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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.

 

Although investment activity was subdued across the board in 2020, it was an extraordinary deal making year for Empowerment Capital and its investment funds Andzani Ventures, Imvelo Ventures and Thuthuka Nathi Ventures, says Empowerment Capital executive director Anton Baumann.

 

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