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Grotech: this new fund aims to pump R200m into disruptive SA tech
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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