Despite a difficult trading year as a result of the global pandemic, early-stage fund managers invested R1.39bn in 167 investments in 2020. This was an increase of 12.8% from 2019 in terms of value of deals. Exit activity also increased by 13.2% in 2020, with a total of 43 Exits reported of which 72.1% were recorded as being profitable. It is encouraging to see that despite a tough economic climate and a global pandemic, the VC industry in South Africa continues to grow and invest in innovative entrepreneurs.
Below is a link to to the key highlights from the survey:
Click to access Highlights-of-the-2021-SAVCA-Venture-Capital-Survey-1.pdf
8th Season Capital 
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