Our Track Record

Our impact is measured not only in capital deployed, but in the jobs created, businesses supported, and long-term value generated. These key statistics reflect the scale and depth of our contribution.

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Jobs Created since inception

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Fair Market Value (FMV) Growth

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Female-focused investments

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Rand Value of Investment since inception

About E Squared

About E Squared

We invest in and partner with businesses at all stages, supporting entrepreneurs and management teams to generate long-term financial and social returns across sectors.

As a disciplined and long-term investor, E Squared provides capital, strategic guidance and access to networks to support the development of resilient, scalable businesses. We work closely with boards and management teams, focusing on governance, sustainable value creation and measurable impact over the full investment horizon.

E Squared is a strategic partner to Allan & Gill Gray Philanthropies (AGGP).

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Investment Offerings

Supporting high-growth businesses, early-stage ventures and social enterprises to generate financial and social returns across all sectors.

Startup Founder Pitch

A low-touch programme providing startup and growth capital to Allan Gray Fellows who have built early-stage ventures alongside full-time work.

Capital is deployed against clear milestones to test commercial viability and execution. Strong performers may be considered for follow on investment within the broader E Squared portfolio.

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Pathways

Accelerates startups from concept refinement to commercial revenue through a bespoke offering with no start or end date. Available to Allan Gray Fellows only.

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E Squared Ventures

Seed and growth-stage funding for high-growth, scalable businesses, as well as management buy-ins, consortium-backed acquisitions and search-fund style transactions to acquire stakes in high growth and established/mature businesses. Includes post-investment support. Available to Allan Gray Fellows only.

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E Squared Co-investment

High-growth investment mandate focused on Series A and later-stage businesses that are majority BEE owned.

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3 Capital Ventures

3 Capital Ventures (3CV) is the first institutional investor for early-stage, post-revenue B2B startups in South Africa.

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Social Entrepreneurship: Programme-Related Investments

Grant funding to Social Enterprises registered as Public Benefit Organisations (PBOs) to pilot innovative programmes that foster youth entrepreneurship.

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Social Entrepreneurship: Venture Philanthropy

Supports hybrid social enterprises tackling social challenges by providing blended finance, including recoverable grants, equity, debt, and quasi-equity into the for-profit entity, alongside strategic non-financial support.

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Fund of Funds

Supports emerging and established fund managers that demonstrate strong return potential alongside a commitment to social impact.

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Our Portfolio

Our portfolio spans diverse sectors, led by visionary founders and strong management teams who are building purposeful businesses. We back entrepreneurs and leaders driving sustainable growth and long-term impact.

Latest News

Read about recent milestones, portfolio highlights and perspectives from E Squared.

  • E Squared Responsible Entrepreneurship Awards 2023 winners announced

    On 9 September, E Squared hosted its second instalment of the Responsible Entrepreneurship Awards at a dinner attended by investees, the organisation’s talent and leadership as well as several ecosystem partners.

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  • E Squared Investments fuels Zaio’s EdTech revolution with strategic financing for digital skills empowerment

    E Squared Investments is pleased to announce its investment into Zaio Technologies, an EdTech platform poised to revolutionise learning in the digital age.

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  • E Squared Investments continues to support Setana Capital’s mission to transform the township economy by facilitating access to financial services for the informal sector

    Johannesburg, South Africa, 10 May 2024 – E Squared recently provided funding to Setana Capital to enhance the development of its technology system, provide capital needed to roll out its embedded finance products, and further scale its business.

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  • Funding Readiness Is the Real Test of a Startup’s Strength

    In South Africa’s dynamic startup landscape, access to funding remains one of the biggest barriers to scale. Yet, the real challenge for many founders isn’t only where to find capital, it’s how to become ready for it. Too often, entrepreneurs focus on securing investment before establishing the fundamentals that make their ventures fundable. Funding readiness […]

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  • R300m seed fund of funds investment to support tech start-ups

    Press release from the SA SME Fund, the Technology Innovation Agency and E Squared Investments

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