The e-commerce industry in South Africa has experienced a boom since the start of the COVID-19 pandemic — and Black Friday was no exception….
South African startups will be receiving a new VC company in the form of Futureneers. The VC aims to change the way companies are invested in by also giving them guidance.
According to a press release sent to Ventureburn, the VC “personally nurtures them [startups] through each phase of their business growth cycle, with the aim of scaling them in readiness for entry to international markets”.
It aims to fill a gap in the market where angel investors exit the invested startup and the startup in question requires additional capital and experience.
“…South African investors often lack the time, knowledge and resources to screen, manage and grow promising start-ups, they tend to invest in more mature, post-revenue businesses,” the Futureneers explained.
The Futureneers effort hopes to fill a gap left by angel investors and other entities
“For us, the objective is simple: finding, nurturing and guiding the next Roelof Botha or Elon Musk, then introducing them to our influencer and funding networks around the world,” says co-founder and chairman of Futureneers, Johannes (Jo) Booysen.
The Futureneers management team will consist of founder and chariman, Booysen; co-founder and CFO, Jaco Gerber and co-founder and CEO Deon Lewis.
The advisory board will consist of Brent Cohen, Jake Mendelsohn, Derek White, Hans Hawinkels, Nishant Sexana, Albé Geldenhuys, Greg Voigt, Martin Venter, Gustav Praekelt, Corné Klem, and Renier Kriel.
“With our ‘start-up machine’, international footprint and strategy, South African entrepreneurs and investors can experience what we believe is ‘real VC’ for the first time — financial support for early start-ups, professional services, and guaranteed access to a global ecosystem, along with all of the opportunities that this provides.”
Those looking for more information and investment can visit the Futureneers website.