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All posts tagged "knife capital"

  • 10 tips on how to raise venture capital in South Africa [Opinion]

    Entrepreneurs constantly disrupt the balance of competition by unlocking inventive commercial opportunities and creating new markets in doing so. This can sometimes be done by bootstrapping (with minimal financial resources) over time, but because of the rapidly changing environment innovation-driven entrepreneurs operate in, some form of risk funding is usually required to scale viable opportunities. Raising venture capital (VC) is one way to do it. VC firms invest in early-stage, emerging small firms with high growth potential in exchange for minority equity ownership. But for many SA startups and small businesses, this remains theoretical. While VC is a recognised alternative...

  • 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...

  • 10 people in the SA tech startup sector you should follow in 2019

    The new year is here, 2019 is here. Why not get started by following and connecting with some key decision makers in the SA tech scene. Here are 10 people — from entrepreneur and investor Michael Jordaan to Matsi Modise, the head of startup advocacy body Simodisa — that you should follow to keep abreast on views and happenings in the SA tech startup ecosystem. Michael Jordaan (Entrepreneur and investor): The venture capitalist and former banker has invested in a number of startups and always has a wise word to say on tech innovation in South Africa. Earlier this year he announced plans to launch a new app-based Bank Zero. In...

  • Why Shuttleworth investment failed – eight years on Red Five Labs man speaks

    It was touted at its time as ground breaking technology, one that would enable mobile apps to run on all smartphones regardless of a handset's operating system. So much so that SA entrepreneur Mark Shuttleworth (who in 1999 sold internet security company Thawte for $575-million to Verisign) and the Department of Science and Technology's Innovation Fund jointly invested R4.5-million in the startup, according to a report at the time. A year after the investment in 2007, the startup -- Red Five Labs -- became one of the first investments that Shuttleworth's HBD Venture Capital exited from, when it was acquired by SA company Fed Group for an undisclosed amount. In 2007 Red Five Labs became one of...

  • SA SME Fund in new mandate to invest over R1bn in black small firms, startups

    SA's long awaited SA SME Fund will invest just over R1-billion or 75% of its R1.4-billion in funds in black-owned small and medium-sized enterprises, including tech startups -- the fund's CEO Ketso Gordhan has revealed. The 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 -- but excluding about five backdated VC deals (most of which came about before the fund invested in a fund managed by VC fund Knife Capital last month), it has technically not yet begun lending to small businesses. Speaking to Ventureburn on Monday (19 November), the former PPC Cement head -- who took...

  • Knife Capital announces participants in fourth cohort of Grindstone Accelerator

    Cape Town based venture capital firm Knife Capital today announced the 12 companies that will make up the fourth cohort of its Grindstone Accelerator programme. They include an online shopping assistant, a smart security platform and an insurtech company. The year-long programme -- which kicked off on 29 October -- aims to help innovative SA companies to become investable, sustainable and exit-ready. Knife Capital partner Keet van Zyl explained that the announcement of the cohort had been delayed until this week because Knife Capital has been busy closing two deals (one which is still to be announced) and because Knife didn't "want the story to get lost in the GEW...

  • Knife Capital invests in healthtech 5nines Technologies’ PharmaScout solution

    SA venture capital (VC) fund Knife Capital announced today that it has made an undisclosed investment in Cape Town based healthtech firm 5nines Technologies to help grow its pharmaceutical temperature monitoring solution PharmaScout. Knife Capital said in a statement today that while the three-year old healthtech company has been angel-funded to date (from Hlanganani Capital director Rowan Smith), the Series A funding round will help accelerate the product's rollout to pharmacies, medical practitioners and pharmaceutical warehouses. The funding will also help cover new product development for the international market. The VC said PharmaScout has already gained "significant traction" with blue-chip customers such as Clicks and Alpha Pharm, while...

  • Entered the Ventureburn Tech Startup Survey yet? Here’s why you should

    In a bid to gain a better understanding of how SA's tech startup sector works, Ventureburn -- in partnership with Telkom Futuremakers and analytics company Qurio -- has launched the 2018 Ventureburn Tech Startup Survey. The data from the survey will inform a series of articles on Ventureburn -- which will cover the challenges facing South African tech entrepreneurs -- and will be distributed to wider media and associated tech conferences. Ventureburn will also hold an event surrounding the release of the data to the country. The Ventureburn Tech Startup Survey will prove crucial in providing data on the challenges faced by South African tech startups Last...

  • What really is the secret to getting a VC deal? [Opinion]

    Most entrepreneurs dream of that moment when they get to send out that press release announcing they have struck a venture capital (VC) funding deal. It usually involves millions and millions and it’s a great moment for the startup and the entrepreneurial community. It is a rockstar moment for the entrepreneur, and a milestone for the startup. For people working at the startup it’s a sign of validation, a sign of success and a sign of growth to come. The sad reality is, however, most startups never get there. The headlines and the press releases are loud and proud and create...

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