Home to a vibrant tech scene and a strong culture of innovation, the Western Cape is leading the charge in South Africa’s venture capital landscape. With a thriving start-up ecosystem and a business environment that champions entrepreneurship, the region is well positioned as the country’s venture capital powerhouse.

References

Business Day. (2024). Analysis: Western Cape attracts the most venture funding in SA. Available at: https://www.businesslive.co.za/bd/economy/2024-07-29-analysis-western-cape-attracts-the-most-venture-funding-in-sa/#:~:text=By%20deal%20volume%2C%20things%20remained%20steady%20at,capital]%20activity%20in%20SA%2C%20with%20Gauteng%20making[Accessed: 7 May 2025].

City of Cape Town. (2024). Invest in Cape Town: Regional market analysis and intelligence 2023/ 24. Available at: https://www.investcapetown.com/wp-content/uploads/2024/08/COCT-Market-Intelligence-Report-FA-interactive-1.pdf [Accessed: 12 May 2025].

Department of Trade, Industry and Competition. (2025). Innovation and technology funding instruments. Available at : https://www.thedtic.gov.za/financial-and-non-financial-support/incentives/technology-venture-capital/ [Accessed 9 May 2025].

KPMG. (2024). 2024 global VC investment rises to $368 billion as investor interest in AI soars, while IPO optimism grows for 2025 according to KPMG Private Enterprise’s Venture Pulse. Available at: https://kpmg.com/xx/en/media/press-releases/2025/01/2024-global-vc-investment-rises-to-368-billion-dollars.html [Accessed: 13 May 2025].

SME South Africa. (2024). Guide to venture capital funding in South Africa. Available at: https://smesouthafrica.co.za/sme-guides/vc-funding-in-south-africa/#:~:text=In%202021%2C%20South%20African%20start,a%20total%20of%20$107%20million [Accessed: 7 May 2025].

Southern African Venture Capital and Private Equity Association. (2024). Venture capital industry survey 2024. Available at: https://savca.co.za/wp-content/uploads/2024/07/SAVCA-VC-Survey-2024-Digital.pdf [Accessed: 12 May 2025].

Startup Genome. (2024). The global startup ecosystem report 2024. Available at: https://startupgenome.com/report/gser2024[Accessed: 12 May 2025].

The African Private Capital Association. (2024). African private capital activity report 2024. Available at: https://www.avca.africa/media/o5makqy5/avca234-19-vc-report_4.pdf [Accessed: 9 May 2025].