Speaker At This Month's 'Platforms' Event, CEO Of Sweepsouth Announces R50m In New Funding Round

Following the investment from Naspers Labs announced on Heavy Chef earlier this year, startup news publication Ventureburn broke the news yesterday that Cape Town-based on-demand domestic cleaning service SweepSouth raised more than R50-million in its latest funding round.

Speaking to Heavy Chef earlier in June, Pandor said about the Naspers investment: “We are certainly pleased with the investment and the faith that Naspers has shown in our startup. It is remarkable to attain a nod of confidence from one of SA's most iconic tech companies. This is the start of our next phase, and we intend to roll out several new features in our service. The future is exciting for both the inspiring team that is working on this project and the amazing community that SweepSouth serves."

Aisha Pandor and Sweepsouth co-founder Alen Ribic

Aisha Pandor and Sweepsouth co-founder Alen Ribic

The startup said in a statement yesterday that existing investors Naspers Foundry, Smollan, Vumela, CRE VC (previously Africa Angels Network) and musician and venture capitalist Black Coffee had also participated in the latest round.

Aisha Pandor is a speaker at Heavy Chef’s next Inspire evening event at the end of October: The Platforms, alongside Katlego Maphai and Wesley Lynch

According to Ventureburn, investors in the round include the Michael & Susan Dell Foundation which invested $1-million (R14.5-million) in the company.

SweepSouth also said early investors Newtown Partners had exited the startup in the round with more than 10x return on their investments.

SweepSouth was founded in 2014 by Aisha Pandor and Alen Ribic.

The round is likely one of the highest raised in South Africa by a startup outside the fintech sector. It follows an announcement by Naspers in June that its venture capital (VC) fund Naspers Foundry had invested R30-million in the company

Aisha Pandor is due to speak at a Heavy Chef event, themed The Platforms, alongside two other exciting tech entrepreneurs Katlego Maphai and Wesley Lynch. Katlego Maphai is the CEO and co-founder of Yoco, the card-services platform that recently reached 50,000 vendors using the Yoco card-reader in Africa. Wesley Lynch is the CEO and founder of Snapplify, which last week announced that it had raised $2m in expansion capital from local VC-firm Knife Capital and black empowerment investment manager Hlayisani Capital’s Hlayisani Growth Fund.

The Platforms is the next Cape Town event in the Inspire Sessions, a collaboration with Discovery Business Insurance.

Book tickets below.

Tickets

Book your seats to see Aisha Pandor, Katlego Maphai and Wesley Lynch on the Heavy Chef stage