Mamor Capital Secures R300m First Close for New South African Tech Fund
- Mamor Capital Ventures has secured R300 million in the first close of its debut technology fund.
- The firm is more than halfway towards its R550 million fundraising target.
- The Public Investment Corporation (PIC) is the anchor investor for the fund.
The establishment of Mamor Capital Ventures and its focus on supporting underrepresented entrepreneurs is a significant step towards diversifying the venture capital landscape in South Africa. This initiative not only addresses funding gaps but also promotes gender equity in investment, which could lead to more inclusive economic growth.
