South African venture capital company Conducive Capital has launched a US$50 million fund to invest in early- and growth- stage startups in South Africa and Africa. The fund will invest in disruptive technologies that are post-revenue and capital efficient, have good unit economics with product market fit, and have the ability to scale their businesses both locally and globally. Conducive Capital will also seek to improve diversity in the early and growth stage investment sector as well as develop the next generation of black woman venture capitalists. Kalon Venture Partners is known for its disruptive influence in the digital venture capital sphere and Ozow is a trailblazer in the payments industry. Alongside funding, Conducive Capital pledges comprehensive support, offering strategic guidance, operational expertise, and mentorship to nurture startups, facilitating their growth into industry frontrunners.”

Source: The North Africa Journal March 06, 2024 10:14 UTC