Alphawave Group

Alphawave Group is a venture capital firm based in Stellenbosch, South Africa, established in 1995. The firm focuses on investing in innovative technology businesses that have the potential for international scalability. With a portfolio of 16 companies, Alphawave Group employs over 375 individuals, including more than 175 engineers and developers. The firm's investment strategy emphasizes aligning and supporting talented individuals to foster commercial ideas tailored to their expertise. By sharing profits and experience from successful ventures, Alphawave Group aids in the incubation and growth of emerging businesses. The firm has a proven track record of expanding internationally, with over 50% of its portfolio companies successfully selling products abroad.

Frans Meyer Ph.D

Co-Founder, CEO and Board Member

Kgotso Schoeman

Non - Executive Director

19 past transactions

Play AI

Seed Round in 2024
Play AI is a company that operates a blockchain platform designed to create a modular chain specifically for the gaming industry. Its platform focuses on aggregating player incentivization alongside data validation nodes and gaming dataset markets. This innovative approach allows creators to deploy artificial intelligence in gaming, enabling players to monetize their gameplay effectively while enhancing the overall gaming experience. By integrating these elements, Play AI aims to transform the interaction between players, developers, and the gaming ecosystem.

Callbi

Series A in 2024
Callbi is a provider of a cloud-based Software-as-a-Service solution specializing in speech analytics for contact centers. The company’s software is designed to monitor and analyze customer calls, allowing organizations to ensure compliance and assess sales or collection effectiveness. By delivering insights into operational efficiencies, Callbi assists clients in maximizing revenue, reducing costs, and mitigating risks, ultimately improving overall effectiveness in their operations.

Hawktivity

Seed Round in 2024
Hawktivity is a manufacturer of computer vision sensors that deliver real-time feedback on the behavior of workers and customers. The company specializes in advanced technology that interprets and understands visual information from images and videos. By leveraging artificial intelligence, Hawktivity aims to enhance productivity and customer service across various industries. Its sensors measure human actions, enabling businesses to optimize staffing, increase profitability, assess worker productivity, and improve customer satisfaction. Through its innovative solutions, Hawktivity seeks to provide valuable insights that drive operational efficiency and enhance the overall experience for both employees and customers.

ByteFuse

Seed Round in 2023
ByteFuse is a provider of AI-based research and development services focused on simplifying search and optimization processes. The company offers a range of solutions, including APIs and deployment infrastructure that facilitate rapid prototyping and reduce development cycle costs. ByteFuse specializes in multimedia recommendations, transport solutions, metadata extraction, and a universal encoder, along with model optimization. By leveraging these capabilities, ByteFuse enables clients to enhance product development, improve customer experiences, and generate actionable insights.

indiagold

Series A in 2022
indiagold is a financial services company that specializes in gold loan and locker services, catering to the savings, consumption, and credit needs of its customers. The company offers insured locker systems equipped with real-time tracking and a complimentary doorstep pick-up and drop-off service. Additionally, indiagold provides instant loans against gold at competitive rates with minimal documentation requirements, ensuring a convenient and secure experience for clients. By leveraging advanced algorithms and app-based operations, indiagold enhances operational efficiencies and enables its banking partners to expand their asset-backed product offerings across various regions without the need for significant investment.

Callbi

Seed Round in 2022
Callbi is a provider of a cloud-based Software-as-a-Service solution specializing in speech analytics for contact centers. The company’s software is designed to monitor and analyze customer calls, allowing organizations to ensure compliance and assess sales or collection effectiveness. By delivering insights into operational efficiencies, Callbi assists clients in maximizing revenue, reducing costs, and mitigating risks, ultimately improving overall effectiveness in their operations.

Cerebras Systems

Series F in 2021
Cerebras Systems Inc. is a technology company that specializes in manufacturing artificial intelligence chips specifically designed for deep learning applications. Founded in 2016 and headquartered in Los Altos, California, the company is dedicated to creating advanced computing systems that significantly accelerate deep learning tasks. By integrating expertise in computer architecture with machine learning, Cerebras develops innovative technologies that aim to enhance AI performance and transform the landscape of artificial intelligence. Through its unique design principles, the company seeks to push the boundaries of what is possible in AI computing.

VerSe Innovation

Venture Round in 2020
VerSe Innovation is a local language technology company that develops a discovery platform to consume and socialize with media. Its platform facilitates the curation of content and tracks user preferences through its vertical search and recommendation tools that provide users with personalized content and notifications.

Skynamo

Series A in 2020
Skynamo, established in 2012, specializes in cloud-based field sales management software and mobile applications for manufacturers, wholesalers, and distributors. Its platform facilitates real-time GPS tracking of field sales representatives, optimizes sales processes, and provides insights into customer visits and orders. Skynamo's key features include remote order submission, automated administrative tasks, and mobile capture of customer interactions. The company, headquartered in Stellenbosch, South Africa, with additional offices in Johannesburg and the UK, serves sectors such as food and beverage, building materials, and automotive goods. By fostering transparency and trust, Skynamo transforms sales management from micro-management to coaching, and sales representatives from order takers to value-adding consultants.

Neurozone

Seed Round in 2020
Neurozone is a company that specializes in leveraging neuroscience to enhance leadership, resilience, and brain performance across various sectors. It develops a digital platform that offers tools focused on resilience-building for professionals, individuals, teams, and organizations. The platform provides an integrative approach to assessing burnout risk and resilience levels, utilizing scientifically grounded insights to help users understand the interactions between brain and body systems. Neurozone's solutions also include coaching certification and data-driven analytics, enabling coaches to effectively integrate neuroscience insights into their practices, ultimately improving performance outcomes and fostering high-performance habits.

Inrange

Seed Round in 2019
Inrange is a sports and recreation center for golf practice.

Predictive Insights

Seed Round in 2018
Predictive Insights is a South African-based data science company that specializes in predictive analytics. It employs artificial intelligence and machine learning models to provide accurate estimates of current or future behaviors for products, services, markets, or targets. The company leverages recent advancements in machine learning and data collection to offer insights such as predicting demand, identifying potential markets, and evaluating promotional campaigns. Its core offering is an AI-driven analysis platform that uses behavioral economics and machine learning to predict individual decision-making and identify effective interventions, enabling clients to enhance business efficiency and profitability through data-driven insights.

Saigen

Seed Round in 2018
Saigen is a data science company based in Hermanus, South Africa, specializing in speech recognition technology tailored to the African context. The company develops customized large-vocabulary speech-recognition systems that cater to various industries, including call centers, where it offers solutions for speech analytics to enhance compliance, efficiency, and productivity. Saigen's innovative algorithms provide predictive capabilities for product recommendations, churn reduction, and customer analysis, enabling clients to derive valuable insights from their data. The company has established itself through collaborations with international partners and has a notable history of contributions to significant projects, including those involving Google and participation in the IARPA-sponsored spoken term detection program.

Grapevine

Pre Seed Round in 2016
Grapevine, stay up to date with the latest Food and Drink specials by getting notified the instant venues post new spontaneous specials, valid for a up to two hours. Grab them before the time runs out!

Polymorph

Seed Round in 2016
Polymorph Systems (Pty) Ltd., founded in 2001 and based in Stellenbosch, South Africa, specializes in creating user-centric mobile and IoT applications. The company focuses on user experience and interface design, native mobile development for iOS and Android, as well as HTML5 and hybrid development. Its expertise extends to machine-to-machine (M2M) and IoT technologies, backend development, API design, and integration with legacy systems. By delivering custom software solutions, Polymorph aims to support enterprises in their digital growth and enhance user engagement. As of January 2017, Polymorph operates as a subsidiary of EM Software & Systems-S.A. (Pty) Ltd.

MySidekick

Seed Round in 2015
MySidekick shows you personalised specials at the nearest Malls and notifies you when you arrive !

Sozo Labs

Seed Round in 2015
Sozo Labs is a developer of virtual and augmented reality technology that focuses on enhancing customer engagement in the digital realm. The company specializes in transforming traditional, physical business processes into immersive applications that utilize extended reality and gamification. By leveraging mobile technology and immersive experiences, Sozo Labs aims to improve interactions between businesses and their customers, ultimately increasing customer satisfaction and engagement. Through its innovative solutions, the company positions itself at the forefront of the evolving landscape of digital interactions.

Skynamo

Seed Round in 2012
Skynamo, established in 2012, specializes in cloud-based field sales management software and mobile applications for manufacturers, wholesalers, and distributors. Its platform facilitates real-time GPS tracking of field sales representatives, optimizes sales processes, and provides insights into customer visits and orders. Skynamo's key features include remote order submission, automated administrative tasks, and mobile capture of customer interactions. The company, headquartered in Stellenbosch, South Africa, with additional offices in Johannesburg and the UK, serves sectors such as food and beverage, building materials, and automotive goods. By fostering transparency and trust, Skynamo transforms sales management from micro-management to coaching, and sales representatives from order takers to value-adding consultants.

EMSS

Seed Round in 2002
EMSS specialises in the field of electromagnetic simulation software and services. They develop internationally recognised products and consult to various large enterprises. Their R&D department designs and produces highly specialised RF equipment and antennas.
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