Endeavor SA Secures R190m to Fuel Growth of African Tech Startups
Tech In Africa | Grace Ashiru - Oct 15, 2024
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Standard BankSA SME FundAllan GrayEndeavor South AfricaHarvest Fund III
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AI-generated highlightsThe most relavant information from the article.
  • Endeavor South Africa raised R190 million for Harvest Fund III.
  • The fund aims to invest in 135 selected tech companies.
  • 85% of the capital is allocated to South African businesses.
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The successful fundraising for Harvest Fund III is a significant indicator of the growing confidence in the African tech ecosystem. Endeavor's strategic focus on rigorous due diligence and support for high-potential startups is commendable, and it will be interesting to observe the impact of this fund on the broader economic landscape in Africa. Continued investment in tech innovation is crucial for sustainable growth in the region.
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