Metier announces first close of Metier Capital Growth Fund III
Successful first close for African private equity fund, Metier Capital Growth Fund III 22 September 2023 – Metier announced the first close for Metier Capital Growth Fund III, raising just over $182 million, with further commitments expected by final close positioning Metier to exceed its targeted fund size of $200 million. The fund is the…
Read MoreHAVAÍC Completes second investment in RapidDeploy
RapidDeploy’s game-changing technology is mobilising faster, more accurate emergency response services via 911 centres across the United States. This marks HAVAÍC’s second investment in the cloud-native, public safety platform. Cape Town-headquartered venture capital (VC) firm HAVAÍC has announced a further investment in RapidDeploy following its participation in a bridge round in October last year. The…
Read MoreCapitalworks concludes sale of its interest in one of South Africa’s largest independent management and technology consulting firms
Capitalworks, a leading private equity manager, is pleased to announce the closing of the sale of its interest in IQbusiness, one of South Africa’s largest management and technology consulting firms, to Reunert ICT Holdings (Reunert ICT), a wholly owned subsidiary of JSE-listed Reunert Limited. Since investing in the business in 2016, Capitalworks has actively worked…
Read MoreSAVCA Statement on Online Scams
SAVCA has been made aware of a fake profile which has been created on social media messaging platforms, including Telegram and WhatsApp, and we have reported this to the platforms. Please note that we do not, and never will, use social media or messaging services to solicit payments or investments and are in no way…
Read MoreKnife Capital Reaches Final Close for its $50M African Series B Expansion Fund
10 Aug 2023, Cape Town, South Africa – Knife Capital reached final close for its $50m African Series B expansion fund, Knife Fund III. The Fund supports the expansion of African innovation-driven companies to fill a critical follow-on funding gap, as lead investor and through co-investment with other credible funders across the continent. The focus…
Read MoreSanari Capital CEO Samantha Pokroy participates in roundtable hosted by US Vice President Harris on digital inclusion in Africa
Lusaka, 1 April 2023 – Sanari Capital founder and CEO, Samantha Pokroy, was invited to participate in a roundtable hosted by US Vice President Kamala Harris aimed at promoting digital inclusion across Africa. The event was part of Vice President Harris’ visit to several African countries and brought together business and philanthropic leaders to discuss…
Read MoreSA SME Fund secures R600 million in first close
Guest: Claudia Manning | SA SME FUND”s investment principal Click here to listen to the podcast.
Read MoreSA SME Fund announces a R600m first close for its Venture Capital Fund of Funds
SA SME Fund is the largest institutional investor into VC funds in South Africa Johannesburg, South Africa, 15 May 2023 – The SA SME Fund is pleased to announce the first close of its R1 billion Venture Capital Fund of Funds (VC FoF), with R600 million in commitments from investors. The VC FoF exceeded its…
Read MoreINVESTORS BET BIG ON LOCALLY DEVELOPED AGRI-TECH FARM SOLUTION
Boost for local champion bringing tech-enabled farm management solutions to African agriculture FarmTrace, based in Tzaneen, Limpopo and Stellenbosch, Western Cape, is the only cloud-based farm management tool that offers a diverse range of tools to help farmers manage their operations. The FarmTrace software integrates all production activities into a single management platform and this…
Read MoreMaking Venture Capital More Inclusive
Global Alliance Africa are delighted to present a report prepared by Briter Bridges who have also successfully delivered a stakeholder roundtable and follow-up discussions in order to collate information for this report. Click here to view the full article.
Read MoreETG welcomes yet another strategic partner in the GEPF that will support the growth of the Group across various industries and geographies.
ETC Group (ETG), a global conglomerate with a presence across multiple sectors, announced today that South African pension fund manager Public Investment Corporation (PIC), acting on behalf of the Government Employees Pension Fund (GEPF), has received the requisite internal approvals and also concluded transaction agreements with incumbent shareholders to swap its shareholding in ETG Inputs…
Read MoreAfrica’s Green Economy Summit: Commitment to key strategies for investment-ready green infrastructure projects
African governments have improved processes for infrastructure development “Africa is full of potential infrastructure project opportunities in the pipeline. There is a great need and availability of funding to be spent on the continent. We just need to fix that missing link and carry through projects to a financial close to finally close the infrastructure…
Read MoreInnovative new projects join Climate Finance Accelerator South Africa
Fifteen innovative low-carbon projects from across South Africa have been announced as the second cohort of projects for Climate Finance Accelerator (CFA) South Africa support, following a call for proposals that attracted 166 applications. The chosen projects come from the energy, transportation, AFOLU (agriculture, forestry and other land uses), circular economy and water sectors. They…
Read MorePAPE Fund 3
19 November 2022 PAPE Fund 3, a mid-market South African private equity fund, has this week acquired a majority equity interest in Scamont Investment Holdings (Pty) Ltd (“Scamont”), a leading African engineering OEM specialising in the manufacture, distribution and servicing of positive displacement slurry pumps and multistage centrifugal pumps. The business was founded in 1978…
Read MoreSA’s most promising businesses recognised at SAVCA Industry Awards
11 November 2022: A multi-store, e-commerce start-up and an energy drink brand were among the winners at this year’s SAVCA Industry Awards, hosted by the South African Venture Capital and Private Equity Association (SAVCA) in partnership with Investec. The awards platform recognises the achievements of regional portfolio companies who have leveraged the backing of venture…
Read MoreThe future of venture capital in SA: Commercial viability and measurable impact will go hand in hand
8 November 2022: As the growth of the Venture Capital industry continues on an upward trajectory, a number of deals are moving towards an intersection of commercial and impact objectives. The businesses receiving VC funding are providing strong financial returns as well as contributing to societal challenges such as poverty alleviation, inclusive growth and job…
Read MoreMedia Release: SAVCA Announces New CEO, effective 1 November 2022
The Southern African Venture Capital and Private Equity Association (SAVCA) is excited to announce the appointment of Tshepiso Kobile as Chief Executive Officer, effective 1 November 2022. Kobile succeeds Tanya van Lill, who served SAVCA for over five years. Kobile hails from a financial services background, having served as an investment professional with the Development…
Read MoreEXEO CAPITAL ACQUIRES ICONIC SA BRAND, VITAL HEALTH FOODS
10 October 2022: Pan-African alternative investment firm, EXEO Capital has announced its acquisition of The Vital Health Food Group through Nurture Brands (Pty) Ltd, the functional and convenience foods platform in EXEO Capital’s Agri-Vie Fund II. The transaction was led by Riël Malan, EXEO Partner and Executive Chairman of Nurture Brands. As he comments: “Collectively,…
Read MoreSAVCA welcomes three new board members at 2022 AGM
Three new members were welcomed to the board of The Southern African Venture Capital and Private Equity Association (SAVCA) at its 2022 Annual General Meeting (AGM) on 05 October. Andrea Böhmert, Lebo Thubisi and Richard Rose have now officially commenced their tenure as board members. Providing his insight on these new appointments, SAVCA Chairperson…
Read MoreInvestment in Fintech and EdTech dominate SA venture capital industry
SAVCA 2022 Venture Capital Industry Survey highlights: Fintech constituted 15.9% of Venture Capital (VC) deals in 2021 followed by EdTech (9.1%) Gauteng remains the preferred destination for VC investments but Cape Town is still the base for the biggest pool of companies in active VC portfolios Almost two thirds of all deals (62.3%) were less…
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