Springlab

Springlab is a technology incubator and joint venture partner headquartered in Cape Town, South Africa. Founded in 2013 by Eugen Petersen and Sheraan Amod, the firm specializes in building and investing in lean startups that solve real-world inefficiencies. Springlab offers seed capital investments ranging from ZAR 200,000 to ZAR 2 million, providing comprehensive support including strategy, product development, online marketing, sales, administration, and later-stage fundraising.

The firm's investment strategy focuses on scalable business models and companies employing the 'lean startup' methodology. Springlab typically avoids highly capital-intensive business models such as e-commerce and hardware ventures, instead concentrating on sectors like technology, healthcare, information technology, internet services, and financial services. Their geographical focus is primarily on South Africa and the broader Sub-Saharan African region.

Springlab's first venture, RecoMed, launched in December 2013, is an online platform that helps users find and book appointments with nearby healthcare professionals. The service has grown to feature over 4,000 doctors and attracts more than 14,000 visits per month. This venture exemplifies Springlab's commitment to fostering entrepreneurship and innovation within the Sub-Saharan African market.