Mamor Capital Ventures is a Black women-owned and managed venture capital firm based in Midrand, South Africa. Founded by Mamokete Ramathe, the firm applies institutional investment discipline to back South African technology companies that expand access to digital and financial services.
Mamor Capital Ventures invests in post-revenue South African technology companies operating in telecoms tech (broadband, internet, IoT, 5G), payments tech (processing, gateways, security, wallets, POS), digital trade (online marketplaces, ecommerce), and sustainable tech (energy efficiency, water management, waste management, sustainable farming).
The firm targets companies from seed to pre-Series A that demonstrate commercial traction, paying customers, and a realistic path to profitability, applying a gender lens to support underrepresented founders. Investments are limited to South Africa-based entities structured as equity instruments.
Mamor Capital Ventures reached a first close of ~$18.6M in August 2026 for its debut vehicle, Fund 1, and is targeting a final close of $34M.
The raise took more than three years to complete. The Public Investment Corporation (PIC), South Africa's largest asset manager, anchored the fund.
Other investors include the High Impact Seed Fund of Funds (managed by the SA SME Fund), the Technology Innovation Agency, and the Small Enterprise Development and Finance Agency.
Leadership
Mamokete Ramathe, Founder and CEO, has more than 15 years of experience facilitating investments across sectors, including M&A, private equity, and infrastructure finance.
Moses Mufunguri is Investment Principal, with more than 15 years of finance and risk experience across the public and private sectors. Shadi Chauke serves as Non-Executive Director and is a Chartered Accountant with more than 15 years of experience in financial services.
The independent investment committee includes Chris Hock, Chief Operating Officer with more than 30 years of experience in financial services; Mutle Mogase, a pioneer of black-owned private equity fund management involved in shaping South Africa's Financial Sector Charter; and Rob Godlonton, former CEO of iOCO, an EOH company with more than 4,500 employees and R9 billion in revenue.
Investment Strategy
Mamor targets post-revenue companies with proven commercial demand, evaluating minimum annual recurring revenue, scalable business models, customer retention, and a credible path to profitability.
Mamokete Ramathe — Founder & CEO
mamokete@mamorcapital.com
Moses Mufunguri — Investment Principal
moses@mamorcapital.com
South Africa
