SA SME Fund (fund of funds - no direct applications)
SA SME Fund (fund of funds - no direct applications) is a equity investment from SA SME Fund for growth, established businesses across South Africa. Applications are accepted on a rolling basis.
Overview
The SA SME Fund does not fund businesses directly - its website states plainly: We do not make direct investments into SMEs. It is a fund of funds that puts capital into venture capital and growth-equity fund managers, who in turn invest in SMEs. If you are an entrepreneur, look up its portfolio funds (SA SME Fund I, the Venture Capital Fund of Funds, the High Impact Seed Fund of Funds) on its Our Funds page and pitch those fund managers directly.
Programme details last verified on 12 June 2026.
Full Description
Fund of funds supporting SME growth through investments in VC and PE funds. Targets 51% black fund managers. R300m High-Impact Seed Fund launched 2024.
Eligibility Criteria
Frequently Asked Questions
Who qualifies for SA SME Fund (fund of funds - no direct applications)?
SA SME Fund (fund of funds - no direct applications) targets growth, established businesses across South Africa.
When is the deadline for SA SME Fund (fund of funds - no direct applications)?
Applications are accepted on a rolling basis.
How do I apply for SA SME Fund (fund of funds - no direct applications)?
Check your eligibility with the free readiness check on Okhantu, prepare the required documents, then apply on the provider's website.
Prepare Your Application
Increase your chances of success with these preparation resources.
Provider Guide
Learn about SA SME Fund's application process
Document Checklist
Requirements and deadlines
Download Templates
Business plan, cash flow, projections
Legal Framework
Relevant legislation and compliance
Compliance Check
Verify your CIPC, SARS, B-BBEE status
Get Expert Help
Find a funding specialist