Kalon invests in artificial intelligence and computer vision solutions company
visionAI, a leader in artificial intelligence and computer vision solutions, has announced an investment from Kalon Venture Partners. This funding will fuel visionAI’s growth as it continues to transform not only the manufacturing and supply chain sectors but also a wide array of industries through its innovative AI-driven technology.
Source: Kalon Venture Partners
Salt Capital announces a further close of its SME focused fund, Salt Equity I
Salt Capital, a private equity fund manager focused on the SADC region of Africa, is pleased to announce a further close of its SME focused fund, Salt Equity I, securing capital commitments totaling US$83 million.
Source: Salt Capital
SA SME Fund and others back seed fund of funds to support tech start-ups
Johannesburg, – In a major boost to South Africa’s start-up technology sector, the SA SME Fund, the Department of Science and Innovation (DSI), along with its entity, the Technology Innovation Agency (TIA), and impact investor E Squared Investments have launched a R300 million Seed Fund of Funds aimed at providing critical early-stage capital to startups.
Source: E Squared
TUNL secures seed funding led by E4EAfrica
TUNL is thrilled to share that they have raised a seed round led by E4EAfrica, together with Jonathan Smit, Jozi Angels and an SPV arranged by Utopia Capital Management. Together with the continued support of other early backers, 54 Collective and Digital Africa Ventures, this investment will continue to drive their rapid growth as they empower South African SMEs to thrive in the global marketplace.
Source: TUNL
Vantage Capital closes €66mn mezzanine investment in Camusat
Paris, France – Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it had closed a €66 million mezzanine investment in Camusat Holding S.A.S, the proceeds of which will be used to refinance debt and fund the capital expenditure required for expansion of the group’s AktivCo division. Vantage Capital’s investment is part of a global financing package of €81m provided in consortium with Eurazeo, a leading European investment group.
Source: Vantage Capital
Zrosk acquires a 10% equity stake of MeCure Industries
Zrosk Investment Management Ltd. has recently and successfully acquired a 10% equity stake of MeCure Industries PLC, one of Nigeria’s leading pharmaceutical companies.
Source: Zrosk Investment Management