economic growth. The firm strategically invests one third of its capital in early-stage ventures, another third in growing businesses, and the remaining third in social-impact initiatives, all while managing its assets through an experienced executive team dedicated to fostering the development of the SME sector.

Lumka Mlambo

Investment Principal

Thiru Pather

Investment Principal

5 past transactions

ProfitShare Partners

Debt Financing in 2020
ProfitShare Partners, established in 2017 and based in Johannesburg, specializes in providing short-term capital solutions to small, medium, and micro-enterprises. The company leverages technology and a unique profit-sharing model to offer quick, reliable funding, enabling businesses to secure larger contracts, manage risks, and accelerate growth.

Grindstone

Venture Round in 2020
Grindstone, founded in 2013 and based in Cape Town, South Africa, is a venture capital firm that focuses on early-stage businesses across various sectors. It operates a structured entrepreneurship development program designed to assist high-growth, innovation-driven companies in establishing essential building blocks for rapid scaling, sustainability, and securing funding. In addition to its investment activities, Grindstone runs accelerator programs that offer mentoring, networking opportunities, and access to markets, further supporting the growth and development of participating companies.

Liquidgold

Grant in 2019
LiquidGold Pty is a South African company based in Johannesburg that specializes in the manufacture of innovative waterless urinal waste systems. Founded in 2013, the company focuses on enhancing sustainability in sanitation through its unique technology, which separates human urine from wastewater. This system not only conserves significant amounts of water but also collects and recycles urine, converting it into bio-friendly fertilizers for agricultural use. By promoting a circular economy approach, LiquidGold's solutions protect the aquatic environment while offering clients a cost-effective and hygienic alternative to traditional urinals. The company's waterless cartridge-equipped urinals are designed to reduce maintenance time and odor, making them an efficient and eco-friendly choice for various applications.

SmartBlade

Seed Round in 2019
SmartBlade is a medical device company focused on enhancing airway management by providing a novel solution for intubating difficult airways. The company has developed a device that integrates advanced smartphone application technology with video laryngoscopy, enabling a seamless video feed of the airway for clinicians. This innovative design allows single operators of varying skill levels to effectively manage challenging intubations while performing essential tasks, such as suctioning a soiled airway or administering apnoeic oxygenation, without disrupting the intubation process. SmartBlade's technology aims to make video laryngoscopy accessible to all clinicians, regardless of their economic conditions or experience levels, thereby improving patient care in critical situations.

Spartan SME Finance

Venture Round in 2019
Spartan SME Finance (Pty) Ltd, established in 1981 and based in Johannesburg, South Africa, specializes in providing financing solutions for small and mid-sized enterprises. As a non-bank finance company, Spartan focuses on offering growth finance, specialized asset finance, and working capital finance tailored for entrepreneurs. The company serves a diverse range of industries, including agribusiness, manufacturing, technology, education, healthcare, and various professional services. With a commitment to supporting growth-oriented businesses, Spartan operates as an authorized financial services provider, dedicated to fostering the development of small and growing enterprises.
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