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New GX Capital is a 100% black and family-owned investment firm founded in 2005 and headquartered in Johannesburg, South Africa. The firm focuses on critical infrastructure, clean technology, and digital transformation across South Africa and the broader African continent. New GX Capital is recognized for its commitment to Black Economic Empowerment (BEE) and aims to drive transformation while delivering financial returns.
As of 2023, New GX Capital manages a fund size of $240 million and operates across multiple investment platforms, including clean tech, digital infrastructure, private equity, and venture capital. The firm has established itself as a credible player in the South African investment landscape, co-founding Dark Fibre Africa (DFA), a major open-access fibre network operator. New GX Capital's investment strategy emphasizes active asset management and strategic partnerships to enhance operational efficiencies and drive growth.
New GX Capital has a strong focus on sectors such as energy, digital infrastructure, and logistics, and collaborates with RMB Ventures to empower entrepreneurs in technology, data analytics, supply chain, and logistics. The firm is committed to identifying high-potential companies and unlocking growth through its investment strategies.
New GX Capital invests across several key platforms, including clean energy, gas, water infrastructure, and critical digital infrastructure. The firm targets early-stage investments from pre-seed to Series B stages, with check sizes ranging from $1 million to $40 million. Their investment strategy is designed to identify high-potential companies poised for growth and market disruption.
The firm emphasizes a strong commitment to environmental and social impact, aligning its investments with the principles of Black Economic Empowerment. New GX Capital collaborates with established management teams to enhance operational efficiencies and drive growth in its portfolio companies. Their focus on critical infrastructure and related services sectors positions them as a key player in the African investment landscape.
New GX Capital's portfolio includes several notable companies that reflect its investment focus on critical infrastructure and clean technology:
These companies exemplify New GX Capital's commitment to investing in sectors that drive transformation and sustainability across the African continent.
Khudusela Pitje — CEO of New GX Capital, Khudusela has extensive experience in investment management and infrastructure development. He has played a pivotal role in establishing the firm as a credible player in the South African investment landscape.
Tebatso Modiba — Deal Executive at Airnergize Capital, Tebatso brings expertise in venture capital and private equity, focusing on technology and infrastructure investments. His background includes significant roles in various investment firms, contributing to his strong understanding of market dynamics.
To pitch New GX Capital, founders should send an email to info@newgx.co.za. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. New GX Capital values clarity and detail in presentations, so founders should ensure their decks are well-structured and informative.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
On April 10, 2025, New GX Capital launched the Airnergize Capital Fund I in partnership with RMB Ventures, with an initial commitment of R2.4 billion and a target final close of R4 billion. This fund focuses on renewable energy, gas, and water infrastructure across Southern Africa and the broader continent.
In 2021, New GX Capital co-invested $40 million into Sustainable Power Solutions Africa (SPS), which specializes in renewable energy solutions, further solidifying its commitment to clean technology investments.
What are New GX Capital's investment criteria?
New GX Capital focuses on early-stage investments in sectors such as clean energy, digital infrastructure, and logistics. They seek companies that demonstrate high growth potential and market disruption capabilities.
How can I pitch to New GX Capital?
Founders can reach out via email at info@newgx.co.za. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and financial projections.
What makes New GX Capital different from other investors?
New GX Capital is a 100% black-owned firm with a strong commitment to Black Economic Empowerment. Their focus on critical infrastructure and clean technology, combined with active asset management, distinguishes them in the investment landscape.
What is the geographic scope of New GX Capital's investments?
The firm primarily invests in South Africa and the broader African continent, targeting opportunities that align with their focus on infrastructure and clean technology.
What is the typical check size for investments?
New GX Capital typically invests between $1 million and $40 million in their portfolio companies, depending on the stage and potential of the business.
What kind of support can portfolio companies expect?
New GX Capital provides active asset management and strategic partnerships to enhance operational efficiencies and drive growth in their portfolio companies. They collaborate closely with management teams to achieve these goals.
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