After Michael Jordaan left FNB as CEO he founded Montegray Capital, a private investment company investing in “leanly run start-ups with disruptive business models”.
Jordaan said his investment focus is on “business models enabled by technology that solve real problems, and which can add value in existing, well-performing industries”.
“Our businesses are making waves in existing well-established industries and solving problems in completely new ways,” Montegray Capital said.
As one of the best chief executives South Africa has ever produced, many people are closely following Jordaan and Montegray Capital’s investments.
Since launching Montegray Capital, Jordaan has invested in ten South African tech companies. These companies range from a solar solutions provider to a self-service parcel delivery service.
Here is a list of companies in which Montegray Capital invested over the last fifteen months.
Multisource is a Global Convergence Technology Company which provides fully-integrated, end-to-end solutions deployed in 47 countries within Africa.
They design, build, operate, and federate next-wave networks (combine radio, wireless, voice, video, applications, and IP technologies) into a single, integrated communication network and leverage these into a converged communications ecosystem.
These context-aware interconnected networks include Wi-Fi/GSM/LTE, radio, identification, metering, location, and sensor networks.
HeroTel is introducing a new way of doing wireless business in South Africa. ProjectIsizwe brings free Wi-Fi to low-income communities – this opens up information, supports informal learning, and allows people to search for jobs online.
Bright Black provides solar energy solutions. One of their sites, KPMG in Parktown, generates 1,000,000kwh per annum – a saving of 1,320 trees or 621,000kg of coal.
execMobile’s PocketWifi keeps business travelers connected with Internet access from any mobile device at a fraction of the cost of mobile operators’ roaming rates.
Snapplify’s digital publishing solutions are changing the way South African students learn, tackling the problem of access to textbooks. Its innovation has made it possible to download eBooks without an Internet connection.
GoMetro is a commuter-driven mobile app with 120,000 monthly active users interacting, collecting, and sharing information on public transport routes and delays.
AmaLocker is a self-service parcel delivery service which aims to improve e-commerce delivery and efficiency.
codeX is growing Africa’s coders to be either highly employable or to start their own businesses. Coders learn by working on projects for companies, with their learning driven by industry more than by academia. This means they know what companies want and how to build it.
NMRQL is a disruptive investment management company that uses quantitative research and algorithmic trading, quantum leaps in technology, and data analytics to deliver consistent performance not correlated to the general market.
RealityGate designs user interfaces that allow fluent, cooperative navigation and selection of information across mobile and other electronic screens.