Press Release
Blue-Chip Investors Back Secha Capital and its Operator-Investor Model
Johannesburg, 26 September 2023: Secha Capital today announced a first close of its second fund, with R300M in investments from blue-chip investors RMB Ventures, 27four Investment Managers, The SA SME Fund and Caleo Capital. Secha Capital is a Black, female-founded fund manager. Founders Nombuso Nkambule, Brendan Mullen and Rushil Vallabh started Secha Capital in 2017.…
Read MoreMetier 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 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 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 MoreKnife Capital Reaches Second Close of its African Expansion Fund with Commitments from Standard Bank and the SA SME Fund
27 September 2022, Johannesburg, South Africa – Standard Bank and the SA SME Fund have joined other credible investors in backing venture capital firm Knife Capital’s new USD50 million African Series B expansion fund, Knife Fund III. The Fund’s aim is to invest behind the expansion of African innovation-driven companies and fill a critical follow-on…
Read MoreGender diversity increases significantly in the Private Equity sector according to SAVCA 2022 Private Equity Survey
22 September 2022: According to the latest Southern African Venture Capital and Private Equity Association (SAVCA) Private Equity survey for 2022, PE firms have shown a significant improvement in gender diversity, showing that the proportion of firms with more than 50% of women in their organisation has grown year-on-year. Further data indicates that for the…
Read MoreVistra enters into a Sale and Purchase Agreement with MAS France – Expands its global footprint by entering the French market
Paris, 15 September 2022: Vistra, a leading provider of expert advisory and administrative support to Fund, Corporate, Capital Market and Private Wealth clients, today announced it has entered into a Sale and Purchase Agreement (SPA) with MAS France, a Parisian provider of domiciliation, administration and directorship services in the real estate and private equity sectors.…
Read MoreSouth African gym management software startup Octiv secures significant funding partnership with Knife Capital to accelerate global expansion
[Cape Town, South Africa, September 1, 2022] – The prominent South African gym management software platform Octiv has reached a monumental milestone in closing their eight-figure Series A funding round from a leading venture capital firm, Knife Capital. The startup previously raised seed capital from prominent South African angel investors and this round also included…
Read MoreDataProphet closes $10m investment to lead the Digital Maturity Journey for Manufacturers
AMSTERDAM / CAPE TOWN – DataProphet, a world-leading AI-as-a-Service (AIaaS) for manufacturing innovator, today announced the completion of its US$ 10 million Series A funding round. Knife Capital led the round, joined by South Africa’s IDC and Norican – the world’s largest metal surface preparation and finishing equipment provider. The funding provides DataProphet with the…
Read MorePAPE FUND 3 INVESTS IN ENTERSEKT
PAPE Fund 3, a mid-market South African private equity fund, has this week acquired an equity interest in Entersekt, a global leader in device identity and payment authentication. The transaction achieved financial close in Franschhoek, during the final night of the SAVCA conference on Thursday 24 May 2022. Entersekt was founded in Stellenbosch in 2010.…
Read MoreSAVCA Statement on the 2022 State of the Nation Address
Government and Private Sector to bolster efforts at increasing investor confidence and economic growth During Thursday evening’s State of the Nation Address, President Cyril Ramaphosa outlined various areas of improvement within the scope of his Cabinet, as he highlighted the growing need for both the private sector and government to collaborate more vociferously to bolster…
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