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Exeo Capital

Impact investor

Cape Town · Growth · 19 people tracked

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Investment thesis

EXEO Capital invests in profitable growth businesses across Africa that hold a sustainable competitive advantage, create jobs, and meet its sustainability standards. Operating as both an investment manager and proprietary investor, the firm pursues a multi-strategy, sector-focused approach centered on building businesses with purpose, rigour and patience. It emphasizes conscious value creation to drive sustainable wealth generation and socio-economic development on the continent, guided by values of respect, consideration and performance, and delivering long-term investment returns alongside measurable impact.

Source: firm website, verified Sep 26, 2026.

Stage
Growth
HQ
Cape Town, ZA
Instruments
Equity · Debt
Founded
2007
AUM
$300M
Tracked investments
13

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-sectoral 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 and has transaction experience across Sub-Saharan Africa.

Izak Strauss· Senior partner and co-founder

Senior partner and co-founder with 30 years of experience; former PWC partner and agribusiness entrepreneur who co-founded the Unlimited Foods group and serves as Finance Director of the firm.

Paul Nguru· Partnerin

Partner with 25 years of experience; former Deloitte corporate finance professional with wide exposure to East African investment banking and capital markets and cross-border transaction experience.

Riël Malan· Partner

Partner with 25 years of senior executive leadership in the food sector; co-founder and former CEO of the Unlimited Group who coordinates 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, providing HR and talent management support internally and to 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· Finance & compliance lead

Finance and compliance lead who has coordinated the firm's finance and compliance work since 2008, with 16 years of related experience.

Niel du Toit· Senior associatein

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

Sanet Nel· Group finance manager

Group finance manager with 18 years of experience, overseeing 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 13 portfolio companies

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

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

Investments · 13 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.

Nautilus PharmaNetEdNetEd GroupTerramar

Frequently asked questions

How many investments has Exeo Capital made?
Exeo Capital has 13 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.

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