Portfolio Snapshot
Our portfolio reflects the breadth of our investment approach, spanning diverse sectors and backing visionary founders and strong management teams building purposeful businesses. As a sector-agnostic investor, E Squared focuses on the quality of the opportunity, the strength of the team, and the potential for long-term impact.
R0
Pre-Seed investment in 2025
R0
E Squared Ventures investment in 2025
R0
Co-Investments in 2025
R0
Fund-of-Funds investments in 2025
R0
Social Entrepreneurship investment in 2025
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.
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.
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.
E Squared Co-investment
High-growth investment mandate focused on Series A and later-stage businesses that are majority BEE owned.
3 Capital Ventures
3 Capital Ventures (3CV) is the first institutional investor for early-stage, post-revenue B2B startups in South Africa.
Social Entrepreneurship: Programme-Related Investments
Grant funding to Social Enterprises registered as Public Benefit Organisations (PBOs) to pilot innovative programmes that foster youth entrepreneurship.
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.
Fund of Funds
Supports emerging and established fund managers that demonstrate strong return potential alongside a commitment to social impact.
