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CRE Venture Capital

Founders Pardon Makumbe Pule Taukobong

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 53
Average round size
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The average size of a deal this fund participated in
$6M
Portfolio companies 27
Rounds per year 5.30
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.45
Key employees 4

Areas of investment

  • FinTech
  • Financial Services
  • Software
  • Payments
  • E-Commerce
Summary

CRE Venture Capital is the famous VC, which was founded in 2014. The fund was located in Africa if to be more exact in South Africa. The main office of represented VC is situated in the Johannesburg.

The fund was created by Pardon Makumbe, Pule Taukobong. The overall number of key employees were 4.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the CRE Venture Capital, startups are often financed by Spark Capital, Omidyar Network, GV. The meaningful sponsors for the fund in investment in the same round are Spark Capital, Omidyar Network, GV. In the next rounds fund is usually obtained by Spark Capital, GV, Omidyar Network.

The common things for fund are deals in the range of 10 - 50 millions dollars. The average startup value when the investment from CRE Venture Capital is 1-5 millions dollars. Considering the real fund results, this VC is 6 percentage points less often commits exit comparing to other organizations. The top activity for fund was in 2015. The fund is generally included in 2-6 deals every year.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. Among the most successful fund investment fields, there are Internet, Software. Among the various public portfolio startups of the fund, we may underline Andela, OneUni, Lynk The fund has no specific favorite in a number of founders of portfolio startups.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of CRE Venture Capital:
Typical Co-investors
CRE Venture Capital is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after CRE Venture Capital:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sukhiba

Communities
E-Commerce
$1M25 Oct 2023 Nairobi, Nairobi Area, Kenya

Stitch

Financial Services
FinTech
$25M03 Oct 2023 Cape Town, Western Cape, South Africa

Sabi Am

B2B
$38M19 May 2023 Lagos, Lagos, Nigeria

Sava

Credit
Finance
Financial Services
$2M30 Jun 2022 Johannesburg, Gauteng, South Africa

In HairCare

Consumer Goods
Cosmetics
26 Mar 2022 Paris, Ile-de-France, France

Stitch

Financial Services
FinTech
$21M14 Feb 2022 Cape Town, Western Cape, South Africa

Raise

Financial Services
Funding Platform
Information Technology
$2M21 Nov 2021 Nassau, New Providence, Bahamas

Stitch

Financial Services
FinTech
$2M28 Oct 2021 Cape Town, Western Cape, South Africa

Definely

Legal Tech
Software
$3M13 Sep 2021 London, England, United Kingdom
News
Smile Identity Raises $7M in Series A Funding

– Smile Identity from Lagos, Nigeria provides ID verification and KYC compliance through Artificial Intelligence.
– The company raised $7M in Series A Funding.
– The round was led by Costanoa Ventures with participation from CRE Venture Capital, Local Globe, Intercept Ventures, Future Africa Ventures, Khosla Impact ValueStream Ventures, Beta Ventures, 500 Startups and Story Ventures.
– The company plans to use the new funding to improve its services, expand across more markets, add support for more ID types and hire more engineers and support staff across Africa.

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Total investments 53
Average round size 6M
Rounds per year 5.30
Peak activity year 2021
Lead investments 5
Follow on index 0.45
Group Appearance index 0.83

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Sukhiba

Communities
E-Commerce
$1M25 Oct 2023 Nairobi, Nairobi Area, Kenya

Stitch

Financial Services
FinTech
$25M03 Oct 2023 Cape Town, Western Cape, South Africa

Sabi Am

B2B
$38M19 May 2023 Lagos, Lagos, Nigeria

Sava

Credit
Finance
Financial Services
$2M30 Jun 2022 Johannesburg, Gauteng, South Africa

In HairCare

Consumer Goods
Cosmetics
26 Mar 2022 Paris, Ile-de-France, France

Stitch

Financial Services
FinTech
$21M14 Feb 2022 Cape Town, Western Cape, South Africa

Raise

Financial Services
Funding Platform
Information Technology
$2M21 Nov 2021 Nassau, New Providence, Bahamas

Stitch

Financial Services
FinTech
$2M28 Oct 2021 Cape Town, Western Cape, South Africa

Definely

Legal Tech
Software
$3M13 Sep 2021 London, England, United Kingdom
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