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MyGrowthFund Venture Partners is a venture capital organization based in Sandton, South Africa, operating across 54 nations in Africa. The firm focuses on high-growth ventures that enhance financial inclusion, healthcare, and education through technology. Founded by prominent entrepreneur and speaker Vusi Thembekwayo, MyGrowthFund aims to invest in 100 high-growth ventures by 2030, while also creating 300 sustainable businesses and generating 100,000 jobs.
The firm operates with a community-centric approach, emphasizing economic development alongside financial returns. MyGrowthFund's commitment to fostering innovation is evident in its accelerator and incubation programs, which provide essential resources and support to early-stage companies. The firm has received recognition as the Best Impact Investment Firm in Africa for two consecutive years, 2020 and 2021, at the Worldwide Finance Awards in London.
MyGrowthFund Venture Partners combines venture capital with a community-centric approach, focusing on sectors such as fintech, healthcare, and edtech. The firm invests in both accelerator and growth equity stages, targeting high-growth ventures that contribute to economic upliftment across Africa. Their investment strategy includes a hybrid model that integrates capital investments with comprehensive support programs, including mentorship and educational initiatives.
The firm aims to create sustainable businesses and jobs, with a specific mission to invest in 100 high-growth ventures by 2030. MyGrowthFund's geographic focus is primarily on South Africa, accounting for 70% of its investments, while the remaining 30% targets pan-African opportunities. The firm seeks founders who demonstrate a commitment to addressing critical societal challenges through technology-driven solutions.
MyGrowthFund Venture Partners has a notable portfolio that includes companies such as:
In addition to these companies, MyGrowthFund supports various other ventures through its accelerator and incubation programs, which are designed to nurture early-stage companies. The firm emphasizes the importance of addressing societal challenges while achieving financial returns, making its portfolio diverse and impactful.
Vusi Thembekwayo - Founder & CEO; a prominent South African business speaker, author, and investor. He has a notable background as a former Dragon on Dragons' Den Africa and is recognized for his contributions to entrepreneurship.
Boitumelo Mofikoe - Team member; referenced in The Habari Network as part of the leadership team building MyGrowthFund's mission. Her expertise contributes to the firm's community-centric approach.
To pitch to MyGrowthFund, founders should submit their proposals through the firm's website at mygrowthfund.co. The pitch deck should include a clear overview of the business model, market analysis, and the anticipated social impact. While specific response times are not disclosed, it is advisable to follow up after a few weeks if no response is received.
Warm introductions are preferred, but not mandatory. Founders should ensure that their pitches align with MyGrowthFund's focus on fintech, healthcare, and edtech sectors.
MyGrowthFund runs an accelerator program designed to support early-stage companies in fintech, healthcare, and edtech sectors. This program provides mentorship, resources, and networking opportunities to help startups scale effectively.
Eligibility for the accelerator program typically includes a demonstrated commitment to social impact and innovation within the targeted sectors. Interested founders can apply through the firm's website.
In 2021, MyGrowthFund Venture Partners was recognized as the Best Impact Investment Firm in Africa at the Worldwide Finance Awards in London. This accolade highlights the firm's commitment to social impact and economic development.
The firm aims to invest in 100 high-growth ventures by 2030, with a broader mission of creating 300 sustainable businesses and generating 100,000 jobs across Africa.
What are MyGrowthFund's investment criteria?
MyGrowthFund focuses on high-growth ventures in fintech, healthcare, and edtech sectors. They look for companies that demonstrate potential for significant social impact and financial returns, particularly those that contribute to financial inclusion and education.
How can I pitch to MyGrowthFund?
Founders can pitch their ideas through the firm's website at mygrowthfund.co. It is recommended to include a clear business model, market analysis, and the social impact of the venture in the pitch deck.
What makes MyGrowthFund different from other VCs?
MyGrowthFund combines venture capital with a community-centric approach, focusing on economic development and social impact alongside financial returns. Their accelerator and incubation programs provide additional support to portfolio companies.
What is the geographic scope of MyGrowthFund's investments?
The firm operates across 54 nations in Africa, with a primary focus on South Africa, which accounts for 70% of their investments.
What is the typical check size for investments?
Specific check sizes are not disclosed, but MyGrowthFund invests in both accelerator and growth equity stages, indicating a range of investment amounts depending on the venture's needs.
What kind of support do portfolio companies receive?
MyGrowthFund provides strategic support through its accelerator and incubation programs, which include mentorship, resources, and networking opportunities to help companies scale effectively.
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