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

Past deals in South Africa

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.

Saigen

Seed Round in 2018
Saigen is a data science company based in Hermanus, South Africa, specializing in speech recognition technologies tailored to the African context, including various accents and dialects. The company provides solutions that enable users to extract insights from data across multiple industries. Its offerings include speech analytics for call centers, which enhance compliance, efficiency, and productivity; product recommendation algorithms that predict consumer purchasing behavior; churn reduction tools that identify clients at risk of leaving; and customer analysis solutions that help build detailed customer profiles. Saigen has a strong academic foundation and has collaborated with international partners, contributing to projects such as the IARPA-sponsored spoken term detection program and developing speech recognition systems for all eleven of South Africa’s official languages. Additionally, the company offers speech recognition systems for commercial applications, catering to sectors like public service and legal industries, ensuring businesses can efficiently utilize AI-enabled transcription services.

Predictive Insights

Seed Round in 2018
Predictive Insights is a data science company based in South Africa that specializes in artificial intelligence and machine learning. The company develops advanced models to provide accurate estimates of current or future behaviors related to products, services, and markets. By leveraging recent advancements in machine learning and data collection, Predictive Insights enables businesses to predict demand, identify target markets, and evaluate the effectiveness of promotional campaigns. The company employs principles of behavioral economics alongside its data-driven analysis platform to offer insights into consumer decision-making, helping clients implement effective strategies to influence behavior and enhance business efficiency and profitability.

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.

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.
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