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Africa's Premier Impact Driven Venture Capital Fund

Investing In Africa’s Future

A Level 1 B-BBEE Black-Owned fund investing in youth-led technology solutions that solve Africa's critical public sector challenges at scale.

Key Sector areas We Focus On

We are aligned with the Empire Partner Foundation’s strategy to solve 10 key socio-economic challenges using technology. We identify youth-led solutions within these sectors that are scalable across the continent, transforming local economies while delivering exceptional returns.

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  • Water
    Water
    Housing
    Housing
    Energy
    Energy
    Agriculture
    Agriculture
    Safety
    Safety
    Rural
    Rural
    Education
    Education
    Transport
    Transport
    Healthcare
    Healthcare
    Unemployment
    Unemployment

    The Opportunity

    Africa's Tech Moment is Now

    The African Context

    • 1.4 billion people : Africa's population projected to reach 2.5B by 2050
    • 60%+ youth population : The youngest and fastest-growing workforce on Earth
    • R289.9B spent on grants : Without generating durable employment or enterprises
    • $2.3 Trillion market : Global intentional capital allocation shift
    • 33% unemployment : SA's national unemployment rate creating urgent demand

    Why Tech? Why Now?

    Mobile-first continent

    70%+ internet access via mobile digital solutions reach everyone

    Sovereign AI demand

    Governments seeking locally-built, culturally aligned solutions

    B-BBEE alignment

    Tech investment unlocks enterprise development scorecards

    First-mover advantage

    Africa's digital infrastructure is still being built now is entry time

    The Ecosystem

    A Decade-Proven, Closed-Loop Innovation Engine

    Three integrated entities manage the full venture lifecycle from talent identification to enterprise deployment.

    The Spark

    Empire Partner
    Foundation


    Section 18A NPO. Runs 40+ hackathons, the Solve for X program, and identifies raw tech talent from underserved communities.

    The Enabler

    AI Campus


    Bridges university theory and industry execution. Trains AI, data science, and software engineering skills then retains the best talent internally.

    The Accelerator

    EPF Tech Fund


    Privately managed VC fund. Provides pre-seed capital, B-BBEE compliance solutions, and strategic support to scale portfolio companies across Africa.

    Investment Thesis

    How We Create & Capture Value

    01

    Mission-Driven Sourcing

    40+ hackathons identify solutions targeting Africa's 10 critical socio-economic challenges ensuring inherent product-market fit before any capital is deployed.

    02

    Indigenous Innovation

    All solutions are built by African developers for African contexts sovereign data security, cultural alignment, and government procurement preference.

    03

    De-Risked Pipeline

    Portfolio companies enter the fund post-hackathon validation and AI Campus incubation reducing early-stage risk that kills most African startups.

    04

    B-BBEE Optimised

    As a Level 1 B-BBEE Black-Owned fund, investments unlock Enterprise & Supplier Development spend for JSE-listed corporate co-investors.

    05

    Full Lifecycle Support

    Beyond capital: business modelling, financial strategy, market access, strategic partnerships with Telcos and Banks active value creation.

    06

    Proven Liquidity Events

    R114 million in realised value delivered in 2023 strategic exits demonstrating a clear path from early stage to institutional-grade exit.

    Flagship Investments

    Proven Traction at Scale

    Safety & Security

    Fintech

    Paypoint

    100,000+
    POS Terminals

    Sovereign-grade transaction gateway providing payment rails for utilities, government grant disbursements, and financial institutions across South Africa.

    CEO testimonial: scaled to 100K+ terminals with strategic Telco & Bank partnerships.

    IoT

    Visiosoft

    150,000
    Devices • 23 Countries

    Industrial IoT device design & manufacture sensors for smart utilities, asset tracking, and environmental monitoring. Scaled across sub-Saharan Africa.

    Invested 2017 • scaled to 150K devices across 23 countries in 4 years.

    IoT • Data

    Smartview Technology

    2,500 Clients
    28 Projects Completed

    API-ready IoT data visualisation platform integrated with 20+ IoT devices — enterprise-grade utility monitoring reducing Non-Revenue Water losses.

    From limited traction in 2018 to 2,500 clients and 28 completed enterprise projects.

    Track Record

    A Decade of Measurable Impact

    R114M

    Realised exits (2023)

    R300M+

    Gross Value Add (GVA)

    R300M+

    Funding injected

    23+

    Active investments

    750+

    Actual jobs created

    1,000+

    Targeted job creation

    12,000+

    Youth trained

    17

    Startups incubated

    50+

    SMMEs created

    3

    Tech hubs in South Africa

    Cumulative Portfolio Value Created (R million)
    12
    28
    52
    88
    145
    210
    300
    2017
    2018
    2019
    2020
    2021
    2022
    2023

    The Investment Case

    Why Partner With EPF Tech Fund?

    Aligned with Global ESG Mandates

    Every investment targets verified socio-economic outcomes tracked via the VSI Platform audit-ready data for institutional ESG reporting.

    B-BBEE & Tax Efficiency

    Level 1 B-BBEE fund status unlocks Enterprise Development scorecard points. Co-investors access enhanced ESD multipliers through the blended model.

    Institutional-Grade Governance

    Independent advisory board, separation of capital and asset management, quarterly reporting structured for pension funds and DFIs.

    Strategic Network Access

    Portfolio companies benefit from existing relationships with Microsoft, Deloitte, Vodacom, MTN, Standard Bank, Bayer, IFC, and 30+ global institutions.

    Investor Profiles We Serve

    Institutional

    Pension funds, DFIs & asset managers seeking ESG-aligned long-term returns. Min. R100M tranches.

    Corporate CSI/ESD

    JSE-listed companies converting mandatory B-BBEE spend into recyclable, measurable impact capital.

    Impact Investors

    Dual-yield seekers — financial return via profit recycling plus cash impact bonus at 5-year exit.

    Family Offices

    High-net-worth and philanthropic capital seeking verified outcomes with Section 18A tax certificates.

    Meet the Team

    Innovators Driving Growth

    Team
    Joanna Jacqueline Govender

    chief executive officer

    Team
    Brenda Chetty

    Head of Finance

    Mikhial Mariemuthu

    DIRECTOR

    Hlumelo Toyo

    Analyst

    Nangani Sigama

    Analyst

    Simphiwe Soga

    Head of Tech Operations

    Lesedi Tsoku

    Digital Media Analyst

    Zakes Sithole

    Creative Media Prdoducer

    Advisory Board

    Strategic Oversight & Governance

    Ismail Sadek
    Ismail Sadek

    Senior Advisor

    Bringing decades of institutional oversight and strategic guidance.

    Blessing Mudavanhu
    Dr Blessing Mudavanhu

    Senior Advisor

    Driving governance, compliance, and sustainable market expansion.

    Strategic Partners

    Trusted by Africa's Leading Institutions

    Corporate
    Microsoft Microsoft
    Deloitte Deloitte
    Vodacom Vodacom
    MTN MTN
    Standard Bank Standard Bank
    Bayer Bayer
    Government
    SALGA SALGA
    Dept. of Science & Innovation Dept. of Science & Innovation
    NCR NCR
    NYDA NYDA
    Academia
    Univ. of Pretoria Univ. of Pretoria
    TUT TUT
    Univ. of Leeds Univ. of Leeds
    British Council British Council
    Finance & Development
    IFC IFC
    Effectus Capital Mgmt Effectus Capital Mgmt
    Queensway Capital Queensway Capital
    Innovation Hub

    OUR OBJECTIVE

    Future Proofing Africa using Technology

    • The EPF TECH FUND is a privately managed Venture Capital Company. The investors fund companies that are committed to innovating Africa by investing in youth led technology solutions that are scalable across the continent.
    • We are aligned with the Empire Partner Foundation’s strategy to solve the 10 key public sector challenges using Tech Solutions. With the focus on growing South African and African businesses by transforming local, global economies and communities while unlocking unique high growth investment opportunities.
    • The EPF TECH FUND is a level 1 B-BBEE Black-Owned Fund manager.

    Our Impact Covers the Entire Africa

    Impact Index

    A look at the widespread impact of our Tech Fund.

    Tech Hubs

    3

    Tech Hubs Created in South Africa.

    Tech Investments

    23+

    Tech investments in Africa.

    Industries

    10+

    We have impacted over 10 industries.

    Opportunities

    150+

    Over 150 SMME companies created.

    Job Impact

    1000+

    Targeted job creation opportunities.

    Job Creation

    750+

    Actual jobs created to date.

    Tech Enterprises

    50+

    Creating graduate tech enterprises.

    Challenges

    10

    Addressing Public sector challenges.

    Proven Liquidity

    R114 Million realized value delivered in 2023 strategic exits.

    The EPF Tech Fund invests in early-stage, high-growth businesses solving sector challenges through technology."

    Join our journey

    Locations

    Cape Town (HQ) & Johannesburg

    Our Track Record

    Leading South African firm scaling start-ups across the continent.

    Testimonials

    Words from the
    Frontline

    "We have received a lot of support from the EPF Tech Fund since 2019. Working with this fund has so far been the most transformative and exciting journey. The EPF Tech Fund have helped us scale our business and capabilities, onboard more customers, and secure strategic partnerships with giant Telcos and Banks to which our growth has been a testament. We look forward to working with the EPF Tech Fund team in the coming years"

    "Deployed over 100,000 POS terminals."

    Christo Van Der Merwe
    CEO, Paypoint

    "The EPF Tech Fund has been a key investor since 2017, and its commercial experience has been incredibly valuable to our company in funding and scalability as well as business advisory. The fund has assisted Visiosoft to develop and scale our IoT business in 4 years. The EPF Tech Fund is a long term, active investor and has also secured strategic partnerships with international players. I am glad to have them next to us as a partner and investor."

    "Scaled to 150,000 devices in 23 countries."

    Johan Dirker
    CEO, Visiosoft

    "The EPF Tech Fund invested in Smartview in 2018 when the business had limited commercial traction with an idea of visualising IoT data. Today Smartview has dynamic, API ready platform integrated with over 20 IoT devices and is agnostic to any network protocol device. We are grateful to the EPF Tech Fund's startegic involvement and giving us the freedom to build the business to what it is today, and being able to call on their professional experience and capital when required. Thank you to the EPF Tech Fund for helping us grow and continuing to walk this journey with us."

    "2,500 clients & 28 completed projects."

    Keenan George
    CEO, Smartview Technologies
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    Community

    The EPF Tech Fund Family

    EPF
    Empire Partner Foundation

    We're not just imagining a better Africa, we're building it. EPF develops practical technology and invests in talent to tackle urgent societal challenges.

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    Tech Hub
    AI Campus

    As a high-growth investable asset within the EPF Tech Fund portfolio, AI Campus provides a suite of cutting-edge AI solutions designed to digitize workflows and automate operations.

    Visit Website