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All posts tagged "KNF Ventures"

  • Sars Section 12J VC companies –  hype versus substance [Opinion]

    There are many legal ways for South African taxpayers to reduce their tax burden, and investing in a SA Revenue Service (Sars) approved Section 12J venture capital company (VCC) is one of them. However, opinions are divided on the hype of a tax break versus the substance of sustainable investment returns. The 101 on Section 12J Section 12J is not an asset class in itself, but rather a provision in the Income Tax Act that was introduced in 2009 to address one of the main challenges to the economic growth of small and medium-sized enterprises (SMEs) --  access to equity...

  • Why we invested in soda drink startup Pura, explains Knife Capital

    It's not just tech that SA venture capital (VC) firm Knife Capital invests in. Today the VC -- which has invested in a number of SA tech deals in recent years -- announced that it had invested in SA beverage startup Pura. Knife Capital did not disclose the amount it had invested in the company, which has developed a low-sugar soda beverage. Knife Capital partner Andrea Bohmert said only that the investment was a "Series-A funding round" in return for a significant minority stake. The VC company invests via a consortium of funding partnerships, including a SA Revenue Service (Sars) Section 12J VC Company...

  • It’s official: Cape Town healthtech startup is SA SME Fund’s first investment

    Ventureburn can today confirm that a venture capital deal concluded by Cape Town based KNF Ventures earlier this month in SA healthtech firm 5nines Technologies has made history -- as the first investment that the R1.4-billion SA SME Fund has effectively become involved in. The much awaited SA SME Fund, which is capitalised by 48 JSE-listed companies, was announced by President Cyril Ramaphosa over two years ago when he was then deputy president. Knife Capital partner Keet van Zyl, whose VC oversees the R100-million KNF Ventures fund, confirmed on Monday that the SA SME Fund had concluded an investment of R20-million in KNF on 23 October and that the 5nines...

  • Funding your startup: Ventureburn lists the SA investors delivering [2018 update]

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • Knife Capital reveals deal with Swedish startup, bemoans lack of local funds

    South African venture capital (VC) fund Knife Capital has co-invested in a Swedish startup alongside a Swedish fund, Knife Capital co-founder Keet van Zyl revealed today. “We just made an investment in Sweden, in a Swedish startup and we are quite proud of it. It’s our first investment outside of South Africa that we’ve done and we are quite proud of it,” said Van Zyl. Speaking at a Southern African Venture Capital and Private Equity Association (Savca) event held at the PwC offices in Cape Town today, he said Knife Capital would put out a press release likely next week which detailed the deal,...

  • SA VC firm Knife Capital expands to UK in deal with former rugby star Bob Skinstad

    Venture capital (VC) firm Knife Capital has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor. It follows Knife Capital's management buyout last week from JSE-listed African Dawn Capital. The London office will accelerate the international growth of companies within Knife Capital’s investment portfolio. Draper-Gain is a family office with significant global resources including existing investments in South Africa. The transaction was facilitated by entrepreneur and angel investor Bob Skinstad (pictured above, right) who is Knife Capital’s partner in KNF Ventures, a SA Revenue Services (Sars) Section 12J VC company. South African 12J schemes were created to promote early stage capital...

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