Two of our portfolio companies, CarZar and UCOOK, have been featured in the top 17 South African Venture Capital Association success stories.
The Southern African Venture Capital and Private Equity Association’s (SAVCA), 2017 Venture Capital (VC) Success Stories report highlights the role that VC plays in supporting South African business, and follows the launch of the SAVCA 2017 VC Survey that revealed that VC investments in ICT comprised 27% of the deals concluded in 2016.
The tech-specific case studies included in the report range from e-commerce and mobile apps to augmented-reality gaming and fintech.
“Many of these home-grown businesses are striving to address pressing socio-economic issues through the application of smart, technology-orientated solutions; making a meaningful impact on society, whilst generating profits for shareholders. It is clear, as showcased by the R3.5bn invested by the end of 2016, that VC has had a tremendous impact on the development of the local economy,” says Savca CEO, Tanya van Lill.
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