Renowned South African VC firm Knife Capital has launched a new investment fund called KNF Ventures. With a rather generous target of R100-million, the fund will invest in innovation-driven startups by providing tax incentives and high returns.
The announcement also adds to an increase in confidence for South Africa’s startups. Earlier this month, local ecommerce company Travelstart secured US$40-million from UK investors, while VC firm Silvertree Internet Holdings committed US$10-million investment to South African and African startups.
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