A fund aimed at promoting the growth of small and medium enterprises in South Africa by providing access to funding.
Mamor Capital Secures R300m First Close for New South African Tech Fund
Mamor Capital Ventures has secured R300 million in the first close of its debut technology fund. The firm is more than halfway towards its R550 million fundraising target.
South Africa’s banks have become the exit ramp for its fintechs
Nedbank acquired payments fintech iKhokha for R1.65 billion. Capitec has purchased WalletDoc.
South African VC exits show early signs of a maturing venture capital ecosystem
The SA SME Fund and Endeavor South Africa report that South African venture-backed scale-ups are generating successful exits. The broader analysis found that realised cash returns from South African venture capital exceeded invested capital, with returns ranging from 2.01x to 2.45x.
Aions Ventures backs South Africa’s climate-tech ambition with $6 million fund
Aions Ventures has launched Aions Seed Fund I with R100 million to support climate, energy, and water innovation startups. The firm believes the next billion-dollar startup in South Africa will emerge from sectors addressing climate and infrastructure challenges.
Endeavor SA Secures R190m to Fuel Growth of African Tech Startups
Endeavor South Africa raised R190 million for Harvest Fund III. The fund aims to invest in 135 selected tech companies.
