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All posts tagged "knife capital"

  • 10 Defining moments that shaped the 2017 South African startup ecosystem

    2017 in South Africa is a very hard year to define… Most people are limping into 2018 battle-scar ridden and trying to figure out what the hell just happened?! Bitcoin highs and Steinhoff lows, neighbouring coup-non-coups, Rugby World Cup hosting woes and Western Cape dam levels scraping the bottom of the barrel along with GuptaBots, while Cyril is rising to the top. 'In 2017 South African entrepreneurs had a bumper year  -- leading the charge with innovation, job creation and growth' But adversity is the mother of invention… South African entrepreneurs had a bumper year  -- leading the charge with innovation, job...

  • 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...

  • A look at 2017: the year that was for South Africa’s tech startup ecosystem

    This year saw one of the biggest acquisitions of a South African startup - with the over $100-million GetSmarter deal. A chance meeting with 2U CEO Chip Paucek in October last year set the Cape Town based edtech startup on the road to being acquired by the US firm in a $103-million deal signed in May, but only concluded in October. But 2017 was also a year in which two new major acceleration programmes launched on the continent. Global accelerator Startupbootcamp launched a three-month programme in Cape Town in September -- the organisation's first such initiative in Africa. The inaugural programme helped bridge the gap between corporates and startups, with the initiative's first...

  • Despite 134% growth in VC investments, sector still lacks liquidity says investor

    The number of South African venture capital (VC) investments grew by 134% to R872-million in deals in 2016 over the previous year, shows Southern African Venture Capital and Private Equity Association (Savca) data. But a leading venture capitalist, Angel Hub Ventures lead investor Brett Commaille, says a lack of liquidity and follow-on funding is holding back the sector. Speaking at a Savca event held at the PwC offices in Cape Town last week to launch a VC success stories booklet (opens as a PDF), Commaille said while in the early days SA internet billionaire Mark Shuttleworth's HBD ventures was investing over R20-million in VC deals, these days...

  • SA venture capitalists slam inaccurate valuations by local angel investors

    Inaccurate valuations from local South African angel investors are skewing the value of companies venture capital (VC) funds are keen to invest in, two leading venture capitalists have charged. Speaking yesterday at an event held by Southern African Venture Capital and Private Equity Association (Savca) to launch a booklet (opens as PDF) on 20 local VC success stories, Angel Hub Ventures lead investor Brett Commaille pointed to a recent deal involving an angel investor. “We had a deal recently where the guys from (financiers) Business Partners asked us to come along. And we were about to do a co-investment with them and the entrepreneur...

  • 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,...

  • Startups have 10 days left to complete Ventureburn survey, win iPhone 8, more

    Startups have just over 10 days left to complete the second annual Startup Survey -- the Ventureburn Tech Startup Survey powered by Telkom Futuremakers -- and stand a chance to win an iPhone 8 as well as a business startup hamper powered by Telkom, BCX and Trudon as well as other great prizes. Ventureburn, in partnership with Telkom Futuremakers and analytics company Qurio launched the survey on 2 October. The survey will close on 31 October. Thus far 165 questionnaires have been completed in full. 'The Ventureburn Startup Survey will prove crucial in providing data on the challenges faced by South Africa’s tech startups' This year's survey follows the successful 2015 survey and aims to again...

  • 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...

  • You don’t need to be super wealthy high net individual to be an angel investor

    The outlook for the South African economy may be grim. The Reserve Bank forecasts that the economy will grow at just 0.5% this year. Yet the one thing that looks hot right now is the tech startup sector. While the number of investors taking advantage of a new tax incentive has picked up of late, a whole list of SA startups have recently been acquired by foreign companies, bringing healthy returns to investors. Read more: Investors clamouring for 12J VC incentive following tax hike – fund managers Read more: Are these the 10 all-time biggest exit deals for SA startups? And you don't...

  • Capitalise on personal networks, venture capitalist Andrea Böhmert tells women

    Andrea Böhmert, a partner at venture capital investment firm Knife Capital, believes women should be making better use of their networks to raise funding. “About 90% of funding is initiated via introductions from personal networks. A Savca study confirms this. So the question is, whether women are as networked as men and are they accessing the 'right' networks when it comes to funding. Böhmert questioned where the equivalent of the old boys club for women is. "Where are the well-networked women who could potentially make introductions? In my opinion, this is the first major hurdle that women have to deal with but the...