VUMELA FUND
Vumela was established in 2009 by FNB Business Banking and Edge Growth. The objective was to create an innovative model for the development of a sustainable and a financially and operationally independent investment business which invests in high growth small, medium and micro size enterprises with good economic and impact returns. Vumela was capitalised in 2010. Within the first four years, we’d invested R90 million into eight high growth SMEs, and created a total of 400 jobs. They launched ... their second fund in 2015, after a further investment of R100 million from FirstRand and R127 million from the Jobs Fund. Within the first year of launching this second fund, we’ve committed R43 million to five investments that are expected to create over 1800 new jobs. The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the Shalamuka Foundation and the FirstRand Group.
VUMELA FUND
Industry:
Finance Financial Services Venture Capital
Founded:
2009-01-01
Status:
Active
Technology used in webpage:
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Current Employees Featured
Heather Lowe Co-Founder & Investment Committee Member @ Vumela Fund
Co-Founder & Investment Committee Member
Founder
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2023-08-31 | Rentoza | Vumela Fund investment in Series A - Rentoza | 6 M USD |
| 2021-12-01 | Kusini Water | Vumela Fund investment in Seed Round - Kusini Water | N/A |
| 2021-05-07 | Kombo King | Vumela Fund investment in Venture Round - Kombo King | 500 K USD |
| 2021-03-02 | Inoxico | Vumela Fund investment in Venture Round - Inoxico | 10 M ZAR |
| 2020-11-13 | Letsema | Vumela Fund investment in Debt Financing - Letsema | N/A |
| 2020-07-16 | Sea Monster | Vumela Fund investment in Venture Round - Sea Monster | 1000 K USD |
| 2019-11-05 | ProfitShare Partners | Vumela Fund investment in Debt Financing - ProfitShare Partners | 25 M ZAR |
| 2019-10-07 | SweepSouth | Vumela Fund investment in Series A - SweepSouth | 50 M ZAR |
| 2018-04-17 | Giraffe | Vumela Fund investment in Venture Round - Giraffe | N/A |
| 2017-05-02 | Nova Pioneer | Vumela Fund investment in Debt Financing - Nova Pioneer | 15 M ZAR |
More informations about "Vumela Fund"
Vumela – Enterprise Development Fund
Venture Debt funding for high growth scale-ups raising Series A and B rounds. Jobs Created. Vumela has raised R588m across 3 separate funds from 2 investors and to date has made 21 …See details»
About – Vumela
The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the …See details»
Our Structure - Vumela
Launched by the Minister of Finance in 2011, the main objective of the Jobs Fund is to co-finance projects by public, private and non-governmental organisations that will significantly contribute to job creation.See details»
Vumela Fund - Crunchbase Investor Profile & Investments
The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, …See details»
Vumela | First National Bank | FNB
FNB Commercial, together with Edge Growth, manage the Vumela Enterprise Development Fund and through it makes equity investments into high growth SMEs currently struggling to access …See details»
FNB commits R200m in Vumela Fund - Africa Global Funds
Nov 16, 2022 · The Vumela Enterprise Development Fund is an innovative model to finance and support black-owned “missing-middle” SMEs, unlocking their potential for sustainable growth …See details»
Vumela Fund - Investment Guide Africa
The first fund of its kind in South Africa, Vumela’s main goals are to invest in and develop entrepreneurial companies in order to help alleviate poverty in South Africa by creating jobs, and to generate a return for its beneficiaries: the …See details»
First of its kind funding solutions for SA launched FNB …
Nov 15, 2022 · The Vumela Enterprise Development Fund is an innovative model to finance and support black-owned “missing-middle” SMEs, unlocking their potential for sustainable growth and subsequent job creation.See details»
Revolutionising SME Finance in SA - Edge Growth
The recent launch of Vumela 4.0, a fund pioneering new and innovative alternative funding products for South Africa’s SMEs, serves as a case study to demonstrate how SME ecosystem players are designing solutions to solve …See details»
FNB commits R200m to grow SMEs through Vumela 4
Nov 15, 2022 · Phase 4 will see new, innovative alternative SME financing solutions deployed, aiming to benefit approximately 150 businesses, and creating over 1 000 jobs. Leading SME and Venture Fund Manager, Edge Growth, will …See details»
Investments - Vumela
We fund businesses in many sectors. However, we don’t fund primary agricultural, mining, property or businesses in the “sin” industries (like alcohol or gambling).See details»
Vumela Enterprise Development | Growth Capital - FNB
FNB Business together with Edge Growth, manage the Vumela Enterprise Development Fund which provides growth capital to qualifying SMEs.See details»
Vumela Fund - Investments, Portfolio & Company Exits - Crunchbase
Vumela Fund has made 16 investments. Their most recent investment was on Aug 31, 2023, when Rentoza raised. How many investments has this organization made over time? Which …See details»
Vumela 4.0 – Vumela - vumelafund.com
Rapidly accessible funding targeting early-stage/ seed businesses which are majority black-owned and operate in any supply chain. For phase 1, Vumela will be only providing funding to …See details»
5 Ways to Lift the Barriers to SME Funding in RSA - Edge Growth
Here we will explore 5 ways to lift the barriers to SME funding in South Africa, supported by the industry knowledge of investor and Vumela Fund Trustee Mike Sage, and the first-hand …See details»
New investment in homegrown technology providing water to …
Dec 6, 2021 · The Vumela Fund, established by FNB Business and Edge Growth, announced a new investment in Kusini Water, a cleantech enterprise that provides clean drinking water to …See details»
Vumela makes investments in education and technology in South …
May 8, 2017 · Vumela, a fund managed by FNB and Edge Growth, has recently acquired stakes in Nova Pioneer, an independent school network, and in Mobenzi, a mobile first technology …See details»
Black-owned management consulting firm receives investment
Nov 17, 2020 · The Vumela Fund was established in 2009 by FNB Business Banking and Edge Growth to help alleviate poverty in South Africa by creating jobs through supporting the growth …See details»
Get Funded - Vumela
Vumela 3.0; Our Structure; Vumela 3.0; Vumela 4.0; Get Funded; I need short term funding for a purchase order. Get funded. I need equity or debt growth funding for opex, capex or working …See details»
Vumela 3.0 – Vumela - vumelafund.com
Vumela equity is BEE. SUPPLY CHAIN ALIGNMENT Must be a direct supplier to another company (B2B or B2B2C business model) SECTOR Focus areas: Education, Healthcare, …See details»