/Investor DB

Exeo Capital

Impact investor

Cape Town · Growth · 19 people tracked

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Investment thesis

EXEO Capital is a pan-African alternative investment manager that positions itself as a partner and business builder rather than merely a provider of risk capital. It invests across strategically selected sectors and themes, preferring to build larger investment platforms and originate proprietary deals over smaller or reactive ones. The firm emphasizes highly selective investment choices, long-term horizons, and active value creation through strategic insight, operational support, governance improvement, M&A guidance and ESG outcomes. Its investment process relies on team-based decision-making, consistent criteria, senior independent participation in the investment committee and thorough due diligence. Sustainability is central, reflecting the view that what is good for people and the planet is good for business.

Source: firm website, verified Nov 1, 2026.

Stage
Growth
HQ
Cape Town, ZA
Instruments
Equity
Founded
2007
AUM
$300M
Tracked investments
21

Team · 19 people

from the firm's website & curated
Avril Stassen· Senior Partner & Co-founder

Senior partner and co-founder with 25 years of experience; formerly at Allan Gray, co-founder of AMB Private Equity and executive director of the Agri-Vie fund manager, with multi-sector transaction experience across Sub-Saharan Africa.

Herman Marais· Managing Partner & Co-founder

Managing partner and co-founder with 25 years of business and investment experience; former Deloitte partner who led the formation and management of the Agri-Vie Funds, with transaction experience across Sub-Saharan Africa.

Izak Strauss· Senior Partner and Co-founder

Senior partner, co-founder and Finance Director with 30 years of experience; former PwC partner and agribusiness entrepreneur who co-founded the Unlimited Foods group and led investment and exit transactions in the Agri-Vie Funds.

Paul Nguru· Partnerin

Partner with 25 years of business and investment experience; former Deloitte corporate finance professional with wide exposure to East African investment banking and capital markets and multi-sector transactions across several countries.

Riël Malan· Partner

Partner with 25 years of food-sector leadership experience; co-founder and former CEO of the Unlimited Group, and coordinator of the firm's operations group.

Adelè Zeelie· ESG Specialist

ESG specialist supporting the firm, with a master's in social work (forensic practice).

Benjamin Shaw· Senior Associate

Senior associate on the investment team with a BBusSci in Finance and Accounting.

Chelsi Mauritz· Investment Analyst

Investment analyst on the firm's investment team.

Denham Wiercx· Senior Associatein

Senior associate on the investment team, holding a BComm (Hons) and CFA.

Jillian Lambert· Human Capital Lead

Human capital lead since 2015 with 28 years of experience; provides talent management and HR support internally and due diligence and post-investment support for portfolio companies.

John Gitahi· Investment Analystin

Investment analyst on the firm's investment team.

Karan Shah· Senior Associatein

Senior associate on the investment team, holding a BSc (Hons), ACCA and CFA.

Lynette Thomas· Funds and Investor Relations Lead

Funds and investor relations lead with 18 years of experience; since 2008 has coordinated the firm's finance and compliance portfolios according to internationally recognized standards.

Niel du Toit· Senior Associatein

Senior associate on the investment team, a chartered accountant and CFA.

Sanet Nel· Group Finance and Operations Manager

Group finance and operations manager with 18 years of experience in financial management, reporting and risk; oversees financial planning, compliance, treasury, governance and internal controls.

Tisha Greyling· Sustainability Consultantin

Sustainability consultant supporting the firm.

Anders Thelin· Senior Associatein
Claes Styren· Sustainability Leadin
Giulio Prevosti· Senior Associate

What they invest in

from 9 of 21 portfolio companies

FoodTech ×6Consumer ×5AgTech ×4AdTech ×1Advanced Manufacturing ×1Direct to Consumer ×1E-commerce ×1Impact & Social Good ×1

HQs:South Africa×5Kenya×1Netherlands×1

Investments · 21 tracked

founders shown can be your intro path
Amos Dairies Limitedamosdairiesltd.comin𝕏

Amos Dairies is an integrated manufacturer and marketer of food products and ingredients, with a stated focus on Africa and ambitions for a global presence.

Advanced ManufacturingFoodTech

Dairylanddairyland.co.kein𝕏

Dairyland is a Kenyan food brand producing ice cream, chocolates, yogurts, chocolate spreads, topping sauces and catering products, operated by Glacier Products Ltd.

ConsumerFoodTech

Electric Eggelectricegg.netin

Electric Egg provides paid advertising services across search, social media, and web platforms, helping businesses reach targeted audiences through Google Ads, Meta Ads, and LinkedIn Ads.

AdTechMarketing Tech

MC Coetzer(CEO)in

Elgin Free Range Chickensfreerangechickens.co.zain𝕏

Elgin Free Range Chickens is a South African producer of free range chicken, raising broiler birds on a maize/grain-based diet without routine antibiotics, animal by-products or growth promoters, and using air chilling instead of brine injection.

AgTechConsumerFoodTechCape Town, ZA

Roedolf Steenkamp(Chief Executive Officer)Jan Wessels(Chief Financial Officer)

Fairfield Dairyfairfielddairy.com

Fairfield Dairy produces milk and dairy products in South Africa, operating a factory in the KwaZulu-Natal Midlands.

ConsumerFoodTech

HIK Abalonehik.co.za

HIK Abalone Farm operates abalone hatcheries and grow-out platforms in South Africa, producing over 400 tonnes of farmed abalone annually.

AgTechFoodTech

Marginparmarginpar.cominApr 2018

Marginpar breeds, cultivates, produces and sells high-quality summer cut flowers such as Eryngium, Astrantia and Clematis, working with breeders and production partners on farms in Africa.

AgTechConsumerAalsmeer, NL

Maarten Goos(CEO Marginpar Group)in

Co-investorsNorfund

Terrasanterrasan.co.zain

The Terrasan Group is a South African holding company with subsidiaries in pelagic fishing (sardine, anchovy and pilchard catching and processing), aquaculture (abalone and mussel farming, aquafeed manufacturing, and canned fish), and property.

AgTechFoodTechImpact & Social GoodPropTechCape Town, ZA

Wellness Warehousewellnesswarehouse.comin

Wellness Warehouse is an ecommerce retailer selling nutritional supplements and wellness products under various third-party brands.

ConsumerDirect to ConsumerE-commerceRetail TechWellness & FitnessSouth Africa, ZA

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Cape OliveChemical Process Technologies (CPT)Fairview Cheese CompanyGlacier ProductsInteliChemJumbo BrandsNautilus PharmaNetEdNetEd GroupPPHLTerramarThe Maia Group

Frequently asked questions

How many investments has Exeo Capital made?
Exeo Capital has 21 tracked investments.
What stage does Exeo Capital invest at?
Exeo Capital invests at the Growth stage.
What sectors does Exeo Capital focus on?
Exeo Capital focuses on AgTech, Consumer, EdTech, FoodTech, Healthtech, Impact & Social Good, Sector Agnostic.
Where is Exeo Capital located?
Exeo Capital is headquartered in Cape Town, ZA.

Media · Podcasts & interviews

featuring the team

Riël Malan (Exeo Capital Partner and Entrepreneur)

The VillageGuy Paarl · Riël Malan

Images

Exeo Capital photo

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