RankingSouth Africa · 2024 Funding
Top Funded South Africa Startups of 2024
25 companies with $756.8M in 2024 funding between them. Cassava Technologies leads with $310M, followed by TymeBank ($259.5M) and SolarAfrica Energy ($98.2M).
- 2024 Funding
- $756.8M
- 25 companies
- Median per company
- $1.7M
- average $31.5M
- Top 3 share
- 88%
- Cassava Technologies alone 41%
- Backer relationships
- 151
- across the 25
| # | Company | 2024 Funding |
|---|---|---|
| 1 |  Enabling social mobility and economic prosperity through technology in Africa. | $310M |
| 2 |  TymeBank is a South African fully black-owned and controlled investment company. | $259.5M |
| 3 |  SolarAfrica Energy is a South African Energy startup that provides simple sustainable solutions. | $98.2M |
| 4 | Sturdee Energy is a pan-African Independent Power Producer focused on renewable energy projects in Sub-Saharan Africa. | $44M |
| 5 | Sourcefin is a leading tender and purchase order funding specialist, dedicated to empowering South African businesses. | $8.2M |
| 6 |  Hohm helps homeowners and businesses to go solar with accredited solar installers, product suppliers and embedded solar finance. | $8M |
| 7 |  Omnisient is an Information Technology platform that enables businesses to innovate and grow profitability through secure data sharing. | $7.5M |
| 8 | Insight Terra provides real-time actionable insight into all your critical data. | |
| 9 | OfferZen is a developer job marketplace where 1000+ SA and EU companies hire from a community of 100 000+ makers. | $4.3M |
| 10 |  Sportable delivers real-time smart ball and player tracking to revolutionize team sports analytics. | $3.8M |
| 11 | Grid Africa is a leader in solar energy solutions, dedicated to advancing the adoption of renewable energy across Africa. | $2.8M |
| 12 |  Cue enables businesses to chat with their customers across channels online using Inbox and Chatbots | $2M |
| 13 |  Happy Pay is pioneering responsible zero-interest payments. | $1.8M |
| 14 |  Open Access Energy is a software company whose vision is to open energy access to all. | $1.5M |
| 15 |  Talk360 is the leading international voice calling app allowing affordable and reliable international calls to any offline landline or mobile phone. | $1.4M |
| 16 |  Immobazyme utilises precision fermentation to produce high-value active protein ingredients. | $1.3M |
| 17 |  Flood enables telcos and banks to embed digital commerce, loyalty, and payments directly into their existing apps | $1M |
| 18 |  Orca is a South African fintech fraud prevention startup that empowers fraud fighters to outpace fraud using custom ML models. | $550K |
| 19 |  TurnStay thrives at the intersection of fintech and travel, championing hassle-free experiences in travel payments. | $300K |
| 20 |  NewForm Foods develops scalable cultivated meat platforms, enabling food producers with sustainable protein solutions. | $200K |
| 21 |  Empowering fleet operators worldwide with data-driven mobility solutions. | $191K |
| 22 |  Athena enables patients to split the repayment of their healthcare costs whilst getting the care they need now. | $150K |
| 23 |  Koa provides an IEB education for children in grades 4-12 through an online learning environment that is both structured and individualised. | $50K |
| 24 |  The Awareness Company uses data-driven storytelling to help people, communities and organisations to become more efficient and impactful | $11K |
| 25 |  CatalyzU is using AI to align workforce skills and training with business goals. | $1 |
All 25 shown · generated 16 Feb 2026
Missing a company? Submit itFrequently asked about Top Funded South Africa Startups of 2024
- Which company leads Top Funded South Africa Startups of 2024?
- Cassava Technologies, with $310M, 41% of the $756.8M on this list. TymeBank is second ($259.5M).
- How much did the companies on this list raise?
- $756.8M across 25 companies. The median company raised $1.7M. The top three took 88% of the total.
- Which cities are they based in?
- Cape Town (15 companies), Johannesburg (7) and Gauteng (1).
- How is this list built?
- This cohort contains startups classified as startup in South Africa and is ranked by total USD funding announced in 2024. Funding values are limited to 2024; latest-round and company details reflect the most recent tracked data.
