South Africa, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the South Africa economy and the rise of disruptive technologies, these 2 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of South Africa’s unicorn companies!
List of 2 Unicorns in South Africa
1. Promasidor Holdings
A leading FMCG company in Africa providing quality, affordable and nutritious food products
Company Details:
- Valuation: $1.59B
- Investors Name: IFC, Ajinomoto
- City: Bryanston
- Industry: Consumer & retail
- Total Funding Raised: $556M
- Founded Year: 1979
- Joined Unicorn Club: 11/8/2016
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.promasidor.com/
2. Cell C
A South African mobile network operator providing voice and data services
Company Details:
- Valuation: $1B
- Investors Name: Blue Label Telecoms, Net1 UEPS Technologies
- City: Midrand
- Industry: Mobile & telecommunications
- Total Funding Raised: $546.97M
- Founded Year: 2000
- Joined Unicorn Club: 8/7/2017
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.cellc.co.za/
Conclusion
In conclusion, South Africa’s top 2 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.