GreenTec Capital Partners invests in Namibian computer manufacturer PEBL

Frankfurt-based venture capital (VC) firm GreenTec Capital Partners has invested an undisclosed amount in PEBL, a Windhoek-based startup that manufactures computer hardware.

GreenTec Capital Partners announced the investment on Tuesday (23 October) in a statement on its website as well as on Twitter.

PEBL was founded in 2015 by CEO and lead product designer Vincent Van Wyk.

PEBL was founded in 2015 by CEO Vincent Van Wyk

The startup’s flagship product is the PEBL iD, a high-performance small form-factor (11.8cm x 11.8cm) computer that can be configured to customers’ tastes. The PEBL iD is manufactured in Namibia, with its glass-top panels crafted from African sand.

@GreenTecCapital is pleased to announce our investment into PEBL, a Namibian producer of customised central processing units and computing solutions targettung the African entrepreneurial and business space. https://t.co/q5jn4hBcOn pic.twitter.com/hvqxRKD6sI

— GreenTec Capital (@GreenTecCapital) October 23, 2018

In October last year the Namibian newspaper reported that Van Wyk was placed second at a FABlab Namibia pitch event (where PEBL was incubated). The prize included all-expenses paid trip to the 2017 edition of Finnish startup conference Slush.

Exciting announcement for one of our Fablab Namibia incubated start-ups! Namibia goes global! https://t.co/Sysi26Ci7J

— FABlab Namibia (@FABlab_Namibia) October 23, 2018

Last week, the GreenTec Capital Partners announced that is targeting 50 African investments annually by 2023.

Read more: German-based VC GreenTec Capital Partners to open office in Lagos