South Africa: Edge Growth-managed Vumela fund backs delivery business
Breaze Delivery offers customised, on-demand and same-day delivery solutions to SMEs in South Africa.
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The Vumela Enterprise Development Fund, established by FNB Business Banking and fund manager Edge Growth, has invested R20 million ($1.23 million) in Breaze Delivery, a South African logistics and delivery platform. This investment will support the company’s next phase of growth and expansion, including the scaling of its technology platform, extension of its driver network, and broader geographic growth to meet rising demand from SME customers and retail partners.
Founded in 2021 by entrepreneurs Avi Maja and Braden Snyman, Breaze Delivery offers customised, on-demand and same-day delivery solutions to SMEs in South Africa. Leveraging a network of flexible drivers and live-tracking technology, Breaze Delivery is helping strengthen the local supply chain while positioning itself as a scalable quick-commerce partner for retailers and brands nationwide.
“In evaluating the application, Breaze Delivery distinguished itself through the resilience of its leadership and its clear positioning to benefit from continued growth in the e-commerce market in South Africa,” says Jessica Blake, associate principal at Edge Growth. “This investment reflects the vital role that dynamic, high-growth SMEs play in South Africa’s development. By scaling their operations, businesses like Breaze Delivery can create employment opportunities and contribute to sustainable broader economic growth.”
“Vumela is pleased to support Breaze Delivery as part of our commitment to backing innovative, high-growth SMEs that are reshaping critical sectors of the economy,” says Mike Sage, head of investment capital at FNB and a Vumela trustee. “Breaze represents the type of scalable, technology-driven business that can deliver meaningful economic impact through improved efficiency, job creation and SME enablement.”
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