The South African tech scene saw some pretty big exits in 2015, including radar startup iKubu’s January sale to Garmin and WooThemes’ exit to WordPress for an estimated R300-million. And with those exits comes increased investor appetite.
The latest player aiming to get its hands on a slice of the tech pie is Grotech, a newly established fund from VC company Grovest, which is looking to raise as much as R200-million to invest an average of R5-million to R10-million in high-impact South African tech startups.
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