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01 Alpha Maven

Empowerment Capital Reports R162m In Venture Capital Investment over past 18 Months

Venture capital firm Empowerment Capital on February 1 announced that it hadapproved and placed a total of R162-million into 13 South African start-ups between July 2019 and February 2021, with R32.5-million approved for placement in three new ventures in the coming weeks.

01 Mark   Anton

Tech firms spring up in fertile Covid conditions

SA's economy may have been ravaged by the pandemic and years of sluggish growth, but small to medium-sized start-ups are still springing up, especially in the technology and fintech sectors. South African venture capital group Empowerment Capital Investment Partners - founded in 2015 by Anton Baumann and Mark Fitzjohn - said its investment companies Andzani Ventures, Imvelo Ventures and Thuthuka Nathi Ventures approved and placed R162m into 13 local start-ups between July 2019 and this month, with a further R32.5m "approved for placement in the coming weeks" in three new companies.

Efe Yagiz Soysal N M Ytz Rf6d1g Unsplash 1

If used properly, enterprise and supplier development enhances growth

Strategic investment in our SMME sector can help restructure our economy and provide real growth www.businesslive.co.za

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